Competing with Giants, the first book by a Vietnamese author published by ForbesBooks, was recently released in Vietnam. The book, co-authored by Tran Uyen Phuong with British journalist Jackie Horne and American economist John Kador, reflects the "nothing is impossible" spirit shown by a Vietnamese business. Phuong, vice chairwoman of beverage maker Tan Hiep Phat (THP), spoke to VnExpress about her experience of writing the book and her hopes for it. - How did the idea of "Competing with Giants" come to you? - It came when I was doing a leadership course at the Harvard University from 2010 to 2012. My class had 180 students, all businesspeople from companies with revenues of over $10 million a year. They came from 80 countries and territories, each with their own story. When I shared my own story about how my parents built their career at THP, from creating a new brand to competing with multinational companies with a business culture and a perseverant spirit, my classmates and … [Read more...] about ‘Competing with Giants’ seeks to inspire, advance
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Adrian Chng, GoBear CEO: Fintech primed to boost financial services sector in Vietnam Vietnam is setting records. Notably, at the end of last year, it was named one of the world’s Top 20 internet users with 64 million connected people and in January this year, Vietnam claimed the title of the world’s fastest growing wealth hub, clocking in 210 per cent wealth growth between 2007 and 2017. This is the reason that Forbes declared the country ‘every keen investor’s must-watch’ for 2018. Besides, It means that Vietnam sits at the beautiful intersection where personal finance meets inevitable innovation. In the last five years alone, Vietnam has experienced the entry of over 40 new fintech players, such as online payment platforms Mobivi and Momo, as well as the country’s first fully digital bank Timo. One of these is financial products comparison platform GoBear, one of Asia’s fastest growing startups that has recently undergone leadership … [Read more...] about Fintech primed to boost financial services sector in Vietnam
Conference seeks ways for investment promotion in Quang Binh An investment promotion conference in the central province of Quang Binh was convened on August 28, focusing on presentations of the province’s potential and investment opportunities. Present at the conference were Prime Minister Nguyen Xuan Phuc and more than 800 delegates from among the leaders of ministries and departments, along with representatives of embassies, Lao provinces, commercial banks, associations, international organizations and businesses. Participating domestic and foreign organizations and businesses, through the conference, discussed investment and trade opportunities with local authorities. The event is expected to serve as a platform for the handing over of investment registration certificates and cooperation deals to 66 projects with a combined registered capital of US$7.34 billion. Earlier, the provincial People’s Committee held a series of sideline activities, including investment … [Read more...] about BUSINESS NEWS IN BRIEF 28/8
Vietnam fisheries int’l exhibition opens in HCM City Visitors to the Vietnam Fisheries International Exhibition (Vietfish) 2018 The Vietnam Fisheries International Exhibition (Vietfish) 2018 kicked off at the Saigon Exhibition and Convention Centre in Ho Chi Minh City on August 22. The event attracts 233 exhibitors from 14 countries and territories, including 153 of Vietnam, showcasing aquatic products in 374 booths. The numbers of both exhibitors and booths increase by 6.8 percent and 3.6 percent, respectively, from last year. Vietfish 2018, lasting through August 24, also features many workshops discussing the market situation, production trends and other hot topics in the fisheries sector at present. Ngo Van Ich, Chairman of the Vietnam Association of Seafood Exporters and Producers, said over the last 20 years, Vietfish has established itself as a leading and influential fisheries exhibition in Asia as seen in the surge of exhibitors, booths and visitors. He noted … [Read more...] about BUSINESS NEWS IN BRIEF 23/8
Viet Nam is set to play a pivotal role in Southeast Asia’s future economic landscape and emerge as one of the region’s most important countries. Its explosive annual growth of nearly 8 per cent in the noughties has retrenched only to around 6.5 per cent on average since 2010. Strong growth should continue, not least due to a young, dynamic and well-educated labour force, which is nonetheless very competitively priced. The country also represents a highly attractive domestic market of 90 million citizens with middle-class aspirations – hence all the trade envoys visiting this beautiful place. Viet Nam also enjoys a crucial – and hard-won - place in the world’s supply chains, in large part due to the authorities’ very proactive approach to global trade. Investment into the country has been encouraged across a number of sectors, from electronics to farming. Meanwhile, a flurry of some 16 free trade agreements have helped Vietnamese exports explode, … [Read more...] about How will Trump’s trade tariffs affect Asian growth?