PM meets with multinational corporationsDeeper integration urged amongst Mekong countries: WEF ASEANASEAN unity key to deal with US-China trade tensionsWEF ASEAN 2018: PM receives Timor-Leste Foreign MinisterPM urges Carlsberg to expand investment in Việt Nam Automation technologies used in the Taiwan-invested Precision Việt Nam 1 Co Ltd, a manufacturer of automobile parts, located in Vĩnh Phúc Province. — VNA/VNS Photo Trần Việt Viet Nam News HÀ NỘI — According to a survey conducted late last year, 82 per cent of Vietnamese businesses have not taken steps to prepare for the fourth industrial revolution (Industry 4.0), while just 10 per cent said they were ready, Minister of Industry and Trade Trần Tuấn Anh said during a session themed “Digital Market, Global Opportunity” held on Thursday as part of the World Economic Forum on ASEAN in Hà Nội. “One of the significant … [Read more...] about Most Vietnamese businesses are outsiders to the Industry 4.0: trade minister
Trade forum steam
Viet Nam News HÀ NỘI — There remains massive untapped potential for bilateral co-operation between Vietnamese and Taiwanese firms in the sectors of automotive parts, green energy and e-commerce, said Chening Fan, director of the Taiwan External Trade Development Council (TAITRA) - a Taiwanese nonprofit trade promoting organisation. The director made the remarks to the press on the sideline of a business matching conference held yesterday in Hà Nội. The event witnessed the participation of approximately 138 enterprises, 100 of which were Taiwanese. Việt Nam has experienced high economic growth rates in recent years and is a lucrative market for Taiwanese products, he said. Alongside this, Việt Nam has signed many free trade agreements (FTAs) with various countries and blocs. This has resulted in tax incentives that Việt Nam could benefit from when exporting goods to many large markets. As a result, Taiwanese enterprises hope to … [Read more...] about Room to foster VN-Taiwan ties
Industrial revolutions are momentous events. By most reckonings, there have been only three. The first was triggered in the 1700s by the commercial steam engine and the mechanical loom. The harnessing of electricity and mass production sparked the second, around the start of the 20th century. The computer set the third in motion after World War II. It may seem too soon to proclaim that the fourth industrial revolution, spurred by interconnected digital technology, is upon us, but Mr. Henning Kagermann, Head of the German National Academy of Science and Engineering, did exactly that in 2011, when he used the term Industry 4.0 to describe a proposed government-sponsored industrial initiative. After missing the first three, Vietnam is now hoping to tap into the fourth revolution, though this requires action and not just words. Boundless prospects It’s not by chance that Industry 4.0 is mentioned often in State documents and speeches by government officials. The topic even … [Read more...] about VN tries to harness the change brought about by Industry 4.0.
VME17 Boldly Proposed to Start Approach towards Industry 4.0 Reed Tradex Ltd, Co. on March 23 hosted a press conference in Hanoi to unveil its schedule and activities of unique exhibition platform "Vietnam Manufacturing Expo (VME) 2017" exploring the latest innovations, trends, and applications in the rapidly changing manufacturing industry. This year, the organizer has increasingly cooperated with local associations such as Vietnamese Association of Mechanical Industry (VAMI) and Vietnam-German Technology Transfer and Training Center (HwC). All the parties have a common mission to create the first moves for Vietnam industry on the road to "Industry 4.0", and gradually step in to global standard. From 26 – 28 April, 2017, the 'heart' of machinery and technology for manufacturing industry will be demonstrating at Hanoi International Center For Exhibition (I.C.E., Hanoi) through the 9th edition of "Vietnam Manufacturing Expo (VME) 2017". As an extension of the manufacturing … [Read more...] about VME17 Boldly Proposed to Start Approach towards Industry 4.0
The Hanoitimes - Asian Development Bank (ADB) President Takehiko Nakao has suggested that Vietnam step up public private partnerships (PPP) by fine-tuning projects, to stimulate cost-effective investments. Speaking at a press briefing in Hanoi on September 19, Takehiko Nakao said Vietnam should also encourage competitive bidding for PPP projects in an effective and transparent manner. He emphasised the ADB is assisting Vietnam in compiling a PPP Decree, aimed at clarifying the role of the PPP model and making it more effective in the country.Meanwhile, Vietnam should focus on improving its business climate to attract more foreign direct investment (FDI), which plays a vital role in economic development, he said.The ADB President praised Vietnam’s macroeconomic achievements and stable sustainable economic growth, saying Vietnam once recorded the highest economic growth rate in the world in 1990, and it became a middle-income country in 2010.The country deserves to be applauded … [Read more...] about Vietnam should speed up PPP model: ADB President – News – Investment