Vietnam is in the ‘golden population period’ with a high number of working-age people, expected to last from 2010 to 2040. However, the quality of the labor force is not ‘golden’, say experts.
Graduates from overseas universities tend to require higher salaries than the average level, even though they don’t have much working experience.
The Ministry of Finance’s (MOF) plan to raise taxes has been facing fierce criticism from economists who believe that the real reason behind the plan is not tax reform, but just money to cover expenditures.
The beauty of Dong Thap Province in the Mekong Delta, especially its Dong Thap Muoi inland wetland, has been an inspiration for generations of Vietnamese writers and poets.
Vietnam has exported its first consignment of 300 tons of chicken to Japan, described as a ‘historic milestone’ for the livestock industry.
By the end of November 2016, Vietnam had 324 IZs, including 220 operating with an occupancy rate of 51%, according to MPI’s (Ministry of Planning & Investment) IZ Management Board Department.
La Salsa, Bobby Chinn, Le Petit, and Don’s are luxury restaurants with European cuisine and highly appreciated in Hanoi. On weekends, choose one of the listed restaurants to enjoy a romantic dinner.
Attracting foreign capital will allow Vietnamese pharmacy firms improve their competitiveness and develop the national pharmacy industry. However, analysts warn that the market may fall into foreign hands.
In 2016, total investment value in startups in Southeast Asia reached US$1.5 billion, but less than US$100 million was poured into Vietnam.
Unilever and P&G alone hold up to 80% of the domestic detergent market, pocketing huge profits. With revenue of US$600-650 million a year and growth rate of 10%, the Vietnamese detergent market is very attractive to manufacturers.