Creating favourable conditions for logistics development After two years of implementing the Prime Minister’s Decision 200/QĐ-TTg on the action plan for improving the competitiveness and development of Vietnam’s logistics by 2025 the logistics industry in general and the capacity of logistics enterprises have made significant progress. According to the Vietnam Association of Logistics Service Enterprises (VLA), along with the GDP growth rate, industrial production value, export and import turnover or value of retail sales and consumer services, Vietnams’ logistics service has reached a relatively high growth rate over recent time, rising from 12% to 14%. In addition, logistics infrastructure has also been improved over the past two years. The number of logistics centres, distribution centres, dry ports and bonded warehouses are increasing and they are also being upgraded technically. Many logistics centres have applied information technology in goods … [Read more...] about BUSINESS NEWS IN BRIEF 30/3
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Microsoft and SAP promote co-operation Microsoft Viet Nam and SAP announced their partnership. Microsoft Viet Nam and SAP – one of the global leaders in enterprise software – on Friday announced a strategic partnership. This mutual collaboration aims to propel Viet Nam’s Industry 4.0 by providing integrated offerings from both companies for enterprise customers in Viet Nam to be able to drive more business innovation in the cloud. This collaboration will also help accelerate SAP and Microsoft’s cloud business growth in Viet Nam. As leaders in enterprise software, SAP and Microsoft are aligning closely to provide companies in Viet Nam with the safe and trusted path to digital transformation. SAP and Microsoft are moving ahead in bringing SAP’s various software and services to Azure. The two tech giants will also co-engineer, go to market together with premier solutions and provide joint support services to move forward to the best cloud … [Read more...] about BUSINESS NEWS IN BRIEF 24/3
Viet Nam hopes that South Korean investors will participate more deeply in the equitisation process of Vietnamese enterprises. The statement was made by Ha Huy Tuan, vice chairman of the National Financial Supervisory Commission, at the 8th International Conference on Finance and Economics, co-organised in Ha Noi on March 21-22 by the Viet Nam Chamber of Commerce and Industry (VCCI), Viet Nam’s Ministry of Finance (MOF), The South Korea’s Financial Supervisory Service (FSS) and South Korea’s magazine EDAILY. “We really hope that Korean investors will grasp co-operation opportunities by participating in the equitisation process of Vietnamese enterprises, especially the restructure of the banking sector and the application of fintech (financial technology),” Tuan said. "The application of fintech to build a comprehensive public finance management system in Viet Nam has great potential because the country has a young population, good internet infrastructure … [Read more...] about Viet Nam, South Korea to intensify co-operation in finance
The Hanoitimes - South Korea remained Vietnam’s top investor, posting annual registered capital of FDI in range of US$7 – US$9 billion over the last five years. South Korea’s SK Group to invest US$1 billion in Vietnam’s Vingroup: Bloomberg South Korea’s unicorn Woowa Brothers acquires Vietnam’s food delivery Vietnammm South Korea’s major conglomerates seek investment expansion in Vietnam South Korea’s leading corporations tap into Vietnam’s finance - banking sector Vietnam – South Korea relations are built on high level of mutual trust, and the two countries share similarities in culture and history, according to South Korea Ambassador to Vietnam Kim Do Hyon. Overview of the conference. Source: Ngoc Thuy. “Being the host of the second North Korea – US summit, Vietnam plays a key role facilitating cooperation between the North and the South,” Kim said at the eighth International … [Read more...] about Vietnam – South Korea relations built on high level of mutual trust: Amb.
The latest statistics from Vietnam’s Ministry of Planning and Investment (MPI) showed that, as of February 20, 2019, the RoK was the largest foreign investors in Vietnam, with 7,592 valid projects registered at more than US$63.7 billion. In the first two months of this year, the RoK was the third largest foreign investor in Vietnam, with US$873 million worth of newly-registered and newly-added capital, and stake acquisitions. The top and second largest foreign investors are Hong Kong (China) (US$4.323 billion), and Singapore (US$979.17 million). New York-based Kroll, a division of Duff & Phelps, which is the leading global provider of risk solutions, said that RoK investment in Vietnam “has been a success story,” and the RoK “remains by far the largest foreign investor in Vietnam.” On the rise The positive position of RoK firms in Vietnam is a result of long-standing bilateral commercial relations. RoK FDI entered Vietnam in three waves. After 1992, … [Read more...] about RoK investment continues its uptrend in Vietnam