Decoding employee turnover in Vietnam: Key factors beyond salary in retention strategies
In Vietnam’s industrial sector, the biggest threat to production isn’t hiring—it’s turnover. Why do workers leave standard-pay jobs, and how can factory leaders build a workforce that stays? Introduction Employee retention has become a critical operational priority for industrial enterprises in Vietnam. While competitive compensation remains essential, salary alone cannot prevent unexpected turnover that disrupts daily output. Limited career advancement, management friction, lack of recognition, and poor workplace environments frequently push skilled technicians and factory workers to leave. Unplanned attrition … Continue reading Decoding employee turnover in Vietnam: Key factors beyond salary in retention strategies
KTG Industrial: Vietnam – Singapore strategic cooperation
Singaporean investment capital in Vietnam is present in various sectors, from manufacturing and logistics to industrial real estate. As international investors pay increasing attention to infrastructure quality, the combination of local advantages and international development standards becomes a noteworthy factor. In this context, KTG Industrial serves as a prime example of strategic cooperation between Vietnam and Singapore. BKIM – A Joint Venture Between Two Visions KTG Industrial is an industrial real estate brand developed by BKIM — a joint venture … Continue reading KTG Industrial: Vietnam – Singapore strategic cooperation
6 warehouses & factories for rent near Hanoi 1,000–5,000 m²
The China+1 strategy is driving a growing number of Chinese manufacturers to seek a second operating base in Southeast Asia. Vietnam, particularly northern provinces such as Bac Ninh, Hai Phong, and Hung Yen, is emerging as a preferred destination. China+1 strategy and the wave of relocation to Vietnam Today, to strengthen resilience, mitigate risks, and optimize production networks [1], many global corporations are implementing the China+1 strategy. This means diversifying supply chains by establishing additional production facilities in at least … Continue reading 6 warehouses & factories for rent near Hanoi 1,000–5,000 m²
KTG Energy launches free solar power panel offers for businesses
The solar power initiative of KTG Energy in industrial zones will save hundreds of thousands of dollars for businesses, as well as give them a chance to find a use for their unused roofs. Amidst the numerous difficulties caused by the COVID-19 global health crisis, KTG Energy, a subsidiary of the conglomerate Khai Toan Group (KTG), has officially deployed new co-operation methods which could benefit a lot to partners looking to install solar panels on their factory roofs. With the … Continue reading KTG Energy launches free solar power panel offers for businesses
USING GREEN ENERGY SOLUTIONS IN INDUSTRY TO PROTECT THE ENVIRONMENT
A green economy with green smoke-free industrial parks, using environmentally friendly green energy sources is a common development trend of all countries in the world. What is green energy? “Green” energy (or renewable energy) is the energy that when being produced, it has little negative impact on the environment. The types of green energy can be mentioned as: solar energy, wind energy, wave energy, geothermal energy … Each form of energy generation is more or less affecting the environment, but … Continue reading USING GREEN ENERGY SOLUTIONS IN INDUSTRY TO PROTECT THE ENVIRONMENT
EVALUATING GERMAN-VIETNAMESE ECONOMIC RELATIONS
In 2022, Vietnam and Germany will look back on 47 years of diplomatic relations, during which they have maintained historically solid and close connections. The two countries have come together to form strong ties since 1975. Today, there are around 430 German companies in Vietnam. In addition to major players such as Siemens, Adidas and Bosch, small- and medium-sized German enterprises have discovered Vietnam as a promising market for investment. More than four-fifths of German investment projects are in … Continue reading EVALUATING GERMAN-VIETNAMESE ECONOMIC RELATIONS
DONG NAI SEEKS EXTRA BRIDGE LINK TO HO CHI MINH CITY
Traffic jam on a road in Nhon Trach District of Dong Nai Province that leads to Cat Lai Ferry in Dong Nai River, January, 2021. Photo by VnExpress/Quynh Tran The industrial hub of Dong Nai has proposed Ho Chi Minh City helps build another bridge linking the localities to improve regional connectivity. The new bridge has been proposed to cross the Dong Nai River, the natural border between HCMC and industrial hub Dong Nai. Dong Nai authorities said another … Continue reading DONG NAI SEEKS EXTRA BRIDGE LINK TO HO CHI MINH CITY
SAMSUNG LOOKS TO EXPAND VIETNAM OPERATIONS
HCMC – South Korea’s Samsung has said it is planning to manufacture transistor grids and open a research and development (R&D) center in Vietnam. Speaking at a meeting in Hanoi on August 5 with Prime Minister Pham Minh Chinh, Roh Tae-Moon, CEO of Samsung, said the conglomerate is preparing to make transistor grids in Vietnam on a trial basis. The product will be mass-produced in July 2023 at the Samsung Electro-Mechanics Vietnam in Thai Nguyen Province. The firm will inaugurate … Continue reading SAMSUNG LOOKS TO EXPAND VIETNAM OPERATIONS
MOODY’S UPGRADES VIET NAM RATINGS ON “GROWING ECONOMIC STRENGTHS”
A worker looks at a computer at the construction of an underground railway in Ho Chi Minh City in November 2021. Photo by VnExpress/Quynh Tran Credit rating agency Moody’s has upgraded Vietnam’s rating from Ba3 to Ba2 thanks to its growing exports and manufacturing sector, and changed its outlook from positive to stable. “The upgrade to Ba2 reflects Vietnam’s growing economic strengths relative to peers and greater resilience to external macroeconomic shocks that are indicative of improved policy effectiveness,” it … Continue reading MOODY’S UPGRADES VIET NAM RATINGS ON “GROWING ECONOMIC STRENGTHS”
DEMAND ON THE RISE FOR HIGH-QUALITY READY-BUILT FACTORIES
Because of the shortage of industrial land in a prime location and high rents, ready-built factories have become the first choice of investors thanks to the advantages of saving time and costs, while meeting the rising demand for high-quality factory and warehouse spaces. Ready-built properties “take the throne” According to CBRE Vietnam, the supply of ready-built factories and warehouses for lease as of June 2021 has increased significantly over last year, by 8-10 per cent. Supply is projected to grow … Continue reading DEMAND ON THE RISE FOR HIGH-QUALITY READY-BUILT FACTORIES
JAPANESE FIRMS CHOOSE VIETNAM FOR PRODUCTION EXPANSION
Fifteen Japanese firms chose Vietnam as the destination for their production expansion within the Japanese government’s programme to support Japanese firms to diversify their value chains in foreign countries, according to the Japan External Trade Organisation (JETRO). The Japan-invested Honda Vietnam plant in Vinh Phuc Province. – VNA/VNS Photo Danh Lam Speaking at a press conference on Thursday about the programme, Takeo Nakajima, chief representative of JETRO in Hanoi, said that among 30 Japanese firms selected by Japan’s Ministry of … Continue reading JAPANESE FIRMS CHOOSE VIETNAM FOR PRODUCTION EXPANSION
Demand for ready-built factories and warehouses increasing: CBRE
The development of e-commerce together with delays to import and export activities due to disrupted logistics services has accelerated demand for ready-built factories and warehouses during the COVID-19 outbreak in Vietnam. In contrast, the number of leasing inquiries for other industrial properties has fallen due to travel bans and social distancing. “After the pandemic is contained, the average asking rent for warehouses will increase by 4-11 percent y-o-y,” Pham Ngoc Thien Thanh, associate director at CBRE Research & Consulting, said … Continue reading Demand for ready-built factories and warehouses increasing: CBRE
