Strategic management concepts and cases competitiveness and globalization

Chairman of the British Chamber of Commerce Vietnam Kenneth Atkinson. The trade and investment relationship between Viet Nam and the UK has grown significantly a year after the UK-Viet Nam Free Trade Agreement (UKVFTA) came into effect. Viet Nam News spoke to Chairman of the British Chamber of Commerce Vietnam Kenneth Atkinson about the effectiveness of the trade deal as well as opportunities for further cooperation between the two countries. How do you assess improvements in trade and investment between Viet Nam and the UK a year after implementing the UKVFTA? The UK-Viet Nam FTA came into effect on May 1, 2021 but with retroactive benefits starting January 1, 2021. This was one of the speediest negotiations of any FTA, in large part due to the strong strategic partnership established by the Governments of Viet Nam and UK. The Strategic Partnership has been in place for 10 years and is stated as being at its strongest ever. The UK is the European country that has maintained … [Read more...] about Trade, investment between Viet Nam and UK expand steadily in all sectors

An oil rig of PVN (Photo: Reporter/Vietnam+) Hanoi, (VNA) - PVN has recently proposed plans to make strategic adjustments to support Vietnam's petroleum industry to overcome this difficult period. Gloomy background Assessing the impact of COVID-19 on the world oil and gas market, Goldman Sachs Bank forecasts that global oil demand in 2020 will decrease by record 1.1 million barrels a day. PVN will lose 2.3 billion USD in revenue and its tax payment will fall by nearly 800 million USD. Impacts on oil and gas industry It can be said that the operations of the Vietnam Oil and Gas Group have all been strongly affected by the COVID-19 epidemic, including key projects on prospecting, exploration and production. PVN workers on oil rigs (Photo: Reporter/Vietnam+) In addition, the pandemic had caused a sharp decrease in transportation demand, leading to a decrease in domestic gasoline consumption, seriously affecting the production of the Dung Quat and Nghi Son oil … [Read more...] about Adjustments needed for oil and gas sector to overcome hardships

Speaking at the Vietnam Circular Economy Forum 2022 last week in Hanoi, Caitlin Wiesen, resident representative of the United Nations Development Programme (UNDP) in Vietnam, suggested that the country needs to further promote renewable energy production. “We know that the cost of renewable energy has dropped dramatically, by 89 per cent over the past 10 years, and solar is currently the cheapest source of electricity,” she explained. In just five years, Vietnam has scaled up its solar capacity from virtually zero to over 16,000MW by 2022, far exceeding national targets, Wiesen added. “Vietnam also has rich wind power potential, especially offshore wind, with more than 3,200km of coastline,” she said. Meanwhile, over the past decades, the energy sector has been a fundamental enabler of inclusive economic development in Vietnam. The sector is well-positioned to lead the green growth ambitions of the country, Wiesen said, and can catalyse new investments, create new jobs, and … [Read more...] about Grand energy aims require direction

CHI Hospitality International inaugurates a Stay7 International Hotel in the central city of Nha Trang. —Photo courtesy of the firm South Korean hotel management company CHI Hospitality International has inaugurated a Stay7 International Hotel in the central city of Nha Trang to take the opportunity from the recovery of the country’s tourism industry. Stay7 International Hotel Nha Trang has 203 luxuriously designed rooms at 65 Tran Quang Khai in the heart of Nha Trang City. There is a modern swimming pool on the 28th floor, ranked as one of the city's five most beautiful swimming pools. Currently, CHI Company Group has businesses in Viet Nam, such as in Ha Noi and HCM City, including financial/real estate, manufacturing, industrial logistics, and hotels. They are actively carrying out investment/operation projects in resort development in Da Lat and Phu Tho Province, 5-star hotels in Da Nang City, and residence buildings with about 320 rooms in Thai Nguyen Province. A … [Read more...] about South Korean hotel chain opens in Nha Trang

Steven Jacob - Of counsel, Indochine Counsel The draft decree broadly applies to two types of technology: that used by credit organisations that act as banks according to the Law on Credit Institutions; and independently developed tech in the banking sector from financial institutions. While the draft applies to technology, there is a further restriction on which companies can participate in the sandbox, namely credit institutions and fintech companies that receive authorisation from the State Bank of Vietnam (SBV). Fintech in banking consists of innovative creations and current financial services on tech apps. Related companies are organisations that are not credit institutions, branches of foreign banks with authorisation to act in Vietnam, those which independently provide fintech or information cooperation with credit institutions, and foreign banks that provide fintech to the market. If a company is an eligible company as defined, it must also demonstrate that they … [Read more...] about Digesting fintech sandbox draft rules