Of note, it is not unusual for Vietnamese firms to hold out for as long as possible, grasping at straws to stay afloat under the belief that the ship will right itself if they can hold out just a little longer. Furthermore, it is not unusual for them to be allowed to do so, with a firm not considered insolvent until its debts are over 90 days past due, but even then they can often continue to trade for quite a while longer.

Vietnam public school system short 113,491 teachers

the-shiv August 21, 2024

Of note, the lowest paid teachers across preschool, primary school, and high school, receive just VND 4.9 million or US$196.59 with the highest paid teachers only VND 15.9 million or US$637.91. For contrast, manufacturing and construction workers receive an average wage of VND 8.3 million or US$333 per month with wages over the last twelve months growing at about 5 percent.

New Estée Lauder cosmetics store headed for Vietnam’s Noi Bai airport

the-shiv August 21, 2024

This is inline with strong growth in Vietnam’s cosmetics market which is projected to generate a revenue of US$546.2 million this year on an anticipated annual growth rate of 3.20 percent up to 2028, according to data collated by Statista. A good portion of these sales look to be imports too with approximately US$800 million worth of essential oils, perfumes, and cosmetics imported into Vietnam in the first seven months of this year.