Vietnam economy

Another topic of discussion was the fast-changing international situations and pressure from both traditional and non-traditional threats on the economy as the country integrates deeper into the world. Việt Nam in 2018 posted trade value equal to over 200 per cent of the country’s Gross Domestic Production (GDP) – the highest level for any nation with a population of 50 million or higher, according  to a report from the World Bank. … [Read more...] about Technology and innovation identified as strategic direction for VN’s economy

Freelancing, or contingent work, has become a popular trend around the world and is an attractive career option for young people. Freelancers are independent contractors who offer their services on a temporary basis, usually to business and sometimes to multiple clients at a time. As they are not committed to a long term employer, freelancers have greater flexibility in selecting clients, jobs, work hours, and job location. PayPal’s “Global Freelancer Survey” polled 11,324 freelancers across 22 markets worldwide, of which 1,602 were from Singapore, Indonesia, Vietnam, and the Philippines. The results revealed the extent to which digital platforms offer an easy and convenient mechanism for freelancers to receive payments, access new assignments, and find employment opportunities. With their range of benefits, experts predict that online job platforms for freelancers in the Southeast Asian region will keep growing in the future. … [Read more...] about Freelancing – A future career trend for the global economy

Nguyen Thi Cam Tu, a Tay person, has realized the culture and knowledge of Bac Ha district, Lao Cai province as the power behind her start up business. She is now the director of Cam Tu Company, the owner of Bac Ha flower valley which receives hundreds of thousands of visitors each year. The valley has created jobs for many local people. … [Read more...] about VOV inspires startup spirit among ethnic minority youths

By August 2018, Austria ranked 43rd among 129 countries and territories having investments in Vietnam, with 31 valid projects valued at USD 143.9 million. Most of the projects are of small and medium sizes, focusing on processing, manufacturing, hotels, restaurants, and entertainment. … [Read more...] about Vietnam-Austria ties enjoy extensive growth

According to Chairman of the Hanoi Supermarket Association Vu Vinh Phu, M&As aim to enlarge and diversify business portfolios of the purchasers while allowing sellers to recover capital. There had been changes in the ownership of large supermarkets, such as Thai Central Group buying the Big C supermarket chain, Phu said, adding that this is a positive deal which will drive market development. The Ministry of Planning and Investment said that there is reason for optimisim for M&A activities in the energy, banking, infrastructure, hotels and office sectors. The ministry noted that the 8th Vietnam M&A Forum 2016, set for Ho Chi Minh in August, will feature large enterprises, securities companies and development capital funds. Their attendance shows that M&As are an efficient capital mobilising channel, contributing to adding more capital to the economy while enhancing business efficiency, said Deputy Minister Pham Huy Dong.  M&As are also a way for foreign … [Read more...] about Vietnamese M&A activities heating up