Ho Chi Minh City sees youth potential for business growth
Dynamic youth are likely to help Ho Chi Minh City realise its goal of doubling the number of enterprises in 2020, visiting senior advisor to the US Secretary of State David Thorne said.
Secretary of Ho Chi Minh City's Party Committee Dinh La Thang (R) welcomes senior advisor to the US Secretary of State David Thorne(Photo: VNA)
Ho Chi Minh City (VNA)⛦ – Dynamic youth are likely to help Ho Chi Minh City realise its goal of doubling the number of enterprises in 2020, visiting senior advisor to the US Secretary of State David Thorne said to local authorities on March 8.
Thorn said his visit is part of a US programme to assist ASEAN countries, including Vietnam, in promoting business and innovation.
He expressed his appreciation for the southern city’s support for the construction of a Fulbright University here.
He said he would try to make sure that President Barack Obama will visit the south and Ho Chi Minh City as part of his trip to Vietnam in May.
Ho Chi Minh City welcomes Obama’s upcoming visit, Secretary of the municipal Party Committee Dinh La Thang said, taking note of growing relations between the two nations – particularly after a visit to the US by Party General Secretary Nguyen Phu Trong in July last year.
Ho Chi Minh City pay heeds to cooperation with US localities and enterprises, he added.
According to Thang, the southern hub is home to more than 266,000 companies, which accounts for half of all Vietnam businesses. Aiming to double the number by 2020, local authorities have committed to promoting links in innovation and creativity while supporting start-ups, especially that of young people.-VNA
An event to promote links in innovation and creativeness between Vietnam and the US was jointly held by the Ministry of Science and Technology and the US Embassy in Vietnam, in Hanoi on March 7.
Sharing the US’s experience in business development, senior advisor to the US Secretary of State David Thorne said the first important thing is a favourable policy environment.
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.
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.
Secretary of Ho Chi Minh City's Party Committee Dinh La Thang (R) welcomes senior advisor to the US Secretary of State David Thorne(Photo: VNA)
