Vietnamplus

High levels of redundancy and a low ratio of skilled workers are major problems for fulfilment of the labour market development strategy for 2011-20.

UK newspaper, the Financial Times, on July 26 ran an article saying that Vietnam ’s attractive investment environment, especially its cheap labour costs and political stability, are persuading foreign companies to choose it as the best destination in the region for their investments.

Vietnam's craft gift suppliers are gearing up for robust sales growth for the remainder of the year, after weathering a challenging export climate last year, according to Kearny Alliance, a US-based non-profit organisation that helps businesses in developing countries.

Several member countries of the Association of Southeast Asian Nations (ASEAN) have emerged as Vietnam’s leading investment partners after a few invested small amounts of capital in the country 20 years ago.

Vietnam and Japan hold a big opportunity for cooperation in shipbuilding as the world’s second largest economy is recovering and the Southeast Asian country’s shipbuilding industry boasts various potentials.

More foreign direct investment in the garment and textile industry in recent months is a positive sign for the economy, but it poses challenges for domestic producers, experts have said.

In the first four months of the year, Vietnam granted investment certificates to 18 FDI projects, valued at a total of 20 million USD, in the garment and textile sector.

Vietnam is the most attractive investment destination among ASEAN member nations for Japanese businesses, according to a survey conducted by the Japan External Trade Organisation.

The survey found 58 percent of Japanese enterprises want to expand their business in Vietnam, which is a positive sign for both countries in the context of global economic turmoil.

The southern economic hub of HCM City this year aims to attract 8.4 billion USD in foreign direct investment, according to the city's Department of Planning and Investment.