In addition, Vietnam has an unprecedented opportunity to tap into the growing momentum of manufacturing moving out of China, which initially began with the trade war with the United States and is now strengthened by supply chain issues which highlighted manufacturers’ over-reliance on China. With the right incentives (primarily tax-related ones) and increased investment in infrastructure, Vietnam can continue to attract the largest manufacturers and continue to move up the value chain, with more investment in high-tech industries. … [Read more...] about Climbing the value chain to maximise investment
True value homes
In a recent study conducted by Ericsson Consumer Lab, 83 per cent of the respondents from 11 countries claim that ICT helped them a lot to cope with the lockdown. The results show an increased adoption and usage of ICT services, such as e-learning and wellness apps, that have helped consumers adapt to new realities, underpinned by connectivity. … [Read more...] about COVID-19 impact shows networks’ crucial role in society: Ericsson Mobility Report
Last year a tragedy took place in the UK, when a lorry smuggling Vietnamese workers turned into a mass grave. Thirty-nine young people were suffocated in the freezing containers near the end of a risky quest for money and a better life. They were well nourished, had the money to pay the smugglers, and could have worked other jobs in Việt Nam to make a modest living. … [Read more...] about How best to measure ‘worth’’?
"It is considered as a status symbol because of the high price and limited supply, which I believe it is part of Moutai's marketing and sales strategy," said David Liu, an analyst and regular baijiu drinker based in Shanghai. … [Read more...] about Kweichow Moutai: ‘Elite’ alcohol brand is China’s most valuable firm
Strong commitment At the 36th ASEAN Summit last week, Prime Minister Nguyen Xuan Phuc stated that the bloc committed to economic liberalisation and connectivity with the early inking of the RCEP. Minister of Industry and Trade Tran Tuan Anh reaffirmed that as ASEAN chair in 2020, Vietnam has been working closely with other member countries to maintain the bloc’s leadership and close co-operation with the five partners, to accelerate finalising RCEP talks and the legal review of the deal’s wording so that it may be inked in Hanoi in November, when the fourth RCEP Summit will take place. … [Read more...] about RCEP benefits on horizon for ASEAN