What is business acumen mean

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

HCM City (VNA) - Promoting consumer finance and simplifying procedures for loan applications would be a priority for commercial banks, financial companies and microfinance institutions as part of efforts to limit black credit, a conference heard in Ho Chi Minh City on January 20. Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu considered abolishing black credit as one of the important tasks that has been continuously implemented across the whole credit institution system in Vietnam. In recent years, the SBV and credit institutions in localities have been cocoordinating with the Ministry of Public Security and local authorities in implementing drastic measures to limit black credit. In the future, the SBV will continue improving the awareness of local people about credit policies, loan packages and procedures for loan applications so that local people could easily access bank loans. Meanwhile, the State Bank will study and soon complete legal documents … [Read more...] about Promoting consumer finance to fight black credit: experts

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