Has Vietnam’s moment finally arrived? Explosive wage growth and labor strife in China and India, favored destinations for foreign investment in Asia, have multinationals taking a serious look at Vietnam as a low-cost alternative for new factories and call centers. “We’re cheaper—much cheaper,” says Nguyen Than Nam, chief executive officer of FPT, a Hanoi-based IT outsourcer and distributor of cell phones with $1 billion in revenue last year. Vietnam is ready to compete head-on for foreign investment, says Nam. “We are trying to be the ‘one.’ ” Continue reading “Is Vietnam Finally Ready for Foreign Investors?”
This is the statistic on overall importing of Vietnam recorded by Vietnam Customs.
Vietnam Import in 2009 (classified by country) Continue reading “Vietnam Import Data in 2009”
This is the statistic on overall exporting of Vietnam recorded by Vietnam Customs. Continue reading “Vietnam Export Data in 2009”
Great deals are driving consumers to continue booking flights and hotel rooms, Orbitz President and Chief Executive Barney Harford told Businessweek.com in an interview.
At hotels, “occupancy is low, and that’s great for consumers,” Harford says. “If you’re still working and you feel reasonably good about the economic outlook, being able to get a four-star hotel for a three-star price can be attractive.” Continue reading “Travel Sites Get Boost from 4-Star Hotel at 3-Star Cost”
How mobile is important to Businesses these days? Does your company need an iPhone app or a mobile website? According to Pizza Hut, mobile accounts for half of all its orders, ordering pizza with users by way of SMS, mobile websites and even an iPhone app. Continue reading “50% of Pizza Hut’s Orders are from Mobile”
Taking into account one issue in Vietnam that refers to legal document, one might be confused when encountering phrases such as: law, resolution, decree, order, decision, circular…
These phrases appear in regulation documents such as: Law on Enterprises No.60/2005/QH11 on 29 November 2005, Decree No.88/2006/ND-CP on 29 August 2006 on Business registration, Decision No.10/2007/QD-BTM on 21 May 2007 announcing the schedule of implementation of trading and distribution activities
So what are law, constitution, resolution, decree, order, decision, circular? What are the differences between them and purpose of each one? Continue reading “Vietnamese System of Legal Documents”
Vietnam devalued its currency for the third time since November, moving to reverse a slump in exports that helped to drive stocks close to a bear market. Continue reading “Vietnam Devalues Its Currency as Equities Approach Bear Market”
Forbes has announced the list of public and private colleges and universities rankings in 2010. Forbes’ methodology includes the following percentages: Listing of Alumni in the Who’s Who in America (25 percent), student evaluations of professors from Ratemyprofessors.com (25 percent), 4-year graduation rates (16 2/3 percent), enrollment-adjusted numbers of students and faculty receiving nationally competitive awards (16 2/3 percent), average four year accumulated student debt of those borrowing money (16 2/3 percent). Continue reading “American College Rankings in 2010”