Opportunity for Vietnam Business Community The Government’s efforts to build the start-up ecosystem have shaped a new space for start-ups. Even with Resolution 35/2016/NQ-CP on business support and development to 2020, also called the resolution on start-up in the broad sense, the solution system is encouraging entrepreneurs to restructure, change and reach global standards to avoid being left behind in the new flow of business and investment transformation of the world. Vietnam Business Forum interviewed Dr Vu Tien Loc, President of the Vietnam Chamber of Commerce and Industry (VCCI), on this issue. 2016 was the first year that the number of business start-ups exceeded 100,000. What do you think about this figure? This shows that business confidence is growing. According to statistics from the Ministry of Planning and Investment, Vietnam had a new record of 110,100 new companies in 2016, an increase of 16.2 per cent from 2015. A total of VND891,094 billion was registered … [Read more...] about Opportunity for Vietnam Business Community
What accountants do for small businesses
Supporting for SMEs Forum will be held in VN
A major conference which will tackle a number of critical issues for small businesses in the Asia Pacific region is to be organised in Vietnam from October 27-28 , 2006 by ACCA (The Association of Chartered Certified Accountants), the world's lagest and fasting growing professional international accountancy body. Co-organiser of the event are the two professional bodies - Vietnam Association of Accountants and Auditors - Ho Chi Minh (VAA-HCMC) and Vietnam Association of Certified Public Accountants (VACPA). The event entitled "Investing and Supporting in Asia small businesses in Asia Pacific SMEs (small and medium sized enterprises), takes place at the Sheraton Saigon in HCMC, Vietnam. The conference will feature keynote addresses from the Vietnamese Vice Minister of Finance, Vice President of the Vietnamese Chamber of Commerce and Industry and ACCA chief Executive Allen Blewitt, along with leading figures from small business, Government and academia. The day and a half long conference … [Read more...] about Supporting for SMEs Forum will be held in VN
Vietnam’s potential for e-commerce development
(VOVworld) - E-commerce is currently an inevitable trend of the global economy and Vietnam is not apart from this movement. Along with the Internet boom, Vietnamese companies have been interested in online trading and business expansion. Although the Aube studio of Nguyen Duy Linh, a young businessman, is located in a small alley in Hanoi, it's widely spread. Up to 70% of its customers have heard about it via the Internet, especially via social networks. Linh says "through Facebook, we can access a diversity of customers. If we hand out leaflets in the streets, the clients will only be those who are living in Hanoi. So far, up to 70% of our customers come from Hai Phong city, Bac Ninh, and Nam Dinh provinces." Through the Internet, Linh's customers are provided with information about the studio's services and products. Cao Thi Hanh, from Nam Dinh, 90km southeast of Hanoi, tells VOV how she has got to know Aube's services: "I joined Facebook just 3 or 4 months ago and, by chance, … [Read more...] about Vietnam’s potential for e-commerce development
Metalex Vietnam 2013 and Nepcon Vietnam 2013: Opportunities for Japanese businesses
(VEN) - Managing Director Isama Aono of the Yamazen Vietnam Co., Ltd., one of the Japanese businesses participating in the Metalex Vietnam 2013 and Nepcon Vietnam 2013 organized in October in Ho Chi Minh City talked about the company's activities and goals in an interview with Vietnam Economic News' reporter Long Phung. The Yamazen Vietnam Co., Ltd. specializes in providing equipment, components, parts and tools in the support industry in the Vietnamese market. Most of the company's products are from more than 3,000 production units in Japan. The company's customers are Japanese businesses operating in Vietnam, accounting for 90 percent of total number of customers. In 2012, the company's sales in Vietnam reached JPY1.8 billion and are expected to reach JPY2 billion in 2013. The company has a team of Vietnamese engineers and a main office in Ho Chi Minh City. What should Vietnam do to promote the development of the support industry? Vietnam needs time to develop the support … [Read more...] about Metalex Vietnam 2013 and Nepcon Vietnam 2013: Opportunities for Japanese businesses
Small may be the secret to supermarket success
The small Plentyday supermarket in Ho Chi Minh City's District 8 illustrates a new trend of mini supermarkets that offer convenient shopping to their local communities. Plentyday has an area of around 250 sq. m., 16 employees and stocks about 10,000 items, such as dry and frozen food, soft drinks, clothes and footwear. Customers at Plentyday Supermarket in Ho Chi Minh City's District 8. … [Read more...] about Small may be the secret to supermarket success