Collective economy

Vice Chairman of the Vietnam Farmers’ Union Luong Quoc Doan speaks at the opening ceremony of the fourth Vietnam Rice Festival on December 13 (Photo: VNA) Addressing the opening of the event on December 13, Vice Chairman of the Vietnam Farmers’ Union Luong Quoc Doan hailed the festival as an important opportunity to boost investment and business development in the rice industry. “The festival aims to support trade promotion and create an opportunity for businesses, cooperatives and individuals in production and business to exchange information on brand promotion and product consumption; to connect supply and demand of consumption markets; and to promote links, joint ventures, and apply new science and technology in production, processing and trade of services, thus improving farmers' incomes, ” Doan said. At the festival’s opening ceremony, the Ministry of Agriculture and Rural Development and the Vietnam Farmer’s … [Read more...] about Fourth Vietnam Rice Festival underway in Vinh Long

A production line at Tien Thinh Production, Trading and Service Company Limited. Vietnamese enterprises need more opportunities to receive technology transfer from foreign investment activities.(Photo: VNA) Hanoi (VNS/VNA) - Vietnamese enterprises need more opportunities to get technology transfers from foreign investment activities and join ventures with foreign partners for sustainable development of the domestic industry. Technology is important in improving global competitiveness for local manufacturers in Vietnam, said BT Tee, General Director of Informa Markets Vietnam. The domestic industrial sector, which contributes 50 percent of national GDP, has a strategic position in the sustainable development of the domestic economy and attraction of foreign investment. Local enterprises must actively improve production scale and technology and connect with professional partners to develop the industry and participate in the global supply chain, said BT Tee. To do this, some … [Read more...] about Domestic industry needs technology transfer

A workshop themed "ASEAN 4.0: entrepreneurs in the fourth industrial revolution” takes place in Hanoi on August 21. (Photo: VNA) Hanoi (VNA) – Opportunities and challenges facing ASEAN enterprises in the fourth industrial revolution (4.0) were the main discussion at a workshop hosted by the Foreign Ministry in Hanoi on August 21. The event, themed “ASEAN 4.0: entrepreneurs in the fourth industrial revolution”, forms part of activities ahead the World Economic Forum (WEF) ASEAN 2018 that will take place in Hanoi from September 11-13. It saw the participation of representatives from ASEAN embassies in Vietnam, ministries, leaders of top local technology enterprises and economic experts. Participants shared ideas and made policy recommendations to help ASEAN enterprises improve their adaptation to and increase their participation in the 4.0 industrial revolution, thus maintaining the region’s active development. In his opening speech, Deputy Foreign … [Read more...] about Workshop talks ASEAN entrepreneurs in revolution 4.0

Board Chairman of NutiFood Corporation Tran Thanh Hai (L) shakes hands with Erik Paulsson, chairman of Backahill Company, after signing a cooperation agreement on September 11 The MoU allows the two companies to set up a 50-50 joint venture, whose total investment capital is not disclosed. The purpose of the venture is to take advantage of each other's strengths. NutiFood is one of the leading companies producing dairy products and nutritious organic foods, while Backahill has a deep understanding of the international market and can help export NutiFood’s products to European and Asian markets. NutiFood sees the cooperation agreement as a further step in expanding its business to reach the global market since its certification by the Food and Drug Administration (FDA) to export its products to the U.S. market. Tran Thanh Hai, board chairman of NutiFood Corporation, said NutiFood had made a very quick decision after meeting with the chairman of Backahill Company, as it had … [Read more...] about NutiFood expands business to Sweden

Vietnam is considered an ideal destination for investing in motorcycle ride-hailing services as it has a population of 90 million and 45 million registered motorcycles. Besides, operating expenses in Vietnam are cheaper than in markets like Singapore and Malaysia. Last year, Go-Jek opined that Vietnam will be the company’s second destination in Southeast Asia, following the Philippines, and its third overseas market in Asia. According to Go-Jek, investing in Vietnam will open up opportunities for it to develop the Go-Pay payment application. Established in 2010 as a phone-based motorcycle ride-hailing service, Go-Jek has evolved into an on-demand mobile platform and a cutting-edge app, providing a wide range of services that includes transportation, logistics, mobile payments, food delivery, and many other on-demand services. Go-Jek is valued at $5 billion. Entering Vietnam, Go-Jek will have to compete with heavyweight competitors like GrabBike and UberMotor. In late September … [Read more...] about Go-Jek to set foot in Vietnam?