Holding important positions and huge amounts of shares, many businessmen have received salaries and bonuses of hundreds of billions of dong for 2015.
A lot of Vietnamese businessmen nurture plans to ‘do big business’. Some of them have succeeded, while others have tasted failure, but they do not give up, still awaiting new opportunities.
Opening the market widely to foreign investors and developing infrastructure were the two important hallmarks of the Vietnam economy in the last 10 years under the management of the government headed by Nguyen Tan Dung, who has just resigned from the post of Prime Minister.
Exporting laborers must not be seen as a long term solution to the economy, experts have recommended.
International investment funds are preparing billions of dollars to hunt for land in Thu Thiem area in HCM City to develop long-term real estate projects.
Convenience store chains which have been expanded in Vietnam will serve as the important channel for Japanese manufacturers.
With the number of children aged 0-14 accounting for 40% of the population of 90 million and improved living standards, Vietnam has seen an increase in the world’s famous brands.
The US economic presence in Vietnam has been increasing steadily since the normalization of Vietnam-US relations since the 1990s. Russia, which was once the largest trade partner of Vietnam, has also returned.
Hanoians’ dream of owning cheaper cars after the tax cuts under the ASEAN Free Trade Agreement (FTA) may be dashed as local authorities are considering applying a quota scheme in an effort to restrict the number of cars in circulation.
A spokesperson for Song Da No2 Joint Stock Company (SD2) called up a magazine to grumble that steel prices have skyrocketed, pushing up costs for his company by billions of dong since the prices started to rise.