Examples of cooperative businesses

Phan Van Mai, Chairman of the HCMC People's Committee (right) hands over a souvenir to Tan See Leng, Singapore’s Minister for Manpower and Second Minister for Trade and Industry. (Photo: VNA) Chairman of the HCMC People's Committee Phan Van Mai hosted a reception for Tan See Leng, Singapore’s Minister for Manpower and Second Minister for Trade and Industry on August 11. He affirmed that the cooperation between HCMC and Singapore not only brings benefits to the city but also is an important factor contributing to the common development of Vietnam-Singapore relations. At the event (Photo: VNA) Along with potential fields such as smart city building, urban management and green economy, the city expects to strengthen collaboration and share experience in startup development, helping the city become an innovative start-up center of the country and the region, the official said. He hoped that Singapore will share experience to improve the dialogue mechanism between the … [Read more...] about HCMC, Singapore enhance cooperation on human resources development

Illustrative image (Source: VNA) Hanoi (VNA) – Samsung Electronics ’ plan to manufacture semiconductor products in Vietnam has sparked the hope that the Southeast Asian nation will be a new stop for the semiconductor industry . During his recent trip to Vietnam, CEO Roh Tae-Moon unveiled that Samsung will make an additional investment of 3.3 billion USD in the country this year, enabling the Korean technology giant to start producing semiconductor components in Vietnam by July 2023. In fact, part of the investment commitment has been materialised, with 841 million USD for Samsung Complex HCMC-SEHC in Ho Chi Minh City and 1.18 billion USD for Samsung Electro-Mechanics in the northern province of Thai Nguyen. Since 2019, the tech giant has announced that it will raise investment in the semiconductor industry to a whopping 151 billion USD. When Vice Chairman Lee Jae-yong visited Vietnam in 2020, host leaders expressed their wish that Samsung will invest in the … [Read more...] about Vietnam – new stop for semiconductor producers

Illustrative image (Source: VNA) HCM City (VNS/VNA) - As tourism continues to revive, the hotel and tourism industry is suffering from challenges in recruiting qualified human resources post pandemic, industry players warned. Speaking at a seminar on August 9 in HCM City, Dr Nguyen Anh Tuan, director of the Institute for Tourism Development Research, said there was a lack of high-quality staff in the industry. Vu The Binh, chairman of the Vietnam Tourism Association , said that human resources were a weak point for the industry even before the pandemic. “Efficient, hard-working, and resourceful human resources are the backbone of any successful business. It is even more so in the case of the hotel industry.” Successful hotel operations are sustained by customer-oriented and hard-working employees who have adequate competencies, he added. A large number of hotels and resorts stopped operation during the two-year pandemic, and coming back could prove challenging, he … [Read more...] about High-quality human resources key to sustainable tourism industry

Vietnam says that its trade relations with the US have coincided with the World Trade Organization's regulations. Vietnam stands ready to discuss with the US to address issues emerging in trade, Spokeswoman of the Ministry of Foreign Affairs Le Thi Thu Hang said today. Vietnam has always worked with the US through existing mechanisms, including Trade and Investment Framework Agreements (TIFAs), to boost trade and investment for the sake of businesses and people of both sides, Hang shared the view at the press conference on August 11. Warehouse storage of steel products in Vietnam. Photo: VNA On August 8, the US Department of Commerce (DOC) issued an official notice on the initiation of an investigation into trade remedy evasion with respect to a number of steel pipe products imported from Vietnam. According to ASL law firm , Large US steel pipe producers asked the US to launch an investigation after learning that Vietnam was importing Hot Rolled Steel … [Read more...] about Vietnam willing to work with US on emerging issues: Spokeswoman

Hanoi (VNA) – The following is a brief review of the day’s events as reported by the Vietnam News Agency on August 11. - A Government to Business (G2B) conference was opened on August 11, providing a platform where the Government can explore the private sector’s opinions and proposals. Presided over by Prime Minister Pham Minh Chinh, the hybrid event brought together cabinet members, representatives from Party and National Assembly’s committees, local administrations, industry leaders, and businesses. Read full story - National Assembly (NA) Chairman Vuong Dinh Hue has sent a congratulatory letter to the newly-elected Japanese President of the House of Councillors Hidehisa Otsuji. In the letter, the Vietnamese top legislator showed delight at the progress of the Japan-Vietnam Extensive Strategic Partnership for Peace and Prosperity in Asia, including the ties between the two legislatures. Read full story - The National Assembly (NA) Standing Committee looked into the … [Read more...] about ☕ Afternoon briefing on August 11

In a meeting on August 9 with Robert McCooey, Senior Vice President of Nasdaq's Listing Services unit, who leads business development for new listings in Latin America and Asia-Pacific, the Vietnamese diplomat said Vietnam wants to attract big firms from the U.S. to invest in the above-mentioned areas, especially those that can contribute to implementing Vietnam's commitments at the 26th U.N. Climate Change Conference of the Parties (COP26). The Delegation of Vietnam to the U.N. is ready to cooperate with Nasdaq in the organization of meetings and seminars to this purpose, especially on the occasion of working visits of Vietnam’s high-ranking delegations to New York, he affirmed. McCooey said that Vietnam's investment environment has a clear competitive advantage in the region thanks to its flexible response policy to the COVID-19 pandemic, and stable legal system. He welcomed the suggestion of the delegation, saying Nasdaq is willing to work with the delegation to introduce … [Read more...] about Vietnam looks to draw reputable U.S. investors: Ambassador