ZY-CN-CA
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thank you !
Vietnam Economy Forum
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Viva_Viet
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China’s Businessmen Share Woes Of Finding Vietnamese Workers
By A.N. Basil
Jun 04, 2019 03:59 PM
Technical trainees from Vietnam work at a knitwear factory in Mitsuke, Japan, February 26, 2019. (Photo : REUTERS/Linda Sieg)
Business owners operating in Vietnam have started sharing the difficulties of finding Vietnamese workers who understand and speak Chinese. Increased labor pay is also another stumbling block that they have yet to overcome.
In an interview with the South China Morning Post, construction company owner Weng Caibing, whose factory is located in Binh Duong, revealed the struggles that come with establishing a business outside his home turf.
Weng noted that back in the days, a reliable translator would cost around $400 dollars less than what translators today are asking for. He further explained that these days, it is harder to find a skilled Chinese-Vietnamese worker. "I'm still struggling to find the right person," he argued.
Traffic congestion is just among the many issues that businessmen in Vietnam are faced with. Analysts are expecting to see more traffic jams as companies in China move operations South.
Ho Chi Minh still leads in terms of cities with the highest foreign investments. Hanoi is second but Binh Duong is fast becoming a contender even if it still in third place. It is expected that Binh Duong investments will see a hike now that the top two Vietnamese cities are getting overcrowded.
Local workers have also expressed concerns about the growing competition as smaller Vietnamese manufacturers have a hard time enticing employees. Small factories are worried about reaching their monthly quota with few staff members to rely on.
Finally, business owners are concerned about the increase in industrial land prices in Binh Duong over the last three years. Within the said period, prices hiked by a whopping 80 percent, adding financial burdens for smaller companies.
The Vietnamese economy expanded by 7.1 percent in 2018, driven largely by trade tensions between China and the U.S. wherein businesses in China moved to escape Trump tariffs.
Last week, it was forecasted that Vietnam's economy could overtake Singapore if it continues to grow within the next 10 years. Many economic experts do not have doubts about the country's capability now that businesses are moving from both China and the U.S.
The latest data revealed that foreign investments into Vietnam reached $16.74 billion amid the China-U.S. trade war. Fear of increased tariffs by U.S. President Donald Trump has forced many firms in China to move to Vietnam.
New predictions further proved earlier indications that Vietnam will become the top winner in the trade dispute between two of the world's largest economies. It remains to be seen whether the Vietnamese government will move to
https://www.google.com/amp/s/en.bus...-share-woes-of-finding-vietnamese-workers.htm
By A.N. Basil
Jun 04, 2019 03:59 PM
Technical trainees from Vietnam work at a knitwear factory in Mitsuke, Japan, February 26, 2019. (Photo : REUTERS/Linda Sieg)
Business owners operating in Vietnam have started sharing the difficulties of finding Vietnamese workers who understand and speak Chinese. Increased labor pay is also another stumbling block that they have yet to overcome.
In an interview with the South China Morning Post, construction company owner Weng Caibing, whose factory is located in Binh Duong, revealed the struggles that come with establishing a business outside his home turf.
Weng noted that back in the days, a reliable translator would cost around $400 dollars less than what translators today are asking for. He further explained that these days, it is harder to find a skilled Chinese-Vietnamese worker. "I'm still struggling to find the right person," he argued.
Traffic congestion is just among the many issues that businessmen in Vietnam are faced with. Analysts are expecting to see more traffic jams as companies in China move operations South.
Ho Chi Minh still leads in terms of cities with the highest foreign investments. Hanoi is second but Binh Duong is fast becoming a contender even if it still in third place. It is expected that Binh Duong investments will see a hike now that the top two Vietnamese cities are getting overcrowded.
Local workers have also expressed concerns about the growing competition as smaller Vietnamese manufacturers have a hard time enticing employees. Small factories are worried about reaching their monthly quota with few staff members to rely on.
Finally, business owners are concerned about the increase in industrial land prices in Binh Duong over the last three years. Within the said period, prices hiked by a whopping 80 percent, adding financial burdens for smaller companies.
The Vietnamese economy expanded by 7.1 percent in 2018, driven largely by trade tensions between China and the U.S. wherein businesses in China moved to escape Trump tariffs.
Last week, it was forecasted that Vietnam's economy could overtake Singapore if it continues to grow within the next 10 years. Many economic experts do not have doubts about the country's capability now that businesses are moving from both China and the U.S.
