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SpaceX, Netflix and Boeing are among the companies joining the "biggest-ever" U.S. business mission to Vietnam next week to discuss investment and sales opportunities in the booming Southeast Asian nation, the organizer said. More than 50 companies, including defence, pharmaceutical and tech firms, will participate in the mission organized by the US-ASEAN Business Council, an industry body, according to a list seen by Reuters. The delegation is a sign of rising interest in the global manufacturing hub, which is benefiting from a shift away from China amid Sino-U.S. trade friction. Vietnam, with a population of 100 million people, also has a rapidly-growing consumer market as its middle class expands. "This is the biggest-ever mission in Vietnam," said Vu Tu Thanh, the US-ASEAN Business Council's representative in the country, noting that the body had been organising these events for three decades. Streaming giant Netflix, which Reuters last month reported was planning to … [Read more...] about SpaceX, Netflix, Boeing to join ‘biggest-ever’ US business mission to Vietnam

Illustrative image. (Photo: VNA) Washington (VNA) – Representatives of more than 50 US companies will visit Vietnam from March 21-22 to disc us s investment and business opportunities under an annual programme hosted by the US-ASEAN Business Council . Vu Tu Thanh, the council’s representative in Vietnam, said the body has organised these events for three decades, adding that this is the biggest ever mission in the country. Streaming giant Netflix , planning to open an office in Vietnam, and many other companies that already have business or production facilities in Vietnam such as Apple, Coca-Cola and PepsiCo as well as those intending to expand their operations in the Southeast Asian nation are among the participants. According to Thanh, some companies are interested in Vietnam as a manufacturing hub and provider of services, with its economic growth topping 8% last year. Among them is SpaceX which is looking to sell its satellite internet services to … [Read more...] about US businesses exploring investment, business opportunities in Vietnam

Vu Tu Thanh, the council’s representative in Vietnam, said the body has organized these events for three decades, adding that this is the biggest ever mission in the country. Streaming giant Netflix, planning to open an office in Vietnam, and many other companies that already have business or production facilities in Vietnam such as Apple, Coca-Cola and PepsiCo as well as those intending to expand their operations in the Southeast Asian nation are among the participants. According to Thanh, some companies are interested in Vietnam as a manufacturing hub and provider of services, with its economic growth topping 8% last year. Among them is SpaceX which is looking to sell its satellite internet services to Vietnam and other countries in the region. The mission will also include semiconductors companies, pharmaceutical giants Pfizer and Johnson & Johnson, medical device maker Abbott, financial firms Visa and Citibank, internet and cloud companies Meta and Amazon Web Services, … [Read more...] about U.S. businesses exploring investment, business opportunities in Vietnam

Nguyen Manh Hung, Minister of Information and Communications, said that 2023 is a year for practical implementation of national strategies. These include separate plans on cybersecurity and safety; digital data; digital infrastructure; the digital tech industry; and digital government, economy, and society. VIR to host the 2 nd Digital Transformation forum on March 21 ”This is the time to create practical results and values. The ministry (MIC) must stand out to ensure the quality of the data connection, and ensure the quality of inter-ministerial and inter-local public services,” he said. “Currently, a number of public services when connected with IT systems of other ministries or localities have degraded quality or cannot perform.” The MIC will amend a number of laws and decrees to make new regulations more feasible to better development and management, while using advanced technologies to solve traditional problems in Vietnam while creating great value, Minister … [Read more...] about Strengthening ties to enable a greener digital transition

Prime Minister Pham Minh Chinh welcomed a delegation of the US-ASEAN Business Council. — VNA/VNS Photo Representatives of more than 50 US companies will visit Viet Nam from March 21-22 to discuss investment and business opportunities under an annual programme hosted by the US-ASEAN Business Council. Vu Tu Thanh, the council’s representative in Viet Nam, said the body has organised these events for three decades, adding that this is the biggest ever mission in the country. Streaming giant Netflix, planning to open an office in Viet Nam, and many other companies that already have business or production facilities in Viet Nam such as Apple, Coca-Cola and PepsiCo as well as those intending to expand their operations in the Southeast Asian nation are among the participants. According to Thanh, some companies are interested in Viet Nam as a manufacturing hub and provider of services, with its economic growth topping 8 per cent last year. Among them is SpaceX which is looking to … [Read more...] about US businesses exploring investment, business opportunities in Viet Nam

