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In January 2000, we established our first branch in San Jose, California, the heart of Silicon Valley. The director of that branch was a patriotic diasporic Vietnamese. But the American Dream did not come true for us. After merely one year of operations, FPT USA had to temporarily stop operating due to a lack of customers. We tried everything, with different people attempting to take the reigns of business development. From a Vietnamese expat to a graduate from prestigious MBA programs. What we received were critics, portraying our managers as "delusional about our corporate capability" and our programmers "weak in both expertise and language skills." It was a total failure. No one cared about a nameless company from Vietnam, a country only known then for the prolonged war. One of our then-potential customers was surprised to learn that it only took one hour to fly from Hanoi to Bangkok. He could not imagine the locations were so close, despite his own flying to Bangkok quite … [Read more...] about Working with American business partners requires understanding their way of thinking

The payment must also include interest, a Ho Chi Minh City court ruled. Sojitz Planet and Rang Dong became strategic partners in September 2017 when the foreign company purchased five million shares of the local firm for a total of VND174 billion. The Japanese company, however, claimed that Rang Dong violated certain terms after the share transfer, which forced Sojitz to terminate the contract and demand that Rang Dong to return 90% of the shares it had paid for, or nearly VND157 billion. Rang Dong did not comply. Sojitz then sued the company at the Singapore International Arbitration Centre (SIAC). The center ruled in favor of Sojitz in July last year, after which the Japanese firm brought the matter to the People’s Court of Ho Chi Minh City and demanded that SIAC’s ruling be upheld. Rang Dong told the court that there were unreasonable terms in the contract it signed with Sojitz, such as requiring it to sign employment contracts with 700 people that Sojitz appointed. … [Read more...] about Vietnamese plastics company loses lawsuit to Japanese partner

Vietnamese Ambassador Nguyen Thanh Hai (7th from right), Indian Minister of State for External Affairs and Education Rajkumar Ranjan Singh with staff members of the Vietnamese Embassy in India (Photo: VNA) New Delhi (VNA) – Indian Minister of State for External Affairs and Education Rajkumar Ranjan Singh affirmed that Vietnam is a pillar in India's Act East policy and an important partner of the South Asian country in the Indo-Pacific during a ceremony to celebrate the 78th National Day of Vietnam in New Delhi on September 20. Singh praised Vietnam’s growth and development achievements over the past years and expressed his delight at the sustainable development of traditional relations between India and Vietnam which are based on solidarity, trust, extensive understanding and similar interests. He appreciated achievements that the two countries have obtained in the comprehensive strategic partnership, from political interaction to cooperation in economic development, … [Read more...] about India considers Vietnam important partner in Indo-Pacific

In response, the top Vietnamese legislator stated Vietnam treasures its traditional friendship with countries in Central and Eastern Europe, with Bulgaria being a priority partner. The two sides agreed that the nations’ close and loyal friendship is a valuable asset that should be preserved and promoted by their leaders and people, including more than 30,000 Vietnamese who have been trained, educated, and worked in Bulgaria and around 1,000 Vietnamese expatriates living in the European country. The Bulgarian President wished to continue strengthening the exchange of information and experience between the two countries in general and their legislative bodies in particular. The N.A. Chairman informed his host about the results of his talks with his Bulgarian counterpart Rosen Zhelyazkov and the signing of five important documents in the fields of parliament, culture, tourism and locality-to-locality cooperation. Vuong Dinh Hue underscored that the Vietnamese N.A. consistently … [Read more...] about Bulgaria considers Vietnam trustworthy partner, loyal friend: President

This partnership represents a clear commitment by both parties to address climate change within their value chains. DHL Express, the world’s leading international express service provider, on September 19, signed its GoGreen Plus service contract with Asia Commercial Joint Stock Bank (ACB) to reduce carbon emissions for its time-definite international (TDI) shipments through the use of sustainable aviation fuel (SAF). By investing in GoGreen Plus, ACB is estimated to reduce 14 tons worth of total CO2 emissions within a 12-month period. DHL Express and ACB sign the GoGreen Plus contract. Photo: DHL The whole process is verified annually by an independent third-party agency, Société Générale de Surveillance (SGS). In addition, a complementary Carbon Footprint report will be updated monthly, detailing ACB’s overall emissions with DHL Express . “We believe that corporate social responsibility and business success always go hand in hand. … [Read more...] about DHL Express partners with ACB to cut carbon emissions using sustainable aviation fuel

