Review Category : The Latest News & Events

“I’m here and I’m ready to work,” OPIC President and CEO Ray Washburne told OPIC staff Tuesday during a meeting where he outlined his vision for the Agency.

Washburne, a longtime Texas-based investor who was confirmed by the U.S. Senate earlier this month as the eleventh President and CEO of OPIC, said he was encouraged by the speed with which the Agency’s new leadership has been put in place. In addition to Washburne and David Bohigian, who was also confirmed earlier this month as OPIC Executive Vice President, OPIC’s new executive team includes Edward Burrier, Vice President, Office of External Affairs; and William Doffermyre, Vice President and General Counsel.

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Strong brand names are very important for small and medium-sized enterprises to improve their competitiveness, a seminar heard on Wednesday in HCM City.

Speaking at “Building brand name – foundation to create competitive advantage and development for Vietnamese enterprises,” organised by the Vietnam Chamber of Commerce and Industry, Nguyen Thi My Chau, a consultant in enterprise governance and SME development, said: “Brand names are the feelings society, community and customers have for products, services or organisations.

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As many as 2,600 delegates will make it to the third APEC Senior Officials’ Meeting and related meetings (SOM 3) expected to open in HCM City next Friday, the Ministry of Foreign Affairs (MoFA) has announced.

Slated for August 18-30, SOM 3 will accommodate 75 meetings, seminars, and dialogues by four committees and 38 working groups of the Asian-Pacific Economic Co-operation (APEC).

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Hennes & Mauritz AB (H&M) announced opening its first store on September 9, 2017 at Vincom Centre Shopping Mall in Ho Chi Minh City.

“This is the most favourable time for us to join the Vietnamese market, H&M’s 68th market with great potential in the retail sector. With various diversified fashion products, we hope to meet our customers’ expectations and inspire them to explore and create their own style,” Fredrik Famm, H&M Southeast Asia country manager, said.

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The regional minimum wage for 2018 is expected to increase by 6.5 per cent, equal to VNĐ180,000-230,000 (US$8-10) a month, believed to be the lowest increase ever.

The increase was announced on Monday after the National Wage Council concluded its third discussion on the regional minimum wage for 2018, with a consensus reached between employer and labour  representatives.

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Vietnam’s tuna export turnover has risen 21 per cent year-on-year to hit US$271 million in the first half of 2017.

Sharing export details, the Vietnam Association of Seafood Exporters and Producers (VASEP) said that tuna fillet brought in the most revenue, accounting for around 48 per cent of total tuna exports, followed by canned tuna (30 per cent) and other processed tuna (15 per cent).

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2017 marks the seventeenth year of The AmCham Scholarship Program. During the last 17 years, the program has been devoting to improving the business environment in Vietnam in general, and the HCM City area in particular,  by helping develop high quality human resources for member companies, as well as helping students develop essential professional working skills.

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Vietnamese people’s demand for foreign property, especially in the US, has been increasing in recent years. Experts say this increase can be attributed to Vietnam’s fast growing economy and Vietnamese people’s belief that the US is a good place to live and work.

A report by the US National Association of Realtors (NAR) showed that between April 2016 and March 2017, Vietnamese buyers purchased approximately 5,689 residential properties in the US, roughly double of the previous 12-months period.

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