Expanding a business internationally

At a Saturday conference in Harvard University on Vietnam's development strategy in the 21st century, Prime Minister Pham Minh Chinh said Vietnam's economy has expanded into the fourth largest economy in ASEAN and among the world's top 12 economies with the largest scale of commerce. The country also takes part in 15 active FTAs, he said. Economist David Dapic said Vietnam taking part in FTAs was a major success. Millions of farmers have moved on to work in factories as a result. But the fact that most materials for production are imported from China is a weakness, he added. When the Covid-19 pandemic broke out, borders were closed and there was commercial tension, Vietnam's exports were affected, Dapic said. Vietnam's trade turnover with the U.S. may reach $100 billion this year. Such a figure might be small for the U.S., but Vietnam should take note to remain in constant communication and avoid being accused of currency manipulation, he advised. Nguyen Thi Hong, head of the … [Read more...] about Avoid unworthwhile investments, try estate taxes, Vietnam advised

Greek President Katerina Sakellaropoulou arrived in Hà Nội's Nội Bài International Airport on Sunday, beginning her official visit to Việt Nam. VNA/VNS Photo HÀ NỘI — Greek President Katerina Sakellaropoulou arrived in Hà Nội on Sunday, beginning her official visit to Việt Nam at the invitation of Vietnamese President Nguyễn Xuân Phúc. Within the framework of the five-day visit, the Greek President will visit the Monument to Heroic Martyrs and Hồ Chí Minh Mausoleum, hold talks with President Nguyễn Xuân Phúc, pay a courtesy visit to Party General Secretary Nguyễn Phú Trọng, and meet with Chairman of the National Assembly Vương Đình Huệ. She will also attend a document signing ceremony and meet with the press, visit the Temple of Literature and attend some local events. The visit is expected to contribute to consolidating political trust and deepening the multi-faceted cooperation between the two countries. The visit takes place in the context that the traditional friendship … [Read more...] about Greek President’s Việt Nam visit expected to deepen multi-faceted cooperation

Decisive factors Cybersecurity plays an important role in accelerating the national digital transformation process. According to Trinh Ngoc Minh, a member of the Executive Committee of Vietnam Information Security Association’s (VNISA) southern branch, Vietnam has significantly improved its data privacy protection capabilities and was listed among the top 25 countries and territories (out of 194) in the 2020 Global Cybersecurity Index (GCI). Minh said investment and interest in Vietnam's cybersecurity have been growing, with spending in this field increasing 50 percent and numerous domestically developed information security products put into use. Minh explained that a cybersecurity powerhouse is able to affect the world's cybersecurity system, pointing to the US, Russia and Israel as outstanding examples of such powers. Sharing Minh’s view, Vice Chair of VNISA and Deputy Chair of Bkav, Ngo Tuan Anh, said Vietnam boasts a highly qualified IT (information technology) … [Read more...] about Vietnam’s path to becoming a cybersecurity powerhouse