According to market research by tech firm Reportlinker, the logistics market in Vietnam is in a transition stage and the demand for logistics is rising strongly. High economic growth, increasing domestic manufacturing, rising consumption, and booming e-commerce are some of the key drivers of the Vietnamese freight and logistics market. However, weak transport infrastructure and high logistics costs remain market restraints. Moreover, the booming e-commerce in Vietnam facilitates startups with innovative technologies demanding more efficient logistics services, especially in the areas of last-mile delivery and value-added services. … [Read more...] about Singaporean logistics mainstays keen on expansion
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Among rising stocks, the financial service provider TCH did not earn impressive growth but the stock has still maintained its slight gain with active trading since it was added to the basket. Closing, TCH improved 0.2% to VND20,550 with matching volume of nearly 2.6 million shares. … [Read more...] about Bluechips shine bright, propping up stock market
Samsung’s mobile phones and phone parts are getting more sophisticated and smaller, which change every six months. It is a challenge for Vietnamese enterprises to renovate production lines and technologies, which requires huge capital. “If Vietnamese vendors can provide products with quality, meeting requirements, and at stable reasonable prices, there won’t be a reason for Samsung to refuse to buy products from them,” he said. … [Read more...] about How do VN businesses join the global supply chain?
Close to 15,000 local jobs created in the period were at salaries within the top 40 percent of 2016 salaries. The median income of locals in the sector last year was 7,600 SGD (5,548 USD), well above the national median of 4,600 SGD, she noted. … [Read more...] about Singapore’s financial sector creates 22,000 jobs in 2015-2019
Vietnam’s Ministry of National Defense is working with Cuban experts regarding the production of COVID-19 vaccines, Deputy Minister Tran Don said at a teleconference on COVID-19 prevention and control chaired by Prime Minister Nguyen Xuan Phuc on Wednesday. … [Read more...] about Vietnam’s defense ministry working with Cuban experts on COVID-19 vaccine production