Local business development

Tourism authorities in Thua Thien-Hue Province, central Vietnam on Sunday installed 138 signboards of 'WC Free Use For Tourist' at local businesses and households offering free bathrooms to travelers. The initiative was launched by the Hue City Party Committee to establish a system of free restrooms for travelers in an effort to develop and promote the provincial capital Hue's tourism image as a warm, secure, modern, and culturally-rich destination. Phan Thien Dinh, secretary of the Hue City Party Committee, used his own Facebook profile to encourage his friends and local residents to support the campaign. After a month, 138 businesses and residences decided to take part in the activity. These properties are marked with a 'WC Free Use For Tourist' signboard. Local authorities install a 'WC Free Use For Tourist' signboard at a business establishment in Hue City, Thua Thien-Hue Province, Vietnam, March 19, 2023. Photo: Dai Noi / Tuoi Tre According to Phan … [Read more...] about Vietnam city sets up free restrooms for tourists at households, business establishments

Le Nguyen Xuan Vu, CEO of Xuan Nguyen Group JSC, unveiled that for more than four years now, the company has not been able to access bank loans to support production, expedite factory investments, or grow. “Our long-term plans faced a halt in 2018 due to capital access difficulties. Although we have completed 70 per cent of the work volume, several projects are still waiting for capital to procure equipment and allow us to start operation,” said Nguyen. Businesses in agricultural production are facing multiple hardships This does not only affect Xuan Nguyen, many other firms in the food sector need capital advances before each season to make prepayments and build up stock amidst soaring input prices. Nguyen Dinh Tung, chairman of Vina T&T Import Export Trading Service Co., Ltd. said, "Food companies like us all need advances to cover the cost of product purchases and help farmers expedite production." "Sadly, as of now, both input costs and output markets … [Read more...] about Still tough times for food businesses

A mission, including 52 businesses from the U.S., is scheduled to visit Vietnam this week to learn about the local market and seek business and investment opportunities. This is the largest-ever U.S. business mission to Vietnam. Ted Osius, president and CEO of the U.S.-ASEAN Business Council (USABC), told Tuoi Tre (Youth) newspaper on Monday that these U.S. firms will meet with the Vietnamese prime minister, National Assembly chairman, and ministers. Amazon is among the U.S. enterprises coming to Vietnam this week. Photo: Reuters Learning about Vietnam’s digital, green transformation potential According to Osius, USABC members stressed at a meeting with Vietnamese Prime Minister Pham Minh Chinh during his visit to the U.S. on the occasion of the ASEAN-U.S. Special Summit in May 2022 that they considered Vietnam a strategic market in the region and were committed to making investments in Vietnam and cooperating with Vietnamese partners for a long term. … [Read more...] about Biggest-ever US business delegation comes to Vietnam to seek investment opportunities

The Mira Blockchain Center in Hanoi aims to bring blockchain technology to life through integrated technology-based physical products and high technology projects. The unit will play the role of researching, applying, deploying, and transferring blockchain technology in artificial intelligence-related technology and other sectors. Through research, Mira will create and utilize blockchain technology for ground-breaking technological solutions. The hands-on human resources training center will provide consultation services and technology deployment training for both local and international businesses. The Mira Blockchain Center's services include blockchain application services for asset management, finance, and supply chains, technology consulting services for businesses or organizations, and blockchain testing services for testing and evaluating blockchain performance in businesses. Leon Truong (Truong Gia Bao) from DTS (2nd, L) shakes hands with Ngo Van Tau from GMO … [Read more...] about Vietnam blockchain development center launched in Hanoi

Over the past 35 years of development, the Vietnam Bank for Agriculture and Rural Development, better known as Agribank, always proves its position and role as a leading commercial bank in Vietnam. It has pioneered monetary policies, contributing to stabilizing the macro-economy, curbing inflation and supporting the country’s economic growth. The bank has cemented its key role in developing the agriculture sector and rural areas and offering credit and services to serve the country’s socio-economic development. Agribank was proud to receive the Vietnam National Brand award for the third consecutive year in 2022 and was among the top 10 Vietnamese strong banking and financial brands the same year. The lender has obtained impressive achievements in digital and green transformation and made substantial contributions to community development. Despite the negative impact of the COVID-19 pandemic, Agribank, with its initiative and flexibility, has employed multiple … [Read more...] about Vietnam’s Agribank wins many local prestigious prizes

