Retail News CRM

Tag: Vietnam

  • Vietnam Airlines among world’s top 20 carriers

    Vietnam Airlines among world’s top 20 carriers

    National flag carrier Vietnam Airlines has been honored in the Top 20 World’s Best Airlines for 2025 by AirlineRatings and won the “World’s Best Value Premium Economy” award for the second consecutive year.

    These accolades highlight the airline’s consistent quality and service across its entire network, regardless of flight distance or class. The retention of the “World’s Best Value Premium Economy” title underscores its excellence in this segment.

    Sharon Petersen, CEO of AirlineRatings, praised Vietnam Airlines for its balance of quality and value, stating that since Jan. 14, 2025, it has expanded its premium economy class to domestic routes, offering passengers enhanced privileges.

    Dang Anh Tuan, Deputy General Director of Vietnam Airlines, said: “The awards reflect our relentless efforts to improve service quality and motivates us to continue innovating and delivering world-class experiences. We remain committed to meeting and exceeding the ever-growing expectations of customers.”

    AirlineRatings.com, a global aviation safety and product rating agency, evaluates over 435 airlines based on service, seating, meals, comfort, and passenger feedback.

    Vietnam Airlines joins other top carriers like Korean Air, Qatar Airways, and Singapore Airlines in the prestigious Top 20 list.

  • Vietnam labor export firms expand to new markets

    Vietnam labor export firms expand to new markets

    Labor export companies are shifting their focus to new markets such as Poland and Australia to find job opportunities for workers.Eastern Sea Labor Export, Services, and Trade (Estrala) in HCMC has been partnering with businesses in Poland and Germany in the last several months to connect them with Vietnamese laborers.

    The company is in the process of sending 100 workers to Poland with an average monthly income of US$1,000, including insurances.

    They will work in the fruits and food packaging industry. Healthy individuals who are in the age of 20-50 with a high school diploma are eligible.

    Workers get weekends off and provision of accommodation, transportation, and meals. They have the option to extend their contracts after two years.

    Estrala offers free English language training and assist workers in acquiring low-interest bank loans.

    It is also transporting workers to Germany for short- and long-term contracts in the food industry.

    “We are expanding to new markets to offer more choices for workers and reduce our dependency a single market,” said Nguyen The Dai, deputy CEO of the company.

    While Estrala has been sending workers to Japan for years, recently it has been facing challenges in this market due to the decline of the yen and increasing competition with other labor exporters.

    Dai said that Europe has a strong demand for labor and countries in the continent offer competitive salaries with robust welfare benefits.

    Germany is an attractive destination for Vietnamese workers as the food packaging industry offers a monthly base salary of EUR2,700 (US$2,761).

    Workers can even bring their spouse and children to the country where they can enjoy free healthcare and education along with an opportunity for long-term residency.

    Another new labor market is Australia, where the Vietnamese government has selected six companies to implement a labor export program in the agriculture sector.

    “This is an opportunity for Vietnamese workers in a new market,” said Nguyen Duc Nam, chairman of the International Manpower Supply and Trading Jsc (Sona), one of the six selected firms.

    The company was approved by Australian authorities thanks to its capabilities, extensive experience in agricultural labor markets, recruitment strategies, overseas worker management plans, and a commitment to not charging service fees to workers.

    Nam said that the Department of Overseas Labor is developing standard contract templates for companies to negotiate with Australian partners, and Sona is studying Vietnamese workers’ demand to build a strong supply for this market.

    Starting this year, Australia will accept around 1,000 Vietnamese workers annually, with basic monthly salaries ranging from AUD3,200 to 4,000 (US$1,960-2,450), before living expenses are deducted.

    Pham Viet Huong, deputy head of the Department of Overseas Labor, said that alongside traditional markets such as Taiwan, Japan, and South Korea, Vietnam is actively expanding into new markets.

    Labor cooperation has been a key agenda item in high-level meetings. Vietnam has already signed agreements – or is in the process of doing so – with countries like Germany, Greece, Finland, Poland and several Nordic nations, he said.

