Thailand: new foreign workers law hinders rice exports

  • Garment sector fulfils yearly target

Beyond expectations The export value of footwear is expected to tumble by 15 percent, wood products by 12 percent and seafood by 8 percent. Despite a fall in major markets such as the European Union and the US, garment exports to Australia, the Republic of Korea, Saudi Arabia, Canada and Singapore grew again, especially for Japan after the Vietnam-Japan Economic Partnership Agreement took effect. The US, which buys up 55 percent of Vietnam’s garment exports, imported nearly US$5 billion worth of Vietnamese garments, down by 5 percent against 2008. However, the decline was still much lower than that of China,…... [read more]

  • Training high-quality human resources requires coordinated efforts

Short of high-quality human resources In 2010, there is a critical lack of human resources in industrial zones, says Dr Nguyen Phuong Nam, deputy head of the Hanoi Processing and Industrial Zone Management Department. To meet the growing demand of businesses, the department often has to move to other provinces such as Ha Nam, Nam Dinh and Bac Giang to seek personnel, he added. Previously, foreign businesses mainly recruited female high-school graduates aged 18-35, but now, due to a severe shortage of labour, they agree to accept those who only finished secondary school, Mr. Nam noted. According to Vu Vinh…... [read more]

  • Garment sector cashes in on bulk orders

Orders for leather and footwear sector up 16 percent The reason for this is a shortage of labour in China for labour-intensive industries. Chinese people’s living standards have improved with the average GDP increasing to more than US$3,000 per capita and career choices have also changed. As a result, many customers turn to good quality Vietnamese leather and footwear products at reasonable prices. As manufacturing costs in Vietnam are very low, labourers’ incomes have not improved compared to other sectors. It is very important to devise long-term solutions to attract more labourers to the sector. Currently, the rate of processing…... [read more]

  • Making Vietnam a strong marine-based economy

The “Vietnam’s Sea Strategy up to 2020” aims to turn Vietnam into a strong marine-based economy, with the marine economy accounting for 53-55 percent of the Gross Domestic Product (GDP). Located on the Gulf of Tonkin Economic Belt, the Northeastern region of Vietnam, with Hai Phong and Quang Ninh at its centre, has taken advantage of its natural potential to develop the marine economy. It is now a strategic region for international and domestic business activities and a gateway to the seas of the Northern Vietnam key economic region. Taking full advantage of the sea potential For more than 100…... [read more]

  • Product quality-powerful for exports in 2011

2011 export turnover to increase Of that figure, export from foreign-invested sector (not including crude oil) is estimated to earn about US$38 billion, accounting for 48.7 percent of total exports and up 13 percent compared to 2010. Fishery export is expected to reach US$6 billion, rice 6.5 million tonnes, coffee 1.2 million tonnes and rubber 800,000 tonnes. He also said that in 2011, export-import activities could see favourable conditions thanks to the recovery of international economy, especially those of Vietnam’s traditional export markets. Besides, under the leadership of Government and Prime Minister, measures to promote export and control trade deficit…... [read more]

  • Product quality - a lever for exports in 2011

2011 export turnover to increase Of that figure, export from foreign-invested sector (not including crude oil) is estimated to earn about US$38 billion, accounting for 48.7 percent of total exports and up 13 percent compared to 2010. Fishery export is expected to reach US$6 billion, rice 6.5 million tonnes, coffee 1.2 million tonnes and rubber 800,000 tonnes. He also said that in 2011, export-import activities could see favourable conditions thanks to the recovery of international economy, especially those of Vietnam’s traditional export markets. Besides, under the leadership of Government and Prime Minister, measures to promote export and control trade deficit…... [read more]

  • Cashew industry manages to raise export value

Vietnam earned US$1.35 billion from exporting 166,109 tonnes of cashew nuts last year, an increase of 20.13 percent in value but a drop of 16.46 percent in volume. The US remained the biggest importer of Vietnamese cashews, followed by the EU and Asia. China is the largest importer of the Vietnamese product in Asia. However, cashew processors and exporters are facing many difficulties this year, including a shortage of working capital and labour, and a fall in overseas demand, said Vinacas Chairman Nguyen Thai Hoc, at a conference held in HCM City on February 29. The ongoing economic crisis has…... [read more]

  • Domestic helpers in high demand as Tết approaches

Viet Nam News HÀ NỘI - Nguyễn Thị Hoa is 44 and has three children, the youngest of whom is 16 years old. She has been working as a domestic helper over the past 10 years, with the hope of earning enough money to support her family's day-to-day life and her children's education, and to save for the future. As a domestic helper, Hoa will be looking after someone else's family, leaving her own children in the care of her relatives. She will only be able to see her children once every three months. But she has decided to not…... [read more]

  • Phú Thịnh-Nhà Bè Garment to halt production

HÀ NỘI - Phú Thịnh-Nhà Bè Garment Joint Stock Company's management board has agreed to halt its apparel manufacturing business from early next year, as well as to de-list all its 2.2 million shares on the Hà Nội Stock Exchange. This decision is sought to overhaul its operations which have been declining since 2012. Net profits of the HCM City-based garment company dropped from VNĐ7.5 billion (US$330 million) in 2012 to an estimated loss of over VNĐ2 billion in 2016. This year is the first time this company has reported a loss. Its sales decreased 21.5 per cent year-on-year to…... [read more]

  • Lao PM dialogues with VN investors

VIENTIANE - Lao Prime Minister Thongloun Sisoulith vowed that his Government would create the most favourable conditions for Vietnamese investors, during his first-ever dialogue with the Vietnamese business community in Laos. The talks, held in Vientiane on Friday, provided a venue for Vietnamese investors to directly discuss with the Lao government the difficulties and obstacles they face while doing business in Laos. The most-heard complaints include procedures for granting investment licences; land use and ground clearance policies; problems with import and export of goods and temporary import and re-export services; taxation, related fees and tax refunds; human resources and visas…... [read more]




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