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Vietnam: Workers hit hard by mass layoffs

PouYuen Vietnam Company LTD is one of those that have felt the pinch of the economic retreat. The company has announced a plan to terminate 2,300 posts and trim ranks at its Sections C and D in the short term. HÀ NỘI — Many Vietnamese firms are going through rounds of layoffs as the global economic downturn […]

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Vietnam: Agriculture sector sees lower trade value in Q1

The trade value of agro-forestry-fisheries products in the first quarter of this year was estimated at US$20.63 billion, down 11.2 per cent year on year, according to the Ministry of Agriculture and Rural Development (MARD). HÀ NỘI — The trade value of agro-forestry-fisheries products in the first quarter of this year was estimated at US$20.63 […]

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Vietnam: State Bank cuts key rates to spur growth

The State Bank of Việt Nam (SBV) announced it will reduce several policy interest rates from Monday, the regulator announced on its website Friday night. HÀ NỘI – The State Bank of Việt Nam (SBV) announced it would reduce several policy interest rates from Monday, the regulator announced on its website Friday night. “In order […]

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