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Vietnam 

Amazon establishes subsidiary in Việt Nam – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

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  E-commerce platforms such as Amazon are effective channels to help Vietnamese SMEs export their goods. — VNS Photo HÀ NỘI — Amazon has established a subsidiary in Việt Nam, Amazon Selling Vietnam’s CEO Trần Xuân Thủy told media at the Việt Nam Online Marketing Forum on Wednesday. This was the first official announcement of the subsidiary. Amazon officially entered the Vietnamese market in March last year. The US e-commerce giant has co-operated with the Ministry of Industry and Trade (MoIT) on many programmes to enable local businesses to sell goods on its platform to…

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Việt Nam ranks eighth for global franchise expansion – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

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  A McDonald’s restaurant near Hoàn Kiếm Lake, Hà Nội. Potential sectors for franchising include food and beverage, education, healthcare and nutrition, hospitality and fashion. — VNS Photo Mai Hương HÀ NỘI — Việt Nam is the world’s eighth most valuable market for global franchise expansion, according to the International Franchise Association. The potential sectors for franchising include food and beverage, education, healthcare and nutrition, business services, hospitality, fashion, beauty and skincare, entertainment, children’s services and convenience stores, according to Nguyễn Phi Vân, chairwoman of Retail & Franchise Asia. A report by the…

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Việt Nam faces challenges in developing AI – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

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Deputy Minister of Science and Technology Bùi Thế Duy delivered a speech at the 2019 Việt Nam Artificial Intelligence day (AI4VN). — VNS Photo HÀ NỘI — A shortage of resources as well as a modest number of AI firms have been the biggest challenges for the development of artificial intelligence (AI) in Việt Nam, said Bùi Thế Duy, deputy minister of Science and Technology. Duy told the 2019 Việt Nam Artificial Intelligence day (AI4VN) held in Hà Nội on Thursday that AI has replaced many manual and…

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Vietnam 

Việt Nam, Uruguay ink trade, investment agreement – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

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  Officials at the signing ceremony. — VNA/VNS Photo Trần Quốc Việt HÀ NỘI — The trade and investment promotion agencies of Việt Nam and Uruguay inked a memorandum of understanding on Wednesday on co-operation between the two sides. The agreement will serve as a cornerstone to further collaborate on promoting trade and bring businesses of Việt Nam and Uruguay closer in order to raise bilateral trade revenue, Vũ Bá Phú, director of the Việt Nam Trade Promotion Agency (Vietrade) under the Ministry of Industry, said at the signing ceremony. He expressed his hope that Vietrade…

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Vietnam 

Việt Nam must be more active in exporting fruit – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

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  Nguyễn Quý Dương Nguyễn Quý Dương, deputy director of the Ministry of Agriculture and Rural Development’s Plant Protection Department, speaks with Hải quan (Customs) newspaper about China’s import policies and the need to improve the quality of Vietnamese fruits to meet stricter standards China has tightened import standards for Vietnamese fruits since late last year, making it difficult for firms to access the market. What is your opinion of this move? China has been easing its import policies for a long time so that poor provinces like Yunnan and Guangxi can promote their economies via…

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Vietnam 

Standard Chartered expects Việt Nam to be ASEAN outperformer – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

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  Rice loaded for exports. Việt Nam’s export growth is likely to remain steady and outperform peers. — Photo thoibaotaichinh.vn HÀ NỘI — Standard Chartered forecasts Việt Nam to remain the fastest-growing ASEAN economy in the near term, with 2019 growth projected at 6.9 per cent. The FDI-driven manufacturing sector, which is poised for a fourth consecutive year of double-digit growth, will continue to be a key growth driver. The forecast is highlighted in the bank’s recently published Global Focus – Economic Outlook report for Quarter 3, 2019 entitled “The dovish…

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Vietnam 

Convenience stores expected to be the next big thing in franchising in Việt Nam – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

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  At a Co.op Food franchisee in HCM City. Việt Nam offers huge opportunities for convenience store franchisers. — Photo courtesy of Saigon Co.op HCM CITY — After food and beverage and other sectors, it is the turn of convenience stores franchisers to eye the huge Vietnamese market. According to experts, Việt Nam has all the requisite elements for the retail and franchising industry to boom such as a large consumer base, rapidly rising incomes and a generation of young and educated professionals. Speaking at a seminar on Building an…

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Vietnam 

Việt Nam keeps goal of export value growth at 7.5% in 2019 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

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    Processing shrimp for export. Việt Nam met goals of export value growth at 7.5% in 2019. Photo thegioihoinhap.vn HÀ NỘI –The Ministry of Industry and Trade would not adjust its import and export goals despite current difficulties. Instead it would find the most effective solutions to achieve export growth of 7-7.5 per cent as proposed, Industry and Trade Minister Trần Tuấn Anh said in the meeting on Wednesday. The minister requested in the last months of the year that the Department of Import and Export must research and build…

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Việt Nam jumps 50 places on global cybersecurity index – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

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    Việt Nam ranked 11th in the Asia-Pacific region, which was topped by Singapore, Malaysia, Thailand and Indonesia on the Global Cybersecurity Index. — Photo vneconomy.vn HÀ NỘI — Việt Nam ranked 50th out of 175 countries on the Global Cybersecurity Index (CGI) in 2018, up 50 places from the previous year, according to a report by the International Telecommunications Union (ITU). With a score of 0.693, Việt Nam ranked 11th in the Asia-Pacific region, which was topped by Singapore, Malaysia, Thailand and Indonesia. Việt Nam’s outstanding performance has exceeded…

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Vietnam 

ICT Summit talks digital transformation in Việt Nam – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

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  Deputy Prime Minister Vũ Đức Đam is shown the latest technology on display at the Vietnam ICT Summit 2019 in Hà Nội. — Photo VINASA HÀ NỘI — Digital transformation is an opportunity for Việt Nam to create greater value for each business, make each organisation more efficient and offer better opportunities for every citizen, said Deputy Prime Minister Vũ Đức Đam at the Vietnam ICT Summit 2019 in Hà Nội on Thursday. Đam said that although Việt Nam is currently growing faster than many countries in the region and…

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