New Mastercard report: E-commerce a COVID-19 lifeline for merchants
An additional $900 billion was spent in online retail around the world in 2020, according to Mastercard’s latest Recovery Insights report.]]>
Posted: Sat, 17 Apr 2021 12:09:49 +0700
Levelling the playing field to raise business competition
Vietnam is boosting the reform of its state-owned enterprises (SOEs) in order to make them more competitive. Raymond Mallon, an economist based in Hanoi since 1991, discusses the need for SOE reforms to focus on the national benefit, with some references to international experiences.]]>
Posted: Sat, 17 Apr 2021 12:09:09 +0700
High-tech success resting on investment
Vietnam is a fertile ground for high-tech development, for both domestic and international tech companies. The population is young, well-educated, and digitally-literate. Smartphone and internet penetration rates, for instance, outperform many other countries around the region and the wider world.]]>
Posted: Sat, 17 Apr 2021 12:04:05 +0700
Vietnam customs revenue hits over US$3.8 billion in Q1
Resumption of economic activities as a result of effective Covid-19 containment has created room for strong rise in trade activities, stated the customs authorities.]]>
Posted: Fri, 16 Apr 2021 19:04:05 +0700
Hai Phong aims to attract 1.5 billion USD in FDI in Q2
The northern port city of Hai Phong targets 1.5 billion USD in foreign direct investment (FDI) in the second quarter of 2021, according to head of the Management Board of Hai Phong Economic Zones Le Trung Kien.]]>
Posted: Fri, 16 Apr 2021 19:02:41 +0700
ACTS eyes expansion to benefit from regional trade flows
The new online customs transit management system – the ASEAN Customs Transit System (ACTS) – will benefit ASEAN cross-border traders, with further expansion to more ASEAN member states and EU-ASEAN economic initiatives to intensify in the future. Igor Driesmans, EU Ambassador to ASEAN, and Paul Mandl, team leader of the ARISE Plus Programme, discussed with VIR’s Bich Thuy the system's benefits and future prospects.]]>
Posted: Fri, 16 Apr 2021 19:02:00 +0700
Plans afoot to aid fortunes of state-owned enterprises
Acall has been made for Vietnam to revise the regulations on the management and use of state capital in enterprises to create state-owned groups that can operate more effectively and contribute more to national economic development in line with the direction of the 13th National Party Congress.]]>
Posted: Fri, 16 Apr 2021 18:59:58 +0700
Investing perception improving for Japan
Vietnam’s GDP success so far this year has been highlighted by the business community, demonstrating the country’s drastic efforts to reach the dual goals of controlling the coronavirus pandemic while maintaining economic development. Nakajima Takeo, chief representative of the Japan External Trade Organisation in Hanoi and vice chairman of the Japanese Chamber of Commerce and Industry, discussed with VIR’s Minh Anh about how important the growth is, and highlights the Japanese business expectations from the new leadership.]]>
Posted: Fri, 16 Apr 2021 18:58:54 +0700
Digital transformation to drive businesses' economic growth
To successfully implement digital transformation, local businesses will have to review their capabilities and needs as well as applying suitable solutions.]]>
Posted: Fri, 16 Apr 2021 10:17:41 +0700
Thai investors scaling up presence with raft of activities
Thai investors are banking on the promising future of the Vietnamese market, with several large conglomerates further increasing their foothold in the country.]]>
Posted: Fri, 16 Apr 2021 08:16:26 +0700
First Vietnamese businesswoman awarded prestigious French honor
Vietjet Air CEO Nguyen Thi Phuong Thao has become the first Vietnamese businesswoman to be conferred the Legion of Honor, the highest French order of merit.]]>
Posted: Fri, 16 Apr 2021 08:14:30 +0700
Dong Thap steps up efforts for investment promotion
The Mekong Delta province of Dong Thap has set forth a plan for trade, investment, and tourism promotion with a total estimated budget of VND10 billion ($434,780).]]>
Posted: Fri, 16 Apr 2021 08:09:10 +0700