Vietnam Business

With the Salary Survey 2008 by Navigos Group, the leading and largest recruiting and integrated human resource solutions provider, now ready for employers and policymakers' consumption, the group's director of human resource advisory services, Winnie Lam, talks about the implications of the findings.

The Coca-Cola Company plans to seek approval under China’s antitrust law for its US$2.5 billion bid for top domestic juice maker Huiyuan, the final obstacle to what would be the largest foreign takeover of a local firm.

Vietnam’s commercial banks are facing increasing pressure as the economy integrates into the world market and international banks are allowed access to the market, delegates told a conference in Hanoi Thursday.

The Ministry of Agriculture and Rural Development (MARD) has predicted Vietnam needs at least 4 million hectares of rice-growing land to ensure food security for the future.

Most of the 37 power plant projects which the Government’s mission has examined have been slow in implementation

Le Xuan Nghia, Director of the Banking Development Strategy Department under the State Bank of Vietnam, has denied the opinion that banks may fall into a financial crisis due to the tightened monetary policy and the sharp price falls of real estate, which is 50% of the mortgaged assets for bank loans.

Vietnam’s mobile market is set to grow three times faster than Britain’s in the next five years, according to a study released by the Altimo Foundation.

The central region, which took the brunt of the past war and has been constantly hit by natural disasters, boasts great potential for economic development. However, it needs a new way of thinking on development, requiring close cooperation between regional provinces.

The recent spike in rice prices shows that the market has been badly affected by socio-psychological factors. This requires the Government and relevant agencies to make accurate forecasts and come up with prompt actions to cope with any market fluctuations.