Japanese firms in the philippines

Online platforms will help Vietnamese businesses expand their foothold in the foreign market. Vietnamese furniture exporters have been grasping opportunities to expand their foothold in the foreign market as the country is a member of multiple trade deals including the CPTPP and EVFTA, being emerged as an attractive alternative option. Making wooden products in a facility in Ung Hoa District, Hanoi. Photo: Cong Hung Insiders have said that the challenges are huge, but the opportunities since the pandemic have been pushing major buyers in Europe, the US, or Japan to look beyond China. Local firms, however, would not be able to grasp such opportunities if they are unable to approach customers during the pandemic. Taking furniture to online platforms While the Covid-19 pandemic has been causing tremendous hardship for businesses over the world, the combination of traditional and online selling channels is expected to open the door for Vietnam’s wood …

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A report released Monday places Vietnam in 44th position overall and first position among the lower-middle income economies. It retains its top position in the lower middle-income bracket from last year. With a score of 37, Vietnam is placed behind Thailand and ahead of Russia in the worldwide ranking and ahead of India in the lower middle-income bracket. The report mentions Vietnam as one of four economies (the others being Turkey, India and the Philippines) with the potential to change the global innovation landscape, systematically catching up with other economies like China. Vietnam in particular is among several developing economies that have held the record for over-performing on innovation relative to their level of development for the 11th year in the row, the report says. In Asia (excluding Western Asia), Vietnam is ranked 8th among 25 economies in the region, behind Thailand and ahead of India. The 2021 Global Innovation Index, issued by the World Intellectual …

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The inevitable thirst for talents in digital transformation is everyone’s business According to a 2018 survey of the International Data Corporation, the digital transformation is a must-have keyword in the development strategy of many businesses. Along with that, the pandemic has become a catalyst forcing enterprises to step up their digital transforming applications as they had no other choices but to work, connect, and manage their workforces remotely. Numerous companies have reshaped their operations by implementing technology in every department and getting used to the online data system to cope with this new reality. However, some people missed a crux of the whole problem – the pressure upon the IT department, in which the software and system developers play a vital role in the smooth operation of businesses during the digital transformation. That leads to escalation in the already high demand for talents in this field, turning it into a talent thirst in the HR system. …

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Việt Nam celebrate winning the AFF Cup 2018. Việt Nam have been drawn in Group B for the rescheduled AFF Cup 2020. Photo baochinhphu.vn Football HÀ NỘI — Việt Nam have discovered who they will face as they begin their defence of the AFF Cup. They have been drawn in Group B and will play Malaysia, Indonesia, Cambodia and Laos after the draw was made by the ASEAN Football Federation (AFF) in Singapore yesterday. Group A consists of Thailand, Myanmar, the Philippines, Singapore and Brunei or Timor Leste. The play-off match for the final place between Timor Leste and Brunei will take place on December 1. The draw saw Timor Leste confirmed as the away team in the one-off game. Last year, the AFF decided to postpone the AFF Cup 2020 due to the spread of COVID-19 but now it is rescheduled to be held from December 5, 2021 to January 1, 2022. Currently, the AFF is still actively working with member federations and co-operative units to decide on a neutral venue for …

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Vietnamese Ambassador to the Czech Republic Thái Xuân Dũng speaks at the event. — VNA/VNS Photo PRAGUE — The Vietnamese Embassy together with the association of Vietnamese enterprises in the Czech Republic earlier this week held a forum on promoting trade and investment between the nations. Speaking at the event, Vietnamese Ambassador to the Czech Republic Thái Xuân Dũng highlighted the importance of trade and investment promotion, particularly when both countries and others are seeking solutions for post-pandemic recovery. He said the forum aimed to help participating firms discuss issues related to the EU-Việt Nam Free Trade Agreement (EVFTA) so that they could come up with more suitable business plans and strategies. Trade between the nations hit US$936 million in the first half of 2021, up 28 per cent on-year, thanks to both sides’ efforts and the EVFTA’s impact. Participants focused their discussion on opportunities for Vietnamese enterprises with the coming-into-force …

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Vietsovpetro's Bach Ho oil field. (Photo: VNA) Hanoi (VNA) – The Vietnam – Russia oil and gas joint venture Vietsovpetro is likely to complete all of its yearly targets in revenue, profit and State budget payment right in September thanks to comprehensive and effective measures to promote production. A representative from the firm said that the fourth wave of COVID-19 that broke out in early May has posed adverse impacts on the health of all workers of Vietsovpetro as well as the operations of the firm as well as the entire oil and gas sector. In order to maintain safe operations amid the pandemic, Vietsovpetro leaders have given drastic and flexible directions on the implementation of solutions to ensure the health of workers and maintain production at the same time. Particularly, the firm has strengthened measures to cut cost and speed up digital transformation to maximise its performance in all conditions and circumstances. By giving proper assessments and …

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At the event (Photo: VNA) Hanoi (VNA) – A webinar entitled “Revival under the ‘New Normalcy’: Hong Kong-Vietnam Partnership” was held recently to seek ways to bolster trade cooperation and investment between Vietnam and Hong Kong (China). The event, jointly held by the Ministry of Industry and Trade of Vietnam and the Commerce and Economic Development Bureau (CEDB) of Hong Kong, was to help businesses of the two sides connect, find cooperation chances and ease negative impacts of COVID-19. Speaking at the event, Deputy Minister of Industry and Trade Tran Quoc Khanh underlined that the holding of the webinar amid the COVID-19 pandemic is necessary to share difficulties and seek solutions and orientations to support trade and investment activities of Vietnamese and Hong Kong firms. Hong Kong is an important partner of Vietnam and the two sides have ample room to step up cooperation and tap on advantages of each economy in the coming time, especially advantages Vietnam has …

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Senior Minister and International Trade and Development Minister of Malaysia Datuk Seri Mohamed Azmin Ali (Photo: malaymail.com) Kuala Lumpur (VNA) - Malaysia has given its commitment to complete the Regional Comprehensive Economic Partnership (RCEP) ratification process by mid-December this year. Senior Minister and International Trade and Development Minister Datuk Seri Mohamed Azmin Ali said the ratification process is pursuant to the agreement signed by 15 countries, comprising 10 ASEAN member states and five free trade agreement (FTA) partners, at the Fourth RCEP Summit on November 15 last year. He said based on the provisions of the RCEP Agreement, it will come into force 60 days after at least six ASEAN member states and three ASEAN FTA partners submitted the instruments of ratification to the ASEAN Secretariat. "To date, countries that have ratified the agreement include Singapore, China and Japan. Myanmar has sent the instrument of ratification to the ASEAN …

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