Government support for businesses

A business owner in Phan Rang City, Ninh Thuận Province, uses computer to introduce products on her website. —VNA/VNS Photo Nguyễn Thành HÀ NỘI — As the central coastal province of Ninh Thuận shifted to more service industries, most of its 4,000 small businesses have been told to go digital. Most recently, the Ministry of Planning and Investment (MPI) coordinated with the People's Committee of Ninh Thuận and the United States Agency for International Development (USAID) to organise a conference, aiming to raise awareness of the importance of digital transformation in doing business in the province. MPI’s representative said that with the increasingly developing digital economy in the country and around the world, organisations, businesses and traditional models needed to make drastic changes to continue to exist and develop especially during the pandemic. To a province with mostly agricultural production like Ninh Thuận, digital transformation was still relatively new, and at … [Read more...] about MPI supports digital transformation for SMEs in Ninh Thuận

Virginia B. Foote, President of the Board of the US International Centre, speaks to Vietnam News Agency reporters on the sidelines of Prime Minister Pham Minh Chinh’s meeting with US enterprises in New York on May 16. (Photo: VNA) New York (VNA) – With Vietnam-US economic relations having grown steadily over time, the American business community is very optimistic and working very hard in Vietnam, according to Virginia B. Foote, President of the Board of the US International Centre. The two countries have reached a new height of over 100 billion USD in two-way trade, Foote, who is also co-founder of the US-Vietnam Trade Council (USVTC) and President and CEO of Bay Global Strategies, told the Vietnam News Agency's reporters on the sidelines of Prime Minister Pham Minh Chinh’s meeting with US enterprises in New York on May 16. She highlighted the entrepreneurial spirit in Vietnam as well as its great workforce, better infrastructure and significant location in Asia as … [Read more...] about American business community very optimistic about US-Vietnam economic ties

Prime Minister Pham Minh Chinh speaks at the conference (Photo: VNA) San Francisco - Prime Minister Pham Minh Chinh on May 17 (local time) attended a Vietnam-US trade, investment and tourism promotion conference themed ‘Rediscovering Vietnam’ in San Francisco. The conference, held by the national carrier Vietnam Airlines and two travel groups – Saigon Tourists and Thien Minh Group – to boost the cooperation between enterprises of the two countries and to introduce Vietnam to US friends and partners. Addressing the event, PM Chinh highlighted the development of the Vietnam-US ties, benefiting both countries and contributing to peace, cooperation and development in the world. The Government leader affirmed that economic, investment, trade and science-education cooperation is an important pillar in the bilateral relationship. In the very challenging year of 2021 due to the COVID-19 pandemic, two-way trade still reached 112 billion USD, accounting for nearly … [Read more...] about PM urges US businesses to invest in tourism and trade in Vietnam

Mark Ratcliff, sustainability specialist at Except Integrated Sustainability Whether we acknowledge it or not, sustainability is and always has been our most important goal. Collectively, we have gotten away with pushing it aside for too long. We can no longer ignore it, but realizing sustainability beyond a marketing slogan is easier said than done. Many countries are falling behind, and without a systemic shift to a more long-term mindset, Vietnam will also flounder and fail to achieve its bold National Green Growth Strategy for 2021-2030. Nevertheless, things are not as gloomy as they seem. Except Integrated Sustainability, a Dutch consultancy and design firm, has initiated ViCo, Vietnam’s first sustainability community for innovation. It aims to bolster worldwide partnerships, enhance learning, and help with new joint business models to support the shift to sustainability and attract more funding. Vietnam is perfectly positioned to prosper and, with the support of ViCo, … [Read more...] about Supporting Vietnam’s strive for sustainability

Virginia B. Foote, President of the Board of the US International Centre, speaks to Vietnam News Agency reporters on the sidelines of Prime Minister Pham Minh Chinh’s meeting with US enterprises in New York on May 16. — VNA/VNS Photo With Viet Nam-US economic relations having grown steadily, the American business community is very optimistic and working very hard in Viet Nam, according to Virginia B. Foote, President of the Board of the US International Centre. The two countries have reached a new height of over US$100 billion in two-way trade, Foote, who is also co-founder of the US-Viet Nam Trade Council (USVTC) and President and CEO of Bay Global Strategies, told Vietnam News Agency's reporters on the sidelines of Prime Minister Pham Minh Chinh’s meeting with US enterprises in New York on May 16. She highlighted the entrepreneurial spirit in Viet Nam as well as its great workforce, better infrastructure and significant location in Asia as advantages for American firms doing … [Read more...] about American business community optimistic about US-Vietnam economic ties

