Step back to move forward

Speaking at the Vietnam Socio-Economic Forum 2023 on Tuesday, the female leader said she hoped that the National Assembly and the government pay attention and soon issue policies for HCMC to deploy a financial center to ease capital flows, strengthen businesses' resources, and mark a step forward in Vietnam's development in the world financial market. Le Hong Thuy Tien, CEO of IPPG. Photo courtesy of Le Hong Thuy Tien Since 2016, IPP Group has hired the Sheerman Company (UK) to develop a project to establish financial centers in HCMC and Da Nang. Resolution No. 31 of the Politburo on the direction and tasks of developing HCMC with a vision to 2045 also sets the target to turn the city into an economic and financial center of Asia. Tien said through a financial center, Vietnamese businesses can access capital at reasonable costs, improve competitiveness, and receive training and transfers of high-quality financial human resources. The center also promotes the … [Read more...] about IPPG CEO emphasizes the need for financial center in HCMC

Held on the 50 th anniversary of diplomatic relations between Vietnam and Australia, the international TECHFEST in Melbourne marks a new step forward for Vietnam's innovative startup ecosystem in the global playground. The event was attended by Vietnamese Minister of Science and Technology Huynh Thanh Dat and Australia's Treasurer and Minister for Trade and Investment Tim Pallas, as well as over 100 experts and investment funds from the two countries. Vietnamese Minister of Science and Technology Huynh Thanh Dat giving his speech at TECHFEST in Australia The Vietnamese minister said the MoST organised the international TECHFEST in Australia – a country with an advanced and dynamic startup ecosystem – to celebrate 50 years of diplomatic relations between the two countries, and to promote deeper cooperation by connecting the nations' businesses. “We are determined to build an open ecosystem, encouraging foreign incubators and startups to come to test new … [Read more...] about Vietnam hosts TECHFEST in Australia for first time

Vietnam is always ready to participate responsibly in bringing innovative solutions to worldwide economic, social, and sustainable development issues. Vietnam's innovation startup ecosystem is dynamic, highly open, and ready to integrate with international standards, according to Tim Pallas, Australia's Treasurer and Minister for Trade and Investment. Tim Pallas made the remarks at the 2023 International Techfest, co-hosted by Monash University, the Vietnamese Ministry of Science and Technology (MoST), and the National Agency for Technology, Entrepreneurship and Commercialization Development. The event was part of a working visit to Australia by a Vietnamese delegation led by Minister of Science and Technology Huynh Thanh Dat to attend the Global Entrepreneurship Congress 2023 in Victoria this week. Techfest, Vietnam’s largest annual event for innovative start-ups , was held for the first time in Melbourne, Australia, on September 20 to mark the 50th anniversary of … [Read more...] about Vietnamese innovation startup ecosystem is dynamic and open

Non-communicable diseases are still on the rise in Vietnam, and thus more choice and more modern answers are required, Photo: Le Toan Pfizer plans to bring numerous innovative medicines to Vietnam over the next four years. This is in line with its global strategy, as the company has made significant progress towards launching 19 new products over an 18-month span, having executed 11 launches so far. According to Pfizer, the company continues to build momentum, recently attaining key milestones for several products, including the US launches of Prevnar 20 in paediatric patients; as well as US approvals and launches of several other key medicines Darrell Oh, country manager of Pfizer Vietnam, told VIR, “Pfizer Vietnam will continue focusing our business where we believe we can have the greatest impact on patients and society – pursuing what we believe to be the most innovative biopharmaceutical therapies and vaccines.” “More than ever, we believe that the innovative industry … [Read more...] about Innovative medicine sales top the list for multinationals

The Toronto-based Avison Young announced its expansion into the Vietnamese market on September 20 through a strategic affiliation agreement with the Ho Chi Minh City- and Hanoi-based D&P Company. The commercial real estate company is establishing a presence in Southeast Asia for the first time. Its services include valuations and advice, industrial and office leasing, as well as property and asset management. The offices in Hanoi and Ho Chi Minh City will be led by David Jackson (right) and Peter Dinning (left), who will be joining as principals, with Jackson taking on the role of CEO and Dinning acting as chairman Mark E. Rose, chairman and CEO of Avison Young, said that, with the fast growth in Vietnam, the company is incredibly excited to expand the Avison Young network into the Asia-Pacific real estate market through this affiliation with D&P. “Vietnam's robust economy and dynamic real estate sector offer tremendous opportunities for us to deliver … [Read more...] about Avison Young enters Vietnam’s real estate market

The US-Vietnam trade rocketed 309-fold since 1995 to US$139 billion in 2022 and the US has been the largest destination for Vietnamese exports in recent years. One of the key tenets of the recently established Comprehensive Strategic Partnership between Vietnam and the US is to promote economic cooperation through trade and investment. Vietnamese Prime Minister Pham Minh Chinh rings the opening bell for Friday trading session at Nasdaq's MarketSite in New York City. Photos: Nhat Bac/VGP Vietnamese Prime Minister Pham Minh Chinh said during the visit to the Nasdaq Stock Market, the most active stock trading venue in the US by volume and the second on the list of stock exchanges by market capitalization of shares traded, behind the New York Stock Exchange (NYSE) . Vietnam has the necessary conditions and potential to move forward in this area, where the US has advantages, PM Chinh said at Nasdaq’s MarketSite in Times Square, New York City chaired by … [Read more...] about Economic ties: Implication of Vietnam-US Comprehensive Strategic Partnership

Labourers at a construction site on Charansanitwong Road in Bangkok. (Photo: bangkokpost.com) Bangkok (VNA) – Thailand’s Ministry of Labour has set a goal of sending 100,000 skilled workers overseas next year, Director-General of the Department of Employment Pairoj Chotikasatien said on September 21. That goal reflects the policy of the new Minister of Labour Phiphat Ratchakitprakarn who wants to ramp up efforts for Thais working abroad, Pairoj said. He added that the department plans to support Thai workers in seeking legal employment opportunities abroad, particularly existing markets with a growing demand for labour like Sweden, Finland, Israel, Japan, the Republic of Korea, and Taiwan (China). They also seek opportunities to expand to other countries. Pairoj said that Thailand plans to export mostly skilled Thai workforce to emerging markets that are interested in employing Thai labourers. For example, they eyes to send nurses and wellness workers to Saudi … [Read more...] about Thailand aims to send 100,000 skilled workers abroad

Investing in building a strong brand presence and enhancing digital marketing skills are essential investments that can propel businesses forward in the digital transformation era. Hanoi aims to further step up the adoption of e-commerce in farm produce consumption, targeting sustainable development of the local agricultural sector in the technological era, said Acting Director of the Hanoi Department of Industry and Trade Tran Thi Phuong Lan. Farm produce available on e-commerce platforms. Photo: Ha Phuong/The Hanoi Times "E-commerce platforms serve as a safe and efficient channel for product consumption and play a crucial role in developing brand identities," said Lan. … [Read more...] about Hanoi boosts e-commerce adoption in farm produce sales