A ceremony honouring outstanding young entrepreneurs in 2018 (Source: VNA) HCM City (VNA) – Vietnam maintains its top position in terms of entrepreneurship in the recently-released Amway Global Entrepreneurship Report 2018 (AGER 2018), followed by India, China, Malaysia and South Africa. The highlight of the AGER 2018 results revealed that the risk of failing and the prospect of raising money are key obstacles for potential entrepreneurs. Of the nearly 49,000 people in 44 nations surveyed, only 47 percent were willing to take the risk of failing when it comes to starting a business, and just 38 percent reported that they knew how to raise money for a business idea. However, the figures are 88 percent and 78 percent in Vietnam. In addition, up to 89 percent of Vietnamese respondents believe that they can develop business ideas, while the world’s average is 52 percent. For eight years, Amway has conducted global research on entrepreneurship, examining perceptions and … [Read more...] about Vietnam continues topping world in entrepreneurship: Amway report
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VietNamNet Bridge - British billionaire Richard Branson, founder Virgin Group, universal symbol of entrepreneurship, was in Ho Chi Minh City on September 12-13 to deliver a keynote speech at a workshop and share his philosophy towards living life creatively. Richard Branson at the workshop in HCMC on Sept. 13. Born on July 19, 1950, Richard Branson is an English investor, billionaire and businessman. World renowned as the owner of the Virgin Group that has more than 400 companies, Branson is most famous for his adventurous lifestyle. With a net worth of about US$4.9 billion, he has been listed by Forbes as the seventh richest citizen in the UK. "Screw It, Let’s Do It" is the title of an amazing book about his personal experience and tells the story of how he dealt with life’s adversities. On this occasion, the British billionaire shared his thought on the responsibility of enterprises, entrepreneurs in environmental protection. Below is the extract: When I was a … [Read more...] about What is success in the corporate world?
Vietnam promotes trade, tourism in ChileVietnamese Chargé d'affaires a.i. in Chile Nguyen Minh Anh introduced the potential for cooperation between Vietnam and Chile in trade and tourism at a seminar in Chile on January 19.Anh highlighted the remarkable growth in bilateral trade exchange recently, with value reaching 1.28 billion USD. He noted that Vietnam is the 10th biggest foreign trade partner and the second largest Southeast Asian market of Chile.The diplomat underlined the trend among young Chilean entrepreneurs to seek investment opportunities in Southeast Asia, including Vietnam.A representative of the Chilean Ministry of Foreign Affairs said the Vietnam – Chile free trade agreement, effective in 2014, has made significant contributions to increasing trade exchanges between the two nations.Vietnam can serve as a gateway for Chilean products to enter ASEAN markets, while Chile as a bridge connecting Vietnam and Latin America.The seminar, jointly hosted by the Embassy … [Read more...] about BUSINESS IN BRIEF 23/1
Masan to triple fish sauce production on Phu Quoc Listed firm Masan Consumer Corp (MSC) under Masan Consumer Holdings has said it will invest heavily in expanding its fish sauce making facility on Phu Quoc Island off mainland Kien Giang Province to treble its capacity in the years to come. MSC did not clarify how much investment would go to the expansion plan but said the plant currently has five workshops with 488 fish vats that can ferment and process a combined 10,000 tons of fish. Between 15,000 and 25,000 liters of fish sauce is extracted from the vats a day, MSC told reporters who took part in a field trip to Masan Phu Quoc sauce plant last week on the occasion of the ninth anniversary of the plant. Masan can produce only 15% of the highest grade of fish sauce it needs and collects the remainder from other fish sauce production plants nationwide, including Phu Quoc, Phan Thiet and Nha Trang. Nguyen Hoang Yen, deputy general director of MSC, said the company applies strict … [Read more...] about BUSINESS IN BRIEF 24/7
Vinmec injects in public health care Vingroup, a leading domestic real estate developer, last week inaugurated the country's largest private international hospital in Hanoi, built in a record 10 months while other private-invested ones remain delayed. Vingroup, a leading domestic real estate developer, last week received the congratulatory flowers from Prime Minister Nguyen Tan Dung as the firm inaugurated the country's largest private hospital in Hanoi. Vinmec International General Hospital has been built in a record 10 months while other private-invested ones remain delayed. The $100 million Vinmec International General Hospital will ease pressure on the overloaded health system and offer high-quality healthcare services for locals and foreigners. Vinmec is located on a 2.5 hectare campus nearby Vingroup's Times City Urban Complex, comprising two basements, seven ground floors with 600 patient beds. It is six-fold bigger than the French Hospital of Hanoi. The hospital has … [Read more...] about BUSINESS IN BRIEF 10/1