    Other potential markets are France, Denmark, and Spain, where Vietnamese companies are actively seeking partnerships before government-level agreements are achieved, he added.

    Over 650,000 Vietnamese workers are employed in more than 40 countries and territories, sending home an estimated US$3.5-4 billion in remittances annually, official data show.

    Taiwan, Japan, and South Korea remain the top three destinations, with Japan leading for five consecutive years in terms of Vietnamese worker intake.

    South Korea offers the highest earnings, with monthly salaries ranging from US$1,600 to 2,000, followed by Japan (US$1,200-1,500) and Taiwan (US$800-1,200), according to the 2023 Vietnam Migration Profile, released by the Ministry of Foreign Affairs’ Consular Department in late October last year.

    Some European countries offer similar income levels.

    Middle Eastern countries and Malaysia report lower wages: around US$600-1,000 for skilled workers and US$400-600 per month for unskilled workers.

  • Uber competitor Bolt starts recruiting Vietnamese drivers

    Uber competitor Bolt starts recruiting Vietnamese drivers

    Bolt, Europe’s first homegrown ride-hailing company and Uber’s main competitor in the continent, is now recruiting management staff and drivers in HCMC.

    The company’s website, which now offers Vietnamese as a language option, allows candidates to register as drivers for a weekly income running into millions of dong (VND1 million = US$39.40).

    Founded in 2013 in Estonia, Bolt now operates in over 50 countries with services ranging from ride-hailing and car rentals to food and grocery delivery.

    It claims to have 4.6 million drivers and delivery partners serving over 200 million users globally.

    Vietnam’s ride-hailing market is projected to reach $880 million in 2024 and grow at a compounded annual rate of 19.5%, hitting $2.16 billion by 2029, according to Indian market research firm Mordor Intelligence.

    Its major competitors now include Grab, Xanh SM and Be.

    Last year Indonesia’s Gojek exited Vietnam after six years in the country, while Uber had pulled out in 2018.

    Lees ook:

    Lees ook:

  • Vietnam nuclear power program needs 2,400 workers for revival, shortage feared

    Vietnam nuclear power program needs 2,400 workers for revival, shortage feared

    Vietnam needs around 2,400 engineers, scientists and other personnel to revive its defunct nuclear program with two plants in Ninh Thuan Province, but officials flag a likely shortage.

    A typical nuclear power plant with two reactors requires 600-1,200 personnel, according to the International Atomic Energy Agency, Ly Quoc Hung, director of the Department of Science and Technology, said at a forum Thursday.

    Another 350 people with expertise in nuclear development and regulations are needed, he added.

    The National Assembly approved last November revival of the nuclear program eight years after it was scrapped.

    Nuclear power is expected to help Vietnam diversify its energy sources, ensure energy security and meet its net zero target by 2050.

    But it lacks personnel in terms of both numbers and capability, particularly scientists, according to a report by the Department of Science and Technology.

    The number of professors in nuclear science and technology is limited, and the facilities and equipment available for teaching and research are outdated, it said.

    When the Ninh Thuan nuclear power project was being considered in 2010, the government planned to produce 2,400 engineers and 350 master’s and doctoral graduates in nuclear power and send 13% of them overseas for training.

    While 55 Vietnam Electricity engineers were sent to Russia and Japan for training, most quit the state-owned company or have shifted to other areas after the program was binned in 2016.

    Human resources are critical to the success of the program, Minister of Industry and Trade Nguyen Hong Dien said.

    He emphasized the importance of proactive planning to churn out scientific, technological and technical personnel.

    “This is not just about the program but about building a nuclear power ecosystem and technology for the future.”

    He has directed relevant agencies to make plans for meeting personnel requirements and creating specialized training programs by the first quarter of 2025.

    “The Ministry of Industry and Trade and the Ministry of Education and Training will establish standardized training programs for nuclear power personnel.”

    Lees ook:

  • Vietcombank Remittance named best remittance company in Vietnam

    Vietcombank Remittance named best remittance company in Vietnam

    Vietcombank Remittance was honored as “Remittance Company of the Year – Vietnam” for the third consecutive time by Asian Banking & Finance on Dec. 24.

