Hanoi (VNA) – The National Innovative Entrepreneurship Day (Techfest Vietnam 2020) and the Youth Startup Forum opened in Hanoi on November 27. The opening ceremony saw the presence of Prime Minister Nguyen Xuan Phuc. Techfest Vietnam 2020 is the largest annual virtual event organised by the Ministry of Science and Technology (MOST) to work with international partners to develop and promote science, technology, and innovation. Taking place amid global disruption caused by the COVID-19 pandemic, the event is part of an emerging nation eager to display the dynamism of its startup ecosystem among investors/investment funds, enterprises, and experts worldwide via virtual events. Themed 'Respond - Transform - Breakthrough', the event is structured into 12 technology villages: Medical Technology, Agricultural Technology, Educational Technology, Tourism and F&B Technology, Frontier Technology, Financial Technology, Smart Cities, Social Impact, Student Start-ups, … [Read more...] about Techfest Vietnam 2020 opens
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Hanoi (VNA) – Vietnam’s Ministry of Health has ordered the testing of samples of food packaging imported from countries with large COVID-19 outbreaks to head off potential exposure to the novel coronavirus SARS-CoV-2. The precautionary move comes as Vietnam has largely controlled the domestic situation – it has gone more than 80 days without community transmission – but health authorities warn risks of virus resurgence remain real and significant. To strengthen prevention measures and prevent the spread of the virus into Vietnam, the Ministry of Health, a standing member of the Central Inter-agency Steering Committee on Food Safety, asked the Ministry of Agriculture and Rural Development, the Ministry of Industry and Trade, the Ministry of Finance (the General Department of Customs), and the People's Committees of centrally-run cities and provinces to instruct authorities to take strict control measures, especially against frozen food imported products from … [Read more...] about Health Ministry: Food packaging from COVID-19-hit countries to be tested
Hanoi (VNS/VNA) - The COVID-19 pandemic may have caused disruptions to start-ups and innovative enterprises, but it had also created opportunities for them to turn into real businesses. At the Vietnam Venture Summit 2020 with the theme "Going Digital" in Hanoi on November 25, Minister of Planning and Investment Nguyen Chi Dung said Vietnamese start-ups grew well last year with investments worth more than 800 million USD. However, the pandemic had completely changed the investment picture this year, revealing the limitations of many start-ups. Local and foreign investors, funds and start-ups including Golden Gate Ventures, Softbank Venture, Sequoia, ADB Venture, Quiming Venture, VNG, Grab Vietnam, MoMo, GoJek, VNPay and Tiki Sendo represented the different sectors at the summit. According to the National Centre for Innovation (NIC), Vietnam was a destination for international investors in both FDI and start-up and innovation. Dung said: “This is the right time to continue … [Read more...] about Virus disruptions create opportunities for investment in innovation
Hanoi (VNA) - Vietnam is still regarded by investors as an attractive destination thanks to its stable politics and macro economy, favourable geographical location, and advantages in land and human resources, according to Deputy Minister of Planning and Investment Tran Quoc Phuong. The country has maintained growth in 2020 despite the marked impact of the COVID-19 pandemic on economic activities, Phuong said, noting that Vietnam has, therefore, become a major candidate during the transition of the value chain in Asia. During online investment promotion events with partners in Asia and Europe held recently by the Ministry of Planning and Investment (MPI), major investors again expressed their interest in investment in Vietnam, he added. In fact, major groups such as Apple, Foxcom, and Luxshare have increased their orders and investments in the country, with capital amounting to billions of US dollars. Do Nhat Hoang, head of the MPI’s Foreign Investment Agency, expects that … [Read more...] about Vietnam expects to welcome more investors next year
Colin Blackwell announced and presented the trophy to one of the winning companies in Vietnam HR Awards 2020 When the pandemic started, there was a stark choice for all businesses. Either they could adapt processes or they had to stop. Those that were digital could switch to online remote working and find alternatives to supply chain disruptions. Vitally, their foundation in e-commerce allowed them to scale up those channels fast and even increase sales whilst their old fashioned competitors stumbled. Their bravery and foresight was being rewarded. … [Read more...] about How the best companies in Vietnam grew during COVID?