Small business news articles

The capital market, digitalization, energy transition, climate change, and strategic infrastructure are key potential fields for Warburg Pincus to focus on in Vietnam. Vietnam’s business environment and macroeconomic conditions have become more stable and favorable for foreign investors, said CEO of global private equity firm Warburg Pincus Charles Kaye at a meeting with Prime Minister Pham Minh Chinh on May 15. Prime Minister Pham Minh Chinh and CEO of global private equity firm Warburg Pincus Charles Kaye. Source: VGP Kaye said investors are concerned about the four major issues, including the capabilities of local companies, macro-economic stability, infrastructure, and the authorities' responsiveness. In this regard, Kaye said Vietnam could do more in infrastructure development as one of the measures to improve the business environment. The CEO also revealed a plan to expand the equity firm investment portfolio in Vietnam’s real estate market and … [Read more...] about Vietnam’s business environment favorable for foreign investors: Warburg Pincus

He was speaking during a meeting with the US business community in Washington DC on May 12 (US time), as part of the Vietnamese leader’s trip to the US. The meeting was held by the US-ASEAN Business Council and the US Chamber of Commerce. PM Chinh affirmed that Vietnam always considers the US as a leading, important partner. He said the impressive growth of bilateral trade of between 17-20 per cent a year proves that there remains ample room for economic development between the two countries. Prime Minister Pham Minh Chinh meets US investors and business leaders in Washington DC on May 12 (US time) — VNA/VNS Photo Vietnam is the ninth largest trading partner of the US. Two-way trade turnover between the two countries in 2021 reached nearly US$112 billion in spite of difficulties caused by the COVID-19 pandemic, the PM said. PM Chinh added that Vietnam is focusing on technology renovation, digital transformation and diversification of the supply chain. The … [Read more...] about PM Chinh meets US business community

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

Bùi Thị Thu Thảo training for the SEA Games 31. — Photo courtesy of Thảo Thanh Nga The SEA Games 31 marks the return of Bùi Thị Thu Thảo in the long jump category which will start today in Hà Nội. “I am ready for the event and to devote myself to the Games to bring home a gold medal,” Thảo said. At the region's biggest sports event in the Philippines in 2019, Thảo couldn’t participate because of injury. After that, she started a family and also did not set a date to return to competitions, partly because of her small child and partly because of the influence of the COVID–19 pandemic. After two years away from events, late last year, Thảo returned to compete at the National Athletics Championship, where she reminded everyone of her prowess to take gold with 6.27m. This achievement was still far from what she had done at the Asian Games in 2018 (6.55m) and SEA Games 29 (6.68m), but it was her great return nonetheless. In 2017, Thảo won a gold medal at the Asian championship, … [Read more...] about Long jumper Thảo ready to leap back into competition

A view of HCM City. Many banks have temporarily ceased lending to the property sector. — Photo vneconomy.vn Deputy Governor of the State Bank of Viet Nam, Dao Minh Tu, announced at the Government’s March press conference that credit growth in the first quarter of the year had been 5.04 per cent, much higher than the 2.16 per cent rise in the same period last year. He described it as a “quite positive result” that showed the economy had made a significant recovery with people’s lives and businesses returning to normal thanks to the Government’s effective measures against the COVID-19 pandemic. According to a report by the SBV’s HCM City office, credit growth in the country’s main economic hub was estimated at 3.65 per cent in the first quarter. The positive performance has encouraged many banks to set high goals for the full year. At its annual general meeting on March 16, VIB approved a growth target of 30 per cent, much higher than the cap of 14 per cent set by the central … [Read more...] about Not lending to property sector will have mixed effects: analysts

Greek President Katerina Sakellaropoulou arrived in Hà Nội's Nội Bài International Airport on Sunday, beginning her official visit to Việt Nam. VNA/VNS Photo HÀ NỘI — Greek President Katerina Sakellaropoulou arrived in Hà Nội on Sunday, beginning her official visit to Việt Nam at the invitation of Vietnamese President Nguyễn Xuân Phúc. Within the framework of the five-day visit, the Greek President will visit the Monument to Heroic Martyrs and Hồ Chí Minh Mausoleum, hold talks with President Nguyễn Xuân Phúc, pay a courtesy visit to Party General Secretary Nguyễn Phú Trọng, and meet with Chairman of the National Assembly Vương Đình Huệ. She will also attend a document signing ceremony and meet with the press, visit the Temple of Literature and attend some local events. The visit is expected to contribute to consolidating political trust and deepening the multi-faceted cooperation between the two countries. The visit takes place in the context that the traditional friendship … [Read more...] about Greek President’s Việt Nam visit expected to deepen multi-faceted cooperation

