Electronic components production line at Synopex Vietnam Co Ltd (invested by Korea), in Quang Minh Industrial Park in Ha Noi. — VNA/VNS Photo Danh Lam About 50 businesses from South Korea are seeking Vietnamese partners, especially in the field of robotics and automation. The information was released at a workshop on promoting robotics and automation held by the Ministry of Planning and Investment’s Foreign Investment Agency, ASEAN-Korea Centre and Vietnam Association of Supply Industry in Ha Noi on Friday. Lee Hyuk, Secretary-General of the ASEAN-Korea Centre, said South Korean firms expected to share information and technology, and develop co-operation with Vietnamese businesses in the field of robotics. South Korea is a leader in the production and application of robots in industrial production on a global scale. This is a strength contributing to economic development of the country, creating famous products favoured by consumers. Lee said Korean achievements in the … [Read more...] about Viet Nam, S Korea boost co-operation in robots and automation
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Tech drives Viet Nam investment
The man works in the steel pipe factory of Hoa Phat Group JSC. Hoa Phat is among the top 10 most profitable companies in Viet Nam. — VNA/VNS Photo Ngoc Ha A Viet Nam Report survey on the 500 most profitable companies in the country said most business insiders expect technology to remain the leader in attracting investment. The survey announced the Profit500 Ranking for Viet Nam in Ha Noi on Monday. Technology was the most common answer among enterprises (51.4 per cent of respondents), construction and real estate (40 per cent) and retail (34.3 per cent). In the Profit500 Ranking, the companies with the highest average pre-tax profits are in telecommunications, information and technology. The enterprises have the potential to show stable growth profit indicators. While the world is moving towards the Fourth Industrial Revolution, the application of technology in Vietnamese businesses is still in its early stages due to lack of capital, infrastructure and a skilled workforce. The … [Read more...] about Tech drives Viet Nam investment
Remittances to Viet Nam could fall due to US policies
The remittances come to Viet Nam mainly through four channels – banks, currently accounting for 72 per cent, economic organisations, customs agencies, and the postal system. — Photo vnexpress.net Overseas remittances to Viet Nam are expected to decline mainly due to global factors. Analysts said they include US President Donald Trump’s anti-immigrant policies, the US Federal Reserve’s policy of raising interest rates and the US-China trade war. Statistics from the United Nations Development Programme show that 60 per cent of the remittances to Viet Nam comes from the US while Europe accounts for around 20 per cent. Other major sources are China, South Korea and Japan. The remittances come to Viet Nam mainly through four channels – banks, currently accounting for 72 per cent, economic organisations, customs agencies, and the postal system. Overseas Vietnamese living in the US, Canada, Germany and France account for the most remittances. HCM City is … [Read more...] about Remittances to Viet Nam could fall due to US policies
FrieslandCampina honoured as one of the best companies to work for in Viet Nam
FrieslandCampina Việt Nam wins HR Asia’s “Best Companies to Work for in Asia 2018 – Vietnam Chapter” award at a ceremony in HCM City on September 14. — Photo Courtesy of the FrieslandCampina FrieslandCampina Viet Nam has won the huge honour of being named among the 20 best companies to work for in Viet Nam with an award from HR Asia. The “Best Companies to Work for in Asia 2018 – Vietnam Chapter” award is a prestigious prize given by the leading publication for human resource professionals in Asia. It has been given for several years now, and covered 12 markets across the region this year, including Việt Nam for the first time. In Viet Nam, HR Asia conducted a survey of 130 companies in 24 fields, polling 20 per cent of employees at each company about their satisfaction, engagement, workplace culture, opportunities for promotion, and individual development. In the survey, FrieslandCampina Viet Nam got a higher than average … [Read more...] about FrieslandCampina honoured as one of the best companies to work for in Viet Nam
Sharing economy and opportunities Viet Nam
Viet Nam is positioned to take advantage of the growing opportunities presented by the sharing economy, said Rebecca Bryant, Australian Embassy Charge D’Affaire at the conference on the sharing economy held in Ha Noi on Thursday. “With a well-educated and young population and almost 70 per cent of people owning a smart-phone, Viet Nam’s economy stands to benefit significantly from these developing technologies,” Bryant said. She said that one of the greatest changes of recent years had been the development of the sharing economy. The sharing economy is estimated to grow from US$14 billion in 2014 to $335 billion by 2025, increasing by 22 times within 10 years. “So while the sharing economy is still in its infancy at the moment, it will inevitably become a major part of the economy – both at a national and global level,” she noted. Nguyen Thi Tue Anh, deputy director of the Central Institute for Economic Management (CIEM) agreed, saying the … [Read more...] about Sharing economy and opportunities Viet Nam