Japanese firms in the philippines

The digital transformation has made the cybersecurity market in Vietnam more attractive, leading to the establishment of more cybersecurity companies in the country. Opswat, a provider of critical infrastructure protection cybersecurity solutions, recently opened a critical infrastructure protection lab in Ho Chi Minh City. This is the first center of the U.S. company in Asia, proving its increased focus on growing its presence in Asia, including Vietnam. Many start-ups in the cybersecurity sector have been also founded in Vietnam, including Smart Cyber Security, which offers digital transformation services in cybersecurity. Vietnam National Cyber Security Technology Corporation (NCS) has supported large financial groups and organizations, banks as well as key units in Vietnam in cybersecurity. In September last year, NCS was the first unit to detect zero-day vulnerabilities in Microsoft Exchange Server. Vietnam has emerged as one of the leading countries in Southeast Asia … [Read more...] about Cybersecurity firms on the rise in Vietnam

Many Vietnamese enterprises achieved success in 2022 after shifting to exports through e-commerce platforms, especially Amazon. The trend is expected to continue this year. Vietnam was among the top five countries with the highest e-commerce retail sale growth rates in 2022, according to a report by the U.S.’s market research company eMarketer. Impressive growth A year after beginning to sell goods on Amazon to European and American markets, ChicnChill, a Vietnamese handicraft brand, reported a growth rate of up to 700 percent. Tran Tuan Dung, CEO of ChicnChill, said he saw the start-up thrive when a majority of Vietnamese enterprises have scaled down their operations due to the impact of the COVID-19 pandemic. He and his team spent months studying the lifestyle in European and American markets and home decoration trends there, thereby determining the company’s key products and penetrating into these markets. After a year, ChicnChill’s home decoration products are … [Read more...] about Vietnamese firms earn big from Amazon

Foreign capital is expected to continue to flow into the stock market as foreign investors' confidence remains strongly.(Photo: VNA) Hanoi - From being net sellers in the first nine months of 2022, foreign investors have become the driving force supporting the Vietnamese stock market in the last few months, and the inflows are expected to continue this year. In 2022, this group net disbursed more than 29.2 trillion VND (1.2 billion USD) to the market, while it has net sold nearly 18.8 trillion VND and set a record net selling value of over 62.2 trillion VND in 2021. In November alone, more than 16 trillion VND in net disbursed cash flow from foreign investors was significantly supported by exchange-traded fund (ETF) capital inflows into the market, primarily from the Fubon ETF and the VNDiamond Index-based ETF. A study by BIDV Securities Company (BSC) analysing over 50 billion USD owned by foreign investors on the Vietnamese stock market showed that more than half of foreign … [Read more...] about Foreign investors remain optimistic about Vietnamese stock market

Illustrative photo (Source: VNA) Hanoi (VNA) – The number of newly-established enterprises and businesses resuming operations in the real estate market saw a remarkable rise last year, said the Ministry of Construction . As per statistics from the Ministry of Planning and Investment’s Business Registration Management Agency, there were 8,593 new enterprises and 2,081 businesses resuming operations in 2022, up 13.7% and 56.7% year-on-year. Meanwhile, the number of firms declaring bankruptcy or dissolution also grew by 38.7% against 2021. The Ministry of Construction said 2022 still saw many challenges facing realty firms and forcing them to change their business and management plans. The changes included debt restructuring, scaling down production and investment, streamlining apparatus, and suspending new projects, among others. In the face of complicated economic developments, from the middle of the third quarter to the end of last year, the operations of real … [Read more...] about More realty businesses established, resume operations in 2022