Small business news articles

Vietnamese Prime Minister Pham Minh Chinh attended a forum on innovation and startups with leading U.S. firms in San Francisco, California on Tuesday morning (local time) within the framework of his working visit. During the event, which was organized by the Asia Society Northern California, PM Chinh stated that Vietnam identifies science and technology, innovation, and entrepreneurship as important driving forces for development in the new era. Startup collaboration between Vietnamese and U.S. partners should focus on climate change response, digital transformation, technology transformation, and supply chain diversification, he continued. Attention should also be paid to the innovation and startup movement among young people. The premier went on to discuss with leaders of major U.S. businesses about opportunities for cooperation in innovation, science, and technology. The Vietnamese government is improving mechanisms and policies to welcome new startups, he stated, adding … [Read more...] about Vietnamese premier discusses innovation, startup cooperation with US businesses

Việt Nam’s commitments to the net-zero emission target have seen the country shifting from fossil fuels to electricity. — VNA/VNS Photo Công Thử HÀ NỘI — For a developing society and economy like Việt Nam’s, energy is the engine behind growth, especially in post-pandemic recovery. While it is important to save energy, what matters is smart consumption – correct, sufficient, and intelligent use of energy. The statement was made by Nguyễn Anh Tuấn, senior expert on energy from the Việt Nam Energy magazine at a seminar on Wednesday. Focusing on the economical use of energy, the event gathered experts in the field to discuss energy transition, renewable energy, and the solutions to ensure electricity supply during the summer months in Việt Nam. Elaborating on Tuấn’s point of view, director of the Centre for Energy and Green Growth Research (CEGR) Hà Đăng Sơn said: “Saving and using energy efficiently is the only way to go to achieve COP26 commitments and energy transformation. … [Read more...] about Việt Nam has huge potential for saving energy: experts

Developing modern logistics infrastructure and enhancing linkage to lower logistics costs would give a push to export growth. — Photo baochinhphu.vn HÀ NỘI — Lowering logistics costs is key to increasing the competitiveness of Việt Nam’s export products and the whole economy. The latest figures of the Việt Nam Logistics Association revealed that logistics costs were equivalent to around 20-22 per cent of the country’s GDP, much higher than Thailand (19 per cent), China (18 per cent), Malaysia (13 per cent) and nearly three times higher than the US and Singapore (8 per cent). The association pointed out that about 4,000 enterprises were providing logistics services in Việt Nam, 97 per cent of which were micro, small and medium-sized enterprises. However, service quality, capital, information technology application, digital transformation and human resources remained limited. Trần Đức Nghĩa from the association said that logistics costs were pushed up by high road … [Read more...] about Lowering logistics costs key to competitiveness

Assoc Prof and PhD Đinh Trọng Thịnh. The corporate bond market is expected to become a major source of capital for businesses in the long term, alleviating the pressure on the banking system in supplying capital to the economy. However, recent scandals involving bonds issued by property developers as well as uneven quality of corporate bonds have weakened investor confidence in the market. Assoc Prof and PhD Đinh Trọng Thịnh, a senior economist from the Academy of Finance, spoke to Vietnam News Agency Television about the loopholes in this market and solutions to make the market healthier and grow well. How do you evaluate the current state of the corporate bond market after a number of controversies related to corporate bonds? After some scandals involving corporate bond issuance, the corporate bond market has slowed down. Previously, the market grew about 46 per cent on average in the 2017-21 period and in 2021, the growth rate was 56 per cent. It still kept growing … [Read more...] about Fixing loopholes to improve health of the corporate bond market

National Assembly Chairman Vương Đình Huệ and his Singaporean counterpart Tan Chuan-Jin held talks in Hà Nội on Wednesday. — VNA/VNS Photo Doãn Tấn HÀ NỘI — Speaker of Singaporean Parliament Tan Chuan-jin and Chairman of Vietnamese National Assembly have agreed that successful economic cooperation will elevate bilateral relations during the official talks on Wednesday in Hà Nội. The Singaporean parliament leader is in the capital for a three-day visit on the invitation of his Vietnamese counterpart. NA Chair Huệ said the ‘miraculous development’ of Singapore with the wise vision of the leadership and the aspirations of the people are always a source of inspiration to Vietnamese leadership and people. Amid complicated regional and global geopolitical, economic developments, the two countries should tighten relations, including between the legislations to contribute to the advancement of the Strategic Partnership. Speaker Chuan-jin said his visit to Việt Nam is a chance for … [Read more...] about Việt Nam, Singapore to expand cooperation in digital transformation, green economy: Legislative leaders

