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As 2020 is coming to end, how do you evaluate the development of businesses that received recognition during the Vietnam Value Programme? Vu Ba Phu, director general of the Trade Promotion Agency under the Ministry of Industry and Trade After 17 years of running the programme with seven times choosing national brands, we have witnessed the continuous growth of many domestic enterprises. At the first selection in 2008, we saw only 30 chosen companies with their products. By 2018, this number had grown to 97, and this year we have recorded 124 enterprises and their brands. However, the growth of the business community has not only happened in the number of participating businesses, but also export turnover, sales, and their contribution to the state budget, as well as their efforts in social responsibility and job creation. For example, firms recognised as national brands in 2018 reached a revenue of about VND907 trillion ($39.4 billion), with their export turnover … [Read more...] about Initiative’s success helped by quick response to pandemic

Much of Vietnam Airlines’ fleet has been grounded due to the pandemic According to Le Hong Ha, deputy general director of Vietnam Airlines, the carrier has been fully aware of its responsibility to preserve and develop its products and services to both maintain the economic vein of the country and promote its golden lotus logo to bolster Vietnamese aviation and promote the nation’s culture and tourism across the world. As a bridge between regions and the world, Vietnam Airlines is committed to maximising its potentials to support domestic businesses in delivering their products to not only customers all over the country but also to numerous international friends. In 2020, Vietnam Airlines has been reaffirming its position as the top-quality airline of the nation and continuously maintained its 4-star services according to international standards. At the emergence of the pandemic, the carrier immediately applied distinct solutions to ensure safety for passengers, such as … [Read more...] about Flexibility necessary for airlines to prosper

" I want each product of VGreen to be a bold mark to honour my country’s flavourful and fruitful agriculture and farming as well as showcase the richness and beauty of Vietnamese nature." As a fan of natural friendly and healthy lifestyle and cuisine, Tran Thanh Viet found her love for healthy beverages thanks to a trip to a French wine farm and exploring the impacts of wine on the health and beauty of women. The passion and desire for creating healthy beverages from fully planted-in-Vietnam natural ingredients urged Viet to turn her dream and mission into reality, and so VGreen was born. “It sounds abstract, but the mission of a woman is very simple. Firstly, I can do the work I love and make me confident and proud of. When we women feel confident and happy, we will become more and more beautiful, and even younger than our own age. With what I have done in my mission with VGreen since 2006, I feel happier and younger with the natural non-alcohol products my team creates for our … [Read more...] about Tran Thanh Viet – Queen of a natural beverage

Market Focus Vietnam webinar Le Linh Lan, Ambassador of Vietnam to Switzerland and Liechtenstein, said at a Market Focus Vietnam webinar last week that Swiss investors with comparative advantages and strengths in tech, innovation, capital, and expertise in finance, pharmaceuticals, and food manufacturing will look more to Vietnam as a safe and attractive destination for doing business in a post-pandemic world. “In addition, there is still potential in areas of trade and investment given the complementary nature of the two economies,” Lan added. Switzerland, as a member of the European Free Trade Area, has been in negotiation with Vietnam for a far-reaching free trade agreement (FTA) since 2012. “Negotiations between Vietnam and the European Free Trade Association (EFTA) have completed their 16th round,” Lan said. “We are hopeful about the possibility of the conclusion of the trade deal especially this year, when we celebrate the 50th anniversary of the establishment of … [Read more...] about Swiss investors perk up at prospects

Small investors oppose expanding trading lot Ho Chi Minh City Stock Exchange (HOSE)’s proposal to raise the minimum trading lot to 1,000 shares is receiving mixed opinions from market experts and investors. The proposal was initiated by newly-appointed General Director of HOSE Le Hai Tra as a solution to reduce system overloads which have troubled traders recently. A 1,000 minimum trading lot will limit the participation of small investors, while the stock market is moving towards fairness and equality, said a budding investor. “My friends and I, when joining the stock market, only have a few tens to several hundreds of millions of dong, raising the minimum trading lot to 1,000 shares will directly affect our investment capacity,” said individual investor Diep. “With expensive stocks, we may have to spend hundreds of millions of dong to buy the minimum 1,000 shares,” she said. According to Diep, the stock market has never had such a chance for growth. New cash flow into … [Read more...] about VIETNAM BUSINESS NEWS MARCH 8