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Vietnam CEO Forum refreshes strategy approaches

The Vietnam CEO Forum 2014 ‘New Game – What Moves’ reinvigorated business strategies and outlined the opportunities and risks of global integration, bringing together chief executive officers, economists and policy-makers to brainstorm ideas.
The Vietnam CEO Forum 2014 ‘New Game – What Moves’ reinvigoratedbusiness strategies and outlined the opportunities and risks of globalintegration, bringing together chief executive officers, economists andpolicy-makers to brainstorm ideas.

Opened on September 24 inHo Chi Minh City, the one-day event looked at viable strategies forfinance, markets and human resources in great depth.

As theASEAN Economic Community (AEC) - a common platform for the region’sbusiness circles - will be established in late 2015, Vietnamese firmsare expected to enhance their operations in a bid to become morecompetitive.

Global changes bear opportunities and challenges,but what mattered was how to make the most out of each trend, Chairmanof the FPT Board of Directors Truong Gia Binh said.

Economistssaid the birth of the AEC would deal a “strategic blow” to domesticenterprises, forcing them to devise long-term and strategic businessplans.

Deputy Prime Minister Vu Duc Dam and economist Pham Chi Lan were amongst the key-note speakers.

The annual event was organised by the municipal Young Business PeopleAssociation, Saigon Entrepreneurs Club, 2030 Businessmen Club, LeadingBusiness Club and the Business Association of Vietnamese High-QualityGoods.-VNA

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A motorbike production line of Honda Vietnam — a Japanese company located in Phu Tho province. (Photo: VNA)

𓆉 Phu Tho emerges as FDI magnet following mergence

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.
Infraction levels will correspond to fines of 1-80 million VND, depending on the nature and number of invoicing violations. (Photo: vietnamfinance.vn)

ꦆ Maximum fine of 3,000 USD proposed for violating invoice regulations

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.
At the strategic partnership signing ceremony between Sun PhuQuoc Airways and Amadeus. (Photo: Sun Group)

൩ Sun PhuQuoc Airways enters strategic partnership with Amadeus to build a five-star aviation technology ecosystem

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.
A local resident makes a bank transfer using the Momo app. (Photo: VNA)

♔ Banks accelerate digitalisation, non-cash payments

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.
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