VietNamNet Bridge – We’ve translated and summarized a series of stories from the local medial about the booming business of brokering marriages between Vietnamese women and Korean men. The stories have triggered hundreds of letters to VietNamNet. Here are typical reader’s comments. As a Vietnamese man, I always protest Vietnamese girls marrying foreign men. The fundamental solution is creating jobs for rural women so they can have stable sources of income and can live in their homeland. If that’s not done, this situation will persist forever, even though the law forbids it. I hope the state can solve the fundamental problem. (Duong Phan) I’m sad. Many girls have not cared about their honor just because of money. Even sadder, Vietnamese law is too loose. (Bui Tan Man) Who will Vietnamese men marry? Korean women … [Read more...] about In a word: Girls – be careful!
Elderly care market
VietNamNet Bridge – With the national economy recovering from the economic downturn, Vietnam needs a profuse and diversified labor force. However, due to many reasons, the supply and demand for jobs in 2010 were severely imbalanced, and experts believe that the imbalance will still be evident in 2011. In early 2010, the labor market witnessed a serious imbalance between the supply and demand, when many companies in industrial zones could not recruit workers to fulfill the export contracts. At that time, the demand for unskilled workers accounted for 71.16 percent of the total demand in the job market. During the middle of the year the labor shortage was then eased thanks to state labor management policies and enterprises’ efforts to increase labor productivity. However, the “supply-demand dephasing” still occur in some business fields. Especially, enterprises seriously lacked unskilled workers and high ranking personnel. Tran Anh Tan, … [Read more...] about Job market in 2011 will still witness supply-demand imbalance
VietNamNet Bridge – Elderly consumers in Vietnam offer manufacturers a potentially large market, currently at 5.6 million customers and growing. But, until now, that market has been largely ignored. A promising market A recent survey by Nielsen Vietnam, a market survey firm, showed that the majority of Vietnamese elderly consumers complained that they could not find suitable products. Up to 43 percent of the 30,000 polled consumers said it is too difficult to find satisfactory nutritious products. Elderly consumers are defined as those aged 65 or higher. Dairy products for elderly people reportedly account for 10-15 percent of the total products available at supermarket chains. These include two foreign brands, Anlene, distributed by Fonterra Brand Vietnam, and Majesty XO of South Korean Nam Yang. Analysts have noted a growing tendency of manufacturers to penetrate niche markets, a strategy which has brought success to many enterprises in the context of stiff … [Read more...] about Enlightened manufacturers “discover” the elderly market
VietNamNet Bridge - The number of people aged 65 years and older in Vietnam is 6.5 million but will increase by 3 times, reaching 18.4 million in 2040, according to the latest report of the World Bank (WB). Illustrative image According to the report Vietnam Economic Situation in the first half of 2016, released on July 19, Vietnam is among the countries with rapidly aging population. Vietnam’s average income is low compared with that of other nations with aging population. The WB said the aging population will affect the country’s labor market, raising many challenges for policy-makers, businesses and the public. To minimize the impact, Vietnam needs to take action in policies on the labor market, pension system, health care, and long-term health care. The WB also forecasts that Vietnam’s GDP growth this year will slow to 6%, lower than 2015 due to impacts from prolonged drought, and salt water intrusion that affected nearly 400,000 hectares of farmland. … [Read more...] about Vietnam to have more than 18 million elderly by 2040
As around 5.6 million Vietnamese aged 65 and above have many unmet needs, retailers and brand marketers have opportunities to better support their health and well-being, according to the latest finding from Nielsen. Between August 16 and September 6, 2013 the global information and measurement company conducted a global survey about aging, which polled more than 30,000 Internet respondents in 60 countries. Forty four percent of the surveyed Vietnamese consumers say they do not see advertising that reflects older consumers. Forty three percent have trouble finding products that meet special nutritional diets and nearly four in 10 cannot find easy-to-read product labels. “These findings serve as a wake-up call to manufacturers, retailers and other marketers that need to bolster efforts to better reach and cater to an aging demographic,” said Todd Hale, senior vice president of consumer and shopper insights at Nielsen. “While the global aging population is growing in … [Read more...] about Elderly profits