According to the Business Monitor International (BMI) report on Vietnam telecommunication performance in the 2nd quarter of 2011, this quarter sees no changes in Vietnam’s order on Asia Telecoms Business Environment Rankings, standing still on the 17th place due to a low rewards rate compounded by a quite high risks level. Though mobile market has … Read more
With seven mobile operators for approximately 87 million customers and a high penetration rate, the Vietnamese market is overcrowded. Some of the operators, most of which are state-controlled, are struggling to survive, partly because of generally low tariffs. But rumoured M&A deals may mark the beginning of a consolidation wave. A highly fragmented market Until … Read more
Payroll outsourcing is a business practice that involves contracting with a business service to handle all functions related to a company payroll. Using an outsourcing service makes it possible to manage the payroll process without the need to maintain a large payroll department. Payroll service providers manage such diverse functions as the calculation of wages … Read more
Jun 02th, 2011, from The Wall Street Journal. HANOI—The State Bank of Vietnam has asked all state-owned firms to sell their foreign currency to banks beginning July 1, part of a plan outlined in February to eliminate the use of foreign money in the domestic market. The central bank announced the directive Wednesday in a … Read more
May 24th, 2011, from The Wall Street Journal. HANOI—Vietnam’s consumer price index in May was up 19.78% from a year earlier, its biggest jump since December 2008, the General Statistics Office said Tuesday. But compared with April, the index was up 2.21%, a slowdown from the previous month’s pace. April prices were up 3.32% from … Read more