The U.S.-ASEAN Business Council (USABC) on Wednesday held a workshop titled Elevating SMBs into Industrial Revolution 4.0 and Inclusive Global Value Chains in the northern province of Hai Phong. Chairman of the Prime Minister's Economic Advisory Team Mr. Vũ Viết Ngoạn, GE General Manager, Ms. Vũ Thu Trang, Ambassador Daniel Kritenbrink, Senior Vice President of the USABC Michael Michalak, Deputy Regional Managing Director of USABC Mr. Vũ Tú Thành and the GE Team wearing protective gear before tour starts at GE factory. Photo by the US Embassy The workshop which saw the attendance of US Ambassador Kritenbrink, Vice Chairman of Haiphong People’s Committee Le Khac Nam, Deputy Director General of Vietnam Customs Mai Xuan Thanh, and Chairman of the Prime Minister’s Economic Advisory Team Vu Viet Ngoạn, aimed to boost the cooperation between U.S. companies and Vietnamese Small and Medium-sized Enterprises (SMEs). The workshop … [Read more...] about The US supports Vietnamese small and medium enterprises
U s asean business council
BUSINESS NEWS IN BRIEF 11/11
Vietnam’s rice exports hit 5.2 million tonnes in ten months Vietnam shipped abroad 264,000 tonnes of rice in October this year for 136 million USD, pushing the total figures so far this year to 5.2 million tonnes worth 2.6 billion USD, up 1.7 and 14.1 percent year-on-year. China remained the leading importer of Vietnamese rice with a growth rate of 24 percent. Strong rises were also seen in many other markets, such as Indonesia, Iraq, the Philippines, and Malaysia. Average rice prices in the first nine months of 2018 reached 503 USD per tonne, up 13.7 percent year-on-year. The highest price was recorded for Jasmine rice with 575 USD per tonne, followed by Japonica with 526 USD per tonne. The export of medium- and high-quality rice increased, while that of low quality types reduced, now accounting for just 2 percent of the total export volume. [Video: Vietnamese rice now top quality on the international market] On October 18 this year, the Philippines closed its bidding and … [Read more...] about BUSINESS NEWS IN BRIEF 11/11
BUSINESS NEWS IN BRIEF 26/10
Vietnam, Japan look to foster trade cooperation A workshop was held in Tokyo on October 22 to discuss measures to promote economic and trade cooperation between Vietnam and Japan. Held by the Department of Trade Promotion (DTP) under the Ministry of Industry and Trade and the Japan-ASEAN centre, the event attracted representatives from more than 100 Japanese and 25 Vietnamese enterprises operating in handicrafts, mechanics, plastic, home furniture and gifts. Speaking at the workshop, Doan Thi Thu Thuy, Deputy General Director of the DTP said Vietnamese goods are present in most markets around the world, and exports are shifting from raw materials to products with higher value such as electronics and smart phones. Notably, Vietnam's agriculture has witnessed a long period of stable growth with an average expansion of 4.4 percent in the last decade, with the export value of Vietnamese fruits surpassing those of rice and crude oil. Assessing Vietnam’s advantages, … [Read more...] about BUSINESS NEWS IN BRIEF 26/10
BUSINESS NEWS IN BRIEF 18/10
Singaporean enterprises seek opportunities in Vietnam A Singaporean mission of nearly 20 firms will visit Vietnam from October 15 to 19 to sound out cooperation prospects. The trip is jointly held by the Vietnam Trade Office in Singapore, the Malaysia-Singapore Chamber of Commerce and Industry and the Singapore Business Federation. According to the organizers, the Singaporean delegation includes representatives of large corporations, such as Sembcorp, which has developed seven Vietnam-Singapore industrial park projects in Vietnam, and NTUC, the retailer accounting for more than half of Singapore’s market share. Besides visits to corporations and industrial parks in Vietnam, there will be trade promotion meetings in HCMC and Can Tho City so that enterprises of the two countries can seek partners and export goods. Representatives of the South Agency of the Ministry of Industry and Trade, the HCMC Department of Industry and Trade and the Vietnam Trade Office in Singapore will also … [Read more...] about BUSINESS NEWS IN BRIEF 18/10
PM calls for higher U.S. investment in Vietnam
PM calls for higher U.S. investment in VietnamThe Saigon Times Daily Prime Minister Nguyen Xuan Phuc greets a U.S. delegate - PHOTO: VGP HCMC - Prime Minister Nguyen Xuan Phuc, at a meeting in New York on September 27 with 40 leading U.S. corporations, including IBM, AIG, AES, GE, AT&T and Walmart, proposed they expand their investment in Vietnam as the country has always tried to make life easy for foreign firms to do business, the Government news website reported. The prime minister added he was willing to listen to what enterprises say about the Vietnamese market and answer all of their questions to help facilitate their projects and business activities in the country. Emphasizing the significant potential of the Vietnamese stock market, which is one of the fastest growing markets in the world, the prime minister expected the participating firms to talk about their expectations of the Vietnamese Government, especially in terms of policies. He also voiced his delight … [Read more...] about PM calls for higher U.S. investment in Vietnam