Online platforms will help Vietnamese businesses expand their foothold in the foreign market. Vietnamese furniture exporters have been grasping opportunities to expand their foothold in the foreign market as the country is a member of multiple trade deals including the CPTPP and EVFTA, being emerged as an attractive alternative option. Making wooden products in a facility in Ung Hoa District, Hanoi. Photo: Cong Hung Insiders have said that the challenges are huge, but the opportunities since the pandemic have been pushing major buyers in Europe, the US, or Japan to look beyond China. Local firms, however, would not be able to grasp such opportunities if they are unable to approach customers during the pandemic. Taking furniture to online platforms While the Covid-19 pandemic has been causing tremendous hardship for businesses over the world, the combination of traditional and online selling channels is expected to open the door for Vietnam’s wood … [Read more...] about Vietnam’s wood industry strives to extend its reach globally
Fourth industrial revolution
Post-pandemic cooperation prospect of Vietnam, Hong Kong The Vietnamese Ministry of Industry and Trade and the Commerce and Economic Development Bureau of the Hong Kong Special Administrative Region Government (China) jointly held a teleconference on post-pandemic economic recovery – Vietnam-Hong Kong partnership on September 20. Speaking to Vietnam News Agency's correspondents, Anthony Lam, Executive Deputy Chairman of the Federation of Hong Kong Industries (FHKI) and CEO and Vice Chairman of the Golden Resources Development International Ltd., said a number of Hong Kong manufacturers have recently expanded production out of Hong Kong and to ASEAN, including Vietnam, for different reasons. About the potential of cooperation between Vietnamese and Hong Kong firms, Lam said Hong Kong is focusing resources on health care and pharmaceuticals so its businesses could consider investment in those fields in Vietnam. He stressed that Vietnam boasts a young, hardworking, … [Read more...] about VIETNAM BUSINESS NEWS SEPTEMBER 20
Container trucks carry export good at Binh Hiep International Port in Long An Province. — VNA/VNS Photo Thanh Binh Prime Minister Pham Minh Chinh on Tuesday issued a directive promoting the production, circulation, consumption and export of agricultural products in the context of COVID-19 prevention and control. Directive No. 26/CT-TTg said the fourth wave of the COVID-19 pandemic has developed and spread quickly, seriously affecting production, circulation, consumption and export of agricultural products, especially in localities where social distancing is being applied. In order to promptly remove difficulties and obstacles, restore production, circulation, consumption and export of agricultural products, the Prime Minister requested ministries, branches and people's committees of provinces and centrally-run cities to focus on implementing some urgent tasks. The Ministry of Agriculture and Rural Development is responsible for directing localities to deploy solutions to … [Read more...] about PM issued directive on promoting production, circulation and export of agricultural products amid pandemic
Vietnam inked a deal to purchase 10 million doses of Cuban-developed Abdala vaccine against the novel coronavirus during the visit of State Present Nguyen Xuan Phuc to Cuba that ended on Monday. “I am pleased to announce that Vietnam has signed a contract to buy 10 million doses of Cuban-made Abdala vaccine,” President Nguyen Xuan Phuc said during a meeting with the general director of the Mariel Special Development Zone (ZED Mariel) in La Habana, Cuba, on Monday morning. With the signing of the vaccine procurement deal, the Cuba visit of the Vietnamese delegation was a success, demonstrating the special traditional relationship between the two countries, Phuc said. The Vietnamese government had issued a resolution on the purchase of the Abdala vaccine and assigned the Ministry of Health to proceed with the procurement and effective use of the jab in the fight against COVID-19. The three-shot vaccine is developed by the Center for Genetic Engineering and Biotechnology (CIGB) … [Read more...] about Vietnam signs deal to buy 10 million doses of Cuban-made COVID-19 vaccine
It’s unreasonable to close a factory with thousands of workers when only one positive case is found, officials have said. Deputy Prime Minister Le Van Thanh at the conference At an online conference discussing solutions to help enterprises in industrial zones (IZs), export processing zones (EPZs) and hi-tech zones on September 20, 2021, a representative of Nidec Vietnam proposed that enterprises should not be forced to close the entire enterprise when discovering a positive Covid case on production lines. In these cases, enterprises need to quarantine or close the specific production divisions. A representative of Nike Vietnam said that there is no need to close the entire factory if only one positive case is discovered. Separate the person and quarantine their contacts in the factory. Nike wants to allow fully vaccinated workers who have negative testing results to go to work every day Meanwhile, Samsung Thai Nguyen proposed that workers who have two vaccination shots … [Read more...] about Factories with only a few positive Covid-19 cases should remain open under new rules
After acquisition of Mobicast and Reddi, can Masan become the “Reliance Jio” of Vietnam? On September 21, The Sherpa, a subsidiary of Masan Group Corporation, announced an investment of $13 million to acquire a 70-per-cent stake in mobile virtual network operator (MVNO) Mobicast and officially expand to the telecommunications sector. This is Masan's first step into the digital services sector. Mobicast's services target tech-savvy customers with great demand for data usage and digital lifestyle. As a result, the startup can help Masan to complete its offline-to-online offerings of necessities and financial services. An MVNO offers a fast and cost-efficient system to build transmission and reception network infrastructure. Besides this, an MVNO is considered a catalyst for competition in the mobile telecommunications market. MVNO players will develop value-added services on mobile devices, helping to improve quality and diversify experiences. It is estimated that necessities … [Read more...] about After acquisition of Mobicast and Reddi, can Masan become the “Reliance Jio” of Vietnam?