In order to avoid the middle-income trap, Vietnam needs to change its strategy on attracting foreign direct investment (FDI). FDI attraction over the last 30 years hasn’t succeeded as expected. As of the end of 2021, Vietnam had attracted $408 billion worth of FDI, ranked 18th in the world and second in Southeast Asia. Though […]
Read MoreA Vietnamese enterprise once had to pay compensation for an entire consignment of products to the Japanese partner after a few hairs were found in some packages of products. Malaysia was a traditional market of Binh Duong-based Agri Development Co Ltd. In the past, as the company regularly exported chili to the country. However, in […]
Read MoreHanoi has set a goal to train 2,000 companies and home business owners, civil servants and students in e-commerce skills this year. With the growing development in e-commerce, the demand for human resources in Vietnam is on the rise and forecasted to surge faster in two- or three-year time, according to local insiders. The explosive […]
Read MoreVietnam’s logistics industry has yet to have its potential fully tapped, and the country needs timely solutions to meet the surging demand for logistics infrastructure. A survey by Savills Vietnam showed that the logistics industry is enjoying significant growth thanks to the expansion of the national economy, manufacturing sectors, and e-commerce. Vietnam ranked 11th in […]
Read MoreFollowing exchange fluctuations, Vietnamese seafood exporters are now faced with catastrophic changes in their orders, forcing them to lower export prices or find other solutions to stay competitive in the long run. Following exchange fluctuations, Vietnamese seafood exporters are now faced with catastrophic changes in their orders, forcing them to lower export prices or find […]
Read MoreThe average annual income of overseas Vietnamese workers is VND200 million and guest workers send $10 billion a year to relatives in Vietnam. However, labor quality remains problematic. A recent interview with former Israeli Prime Minister Ehud Barak left deep impressions on me. When asked what he would advise Vietnam to do to develop rapidly […]
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