Business

Nidec Servo Vietnam, a HCMC unit of Japanese motor manufacturer Nidec Servo, and its workers are in disagreement over salary hikes. Some 1,000 staff of the company went on strike last Thursday over pay and benefit demands. The workers want the factory manager to scrap the flat raise of VND260,000 …

Huynh Van Toan moved back to Ca Mau Province as his company’s orders halved to take up his old job of fishing after nearly 20 years. The 40-year-old and his wife, Nguyen Thi Ngan, 38, worked for Hoang Thong Wood Co. Ltd., in Binh Duong Province’s Di An Town. But …

Banks should not tighten credit to the property sector without a reasonable cause, a decree from the prime minister issued Monday says. Fiscal and monetary policies should be flexible though sudden transitions from tight control to looseness should be avoided, it says. It exhorts government agencies to come up with …

The National Assembly has rejected a proposal by the Ministry of Health to transfer VND802 billion ($34.23 million) of unused funds for building roads. Lawmakers expressed concern about the sum remaining unused, saying it could help workers in the health sector facing difficulties. “Many workers have left the health sector …

The number of foreign visitors in August increased by 38% from the previous month to 486,400 as the tourism industry continued to recover. South Koreans topped the list at 173,000 followed by Americans (139,000) and Cambodians (82,000), according to the General Statistics Office. So far this year the country has …

Businesses in Vietnam spent some US$2 billion on outsourcing services last year, 10% less than in Indonesia but 25% more than in Malaysia. Outsourcing refers to a company hiring a third party to perform certain tasks or handle operations for it. John Antos, vice president in charge of strategy, Asia …

Improving people’s health and hygiene has been a primary objective since the beginning of Unilever, according to Fabian Garcia, Unilever personal care president. In 1995, when Unilever entered Vietnam, the country had barely opened its economy to the world. Over the past 27 years, Unilever’s business strategies in Vietnam have …

The number of passengers at Tan Son Nhat and Noi Bai, Vietnam’s largest airports, during the four-day holiday is forecast to surge by 12 to 20% against normal days. Vietnam will enjoy a four-day break from Sep. 1 to 4 during this year’s National Day celebrations, with millions of people …

P/S from Unilever Vietnam and the Vietnam Odonto-Stomatology Association announced a collaboration for the “P/S Protecting Vietnamese Smiles” program until 2027. The program is a component of a strategic partnership between the two parties for improving oral health and reducing the number of people with oral diseases in Vietnam by …

Prices of gold bars branded SJC on Monday dropped VND250,000 ($10.67) to VND66.55 million per tael, the lowest in a month. Prices of gold bars of other brands like DOJI and Phu Quy dropped further, by VND300,000-350,000. Selling prices of gold rings also decreased VND200,000 to VND51.2 million per tael. …