Vietnam business forum

The two-day event featured over 40 Vietnamese and Korean producers. — Photo courtesy of KOCCA Vietnam The Korea Creative Content Agency Vietnam Office (KOCCA Vietnam) has launched an online business matching forum to help South Korean content producers enter Viet Nam and deliver their products in the country more effectively. The two-day event, which ended on Thursday, saw the participation of over 40 Vietnamese and Korean producers in the fields of television, fictional characters, AR/VR, games and cartoons. Kim Tae Hyeong, CEO of Korean T2N Media, described the event as a good opportunity for his company to meet with Vietnamese businesses in over-the-top media services and enhance its understanding of the Vietnamese market. Director of KOCCA Vietnam Hong Jeong Yong said his agency would help Korean content companies access Viet Nam after the COVID-19 pandemic by ensuring its network with domestic enterprises, connecting content producers from the two countries in the … [Read more...] about KOCCA Vietnam hosts online business matching forum

He made the statement when delivering an opening remark at the Vietnam – U.K. Business Forum held by the Ministry of Industry and Trade and the Ministry of Agriculture and Rural Development in collaboration of the U.K. Department of International Trade (DIT) in London on May 25. The forum discussed prospects for trade and investment between the two countries’ enterprises in agriculture, education, renewable energy and others. It also provided a platform for Vietnam to introduce its market potential to British investors and for firms from both sides to share information and seek partnerships to make the most of the U.K.-Vietnam Free Trade Agreement (UKVTFA). The U.K. remains a major and trusted partner of Vietnam and its agriculture industry, Tien said, noting that agricultural cooperation between the two nations has made significant progress over recent years. He expected British companies will form close and trusted joint ventures and partnerships with Vietnamese agribusinesses … [Read more...] about Vietnam, U.K. strive to lift trade and investment relations

Vietnam gained an overall score of 4.1 out of seven points, rising by 4.7 percent to leap from the 60 th place in 2019 to the 52 nd place out of 117 economies in the 2021 index, which was released recently by the World Economic Forum. The index measures the factors and policies that enable sustainable and resilient development of tourism from business, safety and health conditions, to infrastructure and natural resources, among others. The WEF report ascribed Vietnam’s improved ranking to its achievements in Covid-19 pandemic prevention, flexible adaptation as well as continuous efforts to develop safe tourism. Vietnam also performed well in price competitiveness, safety and security, air transport and port infrastructure as well as natural resources, it added. Japan tops the ranking, followed by the US, Spain, France, and Germany./. VNA … [Read more...] about Vietnam climbs 8 places in global tourism development index

Jointly organized by the Japan International Cooperation Agency (JICA) and the Accounting and Auditing Supervisory Department (AASD) under the Ministry of Finance, the event gathered over 600 delegates from agencies, units, listed businesses, auditing companies and universities. The second event of its kind is within the framework of the technical cooperation project between AASD and JICA  on “strengthening the capacity of the AASD to promote the application of financial reporting standards in Vietnam” funded by the Japanese government. The forum is expected to help agencies of the Government, private sectors and training institutions in Vietnam understand the differences between Vietnamese accounting standards (VAS) and IFRS; as well as promote the exchange of views on the road-map for applying IFRS. Kobayashi Masaya, a representative of JICA  in Vietnam, expressed hope that the policy discussions will be promoted to find the best approach for the application of IFRS in … [Read more...] about Forum promotes application of int’l financial reporting standards in Vietnam

The pandemic has pushed forward the trends of e-commerce in Vietnam 2-3 years earlier than forecast with the sector growing in size four times over last year, according to a 2021 Lazada report. “Some of the e-commerce trends we expected would happen in 2025, such as in edutech and fintech, have already happened in 2022,” noted Nguyen Huy Hoang, chief business officer at OnPoint E-commerce. “Hence, all e-commerce platform companies are investing hugely in Vietnam.” However, as shopping centres and small brick-and-mortar stores are now reopened, many investors are concerned that the boom in e-commerce was just a short-term fad and the majority of consumers could quickly shift back to offline shopping. On May 12 at the Vietnam Online Business Forum, the general consensus amongst experts was that e-commerce will continue to boost the economy after the pandemic. Specifically, in the first quarter of 2022, the industry saw more than 8 million new online consumers. A survey … [Read more...] about All to play for in e-commerce rise

Indonesian Investment Minister Bahlil Lahadalia (right) and Swiss Federal Councillor Guy Parmelin at the signing ceremony of the Investment Promotion and Protection Agreement between the two countries. (Photo: VNA) Jakarta (VNA) – After conducting seven rounds of negotiations which began in 2018, Indonesia and Switzerland have signed an Investment Promotion and Protection Agreement (P4M) to boost trade and investment between the two countries. The signing took place on the sidelines of the World Economic Forum (WEF) 2022 underway in Davos, Switzerland . The scope of the P4M includes guarantees on several issues, including non-discriminatory treatment, freedom to transfer or repatriate and options to solve disputes through international arbitration. Indonesian Investment Minister Bahlil Lahadalia said the agreement was made to boost investments in both countries by providing legal protection and business certainty for Indonesian and Swiss investors. He also said he … [Read more...] about Indonesia, Switzerland sign bilateral investment agreement

Bắc Giang estimates lychee output at about 180,000 tonnes this year, harvesting from May 20 until July 20. — VNA/VNS Photo HÀ NỘI — Enterprises expect the export of lychees this year to increase by about 30 per cent this year. As an enterprise specialising in exporting vegetables and fruit to fastidious markets such as Japan and the EU, Ameii Vietnam Joint Stock Company (Ameii Vietnam) has strengthened control of exports and is seeking new customers. Now, the company is negotiating with customers and is expected to increase lychee exports by about 30 per cent compared to last year, said Ameii Vietnam general director Ngô Thị Thu Hồng. Notably, this year's lychee exports to fastidious markets such as Japan and the EU are expected to grow. Hồng said Ameii Vietnam was working with more than 20 Japanese partners and more than 10 EU partners to export this fruit. The company has mainly exported fresh lychees every year. However, this year, besides fresh lychees, it has used … [Read more...] about Enterprises expect strong growth in lychee exports

Containers at Tân Cảng – Cát Lái Terminal. Products joining the world logistics passport would be given quicker customs clearance and priority handling. — VNA/VNS Photo Quang Châu HÀ NỘI — Joining the world logistics passport (WLP) initiative could help enterprises reduce logistics costs and increase competitiveness for exports. Nguyễn Minh Phương from the Ministry of Industry and Trade's Asia – Africa Market Department said the logistics industry of Việt Nam was developing along with the country’s increase in imports and exports. Phương said that Việt Nam had an advantageous geographical position to develop a logistics centre in Southeast Asia with an improved system of warehouses, seaports and highways, adding that the development of the logistics industry would also create favourable conditions for Việt Nam to become a new production centre of the region. According to Avery Shipton from the WLP initiative forum, products granted passports by the UAE would be given priority … [Read more...] about Joining world logistics passport to facilitate trade