This week, the World Bank approved $177 million to fund Vietnam's primary and higher education systems. A downturn in the economy has increased the demand for education and professional training. The World Bank's Country Director for Vietnam sees the "economic crisis as a golden opportunity for Vietnam to reform its education sector." The full article from the World Bank can … [Read more...] about $177 Million for Vietnam’s Education System
Business & Tech
Vietnam Makes the Cut for Top 10 Outsourcing Locations
For the first time, Vietnam shares the top 10 outsourcing stage with giants like India and China. Since 2004, A.T. Kearny Consulting began publishing a Global Services Location Index that captures top 50 off-shoring countries in the world. Rankings are based on three basic categories: financial attractiveness, people and skills availability, and business environment. This … [Read more...] about Vietnam Makes the Cut for Top 10 Outsourcing Locations
Vietnam, A Growing Population of Consumers
For years now, I've been hearing that there is a growing middle class in Vietnam. So people are getting richer, but how will this affect Vietnam's economy? Well, when you have more money, you'll spend more, a lot more! A recent study by Vietnam's General Statistics Office shows that Vietnam's retail sales growth outstripped GDP growth from 1997 to 2007. Over ten years, … [Read more...] about Vietnam, A Growing Population of Consumers
Vietnam’s Economic Outlook
For almost a year now, all we seem to be hearing on the news is how bad the economy is. There are rising unemployment here and bankruptcies there. So how has the economic downturn in the US, Europe and other major economies affected Vietnam? In a new article by Dr. Long S. Le of University of Houston, he writes that Vietnam is more vulnerable than ever with its growing links to … [Read more...] about Vietnam’s Economic Outlook
European Chamber of Commerce Says Vietnam is Safe for Overseas Investors
President of the European Chamber of Commerce, Alain Cany, affirms that Vietnam remains an important economic partner to Europe. Here are a few examples: European companies currently have 796 investment projects in Vietnam - combined capital of $12 billion. Bilateral trade between the European Union (EU) and Vietnam is worth $76 billion, $50 billion of which are Vietnamese … [Read more...] about European Chamber of Commerce Says Vietnam is Safe for Overseas Investors