As many as 28 labor strikes were reported nationwide before and after the Lunar New Year holiday, mostly over salary and benefit conflicts. Although the number of strikes was lower than the corresponding period in 2021, they reveal many major labor issues, said Phan Van Anh, deputy chairman of the …
Read More »China’s Covid restrictions cause 2,000 containers to pile up at border
Nearly 2,000 containers, more than 80 percent with fresh agriculture produce, remain stuck at three border gates with China in the northern province of Lang Son. With China continuing to tighten Covid-19 measures, it would take 10-15 days for them to pass through, Lieu Anh Minh, deputy director of the …
Read More »Experts suggest banks not be involved in economic recovery packages to avoid bad debts
Bank loans should follow existing legal regulations to avoid risks for lenders. Photo baodautu.vn HÀ NỘI — Though enterprises and individuals need the Government’s large economic recovery packages to rebound from the pandemic, the Government should consider limiting the participation of commercial banks in the packages to help them avoid …
Read More »Poor farming practices erode Việt Nam’s competitiveness
A super-intensive shrimp farm. This type of farm can boost farming profits seven to ten-fold due to higher productivity. Photo doanhnghiepkinhtexanh.vn HÀ NỘI — Although Vietnamese shrimps are gaining ground in the international market, it’s just a matter of time before the country loses its competitive advantages due to poor farming practices, …
Read More »Rising petrol prices could put brake on economy: expert
Nguyễn Bích Lâm, former General Statistics Office director. VNA/VnExpress News Photo In just one month, retail petrol prices on the domestic market have increased three consecutive times, with the latest rise on February 11. Escalating oil and gas prices not only increase the cost of goods and services, but also the …
Read More »Hải Dương firm cooperates with Indian partners on large-scale pharmaceutical park
Đại An Urban-Industrial Zone Development Corporation JSC and Indian partners – Sri Avantika Contractor LTD and SMS Pharmaceuticals LTD signed an agreement on developing a Pharmaceutical Park project in the northern province. — VNA/VnExpress News Photo HẢI DƯƠNG — Leaders of Hải Dương on Tuesday witnessed the signing of a co-operation …
Read More »Asia-Africa blocs account for 63 per cent of Vietnam’s trade turnover in 2021
Electronics components are made at Youngbag Co in Bình Xuyên Industrial Zone. Việt Nam’s exports of computers, electronics and components to Asian and African markets hit $27.32 billion in 2021. VNA/VnExpress News Photo Hoàng Hùng HÀ NỘI — The Asian and African markets played an important role in the growth of Việt Nam’s trade thanks to …
Read More »Singaporean bank considers Việt Nam key beneficiary of RCEP
A garment and textile production line for exports. RCEP gives Việt Nam the opportunity to increase exports to its partners. — VNA/VnExpress News Photo HÀ NỘI — Việt Nam is likely to be a key beneficiary of the Regional Economic Comprehensive Partnership (RCEP) regarding tariff reductions and foreign direct …
Read More »Agricultural exports expected to surge this year
Processing aloe vera for export at GC Food Company in Đồng Nai Province. Photo tuoitre.vn HCM CITY — A lot of agricultural exports have taken place after the Tết (Lunar New Year) holidays to difficult markets like Japan, South Korea and Australia, giving exporters hope for a successful year. Nguyễn …
Read More »Samsung to make additional investment in Thái Nguyên
Samsung’s electro-mechanic plant in Thái Nguyên Province. The addition investment has lifted the plant’s total capital to $2.27 billion. Photo courtesy of Samsung HÀ NỘI — A subsidiary of electronic giants Samsung has been given the greenlight to further invest US$920 million in an electro-mechanic plant in northern Việt Nam. Thái …
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