Great opportunities Vietnam has climbed up the value chain over the years, becoming a key electronics manufacturing hub, attracting stable foreign direct investment with its sound macro fundamentals, preferential tax incentives and an abundance of relatively cheap and productive labor. Electronics, a major driving force of Vietnam’s export growth Vietnamese enterprises are increasingly integrating into the global production chain, as confirmed by international organizations, including the World Bank and the Hongkong and Shanghai Banking Corporation Limited (HSBC) in their reports. For decades an apparel and footwear exporter with a low value added, Vietnam has gradually become an important production center in the technology industry, according to HSBC. Ngo Dang Khoa, HSBC Vietnam’s Country Head of Markets and Securities, said Vietnam has become a production center of electronics and cell phone components, helping it lure an increasing number of foreign … [Read more...] about Vietnam’s star rises in global supply chains
Fundamental digital electronics pdf
Legalities in way of blockchain progress
At the “International experience on blockchain technology development and recommendations for Vietnam” conference held last Friday, Michael R. DiGregorio, the Asia Foundation’s country representative in Vietnam, suggested that the Ministry of Information and Communications (MIC) should allow businesses to experimentally approach areas that are not clearly regulated by laws, such as blockchain. Legalities in way of blockchain progress, illustration photo The Asian Foundation is collaborating with Vietnam Blockchain Corporation and jupviec.vn to pilot the application of blockchain. After the blockchain platform is successfully integrated into jupviec.vn, the system will connect about 2,000 domestic helpers with potential customers through the website and mobile application. This creates favourable conditions for workers when looking for a job, helping to increase their ability to negotiate salaries and other benefits related to their work records and professional … [Read more...] about Legalities in way of blockchain progress
Singapore and Vietnam commit to further strong collaborations
In February, Vietnamese State President Nguyen Xuan Phuc paid a state visit to Singapore, with both nations vowing to continue cementing economic ties. How has this cooperation been implemented so far? Singaporean Ambassador to Vietnam Jaya Ratnam Singapore and Vietnam’s strong economic, trade, and investment ties are underpinned by decades of consistent and meaningful engagement between our governments and peoples. During President Nguyen Xuan Phuc’s state visit to Singapore earlier this year, he and President Halimah Yacob reaffirmed these ties and committed to further collaboration. Our leaders also oversaw the signing of an MoU on economic and trade cooperation between our two countries. We are starting from a very strong base. Singapore has been the leading source of foreign direct investment into Vietnam for the past two years. Singapore is now Vietnam’s second largest foreign investor, with total registered capital of nearly $70 billion. This demonstrates the … [Read more...] about Singapore and Vietnam commit to further strong collaborations
A phased approach to smart cities
How optimistic can you be in evaluating the trends of building smarter cities during this turbulent time in the global economy? Governments around the world are tapping into an arsenal of policy interventions and financing measures to support the transformation of sectors, especially energy and industry, improving energy efficiency, and tackling environmental pollution. Many are adopting a stick-and-carrot approach, including green taxes on harmful environmental activities, tighter regulations, and new environmental standards and certifications for energy performance, emissions, and pollution. Subsidies and tax rebates are used to boost demand for green products and services like electric vehicles (EVs), solar panels, and renewable energy. Loans and grants are also provided to promote green investments in sustainable agriculture, renewable or low-carbon energy sources, energy-efficient buildings, transport, and public infrastructure. There is a robust and wide array of green … [Read more...] about A phased approach to smart cities
Hanoi focuses on supporting business recovery: Mayor
The speedy recovery of businesses has contributed to socio-economic development. Hanoi continues to support business recovery as part of its overall efforts to promote socio-economic development and safe adaptation to the Covid-19 pandemic. Electronics production at Rhythm Precision Vietnam in Noi Bai Industrial Park, Hanoi. Photo: Pham Hung Chairman of the Hanoi People’s Committee Tran Sy Thanh gave the remarks at the national dialogue between the Prime Minister and the business community on August 11. According to Thanh, during the first seven months of 2022, the city implemented a 2% cut in value-added tax for nearly 42,000 businesses, deferred payment of corporate income tax worth VND900 billion ($38.5 million), and reduced taxes and fees worth VND 1.7 trillion ($72.7 million). To date, the banking sector in the city has rescheduled debt payments worth VND63 trillion ($2.7 billion) for 62,000 customers; lowered, froze, and waived interest rates for … [Read more...] about Hanoi focuses on supporting business recovery: Mayor
ASEAN ramps up sustainable initiatives to combat wider global uncertainties
ASEAN member states last week considered an initiative termed the ASEAN Green Deal, which is expected to enable the region to make a gradual transition toward a green future that is sustainable, resource-efficient, resilient, and competitive. ASEAN member states vowed to further tighten cooperation in economic recovery, with new actions advanced The deal will embrace many sectors such as infrastructure, energy, manufacturing, agriculture, transport, the environment, finance, and innovation. The member states reiterated their joint commitment to keeping their markets open for trade and investment, promoting and accelerating trade and investment facilitation initiatives, enhancing transparency, and refraining from imposing unnecessary non-tariff measures to ensure supply chain connectivity, particularly for food, medicines, medical supplies, and other essential products. “Together with efforts in recovery, ministers have underlined the urgent need to boost cooperation … [Read more...] about ASEAN ramps up sustainable initiatives to combat wider global uncertainties