Hanoi aims to become the leading locality in the development of cultural creative space. The various cultural heritages that exist in Hanoi have significant potential, serving as a foundation and resource for Hanoi's socio-economic growth, particularly in cultural tourism development. Overview of the conference. Photos: Lai Tan/The Hanoi Times Vice Chairman of the Hanoi People’s Committee Ha Minh Hai gave the remarks at an international conference titled “Promoting the role of world cultural and natural heritages in sustainable development for Hanoi” today [March 24]. Cultural heritages as invaluable assets According to Hai, Hanoi is positioned as the political-administrative center of Vietnam and is a significant center for culture, science, education, economy, communication, and international trade. Hanoi is also known as the "Heritage City" and is the leading locality in terms of the number of monuments, he said. “The city’s cultural heritage … [Read more...] about Cultural heritage to propel Hanoi’s future development

Durians from Ben Tre province (Photo: VNA) HCM City (VNA) – Building and developing trademarks and obtaining certificates of origin are considered effective ways to create added value for products, thus expanding markets for specialties of the Mekong Delta. Tran Giang Khue from the Ministry of Science and Technology ’s Intellectual Property Office said during 2018-2022, the Mekong Delta recorded over 9,800 intellectual property applications and issued more than 5,800 certificates for trademarks and certificates of origin. Cities and provinces in the region have issued a number of documents related to the management of intellectual property assets, origin certificates, trademarks, support for registration of protection, and development of collective trademarks for several key products in the region such as Ben Tre green skin pomelo, Ben Tre green coconut, Cao Lanh mango (Dong Thap), Ca Mau lobster and crab, Phu Quoc fish sauce, Hong Dan red dust rice (Bac Lieu), Cau Duc … [Read more...] about Mekong Delta develops trademarks for specialties

Vietnam - Singapore Industrial Park J.V. Co. (VSIP) on Saturday signed memoranda of understanding (MOU) with nine Vietnamese provinces to develop smart and sustainable industrial parks (IPs). VSIP is a joint venture between Becamex IDC Corporation, under the People’s Committee of Binh Duong, just outside Ho Chi Minh City, and Sembcorp Development Ltd., a wholly-owned subsidiary of Singapore’s Sembcorp Industries, a leading energy and urban solution provider. The signing ceremony was part of the 'Binh Duong: Initiation - Connection - New Development' program, attended by Deputy Prime Minister Le Minh Khai, leaders of ministries, agencies and localities, and hundreds of investors. It was also an expansion of a broader MOU between Becamex and Sembcorp Development inked during Vietnamese Prime Minister Pham Minh Chinh’s state visit to Singapore early last month. Smart and sustainable IPs will be considered in nine provinces, including Binh Phuoc, Tay Ninh, Binh Thuan, Khanh Hoa, … [Read more...] about VSIP joins hands with 9 Vietnamese provinces to develop smart IPs

Minister of Culture, Sports, and Tourism Nguyen Van Hung made the suggestion at the province’s tourism development conference held in Ha Long city on March 17. He said Quang Ninh should develop special travel products that could not be found anywhere else, increase the popularization of its image, open overseas representative offices, and apply itself to tackling difficulties in tourism development such as manpower shortages and environmental pollution. The conference was also a chance for other localities nationwide to learn local tourism development lessons, including making constant reforms and capitalizing on local natural and cultural resources, the official noted, adding that Quang Ninh has continually been one of the best performers nationwide in attracting domestic and international visitors. In his remarks, Secretary of the provincial Party Committee Nguyen Xuan Ky emphasized that Quang Ninh welcomes and pledges to provide the best possible conditions for domestic and … [Read more...] about Quang Ninh advised to focus on three pillars in tourism development

The Vietnamese Government commits to creating all possible conditions for businesses to growth further, Prime Minister Pham Minh Chinh affirmed at the Vietnam Business Forum 2023 (VBF 2023) in Hanoi on March 19. PM Pham Minh Chinh speaks at the forum (Photo: VNA) Reviewing the country’s socio-economic recovery and development achievements in 2022, the PM said the macro economy remained stable, major economic balances were ensured, and notably the domestic investment and business environment was improved significantly. During the post-COVID-19 period, the foreign investment disbursement went up 13.5% as compared with 2021, which reflected Vietnam’s attractiveness in the regional and global investment maps, he said. Chinh stressed that the Vietnamese Party and State advocate green growth in order to ensure rapid, effective and sustainable economic development, contributing to implementing the 2021-2030 socio-economic development strategy. However, green … [Read more...] about PM pledges to further support enterprises at Vietnam Business Forum 2023