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HCM City: Average Tet bonus rises 10.9 percent

HCM City: Average Tet bonus rises 10.9 percent

The average Tet (New Year) bonus of the upcoming lunar Year of the Dog will be about 10.9 percent higher than last year in Ho Chi Minh City, said Director of the city’s Department of Labour, Invalids and Social Affairs Le Minh Tan on December 29.

HCM City’s IPs draw US$384 million in investment

HCM City’s IPs draw US$384 million in investment

Export processing zones and industrial parks in Ho Chi Minh City attracted about US$384 million in investment in the first six months of 2017, up 39% year on year, including nearly US$160 million of foreign investment, a rise of 24%.

Tet bonuses for workers in HCM City

Tet bonuses for workers in HCM City

As many as 265 businesses in industrial and processing zones of Ho Chi Minh City have revealed bonus plans for workers on the occasion of traditional Lunar New Year 2017.

HCM City investment shifts toward tech

HCM City investment shifts toward tech

With Ho Chi Minh City now discouraging investment in labour-intensive sectors and preferring technology-based industries, investment in its industrial parks and export processing zones decreased by 53.95% year-on-year in the first nine months of this year to US$354.77 million.

HCM City publishes investment handbook to assist businesses

HCM City publishes investment handbook to assist businesses

An investment handbook in different languages is being compiled by the Ho Chi Minh City Export Processing and Industrial Zone Authority (Hepza) to provide businesses with necessary information on local investment procedures.

Despite concerns JA Solar raises investment in solar cell project

Despite concerns JA Solar raises investment in solar cell project

Despite concerns about the feasibility of Chinese JA Solar’s solar cell production project in the northern province of Bac Giang, the investor has committed to increasing the investment capital to US$450 million, US$130 million higher than the initially sum.

Vietnam manufacturing faces critical manpower shortage

Vietnam manufacturing faces critical manpower shortage

VOV.VN - When economic reforms were initiated in 1986, shifting to a more open market economy in line with World Trade Organization guidelines, Vietnam quickly became one of the globe’s chief sources of abundant and cheap labour.

Vietnam risks facing severe labour shortages

Vietnam risks facing severe labour shortages

VOV.VN - Government and business leaders speaking at a recent forum in Ho Chi Minh City have said that Vietnam is at risk of running out of skilled machinists and other manufacturing workers over the next four to five years.

Preferential loans for 15 HCM City firms

Preferential loans for 15 HCM City firms

Fifteen companies situated in HCM City's processing zones and industrial parks have got total bank loans of nearly US$54 million) at preferential interest rates under a programme initiated by the central bank and the Government.

HCM City works to address plunge in FDI

HCM City works to address plunge in FDI

Ho Chi Minh City authorities plan to address business competitiveness and productivity at meetings with investors to respond to the sharp drop in foreign direct investment (FDI) this year.

FDI to HCM City decreases by 38%

FDI to HCM City decreases by 38%

Foreign direct investment (FDI) in HCM City, the country's major economic hub, has fallen 38% year-on-year since the beginning of this year, according to the city's Statistics Office.

HCM City sees increase in job creation

HCM City sees increase in job creation

More than 41,400 new jobs were created in HCM City in the first four months of the year, a year-on-year increase of 0.49 percent, according to a report by the Department of Labour, Invalids and Social Affairs.

FDI helps boost industrial infrastructure

FDI helps boost industrial infrastructure

Foreign direct investment (FDI) capital poured into industrial zones (IZs) has rapidly increased recently, bringing large profits for infrastructure development companies.

HCM City industrial zones investment drops off

HCM City industrial zones investment drops off

Industrial parks and export processing zones in HCM City attracted investment worth US$197.86 million in the first quarter of 2016, a year-on-year decline of 53.4%, according to the HCM City Export Processing and Industrial Zones Authority (HEPZA).

Japanese enterprises keen on investing in Vietnam

Japanese enterprises keen on investing in Vietnam

Japanese enterprises wish to expand their investment cooperation with Vietnam as the country continues to enjoy strong growth, especially after the recent signing of a number of trade deals.