Cambodia to vietnam bus

Denis Brunetti, president of Ericsson in Vietnam, Myanmar, Cambodia and Laos Vietnam is piloting 5G with the support of Ericsson. Is the country still slow in 5G rollout, or keeping up with regional countries? Today, various countries are in different stages of 5G rollout. Every country and market has its own path, and Vietnam is very well-placed as one of the most dynamic and attractive investment destinations in the world, with a fast-growing digital economy and strategic focus on nationwide digital transformation and Industry 4.0, enabled by 5G as a critical national infrastructure. Ericsson fully supports and endorses this vision, and we are committed to helping Vietnam achieve this important and strategic ambition. Today there are 235 5G networks in the world in commercial service, with 5G having over 30 per cent population coverage globally. Vietnam is well poised to commercially expand 5G later this year and derive the benefits of the latest, most advanced 5G products … [Read more...] about 5G commercialisation – a must to drive the digital vision of Vietnam

Cambodian Prime Minister Samdech Techo Hun Sen (R) and his Malaysian counterpart Anwar bin Ibrahim (Photo: VNA) Phnom Penh (VNA) – Cambodia n Prime Minister Samdech Techo Hun Sen and his Malaysian counterpart Anwar bin Ibrahim held talks in Phnom Penh on March 27, during which they agreed to foster the bilateral cooperation across spheres, from trade and investment to education, tourism, energy and people-to-people exchange. Speaking at a joint press conference, Hun Sen said they discussed cooperation in various areas and encouraged both sides to continue exchanging high-level visits more often and at all levels to build closer friendship, to further increase mutual trust and to expand the broader scope of bilateral cooperation. The Cambodian PM said he proposed increasing the purchase of goods to meet each other’s demand, and encouraged Malaysian investors and companies to operate in Cambodia. According to the Cambodian leader, the trade volume between the two … [Read more...] about Cambodia, Malaysia foster cooperation in various fields

To avoid harmful advertising, companies should create a list of "toxic" content on the network (called a "blacklist"). Vietnam's advertising companies need a "blacklist" to block malicious content against the Party and Government to avoid breaking the law and facing severe punishment, according to the Ministry of Information and Communications (MIC). Businesses should be wary of harmful advertising content. Photo: The Hanoi Times The ministry has called on advertisers and brands to seriously strengthen the verification of advertisements on the network, to stop the unregulated spread of advertisements, which leads to the indirect distribution of malicious and illegal content in cyberspace. In order to ensure brand safety and contribute to the development of a safe and healthy Vietnamese advertising and digital content ecosystem, the MIC has established a list of "verified" content on the network (referred to as the "white list") to support compliance with … [Read more...] about Blacklist needed to block harmful content in Vietnam’s advertising industry

The cooperation aims to celebrate the 50th anniversary of the diplomatic relationship between Vietnam and Australia. The Australian Trade and Investment Commission (Austrade) is collaborating with businesses and government in Hanoi, Hue, and Danang to deliver the "Vietnam- Australia: Unlocking Opportunities in Education and Agrifood" roadshow series starting on March 27 in Hanoi with the participation of over 400 Australian and Vietnamese businesses, organizations, associations and institutions. The program aims to celebrate the 50th anniversary of the diplomatic relationship between Vietnam and Australia. Australian food and beverage showcase during the seminar took place on March 27 in Hanoi. Photo: Australian Embassy Vietnam At the kick-off event in Hanoi, Andrew Goledzinowski - Australia’s Ambassador to Vietnam shared that the program will deepen engagement and expand opportunities for Australian and Vietnamese partners in the agrifood and education … [Read more...] about Vietnam and Australia boost cooperation in education, agrifood

The Australian Trade and Investment Commission (Austrade) is collaborating with business and government in Hanoi, Hue and Danang to deliver the Vietnam –Australia: Unlocking Opportunities in Education and Agrifood roadshow series starting from 27 March in Hanoi with participation of over 400 Australian and Vietnamese businesses, organisations, associations and institutions. Participants at the event The project, which was organised to celebrate the 50th anniversary of diplomatic relationship between Vietnam and Australia, is expected to have a significant impact on trade between the two countries. Austrade is delivering two roadshows in six different cities of Vietnam including Hanoi, Hue, Danang in March 2023 and Ho Chi Minh City, Nha Trang and Can Tho in September. It will provide opportunities and Australian and Vietnamese businesses and institutions to connect and collaborate in different regions of Vietnam. The first phase of program is launched in Hanoi … [Read more...] about Vietnam and Australia co-operate in education & agrifood

