Austcham business connects

Vietnamese Vice President Võ Thị Ánh Xuân and Thai Deputy Prime Minister and Foreign Minister Don Pramudwinai witnessed the exchanges of memorandums of understanding between Vietnamese and Thai businesses at the forum. — VNA/VNS Photo BANGKOK — Việt Nam welcomes Thai enterprises and creates optimal conditions for them to invest in the areas of Thailand’s strengths and Việt Nam's potential, Vice President Võ Thị Ánh Xuân said on Thursday. Addressing the Việt Nam-Thailand Business Forum in Bangkok, Xuân stressed that Thailand ranks ninth out of the 139 countries and territories worldwide investing in Việt Nam, and second in the Association of Southeast Asian Nations (ASEAN) after Singapore. Thailand is also Việt Nam's biggest trade partner in ASEAN, with two-way trade reaching US$18.8 billion last year, up 18 per cent year-on-year, she said, noting that the two sides are striving to raise the value to $25 billion by 2025. However, Vietnamese investments in Thailand still … [Read more...] about Việt Nam, Thailand strengthen business connectivity

Vietnamese Vice President Vo Thi Anh Xuan and Thai Deputy Prime Minister and Foreign Minister Don Pramudwinai witnessed the exchanges of memorandums of understanding between Vietnamese and Thai businesses at the forum. — VNA/VNS Photo Viet Nam welcomes Thai enterprises and creates optimal conditions for them to invest in the areas of Thailand’s strengths and Viet Nam's potential, Vice President Vo Thi Anh Xuan said on Thursday. Addressing the Viet Nam-Thailand Business Forum in Bangkok, Xuan stressed that Thailand ranks ninth out of the 139 countries and territories worldwide investing in Viet Nam, and second in the Association of Southeast Asian Nations (ASEAN) after Singapore. Thailand is also Viet Nam's biggest trade partner in ASEAN, with two-way trade reaching US$18.8 billion last year, up 18 per cent year-on-year, she said, noting that the two sides are striving to raise the value to $25 billion by 2025. However, Vietnamese investments in Thailand still remain modest, … [Read more...] about Viet Nam, Thailand strengthen business connectivity

Addressing the Vietnam-Thailand Business Forum in Bangkok, Xuan stressed that Thailand ranks ninth out of the 139 countries and territories worldwide investing in Vietnam, and second in the Association of Southeast Asian Nations (ASEAN) after Singapore. Thailand is also Vietnam’s biggest trade partner in ASEAN, with two-way trade reaching 18.8 billion USD last year, up 18% year-on-year, she said, noting that the two sides are striving to raise the value to 25 billion USD by 2025. However, Vietnamese investments in Thailand still remain modest, with only 17 projects worth 32.8 million USD. Vietnam also runs a trade deficit of more than 6 billion USD with Thailand. Briefing the participants on Vietnam’s economy, Xuan said the country prioritizes projects using cutting-edge technologies, modern administration and high added values, promotes sustainable export-import, and seeks to raise its position in the global value chain. Vietnam always attaches importance to and wishes to … [Read more...] about Vietnam, Thailand strengthen business connectivity

Lao Bảo Border Gate between Việt Nam and Laos. — VNA/VNS Photo VIENTIANE — Thailand is discussing with Laos and Việt Nam the opening of bus routes connecting popular destinations of the three countries, according to news website laotiantimes.com . The website said the Thai government has approved expediting negotiations to open a bus route connecting three countries via route R12 from Nakhon Phanom, Thailand to Thakhek, Laos and on to the central province of Hà Tĩnh in Việt Nam. The distance from Nakhon Phanom to Hà Tĩnh is about 300km. The Thai Ministry of Transport says it is doing what it can to expedite the route-opening process, including asking that Laos host the second Trilateral Working Group Meeting as soon as possible in order to discuss the service model and make formal agreements. The three cities are especially attractive to tourists, with local arts and culture attractions, temples, and sacred sites, as well as natural wonders such as waterfalls, … [Read more...] about Bus route connecting Thailand-Laos-Việt Nam in discussion

Construction of Bạch Đằng Bridge is expected to enhance connectivity between the two southern provinces of Bình Dương and Đồng Nai. — Photo www.saigondautu.com.vn HCM CITY — An expressway system connecting the southeast region, including HCM City, and the Cửu Long (Mekong) Delta, is expected to be completed by 2030. It was laid out in the Politburo's Resolution No 13 for socio-economic development and ensuring national defence and security in the delta region until 2030, with a vision towards 2045. Prime Minister Phạm Minh Chính has signed a Resolution issuing an action plan to implement Politburo Resolution No 13. Under the resolution, eastern and western sections of the North-South Expressway, and the HCM City - Sóc Trăng, Châu Đốc - Cần Thơ - Sóc Trăng, Hà Tiên - Rạch Giá - Bạc Liêu, and Hồng Ngự - Trà Vinh expressways will be completed by 2030. A system of seaports and international border gates will be also completed by 2030. The Mekong Delta region is … [Read more...] about Expressway system to enhance connectivity within south region

