Business News

Investing in logistics and applying lean management are considered two of the solutions to optimise the supply chain, helping domestic garment and textile firms to solve the issues related to warehousing operations to save costs and increase competitive capacity.

Nha Trang, Danang, and Phu Quoc are witnessing a boom in the condotel business segment. However, in Vietnam, the trend now is of short trips and self-discovery drives, and these places do not really fit the bill. However, Ho Tram Strip and its new addition, Ramada Kahuna, are the next promising destination for investment in condotels.

The Ministry of Justice is carrying out the Prime Minister's Directive 01/CT-TTg on rectifying and strengthening land management and building land information system. To achieve this objective, the ministry has conducted a review for revision of legal regulations on land access. This matter has a great impact on business rights and business performance and land access is a problematic area and receives a lot of recommendations from investors.

An increase in the minimum wage moved a step closer yesterday after the National Wage Council agreed to increase basic salaries. The committee confirmed they will look at a rise of more than 5 per cent compared to last year.

“The lack of transparency hardly creates confidence while credit is built on trust. Insufficient trust plus the lack of collaterals and an unfeasible business projects causes credit institutions to say 'No' to small and medium-sized enterprises (SMEs),” said Dr Vu Tien Loc, President of the Vietnam Chamber of Commerce and Industry (VCCI), at the Forum on Solutions to Boost Fund Sources for SMEs recently held by the Business Forum Newspaper in Hanoi.

The HCM City real estate market will be positive from now until the Lunar New Year in early 2019, according to HCM City Real Estate Association (HoREA). The year-end is usually the time when Vietnamese buy property.

Reading Corner is a bookshelf that sits in the corner of a small primary school. This library solution is perfect for schools that lack a room that can be dedicated to a Reading Room. Globes and educational toys are also donated. Each library we donate has a wide range of local language children's books including history, science, short stories, fairy tales, books for very young readers, children's dictionaries, children's reference books, an assortment of comic books and a full set of children's encyclopedias.

A range of policies on educational links with foreign educational establishments, cooperation and association in the production and sale of farm produce and gas business come into effect since August 1.