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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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New General Director for Samsung Vietnam

access_time May 19,2017 chat_bubble_outline 24 views

South Korean technology giant Samsung has announced the appointment of Mr. Shim Won Hwan as General Director of Samsung Vietnam, replacing Mr. Han Myoung Sup.

New General Director for Samsung Vietnam

This is the second time Mr. Shim has been appointed to the position, which he previously held from 2010 to 2014. He committed to seeing Samsung Vietnam retain its leading position in the world.

Mr. Shim, 58, has 33 years of experience with Samsung since graduating from South Korea’s Kyungpook University. He has held many positions at Samsung Electronics, including CEO of the Gumi factory in South Korea.  

In his new position, he will lead communications, foreign affairs, environmental health and safety (EHS), and administration and personnel.

Mr. Sup, who led Samsung Vietnam for two and a half years, will return home to a new posting.

Samsung Electronics Vietnam in northern Bac Ninh province (Samsung Bac Ninh) and Samsung Electronics Vietnam Thai Nguyen in northern Thai Nguyen province (Samsung Thai Nguyen) grew strongly last year and earned the highest revenue and profit for Samsung Electronics.

Samsung Bac Ninh recorded net revenue of VND408 trillion ($17.9 billion) and net profit of nearly VND43 trillion ($1.89 billion), an increase of 5 per cent against 2015.

Samsung Thai Nguyen, meanwhile, recorded revenue of VND495 trillion ($21.7 billion), an increase of 21.6 per cent, while its profit rose 65 per cent to over VND55.5 trillion ($2.44 billion). Its profit has therefore more than tripled since 2014.

In addition, Samsung Display Vietnam (SDV) and the Samsung Electronics HCMC CE Complex (SEHC), after one year of operations, also recorded revenue in the trillions of VND. Net revenue at the four Samsung subsidiaries in Vietnam reached over $46.2 billion and profit nearly $4.4 billion.

Samsung Display officially received an investment license on February 24 for a $2.5 billion expansion at Bac Ninh province’s Yen Phong Industrial Park.

The government has given in principle approval to the expansion, providing preferential treatment available to large-scale projects. Through the expansion, Samsung Display will increase its investment in Vietnam to $6.5 billion. This was also the first billion-dollar project licensed in the country this year.

Samsung Vietnam’s exports recovered in the second quarter, worth an expected $11 billion. The giant targets revenue of $60 billion for the year as a whole, with export turnover of $50 billion. 

VN Economic Times     

Man Utd are unlucky, but their title hopes are over - Martin Keown analysis

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Philippines' Duterte likens himself to Hitler, wants to kill millions of drug users

Although the administration of U.S. President Barack Obama played down the remark, Duterte's comments triggered shock and anger among Jewish groups in the United States, which could create pressure on the U.S. government to take a tougher line with the Philippines leader. U.S. Defense Secretary Ash Carter told a news conference following a meeting Southeast Asian defense chiefs in Hawaii that he personally found Duterte's comments "deeply troubling", though the matter wasn't discussed at the… chat_bubble_outline Read More...

A town rich in VND billionaires

All 600 cow farming households in Moc Chau Town are dong billionaires, with an average income of VND35-40 million a month. Some can earn VND200 million a month. Quite unlike the other mountainous localities which live in poverty, Moc Chau Town, a mountainous district of Son La province, looks beautiful with multi-story houses. Moc Chau Town’s people travel by car and motorbike. Duong Van Noi, a local man, said his milk cow farm, covering an area of 2.4 hectares, has 76 cows, worth VND8… chat_bubble_outline Read More...

Trump says he will back away from business to focus on White House

By Steve Holland and Melissa FaresNEW YORK (Reuters) - U.S. President-elect Donald Trump vowed on Wednesday to step back from running his global business empire to avoid conflicts of interest but gave few immediate details as concern over his dual role mounts ahead of his Jan. 20 inauguration.Trump, a real estate magnate who owns hotels and golf resorts from Panama to Scotland, said he would spell out at a Dec. 15 news conference how he will separate himself "in total" from his worldwide… chat_bubble_outline Read More...

Trump on Twitter: Ford won't move Lincoln assembly to Mexico

DETROIT (AP) — President-elect Donald Trump took to Twitter Thursday night to announce that Ford Motor Co. won't be moving Lincoln production from Kentucky to Mexico.Bill Ford, the company's executive chairman, telephoned him with the news that a Lincoln plant would stay in Louisville, Trump said in the tweet claiming credit for the decision.Ford doesn't have a plant that exclusively builds Lincolns, but it had planned to move production of the Lincoln MKC small SUV out of the Louisville… chat_bubble_outline Read More...

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