    This achievement affirms the quality of services and the growth of Vietcombank Remittance, recognizing the company’s efforts and demonstrating its position in both the domestic and international remittance markets.

    Vietcombank Remittance is the only remittance company in Vietnam to organize the Client Conference for three consecutive years successfully. This year’s event featured participation from strategic partners in Taiwan, South Korea, the United States, and several other countries, highlighting the company’s role in fostering international cooperation and collaboration.

    The company consistently supports government agencies in developing policies to enhance remittance resources. Vietcombank Remittance actively participates in programs organized by the Overseas Vietnamese Committee of Ho Chi Minh City to promote collaboration among stakeholders and increase the efficiency of remittance flows. The company has also significantly contributed to Ho Chi Minh City People’s Committee’s project on “Optimizing the Effectiveness of Remittance Resources.”

    Vietcombank Remittance is committed to collaborating with the Ho Chi Minh City People’s Committee to implement specific initiatives such as supporting the improvement of policy mechanisms and facilitating convenient conditions for overseas Vietnamese to send money home. It collaborates closely with regulatory agencies to create clear legal frameworks and facilitate the use of technology in remittance operations.

    The company is leading initial efforts to establish the Vietnam Remittance Association to elevate the industry’s position on the international stage. This association is expected to serve as a bridge between the government, businesses, and the overseas Vietnamese community, ensuring policies are geared toward sustainable development.

  • Vietnam Introduces Decree 163 to Modernize Telecom Services

    Vietnam Introduces Decree 163 to Modernize Telecom Services

    The decree, comprising seven chapters and 86 articles, is applicable to both domestic and foreign entities involved in telecommunications activities in Vietnam. While most provisions took effect on December 24, 2024, regulations specific to data centers, cloud computing, and internet-based basic telecommunications services will be enforced starting January 1, 202

    According to the Telecommunications Authority under the Ministry of Information and Communications, Decree 163 is a significant step in operationalizing the Telecommunications Law. It aims to foster market growth, enhance competition, and promote the development of advanced and integrated telecommunications infrastructure.

    Additionally, the decree supports the modernization of subscriber registration processes, including online registration, aligning with the nation’s digital transformation goals.

    These provisions aim to accelerate digital infrastructure and economic growth while ensuring public safety and cybersecurity.

    Decree 163 stipulates the rights and responsibilities of foreign service providers under a light management framework, striking a balance between regulatory oversight and market flexibility. It also mandates the secure handling of user data shared during service agreements and emphasizes the secure utilization of these services by government entities.

    Standardized Digital Transformation

    As part of Vietnam’s digital transformation strategy, Decree 163 brings significant changes to mobile subscriber management processes:

    • Telecom providers are now authorized to enable online registration through mobile applications.
    • Subscriber information must align with the National Population Database.
    • Registration for additional SIM cards requires OTP verification for added security.
    • Identity verification during registration may utilize video call technology.

    To promote fair competition, the decree sets clear criteria for identifying dominant telecommunications companies and outlines their obligations.

    It also introduces rules for managing prepaid mobile cards, mobile accounts, and the resale of telecom services. These measures are designed to reduce risks, prevent misuse, and ensure compliance with regulations for mobile payment systems.

    The decree prioritizes the advancement of telecommunications services and infrastructure while safeguarding public safety and information security. It encourages business innovation and competition while addressing the challenges posed by emerging technologies with a balanced and responsible approach.

    Lees ook:

    Lees ook:

  • Hanoi aims to create 169,000 new jobs in 2025

    Hanoi aims to create 169,000 new jobs in 2025

    Hanoi plans to create 169,000 new jobs, reduce urban unemployment rate to below 3%, and increase the proportion of trained workers to 75% in 2025, its People’s Committee said.

    The city will implement policies and solutions to support the comprehensive recovery and development of the labor market, with a focused and targeted approach.

    Vu Thu Ha, the committe’s vice chair, said to achieve the targets, the city will focus on ensuring social welfare, developing the labor market, and strengthening the workforce.

