Vietnam 

Vietnamese firms need to win over local customers – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News The High Quality Vietnamese Product Business Association chose 542 enterprises to receive the prestigious “Vietnamese High-Quality Goods” certificate in 2019. This figure is nearly 100 fewer firms than in 2018 and fewer than in previous years, reflecting the fact that Vietnamese products face fierce competition from imported ones, in part due to the impacts of free trade agreements and the increasing diversification of modern foreign distribution channels into the domestic market. Chairman of the Việt Nam Chamber of Commerce and Industry (VCCI) Vũ Tiến Lộc…

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Vietnam 

Vietnamese mangoes to be exported to US – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — After 10 years of negotiations, Vietnamese mangoes were licensed for export to the US on Feb 18. Speaking at a ceremony to announce the licence held in Hà Nội on the same day, deputy minister of Agriculture and Rural Development Lê Quốc Doan said US imports of mangoes from Việt Nam have shown effective co-operation between the two countries in the agricultural sector. “Mangoes are a strong fruit of Việt Nam. The approval from the US for the imports has been…

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Vietnam 

Vietnamese firms join world’s largest food, beverage fair in UAE – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Việt Nam’s national pavilion at Gulfood 2018 in Dubai. — Photo thoibaotaichinhvietnam.vn Viet Nam News HÀ NỘI — Twenty Vietnamese enterprises will showcase their products at the 24th edition of Gulfood – the world’s largest annual food and beverage trade exhibition – in Dubai, the United Arab Emirates, from February 17-21. The firms include the Vietnam Dairy Products Joint Stock Company (Vinamilk), the Hanoi Trade Joint Stock Corporation (Hapro), the Nafoods Group and the Vietnam Hanfimex Corporation. The Agricultural Trade Promotion Centre under the Ministry of Agriculture…

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Vietnam 

Vietnamese market best in the region: Deputy PM – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Deputy Prime Minister Vương Đình Huệ. — Photo zing.vn HÀ NỘI — The Vietnamese stock market was Southeast Asia’s most successful market in 2018 in terms of capital mobilisation, said Deputy Prime Minister Vương Đình Huệ. In a New Year meeting held on Sunday, Huệ was quoted by online news outlet zing.vn as saying that the speeding up of the equitisation process has helped Viet Nam’s IPO market lead Southeast Asia in terms of value. “With…

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Vietnam 

Geographical indication protection will enhance Vietnamese products: experts – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News Xuân Hương HCM CITY — Registering for and protecting geographical indication (GI) for Vietnamese specialities are needed to protect, add value to unique products and promote their exports, experts have said. Delphine Marie-Vivien, a researcher in intellectual property and food law at CIRAD, a French research centre specialising in international agricultural and development issues, said: “The origin of food is important for consumers, who value tradition and cultural identity, are sensitive to specific sensorial and organoleptic characteristics of these products. Some consumers are willing…

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Vietnam 

Vietnamese operators speed up with 5G – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viettel will trial 5G mobile technology around the country over the next 12 months.— VNA/VNS Photo  HÀ NỘI — Viettel will trial 5G mobile technology around the country over the next 12 months. Minister of Information & Communications Nguyễn Mạnh Hùng signed a decision to licence the implementation of 5G for the military-run telecommunications company. This licence was granted to test and evaluate technical features and the ability to deploy telecommunications infrastructure using the fifth generation…

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Vietnam 

S Korea largest export market for Vietnamese squid and octopus – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI – The Republic of Korea (RoK) was the largest export market for Vietnamese squid and octopus last year, accounting for 40 per cent of the total value, according to the Việt Nam Association of Seafood Exporters and Producers (VASEP). In 2018, the export value of squid and octopus to RoK increased by 23.7 per cent to US$269.8 million. It recorded the highest growth rate in the top seven largest import markets for Vietnamese squid and octopus. Consistent demand for consumption and advantages…

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Vietnam 

SBV to end cross-ownership in Vietnamese banks – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI – The State Bank of Việt Nam (SBV) has set a target to stop cross-ownership among credit institutions (CIs) by the end of 2020. Under Circular No 46/2018/TT-NHNN, which will take effect from March 1 this year, major shareholders of a CI and their relatives will not be allowed to hold more than 5 per cent of charter capital in another credit institution from December 31, 2020. Major shareholders and their relatives are also prohibited from increasing their stake holdings in any…

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Vietnam 

Laos pledges to facilitate Vietnamese firms’ investment in agriculture – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Lao Prime Minister Thongloun Sisoulith receives Vietnamese businessmen. — VNA/VNS Photo Viet Nam News VIENTIANE — Lao Prime Minister Thongloun Sisoulith has pledged to create favourable conditions for Vietnamese firms to continue investing in agricultural development in Laos. At a reception in Vientiane on Thursday for chairman of Trường Hải Auto Corporation (THACO) Trần Bá Dương and chairman of Hoàng Anh Gia Lai Group Đoàn Nguyên Đức, the Lao PM appreciated the two companies’ strategy on sustainable investment in agriculture in Laos. He urged Hoàng Anh Gia…

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Vietnam 

Nearly $900 million injected into Vietnamese start-ups in 2018 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Fintech topped the list of start-up investment sectors in 2018 with eight deals worth US$117 million. — Photo vir.com.vn Viet Nam News HÀ NỘI — Vietnamese start-ups were invested in to the tune of US$900 million in 2018, tripling the previous year’s investment, according to a report recently released by Topica Founder Institute (TFI), a start-up accelerator programme in Việt Nam and Thailand. VNG Corporation became Việt Nam’s first ever unicorn tech start-up and was valued at $1 billion by the World Startup Report in 2014, a figure…

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