Dr. Oliver Massmann, General Director of Duane Morris Vietnam LLC, told The Hanoi Times about his views on expectations of foreign companies investing in the long term in Vietnam as the country reopens the economy. What do you think about recent rumors that foreign groups intend to shift their production out of Ho Chi Minh City to other countries due to the impact of Covid-19? The rumors are true and justified, but to see whether the relocation would actually happen, we will have to wait for around six months as it depends on how the Covid-19 situation in Vietnam will turn out. Dr. Oliver Massmann, General Director of Duane Morris Vietnam LLC. Photo: Duane Morris Vietnam In 2020, thanks to its outstanding Covid-19 prevention, the country became one of the most attractive destinations for foreign investors looking to move its production out of pandemic-ridden China. Coupled with the enforcement of the EU-Vietnam Free Trade Agreement (EVFTA), Vietnam …
Experts seek ways for Vietnam to have healthier supply chain
Though the pandemic has seriously impacted the world and Vietnam, it has accelerated the supply chain shift by diversifying, regionalising the production chain and scaling up global value chains. A Samsung Vietnam production line. — Photo diendandoanhnghiep.vn Tran Toan Thang, director of the Department of Industrial Forecast and Enterprise Development (DIFED), National Center for Economic Forecast and Information (NCIF), told a seminar hosted by the University of Social Sciences and Humanities (USSH) in collaboration with the Konrad-Adenauer-Stiftung Foundation (KAS) of Germany on the pandemic influence on the global supply chain and local logistics sector and business operations in Hanoi on October 14: “Though there is global prospects for production, the impact from the pandemic will affect enterprises at least until 2023.” Thang said most of the production chains that Viet Nam can access or have the potential to move to are suitable with the import and …
Continue Reading about Experts seek ways for Vietnam to have healthier supply chain →
A jab in time saves lives
These days there is a huge kerfuffle in my hood in Da Lat as the ‘bung binh’ (roundabout or traffic circle) is being replaced by (wonder of all wonders): A functioning stoplight! The renovation site is a gargantuan mess with no noticeable emphasis on safety, with us locals literally crawling over, under, and around obstacles with the agility of mountain goats (that gem plagiarized from an alert reader comment, I confess), dodging diggers, dump trucks, holes, and trenches whilst traffic whizzes by as if nothing was going on. To add to the spirit of adventure, the configuration of gangplanks that span the various moats in front of my building changes constantly, so when I alight, what was there a few hours ago is absent, replaced by another such device in another location. Short crawl to the corner store I can’t wait to see what happens when the light is installed and functioning. I imagine an initial period of strict compliance, no doubt keenly monitored …