Footwear giants flock to Vietnam Business

Footwear giants flock to Vietnam

Global footwear brands like Adidas, Nike and Puma are increasingly turning to Vietnam for their manufacturing needs due to its affordable labour costs and free trade agreements.
Vietnam pledges to strictly handle violations of IP rights Business

Vietnam pledges to strictly handle violations of IP rights

The market management force of Vietnam is committed to strictly handling violations of intellectual property (IP) rights so as to create an optimal environment for foreign investors, including those from the Republic of Korea (RoK), an official of the Ministry of Industry and Trade (MoIT) has said.
Firms encouraged to engage strongly in regional development Business

Firms encouraged to engage strongly in regional development

The Greater Mekong Sub-region (GMS) Business Summit, which opened in Hanoi on March 30 on the sidelines of the sixth GMS Summit as an initiative of Vietnam, has created an opportunity for governments to hold dialogue with enterprises and development partners, and encourage their stronger engagement in GMS activities.
Workers face daunting Industry 4.0 challenges Business

Workers face daunting Industry 4.0 challenges

State-owned enterprises and local businesses should pay due attention to training workers for the fourth industrial revolution (Industry 4.0) so that they are not rendered redundant, experts said.
EVN told to handle loss-making projects Business

EVN told to handle loss-making projects

Deputy Prime Minister Vuong Dinh Hue has requested the Electricity of Vietnam (EVN) to review loss-making projects to ensure investment flows for its production and business.
Obstacles hinder automated petrol stations Business

Obstacles hinder automated petrol stations

All 2,400 gas stations owned by the Vietnam National Petroleum Group (Petrolimex) are designed to accommodate cash free purchases and can switch to an automated pay model to help reduce labour costs, especially late at night, said Bui Ngoc Bao, Petrolimex’s Chairman.
Millions need retraining to compete with robots Business

Millions need retraining to compete with robots

Nearly 5 million workers in the textile, electronics and retail sectors will be affected by the technology movement, according to a survey by the Chamber of Commerce and Industry of Vietnam (VCCI) on labour market trends.