A forum discussing how to optimise supply chains and competitiveness for enterprises in Vietnam takes place in Hanoi on August 21. (Photo: VNA)
Hanoi (VNA) – A forum discussing how tooptimise supply chains and competitiveness for enterprises in Vietnam tookplace in Hanoi on August 21.
The event was held by the Institute for Brand andCompetitiveness Strategy (BCSI) in partnership with Portland State Universityfrom the United States.
Speaking at the forum, President of the BCSI CouncilNguyen Van Nam said the concept of global supply chains is not new to Vietnamesecompanies. Since Vietnam’s shift from a centrally planned to market economythree decades ago, the country has set up trade relations with more than 180countries and drawn investment from over 100 countries.
However, most firms only participate in the secondarysupply chain, so the products they make don’t have high added value, he said.
About 21 percent of small- and medium-sized enterprisesin Vietnam joined the global supply chain while the percentages in Thailand andMalaysia are 30 percent and 46 percent, respectively. Thus, Vietnameseenterprises are less likely to benefit from the spillover effects of FDI firmsthrough the technology transfer, know-how and management skills, he added.
Jay Fortenberry, Lecturer at Portland State Universityand Chairman of the Fortenberry Group, said to optimise supply chains andimprove competitiveness, Vietnamese businesses must better manage supply chaincosts and customer demand.
It’s crucial that enterprises are in control of theircustomer services, the internationally-recognised leader in supply chainmanagement noted.
Daniel Wong, Lecturer at Portland State University, saidVietnamese firms are pioneers in leveraging the industrial revolution 4.0. Theyhave been applying advanced technology and IT solutions, and that means theyare on the right track, he noted.
Besides these strengths, Vietnamese entrepreneurs stillhave many “gaps”, especially in terms of knowledge, as they lack specialists intheir businesses. They should enhance management skills to better manage theircompany, Wong added.
Wong used to serve as Vice President of Logistics andSupply Chain Management at North Pacific and Director of Supply Chain processimprovement at Longview Fibre Company in Longview, Washington, the US. –VNA
A memorandum of understanding has been signed between Business Association of High Quality Vietnamese Products and Netherlands-based GMP+ International and Business Support and Application Services Limited Company.
General Director of Samsung Vietnam Shim Won-hwan pledged to continue supporting Vietnamese firms to take part in the Korean group’s global supply chain while meeting Chairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong on November 30.
Vietnam needs to develop a supply chain for clean and safe farm produce, an important step to increase sales, prevent price slumps and promote safe agricultural production, experts say.
Vietnam’s electronics enterprises should enhance linkages and increase productivity if they want to grow sustainably and integrate more deeply into the global supply chain, experts said.
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.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
A forum discussing how to optimise supply chains and competitiveness for enterprises in Vietnam takes place in Hanoi on August 21. (Photo: VNA)
