The World Economic Forum on ASEAN (WEF ASEAN) 2018 themed: “ASEAN 4.0: Entrepreneurship and the Fourth Industrial Revolution” held in Hanoi is the most successful regional meeting of the WEF, stated WEF Founder and Executive Chairman Prof. Klaus Schwab. The event saw the presence of General Secretary of the Communist Party of Vietnam Central Committee Nguyen Phu Trong at its opening session. Cabinet members, including the Prime Minister, deputy prime ministers and seven ministers actively joined the WEF’s seminars to discuss and share experiences with other countries. The event with 60 sessions was attended by leaders of ASEAN member countries and partner countries, and representatives of 1,000 multinational groups and 800 domestic businesses.Prime Minister Nguyen Xuan Phuc and WEF Founder and Executive Chairman Klaus Schwab co-chaired WEF ASEAN 2018 which took place in Hanoi on September 11-13. The forum focused on discussing and proposing initiatives, … [Read more...] about WEF ASEAN 2018: The most successful regional meeting of WEF
Entrepreneurial organizations seek opportunities for innovation
SMEs advised to seize opportunities with both hands – Economy
“The Vietnam government has signed many free and bilateral trade agreements with a large number of partners,” Deputy Minister Tu said at a recent seminar, with hopes that they would serve as a platform for local businesses to springboard into the export market. Additionally, with the dong depreciating against the US dollar, Deputy Minister Tu reiterated that now is a good time to re-evaluate the possibilities presented by the global market. “Fundamentally, the nation’s currency is still strong even with the US dollar strengthening” Tu said. “Inflation remains under control, we have full employment and the Made-in-Vietnam brand is, albeit much to slowly, gaining in international recognition.” Local businessmen and women need to be hungrier for exports and more steadfast in their determination to actively seek out and pursue every avenue for growth that presents itself. Though it is true that a stronger US dollar also means more expensive imports … [Read more...] about SMEs advised to seize opportunities with both hands – Economy
Startup fair to take place in Ho Chi Minh City this year
An annual conference and exhibition event dedicated to startups in Vietnam will be held in Ho Chi Minh City for the first time later this year. Instead of Hanoi, the Hatch! Fair 2016, the fourth of its kind, will take place at Grand Palace at 142/18 Cong Hoa Street, Ward 4, Tan Binh District, Ho Chi Minh City on October 7 and 8. The event is meant for everyone in Vietnam to have the chance to participate in and learn about entrepreneurship, while widening their contacts and networks for greater business collaboration, investment opportunities, and growth, its website said. For four years running, the fair, created by Hatch!, has attracted thousands of Vietnam's top startups, entrepreneurial thinkers, private and institutional investors, top local and international mass media, the website added. This year’s edition will feature myriad pre-events, organized in Hanoi, Da Nang, and Ho Chi Minh City. Key activities for the Hatch! Fair will kick off months ahead, with … [Read more...] about Startup fair to take place in Ho Chi Minh City this year
Social Headlines January 14
Gov't makes plans for pension fund The Government has ordered the Ministry of Finance (MoF), State Bank of Viet Nam, and other related agencies to take measures to develop the capital market, with priority given to establishing a Voluntary Retirement Pension Fund. According to MoF, it has drawn up a blueprint for the fund and submitted to the Cabinet for consideration. If it is approved, it would not only help improve the social security system but also the financial market and, especially, help increase the number as well as quality of giant investors, also known as elephants. Several key principles to ensure the fund's effectiveness as well as safety have to be drawn up - like the contribution ratios by employers and employees, investment options and oversight of the fund, and benefits that contributors can enjoy. Phan Thi Thu Hien, deputy director of MoF's Banking and Financial Institution Department, said the ministry is already working on a decree to guide the working of the … [Read more...] about Social Headlines January 14