Illustrative image (Photo: vneconomy.vn) Hanoi (VNA) - Vietnam is studying and adjusting its investment policies to adapt to the global minimum corporate income tax which is scheduled to be applied from 2024, said Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc. The global minimum corporate income tax is part of the Action Plan on Base Erosion and Profit Shifting (BEPS), which involves the participation of 141 member countries. Accordingly, large companies with annual global consolidated revenue of at least 750 million EUR (806 million USD) over at least 2 years of the preceding 4-year period will be subject to a minimum tax rate of 15%. If they are currently paying a tax rate lower than 15% in the country where they are investing, they will have to pay the remaining "shortfall" at a tax rate of 15% to the country where they have their headquarters. According to economists, investment exporting countries’ application of the global minimum tax in 2024 poses … [Read more...] about Vietnam adjusting policies to adapt to global minimum corporate income tax: Official

People shop at a supermarket in Hanoi. (Photo: VNA) Hanoi (VNS/VNA) - Vietnam is becoming an attractive retail market for companies all over the world with many regional and global FDI investors recently announcing plans to increase capital and expand distribution networks here. According to the Ministry of Industry and Trade, the Vietnamese retail market is worth 142 billion USD and is expected to increase nearly 2.5 times to 350 billion USD by 2025. In January, total retail sales of consumer goods and services decreased by 6% on-month to more than 481.8 trillion VND (20.4 billion USD) due to weaker demand as many commodities were purchased ahead of the Lunar New Year. People spent more on festival activities post Tet, said the General Statistics Office. However, it still rose 13% year-on-year. For the first two months of the year, the country’s total retail sales of consumer goods and services advanced 13% over the same period of 2022 to over 994.1 trillion VND. … [Read more...] about Vietnam’s retail market proves attractive for foreign investors

Several e-commerce platforms in Vietnam reported a decrease in the value of sales despite having launched many promotions. Consumers on e-commerce platforms used to prefer high-end, luxury items. The trend has changed, however, as buyers now focus on healthcare products, sportswear, and fitness products. The reason for this change is the impact of economic difficulties and inflation, many vendors on e-commerce platforms believed. They added that buyers now tend to seek healthcare products with reasonable prices and prefer direct discounts. Hung, whose online store specializes in selling phone accessories and electronic goods, said that the revenue of this group of products decreased by nearly 40 percent compared to the same period last year. Online shoppers only focus on beauty or healthcare products and tend to cut unnecessary spending, Hung added. Lazada’s report on February 3 showed that consumers want to receive more value from the products they buy, aside from … [Read more...] about E-commerce in Vietnam faces decreasing purchasing power

Vietnam is in need of a national digital tourism map which features tourism resources, destinations, and service providers to support tourists as well as local tourism service providers. The proposal on the digital map has been made and attracted the attention of local enterprises, but it has yet to be rolled out. Nguyen Quoc Ky, chairman of Vietravel Holdings, a local travel firm, said the digital tourism map would meaningfully increase the competitiveness of Vietnam’s tourism sector and help sell more tours at higher prices. Thailand has well-connected tourism systems, including travel, lodging, and transport services. Thus, their tour prices are stable and reasonable. At a recent meeting to seek solutions for the local tourism development, Nguyen Huy Dung, Deputy Minister of Information and Communications, also suggested a digital tourism map for tourists as all travelers have a demand for information during their trips. “In the short term, a professional national website … [Read more...] about Vietnam needs digital tourism map

A coastal route costing nearly VND1 trillion (US$42.5 million) has been put into use for economic development in Khanh Hoa Province, south-central Vietnam. The coastal route was put into operation in Van Ninh District, Khanh Hoa Province on Monday morning. The road, stretching from National Highway 1 to Dam Mon Peninsula in Van Phong Bay, located in Van Ninh District, is about 14.3 kilometers long and 34 meters wide with six lanes. The project was developed by Van Phong Economic Zone Management Board, and the construction was initiated in 2016. The road was built to create favorable conditions for transport infrastructure in the region, connect Hon Lon Island with other islands in Van Phong Bay, and gradually complete the infrastructure of the northern area of the Van Phong Economic Zone. The first cars to travel on the coastal route in Khanh Hoa Province, Vietmam. Photo: Minh Chien / Tuoi Tre Van Phong to become the center of a green economy At the … [Read more...] about $42mn coastal route put into use to boost economic development in south-central Vietnam