Current trends in ecommerce

On September 22, at the recent conference on granting investment registration certificates for projects in industrial areas in Haiphong, Haiphong Economic Zones Management Authority (HEZA) approved the $500 million ECOVANCE high-tech biodegradable materials factory project from SK Group. The project has the goal of producing biodegradable materials PBAT, PBS, and PBATS. The project covers over 32,000 square meters located in DEEP C Haiphong I Industrial Zone (IZ). Phase 1 of the project will start construction in mid-December and complete construction within nine months. It is expected that the project capacity will reach about 35,000 tonnes of products per year. After the expansion in phase two, the project will reach a capacity of 70,000 tonnes per year. Woncheol Park, CEO of SKC Group (part of SK Group) said, “We have invested around $3 billion in Vietnam for five years now. Haiphong is one of the cities with modern infrastructure and good investment attraction mechanisms, … [Read more...] about SK Group to pour $500 million into DEEP C Industrial Zones in Haiphong

Green-certified office buildings on the rise, Photo: Shutterstock Standard Chartered Bank Vietnam’s head office in Hanoi was the latest to be awarded LEED Gold certification at the beginning of September, demonstrating the bank’s commitment to sustainability and delivering the most environmentally conscious design. The bank has fulfilled the standards set by the LEED Green Building rating system of the US Green Building Council (USGBC). The verification includes a range of factors including energy efficiency, human health and wellbeing, water conservation, indoor environmental quality, sustainable and regenerative material cycles, and active community engagement. Michele Wee, CEO of Standard Chartered Bank (Vietnam), said that certification reflected the bank’s shared values and commitment to crafting spaces that excel in functionality while minimising ecological footprint. “Standard Chartered commits to continuing to drive sustainable economic growth, embrace responsible … [Read more...] about Green-certified office buildings on the rise

The selection of stocks based on strict criteria and risk management for the investment portfolio becomes particularly important. Currently, assessing the valuation and growth potential of individual companies and stocks is much more important than looking at the overall market valuation. — VNA/VNS Photo Multiple open-end funds have reported significant profits since the beginning of 2023, although last year many suffered losses or low profits due to market declines. Good Profitability Rates Many open-end funds have recorded higher rates of return compared to the market average. Among them, the VinaCapital-VESAF Fund recorded the highest rate with a 37% increase in profits, followed by SSISCA with a nearly 36 per cent increase, VCBF-MGF with 35 per cent, DCDS 34.8 per cent, DCBC 28.7 per cent, while the benchmark VN-Index only 20 per cent. Nguyễn Hoài Phương, the Investment Director and Fund Manager of VinaCapital-VESAF, stated that in the early months of 2023, the portfolio … [Read more...] about Multiple open-end funds record positive performance in 9 months

All Vietnam Artificial Intelligence Day 2023 (AI4VN 2023) events take place at Riverside Palace in District 4 this year, including four main activities: the AI Summit, the AI Workshop, the AI Expo, and the CTO Summit 2023, which will select and honor the company with "the best technology environment in Vietnam." With the theme "Artificial Intelligence Empowering Life," the main session of the AI Summit 2023, which opens on Friday, has attracted thousands of registrations from AI-interested communities. Technology demonstration booths at Vietnam Artificial Intelligence Day 2023 (AI4VN 2023) opened on the afternoon of September 21, attracting droves of AI lovers. Photo by VnExpress/Quynh Tran The session will open at 8:30 a.m. and will be reported online by VnExpress . The event is expected to draw the participation of government leaders, ministries, large corporations, scientists, and members of the community interested in technology development and AI applications. … [Read more...] about Vietnam Artificial Intelligence Day 2023 opens

At the 2023 Australian Investment Forum in Ho Chi Minh City last week, deputy director Vu Van Chung of the Foreign Investment Department under the Ministry of Planning and Investment noted that Vietnamese businesses are now well-equipped to venture into major economies, no longer limiting their focus solely to countries of similar economic stature. One-on-one meetings with representatives from Australian states and territories were held within the Forum. Photo: Australian Embassy in Vietnam “Traditionally, we’ve collaborated with nations matching our development level, management capabilities, and potential,” Chung said. “However, in the past five years, investments from Vietnamese firms have witnessed unprecedented growth in both quality and quantity.” With its burgeoning economic development, Vietnam offers myriad collaboration and international integration opportunities. “Currently, we have approximately 850,000 enterprises, with ambitions to expand this figure … [Read more...] about Australian presence apparent in quality and quantity