The latest data revealed that foreign investments into Vietnam reached $16.74 billion amid the China-U.S. trade war. Fear of increased tariffs by U.S. President Donald Trump has forced many firms in China to move to Vietnam.
New predictions further proved earlier indications that Vietnam will become the top winner in the trade dispute between two of the world's largest economies. It remains to be seen whether the Vietnamese government will move to
https://www.google.com/amp/s/en.bus...-share-woes-of-finding-vietnamese-workers.htm
xiao qi
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China’s President Xi Jinping has an ambitious goal of re-imaging “Made in China” from a synonym for cheap, low-quality manufacturing to a symbol of national pride by 2025. But a bruising trade war between the U.S. and China has forced some of the country’s exporters to ditch the “Made in China” label altogether—to avoid lofty tariffs upon entering American borders.
On Sunday, the government of Vietnam said it had identified dozens of fake “Made in Vietnam” certificates on everything from agriculture to textiles and steel produced by Chinese companies trying to circumvent U.S. tariffs.
Vietnam also alleged that some Chinese exporters had been illegally re-routing orders to Vietnam since the Trump administration hiked tariffs on $250 billion of Chinese goods from 10 percent to 25 percent last month. The government cited an example of U.S. customs officials uncovering Chinese plywood being shipped to America through a Vietnamese company.
The Southeast Asian country pledged to increase penalties on trade-related fraud, but added concerns that it may be punished by the U.S. for allowing mislabeled Chinese products to cross U.S. borders, said Do Van Sinh, a member of the Vietnam National Assembly’s economic committee, in a government statement.
Chinese exporters’ rerouting and fake labeling are believed to be partially responsible for a dramatic surge in Vietnam’s reported export to the U.S. lately. In the first quarter of 2019, Vietnam’s shipments to the U.S. have increased by 40 percent, while China’s shipments have declined by 14 percent, according to data compiled by the U.S. Census Bureau.
But these questionable shipments likely account for a “relatively small” portion of China’s total U.S. exports, said Rahul Kapoor, a senior analyst at Bloomberg Intelligence in Singapore. “There will always be leakages and work arounds to avoid tariffs, but we do not see it as a widespread phenomenon.”
After months of trade cease-fire, President Donald Trump imposed a new round of tariffs on $200 billion worth of Chinese goods last month. In a phone interview with CNBC Monday morning, Trump threatened additional tariffs against China if Xi fails to attend the upcoming G20 Summit in Japan where the two leaders are expected to continue trade talks.
“The China deal is going to work out. You know why? Because of tariffs. Because right now, China is getting absolutely decimated by countries that are leaving China, going to other countries, including our own,” Trump told CNBC’s Joe Kernen on Monday morning.
“[China is] going to make a deal because they’re going to have to make a deal,” he added.
https://observer.com/2019/06/us-chi...-9uXxIOHJPzgTodtNB28VhTPiAotwiXgm7HxSCDhemwm8
On Sunday, the government of Vietnam said it had identified dozens of fake “Made in Vietnam” certificates on everything from agriculture to textiles and steel produced by Chinese companies trying to circumvent U.S. tariffs.
Vietnam also alleged that some Chinese exporters had been illegally re-routing orders to Vietnam since the Trump administration hiked tariffs on $250 billion of Chinese goods from 10 percent to 25 percent last month. The government cited an example of U.S. customs officials uncovering Chinese plywood being shipped to America through a Vietnamese company.
The Southeast Asian country pledged to increase penalties on trade-related fraud, but added concerns that it may be punished by the U.S. for allowing mislabeled Chinese products to cross U.S. borders, said Do Van Sinh, a member of the Vietnam National Assembly’s economic committee, in a government statement.
Chinese exporters’ rerouting and fake labeling are believed to be partially responsible for a dramatic surge in Vietnam’s reported export to the U.S. lately. In the first quarter of 2019, Vietnam’s shipments to the U.S. have increased by 40 percent, while China’s shipments have declined by 14 percent, according to data compiled by the U.S. Census Bureau.
But these questionable shipments likely account for a “relatively small” portion of China’s total U.S. exports, said Rahul Kapoor, a senior analyst at Bloomberg Intelligence in Singapore. “There will always be leakages and work arounds to avoid tariffs, but we do not see it as a widespread phenomenon.”
After months of trade cease-fire, President Donald Trump imposed a new round of tariffs on $200 billion worth of Chinese goods last month. In a phone interview with CNBC Monday morning, Trump threatened additional tariffs against China if Xi fails to attend the upcoming G20 Summit in Japan where the two leaders are expected to continue trade talks.
