Vietnamese and Japanese firms receive support to expand operations The Japan Trade Promotion Organisation (JETRO) will host an online scheme on March 3 in Hanoi aimed at connecting Japanese businesses in the field of manufacturing and production, known as Monozukuri in Japanese term to facilitate co-operation amid the negative impacts caused the COVID-19 pandemic. According to a representative from the JETRO, the business matching programme will see the participation of 40 Japanese companies for the purpose of accelerating the development of the country’s supporting industry. At present, the scheme has received registration for 50 negotiations from enterprises from Japan, Vietnam, and Taiwan (China), whilst it is still receiving registration from businesses wishing to purchase and seek Japanese suppliers in the Monozukuri field until March 1. A recent survey conducted by the JETRO unveiled that Japanese businesses remain keen on the Vietnamese market as the country is viewed as an alternative investment destinations for Japanese enterprises looking to move away from China due to the COVID-19 pandemic. The survey indicates that approximately half of Japanese enterprises in the nation plan to expand their production activities, while roughly 70% of them seek opportunities to increase revenue in the local market. Most notably, 46.8% of Japanese enterprises unveiled that they have initiated plans to expand their business in the nation over the course of the next two years, with the expansion rate ranking fourth, the highest in the Asia-Pacific region. Japanese enterprises have therefore attributed their expansion to an increase in revenue in the domestic market and high growth potential. Furthermore, Japanese firms are also considering re-establishing some supply chains which have been impacted by the COVID-19 pandemic, with Vietnam able to capture the attention of suppliers and buyers of materials globally. VN-Index finishes lower as …
Science technology innovation
Digital transformation and the digital economy
The fourth industrial revolution, digital transformation and the digital economy are mentioned many times in documents of the 13th Party Congress. VietNamNet would like to introduce the speech delivered by Minister of Information and Communications Nguyen Manh Hung at the congress. Minister of Information and Communications Nguyen Manh Hung. Photo: Pham Hai The desire to develop a prosperous and happy country and the desire for a mighty Vietnam have been aroused. The flag has been raised to gather all of Vietnamese people. The way to the target has been shown, which is science and technology, innovation, the 4th industrial revolution, digital transformation, and digital economy. The decisive factor for success is Party building and reorganization tasks so that people always believe in the Party's leadership. Digital technology, digital transformation, digital economy, and digital age are a process occurring over decades. It is a global trend, an irreversible process. The physical world is being digitized. Real life is being brought into cyberspace. The process of creation, production and business is taking place more and more in cyberspace. With the emergence of the 4.0 industrial revolution, with the push of the world Covid-19 pandemic, the world is at the breakthrough point in the digital transformation process. This is an opportunity for Vietnam to realize its aspirations for building a mighty and prosperous country. Digital economy includes economic activities that use digital information and digital knowledge as the main production factor. It uses the Internet and information networks as space for operation; and uses ICT, i.e. electronics, telecommunications and information technology, to increase labor productivity and to optimize the economy. Simply, the economy is related to digital technology. In a narrow sense, the digital economy is only related to the ICT sector. In a broad sense, these are areas that are close to digital …
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‘City within a city’ among hottest property market trends: experts
A view of Phú Mỹ Hưng City Centre in HCM City. “City within a city” is a new trend in housing market. — Photo phumyhungcity.com.vn HCM CITY — ‘City within a city’ is likely to become a new trend in the housing market this year, experts predict. Property consultant Jones Lang LaSalle (JLL) explained that the concept refers to large-scale integrated developments. It has grown in popularity recently as developers seek to attract buyers with holistic, well-planned communities within a city as people seek to avoid the chaos created by rapid urbanisation and lagging infrastructure in shared facilities. Nowadays developers taking part in city planning have to carefully understand the fundamentals of city planning to create sustainable value for their large-scale projects, according to Trang Bùi, head of markets, JLL Vietnam. According to JLL, the beauty of any large-scale development is the ability to offer a diverse range of housing types to various groups of potential buyers. While each building should be custom designed for a specific group, the overall living environment should still be harmonious, it said. For example, in Phú Mỹ Hưng City Centre in District 7, developers build smaller apartments in the urban heart of the development targeted at single expats and young tenants. Family-oriented buyers who buy larger units tend to prefer the quieter area of the development. ‘City within a city’ is one of five trends JLL predicts the market would see. The Covid-19 pandemic has left hardly any business or industry untouched, according to JLL. But other parts of life and business have continued apace, sustainability initiatives are forging ahead, interest rates are low, and demand for commercial real estate continues to rise. Offices would change, but workers are eager to head back, and as the world looks ahead to 2021, it is worth looking back at a year that changed real estate and, crucially, at trends that have either …
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