The agreement to implement Temenos' Corebanking T24 system was formalised in Hanoi on September 22. The system’s deployment is anticipated to streamline LPBank’s operational processes and reduce both time and costs associated with implementation, thereby promoting enhanced revenues and service quality while catering to the diverse needs of the bank’s clientele. This pivotal move forms a cornerstone of LPBank’s extensive digital transformation strategy, aligning with its ambition to progressively establish itself as a premier retail bank that is accessible to all. Temenos’ Corebanking T24 is operational in over 3,000 banks worldwide and favoured by major Vietnamese banks such as MB, Sacombank, and VPBank. The deployment of this system paves the way for LPBank to escalate its growth trajectory and materialise its vision, enriching customer experiences and interactions across the board by leveraging advanced technology. Post-deployment, the T24 system is poised to augment … [Read more...] about LPBank partners with Temenos to drive next-gen banking solutions

During the trip, the delegation had a working session with the Permanent Secretary of the International Association of Francophone Mayors (AIMF), Pierre Baillet, to discuss the progress of joint projects in providing equipment for schools, women’s capacity enhancement and environmental hygiene. The delegation also met with experts of the French Development Agency (AFD) to seek investment for Can Tho’s priority projects in health care, information technology and agriculture. At the Nice Climate Summit 2023, Chairman of the municipal People’s Committee Tran Viet Truong presented a paper on agriculture using no pesticide at a discussion on clean agriculture, in which he shared Can Tho’s experience in agriculture development in the context of impacts from climate change. The Can Tho delegation also met with deputy mayor of Nice Richard Chemla to discuss prospects of cooperation between the two cities in health care, education, culture and response to climate change. Source: VNA … [Read more...] about Can Tho seeks cooperation with French partners

Australian Consul General in Ho Chi Minh City Rebecca Ball (L) presents a souvenir to Nha Trang University (Photo: VNA) Khanh Hoa (VNA) – A seminar was held on September 21 to share experience in training cooperation between nearly 20 Australian universities and their peers in the south-central province of Khanh Hoa, and introduce the collaboration model between universities and businesses to meet human resources development demand of Vietnam’s south central coastal localities. Pham Quoc Hung, Vice Rector of Nha Trang University said that the university has set up partnerships with many Australian partners such as Southern Cross University, James Cook University, Sunshine Coast and Australian Centre for International Agricultural Research (ACIAR). He expressed his hope to further promote cooperation with Australia. Australian Consul General in Ho Chi Minh City Rebecca Ball said that the seminar is a chance for parties to strengthen connections and realise education … [Read more...] about Khanh Hoa universities seek stronger partnership with Australian peers

Vietjet Aviation Academy is appointed as IATA’s latest Regional Training Partner (RTP) under an agreement signed between the two sides.(Photo: VNA) Hanoi (VNA) – Vietjet Air and the International Air Transport Association (IATA) have just signed a training agreement, under which Vietjet Aviation Academy is appointed as IATA’s latest Regional Training Partner (RTP) in Vietnam. Under the agreement, the academy will offer IATA training courses designed by industry experts. These courses are internationally recognized training programmes and are updated frequently to keep pace with the latest regulatory procedures, new standards, and the fast-changing demands of the aviation industry. At the signing ceremony, Vietjet Vice President and Chairman of Vietjet Aviation Academy Luong The Phuc said human resources are the focus of Vietjet’s development plans, and the aviation industry at large, adding the academy provides trainees with the best learning environment where they … [Read more...] about Vietjet Aviation Academy join IATA’s training network

Chairman of the Vietnamese National Assembly Vuong Dinh Hue (second, left) and delegates attend the forum. (Photo: VNA) Dhaka (VNA) – Vietnam defines Bangladesh, which is currently the country's second largest trading partner in South Asia, as its important partner and a potential investment destination for major corporations and enterprises of the Southeast Asian country in the future, National Assembly Chairman Vuong Dinh Hue said on September 22. business es can expand to markets in the Association of Southeast Asian Nations (ASEAN) - the 5th largest market in the world with about 650 million people - and enlarge to partner countries which have signed free trade agreements with Vietnam. Bangladesh wishes to share development experiences and strengthen investment and trade cooperation in the future. VNA … [Read more...] about Vietnam, Bangladesh boost economic cooperation