Domestic labour market shows rosy signs in Q4 Society

Domestic labour market shows rosy signs in Q4

Business and production activities are expected to pick up in the last three months of a year, thus helping with the recovery of the labour market from the negative impacts of the COVID-19 pandemic. Therefore, the unemployment rate is likely to drop and labourers’ income is expected to rise in the last quarter of this year, experts said.
Fintech firms concerned about foreign ownership cap Business

Fintech firms concerned about foreign ownership cap

A draft regulation put forward by the State Bank of Vietnam (SBV) that would limit the foreign ownership rate in the payment intermediary service sector to 49 percent was discussed at a workshop in Hanoi on December 12.
Vietnam benefits from firms’ moving out of China Business

Vietnam benefits from firms’ moving out of China

Vietnam, boasting complete infrastructure, abundant industrial property on offer and a line-up of inked free trade pacts, is an attractive destination for world’s leading corporations, who are shifting production out of China due to high costs, said real estate consulting company CBRE Vietnam.
Vietnam looks to promote franchise market Business

Vietnam looks to promote franchise market

The Ministry of Industry and Trade (MoIT) has licensed 17 foreign enterprises specialising in franchises to operate in Vietnam so far this year, according to statistics from the ministry.
Vietnam commits to improving investment environment: PM Business

Vietnam commits to improving investment environment: PM

The Vietnamese Government commits to building a more favourable and competitive investment environment towards international standards and in accordance with commitments to high standards the country has made in new-generation free trade agreements (FTAs), said Prime Minister Nguyen Xuan Phuc on October 4.
Some banks enter new rate race Business

Some banks enter new rate race

Some commercial banks have entered a new interest rate hike race to lure medium- and long-term deposits, pushing the rate to a record high of more than 9 percent per year.
Malaysia’s investments slightly fall ASEAN

Malaysia’s investments slightly fall

Malaysia recorded investments totalling 150.8 billion RM in in the first nine months of 2016, a slight drop from 156.6 billion RM in the same period last year