A new survey estimates employers will need 150,000 new technical workers this year. Demand for IT workers has doubled over the past five years, according to the latest VietnamWorks report on salaries, benefits and skills in the sector. Another survey conducted by Hanoi Department of Labor, Invalids and Social Affairs in 2016 shows that, on average, each year Vietnam lacks approximately 78,000 IT workers. The VietnamWorks report said demand for skilled technical workers would leap from 250,000 in 2016 to 400,000 by 2018 giving employers just a year to nearly double their workforce. Eighty percent of the new positions would require at least two years experience, for which recruiters are willing to pay up to $1,160 per month. Last year, only one in 10 respondents reported satisfaction with their remuneration, but the vast majority of employers say they're willing to offer raises to talented employees. Big data, cloud computing and cyber security will pave the way for talented … [Read more...] about [Infographic] Vietnam set for IT hiring boom in 2017
Fashion is the clear winner while event tickets have the most loyal customers. Durable and service-oriented goods won the hearts of Vietnamese online consumers in the first month of this year, according to a recent Nielsen Global Connected Commerce survey. Around half of surveyed consumers said they had purchased clothing, books, music, stationery and travel services online. In contrast, fast-moving consumer goods including cosmetics, food and other household products have been slower to gain in popularity among internet shoppers. For these, Vietnamese people still prefer to go to stores and seek advice from shop assistants. With Vietnam becoming more “connected” and nearly half of the population with easy access to the internet, Vietnamese purchasing habits are changing. “The online retail ecosystem is fast evolving. The whole retail experience is changing. Today’s shoppers are incorporating digital touch points along the entire path to purchase,” … [Read more...] about [Infographic] What do Vietnamese people love to buy online?
The government is considering another environmental fuel tax hike even though spending on the environment has barely kept pace. Vietnam may almost triple an environmental protection duty imposed on fuel products from the current VND3,000 ($0.13) to VND8,000 per liter, according to a proposed amendment to the Environmental Protection Law prepared by the Ministry of Finance. Fuel already accounts for 90 percent of the environmental protection tax. The ministry claims the tax increase aims to improve awareness of environmental protection, resulting in less consumption of goods that cause pollution. However, while revenue from environmental tax has nearly quadrupled over the past five years, spending on environmental protection has only risen around 1.4 times. In comparison with other countries in Southeast Asia, Vietnam’s gasoline prices are not very high. When it comes to affordability, meaning the percentage of a day’s minumum wages needed to buy gas, Vietnam stands … [Read more...] about [Infographic] Vietnam spends a third of green tax on environment
Why it's important for the country to belong to the 21-member community, which makes up half of the global economy The 21 members of the Asia-Pacific Economic Community (APEC) accounted for 54 percent of the world’s total GDP, 41 percent of the world's population and 44 percent of global trade by the end of 2016. Vietnam’s trade in goods with APEC countries totaled $146 billion in 2016, accounting for over 40 percent of the country's total trade. Notably, Vietnam recorded trade surpluses with 11 of its 20 fellow members. The country ran its highest deficit with China. This year Vietnam will host the APEC 2017 meetings, giving domestic companies more opportunities to connect more with APEC partners, said Vu Tien Loc, chairman of the Vietnam Chamber of Commerce and Industry. Trade may become tougher now the Trans-Pacific Partnership (TPP) trade pact has been ditched by U.S. President Donald Trump, but all members of that deal are also part of APEC. The TPP may have … [Read more...] about [Infographic] Vietnam reaping benefits from APEC membership
Air pollution fatalities in Vietnam are the second highest in Southeast Asia. A new environment study paints a very bleak picture of Vietnam, measuring its air pollution as the second deadliest in Southeast Asia in terms of the raw number of premature deaths. Deaths attributable to dangerous air particles in Vietnam jumped 60 percent from 26,300 in 1990 to 42,200 in 2015, according to the report issued jointly on Tuesday by the Health Effects Institute, a Boston research institute focused on the health impacts of air pollution, and the Institute of Health Metrics and Evaluation in Seattle. In Southeast Asia, the country's fatalities came second only to Indonesia’s, the study found. Vietnam has the third largest population in the region. Ambient particulate matter ranks fifth among risk factors for total deaths around the world, after high blood pressure, smoking, diabetes and high cholesterol. Ambient air pollution is measured by the concentration of PM2.5, a fraction of … [Read more...] about [Infographic] Death in the air: Pollution-related fatalities see sharp rise in Vietnam