Business opportunities

Female workers make shoes at Song Than Industrial Park in Binh Duong province’s Di An city. (Photo: VNA) Sydney (VNA) – The Vietnamese Embassy in Australia, the People’s Committee of Binh Duong province and the Victoria state government jointly held a Vietnamese business forum on May 24, aiming to introduce the potential and investment opportunities in the southern Vietnam province. Binh Duong province in particular, particularly those on support for small and medium enterprises. Business Forum in Melbourne, Victoria. Australia 's second largest trading partner with bilateral turnover reaching 113.7 billion AUD (more than 80 billion USD) in 2019-2020. Investment from both sides hit over 259 billion AUD and 242 billion USD in 2019 and 2020, respectively. VNA … [Read more...] about Forum seeks to promote investment from Australia into Vietnam

Jose Mestre, a representative of the Central Retail Group in Vietnam, speaks at the conference (Photo: VNA) Bac Giang (VNA) – The northern province of Bac Giang, in collaboration with the ministries of Industry and Trade, and Agriculture and Rural Development, held an online conference on litchi sales for nearly 80 target markets at home and abroad. The conference provided an opportunity for Bac Giang to promote litchi sales in domestic and export markets; and strengthen its coordination with centrally-run agencies, domestic and foreign provinces and cities, and overseas Vietnamese economic, trade and diplomatic agencies. It also served as a forum for domestic and foreign businesses to find partners and sign contracts for litchi and litchi-based products in this year. Speaking at the event, Vice Chairman of the People’s Committee of Bac Giang province Phan The Tuan said that thanks to the favourable weather and the close control of growing area codes, the … [Read more...] about Bac Giang promotes litchi sales at home and abroad

The event will include a job fair and workshops with major Nordic companies.(Photo courtesy of NordCham) HCM City (VNS/VNA) - Nordic companies and business leaders will gather for a conference to be held in Ho Chi Minh City on June 1, aiming to promote inclusive and sustainable business practices. Named ‘Work the Nordic Way 2022’, the third-annual conference will also give Vietnamese job-seekers the chance to meet major Nordic companies through an afternoon of workshops, panel sessions, and networking. Organised by the Nordic Chamber of Commerce (NordCham) and four Vietnamese-Nordic alumni associations, the upcoming event will focus on the theme of a diverse and inclusive workforce. Nordic countries are world leaders in this area, and speakers will share how promoting inclusion in the workplace can contribute to business success and socio-economic growth. It will also include a jobs fair and workshops with major Nordic companies including Tetra Pak, Home Credit, … [Read more...] about ‘Work the Nordic Way 2022’ slated for June

Kang GewWon, General Director of Shinhan Bank Vietnam (left) and Lee Euichul, General Director of Shinhan Life (right), signed an insurance business partnership on May 24. — Photo Shinhan Bank Vietnam Shinhan Life Insurance Vietnam Limited Liability Company (Shinhan Life Vietnam) and Shinhan Bank Vietnam Limited (Shinhan Bank) officially signed a strategic cooperation agreement on implementing the bancassurance business model on May 24. The agreement marks a new chapter full of expectations for two financial organisations with mutual plans to bring living improvement solutions to a million Vietnamese people. Under the framework of the new agreement, Shinhan Bank Vietnam will consult and introduce life insurance products of Shinhan Life to the bank's customers nationwide. The first product developed through this distribution channel is Shinhan – Credit, a protection product for borrowers. “In recent years, customers' demand for insurance products at the bank has expanded … [Read more...] about Shinhan Life Vietnam, Shinhan Bank Vietnam sign partnership

The Việt Nam -Asia DX Summit 2022 opened in Hà Nội on Wednesday. — Photo vietnamplus.vn HÀ NỘI — The Việt Nam-Asia Digital Transformation (DX) Summit 2022 opened in Hà Nội yesterday, where experts are examining ways to further utilise the advantages of digitalisation for the economy and society. The digital economy is making many important contributions to the global economy, said Nguyễn Văn Khoa, Việt Nam Software and IT Services Association (Vinasa) chairman. Facing the trend towards digitalisation, many countries have taken the opportunity to develop the digital economy and have issued their own development strategies, he added. The summit is organised by Vinasa under the direction and patronage of the Ministry of Information and Communications. Data from Google and Temasek shows that the Vietnamese internet economy achieved US$21 billion last year and contributed more than 5 per cent of the country's GDP. Studies show that the growth … [Read more...] about Việt Nam-Asia DX Summit 2022 opens in Hà Nội

