Ho Chi Minh City’s enterprises should speed up restructuring and build strong trademarks to meet tougher integration, said Vice Chairman of the municipal People’s Committee Nguyen Thi Hong at a October 10 ceremony to mark the Vietnam Entrepreneurs’ Day (October 13).
The recently-concluded Trans-Pacific Partnership (TPP) agreement will be a great chance and also a significant challenge for entrepreneurs as well as enterprises in Vietnam and the city in particular, she said.
Hong also asked local firms to pay more attention to the interest of the community and help needy people in the locality.
Ho Chi Minh City currently has 150,000 companies and about 250,000 individually-run business facilities.
Addressing the event, Director of the Vietnam Chamber of Commerce and Industry Vu Tien Loc said after 30 years of “doi moi” (renewal), Vietnamese enterprises have developed significantly in both number and quality.
Particularly, many trademarks owned by Ho Chi Minh City’s firms have been popular regionally and globally, and a contingent of young, dynamic and creative entrepreneurs are contributing significantly to the country’s growth.
Loc suggested that the Ho Chi Minh City Business Association to do more for local enterprises as the bridge for them and State agencies for timely removal of existing obstacles and those that may arise.
On the occasion, the municipal People’s Committee presented the title “Outstanding Ho Chi Minh City Business 2015” to 100 local firms with excellent performance in the 2009-2013 period.-VNA
Ho Chi Minh City plans to set up a special economic zone spread over the four districts of 7, BinhChanh, Nha Be, and Can Gio to develop its maritime economy and logistics industry.
In the context of fiercer competition, businesses, especially small-and medium-sized enterprises (SMEs), should build their own markets apart from selling what the market demands.
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 (Photo:VNA)