“The China deal is going to work out. You know why? Because of tariffs. Because right now, China is getting absolutely decimated by countries that are leaving China, going to other countries, including our own,” Trump told CNBC’s Joe Kernen on Monday morning.
“[China is] going to make a deal because they’re going to have to make a deal,” he added.
https://observer.com/2019/06/us-chi...-9uXxIOHJPzgTodtNB28VhTPiAotwiXgm7HxSCDhemwm8
Galactic Penguin SST
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Koreans Emigrate in Record Numbers
July 13, 2019 08:25
A growing number of Koreans are emigrating, citing the sputtering economy and poor education. According to the Foreign Ministry, 2,200 people emigrated last year, up around five times from 2016 and the most since the financial crisis in 2008. The wealthy blame political and economic woes at home, while middle-class Koreans cited difficulties educating children here.
One builder advertising luxury apartments in Ho Chi Minh City in Vietnam costing between W500 million to W1 billion says he had lively interest from Koreans (US$1=W1,179). According to global realtor CBRE, 22 percent of all luxury apartment buyers in Ho Chi Minh City last year were Koreans, ranking second among foreigners after the Chinese (30 percent).
Purchases soared in the second quarter of 2017, just after President Moon Jae-in took office in May. Until the first quarter 2017, the amount of money Koreans wired overseas stood at around $10 million a quarter for seven straight quarters. But it suddenly surged to $131.4 million in the second quarter and has remained above $100 million every quarter since then.
For the rich, investing in real estate overseas offers the benefit of drastically slashing inheritance and gift taxes they have to pay on property at home. The U.S. raised the limit on inheritance tax exemptions from $5.49 million to $11.2 million last year. But in Korea, a person who inherits W23 billion has to pay more than W12 billion in taxes.
Middle-class Koreans are also packing up and leaving. The most popular destination is Southeast Asia. One family who moved to Cebu in the Philippines decided to settle down there to escape worsening air pollution here. On a weeklong holiday in Cebu three years ago, they found that their two daughters no longer suffered from chronic nasal inflammation.
The country where Koreans spent the most money on real estate last year was Vietnam with 1,347 money transfers. Next were the Philippines, Thailand and Malaysia.
One staffer at an overseas real estate company said, "Just W100 million to W300 million can get you a very decent house in a major city in Southeast Asia. It's very cheap to transfer money to Vietnam, so a growing number of middle-class Koreans are buying homes there, not for speculative purposes but to rent it out and save the money to fund their retirement after emigrating there."
http://english.chosun.com/site/data/html_dir/2019/07/13/2019071300356.html
July 13, 2019 08:25
A growing number of Koreans are emigrating, citing the sputtering economy and poor education. According to the Foreign Ministry, 2,200 people emigrated last year, up around five times from 2016 and the most since the financial crisis in 2008. The wealthy blame political and economic woes at home, while middle-class Koreans cited difficulties educating children here.
One builder advertising luxury apartments in Ho Chi Minh City in Vietnam costing between W500 million to W1 billion says he had lively interest from Koreans (US$1=W1,179). According to global realtor CBRE, 22 percent of all luxury apartment buyers in Ho Chi Minh City last year were Koreans, ranking second among foreigners after the Chinese (30 percent).
Purchases soared in the second quarter of 2017, just after President Moon Jae-in took office in May. Until the first quarter 2017, the amount of money Koreans wired overseas stood at around $10 million a quarter for seven straight quarters. But it suddenly surged to $131.4 million in the second quarter and has remained above $100 million every quarter since then.
For the rich, investing in real estate overseas offers the benefit of drastically slashing inheritance and gift taxes they have to pay on property at home. The U.S. raised the limit on inheritance tax exemptions from $5.49 million to $11.2 million last year. But in Korea, a person who inherits W23 billion has to pay more than W12 billion in taxes.
Middle-class Koreans are also packing up and leaving. The most popular destination is Southeast Asia. One family who moved to Cebu in the Philippines decided to settle down there to escape worsening air pollution here. On a weeklong holiday in Cebu three years ago, they found that their two daughters no longer suffered from chronic nasal inflammation.
The country where Koreans spent the most money on real estate last year was Vietnam with 1,347 money transfers. Next were the Philippines, Thailand and Malaysia.
