10 ways to promote your business

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

If public agencies consider the work of people and businesses as their own, the number of complaints about administrative procedures will decrease. Lan is a new graduate from a traditional medicine academy. Working as an acupuncturist, Lan often asks her patient if there is pain. Lan said: “When we were at school, we had to prick ourselves with needles. Because if we don't use needles on ourselves, how can we know what the patient feels to do it right?" Lan’s story actually has similarities to administration. Sometimes, the hardships suffered by people and businesses when performing administrative procedures will be less numerous if there are public officials who are more empathetic in the ways that traditional medicine schools teach its students, with the motto of lifelong professional practice. The Vietnam Chamber of Commerce and Industry (VCCI) recently had two big events, both related to administrative procedures and business environment. One was the conference to … [Read more...] about The ‘pain’ of administrative procedures

An online press conference was held by the Ministry of Information and Communications (MIC) and the Vietnam Chamber of Commerce and Industry (VCCI) on June 18 to launch the Make in Vietnam Digital Technology Product 2021 Awards. General view of the launching ceremony. (Photo: VNA) This is the second year the awards have been organised to honour excellent digital technology products that are designed, created and manufactured in Vietnam and have great practical value recognised in the development of the digital economy, digital government and digital society in the country. Speaking at the event, MIC Deputy Minister Phan Tam said that the awards aim to encourage Vietnamese digital technology enterprises to research and create digital technology products. This is the way for Vietnamese businesses to master both technology and products and keep pace with world powers in the research, development and application of new digital technologies, thus rising above in the … [Read more...] about Make in Vietnam Digital Technology Product 2021 Awards launched

Lazada has been supporting Vietnamese businesses via various means With the pandemic continuing to cause havoc, this digitalisation will in turn help build sustainable local communities, especially in more rural parts of the country that have been hardest-hit economically. As a leading e-commerce platform in the region, Lazada has remained strong with the long-standing mission to make it easy to do business everywhere, as well as enhancing the shopping experience for users. In the current pandemic situation in Vietnam, Lazada has activated initiatives to support small- and medium-sized enterprises and farmers, including offering their popular lychee products on the platform. Last month, the platform collaborated with the Vietnamese government and partners to enable the sale of Hai Duong and Bac Giang lychees on Lazada. This initiative is part of Lazada Vietnam’s ongoing efforts to support local businesses and farmers in Vietnamese provinces, and to help them continue their … [Read more...] about E-commerce platforms come to aid of communities