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Vietnam struggles to suppress wave of layoffs

As many as 500,000 workers have lost jobs, stopped working, or have had their working hours cut in 40 cities and provinces, according to the Ministry of Labor, War Invalids and Social Affairs (MOLISA).

Visa policy loosened, Vietnam eager to welcome arrivals

Vietnam wants to become a luxury tourism market to receive high-spending and long-staying travelers. The new visa policy is the first step to help Vietnam receive new sources of travelers.

Obtaining a high growth rate is a must: MPI

Vietnam has vowed to gain a high GDP growth rate every year despite difficulties around the globe, as this has been the only way to narrow the development gap with other countries.

American, Vietnamese companies' work cultures have different values

“We held a cooperation agreement signing ceremony. The US side organized the event at a normal restaurant, while the Vietnamese side expected the ceremony to be a big and solemnly organized event,” Ann Huynh said.

Forming raw material areas is a crucial factor for craft villages’ development

Traditional craft villages and rural industries not only create jobs and bring economic value to rural workers, but also are a convergence and crystallisation of historical and cultural values ​​of that land and local people.

To tax or not to tax: survival of gaming industry depends on ministry

Vietnamese game firms have called on the Ministry of Finance (MOF) to rethink the intention to impose luxury tax on games, saying that the tax will cause Vietnamese games to lose competitiveness and the home market controlled by pirated games.

On Tinder, there are both lovers and cheaters

Tinder has become a rendezvous for many Vietnamese, especially youth who love selfies and technological devices. However, many of them have "tasted bitterness" after trying to find real love.

Muong ethnic artisans preserve craft on the verge of being forgotten

Dating back many centuries, the craft of making dó (poonah) paper of the Mường ethnic people living in Suối Cỏ Hamlet in Cao Sơn Commune, Lương Sơn District in Hòa Bình Province has been passed down for many generations among the group.

Generation Z facing problems in the workplace

Since graduating, Kim Xuyen, 24 has already changed jobs four times for various reasons. Sometimes it’s due to boring tasks, a lack of opportunities for skill development, or the company’s inability to meet their personal needs.

Government urged to control imports, protect domestic production

Experts have expressed concern about the rapid increase in imports in recent years, saying that while Vietnam has opened its market widely, it has not applied any measure to control imports.

Coc Coc CEO embraces challenges of AI

While admitting that Coc Coc AI Chat was launched when AI-based chatbots have no clear business model, Coc Coc CEO Nguyen Vu Anh still believes that Coc Coc should not stand outside the trend, for the sake of users’ benefits.

Agriculture sets records, tourism recovers, disbursement speeds up in H1/2023

Satisfactory results have been reported about Vietnam’s economy in the first half of the year. The GDP growth rate of 6.3-6.7 percent for 2023 appears within reach.

Bright spots in challenging market

Amidst the overall gloomy economic conditions faced by manufacturers in both local and international markets, a few businesses are showing positive signs of growth, managing to navigate through challenges to expand their operations.

Global businesses laud growth in Vietnam

Despite instability in the banking system and the constant periodic raising of interest rates, Vietnam still emerged with an impressive GDP growth rate in 2022 and a positive forecast for 2023.

Imports flood Vietnam, reducing domestic production

The market opening and tariff removals under the framework of free trade agreements have paved the way for foreign products to flood the domestic market. But Vietnam has no technical barriers to protect domestic production.

Drought in the wetland

The Mekong Delta region has previously endured two severe seasonal droughts caused by El Niño in 2015-2016 and 2019-2020.

Famous ‘pho’ restaurant owner brings the dish to island soldiers for free

Vu Ngoc Vuong from Nam Truc district of Nam Dinh province is famous for running a chain of ’pho’ (rice noodle soup with beef or chicken) restaurants in Hanoi, selling around two to three thousand bowls daily.

Growth target beyond reach?

As external factors – like weaker consumption in the U.S. and EU markets and stagnant recovery in China – are unfavorable, Vietnam will have to make the most of the domestic market in the second half of the year to achieve the growth target of 6.5%.

Many FIEs suffer losses, pay modestly to State budget

More than 25,000 foreign-invested enterprises (FIEs) exist in Vietnam, compared to nearly 800,000 local firms. But the FDI companies are the main players in most fields.

Chinese micro electric cars enter Vietnamese market

Vietnamese like the convenience and practicality of micro electric cars which allow them to travel within the city, but the high prices and the lack of smart technologies may keep them from buying, analysts say.