Vietnamese market

Polish and Vietnamese firms in the food sector exchange information at a B2B meeting in HCM City on December 8. — VNS Photo Viet Nam and Poland are both exporters of agricultural products, but their products complement each other, offering opportunities for the two countries to enhance cooperation in the sector, according to the Viet Nam Chamber of Commerce and Industry. Speaking at the Viet Nam-Poland business meeting in the food sector in HCM City on December 7, Nguyen Huu Nam, deputy director of VCCI in HCM City, said the traditional friendship between Viet Nam and Poland has always been continuously strengthened in all aspects, including trade and investment, adding that the implementation of the EU-Viet Nam Free Trade Agreement has also helped boost their trade ties. Bilateral trade between the two countries has increased significantly in recent years to reach nearly US$2.6 billion last year, a year-on-year increase of 22 per cent. Of this amount, Viet Nam’s exports to … [Read more...] about Polish food firms seek to enter Vietnamese market

The VMBIZ and the MCCM will further promote trade and investment between the two countries in the coming time, especially in food and agricultural sectors. - Illustrative image (Photo: VNA) Kuala Lumpur (VNA) – The Vietnam – Malaysia Business Association (VMBIZ) and the Malay Chamber Of Commerce Malaysia (MCCM) signed a memorandum of understanding (MoU) on cooperation at a ceremony in Kuala Lumpur on December 7. In her remarks, VMBIZ Vice President Nguyen Thi Thanh Van said the MoU marks an impressive milestone in the association's operation, opening potential cooperation opportunities between Vietnamese businesses operating in Malaysia and enterprises of the two countries. The association plans to organise a Week of Vietnamese High-Quality Goods in Malaysia on the occasion of the 50th founding anniversary of the bilateral diplomatic relations, she said. MCCM President Soh Thian Lai expressed his delight at impressive results in trade and investment promotion … [Read more...] about Business association helps connect Vietnamese, Malaysian firms

Speaking at the forum, Deputy Prime Minister Vu Duc Dam said that technology carries the mission of paving the way. He also pointed out three issues, namely institutions, human resources and new problems that need to be solved by modern digital technology. Mr. Vu Duc Dam urged digital technology enterprises to join hands and stay united to seek digital solutions serving the government and people. Deputy Minister of Information and Communications Pham Duc Long affirmed that digital businesses need to have ambitions and pioneer in helping to turn Vietnam into a developed country by 2045. Businesses must turn digital technology into an important driving force for creativity and innovation, he said. The Ministry of Information and Communications will consider changing institutions to better support the development of digital businesses, he said, adding that it will also accompany the Ministry of Education and Training to develop human resources, making it a core for the national … [Read more...] about Vietnamese digital technology industry’s revenue estimated at 148 billion USD in 2022

Vietnam and Korea sign 16 agreements worth $15 billion The forum was organised as part of the official visit of President Nguyen Xuan Phuc to South Korea . Ministries, related authorities and localities of the two countries also signed eight MoU on promoting bilateral co-operation. The event attracted over 500 representatives of businesses from the two countries, including Korean enterprises operating in infrastructure, electronics, finance, transport, and education that expressed their interest in the Vietnamese market. Along with these sectors, permanent deputy prime minister Pham Binh Minh encouraged Korean firms to expand investment in Vietnam in digital technology, electronics, infrastructure, and industrial zones. Previously on December 5, President Phuc received representatives of large enterprises from South Korea, such as LG, Samsung , CJ, Lotte, Hyundai Motor, and Daewoo E&C. Many of them committed to investing additional billions of dollars in Vietnam. … [Read more...] about Vietnam and Korea sign 16 agreements worth $15 billion

Ha said that during the top legislator’s visit to Australia, the two sides discussed various issues in the bilateral strategic partnership, from politics, diplomacy to defense, security, trade, investment, education-training, tourism and people-to-people exchange. Particularly, the Vietnamese N.A. leader underlined that labor cooperation is a priority of Vietnam, stressing that Vietnam is willing to send holiday workers to Australia. Alongside, the two sides also agreed to promote cooperation in issues of global concern such as digital transformation, climate change and just energy transition, said Chairman of the N.A. Committee for External Relations Vu Hai Ha. He said that Vietnam and Australia also shared common interest in peace, security and cooperation in the Indo-Asia-Pacific region, including the ASEAN and the Mekong sub-region. Chairman of the N.A. Committee for External Relations Vu Hai Ha said that regarding parliamentary cooperation, the two sides signed a new … [Read more...] about National Assembly leader’s trip to Australia, New Zealand yield fruits: Official

