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Vietnam: Opportunities for local support industry firms

HANOI — A few years ago, Samsung, a world-leading electronics company, encouraged local Vietnamese firms to produce spare parts for its factories. However, the firm struggled to find Vietnamese suppliers capable of making simple components like screws, chargers and keyboards to adequate standards. This sparked concern about the country’s support industry being unable to meet Samsung’s […]

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Vietnam: Foreigners still keen on high-end real estate

The launch of high-end residential projects and M&A activities proves the high-end segment continues to attract major investment from foreign developers though the trend may be set to change. Mapletree Investments launched the second phase of its high-end residential project One Verandah on December 15, after the first phase launched on June 30 saw all […]

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Vietnam: Promoting digital economy in the context of Industry 4.0

HANOI — The digital age offers opportunities for the world economy, creating new business models, which helps boost global GDP. Dang Hoang Hai, director of the Vietnam eCommerce and Digital Economy Agency under the Ministry of Industry and Trade made the statement during a workshop in Hanoi on Friday. He said the digital economy could also help countries increase productivity, efficiency and transparency in […]

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Vietnam: CPI targeted at 3.3-3.9% this year: Deputy PM

HANOI — Ministries, sectors and localities was asked to control the consumer price index (CPI) in the range of 3.3 to 3.9 per cent this year. Deputy Prime Minister Vuong Dinh Hue, head of the National Steering Committee on Price Management, set the goal at the committee’s meeting on reviewing performance last year and planning tasks for this year held in Hanoi […]

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Vietnam urged to become a factory for the world

HANOI — Vietnam must become a factory for the world and foster a good investment environment for all economic sectors in order to develop production and boost growth. This statement was made by Prime Minister Nguyen Xuan Phuc at a meeting of the Ministry of Industry and Trade held in Hanoi on Thursday. PM Phuc said that after 30 years of […]

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