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Central bank of Vietnam: restructuring of banks needs legal framework
Vietnam will step up the restructuring of the banking sector this year but this process will require certain regulations to be revised to create a favorable legal framework, the governor of the State Bank of Vietnam said. Le Minh Hung said at a VietinBank 2017 ...
Vietnam fears protectionism will affect farm produce exports
Vietnam in 2016 saw a high farm produce trade surplus of $7.6 billion, but big difficulties are still ahead, including returning protectionism with Brexit and US President-elect Donald Trump. Minister of Agriculture and Rural Development Nguyen Xuan Cuong said at a press conference on January ...
Statistics indicate big problems in university education
MOLISA estimates that about 200,000 university graduates are jobless, and that the figure will not increase sharply in upcoming years but will stay the same. The Q2 Labor Bulletin released by MOLISA showed that 1.088 million people at working age had stayed unemployed by that time, an ...
Problems in education sector mount
The educational sector has been blamed for the unemployment of 200,000 university graduates, among other issues. A report released by MOET and UNICEF shows that 80 percent of students suffered from gender-based violence at least once, while 71 percent suffered from school violence in the last ...
Coal piles up as VN firms prefer imports
According to statistics from the General Customs Department, as of December 15 Viet Nam had imported a total 13 million tonnes of coal worth US$860 million during the year, more than four times the targeted 3 million tonnes. Why did coal purchases increase so sharply? ...
Agriculture sector expects further investments with slashed policies
Local and foreign investors are welcoming the government’s landmark move to eliminate agricultural policy-related obstacles in a bid to attract more investment in the agricultural sector. Hong Sun, secretary general of the Korean Chamber of Business in Vietnam, told VIR that the Korean business community in ...
200,000 university graduates are jobless; who is to blame?
Educators argue that it is unreasonable to blame the education sector for the high number of unemployed university graduates.“This is a misconception. Vietnam now runs a market economy and you must not expect the number of university graduates to be exactly equal to the number ...
Agricultural land thirsts for clean water
As the shortage of clean water for irrigation has become serious, local authorities are trying every possible way to bring clean water to fields. To produce clean rice, vegetables and fruits, farmers need safe land which is not infected with heavy metals and with toxic chemical ...
Stricter environment rules and fiercer competition threaten small paper firms
Small paper producers with an annual capacity of 10,000-20,000 tons will face more difficulties in 2018 due to stricter regulations on wastewater treatment and harsher competition from big companies, heard a meeting in HCMC last week. Vietnam Pulp and Paper Association general secretary Vu Ngoc ...
Companies to pay $2,000 a month to new university graduates
Some Vietnamese companies have confirmed they are willing to offer monthly pay of $2,000 to new university graduates. Le Quang Tien, former vice president of FPT, the Vietnamese largest information technology group, conducted a mini survey on salaries for new graduates after a debate about the ...
