The positive results posted by Vietnamese manufacturers in support industries over the last 20 years have come mostly on the back of the development of the local motorcycle industry. Despite the government’s policies to limit the number of vehicles on Vietnam’s streets, there have been many opportunities in place for manufacturers to grow, according to Ms. Truong Thi Chi Binh, Vice Chairwoman and Secretary General of the Vietnam Association of Supporting Industries (VASI). “They are willing to be involved further in automobile support industries once volumes in the industry are sufficiently large, along with government support in terms of policies,” she said. Bright side The Export Mechanical Tool JSC (EMC), the Nhat Quang Steel Limited Company, and the Manh Quang Mechanics Co. - three of VASI’s 224 members - have posted good results from the flourishing motorcycle market. Reaching 3.38 million local and imported vehicles in 2018, Vietnam stood behind … [Read more...] about Auto support industries falling short
Long term goals examples
The Hong Kong Institute of Housing becomes one of the Recognized Professional Bodies of the Property Management Services Authority
HONG KONG, CHINA - Media OutReach - 6 December 2019 - The Hong Kong Institute of Housing ("HKIH") is proud to become one of the Recognized Professional Bodies (RPBs) of the Property Management Services Authority ("PMSA"). Since the enactment of the Property Management Services Ordinance (Cap. 626) ("PMSO") by the Legislative Council on 26 May 2016, HKIH has been very involved in all consultations/discussions relating to PMSO subsidiary legislations formulation. Among which, HKIH took the lead in gathering views and suggestions from its professional members and other closely related professional institutions/associations in order to attain comprehensive and feasible recommendations for PMSA's serious consideration. Recently, representatives from HKIH were also invited to attend and offer professional and pragmatic advice during a code of conduct (general and conclusive) focus group meeting in August 2019. HKIH is proud to become one of the first batch of RPBs … [Read more...] about The Hong Kong Institute of Housing becomes one of the Recognized Professional Bodies of the Property Management Services Authority
Startups catching the eye
Vietnam's emerging startup scene is proving to be a case of right place, right time for local and international venture capital funds. Eleven “rising star” startups in Southeast Asia in September converged at the “500 Startups Demo Day” in Ho Chi Minh City to spotlight the dynamic technology landscape in Vietnam and broader Southeast Asia. “There’s more hype about Vietnam’s tech scene now than ever before, as this is an exciting time for Vietnam overall,” said Mr. Eddie Thai, General Partner at 500 Startups Vietnam. “Vietnam is fast becoming an attractive destination for local and international venture capital funds, who are hoping to capture the growing consumer opportunities and leverage the Vietnamese entrepreneurial spirit.” Rising appetite Vietnam’s startup sector is growing at a rapid clip despite the global economic slump and is closing the gap with regional leaders. In only two years, it has made a big leap … [Read more...] about Startups catching the eye
