If you want to work in Japan, you might hear the word “horenso” being used around your new office. This isn’t the Japanese word for spinach, which is ほうれん草 (hourenso); the Japanese business word horenso is actually an acronym: 報・連・相 (hou・ren・sou) stands for report・communicate・consult. These three values are the backbone to keeping a healthy flow of information going within the company’s infrastructure. If you find yourself working in a Japanese company, the chances are you’ll be expected to uphold the practices of HORENSO.

Kaizen emerged as a concept in Japan following World War II. The Japanese word 改 (“kai”) means “change” and 善 (“zen”) means “good”. The philosophy was designed by Masaaki Imai. The Toyota production system is renowned for its Kaizen philosophy. In this approach, frontline workers are encouraged to halt their production line upon encountering a deviation by pulling an andon cord. They are then expected to collaborate with their supervisor to suggest and implement improvements aimed at resolving this deviation.

Introduction 5S is a system to reduce waste and optimize productivity through maintaining an orderly workplace and using visual cues to achieve more consistent operational results. Implementation of this method "cleans up" and organizes the workplace basically in its existing configuration, and it is typically the first lean method which organizations implement.

HCM CITY (VNS)— More than 16,600 new businesses with a total registered capital of VND68.3 trillion (US$3.23 billion) were licensed in HCM City in the first seven months of 2013, a year-on-year rise of 5 per cent.

HA NOI (VNS)— While most credit institutions(CIs) see potential risks in the banking system due to the level of bad debt, they also see brighter prospects for the second half of the year, according to a recent survey by the State Bank of Viet Nam (SBV).

Two Vice Presidents of Coca-Cola, Irial Finan - Executive Vice President and Clyde C. Tuggle - Senior Vice President, Chief Public Affairs and Communications Officer, officially answered allegations regarding false accounting, transfer pricing, and tax evasion in Viet Nam at a conference after two days working here.How many jobs has your company created in Viet Nam?

VietNamNet Bridge – Shipbuilding yards have been left idle and big ships have become rusty, while crews have been calling for help from abroad. These all reflect the current situation of the Vietnam Shipbuilding Industry Group (Vinashin), which was once the giant in the shipbuilding industry

(VEN) - Low funding levels had failed to attract rural industrial businesses, creating a major barrier to rural socio-economic development, according to delegates attending an industry promotion conference featuring representatives from 28 provinces and cities in the north held in late October.

(VEN) - The International Textile Manufacturers Federation (ITMF) Annual Conference 2012 took place on November 5 in Hanoi. On the meeting's sidelines, Vietnam National Textile and Garment Group (Vinatex) Deputy General Director Le Tien Truong spoke to the media about the opportunities and advantages that the Vietnamese textile and garment industry can take to attract foreign direct investment (FDI).

VietNamNet Bridge – The predictions about the world’s quiet rice market in second half of 2012 did not come true. Consignments of rice exports have been continually leaving Vietnam’s ports for other countries in recent days.