Corporate

Companies are paying more and more attention to the importance of corporate training. Hence, with an aim to boost morale, productivity, and dedication, there is now a boom of options targeted at corporates, from half-day onsite workshops to luxurious week-long teambuilding excursions. Outward Bound Vietnam’s corporate training - illustration photo The effectiveness of these capacity-building sessions is, however, rather questionable. The first problem lies in the setting of many programmes. Some capacity-building programmes take place in a setting that is too familiar, like the office itself, which does not allow the participants to escape their everyday work environment and to be fully immersed in the training. The result is that during many office workshops, participants continue with their work on their phones, checking emails and notifications, or just completely zone out. Furthermore, some settings are not challenging enough to encourage participants to step out … [Read more...] about Outward Bound Vietnam’s corporate training

Without mutual support, domestic manufacturers continue to wait for market capacity to be large enough to accept competition with suppliers from outside. With the right incentives, localisation is expected to boost manufacturing nationwide As many final consumer products require a series of manufacturing processes, when mass producing, one cannot do it all by themselves. This is how new supply chains are formed, however, without the concept of supporting or ancillary industries. Within the motorbike market, each year Vietnam consumes nearly three million units. Such output is very attractive for manufacturers, who easily achieve efficiency brought about by mass production. When implementing localisation, it is not difficult to attract suppliers whose supply chain is specialised and professional at each stage. The supply chain is formed by the needs and advantages of the market, without requiring a policy for the development of the supporting industry. Meanwhile, … [Read more...] about The new face of manufacturing supporting industries

Late last month, FPT Semiconductor officially launched the first line of integrated circuit (IC) chips used in Internet of Things (IoT) products for the medical field. The ICs, which are designed in Vietnam and manufactured in South Korea, will be delivered to customers and current strategic partners in Australia, Taiwan, and China. Next year, FPT Semiconductor plans to supply 25 million chips globally in seven types to meet diverse needs in telecommunications, IoT, automotive technology, energy, electronics, and others. Vietnam picking up slack as hub for chips - illustration photo The chipmaker intends to deploy and supply Vietnamese chips to domestic corporations to develop sustainably and contribute to completing the supply chain of manufacturing equipment for users in Vietnam between 2023 and 2025. According to a Technavio report, Vietnam’s semiconductor industry is estimated to exceed $6.16 billion by 2024. According to US-based technological research and … [Read more...] about Vietnam picking up slack as hub for chips

Manufacturing has been identified as the growth engine of Vietnam’s economy, but the added value from the industry dropped sharply after the pandemic. While in 2019, the added value increased by 8.86 per cent compared to 2018, it only increased by 3.36 per cent in 2020 and 4.82 per cent in 2021, according to the General Statistics Office of Vietnam. Vietnam’s supporting industries seeking incentives - illustration photo Tran Thi Thu Trang, director of Hanel Import-Export JSC, found the current processes tough, especially when it comes to being one step ahead to capture customer needs and orders. “If you miss a beat, you are going to be 1-2 years behind in joining the global supply chain,” Trang said. “The enterprise’s capital has been poured into investment in machinery and equipment and needs support to invest in modern technology to make products more competitive. But currently, the state does not offer specific incentives for enterprises to invest in smart equipment … [Read more...] about Vietnam’s supporting industries seeking incentives

Addressing the Parliamentary Forum in the Context of the G20 Parliamentary Speakers Summit (P20) meeting in Jakarta on October 5, Maharani warned that natural disasters, such as droughts and floods, have continued to occur with increasing frequency. Speaker of the Indonesian House of Representatives (DPR) Puan Maharani. (Photo source: en.antaranews.com) She said all parties must have a sense of urgency as now is the time to act to reduce global emissions, speed up the transition to renewable energy, and implement financial aid and technology transfer for developing countries. The world needs to develop climate change mitigation centered on humans and that will have to start with developing awareness and commitment to preserving nature and the environment, she stressed. The DPR has also taken real actions to support climate change mitigation and adaptation by strengthening sustainable development and the green economy, she stated. P20 is a forum for parliamentary … [Read more...] about Indonesia urges G20 parliaments to address climate change

Over the last two months, Indian investors have organised events and field surveys across the country to look for opportunities. A view of the 2022 Horasis India Meeting (Photo: VNA) The Confederation of Indian Industries led a delegation of 15 leading companies to Vietnam on September 25-28 to participate in the India-Vietnam Business Forums held in the southern province of Binh Duong and Hanoi. Indian investors are looking for local partners to enhance bilateral cooperation in various sectors, such as energy, electric vehicles, IT, petrochemicals, healthcare, water treatment, food and beverages, fertilisers, and food processing. “We want to establish a joint venture with local partners to set up an integrated biotech laboratory, which can be used to manufacture biotech products for agriculture, veterinary products, and aquaculture products,” said Mekala Lakshmi Prasad, managing director of agri- and aquaculture group Sujay Biotech. In late August, 25 automotive … [Read more...] about Indian-based financiers eager to pour further investment into the country