BEST Inc. - China's leading provider of logistics and smart supply chain solutions - inaugurated its courier service in Ho Chi Minh City on October 11.
Hanoi (VNA) - BEST Inc. - China's leading provider of logistics andsmart supply chain solutions - inaugurated its courier service in Ho Chi MinhCity on October 11.
The Chinese enterprise’s move marks a major step in penetrating the SoutheastAsian market, after its operation of courier service in Thailand in early 2019.
Johnny Chou, founder, chairman and CEO of BEST, said the firm’s operation inVietnam is a remarkable milestone for its global strategy.
Chouhoped that BEST’s technology solutions will contribute to the development of thelogistics sector and digital economy in Vietnam and Southeast Asia.
BEST’s logistics and supply chain services provide a high-quality option formerchants and consumers in Vietnam in the context that ASEAN is striving tobecome an increasingly important economic centre.
Withits plan to establish and operate a total of seven classification centres in theVietnamese market, the Chinese firm, in cooperation with BW Industrial, isbuilding a centre for classifying goods in HCM City.
Covering an area of 4.5 ha, the centre’s construction is scheduled to becompleted in April 2020, equipped with high-speed automatic classification linesand scanning systems of goods weight and dimension. It also offers a smart storage service./.
Center Power Tech Vietnam, a subsidiary of China’s Vision Group, on April 11 put into operation the third phase of its factory at Nhon Trach 2 Industrial Park in Dong nai province.
Representatives from the Ho Chi Minh City People’s Committee and Pacific Construction Group Company Limited (Pacific Group) of China met on June 27 in HCM City to discuss the possibility of cooperation in urban infrastructure development.
Chinese steel firm Mintal Group Co. Ltd has expressed a desire to build a 2 billion USD Ferocrom, stainless steel and non-ferrous metal factory in central Thanh Hoa province’s Nghi Son economic zone.
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.
Illustrative image (Source: internet) 
