The Business Times: Vietnamese salary ranks 8th in ASEAN

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• Vietnamese salary ranks 8th in ASEAN
• TPP to tighten copyright rules
• Fruit and vegetable industry looks to bright future
• Signing huge contracts, exporters feel both joy and worry
• Vietnam targets high growth to 2020
• Wooden furniture manufacturers still cannot exploit advantages
• VASEP: Shrimp export to earn $3.3 billion in 2016
• Commercial banks told to develop retail banking or die
• EVN boosts implementation of nuclear power plant projects
• To develop aviation manufacturing, Vietnam urged to begin with simple steps

Vietnamese salary ranks 8th in ASEAN Posted: 12 Feb 2016 08:59 AM PST Competition for high-quality labor will become tougher when the ASEAN Economic Community (AEC) is formed, and with relatively low salaries of the Vietnamese, ranked 8th in ASEAN, the trend of labor shifting from Vietnam to other countries may take place, said Ms. Ha Thi Minh Duc, Deputy Director of the International Cooperation  of the Ministry The post Vietnamese salary ranks 8th in ASEAN appeared first on Vietnam Business News.

TPP to tighten copyright rules Posted: 12 Feb 2016 08:58 AM PST Hundreds of thousands of enterprises in Vietnam mat face lawsuits due to tough regulations on copyright protection stipulated in the Trans-pacific Partnership. The Trans-Pacific Partnership (TPP) includes many intellectual property provisions that member states must follow. If found in violation of these rules, enterprises will face criminal charges. For example, the TPP's Article 15 on The post TPP to tighten copyright rules appeared first on Vietnam Business News.

Fruit and vegetable industry looks to bright future Posted: 12 Feb 2016 08:55 AM PST Vietnam is emerging as a key player among the world’s major agricultural exporters thanks to its large reserves of arable land suitable for crops, radical economic reforms and aggressive trade policies. In 2015, the nation's fruit and vegetable exports expanded to hit US$2 billion, an all-time high, and managed to gain some traction in some The post Fruit and vegetable industry looks to bright future appeared first on Vietnam Business News.

Signing huge contracts, exporters feel both joy and worry Posted: 12 Feb 2016 08:52 AM PST Though having received orders big enough to ensure jobs until mid-2016, Vietnamese export companies still are not satisfied. Ta Quang Huyen, director of Hoang Son 1 Company in Binh Phuoc province, said the company has signed contracts on exporting cashew nuts until May 2016. "The world market has high demand for Vietnamese cashew nuts with The post Signing huge contracts, exporters feel both joy and worry appeared first on Vietnam Business News.

Vietnam targets high growth to 2020 Posted: 12 Feb 2016 08:51 AM PST Viet Nam aims to achieve annual average economic growth of 6.5 per cent to 7 per cent through 2020, striving to turn itself into an advanced industrial country soon, according to the Resolution of the 12th National Party’s Congress. The Resolution, approved and made public at the end of the nine-day long National Congress of The post Vietnam targets high growth to 2020 appeared first on Vietnam Business News.

Wooden furniture manufacturers still cannot exploit advantages Posted: 12 Feb 2016 08:47 AM PST Wooden furniture manufacturers enjoy preferences thanks to a zero percent import tariff applied by many big export markets. However, very few enterprises can exploit the advantages. One of the names in the group of businesses that export products under their own name is AA Corporation, which provided interior furniture to 5-star hotels and cruise ships. The post Wooden furniture manufacturers still cannot exploit advantages appeared first on Vietnam Business News.

VASEP: Shrimp export to earn $3.3 billion in 2016 Posted: 12 Feb 2016 08:45 AM PST The Vietnam Association of Seafood Exporters and Producers (VASEP) forecasts that shrimp exports will reach 3.3 billion USD in 2016, up 12 percent from 2015. The sector saw a surge in the first month of this year, up 8 percent from the same period last year, according to VASEP. Shrimp prices also saw a slight The post VASEP: Shrimp export to earn $3.3 billion in 2016 appeared first on Vietnam Business News.

Commercial banks told to develop retail banking or die Posted: 12 Feb 2016 08:44 AM PST Commercial banks have to compete with many rivals, from financial companies to fintechs, companies that provide financial services based on technology platforms.  Deputy Governor of the State Bank Nguyen Phuoc Thanh, when speaking at a year-end conference some days ago, advised commercial banks to develop retail banking, or they would have to yield to rivals. The post Commercial banks told to develop retail banking or die appeared first on Vietnam Business News.

EVN boosts implementation of nuclear power plant projects Posted: 12 Feb 2016 08:01 AM PST Electricity of Vietnam (EVN) has seen implementing component projects in preparation for the building of the Ninh Thuan Nuclear Power Plants, the first of their kind in Vietnam. According to Pham Minh Tuan, Deputy Director of the Ninh Thuan Nuclear Power Project Management Board, EVN is investing in six out of 10 component projects under The post EVN boosts implementation of nuclear power plant projects appeared first on Vietnam Business News.

To develop aviation manufacturing, Vietnam urged to begin with simple steps Posted: 12 Feb 2016 08:01 AM PST Vietnam should begin developing the aviation manufacturing industry with small and simple steps, experts have said.  The civil aviation manufacturing industry includes three fields – manufacturing equipment for land services; making equipment that serve flight control; and making components and accessories for aircrafts. Regarding equipment for land services, Vietnam has companies that have made maintenance The post To develop aviation manufacturing, Vietnam urged to begin with simple steps appeared first on Vietnam Business News.

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