Bank savings accounts are given to children whose parents had died of COVID-19 on May 22, as part of activities marking the Workers’ Month. VNS Photo Thu Hằng Thu Hằng HCM CITY — Nguyễn Hiến was on the edge of a nervous breakdown after her husband died of COVID-19 in July last year. The 32-year-old mother of two daughters, who used to be a housewife, was desperate to find a vocation because the sole breadwinner of the family had been cruelly snatched away from them. “We were devastated, especially my daughters. I am now making a living working as a nail technician after completing a short training programme,” Hiến said. Hiến struggled to hold back her tears as she received financial support for her two daughters from the Federation of Labour on May 22. Her two daughters were among 110 children whose parents had died of COVID-19 to receive bank savings accounts of VNĐ10 million (US$430) each. Trần Lê Hữu Hiền, an employee of the Thiên Nam Elevator JSC in HCM City, … [Read more...] about HCM City marks Workers’ Month with delivery of diverse benefits

A Vietnamese booth at the THAIFEX-Anuga Asia exhibition in Bangkok, Thailand. — Photo Tran Quynh Eighteen food and beverage enterprises led by the High Quality Vietnamese Product Business Association are displaying their products in Bangkok at THAIFEX-Anuga Asia, the region’s largest food and beverage trade fair. They are showcasing some unique and healthy products that meet consumers’ evolving post- COVID-19 pandemic such as lotus seed milk, lotus tea, dried lotus seeds, fruit jam pie, organic mango, coconut candy, bottled fresh coconut water with strawberry and salted lemon flavours, coconut butter, green skin pomelo, Habanero chilli sauce, fresh freeze-dried celery juice, eggplant products, pennywort powder, and others. According to the association, the Vietnamese products exhibited at the event meet international standards and are especially good for health. Besides taking part in the fair, the Vietnamese businesses will also take part in a study tour, visiting large … [Read more...] about Vietnamese firms show off food, beverage products at Thai fair

The country boasts 335 industrial parks with a combined area of 100,000 hectares, which will be expanded to meet the growing demand of domestic and foreign investors. Vietnam is now ready to receive a new wave of investment capital and become a key global production hub, Deputy Minister of Planning and Investment (MPI) Tran Duy Dong. Electronic production at Katolec Vietnam in Quang Minh Industrial Park, Hanoi. Photo: Pham Hung “The country’s ongoing push for exports amid rising global demand would solidify Vietnam’s status as one of the most attractive destinations for multinationals and a key link of the global supply chains,” he told the local media. A report from the MPI noted foreign direct investment (FDI) commitments to Vietnam in the first four months of 2022 stood at nearly $11 billion, of which nearly $5.3 billion were poured into fresh projects, up 92.5% year-on-year. Meanwhile, additional capital injected into existing projects also surged by … [Read more...] about Vietnam ready to become global production hub

State President Nguyen Xuan Phuc (right) met with his Greek counterpart Katerina Sakellaropoulou, VNA At last week’s talks between State President Nguyen Xuan Phuc and Greek counterpart Katerina Sakellaropoulou in Hanoi, both leaders agreed that the two nations will push negotiations for a double tax avoidance agreement (DTAA) and another on maritime transport in order to create a framework for bilateral economic cooperation. The DTAA would help prevent Vietnamese and Greek businesses and investors from being double-taxed on their income. This also applies to legal entities and individuals. Vietnam currently has approximately 80 DTAAs signed. According to consulting firm Dezan Shira & Associates, a company may be subject to taxes in its country of residence and also in the countries where it raises income through foreign investments for the provision of goods and services. “It is extremely worthwhile for foreign investors to be aware of the existing DTAAs between Vietnam … [Read more...] about Vietnam calls for more Greek involvement

Vietnamese Ambassador to Japan Vũ Hồng Nam. — VNA/VNS Photo Deputy Prime Minister Phạm Bình Minh is on a working visit to Japan from May 25-28. A Vietnam News Agency correspondent in Japan spoke to Vietnamese Ambassador to Japan Vũ Hồng Nam about this event. What will be the content of Deputy Prime Minister Phạm Bình Minh’s working visit to Japan? At the invitation of Nikkei Group, the Deputy Prime Minister will attend the International Conference on the Future of Asia (FOA) and pay a working visit to Japan. FOA is a prestigious annual international conference in Asia, attracting the participation of politicians, academics and business people from many Asian countries. Deputy Prime Minister Phạm Bình Minh's attendance at FOA 2022 not only shows Việt Nam's deep interest in the conference, but also shows the importance of the FOA in general in Việt Nam's foreign policy. Besides, by attending FOA 2022, we also want to send the message that Việt Nam is a reliable partner and … [Read more...] about Việt Nam to contribute to building foundation for Asia’s future