The Hanoitimes – As its labor cost is equal and even higher than other countries, Vietnam will have to replace the cheap labor advantage for the skilled workforce advantage in the coming time to raise the competitiveness. Vietnam’s low labor cost appeal to foreign investors is facing decline due to a rapid rise in minimum wages […]
Read MoreThe Hanoitimes – In 2016, the average consumption of beer and liquor in Vietnam was 8.3 liters, much higher than the global average (about 6.5 liters in 2017) and the trend increasingly hiked, up by 90% over the past seven years and much higher than the global average, at 10%. The prices of beer and alcohol […]
Read MoreThe Hanoitimes – Vietnam lacks two million logistics workers, according to the Vietnam Logistics Research and Development Institute. Nearly 30,000 logistics businesses are operating in Vietnam, of which domestic businesses accounted for 89% but hold merely a 20% market share, meanwhile foreign-owned and joint venture peers accounted for 11% but take the upper hand with a […]
Read MoreVIENTIANE (Vientiane Times/ANN) – The Lao government has set a target of reducing the trade deficit with Vietnam to about US$227 million this year, with the country producing more products for export. The value of imports from Vietnam to Laos is expected to touch US$985.3 million, and Laos plans to achieve exports of US$757.9 million, according […]
Read MoreThe Hanoitimes – YouTube remains open to discuss future content agreements with Yeah1, but its access to multi-channel network (MCN) privileges – such as the channel roll-up tool, Content ID, and CMS – will remain suspended. Vietnam’s leading entertainment group Yeah1 on May 22 announced YouTube’s decision of terminating the two companies’ cooperation. “Pursuant to the […]
Read MoreThe Hanoitimes – The Vietnamese retail market would hardly attract more European retail groups in the mass segment due to the harsh competition. Large Western retailers namely Metro, BigC, Auchan have left Vietnam due to inappropriate business strategy, fierce competition with local and regional peers and the rapid growth of e-commerce, Ho Chi Minh City Law […]
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