Vietnamese business etiquette

Prime Minister Nguyen Xuan Phuc meets overseas Vietnamese (Source: VNA)   Siem Reap (VNA) – Prime Minister Nguyen Xuan Phuc met Cambodians of Vietnamese descent living in the Cambodian province of Siem Reap on April 5 during his trip to attend the third Mekong River Commission Summit.  The PM expressed his best wishes to them on the occasion of the traditional New Year of Cambodia and lauded them for linking the two countries together. He updated them on the development of ties between the two countries, saying that during working sessions, Vietnam asked the Cambodian government to offer all possible support to Vietnamese Cambodians, especially in legal procedures, education and life improvement. He also required the General Association of Vietnamese Cambodians, Vietnamese representative agencies and businesses in Cambodia to stand side by side with their fellow Vietnamese in the country. The leader also urged them to respect and abide by Cambodian law, … [Read more...] about PM meets Vietnamese Cambodians in Cambodia

Vietnam is one of the biggest coffee and pepper exporters in the world, but the money it earns is modest. High export volume, low export value Vietnam is leading in the world in Robusta coffee exports present in 80 markets, accounting for 14.2 percent of the global coffee bean market. However, its export turnover is far lower than Brazil’s, though Vietnam has great advantages in material growing area. Nguyen Huu Long, the founder of Shin Coffee, commented that in order to get higher added value for Vietnam’s coffee, the country needs to have high-quality products, and a good brand. “Leading companies still don’t think of solutions that can heighten the value for Vietnam’s coffee,” he said.Branding Bao Han Third Vietnam Coffee Day set to begin on December 8 in Gia Lai The third Vietnam Coffee Day event is set to transpire in Pleiku City in the Central Highland province of Gia Lai between December 8 -10, with the participation of … [Read more...] about Earnings from coffee, pepper are modest because of poor branding

Remittances to Ho Chi Minh City are expected to reach some 5.3 billion USD in 2019. (Photo: tinnhanhchungkhoan.vn) HCM City (VNA) – Remittances to Ho Chi Minh City are expected to reach some 5.3 billion USD in 2019, a year-on-year surge of 9 percent, despite unfavourable global financial and monetary market, according to Deputy Director of the State Bank of Vietnam’s Ho Chi Minh City branch Nguyen Hoang Minh. Minh said that Vietnamese expatriates remitted roughly 4.3 billion USD to the southern hub as of the end of November. The flow of money has played an important role in economic development as well as stability of foreign currency supply in the city, he stressed. Vietnam was expected to remain one of the top ten remittance recipients in 2019, according to the latest edition of the World Bank’s Migration and Development Brief. Around 16.7 billion USD in remittances was projected to flow into Vietnam for the full year, making the Southeast Asian country the … [Read more...] about Remittances to HCM City expected to pick up 9 percent

World Bank Country Director for Vietnam Ousmane Dione addresses the meeting in Hanoi on December 5 (Photo: VNA) Hanoi (VNA) – The Ministry of Agriculture and Rural Development (MARD) held a meeting in Hanoi on December 5 to discuss ways to sustainably develop raw material areas and improve processing capacity and market access for agro-products of Vietnam. MARD Minister Nguyen Xuan Cuong said though the agricultural sector of Vietnam has obtained major achievements, it cannot rest on its laurels due to three challenges, which are the small production scale, climate change impacts and economic integration into the world. He admitted that the country has good agricultural production capacity but the production remains ineffective due to the small scale. