Advanced supply chain international

- By the end of 2020, the supporting industry for automobile manufacturing was aimed to be established. Vietnam will strive to meet 30-40 per cent of the value of spare parts and components needed for domestic manufacturing and assembly of automobiles, fabrication of important parts of actuators, gearboxes, and engines (especially for passenger cars and light trucks), and the country will gradually be involved in the global supply chain of components and spare parts. … [Read more...] about Auto industry steers strategy towards wider supply chains

Only a limited number of domestic businesses can take part in the supply chains of foreign-invested enterprises. How do you think this can be improved? Vietnam’s integration in global value chains (GVCs) is still quite limited. Despite progress in attracting FDI, Vietnam’s overall performance appears to lag far behind its potential. Without FDI, integration into GVCs will likely remain just a plan. … [Read more...] about Investing in people to avail of EU’s tech advances

The PM was speaking at a dialogue with Japanese economic groups, including the Japan Chamber of Commerce and Industry, Japan International Cooperation Agency, Japan External Trade Organisation and businesses interested in expanding investment in Việt Nam in Hà Nội on Monday. … [Read more...] about Prime Minister welcomes Japanese firms’ investment in Việt Nam

There are many reasons behind the stabilization of the exchange rate, said a representative of a HCMC major commercial bank, adding that among them is the fact that the hoarding of U.S. dollars has been subdued as other investment options such as gold and securities have become more attractive and the 2020 inflation rate was predicted to stay at just 3.5-3.8%. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 8

Responding to the concerns of Japanese enterprises, PM Phuc said he would ask ministries, agencies and localities to quickly remove problems, affirming that Viet Nam would create conditions for the Japanese businesses’ expansion of investment in the country. — VNS … [Read more...] about Prime Minister welcomes Japanese firms’ investment in Viet Nam