MIC’s view is that Vietnam’s ecosystem must be developed and provided by Vietnam’s firms and operates in accordance with the market rules. The State will set the ‘rule of game’ with reasonable policies to encourage Vietnamese firms to create products for the ecosystem. As for social networks, in the the year 2019 witnessed the birth of two social networks – Lotus (VC Corp) and Gapo (G-Group), which strives to have 50 million users by the end of 2021. In the past, there were only two ‘purely Vietnamese’ networks (Zalo of VNG and Mocha of Viettel Media). … [Read more...] about Where are the opportunities for Vietnam’s digital production ecosystem?
Fourth industrial revolution
Kuala Lumpur (VNA) – Vietnamese Ambassador to Malaysia Le Quy Quynh on February 27 affirmed Vietnam’s resolve to fulfill its role as Chair of ASEAN in 2020, contributing to building a cohesive and responsive ASEAN Community. The ambassador presented Vietnam’s goals during the ASEAN Chairmanship Year 2020 as part of a programme held by the Malaysian Institute of Diplomacy and Foreign Relations (IDFR) that enabled foreign ambassadors in Malaysia to present their countries’ policies. He said Vietnam has chosen the theme “Cohesive and Responsive” for the ASEAN Chairmanship Year 2020 in order to highlight the decisive importance of solidarity to the grouping’s sustainability amidst regional and global uncertainties, especially the emergence of protectionism and trade competition. “Cohesive” reflects Vietnam’s wish for a united bloc, a stronger community and enhanced regional connectivity. Meanwhile, “responsive” … [Read more...] about Ambassador affirms Vietnam’s resolve to fulfill ASEAN Chairmanship 2020
The Ministry of Industry and Trade is focusing on increasing the industrial sector’s added value. Specifically, the ministry is working with other ministries and sectors on policies and solutions for developing such potential prioritized industries as automobile, textile and garment, leather and footwear, electronics, minerals, and supporting industries. “Small and medium enterprises need to be supported by the state until they are able to compete in the global market and become reliable manufacturing partners of the global production chain, including assistance in innovation, production management, and access to preferential credit, new technology and high quality human resources,” Industry Agency Director Truong Thanh Hoai said. … [Read more...] about Vietnam’s industrial development, exports dogged by low added value
Indeed, many European providers have increased operations in the Vietnamese market in recent years. A third-party logistics provider from France, FM Logistic, is expanding its footprint in Vietnam by building a $30 million warehouse and distribution centre in the northern province of Bac Ninh. The company has also decided to acquire two pieces of land located in premium locations at VSIP Bac Ninh and VSIP2 Binh Duong, in order to build modern facilities. … [Read more...] about Driving VN logistics with deeper bilateral co-operation
Minister of Industry and Trade Tran Tuan Anh has instructed ministry agencies to monitor the situation and make forecasts, besides adopting counter measures, since demand in major markets would also be affected by the epidemic. "We are not pessimistic ... but we must remain proactive." … [Read more...] about Companies face closure amid Chinese raw material shortage