August 2019

Many Vietnamese companies in supporting industries that can produce high-quality parts are nevertheless struggling to enter large international supply chains or are only able to supply low-value items to them. Dao Huu Huyen, chairman of the board of the Duc Giang Chemicals Group Joint Stock Company, told Thanh Nien newspaper that many companies have good …

Global supply chains remain out of reach of Vietnamese firms Read More »

E-commerce allows small- and medium-sized enterprises to close the gap between them and large enterprises thanks to the equal and flexible competitiveness of the digital business environment, said a local official of Ben Tre province. Vice Chairman of the provincial People’s Committee Nguyen Huu Lap was speaking at the seminar titled ‘E-commerce – A breakthrough …

E-commerce – a breakthrough solution for enterprises Read More »

A survey says 25.7 percent of young Vietnamese want to work for themselves, with tech growth fuelling entrepreneurship. The survey of young people in six ASEAN countries released Friday by the World Economic Forum ranks Vietnam third in entrepreneurial ambition. It was behind Indonesia at 35.5 percent and Thailand at 31.9 percent, said the survey, …

1 in 4 Vietnamese wants to be an entrepreneur Read More »

The Vietnamese government’s commitment to broad-based economic reforms bodes well for the country’s longer term prospects and look to have it on the path to upper middle-income status, held Khoon Goh, head of Asia Research at Australia and New Zealand Banking Group Limited (ANZ). In an article on bluenotes.anz.com, Goh noted that Vietnam’s gross domestic product …

ANZ expert optimistic about Vietnamese economy outlook Read More »

As new policies and trade deals change the focus of M&A inflows to Vietnam, the Vietnamese government is expected to remove legal barriers, create a positive environment for foreign investors, and push the divestment process at state-owned enterprises. In the first panel discussion at yesterday’s Vietnam M&A Forum 2019 in Ho Chi Minh City, policymakers and industry experts …

Policy reform is key to unlock Vietnam’s M&A future Read More »

Vietnam wants to have at least five billion-dollar tech firms (unicorns) by 2025 and 10 by 2030 as planned in its draft on national strategy on the Fourth Industrial Revolution. Under the draft announced by the Ministry of Planning and Investment (MPI), the total social investment into research and development (R&D) is expected to account …

Vietnam wants to have 10 tech “unicorns” in 2030 Read More »

Experts proposed a number of solutions to boosting food export to potential markets during a workshop held in Ho Chi Minh City on August 7. Ly Kim Chi, Chairwoman of the Food and Foodstuff Association of Ho Chi Minh City, said the city will focus on exporting aquatic products, coffee, vegetables, fruits, and rice to …

Businesses seek ways to boost food export Read More »

Exporting agricultural produce can bring in good profits, therefore, it is necessary to prioritise the domestic market, said Minister of Agriculture and Rural Development Nguyen Xuan Cuong. In addition, Cuong added, fluctuations in the world market are becoming more difficult to predict, so the domestic market should be the priority. This is not only a …

Enhancing competitiveness for agricultural products Read More »

Vietnam recorded a trade surplus of 1.8 billion USD in the first seven months of the year, according to the General Statistic Office of Vietnam. During the period, Vietnam earned 145.13 billion USD from shipping goods abroad, a year on year surge of 7.5 percent. The growth in export value was mainly contributed to by …

Vietnam books 1.8 billion USD trade surplus in seven months Read More »