The Hanoitimes - Vietnam and North Korea have similar background in national protection. But how they responded has set them on different paths after decades. Trump touts Vietnam's economy as model for North Korea The selection of Vietnam for the second summit between US President Donald Trump and North Korean leader Kim Jong Un has somewhat guided the possible reproduction of some economic models that have portrayed Vietnam one of the world’s fastest-growing economies. Vietnamese President Nguyen Phu Trong and North Korean leader Kim Jong Un in Hanoi on March 1. Photo: VNS First of all, Vietnam serves as case study of foe-turned-ally. Vietnam and the US, once military enemies, are now parties in trade. Trade between Vietnam and the US has skyrocketed, growing from US$451 million in 1995 to roughly US$60 billion in 2018, according to statistics. People in HCM City welcome US President Barack Obama in May 2016. Photo: Soha … [Read more...] about Why world experts say Vietnam should be economic model for North Korea?
How coca cola changed the world
Among the top 10 most-chosen fast-moving consumer goods (FMCG) brands in Vietnam by sector in 2018, as revealed by Kantar Worldpanel, beer brand Tiger ranks third and is considered an affordable premium brand able to ride the up-trading wave in the country’s beer market. It also promotes a lot of social activities and activations that target Millennials or Generation Y (born between 1982 and 2004) in Vietnam, in the hope of capturing this rising consumer base. Representing 35 per cent of Vietnam’s population, the group are key customers in Vietnam’s FMCG market as they are the shopping generation of the future. Strategic approach The main shift in consumption patterns in Vietnam still comes from the simple fact that Millennials are on average much wealthier than any other generation before them. This group of 20 to 40-year-olds form the majority of the emerging middle and affluent class in Vietnam. There were around 20 million middle and affluent class consumers in … [Read more...] about Winning over Millennials
Chief representative of UNESCO Office in Hanoi Michael Croft at the event (Source: VNA) Hanoi (VNA) – The United Nations Educational, Scientific and Cultural Organisation (UNESCO) and development partners launched the project “For a World Without Waste” in Hanoi on October 17. The event aimed to gather UN agencies, government and non-governmental organisations, private sector and students in collective activities to reduce plastic and solid wastes in Vietnam, mostly in tourist attractions, world heritage sites and coastal communities. Chief representative of UNESCO Office in Hanoi Michael Croft highlighted creative approaches to dealing with environment issues, especially creating artworks from wastes to change behaviours toward environment. General Manager of Coca-Cola Indochina Hiroshi Kanazawa said in early 2018, Coca Cola announced the global campaign “World Without Waste” with a view to collecting and recycling all … [Read more...] about UNESCO launches environment project in Hanoi
It has been 30 years since Viet Nam promulgated the Law on Foreign Investment on December 29, 1987. This was an important milestone that made it possible for Viet Nam to open up its economy and integrate with the world. Many global leading companies have entered Viet Nam, such as Coca-cola, Intel, Canon, Samsung, Toyota, FedEx and others. More importantly, most of these corporations are looking to expand business here in the long run. A World Bank expert and representatives from foreign direct investment (FDI) enterprises, including Coca-cola and Canon, have made comments on the country’s 30 years of progress in attracting FDI Sebastian Eckardt, World Bank Sebastian Eckardt, World Bank’s Lead Economist for Viet Nam Viet Nam has been quite successful in attracting FDI ever since the country opened up to foreign investment. If we look at the impact, we can say that FDI has really contributed in various ways, including industrialisation, where a lot of investment went into … [Read more...] about After 30 years, FDI still pays dividends for VN
PM meets with multinational corporationsDeeper integration urged amongst Mekong countries: WEF ASEANASEAN unity key to deal with US-China trade tensionsWEF ASEAN 2018: PM receives Timor-Leste Foreign MinisterPM urges Carlsberg to expand investment in Việt Nam Automation technologies used in the Taiwan-invested Precision Việt Nam 1 Co Ltd, a manufacturer of automobile parts, located in Vĩnh Phúc Province. — VNA/VNS Photo Trần Việt Viet Nam News HÀ NỘI — According to a survey conducted late last year, 82 per cent of Vietnamese businesses have not taken steps to prepare for the fourth industrial revolution (Industry 4.0), while just 10 per cent said they were ready, Minister of Industry and Trade Trần Tuấn Anh said during a session themed “Digital Market, Global Opportunity” held on Thursday as part of the World Economic Forum on ASEAN in Hà Nội. “One of the significant … [Read more...] about Most Vietnamese businesses are outsiders to the Industry 4.0: trade minister