    At the same time, efforts will be made to promote economic growth, improve the quality of human resources, and raise the efficiency of job-creation loan programs funded by the city budget through the Vietnam Bank for Social Policies’s Hanoi branch, the official added.

    A total of 255 job fairs are planned throughout the year, aiming to create 50,600 job opportunities, including 4,600 positions overseas.

    The People’s Committee has asked the Department of Labour, Invalids, and Social Affairs to take measures to boost the labor market, create jobs, and continue sending workers abroad.

    In 2024, the city generated about 225,000 new jobs, surpassing the set target by 36.3%. The number of participants in mandatory social insurance exceeded 2.1 million, an increase of 4.5% compared to 2023. Meanwhile, 107,000 people joined voluntary social insurance, a rise of 21.2% year-on-year.

    Lees ook:

    Lees ook:

  • No entertainment shows, only movies for Netflix in Vietnam

    No entertainment shows, only movies for Netflix in Vietnam

    Starting Monday Netflix will remove all entertainment and reality shows from its platform in Vietnam and only distribute film-related content to comply with local laws.

    The U.S.-based streaming service would only show films that have been classified, the Authority of Broadcasting and Electronic Information said in a recent release.

    In Vietnam, film and entertainment shows fall under different categories and are subject to different regulations.

    Distributors of entertainment shows need to set up a company in Vietnam, but film distributors do not.

    Netflix has to remove content entertainment and reality shows such as “Love on the Spectrum,” “Longest Third Date” and “Down For Love.”

    After the decree on entertainment shows came into effect in 2023, some platforms withdrew from Vietnam, including U.S.-based Amazon’s Prime Video service which shut down in October after a seven-year presence.

    China’s Iqiyi was flagged the same month for distributing entertainment shows since it has registered only to provide film-related content.

    The broadcasting authority said last year that the enforcement of such regulations aims to ensure fair competition between domestic and international television businesses.

    Earlier foreign platforms benefited from regulatory gaps, with some avoiding taxes or distributing prohibited content, it said.

    “New regulations, issued to ensure fairness, have caused some companies to cease operations in Vietnam,” Le Quang Tu Do, the authority’s director, said at the time.

    “Adjusting business models to comply with local laws is a routine part of doing business.”

    Lees ook:

  • IT salaries for managers economy-leading in 2024

    IT salaries for managers economy-leading in 2024

    IT managers in Vietnam earn a median salary of VND52 million (US$2,048), the highest in any sector, while pay for employees with less than a year’s experience has declined.

    Recruitment platform TopCV released its 2024 annual labor market report, highlighting that while demand in the IT industry shows “signs of slowing,” it remains a critical sector and with a talent shortage offering significantly higher salaries than others.

    The report, based on a survey of 3,000 businesses and workers and analyses of 300,000 job postings as of late October, revealed a 1% drop in demand for IT professionals from last year. But experienced and highly skilled candidates remained highly sought after.

    This trend was reflected in salaries. Employees with less than one year of experience earned a median salary of VND11 million, down from VND15 million in 2023, while team leaders and those with four or more years of experience earned VND35 million. For managers and department heads, salaries surged to VND52 million, a nearly 30% increase.

    The salary figures are based on median values, which represent the midpoint in a range and offer a clearer picture than averages when salaries vary significantly.

    The IT and software industry reclaimed the top spot in this year’s salary rankings. In 2023 the insurance industry had led with a median managerial salary of VND50 million, VND10 million higher than in the IT industry. This year managerial salaries in most other sectors were VND26-39 million, significantly lower than in IT.

    But despite the high salaries, TopCV noted, there were challenges in the IT recruitment market primarily due to the limited candidate pool. Around 55% of surveyed businesses reported a shortage of highly skilled professionals, while 49.7% expressed readiness for intense talent competition and willingness to offer attractive benefits to secure top employees.

    On the employee side, “job-hopping” remains prevalent, with 34.1% of IT workers citing lower pay compared to competitors as the main reason for leaving. Another 29.5% pointed to a lack of career advancement opportunities, and 19.5% said their values no longer aligned with those of the company leadership.