Kim Dooyoon, CEO of JB Securities Vietnam What is your assessment of the financial landscape of the country, and how have you seized opportunities? In the last three years living and working in Vietnam, I have found that for Vietnamese business, the main source of financing is mostly from banks, and the capital markets are in the early stage compared to peer countries in Asia. As Vietnam's economy grows fast compared to other countries, I expect that its capital markets will also grow to meet the funding needs from the industries, based on my experience and study in Korea and the US. With this expectation, I have decided to focus on the debt capital market first since I joined JB Securities Vietnam (JBSV) three years ago. In particular, in the last two years, JBSV has advised corporate bond issuances and made commitments to invest more than 1 trillion VND. Thanks to our strong financial analytical skills and advanced risk management scheme on the bonds, JBSV has been … [Read more...] about JB Securities strives to contribute to development of Vietnam’s capital markets

Recently, leading US businesses and corporations in the field of semiconductors assessed that Việt Nam has potential and opportunities to develop the semiconductor industry ecosystem. — VNA/VNS Photo To maintain a high growth rate of exports, it was necessary to target new trends, including semiconductors, said experts. The scale of this market reached more than US$600 billion last year, and is forecasted to reach $1.4 trillion by 2029. Việt Nam is a very open economy, with total import-export turnover reaching 200 per cent of GDP, making the economy vulnerable to external fluctuations, said experts. Economic expert Nguyễn Đình Cung, former director of the Central Institute for Economic Management (CIEM) told Doanh Nhân Việt Nam (Vietnamese Businessman) online magazine that Việt Nam's economy was very open and was becoming more and more open. Therefore, the economy was susceptible to even external factors. Finding a solution to this problem, experts say that to avoid … [Read more...] about Semiconductors a key industry that Việt Nam is aiming for in the future

Recently, leading US businesses and corporations in the field of semiconductors assessed that Vietnam has potential and opportunities to develop the semiconductor industry ecosystem. (Photo: VNA) Hanoi - To maintain a high growth rate of exports, it was necessary to target new trends, including semiconductors, said experts. The scale of this market hit more than 600 billion USD last year, and is forecast to reach 1.4 trillion USD by 2029. Vietnam is a very open economy, with total import-export turnover reaching 200 per cent of GDP, making the economy vulnerable to external fluctuations, said experts. Economic expert Nguyen Dinh Cung, former director of the Central Institute for Economic Management (CIEM) told Doanh Nhan Viet Nam (Vietnamese Businessman) online magazine that Vietnam’s economy was very open and was becoming more and more open. Therefore, the economy was susceptible to even external factors. Finding a solution to this problem, experts say that to avoid … [Read more...] about Semiconductors a future key industry of Vietnam

Technology the answer for wastewater treatment, illustration photo Nearly 20 Dutch businesses will visit Ho Chi Minh City on October 11-13 to participate in the 14th VietWater summit. The event, which covers international water supply, sanitation, water resources, and purification, is deemed an ideal platform for exhibitors to showcase the most advanced products in water resource management, irrigation, urban water supply and drainage, and other water-related areas. Kees van Baar, Ambassador of the Netherlands to Vietnam, said that the reason Dutch environmental technology and wastewater treatment businesses choose to come to Vietnam is because the two countries “speak the same language of water”. “Our companies have a lot to offer. With state-of-the-art technology and expertise, we have the tools to tackle some of the toughest challenges while lowering the water and carbon footprint at the same time. This is important to meet our goals, but it is also important for those … [Read more...] about Technology the answer for wastewater treatment

The event was co-organized by the Vietnam Academy of Social Sciences (VASS), Lao Academy of Social and Economic Sciences (LASES), and Royal Academy of Cambodia (RAC). Addressing the conference, VASS President Dr. Phan Chi Hieu said the promotion of the digital economy is considered one of the key tasks to accelerate the restructuring of an economy, associated with innovation in the growth model and the improvement of growth quality, aiming to help a nation escape the middle-income trap and move towards the goal of becoming a developed industrialized country. The trend comes with opportunities and challenges for nations involved, including Vietnam, Laos, and Cambodia, in their development and expansion of investment and commercial collaboration, he noted. LASES President Dr. Sonethanou Thammavong said the conference boasts an important theme, reflecting the countries’ readiness to build their digital-transformation-oriented socio-economic infrastructure. Laos' digital … [Read more...] about Int’l conference discusses Vietnam – Laos – Cambodia cooperation in digital economy