Business News

At present, the retirement age for regular labourers is 60 for men and 55 for women. People who do heavy, hazardous or dangerous work or employees working in a place with harsh living conditions can retire at 55 for men and 50 for women. High-skilled workers work until 65 for men and 60 for women.

Prime Minister Nguyễn Xuân Phúc requested garment-textile and footwear sectors promote the building of Vietnamese brands and supply chain linkages during a working session with the sectors’ representatives in Hà Nội on Monday.

Eco-industrial parks in Vietnam are one solution for green growth and sustainable development. Developing an eco-industrial park helps improve economic performance while minimizing environmental impacts, improving resource efficiency, reducing waste, and fostering green industry development.

Foreign investors are clearly moving their supply chains into Vietnam. In many localities, industrial parks, export processing zones and high-tech zones have prepared necessary conditions to accommodate this investment flow. Our reporter has an interview with Dr. Vo Tri Thanh, Director of the Institute for Brand and Competition Strategy. Thu Ha reports.

Industrial parks (IPs) in the northern province of Vinh Phuc attracted nearly 300 million USD in FDI in the first ten months of this year, equal to 80 percent of the year’s target.

Vietnam will see strong growth in industrial property next year due to higher demand for industrial parks as business expand production or relocate out of China, according to Savills Vietnam.

ASEAN is the world’s third most populous economy and is projected to become the fourth largest economy by 2030. By then, domestic consumption, which powers roughly around 60 percent of ASEAN’s gross domestic product (GDP) today, is expected to double to 4 trillion USD.

Việt Nam’s finance and banking is still attracting foreign investors, but experts said the low ownership ratio of 30 per cent capped for foreign investors was a barrier.