One staffer at an overseas real estate company said, "Just W100 million to W300 million can get you a very decent house in a major city in Southeast Asia. It's very cheap to transfer money to Vietnam, so a growing number of middle-class Koreans are buying homes there, not for speculative purposes but to rent it out and save the money to fund their retirement after emigrating there."
http://english.chosun.com/site/data/html_dir/2019/07/13/2019071300356.html
Galactic Penguin SST
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Mao Haircut Popular Among Young Generation Vietnamese
New hair trend in Vietnam to make oneself appear more life experienced and wiser like Chairman Mao
▲ 1. Published on Aug 29, 2019
http://web.archive.org/web/20190831...kuns.files.wordpress.com/2013/06/mao-hair.jpg ; https://archive.fo/2nZQo/5776537da33a3a81f55a3dcf9a6de8de1468fbc0.jpg
▲ 2. Original Chairman Mao haircut.
New hair trend in Vietnam to make oneself appear more life experienced and wiser like Chairman Mao
http://web.archive.org/web/20190831...kuns.files.wordpress.com/2013/06/mao-hair.jpg ; https://archive.fo/2nZQo/5776537da33a3a81f55a3dcf9a6de8de1468fbc0.jpg
▲ 2. Original Chairman Mao haircut.
Viet
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Vinfast cars in Saigon!
Đoàn xe VinFast đi qua Nhà hát Thành phố…
Trước Trung tâm Thương mại Vincom Center Đồng Khởi (Q.1)
Phố đi bộ Nguyễn Huệ như hóa thành đường phố châu Âu vào thu
Ủy ban Nhân dân Thành phố…
Landmark 81, Khu đô thị Vinhomes Central Park
Đường phố Sài Gòn quen thuộc được tô điểm bằng vẻ đẹp sang trọng
Đoàn xe VinFast đi qua Nhà hát Thành phố…
Trước Trung tâm Thương mại Vincom Center Đồng Khởi (Q.1)
Phố đi bộ Nguyễn Huệ như hóa thành đường phố châu Âu vào thu
Ủy ban Nhân dân Thành phố…
Landmark 81, Khu đô thị Vinhomes Central Park
Đường phố Sài Gòn quen thuộc được tô điểm bằng vẻ đẹp sang trọng
Indos
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Indonesian edutech startup Ruangguru confirms US$150M Series C funding round
Updates: Ruangguru has reached out to e27 with a more complete list of their investors in this funding round.
Indonesian edutech startup Ruangguru today confirmed a US$150 million Series C funding round led by growth equity company Global Atlantic and venture capital firm GGV Capital.
EV Growth, UOB Venture Management, and a number of new investors also participated in the round.
The funding round has been reported by various media since weeks ago, but the startup has declined to comment until today.
With the investment, Ruangguru is also set to appoint General Atlantic Indonesia Managing Director Ashish Saboo as its commissioner.
The funding round itself is meant to support the company’s expansion effort to Vietnam, where it has launched under the brand Kien Guru.
“We are committed to building a comprehensive curriculum and implementing artificial intelligence in developing fun and easy to understand learning experience. Today, 80 per cent of our users are based outside of Jakarta. This shows that our products are widely accepted and evenly distributed,” said Iman Usman, Founder and Director of Products and Partnership at Ruangguru.
Also Read: Indonesian edutech startup Ruangguru receives grant from MIT SOLVE programme
Prior to this funding round, the startup announced a Series B led by UOB Venture Management.
Ruangguru recently made headlines when co-founder Adamas Belva Devara Syah was appointed as a presidential special staff by President Joko Widodo. In addition to Devara, the president also named Amartha founder Andi Taufan Garuda Putra as a presidential special staff.
The year 2019 was a big year for edutech investment in Indonesia as we see fellow edutech startups such as HarukaEdu and Zenius announcing their funding rounds this year.
HarukaEdu raises its Series C funding round in November, which was meant to support its expansion to B2B services.
Zenius also announced their funding round in October and had launched a free-to-access content offering since.
—
Image Credit: Ruangguru
https://e27.co/indonesian-edutech-startup-ruangguru-confirms-us150m-series-c-funding-round-20191226/
Updates: Ruangguru has reached out to e27 with a more complete list of their investors in this funding round.
Indonesian edutech startup Ruangguru today confirmed a US$150 million Series C funding round led by growth equity company Global Atlantic and venture capital firm GGV Capital.
EV Growth, UOB Venture Management, and a number of new investors also participated in the round.
The funding round has been reported by various media since weeks ago, but the startup has declined to comment until today.
With the investment, Ruangguru is also set to appoint General Atlantic Indonesia Managing Director Ashish Saboo as its commissioner.
