Over 100,000 workers needed in city towards year-endThai Ngoc By Thai Ngoc - The Saigon Times Daily HCMC - Many enterprises in HCMC are launching massive recruitments, with more than 100,000 workers to be employed towards the year-end to fulfill their orders. This month alone, factories in export processing zones and industrial parks in the city need over 2,000 workers and their demand may rise to 6,000 in October, said Bui Thanh Ngoc, deputy director of the Center for Job and Enterprise Supporting Service of HCMC Export Processing and Industrial Zones. Furukawa Automotive Parts Vietnam Inc. (FAPV) in Tan Thuan Export Processing Zone in District 7 is seeking 200 female workers but will recruit nearly 1,000 workers towards the year-end, according to the company’s personnel department. FAPV does not set high requirements for laborers as it will provide training for them. Newcomers can earn VND3.5-3.8 million a month in the initial time. Nissey Vietnam, which is also located … [Read more...] about Over 100,000 workers needed in city towards year-end
Year end marketing report
In his closing speech on November 29, NA Chairman Nguyen Sinh Hung described the year-end legislative meeting as an event of special importance, following the approval of the revised 1992 Constitution and a resolution on key socio-economic development tasks for 2014, alongside regular legislation and supreme oversight.He noted the revised Constitution asserts the Party’s leadership for the State and society, and demonstrates the belief, will and aspirations of the majority of people toward the Party.It requires all Party organizations and individual members to be closely connected with the people, serve the people, be put under the people’s supervision, take responsibility for their decisions, and work under the Constitution and law. The Constitution promotes human rights, citizens’ rights and obligations, and their mastery in developing and perfecting the State apparatus, exercising political, civil, economic, cultural, social, national defence, security, foreign … [Read more...] about NA completes working agenda in year-end session
The 13th National Assembly convened its year-end session on October 20 to review national socio-economic development in 2011 and set major targets for 2012.According to the chairman, the national economy has not developed in a sustainable manner, high inflation has not been kept under control, and people, mostly State salary recipients, have still lived hard lives.Meanwhile, the global economy has slowed down and the public debt crisis is spreading far and wide in Europe along with political instability in the Middle East and North Africa.The local and global complications require us to have high determination and find effective solutions to fulfil the goals of reining in inflation, stabilizing the macroeconomy, ensuring social welfare and restructuring the economy closely linked to renewing the growth model, said Mr Hung.During this session, he said, policymakers will assess a Government report on socio-economic situation for the 2005-2010 period and in 2011, as well as its projected … [Read more...] about NA holds year-end session in Hanoi
At the year-end meeting, Mr Dan said lawmakers will discuss the implementation of the country’s socio-economic development tasks and budget spending in 2009, tasks and budget allocations for 2010. They are expected to pass bills on the elderly, medical treatment, telecommunications, radio frequency, militia, natural resource tax, and amendments to some articles of the Education Law, the Value Added Tax Law and the Corporate Income Tax Law. They will also debate other bills on the State Bank of Vietnam (revised), credit organisations (revised), land and housing tax, child adoption, the enforcement of criminal verdicts, energy use and saving, people with disabilities, posts, trade arbitrators, and food safety. The deputies will examine reports on the implementation of key national projects, including the Dung Quat No1 Oil Refinery, the Son La Hydro-electronic Power Plant, the plantation of 5 million hectares of forests, and the Ho Chi Minh National Highway. They will decide on … [Read more...] about NA’s year-end session to open on Oct. 20
The Vietnamese dong might be weakened by two percent; interest rate in the banking system likely to further decrease; prices of gold and stocks may fluctuate; therefore, capital - according to experts – might be channelled into the real estate market. The ground for this estimation is an increasing number of apartments offered to the market, and referring to statistics of market analysing companies, the number of successful transactions is quite high. Improved liquidity According to CBRE’s report on Hanoi market in the third quarter (QIII), the number of complete apartments in the reporting period reached 13,000. The number of successful transactions is considerably improved in comparison with that of QII, this is a good signal for project owners. From the beginning of October, many projects of commercial apartments, from high segment, middle segment to low one have offered products. Latest, the real estate exchange floor union G5 has started to sell high class … [Read more...] about Where Is Year-End Capital Flowing to?
