Supply chain books

Great opportunities Vietnam has climbed up the value chain over the years, becoming a key electronics manufacturing hub, attracting stable foreign direct investment with its sound macro fundamentals, preferential tax incentives and an abundance of relatively cheap and productive labor. Electronics, a major driving force of Vietnam’s export growth Vietnamese enterprises are increasingly integrating into the global production chain, as confirmed by international organizations, including the World Bank and the Hongkong and Shanghai Banking Corporation Limited (HSBC) in their reports. For decades an apparel and footwear exporter with a low value added, Vietnam has gradually become an important production center in the technology industry, according to HSBC. Ngo Dang Khoa, HSBC Vietnam’s Country Head of Markets and Securities, said Vietnam has become a production center of electronics and cell phone components, helping it lure an increasing number of foreign … [Read more...] about Vietnam’s star rises in global supply chains

In February, Vietnamese State President Nguyen Xuan Phuc paid a state visit to Singapore, with both nations vowing to continue cementing economic ties. How has this cooperation been implemented so far? Singaporean Ambassador to Vietnam Jaya Ratnam Singapore and Vietnam’s strong economic, trade, and investment ties are underpinned by decades of consistent and meaningful engagement between our governments and peoples. During President Nguyen Xuan Phuc’s state visit to Singapore earlier this year, he and President Halimah Yacob reaffirmed these ties and committed to further collaboration. Our leaders also oversaw the signing of an MoU on economic and trade cooperation between our two countries. We are starting from a very strong base. Singapore has been the leading source of foreign direct investment into Vietnam for the past two years. Singapore is now Vietnam’s second largest foreign investor, with total registered capital of nearly $70 billion. This demonstrates the … [Read more...] about Singapore and Vietnam commit to further strong collaborations

Many programs, fairs, and forums hosted by the city have helped enhance the connection between farmers and hospitality businesses. A conference on ensuring food safety and improving the quality of agro-forestry-fishery products in the 2021-2025 period was held within the framework of cooperation between Hanoi and the northern province of Hoa Binh to promote the consumption of safe agricultural products. Hoa Binh Province's specialties are on display at a trade fair in Hanoi. Photo: TTXVN Nguyen Ngoc Son, the deputy director of Hanoi's Department of Agriculture and Rural Development, told The Hanoi Times that the northern province needs to better implement quality management, food security, and technological cooperation plans and programs, as well as develop the supply chain of safe agricultural products and food for the capital city. He stressed that the province should strengthen large-scale production and deploy high-tech and sustainable production … [Read more...] about Hanoi and Hoa Binh join hands to promote agro-produce sale

How optimistic can you be in evaluating the trends of building smarter cities during this turbulent time in the global economy? Governments around the world are tapping into an arsenal of policy interventions and financing measures to support the transformation of sectors, especially energy and industry, improving energy efficiency, and tackling environmental pollution. Many are adopting a stick-and-carrot approach, including green taxes on harmful environmental activities, tighter regulations, and new environmental standards and certifications for energy performance, emissions, and pollution. Subsidies and tax rebates are used to boost demand for green products and services like electric vehicles (EVs), solar panels, and renewable energy. Loans and grants are also provided to promote green investments in sustainable agriculture, renewable or low-carbon energy sources, energy-efficient buildings, transport, and public infrastructure. There is a robust and wide array of green … [Read more...] about A phased approach to smart cities

A conference to review first-half operations and set out second-half tasks Significant contributions Despite numerous difficulties and challenges, the industry and trade sector yielded positive results in the first half of the year, making significant contributions to the country’s socioeconomic development, Minister Dien said. Nguyen Thuy Hien, deputy director of the Planning Department under the Ministry of Industry and Trade, highlighted bright spots related to the industry and trade sector’s growth goals in the first half of the year. Accordingly, the added value of the industrial sector increased by 8.48 percent compared to a year ago. Total export-import turnover reached an estimated US$371.3 billion, with exports increasing by 17.3 percent to more than US$186 billion. In particular, the export growth rate of the domestic sector (19.5 percent) overtook that of the FDI sector (16.6 percent), reflecting intensified efforts of domestic businesses to restore trade, … [Read more...] about Production back to pre-pandemic level

Emulating the ambitions of Singapore’s high-tech vision, Photo: Le Toan Last week, Prime Minister Pham Minh Chinh urged Singaporean groups to increase their investment in Vietnam, notably in the fields of technology, strategic infrastructure development, logistics, and cutting-edge startups. According to PM Chinh, the Vietnam-Singapore strategic partnership is growing strongly and quickly in all areas, particularly the economy, trade, and investment. The two-way trade increased by over 23 per cent to reach $8.3 billion in 2021, and it reached $4.75 billion in the first half of 2022. He stressed that Vietnam wishes to strengthen its bilateral strategic alliance and learn from Singapore’s experience in establishing an independent, self-sufficient economy in parallel with intense and wide international integration. The PM suggested that the two countries should launch projects and events to commemorate the 50th anniversary of bilateral diplomatic relations and the 10th … [Read more...] about Emulating the ambitions of Singapore’s high-tech vision