We agree that a sustained transgenerational entrepreneurial spirit and resilience, accumulated socioemotional wealth, and transformational leadership form the fuel that sustains family businesses through time. Yet, we also emphasise the importance of having good planning, control, and governance in place, and staying abreast of social, environmental, and technological developments to enable family businesses to sustain growth far into the future. Transgenerational entrepreneurialism Legacy is built, not born. It is fair to say that family businesses must be nurtured and adapted to ensure their continuing growth and long-term prosperity. The family business founders’ dream is to have their children and children’s children carry on their entrepreneurial vision and success, hence continuing the family legacy. Next generations are naturally bestowed upon them an obligation to foster entrepreneurialism in their unique abilities to sustain the family’s business heritage. The task … [Read more...] about Family Businesses: Continuing the Future of a Legacy

International School Ho Chi Minh City featured in Queen’s Official Platinum Jubilee Pageant Commemorative Album Dan Truong set to excite audiences at Sun Fest concert Schneider Electric launches inaugural Global Partner Recognition Program Dettol joins hands with HCMC University Medical Center to celebrate World Hand Hygiene Day Capella Hanoi Hotel ranked among top 100 in the world Marc-Antoine Lucchini, Head of Foundation and General Medicines at Sanofi , recently had a business trip to several Asian countries. Among those countries, Viet Nam was highly evaluated for its potential market for healthcare development. The effort of digital transformation and sustainability commitment from Sanofi Like many countries, Viet Nam is facing heavy burdens of morbidity and mortality caused by non-communicable diseases. Being able to control risk factors, improve disease prevention, make early diagnoses and manage treatments of such … [Read more...] about “Viet Nam is a promising market for healthcare,” Senior global leader of Sanofi shared of his business travel to Asia.

From May 24 to June 30, the Vietnam Private Sector Competitiveness Enhancement Project (USAID IPSC), has organised a 5-week training course called “E-commerce – a must in Industry 4.0”, as part of its cross-cutting market expansion support package for Vietnamese businesses. At the end of the course, participants attended the event “Connecting business with domestic and international e-commerce platforms” to learn from successful, real-world experiences from e-commerce platforms including Amazon Global Selling and Shopee. According to Nguyen Thi To Uyen, head of the building business management capacity at USAID IPSC, the project is funded by the United States Agency for International Development (USAID), with the support of the Ministry of Planning and Investment as the government partner. The expert also showed participants how to use analysis tools from Amazon as well as other platforms for conducting market research and store management. Lasting for five years, the … [Read more...] about USAID IPSC Project connects Vietnamese enterprises with e-commerce giants

In order to strengthen connectivity, promote friendly cooperation activities, and attract investment between Vinh Phuc province and Japanese localities and businesses, Vinh Phuc province coordinated with the Ministry of Foreign Affairs, the Japanese Embassy in Vietnam, and the Japan Trade Promotion Organization to organise the a conference on boosting Vietnam-Japan connection, cooperation, and development in Vinh Phuc province. The conference will take place on June 23 at the Dic Star Hotel in Vinh Yen city under the chair of the Vietnamese Minister of Foreign Affairs of Vietnam, Japanese ambassador in Vietnam, agencies and committees, and hundreds of businesses from both countries. During the conference, the participants will visit industrial zones that Japanese enterprises are investing and doing business in Vinh Phuc province; booths of oustanding products of the province, potential investment advantages, as well as achievements of cooperation between Vietnam and Japan. The … [Read more...] about Vinh Phuc strengthens connection and cooperation with Japanese investors

The talk show Digital transformation with 5G – The Path to Smart Factories in Vietnam hosted by VIR reviewed the trends of digital transformation and automation in Vietnam’s manufacturing sector At the talk show Digital transformation with 5G – The Path to Smart Factories in Vietnam hosted by VIR , Seck Yee Chung, member of the Steering Committee of the Vietnam Business Forum's Digital Economy Working Group said, “Companies from different industries have to adapt to new technologies to compete and survive. However, adaptation is not an easy process. I suggest companies can focus on the four As, which include awareness, accessibility, adaptation, and advancement." Chung added, “One of the challenges right now is knowledge. There are so many technologies and so many new exciting opportunities. You see it but where do you start. That is the stage where you are required to assess your needs to see what is critical and who can help you. Small and big companies may struggle to deal … [Read more...] about A more connected manufacturing sector through smart applications