The Hanoitimes - Industry 4.0 will require Vietnam lots of efforts to tap its potential and Australian educational institutions get ready to make the goals attainable. Australia minister visits Vietnam for tighter economic, cultural ties Australia supports Vietnam in innovation Australia, with a strong education ties knotted with Vietnam over the past decades, has been active in supporting the preparations for the country’s high quality manpower in the Fourth Industry Revolution. Swinburne University of Technology and FPT University reach an agreement. Photo: FPT In recent years, the matured and diverse Vietnam-Australia relations, typically with the bilateral relationship elevated to a Strategic Partnership, has encompassed cooperation on a wide range of issues, including education. Accordingly, Australia has intensified its support to Vietnam through a specific Memorandum of Understanding (MoU) on vocational education and training as well as a … [Read more...] about How Australia prepares manpower for Vietnam in Industry 4.0?
Vietnam key industries
Vietnam support industries striving to improve
A factory in the Chu Lai-Truong Hai Industrial Complex – a support industry zone that is expected to increase the localisation rate of the Vietnamese auto industry.-VNA/VNS Photo Danh Lam However, in order to realise this goal, in addition to their own efforts, businesses also need the support of the State. In the draft plan for sustainable development of Vietnamese private enterprises, the Ministry of Planning and Investment (MPI) aims to raise the rate of enterprises participating in regional and global production networks and value chains, equal to the leading countries in ASEAN 4 by 2030. In fact, it is not easy to achieve this target. Statistics from the MPI show that Vietnam has only 21 per cent of small- and medium-sized enterprises (SMEs) participating in global value chains, while this figure in Thailand is over 30 per cent and Malaysia is 46 per cent. Therefore, in order to improve rankings in ASEAN, it is certain that Vietnamese enterprises must “go … [Read more...] about Vietnam support industries striving to improve
Japanese firms consider Vietnam key investment destination
JETRO Chief Representative in Vietnam Takimoto Koji (Source: sggp.org.vn) Hanoi (VNA) – About 70 percent of Japanese investors in Vietnam want to continue investing or expand their investments, meaning Vietnam is an important destination for them, according to a representative of the Japan External Trade Organisation (JETRO). JETRO Chief Representative in Ho Chi Minh City Takimoto Koji shared the figure in an interview with Cong Thuong (Industry and Trade) newspaper. In 2017, Japan was the biggest foreign direct investor of Vietnam, posting a record figure of 9.11 billion USD. In the first 11 months of 2018, the country kept its top spot with nearly 8 billion USD, more than a quarter of the total foreign capital poured into Vietnam during the period. According to Takimoto, 65.1 percent of the Japanese businesses in Vietnam are profitable. He said Japanese goods have an increasing presence in the Vietnamese market, with Japanese firms’ foreign expansion receiving … [Read more...] about Japanese firms consider Vietnam key investment destination
Vietnam’s industrial property to boom amid projected rising FDI inflows
The Hanoitimes - Property services company Savills Vietnam believes that growing foreign direct investment and moving up in the value chain mean Vietnam’s industrial real estate sector has a bright future. New free trade deals and the transformative shift of the manufacturing base from China to Vietnam will create an investment wave in the South East Asian country’s industrial property sector, experts forecast. Vietnam’s industrial property market is still in a nascent stage of development Vietnam’s competitiveness is driven by low labor costs, affordable land, favorable corporate income tax rates, a dynamic workforce, and a geographical location near source and destination markets. According to Ngo Anh Tuan from the National Economics University, after FTAs such as the EU-Vietnam Free Trade Agreement and the Trans-Pacific are signed and put into effect, Vietnam will be the destination of large foreign firms to take the country’s advantages … [Read more...] about Vietnam’s industrial property to boom amid projected rising FDI inflows
Can Tho city strives hard to make tourism key industry
Cai Rang floating market in Can Tho city (Photo: VNA) Can Tho (VNA) – Can Tho has exerted great efforts to reach its goal of making tourism a spearhead industry for the Mekong Delta city. According to Director of the municipal Department of Culture, Sports, and Tourism Tran Viet Phuong, Can Tho has posted a growth rate of 20 percent in tourist arrivals and 28 percent in tourism revenue each year over the last three consecutive years. The city is expected to welcome around 8 million visitors this year, up 70.2 percent from 4.7 million from 2015. Revenue from tourism is estimated to reach 3.5 trillion VND (151 million USD). The city has diversified its tours, tourism products, and services, as well as improved its infrastructure for the industry. The city had an additional 26 hotels this year compared to 2016, including eight rated from four- to five-stars. A variety of national and international cultural events and festivals have been organised in the city, attracting large … [Read more...] about Can Tho city strives hard to make tourism key industry