Vietnam is a popular investment destination for French businesses. (Illustrative image. Source: VNA) Hanoi (VNA) – Vietnam is a popular investment destination for French businesses, according to Vincent Florean, French Consul General in Ho Chi Minh City. French enterprises have special interest in Vietnam, he told reporters from Thoi Bao Kinh te Viet Nam (Vietnam Economic Times) on the sidelines of a wine tasting programme in Vietnam on April 5. He said a record number of 27 French wine production firms participated in the event held by the French investment and trade promotion agency. The French government and businesses need to work more to tap markets with high potential like Vietnam, he said. He added that the French aviation, pharmaceutical and agriculture industries make up 30 percent, 17 percent, and 14 percent respectively of the country’s total export turnover to Vietnam. France hopes the EU-Vietnam Free Trade Agreement (EVFTA) will be ratified and come into … [Read more...] about Vietnam – favourite destination of French businesses
Kinh te viet nam
Firms need to go digital
An engineer at FPT Software Co Ltd works in the Hoa Lac Hi-Tech Park. — VNA/VNS Photo Danh Lam In the international integration process, revitalisation and innovation are the quickest way for countries and businesses to embrace digital transformation. That was the message from Deputy Prime Minister Vuong Dinh Hue speaking at an event in Ha Noi on Friday. Hue made the statement at the CEO Forum 2019 organised by Thoi Bao Kinh Te Viet Nam (Viet Nam Economic Times) newspaper, entitled “Business Revitalisation and Innovation: Breakthroughs From Mind to Action”. “The fourth industrial revolution has a strong impact on the economy and society around the world and all the sectors and fields with unprecedented speed,” Hue said. "Viet Nam is deeply integrated into the world economy. In this revolution, Viet Nam faces many challenges but also has multiple opportunities. To shorten the development gap with other countries, digital transformation is a vital step for … [Read more...] about Firms need to go digital
Top 100 products, services chosen by consumers awarded
The top 100 products and services in 2018 selected by consumers are honoured in HCM City on November 29 (Photo: VNA) HCM City (VNA) – The top 100 products and services in 2018 selected by consumers were announced at a ceremony in Ho Chi Minh City on November 29. The selection programme, Tin & Dung (Trust & Consume) Vietnam 2018, was organised by the Thoi bao Kinh te Viet Nam (Vietnam Economic Times). Firms with products and services that made the shortlist include Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), HD Bank, Orient Commercial Joint Stock Bank (OCB), Maybank Kim Eng Securities, FPT, Vietjet, Saigon Alcohol Beer and Beverages Corp. (Sabeco), Hanoi Beer Alcohol and Beverage Joint Stock Corp. (Habeco), Nha Be Garment Corporation, The Reverie Saigon Hotel, and Khanh Hoa Salangane Nest Company. Launched in January this year, the programme received 21,000 paper and 61,000 online votes, recommending more than … [Read more...] about Top 100 products, services chosen by consumers awarded
Hanoi: Traditional market renovation still face challenges
A stall in Long Bien market (Source: VNA) Hanoi (VNS/VNA) - Hanoi’s Long Bien district began a project to renovate old traditional markets to be more modern in 2016, but only 13 of the 20 existing markets have been upgraded so far. The project, initiated by municipal authorities, aims to build or renovate traditional markets across the city into trading centres to meet consumers’ demand as well as hygiene and safety standards. However, Long Bien, like many other districts, is facing many difficulties in the transition. Nguyen The Trong, who manages four markets in Long Bien district’s Ngoc Lam ward, told Thoi bao Kinh te Viet Nam (Vietnam Economic Times) that a traditional market needed to meet at least 10 criteria to be recognised as modern and civilised market. These criteria include infrastructure conditions, fire safety, food safety and hygiene, and public order, he said. After two years of implementation, 13 out of 20 traditional markets … [Read more...] about Hanoi: Traditional market renovation still face challenges
BUSINESS NEWS IN BRIEF 21/10
Samsung concludes third training course for Vietnamese consultants Samsung Vietnam and the Ministry of Industry and Trade (MoIT) rounded off its third training course for Vietnamese consultants in the supporting industry with a ceremony in Ho Chi Minh City on October 19. Speaking at the ceremony, Truong Thanh Hoai, Director of the MoIT’s Heavy Industries Department, pointed out some of the industry’s weak points in terms of competitiveness and spare parts materials, attributing them to the limited management and investment capacity of local companies. He said the Government and other relevant ministries have issued many policies to support the growth of the sector, adding that Samsung’s courses are an important part of such efforts. Eight courses of this kind are scheduled to take place in 2018 and 2019, each lasting for three months, aiming to train 200 consultants in total. They are part of a memorandum of understanding (MoU) between the MoIT and Samsung … [Read more...] about BUSINESS NEWS IN BRIEF 21/10