Participant to market

Jesse Choi, CEO of Sunwah Innovations and director of Sunwah Vietnam talked about Vietnam's market entry opportunities and strategy The webinar received around 100 participants including experts and representatives of corporates, startups, universities, incubators and accelerators, venture capital firms, and business associations from Vietnam and neighbouring countries and territories including Cambodia, Singapore, Japan, South Korea, China, and Hong Kong. Vietnam has seen significant improvements in developing a dynamic and open business environment. In the post-pandemic period, the country stands firm as one of the most attractive destinations in the Southeast Asian region for foreign investors and businesses including venture capital firms and startups. Realising an increasing need from overseas startups and supporting organisations to explore and gain footholds in the market, Sunwah Innovations organised the Vietnam Market Entry Opportunities and Strategy webinar. It was … [Read more...] about International webinar on Vietnam’s Market Entry Opportunities and Strategy

According to the Petroleum Securities Company, Vietnam’s stock market has been in a downtrend since June 15 when it fell more than 20 per cent from its all-time high and around 19 per cent since the start of 2022. The VN-Index has also continuously broken important support levels, notably the highly-expected support test area of 1,200 points. This left investors unable to understand the cause, with some in a state of panic when the stock reached the lowest point last week and plummeted steeply again this week. At a talk show named “Taking action in the eye of the storm” held by VIR on June 23, Ngo The Hien, analyst director of Hanoi Securities Company explained the sharp decline was based on three factors. “The market is impacted by negative signs, particularly news that US inflation is reaching peaks, which prompted the Federal Reserve to increase interest rates by 0.75 percentage points, thus producing market volatility in the global and domestic market,” Hien said. “Secondly, … [Read more...] about Spooked investors keep tabs on market turbulence

Before today's trading session, investors received the news that the Vietnam Securities Depository (VSD) had recently consulted on a draft regulation on clearing and payment of securities transactions under the direction of adjusting the payment time for completing the T+2 settlement cycle of the State Securities Commission of Vietnam. One of the essential contents of this draft is the adjustment of the time for securities settlement and clearing banks to complete payment from 3.30 p.m. to 4 p.m. to from 11.30 a.m. to 12.30 p.m. on the trade date plus two days (T+2). With this new regulation, investors can trade right in the afternoon trading session of T+2. According to the draft, the money for securities transactions will be transferred to investors' accounts one day earlier than the old regulations. Therefore, investors can use the money to buy securities right in the afternoon trading session of T+2 instead of having to advance money as before. The new regulation on clearing … [Read more...] about Securities stocks strengthen after draft on T+2 settlement cycle

Do Hung Viet, Assistant to the Vietnamese Minister of Foreign Affairs, made the remarks while attending the annual debate on women’s rights at the HRC’s 50th regular session in Geneva on June 27. In his speech, Viet highlighted the important role of women, stressing the need to ensuring their rights and development opportunities through specific and effective support policies. He also shared Vietnam’s experience and efforts in this regard, noting Vietnam is one of the countries with the longest maternity leaves in the world. Emphasising the country’s priority for gender equality promotion and women empowerment, he added Vietnam is ready to cooperate with other countries in these common efforts. At the debate, participants underlined the necessity to build comprehensive and effective policies for ensuring gender equality and rights of women, who are in charge of a huge domestic workload but unpaid or underpaid, which has subsequently affected women’s full participation in … [Read more...] about Vietnam keeps prioritizing gender equality promotion: officials

Motorbike tours around Hanoi and cooking classes in Hoi An have made it into the Top 25 Overall Experiences in Asia, as voted on by readers of TripAdvisor. Foreign tourists enjoy Hoi An Eco Cooking Class. (Photo: TripAdvisor) According to TripAdvisor Travelers’ Choice Awards, riding through downtown Hanoi came in at 15th among regional experiences that travelers should not miss out on during a visit to the capital of Vietnam. “Seeing landmarks such as Hai Ba Trung Temple, the Presidential Palace Historical Site, and Long Bien Bridge; sample some of the city’s finest street eats; and soak up the atmosphere in country villages,” readers of TripAdvisor wrote about visiting the capital city by motorbike. Furthermore, taking an Eco Cooking Class in Hoi An followed by a trip to local markets, as well as basket boat and crab fishing, was voted among the best experiences in Asia, coming in at 20th position. Hoi An Eco Cooking Class is a fun and interesting way in … [Read more...] about Hanoi and Hoi An among Top 25 Overall Experiences in Asia