    But the report found that “changing jobs no longer guarantees higher income for IT professionals,” with fewer than 10% reporting salary increases of 3-5% after switching roles. Job seekers also faced new challenges like requirements to know a second language, multitask and acquire new skill sets.

    Lees ook:

    Lees ook:

  • Vietnamese investors turn to Bitcoin as it crosses psychological $100,000 mark

    Vietnamese investors turn to Bitcoin as it crosses psychological $100,000 mark

    As Bitcoin hovers around the US$100,000 mark, many investors are embracing cryptocurrency to diversify their portfolios.

    Lam Vu, inspired by a friend’s success in Bitcoin investments, recently sought his advice. The friend had bought Bitcoin at US$36,000 in June 2021, sold at over US$60,000 four months later to earn a profit of VND33 million (US$1,299). Vu was encouraged to act before Bitcoin’s “big wave” of growth. However, his friend suggested waiting for a potential correction to below US$95,000.

    Ngoc Anh is also exploring Bitcoin. An investor for the past year she is diversifying her portfolio and sees cryptocurrency as a promising option. “I believe Bitcoin will soon become a primary and widely accepted global currency,” she says. She plans to adopt a systematic investment plan (SIP) strategy, investing consistently each month, to average out costs in the long term.

    She says this approach, which she has applied to mutual fund investments over the past two years, will suit her by reducing the stress caused by Bitcoin’s price volatility. She believes Bitcoin will recover from any dips and steadily increase in value over time.

    Bitcoin’s value has surged by 130% this year to around US$100,000, with a market capitalization of US$2 trillion. It is now the seventh largest global asset by market cap, trailing gold and tech giants Apple, Nvidia, Microsoft, Amazon, and Alphabet.

    In an interview with VnExpress, Le Sy Nguyen, Vietnam country manager at the cryptocurrency exchange Bitget, says Bitcoin’s milestone has boosted trading volumes for both Bitcoin and altcoins on the world’s third largest derivatives exchange.

    Nguyen advises investors to proceed cautiously and do thorough research, citing risks such as market volatility, regulatory uncertainty and management challenges. He adds that an SIP is a practical way to accumulate Bitcoin while mitigating volatility. He also advises new investors to focus on consistent investments, avoid emotional trading and regularly monitor market developments.

    Global asset manager BlackRock Investment Institute recommends allocating 1-2% of portfolios to Bitcoin, likening its risk profile to that of the “Magnificent Seven,” which includes major tech stocks like Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla. However, BlackRock warns that allocations exceeding 2% significantly increase risk, noting Bitcoin’s history of steep declines, including losses of 70-80% since its inception in 2009.

    Many investors have faced severe losses during Bitcoin’s downturns. Trung Tin, initially a casual cryptocurrency investor during the pandemic, became addicted to trading as his profits surged. At his peak, he invested over VND1 billion, depleting his savings and borrowing from friends. The November 2021 market crash wiped out his funds.

    Refusing to accept the reality of his losses, the HCMC-based startup owner borrowed more from family, friends, colleagues, and business partners in a desperate attempt to recover his investments. “I dug my own grave when I borrowed money to trade derivatives with 125x leverage,” he laments. “Within two weeks I had to sell my car and land to repay debts. It was a horrifying experience, especially as it happened just weeks before Lunar New Year.” He says to this day he feels anxious whenever cryptocurrency is mentioned.

    According to The Washington Post, therapist Aaron Sternlicht observes that crypto trading can be more addictive than gambling, largely because of its 24/7 market access. While cryptocurrency addiction is not officially recognized as a mental health disorder, researchers at Rutgers University in New Jersey have noted a rise in addicted traders. Excessive trading, driven by the prospect of massive returns, often mirrors gambling behavior.

    A 2024 survey by Coin68 platform involving over 2,700 Vietnamese found that nearly 44% reported losses in cryptocurrency investments. Of the 56% making a profit, those avoiding derivatives and focusing on long-term strategies earned 10% more on average than their counterparts.

    The derivatives market remains a source of significant losses. This trading method allows investors to speculate on cryptocurrency price movements without owning the asset, and incorrect bets often lead to a wipeout. During the recent Bitcoin price peaks hundreds of millions of dollars were lost. Experts strongly advise new investors to avoid derivatives trading.

