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The event connects 14 service providers in the cross-border e-commerce industry to bring together solutions to support Vietnamese businesses to promote exports via e-commerce. — VNS Photo Viet Nam could see its e-commerce export revenues rise to VND296.3 trillion (US$12.5 billion) by 2027, heard the 2023 Cross-Border E-Commerce Conference in Viet Nam in Ha Noi on Wednesday. Amazon Global Selling and Viet Nam E-commerce and Digital Economy Agency (iDEA), Ministry of Industry and Trade kicked off their Cross-Border E-Commerce (CBEC) Conference in Viet Nam in response to growing demand from Vietnamese businesses and to empower them to capture the rising CBEC opportunity. With the theme “Embrace Asian Experience, Vietnamese Brands Go Global”, held in Ha Noi on Wednesday and HCM City on Friday, the event will include a CBEC conference to share the most updated insights and information about the e-commerce export industry, a connecting day for 14 services providers in many services … [Read more...] about Supporting businesses to promote online exports

Vietnamese Foreign Minister Bui Thanh Son (front, centre) at a session of the OECD Ministerial Council Meeting 2023 (Photo: VNA) Paris (VNA) – Minister of Foreign Affairs Bui Thanh Son is taking part in the Organisation for Economic Cooperation Development (OECD) Ministerial Council Meeting 2023 in Paris on June 7 - 8. Minister Son attended the event as representative of Vietnam – co-chair of the OECD Southeast Asia Regional Programme, at the invitation of OECD Secretary-General Mathias Cormann and the UK’s Foreign Secretary James Cleverly. Themed “Securing a Resilient Future: Shared Values and Global Partnerships”, the meeting is the most important event of the OECD in 2023, attracting the participation of ministers of the OECD member states and guest countries, along with leaders of the European Commission and many international organisations. Addressing the event, the Vietnamese official emphasised that sustainable and inclusive growth is secured only when … [Read more...] about Vietnam makes suggestions at OECD Ministerial Council Meeting 2023

Vietnamese consumers are also becoming more discerning and value conscious (Photo: VNA) Hanoi (VNS/VNA) - Vietnam remains an attractive market for retailers as Vietnamese consumers remain optimistic about the economic challenges and are driving premium purchases. Vietnamese consumers’ overall optimism remained one of the highest among countries globally, according to global management consulting firm McKinsey. McKinsey wrote in a recent article on its website that Vietnamese consumers were optimistic that the country’s economy would rebound within two to three months and grow just as or even more strongly than before the COVID-19 pandemic. There was also a clear intent by consumers to “splurge” and treat themselves, with more than 70% of respondents saying they intend to increase spending on categories of products or services they spent less on over the past year and a half. It was estimated that more than half of the Vietnamese population would enter the global middle … [Read more...] about Vietnam remains an attractive retail market: reports

According to the Ministry of Planning and Investment’s Foreign Investment Agency (FIA), accumulatively as of May 20, total foreign direct investment (FDI) inflows into Vietnam reached $10.86 billion, a drop of 7.3 per cent on-year, the fall is getting smaller than in previous months. Of this, newly registered capital was $5.26 billion, up 27.8 per cent on-year; additionally registered capital was $2.28 billion, down 59.4 per cent; and capital contribution and share purchase $3.32 billion, up 67.2 per cent. Do Nhat Hoang, FIA director-general, said that the rise of newly registered investment in the first five months is much higher than that in the first four months (11 per cent). The number of newly registered projects in the first five months also soared sharply on-year (66.4 per cent) to over 960 projects. “The growth rate of the number of new projects confirms that small- and medium-sized foreign investors continue to believe in Vietnam’s business environment,” said Hoang. … [Read more...] about Vietnam tasked with gaining FDI edge

Vietnam’s e-commerce export revenue is currently experiencing a remarkable annual growth rate exceeding 20 percent and is projected to reach VND296.3 trillion (US$12.6 billion) by 2027. The forecast was released at the Vietnam Cross-border E-commerce Conference 2023 held in Hanoi on Wednesday by the E-commerce and Digital Economy Agency under the Ministry of Industry and Trade in collaboration with Amazon Global Selling, a program that enables merchants to list and sell their products across the world on U.S. e-commerce giant Amazon’s marketplaces. In her remarks at the event, Lai Viet Anh, deputy director of the E-commerce and Digital Economy Agency, highlighted the flourishing global trend of cross-border e-commerce, which is gaining momentum in numerous countries worldwide. “In Vietnam, the retail e-commerce sector demonstrates an annual growth rate of more than 20 percent annually,” Anh said. With this impressive growth rate, Vietnam possesses immense potential for the … [Read more...] about Vietnam’s e-commerce export revenues grow over 20% per year: conference

