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Organisations from other sectors that are planning to add manufacturing capabilities for such products are also eligible to apply for the programme. Tecomen is Viet Nam’s leading manufacturer of water filters, water dispensers, air purifiers, sea water purification equipment, industrial filtration systems, and household electrical appliances. Since early 2020, the company has added medical face mask production to its product lines as the pandemic threatened to pose increasing risks to global health. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES JULY 6

“COVID-19 has accelerated change. We have seen dependency on online services grow exponentially almost overnight. This is spurring innovation in Southeast Asia, but there is also the risk that it will widen the digital divide. Small businesses make up the backbone of Southeast Asia’s economy, but the vast majority are offline. They will need to embrace technology and digitalise or risk falling further behind. … [Read more...] about New Grab programme helps small businesses grow online

Bac Giang (VNA) – More than 50 businesses, cooperatives and markets in and out the northern province of Bac Giang – the country’s largest lychee producer - have registered to engage in sales of “thieu” lychee – a local fruit specialty. To facilitate the consumption of this fruit, the provincial Department of Industry and Trade had worked with the Trade Promotion Department, Domestic Markets Department, Asia-Africa Market Department, and European-American Market Department of the Ministry of Industry and Trade, as well as the Department of Farm Produce Processing and Market Development, Plant Protection Department, and Cultivation Department under the Ministry of Agriculture and Rural Development. Bac Giang currently has more than 28,100ha of lychee, with output likely to increase by 10,000 tonnes to 160,000 tonnes this year. It has developed a host of plans and scenarios for lychee trade promotions this year given the COVID-19 outbreak, … [Read more...] about Over 50 businesses, cooperatives join sales of Bac Giang lychee

“The sandbox should be soon promulgated to screen the market. P2P companies also need to improve their clients' appraisal and credit rating before transferring that opportunity to investors. P2P businesses with good appraisals would be able to control investors' risks,” he added. … [Read more...] about P2P firms in Vietnam waiting for a sandbox

Vietnam-US trade reached $60 billion in 2018, and the US FDI in Vietnam hit the $9 billion threshold. However, the figure is small compared with the $300 billion worth of US annual outward investment capital. In 2012, the US committed $224 million worth of FDI in Vietnam, ranking 16th among the biggest foreign investors in Vietnam. … [Read more...] about Strong reform needed to attract high-quality FDI