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VN workforce skills to rise commensurate with FDI inflows: analysts | Business

FDI generally
goes into industries that require medium to very skilled workers, experts have
said.
“The Covid-19 pandemic will continue to be more complicated in 2021 and the
world is still in the ‘new normal’ phase,” Bui Ton Hien, director of the
Institute of Labour and Social Affairs, told a webinar on July 22.
“Businesses have to optimise their operation and production to be both more
effective and safer.
“Foreign-invested firms in manufacturing will lean more towards automation, and
will thus influence demand for labour skills and skilled jobs in the market in
the next two to three years.”
The webinar heard the results of a comprehensive survey of over 200 foreign ....

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US removes tariff threats against Vietnam | Business | Vietnam+ (VietnamPlus)

Illustrative image (Photo: VNA)

Washington (VNA) – The Office of the United
States Trade Representative (USTR) on July 23 issued a
formal determination in the Vietnam Currency
Section 301 investigation, under which the agency will not take any tariff action against Vietnam.
A statement by the USTR said that the move reflects the
agreement reached earlier this week between the US Department of the Treasury and
the State Bank of Vietnam (SBV).
The determination finds that the agreement between the US
Department of the Treasury and the State Bank of Vietnam provides a satisfactory resolution of
the matter subject to investigation and accordingly that no trade action is ....

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Vietnam: May trade deficit widens to US$2.07bil; farmers warned not to expand black pepper crop to avoid glut

Vietnam reported a trade deficit of US$2.07 billion in May, widening from a deficit of $1.22 billion in April, government customs data released this week has showed. ....

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Vietnam farmers warned not to expand black pepper crop to avoid glut

Vietnam farmers warned not to expand black pepper crop to avoid glut
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09 Jun 2021 06:25PM
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HANOI: Vietnamese farmers should avoid expanding their black pepper crop to avoid the risk of oversupply, as prices in the world s largest producer of the household spice trade at a three-year high, an industry association said.
Pepper prices have been on a roller-coaster ride with a glut in supply causing local prices to plunge about 80per cent from around 200,000 dong (US$8.71) per kg in 2015 to 35,000 dong last year.
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When global pepper prices peaked at a record in 2015, VPA warned of a foreseeable situation of oversupply and recommended to not expand pepper acreage, the Vietnam Pepper Association said in an emailed statement. ....

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Price for Vietnam's 'black gold' increases by 4 times a month

Price for Vietnam's 'black gold' increases by 4 times a month
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