On the occasion of Vietnam Entrepreneurs' Day (October 13), President of Vietnam Chamber of Commerce and Industry (VCCI) and Chair of the Central Council for Vietnamese Businesses Vũ Tiến Lộc spoke to the Vietnam News Agency about opportunities and challenges facing Vietnamese entrepreneurs in today's economy.
Việt Nam has many strong brands within the country, but they are not yet able to compete with others in the region, not to mention the global market.
Việt Nam has been very successful in the software outsourcing field over the past decade that many countries regard it as an Asian outsourcing hub.
Việt Nam’s fruit export value in 2018 reached nearly US$4 billion, with fruit sent to big markets like the US, Europe and Japan.
Việt Nam has had strong development in internet economy over past years, including growth of e-commerce in all fields of the socio-economy. The country needs solutions to develop further e-commerce in the future.
Việt Nam is seeking more private investment to finance infrastructure projects, but it also needs to generate higher returns on those investments. Naoyuki Yoshino, dean of the Asian Development Bank Institute (ADB Institute), spoke to Việt Nam News reporters Bồ Xuân Hiệp and Nguyễn Việt Dũng about ways to attract private funds for infrastructure development.
The plastics industry with more than 2,000 firms has grown strongly in recent decades, with exports and domestic sales increasing year after year.
The US-China trade war is escalating sharply. In the most recent move, the US imposed a 10 per cent tariff starting from Monday on US$200 billion of Chinese imports. These tariffs will then rise to 25 per cent on January 1. In retaliation, China has decided to impose taxes on about $60 billion worth imports from the US together with the publication of a white paper about US trade frictions. For Việt Nam, the trade war will bring opportunities and risks. Việt Nam News reporter Mai Linh talks with industry associations about possible impacts of a trade war between the world’s two largest economies on their industries.
The exchange rate between the Vietnamese đồng and the US dollar has kept on rising significantly in recent weeks, which has surprised both investors and analysts in Việt
The Law on Special Administrative-Economic Zones (SAEZs) will continue to be discussed at the fifth session of the 12th National Assembly. The law is expected to create a breakthrough to attract investment.
The Vietnamese economy’s bright prospects have created many opportunities for investors in the market. However, the economy is still heavily dependent on credit and the development of this market is still limited.
Vietnam News Agency talks to Vũ Bằng, member of the Prime Minister’s Economic Advisory Group, about how to make Việt Nam’s capital market become more attractive and what opportunities will be identified in 2018.
Việt Nam's woodworking industry has registered significant growth in recent years. The industry earned US$8 billion last year, up from $7.3 billion in 2016. Huỳnh Văn Hạnh, standing deputy chairman of the Handicraft and Wood Industry Association of HCM City, and Nguyễn Chánh Phương, director of Danh Mộc Co., Ltd, speaks to Việt Nam News about all this and more.
Despite important trade agreements and commercial commitments between Việt Nam and China, local enterprises are not reaping expected gains. Phạm Sỹ Thành, Director of the China Economic Research Programme at the Việt Nam Centre for Economics and Policy Research, explains the situation.
After 10 years, VN-Index reached historical milestone when reaching 800 points. Việt Nam News talks with Steven Mantle, offshore fund raising director under Vietfund Management (VFM) about the market as well as operation of its funds.
Over the last five years, Hải Phòng has developed a strategy to attract investment from corporations across ASEAN and build sustainable cooperative ties with them. Lê Trí Vũ, director of the Hải Phòng Investment, Trade, Tourism and Tourism Promotion Centre speaks to the Vietnam News Agency about the issues.
Phạm Đình Thi, director of the Ministry of Finance’s Tax Policy Department talks with a Vietnam News Agency reporter about the ministry’s proposal to increase the value added tax (VAT) from 10 per cent to 12 per cent.
Prime Minister Nguyễn Xuân Phúc has promulgated Decision 24/2017/QĐ-TTg to allow the Electricity of Việt Nam (EVN) to raise the average retail price of electricity by 3 per cent to less than 5 per cent without asking permission from the Ministry of Industry and Trade (MoIT). Nguyễn Anh Tuấn, director of the Electricity Regulatory Authority of Việt Nam (ERAV) told media about issues relating to the decision.
The Government will focus on technology-based agriculture to resolve problems like the lack of value-added products for export, the low competitiveness of Vietnamese farm produce in world markets and inconsistency in quality.
 Cusson Leung, Chief Investment Officer at KGI; James Chu, Chairman at KGI Securities Investment Advisory; James Wey, Head of International Wealth Management at KGI; Kenny Wen, Head of Investment Strategy at KGI)
