VN wood and furniture firms eye Mexico, Canada Mexico and Canada will be promising markets for Viet Nam’s wood and furniture products when the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) takes effect in early 2019, according to the Ministry of Industry and Trade. Deputy Minister Tran Quoc Khanh said exports to Canada were worth over US$129 million last year and are expected to top $140 million this year. “The CPTPP will open opportunities for products such as wood flooring and bars to Canada because the market will immediately scrap the import tariff of 3.5 per cent when the agreement comes into effect. “Products such as plywood, picture frames, door frames and especially furniture will also have an opportunity because import tariffs of between 6 per cent and 9.5 per cent will be eliminated as soon as the agreement comes into effect. “Wooden handicrafts will also benefit when Canada agrees to abolish the 7 … [Read more...] about BUSINESS NEWS IN BRIEF 19/12
Vendor risk management best practices
BUSINESS NEWS IN BRIEF 27/11
Enterprise Rent-A-Car to enter Vietnamese market The US’s biggest car rental company, Enterprise Rent-A-Car, will officially offer its services in Viet Nam starting on November 29. The company’s website enterprise.vn is now opening for rental services, with vehicles of five to 29 seats. The prices range from VND800,000 (US$34.19) a day for a Suzuki Vitara to VND2.6 million per day for a Samco bus. Enterprise’s car rental services in Viet Nam (and Asia) are licensed to MP Executives – a subsidiary of MP Group – which has more than 23 years of experience in the logistics industry in Viet Nam. Viet Nam is the first country in Asia to use Enterprise’s car rental service. In addition to providing services in the US, Enterprise is available in 84 other countries. Vingroup opens three technology firms Vingroup’s goal in the next 10 years is to become a world-class technology-industry-service corporation in which technology plays a major role. — … [Read more...] about BUSINESS NEWS IN BRIEF 27/11
How to avoid cloud risks
Robert Trong Tran, director of Cyber Security Assurance Service at PwC, talks to VIR about how to avoid cloud security pitfalls. Potential cloud threats In Vietnam, the importance of cloud security has often been underestimated. Many business leaders still consider cloud services as the best solution for ensuring data security. This is not entirely accurate. The aforementioned incidents had several things in common. All occurred on a public cloud, where security configurations are sometimes complex, disjointed from on-premises standards, and often misunderstood. All companies could have benefited from a more detailed design and implementation of cloud infrastructure, business processes and security policies, and all suffered from a vaguely defined ‘shared responsibility model’ that created exploitable loopholes. It doesn’t end there. In the broader market, there are many common pitfalls which are often left unaddressed. According to the Lloyd’s Class of Business … [Read more...] about How to avoid cloud risks