New York (VNA) – A 40-strong business delegation from the US will launch an investment promotion programme in Vietnam from March 3-6, aiming to expand trade and investment cooperation in the Southeast Asian country, according to an official from the US-ASEAN Business Council (USABC). In a meeting with Vietnamese Ambassador to the US Ha Kim Ngoc on February 25, USABC Chairman Alex Feldman said the delegation will hold many activities to interact with officials from the Vietnamese Government, ministries and sectors, and work with local businesses and partners. It will also practically contribute to celebrating the 25th anniversary of Vietnam-US diplomatic ties, he added. In recent times, the Vietnamese Embassy in the US has increased economic diplomatic activities to promote investment, trade and tourism cooperation between the two nations. The embassy recently coordinated with a delegation led by Deputy Minister of Agriculture and Rural Development Le Quoc Doanh to work with … [Read more...] about US firms eye stronger investment cooperation in Vietnam
Firms of investment
Miki House, a Japanese brand of children's clothing, officially set foot in Vietnam Located at Akuruhi trade centre in Ho Chi Minh City's District 1, the store offers a variety of high-quality childrenswear from 0 to 6 years. Senda Hiroshi, international business manager of Miki House, said Vietnam's high-income class has a strong preference for Japanese brands. Many Vietnamese tourists to Japan have shopped at Miki House's outlets. After five years of market research, the kidswear brand decided to penetrate Vietnam's fast-growing market. … [Read more...] about Japanese kidswear brand opens first store in Vietnam
As the council’s members advised the Government to continue applying credit supporting policies for businesses affected by the COVID-19 epidemic, the Governor also reported the SBV on Monday required commercial banks to reschedule debt repayments to help customers affected. The banks then needed to report back to the SBV between March 15 and March 31. … [Read more...] about Gov’t keeps macroeconomic targets unchanged despite epidemic
Of the five largest e-commerce players in the Vietnamese market at present - Shopee, Lazada, Tiki, Sendo and Adayroi - the top and the second largest firms are foreign-owned. Both Tiki and Sendo are controlled by foreign investors, with only Adayroi being truly Vietnamese with management coming from leading Vietnamese conglomerate Vingroup. … [Read more...] about An internet economy: a golden treasure trove?
MLM in ride-hailing However, in order to recruit and retain drivers in this highly competitive market, many companies not only offer high discounts and bonuses, but also use tricks to obtain higher profits. For example, while Unicar has invested in branding, uniforms, drivers, and a specific headquarters, ZuumViet has conducted their business in a very different way. The company has not released much information, but its social media presence has shed some light on its approach to recruitment, with messages posted on its page reminiscent of multi-level marketing (MLM). … [Read more...] about Alarming practices among new ride-hailing services