The formation of an ASEAN Economic Community by the end of this year caught interests from business executives participating in the Vietnam CEO Forum 2015, organised in Ho Chi Minh City on Sept 24.
The formation of an ASEAN Economic Community (AEC) by the end of this year caught interests from business executives participating in the Vietnam CEO Forum 2015, organised in Ho Chi Minh City on September 24.
This year’s CEO Forum updated businesses on integration opportunities and challenges and helped them learn experience from domestic and foreign firms during the process.
Participants agreed that Vietnamese businesses, small or big, all will encounter a lot of challenges and opportunities when participating in free trade markets.
They discussed and put forth strategies for businesses’ better integration, including “defend or attack”, “cooperate or confront”, and “lead or follow”.
Speaking at the event, Deputy Minister of Industry and Trade Tran Tuan Anh said that during the long integration process, Vietnam has posted strong developments, as evidenced by enterprises’ improved competitiveness and export growth.
However, the establishment of the AEC by the year-end will be coupled with more pressures on business and production capacity and market competitiveness for Vietnamese enterprises as it will encourage trade exchanges, and the free travel of goods, investments and labour among the 600-million-people-strong market.
As such, enterprises must change their mindset to be able to stand firm in the integration process, he suggested.
The annual event was co-organised by the Young Businesspeople Association of Ho Chi Minh City, the Leading Business Club, the 2030 Businessmen Club and the Business Association of Vietnamese High-quality Goods.-VNA
The southern metropolis Ho Chi Minh City is set to face intense competition over human resources once the integrated ASEAN Economic Community takes shape later this year, heard a seminar on August 25.
The domestic small- and medium-sized enterprises (SMEs) should define positions in the global supply chain to gain success in integrating into the world economy.
Besides the government's important role in creating a favorable, transparent business climate, local companies should be more active and creative in preparing for more intensive global integration.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Vietnam CEO Forum 2015 (Source: VNA)