Vietnamese and Polish enterprises exchange cooperation opportunities at the event. (Photo: VNA) HCM City (VNA) – Ample room remains for Vietnam and Poland to expand their trade and agricultural cooperation, participants said at a trade exchange programme in Ho Chi Minh City on December 7. Nguyen Huu Nam, deputy director of the Vietnam Chamber of Commerce and Industry (VCCI) – Ho Chi Minh City branch said the traditional friendship between Vietnam and Poland has always been continuously strengthened in all aspects, including trade and investment, adding that the implementation of the EU-Vietnam Free Trade Agreement (EVFTA) also helps boost their trade ties. Trade between Vietnam and Poland reached nearly 2.6 billion USD last year, up 22% year-on-year, of which Vietnam’s exports to the Central European country hit more than 2.1 billion USD, a rise of 17% against the previous year. The figure was over 1.6 billion USD in the first seven months of this year. According to … [Read more...] about Vietnam, Poland boast potential for cooperation

Phan Thanh Huu, director of the Phan Le Hoang Anh Co., was sentenced to 16 years in prison; Dao Ngoc Vien, director of the Ocean Hai Phong Co., was sentenced to 17 years; and Nguyen Minh Duc was sentenced to 10 years. The three were all sentenced by the Dong Nai People's Court under the same charges. Other people who were convicted, owners of gas stations who were complicit with the smugglers, were either jailed, fined or given suspended sentences. A former custom officer was sentenced to 15 years in prison for receiving bribes. Numerous material possessions of the convicted men, including 17 ships, 22 tanker trucks, three cars, two motorbikes and 63 mobile phones, have been seized by authorities. Prosecutors said the smuggling was especially dangerous for society as it negatively impacted oil and gas trade and sales, disrupting the market, causing loss to the state budget and severely impacting people’s lives. "Besides the recklessness of the defendants, the crime also stemmed … [Read more...] about Three men jailed for smuggling 198 million liters of gasoline worth $109M

Businesses in Vietnam must embrace the challenges and opportunities of ESG and the new flexible world of work The report highlights the lingering effects of the pandemic, heightened geopolitical tensions, rampant inflation, supply chain fragility and new workforce challenges, and the accelerating pressure for action on Environmental, Social and Governance (ESG) issues, which have created a state of disequilibrium in the Asia Pacific region. A permanent shift in consumer and business behaviour has dramatically changed the trajectory of economies and societies. PwC experts have commented on the impact of five trends on the Vietnamese economy and recommendations to drive growth, competitiveness and resilience in difficult times. “The world is enduring an unprecedented level of disruption. Businesses in Vietnam must embrace the challenges and opportunities of ESG and the new flexible world of work," said Dinh Thi Quynh Van, general director, PwC Vietnam. "The key to advancing … [Read more...] about 5 factors to drive business differentiation and competitiveness in Vietnam

Anphabe presented the Vietnam Best Workplace Survey 2022 On December 7, Anphabe's event 'Symphony of Change' took place in Hanoi, aiming to connect HR leaders, provide updates on the domestic HR trends, and share innovative strategies and methods for businesses and employees to stay strong in the face of change. The company also presented its exclusive Vietnam Best Workplace Survey 2022. According to the report, compared to 2021, businesses have improved employees’ income despite this year's difficult economic situation. Specifically, by September 2022, 56 per cent of employees received a salary increase, 38 per cent remained the same, while only 6 per cent had a salary reduction or unstable income. Anphabe accessed that although these figures are not significant compared to normal years, they had shown great efforts from Vietnamese enterprises, especially when only 35 per cent of employees received a salary increase in 2021. In addition to salary, in 2022, businesses have … [Read more...] about Anphabe holds ‘Symphony of Change’ event

NA Chairman Vuong Dinh Hue (L) and New Zealand PM Jacinda Ardern (Photo: VNA) Hanoi (VNA) – The freshly-ended trip to Australia and New Zealand by National Assembly (NA) Chairman Vuong Dinh Hue helped strengthen cooperation between the legislative bodies of Vietnam and the two countries, contributing to promoting bilateral partnership in various fields as well as coordination at regional and international parliamentary forums, said Chairman of the NA Committee for External Relations Vu Hai Ha . Ha said that during the top legislator’s visit to Australia, the two sides discussed various issues in the bilateral strategic partnership, from politics, diplomacy to defence, security, trade, investment, education-training, tourism and people-to-people exchange. Particularly, the Vietnamese NA leader underlined that labour cooperation is a priority of Vietnam, stressing that Vietnam is willing to send holiday workers to Australia. Alongside, the two sides also agreed to … [Read more...] about NA leader’s trip to Australia, New Zealand yield fruits: Official