Economy

Wage growth outpacing labor productivity growth in Vietnam

Friday, 15 September 2017 09:42

Wage growth outpacing labor productivity growth in Vietnam In the period from 2004 to 2015, average wage and labor productivity increases in Vietnam were different from those seen elsewhere in Asia, Mr. Nguyen Duc Thanh, President of the Vietnam Institute for Economic and Policy Research (VEPR), told a workshop entitled “Labor Productivity and Wage Growth in Vietnam” held by VEPR on September 13 in Hanoi.
 

Unprofitable ethanol projects see light at end of tunnel

Thursday, 14 September 2017 09:21

Unprofitable ethanol projects see light at end of tunnel  With the state’s policy of using E5 biofuel throughout the country from early 2018, ethanol projects that have been unprofitable will resume their operations, according to PetroVietnam’s CEO Nguyen Vu Truong Son. 
 
 

US raises anti-dumping duties on Vietnam’s frozen catfish fillets

Thursday, 14 September 2017 09:17

US raises anti-dumping duties on Vietnam’s frozen catfish fillets The US Department of Commerce (DOC) has imposed anti-dumping duty of 2.39 USD per kilogramme on frozen tra fish fillets which were imported from Vietnam between August 1, 2015 and July 31, 2016 following its 13th administrative review (POR 13). 
 
 

Positive trend forecast for banking sector in H2

Thursday, 14 September 2017 09:16

Positive trend forecast for banking sector in H2 Following an improvement in the first half of the year, the positive performance trend would continue for the banking industry in the second half thanks to high credit growth and supporting policies on settling non-performing loans (NPLs).
 
 

VASEP plays down concern over slump in shrimp exports to U.S.

Thursday, 14 September 2017 09:11

VASEP plays down concern over slump in shrimp exports to U.S. U.S.-bound shrimp shipments in the year to July had dipped 5.5% to US$344.7 million, but the Vietnam Association of Seafood Exporters and Producers (VASEP) said the decline was not cause for concern as general seafood exports still fared well.
 
 

Coconut farming languishing

Wednesday, 13 September 2017 09:44

Coconut farming languishing Exports of coconut-based products are sluggish due to challenges and difficulties facing the coconut processing industry and coconut cultivation, according to the Ben Tre Province Agricultural Promotion Centre.
 
 

Vietnamese retailers stay outside competition of single-price chains

Wednesday, 13 September 2017 09:42

Vietnamese retailers stay outside competition of single-price chains Hypermarkets, supermarkets and convenience stores are competing with single-price chains which have been cementing their positions in Vietnam.
 
 

HSBC: Easily-achievable credit growth may turn risky

Wednesday, 13 September 2017 09:40

HSBC: Easily-achievable credit growth may turn risky A 21 per cent credit growth target could be easily achieved, given the current pace of credit growth and the rate cuts in July, but the misallocation of credit towards less productive industries, such as real estate and State-owned enterprises (SOEs), at the expense of small and medium-sized enterprises (SMEs), will eventually affect credit quality, HSBC said in its latest report.  
 
 

Waste treatment problem hinders coal power plant development

Wednesday, 13 September 2017 09:39

Waste treatment problem hinders coal power plant development As Viet Nam develops its thermal power plant system to meet increasing energy demands, the country faces a new environmental risk arising from the waste generated by those plants.
 
 

Equitisation of SOEs from perspective of foreign investors

Tuesday, 12 September 2017 09:13

Equitisation of SOEs from perspective of foreign investors Equitisation of State owned enterprises (SOEs) has progressed well in 2011-2016 and the first eight months of 2017 thanks to various ministries and sectors, economic groups and localities getting onboard, said an official from the Ministry of Finance.
 
 

Consumers increasingly tech-savvy: Nielsen

Tuesday, 12 September 2017 09:13

Consumers increasingly tech-savvy: Nielsen Vietnam is home to a growing number of tech-savvy “connected consumers” that global corporations will increasingly seek to court, according to a study conducted by Nielsen in cooperation with Demand Institute.
 
 

Too many barriers stifl startups

Tuesday, 12 September 2017 09:12

Too many barriers stifl startups Analysts say that the ecosystem for startups is not well organized to give substantial support to entrepreneurs.
 
 

Banks’capital adequacy in danger of plunging

Tuesday, 12 September 2017 09:10

Banks’capital adequacy in danger of plunging State Bank of Viet Nam statistics show that the average capital adequacy ratio (CAR) of the banking sector has been consistently falling since the beginning of this year. 
 
 

Carlsberg eyes at least 51% of Habeco

Tuesday, 12 September 2017 09:10

Carlsberg eyes at least 51% of Habeco Danish brewer Carlsberg is keen on increasing its stake in the Hanoi Beer Alcohol and Beverage Corp. (Habeco) to at least 51 per cent, a local news website has reported, citing an executive from Habeco.
 
 

Retail rides ‘ideal potential’ to surge

Tuesday, 12 September 2017 09:09

Retail rides ‘ideal potential’ to surge A rise in Vietnam’s retail and consumption service revenue reflects growing local purchasing power and retail-related activities.
 
 

Local firms fret over overlapping management of organic products

Monday, 11 September 2017 13:38

Local firms fret over overlapping management of organic products  Many companies have voiced their concern about a draft Government decree on management of organic produce, as it may make the management of agricultural product chains overlap, heard a recent seminar in Hanoi.
 
 

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