Vietnam logistics businesses can develop niche strengths: VietAviation CEO
Although FDI enterprises account for a large slice of Vietnam’s “logistics cake,” domestic companies are holding their own in the currently volatile economic situation. There are niche activities that give domestic firms their strength, said Duong Quang Duy, CEO of VietAviation Logistics Co., Ltd.
Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7
Build corporate culture into ‘soft power’: consultant
Vietnamese businesses should re-evaluate their culture in a systematic way, turning it into "soft power" and a solid support to overcome difficulties, said Le Quang Vu, CEO of Blue C, a consultant agency in corporate culture, employee experience and internal communication.
Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hanoi-based newspaper contributor arrested for extortion
Ho Chi Minh City police busted a contributor to a Hanoi-based newspaper red-handed receiving money from a project owner for not posting articles about his business’s violations.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Fewer Japanese firms in Vietnam expect 2023 profits
The number of Japanese firms in Vietnam expecting to make a profit this year has fallen 5.2 percent year-on-year to 54.35%, according to a Japan External Trade Organization (JETRO) report.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thai Binh can attract more South Korean investment: former president Lee Myung-bak
South Korean ex-President Lee Myung-bank has advised Thai Binh province and Vietnam’s central government to talk with businesses to resolve problems and facilitate more investment from his country.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Widen investment, role in Vietnam, President tells Apple, Boeing
Vietnamese President Vo Van Thuong has asked U.S.-based tech giants Apple and Boeing to make greater investments and step up their roles in Vietnam.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
US holds potential to become top 10 investor in Vietnam: Deputy PM
Vietnam and the U.S. should collaborate to make the global superpower one of the top 10 foreign investors in the Southeast Asian nation, Deputy Prime Minister Tran Luu Quang said at the U.S.-Vietnam Business Summit 2023 on Tuesday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Business without integrity can lead to great failure: entrepreneur
A business without honesty and integrity risks a high rate of failure as it cannot create a solid reputation for its products and services among customers, said businessman Le Hung Anh.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese enterprises need assistance to survive: economist
Vietnamese businesses are facing unprecedented difficulties, and many are being forced to tighten spending to survive. The government needs to reduce costs for businesses such as waiving and reducing interest rates, fees, and taxes to help them stay afloat, said Nguyen Dinh Cung, former director of the Central Institute for Economic Management (CIEM).
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam, US firms to strike deals during President Biden's Hanoi visit: White House
A string of deals is set to be signed between major businesses of Vietnam and the U.S. during President Joe Biden's visit to Hanoi from September 10-11, according to the White House.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s first unicorn startup VNG files to go public in US
Tech major VNG Corp., Vietnam’s first unicorn startup, has filed for an initial public offering (IPO) in the U.S. while it is expanding business.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam, Israel set to launch direct flights in October
Vietnam and Israel are poised to open their first direct air service early this October in a follow-up to their free trade agreement (FTA) signed in July.
Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7
HCMC calls for Israeli investments in high-tech sectors
Ho Chi Minh City, Vietnam’s southern economic hub, is encouraging Israeli businesses to invest in high-tech industries such as the digital economy, science-technology, high-tech agriculture, and renewable energy.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam SME resilience critically low: ministry
The reliance of Vietnamese small-and-medium-sized enterprises (SMEs) has tanked in the face of prolonged economic headwinds at home and overseas, Vietnam’s Ministry of Planning and Investment (MPI) said Saturday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam forms working group to boost ties with Singapore in green, digital economies
The Vietnamese government has established an interdisciplinary working group to carry out the Green-Digital Economic Partnership with Singapore.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Nine in 10 Vietnam businesses eye overseas expansion: UOB study
Almost nine in 10 businesses in Vietnam are looking to expand broad in the next three years, which will mean a higher interest in cross-border digital trade platforms, says a new study by Singapore’s United Overseas Bank (UOB).
