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Ho Chi Minh City’s industrial parks face severe labor shortage

The Government of Ho Chi Minh City sent message inviting workers to return the city to resume working as half of labor force at industrial parks opted to travel to their hometown.

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US and Vietnam agree to end timber trade investigation

Minister of Agriculture and Rural Development Le Minh Hoan and U.S. Trade Representative Katherine Tai signed an agreement addressing U.S. concerns in the Vietnam timber Section 301 investigation on Friday.

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Banks’ profits forecast to decline by 19 percent in Q3

Profits of the banking industry in the third quarter would decrease by 19 percent compared to the previous quarter due to slowing credit growth and increasing provision expenses, Yuanta Securities Vietnam estimated.