Foreign resources are key for Vietnam in the process of building an independent and self-reliant economy. Vietnam would continue to open doors for foreign investors in new fields of the stock market, energy transition, digitalization, healthcare, and pharmacy. Overview of the meeting. Source: VGP Prime Minister Pham Minh Chinh gave the view during a meeting with major corporations and venture capital listed on the New York Stock Exchange (NYSE) on May 16. “Vietnam is striving to build an independent and self-reliant economy, focusing on global integration with foreign resources as a key driver,” Chinh said. In this regard, Chinh noted the Vietnamese Government is putting in place measures to ensure a transparent, healthy, and competitive business environment for both local and foreign businesses. “We expect to gain trust and confidence from businesses for Vietnam’s economy, instead of causing concern and troublesome,” he added. Amid the ongoing … [Read more...] about Vietnam opens doors for foreign investors in new business fields: PM

Mr. Phan Van Mai, Chairman of the People's Committee of HCMC, meets US enterprises. (Photo: hcmcpv.org.vn) Leaders of departments and agencies in HCMC; Ms. Marie Damour, Consul General of the US to HCMC; Mr. Jahanzeb Khan, Vice President of Amcham Vietnam HCMC; Ms. Mary Tarnowka, Managing Director of AmCham Vietnam also attended the seminar. Speaking at the meeting, Mr. Phan Van Mai, Chairman of the People's Committee of HCMC, said that the American business community is one of the strongest and most dynamic business communities in the city, with many contributions to the city's socio-economic development, as well as the relationship between the two countries. Especially, when the city struggled with the fourth wave of the Covid-19 pandemic and implemented an economic recovery program after that, the US business community has actively accompanied the city in connecting HCMC with vaccine manufacturers, donating medical equipment, and calling on the US Government to support … [Read more...] about HCMC highly appreciates companionship of US business community

Prime Minister Phạm Minh Chính addressed the conference 'Rediscovering Việt Nam' held in San Francisco on May 17 (US time). — VNA/VNS Photo SAN FRANCISCO — Prime Minister Phạm Minh Chính on May 17 (local time) attended the US-Việt Nam trade, investment, and tourism promotion conference themed ‘Rediscovering Việt Nam’ in San Francisco. The conference, held by the national carrier Vietnam Airlines and two travel groups – Saigontourist Group and Thiên Minh Group – to boost the cooperation between the enterprises of the two countries and to introduce the image of Việt Nam to US friends and partners. Addressing the event, PM Chính stressed Việt Nam’s consistent foreign policy of independence, self-reliance, diversification, multilateralisation, and commitment to be a good friend, a reliable partner, a responsible member of the international community; and the building of an independent and self-reliant economy associated with active, proactive, extensive international integration … [Read more...] about PM urged US businesses to invest in tourism and trade opportunities with Việt Nam after COVID-19

Prime Minister Pham Minh Chinh addressed the conference 'Rediscovering Viet Nam' held in San Francisco on May 17 (US time). — VNA/VNS Photo Prime Minister Pham Minh Chinh on May 17 (local time) attended the US-Viet Nam trade, investment, and tourism promotion conference themed ‘Rediscovering Viet Nam’ in San Francisco. The conference, held by the national carrier Vietnam Airlines and two travel groups – Saigontourist Group and Thien Minh Group – to boost the cooperation between the enterprises of the two countries and to introduce the image of Viet Nam to US friends and partners. Addressing the event, PM Chinh stressed Viet Nam’s consistent foreign policy of independence, self-reliance, diversification, multilateralisation, and commitment to be a good friend, a reliable partner, a responsible member of the international community; and the building of an independent and self-reliant economy associated with active, proactive, extensive international integration with substance and … [Read more...] about PM urged US businesses to invest in tourism and trade opportunities with Viet Nam after COVID-19

A business owner in Phan Rang City, Ninh Thuan Province, uses computer to introduce products on her website. —VNA/VNS Photo Nguyen Thanh As the central coastal province of Ninh Thuan shifted to more service industries, most of its 4,000 small businesses have been told to go digital. Most recently, the Ministry of Planning and Investment (MPI) coordinated with the People's Committee of Ninh Thuan and the United States Agency for International Development (USAID) to organise a conference, aiming to raise awareness of the importance of digital transformation in doing business in the province. MPI’s representative said that with the increasingly developing digital economy in the country and around the world, organisations, businesses and traditional models needed to make drastic changes to continue to exist and develop especially during the pandemic. To a province with mostly agricultural production like Ninh Thuan, digital transformation was still relatively new, and at the end … [Read more...] about MPI supports digital transformation for SMEs in Ninh Thuan