A business acumen

Attempts to recruit labor are encountering difficulties since former workers have moved to other work or returned home to the countryside. Some enterprises have had to temporarily extend work shifts in order to make up the shortfall. In the long run, some businesses may move out of the cities to take advantage of available local labor resources. … [Read more...] about Labor shortage hampers business attempts to put foot forward

Each business will be provided with a virtual store on the site to share information and images of their goods, said Huynh Quang Hien, Operations Manager at the Centre for Business Studies and Assistance (BSA). He expects the site will be well-received by customers. … [Read more...] about E-commerce site for high-quality Vietnamese goods debuts in HCMC

HCM City (VNA) - Garment, food processing, pharmaceuticals, information technology (IT), construction materials, and renewable energy are fields of potential where businesses from Vietnam and India can bolster investment in the time to come. This view was shared at the India-Vietnam Investment Forum, held jointly by the Indian Consulate General in Ho Chi Minh City, the Private Economic Development Research Board, the Investment & Trade Promotion Centre of HCM City, and VinaCapital Group on January 22 in HCM City. Don Lam, deputy head of the Private Economic Development Research Board and CEO of VinaCapital, said Vietnam’s private sector continues to expand despite the COVID-19 pandemic. Nearly 135,000 new enterprises with combined capital of 2.2 quadrillion VND (95 billion USD) were set up last year, a 29 percent increase in registered capital compared to 2019. Vietnamese businesses, both large and small, are ready for economic recovery and development, he said, adding … [Read more...] about India-Vietnam Investment Forum held in HCM City

Hanoi (VNA) - While 2020 is believed to have changed the real estate industry, trends in the sector this year are forecast to sustain or be aligned with demand in the market. Trang Bui, a senior director at JLL Vietnam, said one of the five main trends in 2021 is “city in the city” and “integrated real estate”, which are popular in large-scale projects. Vietnam’s property market is becoming more mature, with buyers increasingly interested in a healthy and sustainable living environment rather than simply a place to live. To attract buyers, developers are, therefore, building residential areas with a range of facilities to help future residents steer clear of problems caused by rapid urbanisation and outdated public infrastructure. A plus in any large-scale project is the ability to provide different types of housing for many potential groups of buyers, Trang said. The second trend is the result of a shift to working from home, fuelled by the COVID-19 … [Read more...] about Five trends identified for real estate market in 2021

Hanoi (VNS/VNA) - Vietnam's birds nest exports are expected to swell in the coming years. According to Deputy Minister of Agriculture and Rural Development Phung Duc Tien, procedures needed to export bird’s nests to China are almost completed. Vietnam expects to ship the first batch of this product to China in the first quarter of 2021, the world’s largest bird’s nest consumption market. Do Tu Quan, head of the Vietnam Swiftlet Farming Association, said the total output of unprocessed bird’s nests is expected to reach 160 tonnes in 2025. Most of the output will be exported to China to the tune of 100 tonnes, earning 150 million USD. The remaining 60 tonnes will be processed to 42 tonnes of clean bird’s nests. Of which, it expects to ship 16.8 tonnes of clean bird’s nests to Singapore and 8.4 tonnes to the US with export values of 58.8 million USD and 29.4 million USD, respectively. The rest of the clean bird’s nests will be consumed in … [Read more...] about Bird’s nest exports set to soar in coming years