Many manufacturers in Vietnam are scratching their heads over worker shortages. A Japan External Trade Organization (Jetro) recent survey over 190 manufacturers from Japan, Taiwan, South Korea and Vietnam revealed that 19 per cent of the total surveyed enterprises were finding it hard to source workers. The survey showed that 32 per cent of the [...]
Deep contents on economic growth issue were raised in the scientific conference “Vietnam economy- Medium term growth potential” held on January 18 in Hanoi by Ministry of Planning and Investment’s National Centre for Socio-economic Information and Forecast, Vietnam News Agency reported. Input factors for economic growth Assistant Prof. Dr Do Van Thanh, Vice Director of [...]
Hanoians were more economical this year during the month before the Lunar New Year festival, resulting in a slower increase in the capital’s consumer price index (CPI). The Hanoi Statistics Office reports that the city’s CPI in January increased only 0.96 percent over the previous month and 16.24 percent against the same period last year [...]
The demand for part-time domestic helpers in big cities such as Hanoi has soared during the run up to Tet, and the cost of hiring help has sky-rocketed as well. Nguyen Thanh Nga, a trader in Hanoi ‘s Cau Giay Street , was so worried about doing all of her household chores and preparing things [...]
Developing countries including Vietnam should prepare for deeper recession as Europe’s public debts and weak growth of some newly emerging economies are making the global growth prospect fade, according to World Bank’s Global Economic Prospects report announced on January 18. Compared with June 2011, WB in this report lowered the growth estimates for 2012 of [...]
Vietnam has achieved an impressive economic growth in spite of domestic economic difficulties and global economic downturn, according to a recent report by HSBC. The country’s GDP in the fourth quarter of 2011 increased by 6.1 percent over the same period last year thanks to strong export performance and growing domestic demand. The GDP growth [...]
Vietnam’s population is predicted to reach over 96.2 million in 2020, with more 63 million in working age, or 9.5 million higher than the current figure. At present, 1.3 million Vietnamese are unemployed, while more than 4.5 million others are seeking part-time jobs. With 9.5 million workers entering the workforce in the next ten years, [...]
Vietnam has achieved an impressive economic growth in spite of the global economic downturn, according to a recent report by HSBC. GDP growth rate in the fourth quarter of 2011 increased by 6.1 percent over the previous year thanks to strong export performance and growing domestic demand, GDP growth rate in 2011 was 5.9 percent [...]
The 10-year record low inflation rate in January has arisen a hope among businesses that the lending interest rates would go down, and business’ difficulties would be eased. CPI increases only by one percent in January 15, 2012 NDHMoney has predicted that the consumer price index CPI in January 2012 would increase only by one [...]
The lack of support industries continues to hamper the nation’s manufacturing sector, which still fails to produce high value-added goods or attract sufficient investment, says Industrial Strategy and Policy Research Institute director Phan Dang Tuat “Without support industries, Viet Nam still can only depend on agriculture,” Tuat said. Without support industries providing accessories and spare [...]
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