South Korean venture capital firm Nextrans is gearing up to launch a $50-million fund for Vietnamese tech startups in November. Read more
The Rise of ‘New Collar Workers’
The Labor market is undergoing a strong shift with the emergence of “New Collar Workers” – a new generation of workforce possessing specialised skills trained through structured, flexible short-term programs. This wave is gradually altering the structure and shaping the future of the labor market, bringing about numerous opportunities and challenges for both workers and businesses. Read more
Product Inspection Companies in Vietnam
Here is a list of product inspection companies operating in Vietnam. Please note that this list is not in any particular order. Read more
Vietnam boasts three seaports in Top 50 largest container seaports worldwide
Vietnam boasts three seaports listed among the Top 50 largest container ports globally, namely Ho Chi Minh City Port, Hai Phong Port and Cai Mep-Thi Vai Port.
In the Lloyd’s 2023 list, which ranked ports by the volume of container traffic represented in million twenty-foot equivalent unit (TEU), the port of HCMC secured the 23rd position, slipping one spot from the previous year’s list.
With 106 routes in Asia, one to America and two to Europe, the 160-year port handled over 7.9 million TEU in 2022, down 0.6 percent year-on-year. Read more
Vietnam ranked 6th among fastest growing Asian economies in 2024
The US website finance.yahoo.com placed Vietnam 6th among the fastest growing economies in Asia in 2024 in its article published on April 4.
The article cited projections for Vietnam’s real GDP growth to reach 5.8% and per capita GDP growth at 7.41%. Read more
Difference Between Sourcing, Purchasing, and Procurement
In the field of Supply Chain Management, there are concepts that seem very familiar but not everyone fully understands their nuances. For example, there are three terms related to the procurement department: Purchasing, Sourcing, and Procurement. These three concepts are often used interchangeably and understood as buying goods for the business. However, the truth is that all three aim towards the ultimate goal of purchasing, but they differ in meaning and operation. Understanding these three terms correctly helps to define one’s job scope most effectively. Read more