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Business closures up 20% in first seven months
As many as 113,299 firms left the market in the first seven months of this year, up 19.8% year-on-year, according to the General Statistics Office.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam agri firm lands $100 mln trade facility from foreign lenders
TTC AgriS, a leading agribusiness firm in Vietnam, has obtained a $100 million trade facility from foreign lenders, adding to a $40 million finance facility acquired in June.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
48% of European firms expect to expand Vietnam investment: EuroCham
A survey conducted by EuroCham has found that 48% of European businesses expect to increase their investments in Vietnam by the end of the next quarter, the commerce chamber said in its Business Confidence Index (BCI) report for the second quarter of this year.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
12 wide-ranging agreements set to bolster Vietnam-Singapore ties
Twelve MoUs signed Friday at the Singapore Regional Business Forum in Hanoi creates a framework for boosting wide ranging Vietnam-Singapore relations, senior officials say.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singapore-Vietnam business ties expected to rise via major July event
The Singapore Business Federation (SBF) is bringing its flagship event, the Singapore Regional Business Forum (SRBF), overseas for the first time in July, and Vietnam has been picked to stage the day-long event.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Korea carmakers Hyundai, Kia to put more energy into Vietnam market
Hyundai Motor and its sister automaker Kia are looking to build on their leading positions in Vietnam, and Hyundai Motor Group executive chairman Chung Euisun will accompany Korean President Yoon Suk Yeol on his three-day state visit starting Thursday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Press-business ties should foster common good: journalist association chairman
Current circumstances require press agencies and businesses to work better with each other for both mutual benefit and the common good, says Le Quoc Minh, a Party Central Committee member and Chairman of the Vietnam Journalist Association.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam-South Korea business ties to strengthen at landmark forum
South Korean companies, including global giants Samsung, LG, and SK Group, will attend the Vietnam-Korea business forum in Hanoi on June 24 along with more than 200 other firms to further expand bilateral economic ties.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Top Korean firms to attend business forum in Vietnam to boost trade
Executives from South Korean leading conglomerates will attend an economic forum in Vietnam on June 24 as both countries seek to expand economic cooperation.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
EuroCham proposes solutions for Vietnam’s ongoing power shortages
The European Chamber of Commerce in Vietnam has urged the Ministry of Industry and Trade to concentrate on renewable energy projects to develop a diversified energy portfolio that can withstand various climate conditions.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
New orders decline to 20-month low in Vietnam: S&P Global
Vietnam’s manufacturing sector contracted further in May with a steepening decline in new orders amid worsening global demand, ratings agency S&P Global announced on Thursday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Deutsche Bank doubles down on commitment to Vietnam
Vietnam and all of ASEAN are key drivers of growth for Deutsche Bank and there is significant long-term potential here on many fronts, Alexander von zur Muehlen, Deutsche Bank’s CEO for Asia Pacific and member of the management board, said in an interview with The Investor.
Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam PM demands further interest rate cuts to improve access to credit
Prime Minister Pham Minh Chinh has requested the State Bank of Vietnam to continue instructing commercial banks to further cut lending rates to help ease the current credit crunch in the country's slowing economy.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Legislator asks PM to minimize fire safety obstacles against businesses
Lieutenant General Nguyen Minh Duc, a National Assembly member, has asked Prime Minister Pham Minh Chinh to instruct an overall review of fire prevention and fighting rules to eliminate obstacles against enterprises.
Top News - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam biggest winner in Economist Intelligence Unit rankings
Vietnam leaped 12 places in the Economist Intelligence Unit's (EIU) newest business environment rankings while Asia is "reorienting away from China".
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Major firms sell off assets on the cheap amid credit crunch: minister
Cash flow troubles have forced many major companies in Vietnam to sell off assets at prices much lower than their market value, Minister of Planning and Investment Nguyen Chi Dung said on Tuesday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Energy, global minimum tax issues top government-corporate dialogue
Energy development policies and the impact of the Global Minimum Tax (GMT) were two of the issues that took center stage at a meeting between Vietnamese government leaders and foreign corporate representatives on Saturday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
AmCham exec plans to drive clean energy, digital economy and wellness
Gregory Testerman was in January elected chairman of AmCham Vietnam in Ho Chi Minh City for 2023. The Investor talks with him about what he will do to implement the chamber's missions.
Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7
Major US business mission comes knocking at Vietnam's door
Representatives of more than 50 U.S. companies including Boeing, Netflix, and SpaceX will be in Vietnam from March 21-23 as part of the largest ever U.S. business mission to discuss investment and business opportunities.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
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