Ontario rent increase 2018

Hosted by the city Department of Industry and Trade, the workshop was also attended by Chairman of the city People’s Committee Nguyen Thanh Phong and Deputy Minister of Industry and Trade Do Thang Hai. Speaking at the event, head of HCMC Institute for Development Studies Tran Hoang Ngan emphasized that major economic sectors which the city gives development priority to have no longer fitted the trend of Industry 4.0. If the city wants to maintain the growth momentum at over 7 percent in coming years, it needs to adjust priority industries as well as develop new industries to suit the trend. Specifically, pharmaceutical chemistry and plastics-rubber are sensitive to the environment and labor intensive, requiring large scale factories but not creating high added value. At present, the narrowing land fund in the city is rocketing rent. Hence, these two industries will suffer heavily competitive pressure. Other industries including garment and textile, leather and footwear, … [Read more...] about HCMC needs to adjust major industries: experts

Vietnam's emerging startup scene is proving to be a case of right place, right time for local and international venture capital funds. Eleven “rising star” startups in Southeast Asia in September converged at the “500 Startups Demo Day” in Ho Chi Minh City to spotlight the dynamic technology landscape in Vietnam and broader Southeast Asia. “There’s more hype about Vietnam’s tech scene now than ever before, as this is an exciting time for Vietnam overall,” said Mr. Eddie Thai, General Partner at 500 Startups Vietnam. “Vietnam is fast becoming an attractive destination for local and international venture capital funds, who are hoping to capture the growing consumer opportunities and leverage the Vietnamese entrepreneurial spirit.” Rising appetite Vietnam’s startup sector is growing at a rapid clip despite the global economic slump and is closing the gap with regional leaders. In only two years, it has made a big leap … [Read more...] about Startups catching the eye

Illustrative image (Source: VNA) Hanoi (VNA) - Steelmaker Hoa Phat Group targets revenue of 55 trillion VND (around 2.42 billion USD) and after-tax profit of 8.05 trillion VND (354.6 million USD) in 2018. The information was released at the group’s annual shareholder meeting held recently in Hanoi with the participation of 368 shareholders, who together hold 77 percent of ordinary shares. Hoa Phat’s management board chairman Tran Dinh Long said the group sees 2018 as a crucial year. The firm would take drastic measures to ensure the progress of the Hoa Phat Dung Quat steel and iron production complex and make it the priority target for this year, Long said. He added that the management board had carefully considered the targets before submitting them to the meeting. The group would implement many big projects this year in their main steel business. In addition, it would be alert for changes in the material market. In other sectors such as agriculture, … [Read more...] about Steelmaker Hoa Phat Group targets 2.42 billion USD in revenue

The positive results posted by Vietnamese manufacturers in support industries over the last 20 years have come mostly on the back of the development of the local motorcycle industry. Despite the government’s policies to limit the number of vehicles on Vietnam’s streets, there have been many opportunities in place for manufacturers to grow, according to Ms. Truong Thi Chi Binh, Vice Chairwoman and Secretary General of the Vietnam Association of Supporting Industries (VASI). “They are willing to be involved further in automobile support industries once volumes in the industry are sufficiently large, along with government support in terms of policies,” she said. Bright side The Export Mechanical Tool JSC (EMC), the Nhat Quang Steel Limited Company, and the Manh Quang Mechanics Co. - three of VASI’s 224 members - have posted good results from the flourishing motorcycle market. Reaching 3.38 million local and imported vehicles in 2018, Vietnam stood behind … [Read more...] about Auto support industries falling short

Đào Quang Vinh, Director of the Institute of Labour and Social Affairs under the Ministry of Labour, Invalids and Social Affairs, talks to Sài gòn Giải phóng (Liberated Sài Gòn) newspaper on challenges and opportunities presented to Vietnamese working people by Industry 4.0 What are the impacts of Industry 4.0 on the Vietnamese labour market? Industry 4.0 has made a big change to the country’s production and supply chains while many new business models have appeared together with new management methods. As a result the demand for the labour force to meet specific job requirements is also subject to change. In such a situation, knowledge, science and creativity will become decisive factors while the capital of human resources has much greater significance than material resources. Recent changes in Việt Nam and the world have shown many jobs have been created in all economic sectors, however, their requirements in … [Read more...] about High demand for skilled workers