Local production

Panasonic Ecology Systems Co., Ltd. and Panasonic Life Solutions Vietnam Co. Ltd. have completed a new factory in Binh Duong province, southern Vietnam, and they will shortly start the production as of October 13. This is the first Panasonic factory that will manufacture indoor air quality (IAQ) products in Vietnam, aiming to improve air quality and increase local consumer’s quality of life. The factory will provide ceiling and ventilating fans for both the domestic and overseas markets, including Asia, the Middle East, and Africa, ahead in the next fiscal year ending in March 2023. As a main production hub for indoor air quality related devices in Southeast Asia, the Binh Duong factory will increase Panasonic’s production volume of these devices in the region to approximately 1.5 times in 2026 compared to 2021. A research and development (R&D) department is due to be established in 2024 in order to turn the factory into a site that integrates development, production, … [Read more...] about Panasonic set to launch indoor air quality products in Vietnam

Photos of more than 60 colourful traditional costumes of various ethnic groups across Vietnam are being displayed on Google Art and Culture platform. (Google screenshot) Hanoi (VNA) - A collection of hundreds of high-quality photos depicting the culture and life of 54 ethnic minority groups across Vietnam is being on display for the first time on the global digital platform , Google Arts & Culture. The exhibition, titled "Precious Heritage Art Gallery Museum" by French photographer Réhahn Croquevielle, includes vibrant photos showcasing over 60 colourful traditional costumes from various ethnic groups such as Dao, Bo Y, O Du, Phu La, La Hu, Pu Peo, Pa Then, and Si La. It also features interesting stories and unique artefacts that the author collected during his journey throughout Vietnam, discovering the beauty of the country and its people. Information on each photo is provided in Vietnamese, English, and French. Images of 54 ethnic groups living in the … [Read more...] about Cultural space of Vietnam’s 54 ethnic groups presented on “digital museum”

Vietnam’s gross domestic product (GDP) is hoped to grow 6.46% in the third scenario when the global economy will see positive changes, and Vietnam will take drastic actions in reform and management (Photo: VietnamPlus) Hanoi (VNA) – The Central Institute for Economic Management ( CIEM ) put forwards three scenarios for Vietnam’s economic growth in 2023 at a seminar in Hanoi on July 10 to announce a report on the domestic economy in the first half of this year, and prospects for the second half. Specifically, Vietnam’s gross domestic product (GDP) is expected to grow 5.34% this year under the first scenario. The first scenario assumes the global economic development matches assessments of international organisations and Vietnam, under which the country’s export turnover is projected to drop by 5.64%, and its consumer price index (CPI) will rise 3.43%, with a trade surplus of 9.1 billion USD. Under the second as, given monetary and fiscal easing in Vietnam , the GDP … [Read more...] about CIEM forecasts three economic growth scenarios for Vietnam in 2023

Many American semiconductor firms have highly valued the huge potential for the semiconductor industry in Vietnam, expressing their hope of opening chip production facilities in the country. The leaders of these companies were speaking during a meeting with Vietnamese Prime Minister Pham Minh Chinh on Wednesday morning (Vietnam time). Prime Minister Chinh and a high-ranking delegation of Vietnam on Tuesday morning (local time) landed in Washington, D.C., the second leg of their business trip to the United States. During the meeting, the prime minister called on U.S. semiconductor enterprises to continue their cooperation with Vietnamese partners and beef up their investment in infrastructure, technology transfer, semiconductor design and production, and human resource training. PM Chinh affirmed that the Vietnamese government and ministries are building a fair and healthy business climate for all enterprises, including those from the U.S.. Vietnamese Prime … [Read more...] about US firms see Vietnam’s great potential for semiconductor industry

In January 2000, we established our first branch in San Jose, California, the heart of Silicon Valley. The director of that branch was a patriotic diasporic Vietnamese. But the American Dream did not come true for us. After merely one year of operations, FPT USA had to temporarily stop operating due to a lack of customers. We tried everything, with different people attempting to take the reigns of business development. From a Vietnamese expat to a graduate from prestigious MBA programs. What we received were critics, portraying our managers as "delusional about our corporate capability" and our programmers "weak in both expertise and language skills." It was a total failure. No one cared about a nameless company from Vietnam, a country only known then for the prolonged war. One of our then-potential customers was surprised to learn that it only took one hour to fly from Hanoi to Bangkok. He could not imagine the locations were so close, despite his own flying to Bangkok quite … [Read more...] about Working with American business partners requires understanding their way of thinking

French tourist Laurine, who visited HCMC for the first time earlier this month, said before her trip to Vietnam her friends told her she should haggle at half the initial price when buying items in HCMC. When Laurine visited Ben Thanh in downtown area, she was impressed by the beauty of the century-old market with French colonial architecture. She dropped by souvenir stalls inside the market and asked to buy conical hats and small embroidered paintings, but vendors charged her over VND200,000 (US$8.22) for each item. She then negotiated with the vendors and bargained for 50-70% of the initial price. When the vendors refused, she pretended to walk away and they then chased after her, agreeing to sell each item for VND40,000-80,000. "Rip-offs have become a common issue at traditional markets in many Asian countries, not just Vietnam. Therefore, I was not shocked when I was overcharged, but I just didn't know what the real value of the item was, nor what I deserved for the amount … [Read more...] about Tourists wary of rip-offs in HCMC

Illustrative image (Photo: tuoitre.vn) HCM City (VNA) - The Ho Chi Minh City People’s Council has officially approved the establishment of a Department of Food Safety in the city, the first such provincial-level agency in the country. The department will operate under the management of the municipal People’s Committee and follow professional directions and instructions from the Ministry of Health, the Ministry of Agriculture and Rural Development, and the Ministry of Industry and Trade. The establishment of the department is an upgrade of the six-year pilot operation of the municipal Food Safety Management Board. The move is also in line with the National Assembly’s Resolution 98/2023/QH 15 on special mechanisms and policies for the city’s development. With a population of over 10 million people, the demand for food in HCM City is huge, making it a hub for the circulation of a large volume of locally-produced and imported food products, hence the need for the … [Read more...] about HCM City establishes country’s first food safety department

Deputy Prime Minister Tran Luu Quang speaks at the conference. (Photo: VNA) Lam Dong (VNA) – Deputy Prime Minister Tran Luu Quang has identified three main tasks for the development of the Tay Nguyen Central Highlands and required provinces in the region to prioritise those tasks, while addressing the first conference of the Tay Nguyen coordinating council held in Da Lat city , Lam Dong province , on September 20. The Deputy PM said the three main tasks are completing transport infrastructure, enhancing intra-region connectivity, and establishing connectivity with adjacent regions and localities. Localities in the region should devise mechanisms to coordinate with each other in investment attraction and promotion following the principle of putting the region's common interests first, he said, adding that another important task is to set forth a strategy on developing agricultural production chains to make the best use of regional advantages. A view of the … [Read more...] about Deputy PM identifies three main tasks for Central Highlands development