A microplastic fibre is zoomed 50 times by a microscope. A group of biologists and researchers found microplastic contamination in the air of Đà Nẵng in 2021-22. Photo courtesy of Trịnh Đăng Mậu Công Thành ĐÀ NẴNG — Microplastic pollution in the air in both inner and suburban areas of the central city of Đà Nẵng has become serious. Microplastics can go directly into the lungs during daily activities. A group of biologists and researchers from the University of Science and Education under Đà Nẵng University has reported their independent survey and research on microplastic pollution in the central hub, the first of its kind in central Việt Nam. Common types of microplastics in the air that had been collected in a four-month survey in six districts of Đà Nẵng City between 2021-22 were only observed by microscope with sizes from 850 to 900 micrometres. Smaller fibres from 300mr to 600mr accounted for nearly 40 per cent of the total samples collected. Plastic bottles and … [Read more...] about Microplastic pollution found in Đà Nẵng air

Prime Minister Phạm Minh Chính has a meeting with US Special Presidential Envoy for Climate John Kerry in Boston on May 14 (US time). — VNA/VNS Photo Dương Giang HÀ NỘI — Prime Minister Phạm Minh Chính met with US Special Presidential Envoy for Climate John Kerry in Boston on May 14 (local time) as part of his working trip to the US. PM Chính highlighted Kerry’s heartfelt sentiments towards the country and people of Việt Nam, as well as his responsibility and enduring contributions to Việt Nam-US relations over the past years. He also praised Kerry for his role in building the two-Party consensus in the US in supporting the relationship with Việt Nam, especially the settlement of war consequences – part of the process of reconciliation and trust-building between the people of the two countries. Việt Nam consistently pursues a foreign policy of independence, self-reliance, peace, friendship, cooperation, development, multilateralisation and diversification of relations, and … [Read more...] about US climate envoy Kerry pledges to assist Việt Nam with energy transition, climate change

Visitors at the last edition of the Vietnam International Premium Products Fair. This year the fair will be held from June 2 to 5 at the Saigon Exhibition and Convention Centre. — Photo courtesy of Coex Vietnam HCM CITY — The Việt Nam International Premium Products Fair will be held again in HCM City after being delayed due to the COVID-19 pandemic. VIPREMIUM 2022 returns from June 2 to 5 with a mission of connecting domestic and foreign businesses in the beauty - fashion, premium food and beverages, gift and houseware, smart devices, healthy and eco-friendly items, stationery, and office items industries, according to the organisers. To be held at the Saigon Exhibition and Convention Centre, the fair will have 350 booths set up by 250 companies, and is expected to welcome 10,000 buyers and visitors. Among its highlights will be the Korea Sourcing Fair with brands from across Korea and premium consumer products. Seminars will be hosted on the sidelines by experts on various … [Read more...] about Vietnam International Premium Products Fair attracts over 250 exhibitors

PM Pham Minh Chinh (front, third from right) and other officials at the opening ceremony of the FPT Software office in New York on May 15 (Photo: VNA) New York (VNA) – Prime Minister Pham Minh Chinh attended the opening ceremony of an office of FPT Software , a subsidiary of the FPT Group , in New York city on May 15, as part of his working visit to the US and the UN. This is FPT Software’s second office in New York , 10th in the US, and 58th in world. The company is providing technological and digital transformation services for tens of businesses in the Fortune 500 list in the North American country. After 14 years of operating in the US, FPT Software now has 450 employees and its clients are from 30 states across this country. The US is currently one of the two largest markets of the company, whose revenue here rose 52 percent year-on-year in 2021 and 60 percent in the first quarter of 2022. Dang Tran Phuong, Director of FPT America, said FPT Software is … [Read more...] about PM attends opening ceremony of FPT Software’s second office in New York