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This event is open for all professionals interested or currently working in Starups in Hanoi, or supply chai professionals in Hanoi, or who are interested in looking for business collaboration for U.S. market through meeting with a delegation of Baylor University (U.S.), Executive Master Program.

CAREER OPPORTUNITIES

SUPPLY CHAIN MANAGER - Detmold Packaging

This role is key member of DPV management team with participation in the development and implementation of strategies to achieve superior, sustainable business outcomes.

PROCUREMENT EXECUTIVE - PHILIP MORRIS

1. PURPOSE OF THE JOB:

Briefly summarize the job's overall purpose or role. What is it expected to be achieved?

Provide overall the support and co-ordination of the procurement & logistics and other related functions.

Ensure the procurement process which fully integrated with the business and the supply market place in a cost effective manner whilst fully comply with relevant PMI & VPM Branch P&P.

Cordinate with VPM to ensure a logistic system which fully integrated with production activities in an effective, efficient manner whilst fully comply with custom regulation and VPM Branch requirements. 

 

2017 Management Trainee
DHL Supply Chain - a business unit of DHL Global, is the global market leader in contract logistics, providing warehousing, managed transport and value-added services at every link in the supply chain for customers in a variety of industries.

VIETNAM, ASIA'S ECONOMIC ICON, IS SUDDENLY FACING SLOWER GROWTH IN 2017

2017-06-07 17:29:40

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VIETNAM, ASIA'S ECONOMIC ICON, IS SUDDENLY FACING SLOWER GROWTH IN 2017

 

Vietnam’s famously robust, export-led economy grew just 5.1% in the first three months of the year, a letdown unforeseen by both the government and economists. Drought last year hit agriculture into the first quarter of 2017. Mining slipped on a decline in resources such as coal and gas.

But it was a dip in manufacturing, the chief source of exports, that caused more fuss.

 

This picture taken on January 11, 2017 shows Vietnamese employees eating lunch at the Ford automotive plant in the northern province of Hai Duong. (HOANG DINH NAM/AFP/Getty Images)

 

Growth in manufacturing, from clothes to smartphones, fell to 8.3% compared to the first quarter of 2016. Smartphones are creating part of the problem, according to a note last week from SSI Research in Hanoi. Phone exports from the Southeast Asian country declined more than 10% from January to March, possibly because of a delay in introducing Samsung’s high-end Galaxy S8 devices, the research firm says. Another delay, that of a blast furnace by Taiwanese-owned Formosa Ha Tinh Steel plant, may have bit further into production. The company put that off that plan after the Vietnamese government said last year toxins from the plant had killed tons fish along the country’s central coast. Some factories have also picked lower-cost Southeast Asian countries such as Cambodia and Myanmar for expansion of traditional industries.

Manufacturing makes up more than a third of a $200 billion economy that grew 6.21% last year and 6.7% in 2015. Those figures are the latest evidence of an acceleration since 2011 -- and more broadly since industrialization kicked off in the 1980s to save the once war-torn country -- that prompted economists to see Vietnam as Asia’s fast-growth alternate to a slowing China. They have spawned jobs, boosted the middle class and stoked conspicuous consumption in cities. Top foreign investors are Ford, Intel, Samsung and Hon Hai Precision Industry.

Now the economists may be asking how long Vietnam can keep all that up.

First quarters for export-reliant countries are historically weak for cyclical reasons such as lack of major consumer-rage holidays in Western markets. But the mining malaise plus uncertainty about what major manufacturers will do could extend slower growth past Vietnam’s first quarter, some analysts fear. The government is also delaying disbursement of public investments, especially in mining, SSI Research adds.

“I heard that (the first quarter figure) was mainly due to the slow-paced growth of the industrial sector and also because of Vietnam’s big expectations for exports, which they hoped were really going to peak,” said Oscar Mussons, senior associate with the Dezan Shira & Associates business consultancy in Ho Chi Minh City.

But manufacturing from another view came off as a “standout performer” in the first quarter that is doing “heavy lifting” for the overall economy, research firm IHS Markit says. The output growth rate grew its fastest since May 2015 with a hefty rise in new orders, it says. Still, the GDP as a whole may miss the government’s target of 6.7%, it adds. The first-quarter figure was already a three-year low.

Manufacturing’s role over the full year might come down to specific mega-projects. “We might see a rebound in the coming months for hand phone export and production, plus the possibility that the Formosa steel factory might commence production in the second quarter, all of which should help the manufacturing sector to recover to high growth,” the SSI Research note says.