The Emirates Group has released its 2021-22 Annual Report, which shows a strong recovery across its businesses.— Photo courtesy of Emirates The Emirates Group has released its 2021-22 Annual Report, which shows a strong recovery across its businesses. dnata returned to profitability, and significant revenue improvements were reported across Emirates and dnata as the group rebuilt its air transport and travel-related operations, which were previously cut back or curtailed by the pandemic. For the financial year ended 31 March 2022, the Emirates Group posted a loss of AED 3.8 billion (US$ 1.0 billion) compared with an AED 22.1 billion (US$ 6.0 billion) loss for last year. The group’s revenue was AED 66.2 billion (US$ 18.1 billion), an increase of 86 per cent over last year’s results. The group’s cash balance was AED 25.8 billion (US$ 7.0 billion), up 30 per cent from last year, mainly due to strong demand across its core business divisions and markets, triggered by the easing … [Read more...] about Emirates Group reports strong recovery in 2021-22

Customers buying MEATDeli, a product of Masan MEATLife, at a Vinmart+ store. — Photo thitmatmeatdeli.com HÀ NỘI — Higher animal feed prices have eroded livestock companies’ profits in the first quarter of 2022. VNDirect Securities Corporation said that the Russia-Ukraine conflict had a negative impact on the animal feed industry as supplies of raw materials for animal feed production like corn, soybeans and wheat, are disrupted, causing prices to rise sharply. The two countries are respectively the world's leading and third largest wheat exporter, accounting for one-third of the total trade of this commodity. Besides, Ukraine is the second largest corn exporter, accounting for 22 per cent of the world turnover. As of early April, the price of imported corn at Cái Lân port, Quảng Ninh Province, reached VNĐ9,200-9,500 per kg (US$0.4-0.41 per kg), an increase of 20-25 per cent compared to the end of 2021 and up 50 per cent over the same period last year. The average price of … [Read more...] about Livestock companies profit hit by rising animal feed prices

Prime Minister Pham Minh Chinh speaks at an event on innovation held by Asia Society on May 17 (US time). — Photos baochinhphu.vn Viet Nam expects to have start-up collaboration with the US on issues of global concern like climate change, digital technology and supply chain diversification. Prime Minister Pham Minh Chinh was speaking at a forum on innovation and start-ups held by the Asia Society on May 17 (US time) in the US. He affirmed that Viet Nam identifies science and technology, innovation and entrepreneurship as important driving forces for development in the new period. All three strategic breakthroughs that Viet Nam identified namely institutions, infrastructure and human resources are related to these forces, he added. The Prime Minister expressed his wish that US partners will continue promoting cooperation activities, especially in innovative start-ups. Start-up collaboration should focus on issues of global concern that the two countries are promoting … [Read more...] about Viet Nam to work with the US to develop start-ups on climate change, digital transformation

The Việt Nam Blockchain Summit 2022 will take place on July 21-22. — Photo ndh.vn HÀ NỘI — The Việt Nam Blockchain Summit 2022 will take place at the National Conference Centre of Việt Nam in Hà Nội on July 21-22. The event will bring together more than 2,500 delegates from management units, enterprises, investment funds, domestic and international organisations and individuals. The summit is an annual event on a national and international scale. Being organised for the first time by VINASA and Việt Nam Blockchain Association, the programme is oriented to become a prestigious annual destination, in the chain of events of the blockchain world. This year’s event is organised to accompany the Government, agencies, ministries, sectors and businesses in orienting, developing, and promoting the application of blockchain technology in Việt Nam, and at the same time making an impression on the country’s blockchain development, creating a destination for investors, developers in … [Read more...] about Việt Nam Blockchain Summit 2022 to take place in July

President Hồ Chí Minh picks wild orchids to present as gifts to young people. — VNA Archive photo HÀ NỘI — Football fans across Việt Nam shall turn on their home TV, or get together in a neighbourhood bar with a large screen, or in an open yard of a bia hơi joint to watch U-23 team play against Malaysia, scheduled to take place at Việt Trì Stadium in Phú Thọ Province. Homeland to the ancient founding fathers of what we call Việt Nam today, Phú Thọ can boast other signature cultural traits, the Hùng King Temple, the UNESCO intangible heritage of hát xoan , a ritual style of singing, or hát ghẹo , festival courting singing. For gardeners and orchid lovers, Phú Thọ was where the dendrobium-anosmum var, a variety of orchids was found. The fragrant five-white petal dendrobium was first found by a member of the Central Circus Troupe from Hà Nội, who evacuated to avoid bombing in 1972. Upon seeing the fragrant beautiful blooms on the old banyan … [Read more...] about Hosting the Games: Phú Thọ Province, home to the country’s classic orchid beauty