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Hub You - Business and Market Overview on Vietnam
We have worked with several HR executives and other people that have to go through with firing people. Even though it may not always be the most comfortable thing to do, it is a very vital aspect of being a HR director.We of course would recommend first and foremost that you give the employee a chance to work with a coach before making them resign or firing them. That of course is if the employee is someone you would like to hold on to, yet they are not performing up to the company standards. Any employee can be coached by a life coach to improve a work, if the employee is worth it to the company.When firing a person it is a high stress environment, for both the person being fired and the person
Household income in Ho Chi Minh City is nearly three times the national average – the city accounts for nearly half of all the motorbikes in Vietnam. An estimated 20% of the population live below the poverty level and mainly from rural households. 10%-15% of the households are middle to high-income households while 65%-70% are lower-income households.
INFRASTRUCTURE. Vietnam's telecommunication systems lag behind many neighbouring countries in the region and therefore government puts great emphasis on its modernisation. Digita
The mere mention of supply chain management, outside of business circles, tends to set eyes rolling. While it may not be of interest to the average lay-person, it is an item of great interest to those in the business community. Supply chain management is a crucial element of good overall business management. Long term viability and corporate profitability are critically dependent upon it. Let's spend a few minutes exploring the basics of supply chain management.Supply chain management refers to the process by which raw materials are acquired and used in the manufacturing of a product. It also takes into consideration the delivery of finished goods, and the ability to process returned goods. Ideall
Vietnam’s GDP grew at an average of 7.3% annually in 2000-2004 and reached US$44.5 billion by 2004 and unemployment declined from 6.4% in 2000 to 5.6% in 2004. However, inflation steadily increased reaching 7.8% by 2004 and prompted Vietnam’s government to implement monetary and fiscal controls to manage inflationary pressures.
The manufacturing sector contributed towards 40.1% of Vietnam's GDP in 2004 while the service sector contributed 38.2%. The agriculture sector contributed towards 38.7% of the country's GDP in 1990 but declined to 21.8% by 2004. Major industries include processed foods, garments and shoes, mining (coal and steel) cement, fertilisers, glass, tyres, paper and petroleum. Major agriculture products include rice, coffee, rubber, cotton, tea, pepper, soybean, cashew nuts, peanuts, sugar cane, peanuts, bananas, poultry and seafood.
DEMOGRAPHY. Vietnamese (also known as Viet or Khin) is the major ethnic community accounting for nearly 86% of the country's population and reside mainly in the eastern half of the country. Minorities include Chinese who live mainly in the urban areas, Khmer Crom (related to the Khmers of Cambodia), Tays and Montagnards who live in the mountainous regions of the country. In a government census, about 80% of the population do not subscribe to any religion but among those who do, 9% are Buddhist and 7% are Christians. Other religions practiced include Islam, Cao Dai and Hoa Hao. The national language is Vietnamese and languages spoken among the minorities include Tay, Muong, Khmer and Chinese (mainly Cantonese and Mandarin). English is the preferred second language but generally understood and spoken among the educated elite
The majority of the Vietnamese population live in the rural areas but the proportion of the urban population is gradually increasing from 19.7% in 1990 to 26.0% in 2004. Vietnam's largest city is Ho Chi Minh City (population 5.0 million) and Hanoi (population of 3.5 million) followed by Nai, Haiphong and Dac Lac.
Household income in Ho Chi Minh City is nearly three times the national average – the city accounts for nearly half of all the motorbikes in Vietnam. An estimated 20% of the population live below the poverty level and mainly from rural households. 10%-15% of the households are middle to high-income households while 65%-70% are lower-income households.
INFRASTRUCTURE. Vietnam's telecommunication systems lag behind many neighbouring countries in the region and therefore government puts great emphasis on its modernisation. Digita
This is a good time of the year to review your previous year's Marketing and think about what to do for this year. From the rumours on the street, customer loyalty is down 25 - 35%. Ouch. This means you've got to always be finding new customers and that makes planning your Marketing more important because you want to make sure every dollar spent will be effective.For many people they cut their Marketing budgets when times are tough. This is not a wise thing to do since the only way we can invite people to do business with us is to remind them we are here, and open for business. When you stop your Marketing, you stop reminding them you are in business and people just simply forget about you.So wha
The manufacturing sector contributed towards 40.1% of Vietnam's GDP in 2004 while the service sector contributed 38.2%. The agriculture sector contributed towards 38.7% of the country's GDP in 1990 but declined to 21.8% by 2004. Major industries include processed foods, garments and shoes, mining (coal and steel) cement, fertilisers, glass, tyres, paper and petroleum. Major agriculture products include rice, coffee, rubber, cotton, tea, pepper, soybean, cashew nuts, peanuts, sugar cane, peanuts, bananas, poultry and seafood.
