A focus on high-tech investment and added value is the centre of the new strategy, Photo: Le Toan Adam Sitkoff has been living in Vietnam for many years and has witnessed the strong inflow of foreign direct investment (FDI) into Vietnam over the past decades. As the executive director of the American Chamber of Commerce in Hanoi (AmCham Hanoi), Sitkoff acts as a bridge between US investors and the Vietnamese market, which he sees has great potential, both for high growth and for FDI attraction. “Business activity here started slowly for Americans. In 1995, US-Vietnam trade stood at just $451 million. It will soon hit $60 billion and we now see US investors active in almost every sector of the Vietnamese economy. American companies have invested billions of dollars here, integrating Vietnam into the global supply chain, creating high-quality jobs, and helping the country become more productive, more efficient, safer, and cleaner,” Sitkoff told VIR. According to him, it is … [Read more...] about Developing a new strategy for FDI
Business strategies for growth
Viettel announces strategy for fourth development period
Acting Minister of Information and Communications Major General Nguyen Manh Hung handed over charge as chairman and general director of Viettel Group to Major General Le Dang Dung at a ceremony on August 3. Viettel announces its strategy for the next decade In the framework of the ceremony, Nguyen Manh Hung also handed over Viettel’s strategy for the fourth development period to Dung. Hung is a member of the Party Committee and is Party Secretary of the Ministry of Information and Communications, as well as deputy head of the Communist Party of Vietnam Central Committee’s Commission for Information and Education. After three decade-long development periods, Viettel has grown from a construction company (1989-1999) to the biggest Vietnamese telecom service provider (2000-2010) and is now a technology company (since 2010). The group is now poised to begin its fourth period two years earlier than expected. To last from now to 2030, the period has a number of … [Read more...] about Viettel announces strategy for fourth development period
HP unveils 2018 strategy for Vietnam
HP Vietnam on Tuesday said that it was focusing on new solutions related to its three main areas: core, growth and future. Executives of HP share information about the company’s strategy in Viet Nam. In the core area, the company’s strategy is to develop its main business of producing printers for home.It will also make high-end personal computers and printers for businesses.In the growth area, HP has studied new working trends and designed products to meet the demands.In the future area, the company will offer its customers support with 3D printing and prepare for a future meeting of the physical and digital worlds.Speaking about reinventing the future in Viet Nam, the company said the middle class is rapidly growing, and its members are keen on adopting technological advances and online commerce.Vietnamese consumers are changing their working methods, balancing work and life better, it said.This has created demand for both work and entertainment.Lim Choon Teck, … [Read more...] about HP unveils 2018 strategy for Vietnam
HP unveils 2018 strategy for Việt Nam
HP Vietnam on Tuesday said that it was focusing on new solutions related to its three main areas: core, growth and future.In the core area, the company’s strategy is to develop its main business of producing printers for home.It will also make high-end personal computers and printers for businesses.In the growth area, HP has studied new working trends and designed products to meet the demands.In the future area, the company will offer its customers support with 3D printing and prepare for a future meeting of the physical and digital worlds.Speaking about reinventing the future in Viet Nam, the company said the middle class is rapidly growing, and its members are keen on adopting technological advances and online commerce.Vietnamese consumers are changing their working methods, balancing work and life better, it said.This has created demand for both work and entertainment.Lim Choon Teck, general director of HP Vietnam, said: “We have kept improving our solutions to support … [Read more...] about HP unveils 2018 strategy for Việt Nam
US official to highlight partnerships for growth, education, science and technology
The US Agency for International Development’s (USAID) Assistant Administrator for Asia, Jonathan Stivers, is traveling to Vietnam from March 19th - 21st. During the visit, Mr. Stivers will observe a signing of a statement of cooperation with the Vietnam Academy of Science and Technology to expand the bilateral partnership in the filed of science and technology. In Hanoi, after attending a USAID-supported workshop organized with the Vietnam Chamber of Commerce and Industry on participation of the business community in regulatory reform, he will meet with Ministry of Justice leaders to discuss development cooperation on strengthening the rule of law and advancing inclusive growth in Vietnam. He will meet with Mr. Vuong Dinh Hue, head of the Central Economic Committee to discuss the Trans-Pacific Partnership (TPP) and USAID assistance. He will talk with civil society representatives to better understand local capacity development needs. Mr. Stivers will also visit the Nguyen … [Read more...] about US official to highlight partnerships for growth, education, science and technology