According to the research department of Wall Street Securities Joint Stock Company, the VN-Index and the HNX-Index dropped 13 % and 20 % in the year to the end of September, respectively. Will the market gauges regain their losses in the remaining two months of 2010? What factors will support and spur the market? Weak support According to the government-run General Statistics Office (GSO), Vietnam's GDP in the first nine months of 2010 expanded 6.52 % from a year earlier, the highest growth rate reported monthly. In its Asia Development Outlook Update 2010, the Asian Development Bank (ADB) raised Vietnam’s growth forecast for 2010 from 6.5 % to 6.7 %, while lowering the inflation projection in 2010 to 8.5 %. In general, the report rated the Vietnamese economy positively. However, this factor is only expected to keep the market from falling further. In the first 9 months, more than 140 companies listed shares on the country’s bourses. The new listings, … [Read more...] about Year-end Stock Market 2010: Can We Regain What Has Been Lost?
On the very final days of the year, the Northwest is immersed in the vibrant colour of peach flowers and traditional costumes of local ethnic people are seen at the markets. The exciting atmosphere washes away the coldness of the winter, greeting a warm and new year getting closer and closer. To be able to attend the market fair, a lot of people have to leave home very early, some have to spend the whole day travelling to the market and some have to depart two or three days prior to the market day. On the market day, people coming from all directions pour into the fair-ground, making it more and more crowded. All types of home-made products, including farming equipment, embroidered costumes, foodstuff and animals, are brought to the market, on horseback and in baskets carried on the backs of local people. There is no doubt that the year-end fair is the most crowded one of the year. Coming to year-end fairs gives observers a better insight of unique features of local ethnic … [Read more...] about Year-end Market in the Northwest
The company’s reported income for 2016 reached VND15.826 trillion (US$713.94 million), accounting for 107 per cent of its planned earning and 197 per cent of its 2015 income.SCIC’s rate of return on equity in 2016 was 19.9 per cent, 1.24 times more than its annual target.According to the company’s year-end report for 2016, its business goals were all surpassed and bettered in comparison with 2015.These results were achieved through SCIC’s listing of Vietnam Dairy Products Joint Stock Company (Vinamilk), which sold 5.4 per cent of total shares and earned VND11.286 trillion, 28 times more than the initial price. With each share being sold at VND144,000, SCIC raked in an added value of more than VND800 billion, higher than the market price of VND133.700 at the end of the session. Its total earning from the Vinamilk deal was valued at more than VND11 trillion.In addition to its sale of State capital for annual listed enterprises, SCIC also traded shares at several … [Read more...] about SCIC discloses year -end income report
Foreign visitors enjoy local market. Going green: Women buy dong leaves to wrap cakes for Tet. Snap happy: A tourists chats with a local woman. Drink and be merry: The Mong men eat and drink over the holiday period, while the women shop. … [Read more...] about Dong Van celebrates year-end market day
VietNamNet Bridge – The heavy floods in Thailand have led to the computer hardware prices increasing continuously. The computer market in the year-end sale season is gloomy because the price has become double. Hardware price up, computer gets more expensive The prices of computer hardware have increased dramatically recently, because of the interrupted supply from Thailand, which provides 45 percent of the total number of hardware worldwide, according to IDC. Western Digital alone has 60 percent of computer hardware made at the factories in Thailand. The short supply of hardware has affected the Vietnamese computer market. According to Lai Van Van, Business Director of Infoland, which specializes in trading computer accessories, said that the hardware price has increased by 30-40 percent just within a short time. Especially, at some moments, the price jumped by 100 percent. Meanwhile, Thegioididong.com, Vien Thong A, Phong Vu or Bach Khoa Computer have reported the price … [Read more...] about IT product year-end market: hardware get more expensive, computers unsold