MOC PLANS TO RELEASE QUARTERLY REPORTS ON PROPERTY MARKET
The Ministry of Construction (MoC) plans to start releasing quarterly reports on the domestic real estate market to increase transparency, Minister of Construction Phạm Hồng Hà said in a ministry meeting late last week.
GARMENT AND FOOTWEAR FIRMS WILL HAVE TO WAIT FOR EVFTA BENEFITS
This means for the first few years of EVFTA's implementation, most local garment and footwear products will not benefit from the EVFTA because MFN rates for those products are higher than GSP rates of 9 per cent for garment products and 3-4 per cent for footwear products at present.
MINIMUM REGIONAL WAGE HIKE FOR 2020 SET AT 5.5%
Specifically, the minimum wage in Region 1 comprising more developed localities rose by VND240,000 to VND4.42 million per month, while that in Region 2 was hiked by VND210,000. The lowest wages in Regions 3 and 4 picked up by VND180,000 and VND150,000, respectively, according to Nguoi Lao Dong newspaper.
VN APPAREL INDUSTRY SUFFERS DUE TO LACK OF COMPETITIVE DYEING, FABRIC SEGMENTS
Nguyễn Văn Tuấn, chairman of the Việt Nam Cotton and Spinning Association, told Thời Báo Kinh Doanh (Business Times) newspaper that while the yarn and apparel segments had grown strongly, others like dyeing were poorly developed, causing a bottleneck.
VN TO BOOST PROFESSIONAL REAL ESTATE BROKERS
Real estate brokerage plays an important role in the circulation of real estate products. The sustainable development of the property market depends on a variety of factors such as legal policy, management of authorities, operations of the businesses, as well as professionalism of brokerage teams.
VIETNAMESE AMBASSADOR TO JAPAN SUPPORTS BAMBOO AIRWAYS' EXPANSION EFFORTS
This stable and substantive relationship is built from many positive factors, including a favourable political foundation, the Vietnamese Government’s support for bilateral trade and the special connection between the two countries’ peoples, shown by the up to 1.2 million visitors travelling between the two countries every year.
GLOBAL GARMENT FIRMS NO LONGER BULLISH ON VIETNAM AS COSTS RISE
"More and more companies come to Vietnam ... In the foreseeable future, we do foresee a shortage of labour and even fierce competition for hiring staff there," Makalot chairman and CEO Frank Chou told Nikkei Asian Review, adding the company would now focus on Indonesia, which he expects to become its most significant production base in three to five years.
SIX LAWS TAKE EFFECT SINCE JULY
A series of new laws on anti-corruption, university education, public security, coast guard, amnesty, and competition shall come into effect since July, 2019.
