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Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc has signed a resolution to promote the development of support industries with the aim of having 2,000 enterprises capable of directly supplying parts for multinational corporations in ten years. These companies provided essential, high-quality parts for larger enterprises to allow them to carry out business in Vietnam. According to Resolution 115/NQ-CP, Vietnamese enterprises will be able to produce highly competitive supporting industrial products, meeting 45 percent of the essential needs for domestic production and consumption, accounting for about 11 percent of industrial production value by 2025.   About 1,000 enterprises are expected to be capable of supplying directly to assembly enterprises and multinational corporations, of which domestic enterprises account for about 30 percent by 2025. By 2030, supporting industrial products will meet 70 percent of the demand; accounting for about 14 percent of industrial … [Read more...] about Vietnam aims to have 2,000 supporting businesses

He said the carrier’s senior management has been working hard to steer the airline to recovery. It has negotiated with partners to delay debt repayment of VND2.4 trillion ($103 million) for this and next year. Local banks have also agreed to let the airline delay payments of VND775 billion. … [Read more...] about Covid-19 resurgence clips Vietnam Airlines wings again

With domestic flights allowed to go back to their normal schedule, FLC is sticking to its target of claiming a 30 percent domestic market share this year, and also plans to fly to more destinations in East Asia, Europe and the Americas. … [Read more...] about Conglomerate FLC reconciles to $84 mln loss in 2020 due to pandemic

Bamboo Airways’s charter capital in April was increased by 73 percent to VND7 trillion ($299 million), and Hien said that FLC does not plan to pour more money into the airline this year. The company maintains its target to achieve 30 percent of the aviation market share this year. … [Read more...] about FLC denies selling Bamboo Airways stake

The potential is really large when we start putting together various players who all have excess assets and time and connect them to customers who will pay for that. Generally speaking, the way of seeing the world this way, where there is always a way to connect demand and underutilised assets, is something that as a concept will have a lot of different applications. Some of those applications we will build as part of our core business, but I think many other companies in Viet Nam and Southeast Asia will figure out interesting ways to increase productivity and monetise assets through this sharing economy concept. … [Read more...] about Indonesian super app Gojek to increase investment in Viet Nam