DEMOGRAPHY. Vietnamese (also known as Viet or Khin) is the major ethnic community accounting for nearly 86% of the country's population and reside mainly in the eastern half of the country. Minorities include Chinese who live mainly in the urban areas, Khmer Crom (related to the Khmers of Cambodia), Tays and Montagnards who live in the mountainous regions of the country. In a government census, about 80% of the population do not subscribe to any religion but among those who do, 9% are Buddhist and 7% are Christians. Other religions practiced include Islam, Cao Dai and Hoa Hao. The national language is Vietnamese and languages spoken among the minorities include Tay, Muong, Khmer and Chinese (mainly Cantonese and Mandarin). English is the preferred second language but generally understood and spoken among the educated elite
The majority of the Vietnamese population live in the rural areas but the proportion of the urban population is gradually increasing from 19.7% in 1990 to 26.0% in 2004. Vietnam's largest city is Ho Chi Minh City (population 5.0 million) and Hanoi (population of 3.5 million) followed by Nai, Haiphong and Dac Lac.
Household income in Ho Chi Minh City is nearly three times the national average – the city accounts for nearly half of all the motorbikes in Vietnam. An estimated 20% of the population live below the poverty level and mainly from rural households. 10%-15% of the households are middle to high-income households while 65%-70% are lower-income households.
INFRASTRUCTURE. Vietnam's telecommunication systems lag behind many neighbouring countries in the region and therefore government puts great emphasis on its modernisation. Digita
We are living in a world of paper: we receive important information on paper, and share confidential information on paper: creating documents, letters and many sensitive issues. Therefore it's important to be sure that our confidentiality and privacy are protected, and that waste paper is disposed of. In the past people used ways of destroying paper like burning and tearing, etc. Nowadays with huge volumes of paper all these methods are useless and we need something really powerful and reliable.The first idea of a bulk paper shredding machine was patented in 1908 by A.A. Low, and the first shredder was created in Germany in 1935 by Adolf Ehinger. Since then with the fast growth of business and industry,
DEMOGRAPHY. Vietnamese (also known as Viet or Khin) is the major ethnic community accounting for nearly 86% of the country's population and reside mainly in the eastern half of the country. Minorities include Chinese who live mainly in the urban areas, Khmer Crom (related to the Khmers of Cambodia), Tays and Montagnards who live in the mountainous regions of the country. In a government census, about 80% of the population do not subscribe to any religion but among those who do, 9% are Buddhist and 7% are Christians. Other religions practiced include Islam, Cao Dai and Hoa Hao. The national language is Vietnamese and languages spoken among the minorities include Tay, Muong, Khmer and Chinese (mainly Cantonese and Mandarin). English is the preferred second language but generally understood and spoken among the educated elite
The majority of the Vietnamese population live in the rural areas but the proportion of the urban population is gradually increasing from 19.7% in 1990 to 26.0% in 2004. Vietnam's largest city is Ho Chi Minh City (population 5.0 million) and Hanoi (population of 3.5 million) followed by Nai, Haiphong and Dac Lac.
Household income in Ho Chi Minh City is nearly three times the national average – the city accounts for nearly half of all the motorbikes in Vietnam. An estimated 20% of the population live below the poverty level and mainly from rural households. 10%-15% of the households are middle to high-income households while 65%-70% are lower-income households.