    Cryptocurrencies remain unregulated in Vietnam, which experts say hampers sustainable growth and transparency. The lack of a clear legal framework, and the resultant absence of adequate protections unlike in traditional financial markets, exposes investors to risks such as fraud and market instability, complicating the development of this asset class.

    Lees ook:

    Lees ook:

  • Vietnam becomes top banana supplier to China

    Vietnam becomes top banana supplier to China

    Vietnam has surpassed the Philippines to become the largest banana supplier to China with a 40.7% market share in the first eight months.

    China increased its imports from Vietnam by 19.6%, according to data from its customs department, while cutting its imports from the Philippines by 39.2%. Unfavorable weather and diseases reduced the Philippines’ banana output this year and pushed up prices, according to its Ministry of Industry and Trade.

    This allowed Vietnamese exporters to claim a bigger share.

    Aeon supermarkets in China earlier this year began selling only Vietnamese bananas and stopped stocking imports from the Philippines and Taiwan.

    Some other retailers have also followed suit.

    Exporters say Vietnamese bananas have reliable quality and quantity and competitive prices, with the country’s proximity to China helping reduce logistics costs.

    Vietnamese companies have been trying to meet China’s strict quarantine standards, resulting in higher exports.

    But there are also challenges in selling in China.

    Vo Quan Huy, CEO of agriculture export firm Huy Long An, said banana prices there sometimes fluctuate hugely, with local produce flooding the market during harvest season and sending prices tumbling.

  • Vietnam needs $14B to develop EV charging stations

    Vietnam needs $14B to develop EV charging stations

    Vietnam will need nearly US$14 billion to develop a network of charging stations to develop a green transport system, said insiders.

    This is expected to reduce greenhouse gas emissions, and create great tremendous opportunities for the electric vehicles (EV) market.The transition to EVs is a huge effort toward Vietnam’s net zero goal and environmental protection, and it will also boost the national economy, especially in reducing oil import costs and creating millions of jobs.

    According to a report from the World Bank, for EVs to become mainstream, especially among first-time car buyers, the charging station system plays a key role. It is estimated that Vietnam needs $2.2 billion by 2030 to build a network of public charging stations, and this figure will increase to $13.9 billion by 2040, and $32.6 billion by 2050 to meet most of the population’s EV demand.

    With the rapid development of EV technology and the trend towards green transportation, the demand for this type of vehicles is expected to increase strongly in the near future. It is predicted that more than 2.8 million EVs will be consumed from 2024 to 2035, and another 3 million in the 2036 – 2050 period if the development of the charging station network is accelerated.

    Major manufacturers such as VinFast have pioneered in this field, not only investing themselves but also implementing the franchise model that enables businesses and people to participate in developing the charging network. This model helps promote not only the use of EVs but also the sustainability of the EV industry in Vietnam.

    Public-private partnership models are also evaluated as a key for luring investment in charging stations. Electricity companies, fuel distributors, and specialized charging service providers can also contribute to the scheme.

    Insiders said to further promote the scheme, the Vietnamese Government needs to have favorable and clear policies that facilitate the engagement of the private sector. This can be achieved through financial and non-financial incentives and the formation of a clear roadmap for EV adoption with strict technical standards for charging infrastructure.

    International studies have shown that subsidies for developing charging infrastructure are 5-6 times more effective than subsidies for purchasing EVs. This demonstrates that if the Government focuses on building charging stations, Vietnam can accelerate the transition to EVs while reducing the dependence on fossil fuel energy sources.

    Assoc. Prof. Dr. Dam Hoang Phuc from Hanoi University of Science and Technology said a clear mechanism will attract investors, thereby driving the development of Vietnam’s charging station network.

    Meanwhile, Nguyen Thi Phuong Hien, Deputy Director of the Institute of Transport Strategy and Development, said strong policies on energy transition are now available, but there is still a shortage of support policies for charging infrastructure development. Given this, investing in charging stations is an essential step for the Government to effectively boost the transition to EVs and green transport.

