Supply chain

As many more localities have controlled the pandemic and loosened social distancing to resume production and business activities, postal companies have designed scenarios for goods supply. The pressure of ensuring essential goods for people has lessened, so Vietnam Post and Viettel Post are returning to normal operation. However, ensuring smooth supply is still the most important task for both postal companies. Vietnam Post’s CEO Chu Quang Hao said the company has added more functions to transaction points, increasing the number of items and volume of goods to be supplied to people in pandemic hit areas. “We gained dual results when both helping farmers sell farm produce and helping consumers access high-quality sources of food and foodstuff with the e-commerce site Postmart.vn and other direct consumption modes,” Hao said. The pandemic is still ‘hot’ across the country, so post offices in cities and provinces are still closely cooperating with information and … [Read more...] about Postal companies plan for goods supply in ‘new normal’

Vietnam-US trade ties have enjoyed impressive growth (Source: laodong.com.vn) Hanoi (VNA) – The Vietnam-US trade ties have enjoyed impressive growth during 26 years since the normalization of diplomatic ties. Looking back at the past 20 years in international trade, there is no relationship which has such a fast growth rate like that of the Vietnam-US trade relationship, said Nguyen Xuan Thanh , senior lecturer at Fulbright School of Public Policy and Management in Vietnam. Prof. David Dapice , leading expert on development economics in Southeast Asia, Harvard Kennedy School, Harvard University, used the word “spectacular” to describe the development of economic cooperation between Vietnam and the US. Two-way trade rose from over 400 million USD in 1995 to more than 90 billion USD in 2020. Vietnam’s total export turnover to the US from 1 billion USD in 2000 increased to 10 billion USD in 2007, mainly thanks to the bilateral trade agreement taking effect in … [Read more...] about Vietnam-US trade ties enjoy “spectacular” growth

Can Van Luc, chief economist with state-owned lender BIDV, said at an economic forum Monday that severe impacts of the Covid-19 pandemic and ensuing social distancing campaign were main contributors to the Q3 fall in HCMC. If the prediction comes true, it would be the first time since 2000 that Vietnam records a negative GDP growth in a quarter. Revenue from services could fall over 10 percent in the third quarter, while some industries like footwear and beverage recorded a negative growth of 28 percent and 23 percent respectively in August. "A possible negative growth in the third quarter shows that this is the most challenging time for the economy, as social distancing measures in 25 localities, including Hanoi and Ho Chi Minh City have directly impacted manufacturing and services," Luc said. Other experts at the forum expressed similar concerns about the economy. Vu Thanh Tu Anh, dean of the Fulbright School of Public Policy and Management, said that GDP growth will be … [Read more...] about GDP to bounce back after Q3 fall

Sustainability is central to Bayer’s group strategy and an integral part of them company’s business strategies. The company’s innovations, products and services enable it to contribute significantly towards meeting the Sustainable Development Goals set by the United Nations. Both innovation and sustainability are crucial to achieving Bayer’s vision: “Health for all, hunger for none”. Since the COVID-19 outbreaks emerged, Bayer has accelerated this vision more and more. Although the goal will not be achieved overnight, it sets the foundation for Bayer’s future and serves as the mark by which it can measure all activity across the company. In particular, with scientific expertise and innovative strength, Bayer is convinced that it can make a significant contribution to address the global challenges of food security and health. Variety of efforts As Vietnam deals with the pandemic, Bayer has been working hard to bring the vision to bear in the country. Vietnam, like … [Read more...] about Bayer promoting sustainable Vietnam healthcare and agriculture

Ninja Van has secured $578 million in a Series E funding round backed by Alibaba The funds from this round of investment will be allocated towards infrastructure and technology systems that will support a sustainable long-term cost structure, as well as the quality and consistency of Ninja Van’s operations. Funds will also be invested in Ninja Van’s suite of micro-supply chain solutions to help Southeast Asian businesses optimise e-commerce opportunities. “The quality of investors joining us in this round of investment is a clear signal that the market recognises the emerging opportunities for e-commerce logistics in Southeast Asia and how as an entrenched player in the region, Ninja Van is positioned to take a central role in meeting the shifting demands of both businesses and consumers,” said Lai Chang Wen, co-founder and CEO of Ninja Van Group. On the same note, Kenny Ho, head of Investment for Southeast Asia at Alibaba Group said, "We strongly believe in the potential of … [Read more...] about Ninja Van secures $578 million in a Series E funding round backed by Alibaba

The Vietnam-Cuba relationship is a rare one in the world history, which is manifested by Cuban leader Fidel Castrol’s saying “For Vietnam, Cuba is willing to shed its blood.” Despite the far geographic distance as well as ups and downs of the history over the past six decades, Vietnam and Cuba have accompanied each other and given each other warm sentiments, loyal solidarity as well as generous, wholehearted and pure spiritual and material support, especially at the most difficult times in the revolutionary cause of each country. The Cuba visit by President Phuc aimed to continue and deepen this special traditional friendship. According to Foreign Minister Bui Thanh Son, this was the first visit by a foreign head of state to Cuba following the eighth National Congress of the Communist Party of Cuba. This also affirmed the commitment to together marching forward after the Party Congress in each country, creating new motivation and new vitality for the bilateral comprehensive … [Read more...] about President’s trip to Cuba, U.S. – Great success of vaccine diplomacy