Speaking at a meeting with executives of leading global firms on the sidelines of the World Economic Forum (WEF) in Davos Thursday, he said Vietnam aims to develop a legal framework that will accommodate the new technologies of Industry 4.0 and accelerate public-private partnerships to create environment-friendly breakthrough products and services. Elaborating on Phuc’s message, Minister of Information and Communications Nguyen Manh Hung said, "Thus, policies will favor new business models based on new technologies." Vietnam and the WEF Thursday signed an agreement for the establishment of a Center for the Fourth Industrial Revolution in Vietnam, which will be connected with similar centers in the U.S. and the EU. The Center for the Fourth Industrial Revolution is a hub for global, multistakeholder cooperation to develop policy frameworks and advance collaborations that accelerate the benefits of science and technology, according to the WEF. "Industry 4.0 is knocking on the door … [Read more...] about PM Phuc at Davos: Industry 4.0 a policy revolution for Vietnam
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Legal conformity and persistence key to exporting goods to U.S.By Huynh Kim A view of the roundtable discussion – PHOTO: HUYNH KIM CAN THO – Two entrepreneurs doing business in the United States have advised Mekong Delta firms to work in line with the law and to be persistent in their efforts if they wish to export their products to the world’s largest economy. The Can Tho Promotion Agency held a roundtable discussion yesterday, which put forward ways to boost exports of agricultural products in Can Tho City and the Mekong Delta as a whole to the United States. The event gathered some 100 firms based in the Mekong Delta. Having lived in the United States for 38 years, Simon Ky Tran, director of Bfarmusa Company, is an experienced consultant for Vietnamese firms, helping them export their agricultural products to the United States successfully. This includes rice in Can Tho City and sugar of Thanh Thanh Cong Group in Tay Ninh Province. He noted that it took … [Read more...] about Legal conformity and persistence key to exporting goods to U.S.
Dinh Hong Ky, vice chairman of Saigon Association of Construction and Building Materials. I recently visited a company in Bologna city in Italy and was impressed with what I saw: They have created an app for designing and manufacturing building materials using artificial intelligence and big data. Users can find information about building materials from brands around the world and use it to create their own interior design. Thus, for the first time, a lay person can do the job of a professional interior designer, thanks to this app. I admired their work and so asked them how they came up with such a product. They told me they built and updated it over several years as information technology progressed rapidly. And so I eagerly began to discuss industry 4.0, big data, artificial intelligence, Internet of Things, cloud computing and digitization, only to find out to my surprise that they know nothing about those trends. They just did what they have always done and kept learning from … [Read more...] about Vietnam’s grand illusions about industry 4.0
PM calls for higher U.S. investment in VietnamThe Saigon Times Daily Prime Minister Nguyen Xuan Phuc greets a U.S. delegate - PHOTO: VGP HCMC - Prime Minister Nguyen Xuan Phuc, at a meeting in New York on September 27 with 40 leading U.S. corporations, including IBM, AIG, AES, GE, AT&T and Walmart, proposed they expand their investment in Vietnam as the country has always tried to make life easy for foreign firms to do business, the Government news website reported. The prime minister added he was willing to listen to what enterprises say about the Vietnamese market and answer all of their questions to help facilitate their projects and business activities in the country. Emphasizing the significant potential of the Vietnamese stock market, which is one of the fastest growing markets in the world, the prime minister expected the participating firms to talk about their expectations of the Vietnamese Government, especially in terms of policies. He also voiced his delight … [Read more...] about PM calls for higher U.S. investment in Vietnam
Deputy PM Trinh Dinh Dung has asked the Vietnamese and United States (U.S.) firms to propose new measures to contribute to maintaining the positive growth momentum in bilateral economic cooperation between the two countries. Photo: VGP The Deputy PM made the call while attending the U.S.-Viet Nam Business Summit on September 10. The event was jointly held by the American Chamber of Commerce (AmCham) in Viet Nam and the Viet Nam Chamber of Commerce and Industry (VCCI) under the theme “Shaping the future of bilateral economic relations”. The conference aimed to discuss effective forms of cooperation between Viet Nam and U.S. investors and companies in the context of the fourth Industrial Revolution, while touching upon the ways to further promote trade and investment between the two countries. In his speech, Deputy PM Dung affirmed that Viet Nam always attaches great importance to and highly appreciates the investment projects of U.S. enterprises, especially the … [Read more...] about Businesses urged to propose measures to facilitate Vietnam-U.S. trade