However, to reap more fruits, these enterprises need closer connectivity and coordination, Nghi suggested.The SCOV wants to build a network of Vietnamese startups in the US and Vietnam, he said, adding that a similar forum will be held in Ho Chi Minh City in January 2018 to foster links among start-ups both in and outside Vietnam.Secretary of the Ho Chi Minh City Party Committee Nguyen Thien Nhan said that the forum was a valuable chance for enterprises from the city and the US to exchange business cooperation and investment opportunities.Ho Chi Minh City wants to learn from experiences of start-up enterprises in the US in order to have appropriate measures to speed up the start-up movement in the city, he said.Nhan told participants that the municipal authorities have just announced a project to turn Ho Chi Minh City into a smart city.Therefore, there are more investment opportunities in the city for foreign businesses, including those invested by Vietnamese people in the US.At the … [Read more...] about Forum connects Vietnamese startups in US and Vietnam
Vietnamese
Forum connects Vietnamese start-ups
Mr. Nghi said doing start-ups is a growing trend, adding that many successful Vietnamese firms in the US want to expand their cooperation with others.Nguyen Thien Nhan, Secretary of the Ho Chi Minh City's Party Committee, said the forum is a valuable chance for enterprises in Vietnam and the US to enhance investment opportunities and cooperation. He said he wants start-ups to exchange experience, thus the city will take steps to boost the start-up trend. At the forum, successful start-ups in science and technology and venture capital shared their experience in investment, business strategies, and development orientation. A similar event will take place in Ho Chi Minh city in January to help connect domestic and overseas start-ups. … [Read more...] about Forum connects Vietnamese start-ups
First Vietnamese Coffee Day on way in Da Lat
December 10 was selected as Vietnamese Coffee Day by Prime Minister Nguyen Xuan Phuc.With the theme “New Development Stage for Vietnam’s Coffee Industry”, Vietnamese Coffee Day includes an international seminar on the development of the country’s coffee industry, with the participation of organizations and entrepreneurs from the world’s leading coffee countries, an exhibition introducing high quality coffee products from famous coffee plantations nationwide, and tours to coffee production and processing areas using high technology in Lam Dong.Visitors will have the chance to learn about the coffee culture of different areas and regions in Vietnam, while producers and enterprises can distribute market information, share experiences, and seek business partners. Local businesses can also promote their products to local and international consumers.Vietnam’s central highlands has over 450,000 ha of coffee trees, accounting for over 90 per cent of the … [Read more...] about First Vietnamese Coffee Day on way in Da Lat
Workshop seeks to boost Vietnamese coffee sector
NDO - A workshop was held in the Central Highlands city of Da Lat on December 9 as part of the first Vietnam Coffee Day to discuss the current state of the Vietnamese coffee sector and the measures required to bolster the sector’s growth in the years ahead.According to reports presented to the conference, Vietnam currently has 645,000 hectares of coffee, with the export volume reaching 1.79 million tonnes in 2016, bringing in US$3.3 billion, of which roasted and instant coffee accounted for slightly over 10%.Vietnam is the world’s second largest coffee bean producer but faces a number of problems, including an increasing area of old coffee trees, a limited processing and storage capacity and a lack of cooperation between coffee growers and enterprises.Furthermore, since a comprehensive strategy to boost exports has yet been formulated, the Vietnamese coffee sector has not succeeded in utilising its own advantages to improve its competitiveness on the global market.Minister … [Read more...] about Workshop seeks to boost Vietnamese coffee sector
Vietnamese retailers worry as country opens market in 2015
Vietnamese retailers have expressed concerns about the increasingly competitive retail market, as the country plans to open up to an influx of foreign retailers required by the World Trade Organisation (WTO) obligations, which will come into effect from January 11, 2015. People shopping at a Co.op Mart in HCM City. Photo by Nld. Under the WTO obligations, Vietnam will have to permit the establishment of wholly foreign-owned businesses, including retailers, and some of the world's leading retailers have expressed great interest in the Vietnamese market. Fierce competition Since Vietnam began to open its markets to foreign retailers beginning in early 2009, with the entry of companies such as Metro Cash&Carry and Lotte Mart, the landscape of modern retail in Vietnam has changed. Some foreign … [Read more...] about Vietnamese retailers worry as country opens market in 2015