In the coming time, along with taking advantage of the EU-Vietnam Free Trade Agreement (EVFTA) which took effect from August 2020 and other signed agreements such as the Regional Comprehensive Economic Partnership (RCEP) and the UK-Vietnam Free Trade Agreement (UKVFTA), the granting of cultivation area codes and packaging facilities codes will be promoted with greater value, such that Vietnamese agricultural products can openly enter large markets with preferential tax rates. This is also a new opportunity for Vietnam’s agriculture sector to strengthen the fulfilment of standards for many commodities, accelerate exports right from the first months of 2021 to realise the target of exporting agricultural, forestry and fishery products for the whole year reached US$ 42 billion. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 25
Consulting firms for small business
Vietnamese firms thrive despite divestment of foreign shareholders
Hanoi (VNS/VNA) - The increase in Vietnam's stock market has helped foreign shareholders implement their disinvestment plans in Vietnamese enterprises. However, these activities will not have a significant effect on companies' internal systems. Foreign shareholders play important roles in supporting business activities and creating a good image for public listed companies. After achieving initial cooperative targets, some organisations plan to disinvest. Vietnamese companies witnessed the withdrawal of many foreign investors, but their businesses are still growing due to accumulative management skills during the cooperation period. Lucerne Enterprise Ltd and NS Advisory Inc Pte.Ltd of Nikko Indonesia sold millions of Licogi 16 (LCG) shares at the end of 2020. The Indonesian shareholders started to invest in LCG in 2014. The LCG shares price ended last Friday at 14,750 VND, up 96.4 percent year-on-year. The share price almost hit a … [Read more...] about Vietnamese firms thrive despite divestment of foreign shareholders
COVID-19 Crisis: How Digital Marketing Help Businesses Thrive Amidst the Pandemic
Having a business digital marketing strategy that leans intensely on the community, relationships, and brand building with customers is vital to give them a reason to connect with your brands on a deeper level for strong brand loyalty. Find a new business model and strategy, and give out a message that resonates with the community for the business to be in an excellent position to retain market share as economic activity across the country begins to reach its new capacity. … [Read more...] about COVID-19 Crisis: How Digital Marketing Help Businesses Thrive Amidst the Pandemic
Peach, kumquat tree growers busy ahead of Tet
Next to Nhat Tan Village, Tu Lien kumquat village is also bustling with customers. Besides traditional kumquat pots, this year, artisans of the village have many unique ideas about the shape of a buffalo for the year of Tân Sửu – the year of buffalo. … [Read more...] about Peach, kumquat tree growers busy ahead of Tet
Vietnam’s supporting industries receive push to develop further
Hanoi (VNA) – The Vietnamese Ministry of Industry and Trade is actively implementing a lot of supporting industry development programmes, given the great importance of supporting industries. Thanks to these programmes, Vietnamese businesses have been facilitated to apply modern quality management standards and systems, increase the quality of their products, and gradually participate in global supply chains. However, deputy head of the Science Institute on Small-and-Medium Enterprises Management (SISME) Nguyen Kim Hung said that businesses are facing difficulties in approaching credit, due to specific characteristics of supporting industrial production as well as the low starting point of small- and medium-sized enterprises. In this context, Chairman of the Vietnam Chamber of Commerce and Industry Vu Tien Loc stressed the need for mechanisms and policies to develop supporting industries, strengthen connectivity, take advantage of new markets, and expand supply channels and … [Read more...] about Vietnam’s supporting industries receive push to develop further