Vietnamese enterprises

Workers at a motorbike assembly plant of Piaggio Vietnam Co., Ltd. — VNA/VNS Photo Tran Viet European firms have shown their optimism about the Vietnamese economy, which is recovering strongly after the COVID-19 pandemic, Vice Chairman of the European Chamber of Commerce in Viet Nam (EuroCham) Nguyen Hai Minh has said. According to Minh, despite the global supply disruptions induced by the pandemic, Viet Nam still exported more than US$35.1 billion worth of goods to the EU in 2020 and over $40 billion last year. Meanwhile, the Southeast Asian nation imported $14.6 billion and $16.7 billion worth of commodities from the bloc in the two years, respectively. In the first eight months of this year, Viet Nam’s exports to the EU were valued at $31.9 billion, up 23.6 per cent, resulting in a trade surplus of up to $21.6 billion, a rise of 46.4 per cent. The figures reflected positive impacts of the EU-Viet Nam Free Trade Agreement (EVFTA), he noted. However, Minh said, European … [Read more...] about European enterprises optimistic about Viet Nam’s economy: EuroCham

Vietnamese Deputy Minister of Foreign Affairs To Anh Dung was expelled from the Party following his arrest over the allegations of receiving bribes during the organization of repatriation flights during the COVID-19 pandemic. Party General Secretary Nguyen Phu Trong chaired a meeting of the Party Central Committee’s Secretariat on Tuesday to consider the disciplinary actions against Deputy Minister Dung and Nguyen Quang Linh, assistant to the permanent deputy prime minister. The Secretariat stated that Dung lacked responsibility and violated the Party's regulations and state's laws in directing and organizing repatriation flights for Vietnamese citizens abroad during the COVID-19 pandemic. The deputy minister was also investigated and arrested on suspicion of bribery. Meanwhile, Linh took advantage of his position, compromised working principles, and violated the Party's regulations and the state's laws during the selection of enterprises to organize repatriation flights … [Read more...] about Vietnamese deputy foreign minister expelled from Party

Bespin Global (https://bespinglobal.com, CEO Han-joo Lee), a cloud delivery platform company, has announced that its Vietnamese subsidiary ‘Bespin Global Vietnam’, signed MOU with Daewoo E&C’s Vietnamese subsidiary ‘THT Development’ and 'MoMo' (https://momo.vn/), a tech unicorn in Vietnam, for the collaboration in smart city business in Vietnam. Mr Kim Tae Ho, Country Director of Bespin Global Vietnam, Mr Kwun Myeong Jun, Director of Daewoo E&C’s THT Development, Mr Nguyen Ba Diep, Co-Founder of MoMo, sign a Memorandum of Understanding at MoMo office in HCMC, Vietnam. MoMo, a Vietnamese fintech unicorn, provides super-app and payment service with 31 million users, 50.000 business partners and 140,000++ payment acceptance points across all Vietnam. The MOU was signed to integrate MoMo's smart payment solution with 'THT-BESPIN SMART CITY HUB (Smart City Hub)', a smart city operation & management platform, jointly developed and … [Read more...] about Bespin Global Vietnam, Daewoo E&C, and MoMo sign MOU

Illustrative photo This will contribute to immense Gross Domestic Product (GDP) growth in the coming years, even ensuring that the economic growth in Vietnam remains stable. Attracting hi-tech sector In recent meetings with international investors, the question arose whether Vietnam would be able to escape being hit by a global recession next year, when most countries are grappling with slow GDP growth and rising inflation. Vietnam's economic growth rate has accelerated in 2022. Hence, the World Bank (WB) and the International Monetary Fund (IMF), as well as some other global organizations have recently adjusted, and strongly forecast that the GDP growth in Vietnam may surpass 8 percent this year. This has led investors to ask the reasons behind this as compared to other countries in the region. One reason why Vietnam's economy excels is because the Foreign Direct Investment (FDI) is supporting the manufacturing sector and boosting the complexity of products made in … [Read more...] about Hi-tech manufacturing will boost economic growth in Vietnam

A view of the 2022 Horasis India Meeting (Photo: VNA) Binh Duong (VNA) - Minister of State at the Indian Foreign Ministry Rajkumar Ranjan Singh has said that India is open in its investment in and cooperation with Vietnam in general and Binh Duong province in particular. He made the statement at the opening ceremony of the 2022 Horasis India Meeting, the foremost annual meeting of Indian business leaders and their global counterparts, on September 26 in the southern province of Binh Duong, which is a magnet for foreign direct investment in Vietnam. Beginning in 2009, the Horasis India Meeting offers business and government a platform to discuss a wide range of issues related to the Indian economy. The meeting comprises six plenary sessions and 26 discussion ones, with the engagement of 700 delegates who are expected to discuss common concerns such as global transition, economic development issues arising during the digital transformation process, artificial intelligence and … [Read more...] about Binh Duong remains good destination for Indian investors