Vietnam venture summit 20

Low tech goods and low value manufacturing would be the quickest to migrate while higher value-added exports in the machinery, transport and IT category would likely take decades to relocate due to high R&D costs and competitive Chinese labor costs, UBS said in a note earlier this month. … [Read more...] about Supply chain reaction: trade war refugees race to relocate to Vietnam, Thailand

Hanoi (VNA) – Japan's Nikkei newspaper has run a story highlighting the opportunity for Vietnam to rise stronger after the COVID-19 pandemic is completely controlled. It spotlighted Vietnam's efforts in maintaining economic activities amid the pandemic, which made the country one of the Asian economies recording the highest growth in 2020. The article noted that in 2020, Vietnam signed three free trade agreements (FTA), and saw the introduction of another airline, while rising to the sixth position in Southeast Asia in terms of per capita income. It noted that Vietnam grasped the greatest opportunity in decades to become one of the countries with the highest GDP growth in the world with an expansion of 2.9 percent and an expected rate of 6.5 percent in 2021. The article cited a report by Euromonitor as saying that Vietnam is forecast to be one of the markets with the busiest merge and acquisition (M&A) activities and the most potential M&A market only after the US. … [Read more...] about Vietnam sees once-in-a-generation opportunity: Nikkei newspaper

Vu Duc Giang, President of the Vietnam Textile and Apparel Association, said that Vietnam’s logistics costs are six percent higher than Thailand’s, seven percent higher than China’s, 12 percent more than in Malaysia and three times higher than Singapore. This has reduced the competitiveness of domestic textile products compared to other countries in the region even though Vietnamese labor is relatively cheap. High logistics costs not only affect the competitiveness of goods, but are an obstacle for businesses entering new markets. … [Read more...] about Vietnam seeks to ease logistics bottleneck hurting competitiveness

"This has made the land market hot with soaring prices, especially in some outlying rural districts which are seeing fast urbanisation including Thach That, Hoai Duc, and Dong Anh," Dinh said. "Some areas in these districts saw land prices increasing by 50% against the prices of 2019 to VND25-VND30 million (USD1,087-USD1,304) per square metre." … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 22

Deputy Minister of Health Tran Van Thuan said that five to 10 years ago, over 70 percent of breast cancer patients visited hospitals and got treated at a late stage. In recent years, thanks to the communication campaigns, especially the national project on the prevention and control of non-communicable diseases including cancer, the rate of cancer patients getting medical examination and treatment in the early stages has increased. … [Read more...] about VIETNAM NEWS JANUARY 22