Business

Vietnam leads Southeast Asia in salary growth

Vietnam leads Southeast Asia in salary growth

Vietnam leads Southeast Asia in terms of salary growth with a 5.1 percent increase expected in 2020, according to a report by ECA International.

National Assembly approves budget targets for 2020

The National Assembly on Tuesday passed a central state budget allocation resolution for next year, including a budget expenditure of around VND1.1 quadrillion (USD47.8 billion).

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Nearly 1,500 fake bags with famous brands seized in Hanoi

Around 1,500 counterfeit bags and wallets bearing international famous brands have been detected at a shop in Hanoi.

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USAID helps Vietnam prevent illegal transshipment

The United States Agency for International Development in Vietnam, together with the Ministry of Finance and the Ministry of Trade and Industry convened a workshop on international best practices to prevent origin fraud.

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Fashion brand closes following fake label accusations

Popular women clothing brand Seven.AM has closed its stores in Hanoi after authorities seized thousands of products for investigations into their allegedly replacing made-in-China labels with Vietnamese alternatives.

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Vietnam Airlines set to add 230,000 extra seats for Tet holiday

The national flag carrier Vietnam Airlines announced on November 12 that it will be putting on an additional 190,000 seats on domestic routes in order to meet the increasing travel demand during the Lunar New Year (Tet) period from

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Vietnamese rice crowned world’s best title

Vietnam’s ST24 rice variety was recognised as the World's Best Rice this year.

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Vietnam learns from Sweden’s experience in developing low carbon circular economy

Sweden’s experiences in developing a low carbon circular economy were shared with the Vietnamese side during a seminar jointly held by the Swedish Embassy in Vietnam and the Vietnamese Ministry of Natural Resources and Environment.

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As many as 706 enterprises, 85 percent of 832 listed companies on the Vietnamese stock market, generated profits during the third quarter of this year.

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The Government’s foreign debts have been declining sharply and under the Government’s control, Deputy Prime Minister Vuong Dinh Hue said while chairing a meeting with leaders of some ministries, sectors and the National Financial Supervisory Commission.

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Foreign financial institutions were eyeing up poorly-performing Vietnamese banks after being given the green light to acquire stakes in local institutions in a move to speed up the restructuring of the country’s banking industry, according to banking expert Nguyen

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Vietnam had 12,327 people with USD3 million to below USD30 million in net assets by the end of 2018, up 23% over the past five years and the figure is projected to reach 15,776 people by 2023.

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Many banks have seen their service earnings accelerate, buoyed by increasing investment for the business segment and rising market demands.

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Vietnam has set a target to restrain inflation at below 4% in 2019, however, there may be challenges.

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