The funding round itself is meant to support the company’s expansion effort to Vietnam, where it has launched under the brand Kien Guru.
“We are committed to building a comprehensive curriculum and implementing artificial intelligence in developing fun and easy to understand learning experience. Today, 80 per cent of our users are based outside of Jakarta. This shows that our products are widely accepted and evenly distributed,” said Iman Usman, Founder and Director of Products and Partnership at Ruangguru.
Also Read: Indonesian edutech startup Ruangguru receives grant from MIT SOLVE programme
Prior to this funding round, the startup announced a Series B led by UOB Venture Management.
Ruangguru recently made headlines when co-founder Adamas Belva Devara Syah was appointed as a presidential special staff by President Joko Widodo. In addition to Devara, the president also named Amartha founder Andi Taufan Garuda Putra as a presidential special staff.
The year 2019 was a big year for edutech investment in Indonesia as we see fellow edutech startups such as HarukaEdu and Zenius announcing their funding rounds this year.
HarukaEdu raises its Series C funding round in November, which was meant to support its expansion to B2B services.
Zenius also announced their funding round in October and had launched a free-to-access content offering since.
—
Image Credit: Ruangguru
https://e27.co/indonesian-edutech-startup-ruangguru-confirms-us150m-series-c-funding-round-20191226/
Pfff, it is no longer.
You can make a manufacturing line for production from knockdown kits in 1 month. For me, it's harder to sell a phone than to make it.
Realme and Oppo, I think, are a bigger problem to compete against than Apple and Samsung for the reason that former can not only make a phone cheaply, but also make money from it and throw them on marketing.
The problem of making phones outside of China is that despite the fact that majority of component makers are companies from Japan, Korea, and Taiwan, almost all off their component factories are in China.
It means nobody outside of China can compete with China on the cost only, but poor supply chain will limit you to lower tier generic components.
Viva_Viet
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Factories r leaving CN due to trade war. Millions Cnese r jobless now. U guys cant even find a job that pay enough for living cost ( 600-800 usd) let alone buying new phones.
------
A recent UBS China survey of 200 manufacturing companies with significant export business or supply to exporters revealed the trade war has had a negative impact on 63 percent of those businesses.
A quarter of those affected have cut jobs, 37 percent have moved production out of China in the past 12 months, while 33 percent plan to move in the next 6-12 months.
https://www.google.com.vn/amp/s/mobile.reuters.com/article/amp/idUSKCN1PB2WO
Nilgiri
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Factories r leaving CN due to trade war. Millions Cnese r jobless now. U guys cant even find a job that pay enough for living cost ( 600-800 usd) let alone buying new phones.
------
A recent UBS China survey of 200 manufacturing companies with significant export business or supply to exporters revealed the trade war has had a negative impact on 63 percent of those businesses.
A quarter of those affected have cut jobs, 37 percent have moved production out of China in the past 12 months, while 33 percent plan to move in the next 6-12 months.
https://www.google.com.vn/amp/s/mobile.reuters.com/article/amp/idUSKCN1PB2WO
Hey bro, you got a profile pic and flags finally lol.
Viva_Viet
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I was so busing working wt no Sunday off till Lunar New year due to huge order suddently shifting from CN to VN and didnt realize my flags were goneHey bro, you got a profile pic and flags finally lol.
How r u bro? Any lunar NY day off ?
Nilgiri
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I was so busing working wt no Sunday off till Lunar New year due to huge order suddently shifting from CN to VN and didnt realize my flags were gone
How r u bro? Any lunar NY day off ?
Its weekend for lunar new year so just regular weekend off as usual
.Happy new year (Tet) buddy. Song lau tram tuoi
Viet
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Making smartphones en mass is not a problem at all in Vietnam. Nothing special. There are many domestic players. We passed this phase. Vietnam can make everything cheaper. Wages are lower, quality higher. Next phase is making en masse cars, bus, solar cells, 5g, semiconductors. Certainly Vietnam still lacks of complete supply chains and supporting factories. Apple suppliers are setting up factories. So many other. All take time.
Nilgiri
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Making smartphones en mass is not a problem at all in Vietnam. Nothing special. There are many domestic players. We passed this phase. Vietnam can make everything cheaper. Wages are lower, quality higher. Next phase is making en masse cars, bus, solar cells, 5g, semiconductors. Certainly Vietnam still lacks of complete supply chains and supporting factories. Apple suppliers are setting up factories. So many other. All take time.
Happy new year(s) friend.
Viet
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Happy Tet my friend!
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