Tran Anh Tuan, deputy director of the HCMC Center for Human Resources Forecasting and Labor Market Information, cited an ILO report as saying that the risk of losing jobs has increased in the 4.0 industrial revolution era.
The construction industry is experiencing good days thanks to the warming up of the real estate market.
While some experts warn that a real estate bubble could occur in 2019, others believe there is no need to worry.
More foreign retailers have flocked to Vietnam as they believe the market is promising. But many retailers have had to leave because of stiff competition.
Central Highlands’ some years ago rushed to grow macadamia trees after hearing about huge profits the plant could bring, though they did not know if the plant could thrive in the local soil and climate conditions.
More money has been injected into the e-commerce market, while leading e-commerce firms have expanded.
Vietnam will have solutions to restrict the effects of any future global economic downturn, according to General Statistics Office’s director Nguyen Bich Lam.
Vietnam’s policy on tightening control over import and decreased domestic consumption as well as exports in the Republic of Korea (RoK) have prompted Korean investors to set their car part production bases in Vietnam.
The strong rise of online sales has brought great opportunities to the transport industry, especially light cargo transport.
Most Vietnamese paper plants have a capacity of less than 10,000 tons per annum, while foreign plants’ capacity is 50 times higher.