Business

Hanoi (VNA) – Just one month after the founding of the Democratic Republic of Vietnam, on October 13, 1945, President Ho Chi Minh wrote a letter to the industrial and business circles in the country, in which he stressed their great role in the cause of national construction. “While other segments of the nation are working to regain full independence for the country, the industrial and business circles should work to build a firm and prosperous economy and finance. The Government, the people and I myself will do our best to help the industrial and business circles in this construction cause,” he wrote. The reality over the past more than 70 years has proven that the President’s letter remains relevant nowadays, demonstrating his sound strategic guideline and instruction to the cause of national construction, especially in the current trend of international economic integration. President Ho Chi Minh’s thinking on the position and role of the … [Read more...] about Private economic sector – important driver of economy

At a booth of the expo Around 180 domestic and international businesses, including firms from Japan, Thailand and China, are showcasing their metal products, hardware, tools, electric and electronic products, machinery and equipment, and manufacturing technology. … [Read more...] about Hanoi hosts second Factory Network Business Expo

After continuous declines in the first months of the year, shrimp exports began to recover in July with an increase of 13.4 per cent and reached $334 million. Enterprises boosted sales to all major markets. Exports to the US increased by 37 per cent, China 48 per cent, and Australia 56 per cent. In particular, the average export price to the US decreased by $1.1 per kilo over the same period last year. … [Read more...] about Overview of Vietnam’s seafood export in July

Hanoi (VNS/VNA) - The logistics sector is forecast to continue growing strongly this year, with expansion in both retail and e-commerce channels. The Vietnam E-commerce and Digital Economy Agency (IDEA) forecasts that the Vietnamese e-commerce market will reach 10 billion USD this year. The agency also estimated that delivery services would record a revenue growth of 30-40 percent, with the market growing 20 percent and large companies taking a bigger share. In a Google-Temasek report on e-commerce in ASEAN countries, the Vietnamese e-commerce market is estimated to increase from 4.6 billion USD last year to 23 billion USD by 2025. The strong growth of e-commerce is beneficial for other supporting industries, such as logistics and e-payment services. However, the competition in the delivery industry is high as new competitors entered the market in the 2018-19 period, such as Grab Express. The European Union − Vietnam Free Trade Agreement (EVFTA) is expected to take effect … [Read more...] about Delivery services to grow 30-40 percent in 2020

It is a public service portal, level 4, to share data, monitor and settle complaints by units in and outside the MoIT such as the Vietnam E-commerce and Digital Economy Agency, the Market Surveillance Department, the Vietnam Competition and Consumer Authority, and industry and trade departments, Hung said. … [Read more...] about New solution to settling disputes in e-commerce