Business

Debuting on Sept. 10, 2020, "Nguy - Co" (Risks and Chances) talkshow has aired 31 episodes, gathering guest speakers from a variety of fields including technology, real estate, finance, services, entertainment, consumption, and transportation. Each episode attracts hundreds of thousands of views and thousands of comments on multiple platforms, including VnExpress, YouTube, Facebook, and Spotify. Soan Dang, CEO of S-world Multimedia, the talkshow's producer, said she constantly received messages, calls, handwritten letters, encouragement and support from the business community, especially influential and young entrepreneurs. Among the audience, 85 percent of viewers hail from Vietnam and 15 percent from abroad. (From L) Shark Hung, Shark Linh, CEO Soan Dang and host Phi Van. Photo by S-world. "Enterprises are the backbone of the economy. As soon as they step away, business activities would come to a standstill or firms go bankrupt, causing a negative impact on the … [Read more...] about ‘Nguy-Co’ talkshow: The journey to bring Vietnam’s business stories to the world

Vietnam’s digital economy presents chances for investors, start-ups The newswire techwireasia.com on June 16 ran an article saying that Vietnam has been steadily growing its highly promising digital economy, presenting multiple opportunities for investors, startups, and businesses alike. The author wrote that in recent years, the Southeast Asian region has been seeing rapid and sustained efforts and investment into various digital economy initiatives by both the public and private sectors. Tech giants have been creating waves, most recently the Tokopedia-Gojek merger, and earlier, Grab pushing for a US listing with a valuation of over 40 billion USD. Estimates by Google, Temasek, and Bain & Co predicted that the Vietnamese sector could grow to 52 billion USD by 2025, which comes up to about a sixth of the massive 300 billion USD regional digital economy pie. According to the article, backed by a stable political climate, progressive economic policies, and … [Read more...] about VIETNAM BUSINESS NEWS JUNE 18

First-quarter low growth seeks solutions The nation's economic growth in the first half of the year was at a rate lower than that targeted in the wake of the COVID-19 pandemic hurting production and business activities. The government is mulling over new solutions to drive the economy forwards, with some international forecasts still proving upbeat. Based on economic performance in the first five months of this year, the government has just reported to the National Assembly Standing Committee its fresh forecast that the economy’s total GDP in the first six months of this year will be nearly VND4 quadrillion (US$174.4 billion), up about 5.8% year-on-year, or 0.42 percentage points lower than the target of 6.22% as set out in the Resolution No.01/NQ-CP released on January 1 on the key tasks for the implementation of the socioeconomic development plan and state budget estimates for 2021. The 5.8% rise will also be 0.12 percentage points lower than the government’s … [Read more...] about VIETNAM BUSINESS NEWS JUNE 19

A VnExpress survey found that many HCMC’s houses whose rents had fallen by 40-50 percent in 2020 saw these fall further this May and June, with tenants asking the landlords for reductions because their businesses had been suffering because of the fourth Covid-19 wave. The rents of houses on Ky Dong Street in District 3 fell by half over last month. The landlords agreed to reduce house rents to support the tenants whose businesses have been suspended since May 31 when the city launched a social distancing campaign. Nguyen, who rents a house to his run business at the Hang Xanh intersection in Binh Thanh District, said his landlord lowered the rent by 20 percent in May and 30 percent in June. House rent for July will be renegotiated depending on the Covid-19 situation, he added. Landlords who own houses in the central area of District 1, including Huynh Thuc Khang, Ho Tung Mau, and Dong Khoi streets have also reduced rents by 20-30 percent starting June. Meanwhile, many owners … [Read more...] about HCMC business premises rents continue downward spiral

At the launch ceremony (Photo: VNA) Jakarta (VNA) - The ASEAN Coordinating Committee on Micro, Small, and Medium Enterprises ( ACCMSME ) recently launched ASEAN Access, a one-stop business information gateway for international-oriented firms to expand their market outreach within the ASEAN and beyond. The launch took place in commemoration of the upcoming International MSME Day, celebrated every June 27 annually. Deputy Secretary-General for ASEAN Economic Community Satvinder Singh welcomed the ASEAN Access as the latest addition to ASEAN’s trade facilitation support for businesses operating in the region. He called on the national focal points to actively play their roles to promote, contribute contents, and secure quality service providers to ensure the ASEAN Access serves its purpose for the ASEAN business community. In her remarks, Dato Ahmad, Chair of ACCMSME and Secretary-General of the Ministry of Entrepreneur Development and Cooperatives of Malaysia, … [Read more...] about ASEAN’s business information gateway debuts