INFRASTRUCTURE. Vietnam's telecommunication systems lag behind many neighbouring countries in the region and therefore government puts great emphasis on its modernisation. Digita
A knowledge of the commercial uses of gold enables a savvy investor to make a judgement on the future demand for the metal and in conjunction with other criteria such as the erosion of the purchasing power of a currency, political factors, gold hoarding or selling off by governments, the technical picture, etc.etc., can make the decision to be long, short or stay out of the market until a more favorable opportunity occurs.Basic InformationChemical Symbol: Au Atomic Number: 79 Melting Point: 1947.97 Degrees Fahrenheit, 1064.43 Degrees CentigradeMedicineGold is non toxic and biologically benign, an excellent conductor of electricity, virtually indestructible, easy to shape a
The majority of the Vietnamese population live in the rural areas but the proportion of the urban population is gradually increasing from 19.7% in 1990 to 26.0% in 2004. Vietnam's largest city is Ho Chi Minh City (population 5.0 million) and Hanoi (population of 3.5 million) followed by Nai, Haiphong and Dac Lac.
Household income in Ho Chi Minh City is nearly three times the national average – the city accounts for nearly half of all the motorbikes in Vietnam. An estimated 20% of the population live below the poverty level and mainly from rural households. 10%-15% of the households are middle to high-income households while 65%-70% are lower-income households.
INFRASTRUCTURE. Vietnam's telecommunication systems lag behind many neighbouring countries in the region and therefore government puts great emphasis on its modernisation. Digita
Top business administration schools offer their students advanced management education, including advanced knowledge relating to professional business designations. This essential objective is carried out by giving significance to the development of an individual's career. It also takes into consideration the functional business knowledge that is required by an individual to succeed in the management career. At the same time, students are given a chance to expand in-depth dedicated knowledge in any selected field.Many individuals after graduation prefer to earn a degree or masters in business administration (MBA) to enhance their managerial skills and increase business proficiency.According to ma
Household income in Ho Chi Minh City is nearly three times the national average – the city accounts for nearly half of all the motorbikes in Vietnam. An estimated 20% of the population live below the poverty level and mainly from rural households. 10%-15% of the households are middle to high-income households while 65%-70% are lower-income households.
INFRASTRUCTURE. Vietnam's telecommunication systems lag behind many neighbouring countries in the region and therefore government puts great emphasis on its modernisation. Digital exchanges now connected to Hanoi, Da Nang, and Ho Chi Minh City and main lines have increased while the use of mobile telephones is growing. The national road system stretches from the northern to southern tip of Vietnam. Northern and southern Vietnam are served by two international airports and two main sea ports serving international shipping.
INTERNATIONAL TRADE. Vietnam's major trading partners are the US, Japan, China, Australia, Germany, Singapore, Taiwan, Thailand and South Korea. Major exports include oil, seafood, rice, coffee, cashew nuts, rubber, tea, garments and shoes. Major imports include machineries and equipments, petroleum products, fertilisers, steel products, cotton, grains, cement and motorcycles.
CONSUMER USAGE OF TECHNOLOGY. There were nearly 10.1 million telephones installed in Vietnam and nearly 5.0 million mobile phone subscribers in 2004. The government is putting considerable efforts to modernise and improve the country’s telecommunication system but still lags compared to Singapore, Thailand and Malaysia. Computer penetration is low; estimates vary from 2% to 4% of the population in 2004 and an estimated 5.8 million internet users. The penetration of television is only 20% and concentrated to homes in the cities and towns. Similarly, installation of refrigerators is concentrated in the cities where 60% of the homes have refrigerators.
RETAIL MARKET. Retail sales in Vietnam grew by 8%-12% annually from 2000 to 2004 brought about by increasing disposable income due to the country's strong economic growth. Vietnamese consumers spend two-thirds of their income on retail purchases amounting to US$16.3 billion in 2004. Traditional wet markets and the "mom and pop" shops dominate the retail industry accounting for 95% of the total retail trade. Many of these retail shops measure no more than five square metres (54 square feet). Modern retail establishments are limited but gradually emerging in the country and generally locally owned businesses concentrated in Ho Chi Minh City and Hanoi.
FOOD CULTURE. Rice and noodles are the staple food of the Vietnamese but taste preference differs by region. Foods in central Vietnam are spicier while foods in northern and southern Vietnam are less spicy and tend to be saltier. The Vietnamese often dip their foods with chilli, garlic or fish sauce to add flavour. The French colonialists introduced European style bread and bakeries into the Vietnamese food culture. Western st
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