The Vietnamese Business Club in Myanmar (VBCM) makes its debut in Yangon on May 28.(Photo: VNA)
Hanoi (VNA) – The Vietnamese Business Club inMyanmar (VBCM) made its debut in Yangon on May 28.
The launching ceremony was attended by Vietnamese Ambassadorto Myanmar Luan Thuy Duong, Trade Councilor Vo Thi Ngoc Diep, andrepresentatives from nearly 30 Vietnamese enterprises in the country.
Addressing the event, Ambassador Duong said that the club isbeing established as Vietnam and Myanmar look to celebrate 44 years of their diplomaticties and the bilateral partnership has developed in various aspects towards acomprehensive cooperative partnership.
The diplomat said that the introduction of the club showsthe growth of the Vietnamese business community in Myanmar and the demand forconnection to make a single voice when issues arise with the local governmentand partners as well as businesses from other countries in Myanmar and agenciesat home.
She said that the club will help connect the Vietnamesebusinesses and community in Myanmar, representing and protecting the legitimateinterest of the firms, while contributing to boosting the economic, trade, andinvestment partnership between Vietnam and Myanmar.
She expressed her hope that the club will operateeffectively and soon be upgraded into the Vietnamese Business Association inMyanmar, which is legally recognised.
Addressing the event, Chairman of VBCM Executive Board DangHai Nha said that over the years, a number of Vietnamese firms have promotedtheir pioneering role and effectively supported their Vietnamese peers. However,they have yet to connect with each other.
Therefore, the formation of a social non-profit agency willhelp to strengthen coordination and enhance the competitiveness and businessefficiency of the firms, while preserving their rights.
VBCM is a voluntary social organisation of the Vietnamesebusinesses in Myanmar. It groups businesses, organisations, and individualsfrom all economic sectors operating in Myanmar. With the motto of “Connection,Cooperation, Success”, the organisation aims to enhance the prestige and imageof the Vietnamese business community in Myanmar, while promoting economic,trade, and investment partnerships between the two countries. –VNA
Viettel Global Investment JSC, a subsidiary of Viettel Military Industry and Telecoms Group, reported revenue of 4,428 billion VND (188.6 million USD) and profit of 1,342 billion (57.1 million USD) in the third quarter of 2018, increases of 5 and 8 percent year-on-year.
The Vietnam-Myanmar Joint Committee for Bilateral Cooperation held its ninth meeting in Hanoi on March 12, during which its members shared the view that the countries’ comprehensive cooperative partnership is becoming increasingly substantive.
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.
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&.
The Vietnamese Business Club in Myanmar (VBCM) makes its debut in Yangon on May 28.(Photo: VNA) 
