Innovation

Hardy Diec, Managing Director of FedEx Express Indochina. Photo by FedEx Express What’s the status quo with the logistics industry? Supply chains have never been more important. More than that, reliability and accuracy in these supply chains have now become even more paramount. During this pandemic, the logistics industry has proven to be vital, whether in delivering critical healthcare shipments including vaccines and medicine, or delivering huge volumes of e-commerce shipments to end consumers. The pandemic has shifted consumer behavior greatly. The boom in e-commerce will continue to be a powerful engine of the global economy. We’re witnessing how essential supply chains are to business survival, success and growth - they are not just an opportunity to reduce cost. Businesses are rethinking their supply chains, moving to a "just in case" approach for inventory management to counter unplanned scenarios. Being able to receive products and critical components either by … [Read more...] about Innovative logistics models in great demand: FedEx director

At a Saturday conference in Harvard University on Vietnam's development strategy in the 21st century, Prime Minister Pham Minh Chinh said Vietnam's economy has expanded into the fourth largest economy in ASEAN and among the world's top 12 economies with the largest scale of commerce. The country also takes part in 15 active FTAs, he said. Economist David Dapic said Vietnam taking part in FTAs was a major success. Millions of farmers have moved on to work in factories as a result. But the fact that most materials for production are imported from China is a weakness, he added. When the Covid-19 pandemic broke out, borders were closed and there was commercial tension, Vietnam's exports were affected, Dapic said. Vietnam's trade turnover with the U.S. may reach $100 billion this year. Such a figure might be small for the U.S., but Vietnam should take note to remain in constant communication and avoid being accused of currency manipulation, he advised. Nguyen Thi Hong, head of the … [Read more...] about Avoid unworthwhile investments, try estate taxes, Vietnam advised

Japanese pharma firm Eisai Vietnam Co., Ltd opened a new business office in HCM City on Thursday, May 12, 2022. — Photo courtesy of the company Japan-headquartered pharmaceutical company Eisai Vietnam has inaugurated a new business office in HCM City, reaffirming its decades long presence in the country. The new office is located at the Saigon Giai Phong Tower at 432-438 Nguyen Thi Minh Khai Street in the city’s District 3. Yuki Inoue, general director of Eisai Vietnam, said the company aimed to improve the distribution system, introduce innovative drugs, and contribute to improving benefits for patients based on its human health care or “hhc” philosophy. He explained that Eisai's corporate philosophy gives first thought to patients and their families, and to increasing the healthcare benefits that meet significant unmet medical needs. Eisai Vietnam is a wholly owned subsidiary of Eisai Co Ltd, a leading global research and development-based pharma company headquartered in … [Read more...] about Japanese pharma firm opens new office in HCM City

FPT Software is providing services to more than 700 customers worldwide, including 100 Fortune Global 500 firms. FPT Software, a subsidiary of Vietnamese FPT Corporation, on May 15 opened an office in New York, marking its 10th in the US to tap the annual IT growth rate of 6% in the world’s leading IT market. The opening ceremony was attended by Vietnam’s Prime Minister Pham Minh Chinh, who is on his week-long visit to the US. The opening ceremony of FPT Software's New York Office was attended by Vietnam's PM Pham Minh Chinh (4th from left), and representatives from Vietnam and the US. Photos: VGP Located at 295 Madison Avenue, Midtown Manhattan, the new office, which is FPT Software’s 58th unit globally, aims to continue providing services and digital transformation to dozens of Fortune 500 in the US. Midtown Manhattan is the financial hub of New York City, which is home to famous buildings namely the Empire State, Chrysler, and Rockefeller Center that … [Read more...] about FPT opens new office in New York, 10th in US

The relations would be enhanced through commitments in a wide range of fields, including economic, maritime cooperation, building trust, and people-to-people links. ASEAN member states and the US have reaffirmed their shared commitment to strengthen and build more comprehensive ASEAN-US Dialogue Relations. The declaration was included in a joint vision statement released at the US-ASEAN Special Summit, the first-ever held in Washington, D.C., on May 12-13 with the participation of the US president and leaders of the Association of Southeast Asian Nations (ASEAN) member states. The tightened relations are aimed to promote peace, security, stability, and prosperity in the region and ensure that relations remain adaptable to meet new challenges; and appropriately cooperate in international and regional fora of which ASEAN member states and the US are members. The two sides stressed the importance of creating a peaceful environment for strengthening the existing bonds of … [Read more...] about US-ASEAN Joint Statement reaffirms comprehensive Dialogue Relations

Secretary Nguyen Van Nen and experts, researchers are conducting an inspection on Saigon River. (Photo: SGGP) Secretary Nguyen Van Nen shared that he has skimmed through suggestions and proposals of specialists and citizens as to how to develop Saigon River to the fullest. He does appreciate many innovative, practical ideas, especially those by researchers who have spent much time collecting valuable materials regarding the river. The City Party Chief then instructed related state agencies to systemize these useful documents for the city leaders to study. It is expected that the most suitable directions, policies will be devised soon to more effectively exploit possible resources of Saigon River, contributing to the sustainable growth of HCMC. Before this, architecture experts and researchers had shared with the municipal authorities interesting historical, cultural stories related to Saigon River. By Van Minh – Translated by Vien Hong … [Read more...] about HCMC finding methods to effectively exploit Saigon River resources

Vietnamese Prime Minister Pham Minh Chinh (left) met with US President Joe Biden, photo VNA All eyes were focused on last week’s US-ASEAN Special Summit in Washington D.C., where both sides demonstrated their closer ties across many sectors including global health security, climate change, sustainable development, maritime cooperation, human capital development, and education, as well as connectivity and economic engagement, and especially digital development. The US and ASEAN have reaffirmed their commitment to support digital development in the bloc so as to realise its vision “of a peaceful, secure, open, interoperable, reliable and resilient ICT environment”. The US vows to “support development of ASEAN’s digital infrastructure to drive robust, inclusive economic growth and prosperity; and promote development of a secure, resilient, and innovative 5G ecosystem as well as exchange views and experiences on cyber threats and on the regulatory framework and technical standards … [Read more...] about United States widens ASEAN engagement

Marriott Bonvoy celebrates the joy of gastronomy in Vietnam with a two-month food festival Marriott Bonvoy is celebrating the timeless pleasures of good company and great gastronomy in Vietnam this May and June, with the launch of Eat Out with Marriott Bonvoy, a nationwide food festival that promises a series of rewarding dining discounts for Marriott Bonvoy members at more than 20 restaurants across the country. Running from May 1 to June 30, the two-month epicurean extravaganza will showcase the finest cuisine from Marriott’s hotels and resorts in Vietnam. Diners can take advantage of a trio of appetising promotions: Tier 1 offers diverse culinary experiences for just $32.60, tier 2 is priced at $41.30, and tier 3 is available for $50. These promotions apply to an amazing array of F&B events and delicious dishes at participating restaurants and bars. At Four Points by Sheraton Danang, The Lounge is offering its luxury high tea or garden high tea with sparkling wine and … [Read more...] about Marriott Bonvoy celebrates joy of gastronomy with 2-month food festival