Business Times said the Vietnamese Government has recognised the potential and benefit of investing in technology and the country is currently leading in digital development in the region. (Photo: VNA)
Hanoi (VNA) – Vietnam continues to be a great example of successful transitionand development, according to Business Times of Singapore.
In its article published on July 1, Business Times said the Vietnamese Governmenthas recognised the potential and benefit of investing in technology and thecountry is currently leading in digital development in the region.
New high-tech parks have been established in many localities, such as Hanoi andHo Chi Minh City, while the benefits of teaching computer science at schoolsare beginning to bear fruit.
The article said many foreign technology firms intend to transfer theirproduction lines to Vietnam and make long-term investments when they see thepotential of high-tech personnel in the country.
Meanwhile, smaller-scale entrepreneurial investors should focus theirattentions on the increasing number of start-ups particularly in online servicesand fintech, where investors see the major potential for the Vietnamese economyto grow at speed.
InVietnam, more than a million people are added to the workforce annually, givingthem what some have termed a “golden population structure” - as a largeworkforce with competitive wages will boost production and consumption and actas a driver for growth, it noted.
Vietnam continues to be a great example of successful transition anddevelopment, where foreign investors are willing and ready to participate inthe economy, the article said.-VNA
Looking back the year 2016, both domestic and foreign businesspeople and experts stated Vietnam’s economy made positive progress partly thanks to its internal strength
The business community will define the future of the Vietnamese economy in the coming decades and serve as an important driving force to achieve prosperity, stated Prime Minister Nguyen Xuan Phuc.
Vietnam’s economy had a good start in 2018 with a 7.38 percent GDP growth in first quarter, but experts warn of challenges and risks ahead in the remaining of the year as well as following years.
Prime Minister Nguyen Xuan Phuc has delivered Vietnam’s strong message, aspiration, and determination to become a “country of renovation and creativity” and an economy with globally extensive connectivity when engaging in every activity of the World Economic Forum (WEF) 2019 in Davos, Switzerland.
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.
Vietnam is now positioning itself as a global manufacturing hub with a diversified export portfolio, improved product quality, and enhanced price competitiveness.
Business Times said the Vietnamese Government has recognised the potential and benefit of investing in technology and the country is currently leading in digital development in the region. (Photo: VNA) 
