Small business it support

HCM City (VNA) - A conference was held in Ho Chi Minh City on September 13 to discuss the growing market opportunities for the city’s supporting industries. Pham Lien Anh, a senior expert of the International Finance Corporation (IFC), said the IFC has been sponsoring a Vietnam Supplier Development Programme, which is helping businesses improve their capability, move up the value chain and work with more foreign and multinational companies. The programme was launched to keep existing FDI and attract new investors who have modern technology, and provides a comprehensive evaluation of participating businesses' operation and consultancy, she said. Ngo Bao Anh, a representative of Panasonic Vietnam, said the company exports components from Vietnamese suppliers to its factories abroad, adding that it focuses on competitive suppliers who meet corporate responsibility requirements. Jun Choi, country director of Coex, a Korean exhibition organiser, said there are numerous … [Read more...] about Opportunities for HCM City’s supporting industries discussed

At a booth of the expo Around 180 domestic and international businesses, including firms from Japan, Thailand and China, are showcasing their metal products, hardware, tools, electric and electronic products, machinery and equipment, and manufacturing technology. … [Read more...] about Hanoi hosts second Factory Network Business Expo

Hanoi (VNS/VNA) - For two decades, farmer To Nguyen Ho Hai in the Central Highlands province of Gia Lai grew peppers, enjoying a boon in production. Five years ago, the industry was doing so well, and the price of peppers so high, he more than doubled his investment, increasing from 900 pepper pillars to 2,000.    At the time, farmers took their profits and reinvested with prices hitting as much as 260,000 VND (11.2 USD) per kg at their peak in 2015. Hoang Phuoc Binh, Vice Chairman of the Pepper Association of Gia Lai province’s Chu Se district, recalled the time when peppers were hot in more ways than one.   “Every farmer, every household grew peppers,” he said. “The more profit they earned, the more money they poured in investing in buying land to grow more pepper.” According to Vu Ngoc An, Deputy Director of the provincial Department of Agriculture and Rural Development, when people saw households making profits of up to 500 million … [Read more...] about Quality key to pepper growth, not quantity

Hanoi (VNS/VNA) - The logistics sector is forecast to continue growing strongly this year, with expansion in both retail and e-commerce channels. The Vietnam E-commerce and Digital Economy Agency (IDEA) forecasts that the Vietnamese e-commerce market will reach 10 billion USD this year. The agency also estimated that delivery services would record a revenue growth of 30-40 percent, with the market growing 20 percent and large companies taking a bigger share. In a Google-Temasek report on e-commerce in ASEAN countries, the Vietnamese e-commerce market is estimated to increase from 4.6 billion USD last year to 23 billion USD by 2025. The strong growth of e-commerce is beneficial for other supporting industries, such as logistics and e-payment services. However, the competition in the delivery industry is high as new competitors entered the market in the 2018-19 period, such as Grab Express. The European Union − Vietnam Free Trade Agreement (EVFTA) is expected to take effect … [Read more...] about Delivery services to grow 30-40 percent in 2020

Hanoi (VNA) – Just one month after the founding of the Democratic Republic of Vietnam, on October 13, 1945, President Ho Chi Minh wrote a letter to the industrial and business circles in the country, in which he stressed their great role in the cause of national construction. “While other segments of the nation are working to regain full independence for the country, the industrial and business circles should work to build a firm and prosperous economy and finance. The Government, the people and I myself will do our best to help the industrial and business circles in this construction cause,” he wrote. The reality over the past more than 70 years has proven that the President’s letter remains relevant nowadays, demonstrating his sound strategic guideline and instruction to the cause of national construction, especially in the current trend of international economic integration. President Ho Chi Minh’s thinking on the position and role of the … [Read more...] about Private economic sector – important driver of economy