A mission, including 52 businesses from the U.S., is scheduled to visit Vietnam this week to learn about the local market and seek business and investment opportunities. This is the largest-ever U.S. business mission to Vietnam. Ted Osius, president and CEO of the U.S.-ASEAN Business Council (USABC), told Tuoi Tre (Youth) newspaper on Monday that these U.S. firms will meet with the Vietnamese prime minister, National Assembly chairman, and ministers. Amazon is among the U.S. enterprises coming to Vietnam this week. Photo: Reuters Learning about Vietnam’s digital, green transformation potential According to Osius, USABC members stressed at a meeting with Vietnamese Prime Minister Pham Minh Chinh during his visit to the U.S. on the occasion of the ASEAN-U.S. Special Summit in May 2022 that they considered Vietnam a strategic market in the region and were committed to making investments in Vietnam and cooperating with Vietnamese partners for a long term. … [Read more...] about Biggest-ever US business delegation comes to Vietnam to seek investment opportunities

An electronic visa, single entry, is currently being granted to citizens from 80 countries via Vietnam’s National Web Portal on Immigration. The amended law, penned by the Ministry of Public Security, also seeks to extend the visa-free duration of stay to 30 days (from the current 15 days) for citizens from countries that Vietnam has unilaterally waived visa requirements. The current countries on the list where 15-day visa-free stays are applicable are mostly in Europe – Belarus, Germany, Denmark, Norway, Russia, France, Finland, Spain, Sweden, Italy, and the United Kingdom – along with the Republic of Korea and Japan. Tourist visa validity continues to be kept at three months. The Public Security Ministry noted that the government will decide on the list of countries and territories whose citizens are granted e-visas and the list of international border gates that allow foreigners to enter and exit with e-visas, taking into consideration that these activities would not … [Read more...] about Ministry proposes extending visa-free stay to 30 days, e-visa to 90 days

The Vietnamese Ministry of Information and Communications, at a working session on Wednesday with the U.S.-ASEAN Business Council (USABC) and representatives from many U.S. enterprises, called on U.S enterprises to support Vietnamese enterprises, especially SMEs, in digital transformation. Following a working session with Vietnamese Prime Minister Pham Minh Chinh, the USABC and U.S. enterprises, who are in Vietnam to seek cooperation, investment, and business opportunities, held a meeting with the Vietnamese Ministry of Information and Communications. A view of the working session between Vietnamese Prime Minister Pham Minh Chinh and the U.S.-ASEAN Business Council. Photo: Duong Giang / Tuoi Tre USABC President and CEO Ted Osius took time from the meeting to share his appreciation for the potential of Vietnam’s digital economy. According to Osius, U.S. enterprises are paying attention to the Southeast Asian country’s policies aimed at boosting the digital economy, … [Read more...] about Vietnam calls for U.S. support in digital transformation

Multinational cybersecurity company Fortinet has announced several enhancements to its single-vendor solution FortiSASE, enabling additional deployment flexibility and new secure access capabilities for digital resources across private applications, software as a service (SaaS), and the internet. More than half of the respondents to a recent Fortinet work-from-anywhere survey support hybrid workforces, meaning most CEOs are tasked with the challenge of securing users as they contribute from home, the office or elsewhere. Comprehensive security for all users is near impossible when using solutions that are in the cloud or not integrated on-premises. The larger and more distributed the network, the more pervasive these issues can be. Providing consistent security to a global hybrid workforce working from multiple locations requires a single-vendor approach. John Maddison, executive vice president of Products and CMO at Fortinet said, “In today's work-from-anywhere world where users … [Read more...] about Fortinet adds new capabilities to support work-from-anywhere

Rafael Frankel, director of Public Policy for Southeast Asia and South Asia at Meta Group, the owner of Facebook, in an interview with Tuoi Tre (Youth) newspaper on Wednesday, highly evaluated the Vietnamese market and stressed the group’s long-term presence in Vietnam. “Meta’s commitment to the Vietnamese market is long-term. Over the past five years, our investment in Vietnam has increased gradually,” Frankel said. Meta wants to not only expand but also deepen the relations with partners, including governmental agencies, small, medium and micro enterprises, as well as Vietnamese consumers. The group also wanted to learn more about the environment and policies in Vietnam for the digital economy development and digital transformation. For Meta, Vietnam is not just a market with a population of 100 million people but also a market with a strong connectivity and young and creative residents. Meta has taken the initiative in cooperating with the Vietnamese Ministry of … [Read more...] about Meta wants long-term operation in Vietnam: executive