Since its implementation, the meetings have successfully facilitated several private sector projects into Vietnam, including the development of the Vietnam-Singapore Industrial Parks (VSIPs), PSA’s joint venture with Saigon Port to build and operate a deep-sea container terminal in the southern province of Ba Ria-Vung Tau, and the establishment of branch offices by Singaporean banks in Vietnam. … [Read more...] about Singaporean business surges ahead
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Banks racing to catch digitization
According to a survey last year by auditing firm PwC Vietnam, Vietnam was among the countries with the fastest rate of growth in mobile payments. The number of users had seen a sharp increase to 61 percent from just 37 percent the year before. … [Read more...] about Banks racing to catch digitization
Seaport fees should be increased: say insiders
Hanoi (VNS/VNA) - Container loading and unloading service charges should be increased to approach the regional level so investors would not feel hesitant when pouring money into developing seaports. The proposal was raised at a recent online conference held by the Vietnam Maritime Administration to discuss measures to remove difficulties for seaport and marine transportation companies. Statistics showed container loading and unloading services charges of seaports in Vietnam were much lower than other regional countries. According to Nhu Dinh Thien, Deputy General Secretary of the Vietnam Ship Agents and Brokers Association, the charges were about 33-53 USD per 20ft container and 57-98 USD per 40ft container. In comparison, Thailand charges around 59 USD per 20ft container and 91 USD per 40ft container, Singapore 111 USD and 159 USD and Cambodia 65 USD and 95 USD, respectively. Nguyen Tuong Anh, general director of Hai Phong Port, said with such low services charges, it would … [Read more...] about Seaport fees should be increased: say insiders
PM: EVFTA like an expressway bringing EU, Vietnam closer
Hanoi (VNA) - Prime Minister Nguyen Xuan Phuc chaired a video conference on August 6 regarding the implementation of the EU-Vietnam Free Trade Agreement (EVFTA), during which he described the deal as a broad and modern expressway bringing the EU and Vietnam closer together. He emphasised that Vietnam has signed 13 free trade agreements (FTAs) but one of the country’s greatest shortcomings is that local businesses have limited awareness about these deals and have failed to take advantage of the opportunities they present. Many bodies have been slow in preparing relevant legal documents, while overlaps in enforcement guidance are hampering businesses, he noted. He highlighted the importance of communications on international economic integration in general and FTAs in particular, as well as improvements in human resources. Noting that the requirement on sustainable development is an important part of the EVFTA, the PM said there are higher standards on increasing economic … [Read more...] about PM: EVFTA like an expressway bringing EU, Vietnam closer
Apple conducts survey, considers making iPhones in Vietnam
Apple’s leaders have many times visited the production base of Luxshare – ICT Vietnam in Van Trung IZ in Viet Yen district of Bac Giang province to examine the iPhone production conditions there, according to Tang Due Bang, PR Manager of Luxshare – ICT Vietnam. … [Read more...] about Apple conducts survey, considers making iPhones in Vietnam
