Hitachi abb

The Hanoitimes - The ambassador suggested Vietnam develop a sustainable supporting industry, by increasing the competitiveness of the products, and advancing the efficiency of the production and automation processes. To seize opportunities from the Fourth Industrial Revolution, or Industry 4.0, Vietnam needs to develop a sustainable supporting industry, and in this regard, Sweden is much experienced and willing to assist Vietnam, Swedish Ambassador to Vietnam Ann Måwe has stated. Swedish Ambassador to Vietnam Ann Måwe speaks at the workshop. Photo: Swedish Embassy Addressing a workshop on enhancing competitiveness of the supporting industries in the context of supply chain diversification, hosted by the Swedish Embassy on October 27, the ambassador said: “Vietnam is in a unique position to strengthen its authority as a leading alternative manufacturing choice. However, Vietnam is facing a bigger challenge – increasing the value as part of the global supply … [Read more...] about Sweden willing to support Vietnam to embrace Industry 4.0: Ambassador

This information was released by Vietnamese Ambassador to Switzerland Le Linh Lan during the “Webinar Market Focus Vietnam” event on March 2 which was jointly held by the Vietnamese Embassy in Switzerland, the Geneva Chamber of Commerce, Industry and Services, and the Switzerland-Vietnam Business Group (SVBG). Since 2012, Vietnam and the EFTA have been in the process of officially conducting negotiations for FTAs, although negotiations have encountered various difficulties, mainly relating to intellectual property rights and public finance. The Vietnamese Ambassador stated that both sides are currently striving to speed up the FTA negotiation process in an effort to finalise the signing of the FTA this year. Once implemented, the deal is expected to offer numerous advantages for Swiss investors that are keen to do business in the country. In line with this, foreign investors are likely to benefit from 15 FTAs signed by the nation, including the EU – Vietnam Free Trade Agreement … [Read more...] about Vietnam, EFTA poised to finalize FTA later this year

The Hanoitimes - Vietnam is currently home to 100 Swiss firms with a combined investment capital of nearly US$2 billion, including major names such as Nestle, Novatis, Roche, Holcim, and ABB. Given the country’s positive progress in global economic integration, Vietnam holds potential to become new destination for global investors. Production of aircraft's components at MHI Aerospace Vietnam at Thang Long Industrial Park. Photo: Pham Hung Vietnamese Ambassador to Switzerland Le Linh Lan made the statement in an online conference discussing Vietnam’s market economy on March 2 to mark the 50th anniversary of Vietnam-Switzerland diplomatic relation (1971-2021). “While the global economy fell into a recession, Vietnam’s effective measures against the Covid-19 pandemic has helped the local economy maintained a positive growth of 2.9% in 2020,” noted Lan. “The country’s strong efforts in digitalizing its economy and the technology competent workforce are plus … [Read more...] about Vietnam holds potential to become new destination for global investors

Deputy Minister Tran Duy Dong speaking at the press conference to announce the NIC and VIIE The Ministry of Planning and Investment (MPI) has just announced holding the Vietnam International Innovation Expo (VIIE) in Hoa Lac Hi-Tech Park on January 9, 2021. “This is the first international innovation expo that gathers all shareholders of the Vietnam innovation ecosystem,” Tran Duy Dong, Deputy Minister of Planning and Investment said. There will be 150 shops to show off their products, technology, and solutions at VIIE 2021, which is expected to lure in around 10,000 visitors during the two-day event. Notably, the expo will see the participation of numerous large technology companies like Viettel, Vingroup, MoMo, CMC, and local businesses like Sunshine, Hanaka, and foreign-invested firms Samsung, Hyosung, Intel, Dell, Hitachi, BIDV and Siemens. Startups, small- and medium-sized enterprises (SMEs), research and development centres, institutes, and universities will also join … [Read more...] about National Innovation Centre to break ground soon

Strategy eyes pursuit of ideal digital advances (photo: Duc Thanh) For the first time in the history of the National Party Congress, the words “technology” and “innovation” will take a more prominent role in the draft Political Report that is compiled for discussion by the Central Party Committee. The draft will be debated at the 13th National Party Congress, which will take place in Hanoi from January 25 until February 2. Amid the ongoing health crisis, attraction and application of high technology and innovation in all sectors of the economy are more necessary than ever for Vietnam, which is striving to become a modern, industrialised developing nation by 2025 and a developing nation with modern industry by 2035. The draft Political Report sets the target of an average annual growth rate of 6.5-7 per cent in the 2021-2025 period. It is expected that the ratio of total factor productivity (TFP) in economic growth by 2025 will be 45 per cent. Increases in TFP usually come from … [Read more...] about Strategy eyes pursuit of ideal digital advances