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
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Vietnam’s economic growth is expected to slow down due to a resurgence of the coronavirus pandemic (COVID-19) that has tightened the labor market, lowered industrial output, and disrupted agricultural value chains, according to a report released today by the Asian Development Bank (ADB). The country’s economy is expected to grow 3.8% this year and 6.5% in 2022, according to the Asian Development Outlook (ADO) 2021 Update. Growth picked up in the first half of 2021, largely because of higher trade volumes, but slowed down in the second half of the year as the fourth wave of the pandemic took a toll on business and the labor market. Inflation will be muted in 2021 and 2022 due to the slower growth. “The prolonged COVID-19 pandemic and extended lockdowns have weakened consumption and investment, hampering Vietnam’s growth prospects," said ADB’s Country Director for Vietnam Andrew Jeffries. “But the Vietnamese economy will bounce back if the COVID-19 pandemic is brought under control … [Read more...] about Vietnam’s economy to slow down due to prolonged Covid-19: ADB
Vietnamese Ambassador to the Czech Republic Thái Xuân Dũng speaks at the event. — VNA/VNS Photo PRAGUE — The Vietnamese Embassy together with the association of Vietnamese enterprises in the Czech Republic earlier this week held a forum on promoting trade and investment between the nations. Speaking at the event, Vietnamese Ambassador to the Czech Republic Thái Xuân Dũng highlighted the importance of trade and investment promotion, particularly when both countries and others are seeking solutions for post-pandemic recovery. He said the forum aimed to help participating firms discuss issues related to the EU-Việt Nam Free Trade Agreement (EVFTA) so that they could come up with more suitable business plans and strategies. Trade between the nations hit US$936 million in the first half of 2021, up 28 per cent on-year, thanks to both sides’ efforts and the EVFTA’s impact. Participants focused their discussion on opportunities for Vietnamese enterprises with the coming-into-force … [Read more...] about Forum promotes Việt Nam-Czech Republic trade, investment
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
HCM City’s Củ Chi District again welcomes visitors after a long period of social distancing because of the COVID-19 pandemic. — Photo vietnamnet.vn HCM CITY — People in HCM City will be allowed to travel if they have received a second dose of a COVID-19 vaccine at least two weeks earlier or were infected and recovered from the disease. The city Steering Committee for COVID-19 Prevention and Control has listed this among safety requirements for tourists to allow tourism businesses to resume operations. They apply to accommodation establishments, tour operators and outdoor tourist attractions though only in areas deemed to be at low risk of COVID infection. The businesses need to meet all 10 safety criteria issued by authorities, and failure to meet even one will result in closure. They must provide hand disinfection products and a convenient hand-washing place with clean water and soap for both staff and tourists. All surfaces touched by people should be disinfected and … [Read more...] about HCM City to allow fully vaccinated tourists to revive travel industry
VinFuture Science Dialogue PVI INSURANCE TAKES LEAD IN THE NON-LIFE INSURANCE MARKET 29 years of commitment “For a brighter life” DestinAsian has honoured Capella Hanoi belonging to Sun Group as the “Best New Hotel in the Asia – Pacific region" Using the Platform of CAEXPO and CABIS to jointly boost Economic Recovery through enhanced pandemic control cooperation The Sherpa - a subsidiary of Masan - has just announced its acquisition of 70% of Mobicast shares with a total cash consideration of VND295.5 billion. What advantages does this group offer to enter into telecommunications and digital services play which is dominated by a number of major telecom companies? Telecommunications and digital services - a piece to its “Point of Life” strategy The Sherpa - a subsidiary of Masan - has just announced its acquisition of 70% of Mobicast shares with a total cash consideration of VND295.5 billion. Operating under the brand Reddi, Mobicast is a … [Read more...] about Entering into telecommunications and digital services play, what competitive edge does Masan offer?