  • Chinese kiwi prices in Vietnam start at $0.8/kg

    Chinese kiwi prices in Vietnam start at $0.8/kg

    Chinese green kiwi is being sold at VND20,000 (US$0.79) per kilogram onwards by wholesalers in Vietnam, a third of the prices of imports from Australia and New Zealand.

    Australian and New Zealand wholesale prices start at VND60,000 and go up to VND120,000. But the VND20,000 price is unusually low for a fruit considered an upmarket item in Vietnam.

    Thanh Hoa, a fruit wholesaler in HCMC, said these are the lowest prices in years. “I import thousands of boxes at a time to get the best prices.”

    Retailers are selling the fruit at VND50,000-80,000 per kilogram. In China, green kiwi is primarily grown in provinces with a temperate climate such as Sichuan, Shaanxi and Henan.

    Thanks to advanced breeding technologies and large scale of production, China is able to produce large quantities of the fruit and maintain low prices.

    Vietnamese importers say Chinese kiwi is able to enter Vietnam at current rates because logistic costs have been optimized.

    Dang Phuc Nguyen, general secretary of the Vietnam Fruits & Vegetables Association, said China has acquired kiwi varieties from other countries and breeds them with low labor costs.

    Vietnam’s imports of Chinese agriculture produce in the first 10 months were worth $800 million, a 24% increase year-on-year, according to the customs department. The main fruits it imported were apple, grape, persimmon, and kiwi.

    Lees ook:

    Lees ook:

    Lees ook:

  • Gold price gains in Vietnam, drops globally

    Gold price gains in Vietnam, drops globally

    Gold price went up marginally in Vietnam but fell globally as investors took profit Tuesday morning.

    Saigon Jewelry Company gold bar increased by 0.23% to VND87.1 million (US$3,430.49) per tael.

    Gold ring price went up 0.23% to VND85.9 million per tael.

    Globally gold slipped as investors booked profits after prices hit more than one-month high earlier in the day on increased expectations of an interest rate cut by the Federal Reserve next week.

    Spot gold shed 0.5% to $2,704.41 per ounce. It hit the highest since Nov. 6 earlier in the session.

    U.S. gold futures fell 0.5% to $2,744.60.

    “It’s just profit booking because we’ve seen a good rally in gold due to various factors this week, including geopolitical tensions, China resuming gold purchases and the inflation number yesterday being in line with expectation,” said Ajay Kedia, director at Kedia Commodities, Mumbai.

    Lees ook:

    Lees ook:

  • Nvidia looking to hire engineers and managers in Hanoi

    Nvidia looking to hire engineers and managers in Hanoi

    Chipmaker Nvidia is recruiting engineers and managers for its operations in Hanoi, where it seems set to design and produce graphic processing units.

    It is seeking to fill nine positions, including those of IT, senior production support and system test design engineers and two senior managers, according to job posts on recruitment platform LinkedIn.

    One position is in a factory in Bac Ninh, an industrial province next to Hanoi. The senior manager for manufacturing operations requires the candidate to “spearhead the development of an impactful team in Vietnam from the ground up.”

    Applicants for this position need a bachelor’s or master’s degree in engineering, business or equivalent experience along with 15 years of overall experience and five years of specific management experience.

    Hanoi HR professional Dam Trang said Nvidia’s moves indicate that it is in the process of starting operations in Hanoi.

    As Nvidia is a chip designer and does not own factories, the fact that it is looking for manufacturing personnel shows it wants its own people to supervise suppliers’ production, she said.

    Though most of the requirements for the candidates are typical for a large company, finding individuals with more than 10 years’ experience in semiconductors would be challenging as the industry has only seen significant growth in Vietnam in the last few years, she said.

    During his visit to Vietnam on Dec. 5, Nvidia CEO Jensen Huang signed an agreement with the government to establish an AI research and development center and an AI data center.

    He praised Vietnam’s strengths in STEM and its potential to produce AI talent.

    He also vowed to promote the local AI industry through infrastructure development, training and fostering an AI startup ecosystem.

    Lees ook: