Representatives of Vinh Phuc Investment Trading Company Limited and RoK’s Jeonwoo Precision Company Limited sign an agreement in the matching programme. — VNS Photo Phuong Thao Enterprises from the Republic of South Korea want to boost their co-operation with Vietnamese firms, especially ones working in the technology sector due to the huge potential in the Vietnamese market. The statement was made by Kyu-Min Baek, director of global innovation at the Korea’s Innobiz Association, at the Viet Nam – Korea small- and medium–sized enterprises (SMEs) technology matching conference held in Ha Noi on Thursday. The seminar was organised in the framework of South Korean President Moon Jae-in’s state visit to Viet Nam from March 22-24. The event is a chance for Vietnamese enterprises to access advanced South Korean products and technologies and promote opportunities for investment and business co-operation between enterprises from the two countries. Through … [Read more...] about Viet Nam, RoK firms to boost technology transfer
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US investigates plastic bags imported from Viet Nam
The US initiates anti-dumping and countervailing duty investigations on the imports of the import of laminated woven sacks from Viet Nam. — Photo baohaiquan.vn The US Department of Commerce (DOC) last week announced the initiation of anti-dumping and countervailing duty investigations into the import of laminated woven sacks (LWSs) from Viet Nam. The investigated products include LWSs and/or bags consisting of one or more plies of fabric comprising woven polypropylene strip and/or woven polyethylene strip, which have HS codes 6305.33.0040, 3917.39.0050, 3921.90.1100, 3921.90.1500, 3923.21.0080, 3923.21.0095, 3923.29.0000, 4601.99.0500, 4601.99.9000, 4602.90.0000, and 5903.90.2500. The investigations are based on petitions filed by Polytex Fibres Corporation and ProAmpac Holdings Inc. on March 7, 2018. They have alleged that LWS products imported from Viet Nam are under Government subsidies and are sold in the United States at less-than-normal value, causing significant losses … [Read more...] about US investigates plastic bags imported from Viet Nam
Viet Nam ride-hailing firms gear up to compete with Grab
After Grab’s takeover of Uber on March 26, some Vietnamese transport businesses are taking advantage of an opportunity to invest in the lucrative ride-hailing market. Pham Van Dung, head of TaxiGo application development, told the online newspaper dealstreetasia that Grab’s acquisition of Uber’s entire business in Southeast Asia is creating opportunities for other local businesses. “Customers always want to have different options,” he said. “The acquisition of Uber will bring us as well as the other parties an opportunity to participate more deeply in the market.” VATO allows customers to bargain price Tran Thanh Nam, the founder of Vivu Technology Development JSC, told Viet Nam News that Uber’s decision to withdraw from Southeast Asia prompted businesses to increase investment in ride-hailing applications. Nam also revealed that Phuong Trang Tourism Service and Transport JSC has invested almost US$100 million into Vivu and renamed it … [Read more...] about Viet Nam ride-hailing firms gear up to compete with Grab
Sony brings new camera to Viet Nam
Sony unveils new α7 III camera. — VNS Photo Sony Vietnam has unveiled the α7 III, a full-frame mirrorless camera. The company said in a release that its innovation within the image sensor space is at the forefront of the α7 III, which features a brand new 24.2MP back-illuminated Exmor R CMOS image sensor with increased sensitivity, outstanding resolution and 15 stops of dynamic range at low sensitivities. By combining this sensor with features like extreme AF coverage of 93 per cent, fast shooting at up to 10 fps with either mechanical shutter or silent shooting and diverse 4K video capabilities, it said has created a new tool that gives all types of creators – from enthusiast to professional – the ability to capture content in new and different ways. The new camera has 425 contrast AF points that work with a 693-point focal-plane phase-detection AF system inherited from the popular α9 model. The new camera is expected to be marketed in Viet Nam … [Read more...] about Sony brings new camera to Viet Nam
Viet Nam’s PMI drops to 51.6 in March
The Viet Nam Manufacturing Purchasing Managers’ Index dropped to 51.6 in March from February’s 10-month high of 53.5, Nikkei’s IHS Markit reported on Monday. According to the report, business conditions in Viet Nam continued to improve at the end of the first quarter of 2018, although the rate of expansion eased from that seen in February. The March’s reading signalled a modest improvement in the health of the sector, which was the weakest since November last year. Business conditions have been strengthening in each of the past 28 months. The data signalled a slight monthly rise in manufacturing output, which was the slowest in the current four-month sequence of expansion. According to the report, the rise in output was mainly linked to higher new orders. The rate of growth in new business also eased but remained solid amidst reports of improved client demand. The rise in overall new orders was supported by a faster increase in new business from abroad, the most … [Read more...] about Viet Nam’s PMI drops to 51.6 in March