Fortinet and IDC experts talk about cybersecurity in Viet Nam. — Photo courtesy of Fortinet Fortinet, a global cybersecurity leader driving the convergence of networking and security, has unveiled the importance of single vendor Secure Access Service Edge (SASE) to secure remote workers amidst the surge of unmanaged devices and increased security incidents. The survey was conducted by International Data Corporation (IDC) among 450 cybersecurity leaders from nine different locations across Asia such as Hong Kong, India, the Philippines, South Korea, and Việt Nam Survey respondents came from nine industries, including manufacturing, retail, logistics, healthcare, FSI and the public sector. The survey explored cybersecurity leaders’ perspectives on hybrid work, particularly how it impacted their organisations in the last year and their strategies to mitigate the security challenges arising from the adoption of hybrid work. Among the new findings was the rise the … [Read more...] about Fortinet reveals survey on single vendor SASE in the hybrid work era

Illustrative image (Courtesy of AFD in Vietnam) The European Union (EU) and France, through the French Development Agency (AFD), recently offered 20 million EUR (23.6 million USD) in aid to Vietnam to help improve resilience, water and natural resources management . On May 11, Ambassador of the EU to Vietnam Giorgio Aliberti and AFD Director in Vietnam Fabrice Richy signed an agreement to enhance cooperation to improve resilience to climate change and natural disasters in Vietnam, moving towards a “green future”. Under the agreement, the EU will provide a non-refundable aid of 20 million EUR for AFD. Via coordination with central and local authorities, AFD will call on the Water and Natural Resources Management (WARM) Facility to prepare and launch projects co-financed by AFD’s loans and Vietnam’s resources during the 2011-2029 period with total estimated capital of 200 million EUR. As planned, the WARM will back the preparation and implementation of more … [Read more...] about EU and France help Vietnam towards a green future

Hoang Quang Phong, Vice President of the Vietnam Chamber of Commerce and Industry speaks at the opening ceremony of the exhibition. (Photo: VNA) Hanoi (VNA) – The 11th Hanoi International Plastic, Rubber, Printing, and Packaging Industry Exhibition (Hanoi PlasPrintPack 2023) was opened in Hanoi on June 8, attracting 200 companies with 340 booths. The companies are from 11 countries and territories including China, India, Indonesia, Japan, Malaysia, the Philippines, Taiwan (China), Hong Kong (China), Thailand, the UK, and Vietnam. Speaking at the opening of the exhibition, Hoang Quang Phong, Vice President of the Vietnam Chamber of Commerce and Industry, said that along with the development of the domestic manufacturing industry, the plastic, packaging, and printing industries also see rapid growth. They are supporting industries with great potential and require high-tech products, modern production processes, and management to increase competitiveness in the market. Ho Duc … [Read more...] about Over 200 companies join Hanoi PlasPrintPack 2023

Organized by the Saigon Giai Phong (Liberated Saigon) newspaper, Saigon Co.op and the Ho Chi Minh City Union of Business Associations, it includes building a corporate brand communication strategy associated with environmental social responsibility, mobilizing a large number of volunteers to participate as "information ambassadors" to support the public to clearly identify environmentally friendly products and those made by companies that are environmentally conscious. Saigon Co.op’s distribution system will have promotions and separate display areas for environment-friendly products. Among the highlights of this year’s campaign is a Green Trade Forum with the theme "Green Trade - Challenges and Development Prospects of Enterprises" to be held on June 14 with experts analyzing solutions to improve the efficiency of State management and integrate green growth into the socio-economic development plan. Le Truong Son, Deputy General Director of Saigon Co.op, said the campaign would … [Read more...] about Annual Green Consumption Campaign begins in Ho Chi Minh City

In this competition, five out of 19 Vietnamese teams at primary and secondary schools excellently won awards and four others were in the Top 20. The People’s Army Newspaper has had an interview with Dr. Tran Viet Hung, the co-founder of the organization about the championship. The VEX WORLDS 2023, drawing more than 30,000 students from over 50 countries and 50 U.S. states, is a big tournament in the world. Asked about the initial idea of STEAM for Vietnam - a U.S. non-profit organization, U.S. Center (under the U.S. Embassy and Consulate in Vietnam), and the Hanoi University of Science and Technology about this playground, Dr. Tran Viet Hung emphasized the importance of STEAM education for those engaged in technology and to help hone students' thinking effectively and unlock their potential. He mentioned Bill Gates, Elon Musk, Mark Zuckerberg as good examples in early getting use of computer and technology. He confirmed that with deep knowledge, people fear nothing and dare to … [Read more...] about Project inspires Vietnamese students to dream big