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Image : US unemployment lowest in 9 years as job creation continues

US unemployment lowest in 9 years as job creation continues

person Orange Themes access_time Dec 02,2016

The US unemployment rate in November fell to its lowest level since August 2007 as the economy continued to add new jobs, all but guaranteeing an interest rate hike this month. The jobless rate fell three-tenths to 4.6 percent, with a solid 178,000

Image : Discovering underground market in Saigon

Discovering underground market in Saigon

person Orange Themes access_time Mar 15,2017

EN VietNamNet - Sense Market, a newly established shopping center and food court, has attracted lots of locals and foreign tourists.

Image : Mexican cement maker ready to help Trump build border wall

Mexican cement maker ready to help Trump build border wall

person Orange Themes access_time Nov 23,2016

By Roberto Aguilar and Noe Torres MEXICO CITY (Reuters) - A Mexican cement maker is ready to lend its services to U.S. President-elect Donald Trump to build the wall he wants to erect on the southern border of the United States to curb immigration.

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PM kicks off private sector conference/discourse/talks

access_time May 17,2017 chat_bubble_outline 29 views

The national-level dialogue of Prime Minister Nguyen Xuan Phuc and the business community, entitled “Walking in the step of businesses,” has kicked off. The PM promised to help enterprises tackle their woes.

PM kicks off private sector conference/discourse/talks

Phuc told more than 2,000 delegates, including representatives of enterprises, ministries, and local and international organisations, that since his last meeting with the business community in Ho Chi Minh City in April last year, the local business climate has remarkably improved.

“However, these achievements are still humble and are just the first results. There still exist numerous obstructions affecting enterprises’ performance,” Phuc said.

“We would like to receive your proposals and frank, hearty, and constructive advice, so that the business and investment climate can be further bettered,” he said. “The government will also enact a directive on better implementing Resolution 35 on improving the local business and investment environment.”

Resolution 35, issued in May 2016, reflects the government’s determination to support and develop the business community. It requires ministries and state management agencies to drastically reform procedures to facilitate enterprises’ operations.

Resolution 35 has also set the goals of raising the number of enterprises to one million by 2020 from the 515,000 at present. The private sector will contribute about 50 per cent of the GDP. Social labour productivity will increase by 5 per cent annually.

According to a survey conducted by the Vietnam Chamber of Commerce and Industry in late 2016, 75 per cent of surveyed enterprises see the “positive impacts” of Resolution 35, and 25 per cent said that they were left unaffected.


Through reclusive Wa, China's reach extends into Suu Kyi's Myanmar

By Antoni Slodkowski and Yimou LeePANGSAN, Myanmar (Reuters) - China is extending its sway over an autonomous enclave run by Myanmar's most powerful ethnic armed group, sources in the region told Reuters, bolstering Beijing's role in the peace process that is the signature policy of Aung San Suu Kyi.The "foreign policy" of the self-proclaimed Wa State is closely monitored by Beijing, senior officials in the administration run by the 30,000-strong United Wa State Army (UWSA) and its political… chat_bubble_outline Read More...

Fed's Yellen: Rate hike likely appropriate 'relatively soon'

Washington (AFP) - Federal Reserve Chair Janet Yellen said Thursday an interest rate increase likely will be appropriate "relatively soon" as long as there is further evidence of progress in the economy.However, in testimony prepared for delivery to the Joint Economic Committee of Congress, Yellen said the Fed expects it will only have to raise rates gradually.In her first public comments since the surprise election last week of President-elect Donald Trump, who has criticized the Fed and… chat_bubble_outline Read More...

Louis Vuitton’s Hanoi store could be selling fakes

Louis Vuitton’s representative in Vietnam has yet to respond to the accusation of selling a fake bag, which emerged earlier in May. On May 31 VIR contacted the Louis Vuitton store at Hanoi’s Trang Tien Plaza and was told to wait 24 hours for a response of the representative company regarding the accusation. As of now there is no response yet. On May 14 it was reported that Ms. H from Tu Liem district of Hanoi said she had bought a bag of the Louis Vuitton brand at the Trang Tien Plaza store… chat_bubble_outline Read More...

Should Vietnam take pride in low labor costs?

For every pair of shoes worth $100, Nike makes a profit of $20, while Vietnamese workers earn $0.6. In order to have enough money to buy a pair of Nike shoes, a Vietnamese worker has to make 166 pairs of shoes. The example was cited by Michael H. Nguyen, deputy CEO of Masan Group, when discussing the value of brands and labor costs. According to the businessman, China, which provides materials, can pocket 5 percent of profit from every pair of Nike shoes sold. Vietnam, which does the… chat_bubble_outline Read More...

Vietnamese government to weigh impacts from Brexit

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