The Asia Pacific Property Awards celebrate the highest levels of achievement in the architecture, interior design, real estate and property development sectors in the region. LIXIL also reaffirmed its support for the IPA through the signing of a new three-year sponsorship. The Asia Pacific Property Awards are one of the biggest and most recognized awards in the industry with over 1,200 entries received from countries across the region. Sponsored by LIXIL Asia through its power brands GROHE and American Standard for the fourth year, the Asia Pacific Property Awards is the largest branch of the International Property Awards (IPA). The IPA winners are judged rigorously by over 100 of their peers and industry experts on design, quality, service, innovation, originality, and commitment to sustainability. IPA winners are held up as industry role models for their commitment to excellence and hard work. The live IPA event was greeted with enthuasism from winners and participants … [Read more...] about LIXIL announces continuing support for the Asia Pacific Property Awards

A historic agreement The European Union (EU) and the Association of Southeast Asian Nations (ASEAN) started negotiations for a region-to-region free trade agreement in 2007. After negotiations were suspended in 2009, the EU decided to pursue bilateral trade agreements with the individual ASEAN member states. Negotiations between the EU and Vietnam on a free trade agreement were launched in 2010. Following the completion of technical discussions, talks were finalized in December 2015. In February 2016, the full text of the EVFTA was published. However, the official signing of the trade deal was delayed due to the pending judgment of the Court of Justice of the European Union (CJEU) on jurisdiction for the conclusion of the EU-Singapore Free Trade Agreement. To take the 2017 CJEU opinion into account, the original deal was split into the EVFTA and the EU-Vietnam Investment Protection Agreement (EVIPA) in June 2018. Both agreements were signed on June 30, 2019 in Hanoi. The European … [Read more...] about EU trade deal offers opportunities to increase exports

Mindset change coming from the top at BAEMIN Some argue that the proliferation of online shopping and food ordering services has increased the demand for single-use plastic. How big a problem is this? Plastic waste is definitely among the most pressing issues that the food tech industry needs to find solutions for, besides food waste and increased carbon footprint. While people usually mention plastic waste only, I think it’s equally important to factor in other aspects of environmental challenges in the food technology industry that we face so we can come up with more solutions. Since 2020 in many parts of the world, the use of single-use and disposable food packaging has increased as some believe it to be safer and more hygienic. Users, although becoming more environmentally conscious, seldom consider using leftovers for future meals or reusing meal boxes, plastic bags, or disposable cutlery. To renovate ourselves, we need to find a better solution because packaging … [Read more...] about Mindset change coming from the top at BAEMIN

Patricia Marques, general manager of Starbucks Vietnam How tough is the coffee competition in Vietnam this year and how do you expect things to pan out moving into next year for your company? Competition is up there. We have plenty of competitors and there are an enormous number of players in the market, although not necessarily competing in the same arena. Although we may all be coffee brands, some brands are more skewed towards teas or fruit drinks. So in the coffee arena, we find that there is plenty of competition and in the next few years, we will probably continue to see even more than now, considering that many international players are not yet in Vietnam. The quality of Vietnamese coffee beans can be unstable from year to year, so how do you support farmers in places like Dalat to ensure quality is up to standard? In my role, I have no participation in the sourcing or the buying of Starbucks Coffee for the world. However, as a company, we try to be as close as … [Read more...] about Starbucks CSR initiatives gather pace

From May 24 to June 30, the Vietnam Private Sector Competitiveness Enhancement Project (USAID IPSC), has organised a 5-week training course called “E-commerce – a must in Industry 4.0”, as part of its cross-cutting market expansion support package for Vietnamese businesses. At the end of the course, participants attended the event “Connecting business with domestic and international e-commerce platforms” to learn from successful, real-world experiences from e-commerce platforms including Amazon Global Selling and Shopee. According to Nguyen Thi To Uyen, head of the building business management capacity at USAID IPSC, the project is funded by the United States Agency for International Development (USAID), with the support of the Ministry of Planning and Investment as the government partner. The expert also showed participants how to use analysis tools from Amazon as well as other platforms for conducting market research and store management. Lasting for five years, the … [Read more...] about USAID IPSC Project connects Vietnamese enterprises with e-commerce giants