Data from the Ministry of Planning and Investment showed that Thailand had 40 new registered projects, 23 projects registering for capital adjustment and 100 capital contribution and share purchases in Viet Nam with total registered capital of nearly US$1.8 billion last year. … [Read more...] about Thai investment in Viet Nam increases
Mirae asset global investments
Vietnam primed for credit rating agency to boost bond market
The authors of the ADB report recommend that if “issuers remain slow to adopt credit ratings, the government should consider a universal mandate for credit ratings encompassing all publicly and privately listed issuances. While such a requirement will add to transaction costs, it will lead to the development of a credit culture, which is crucial for the development of a vibrant bond market.” … [Read more...] about Vietnam primed for credit rating agency to boost bond market
Hanoi envisages to become international trade hub
Hanoi (VNA) – Hanoi will carry out an array of industry and trade development measures with a view to building Hanoi into an international trade hub in the region and the country, as well as concretising the resolution adopted at the municipal Party Organisation’s 17th congress. … [Read more...] about Hanoi envisages to become international trade hub
VN eyes strong recovery from pandemic this year
Doctor Pham Sy An from VIE said Viet Nam's GDP growth was reported at 2.9 per cent, the lowest figure since the beginning of the Renewal era in 1986. This, however, could still be considered a significant achievement against a backdrop of a reeling global economy due to the COVID-19 pandemic, which sent major economies including the US (-5.9 per cent), the EU (-7.5 per cent) and the UK (-6.5 per cent) nosediving into negative territory. … [Read more...] about VN eyes strong recovery from pandemic this year
Smart manufacturing for accelerated digitalisation
To stay competitive, factories and warehouses must leverage the Industrial Internet of Things (IIoT) and digitalisation to become much more efficient. While industries have automated many processes, secure wireless connectivity empowers factory automation, making industrial automation possible on a much larger scale. By creating a digital foundation, industrial automation will increase productivity and performance. For instance, Ericsson’s factory in Estonia has demonstrated that with AR troubleshooting, the average fault detection time reduction combined with better ergonomics and faster information sharing, can boost productivity by up to 50 per cent. … [Read more...] about Smart manufacturing for accelerated digitalisation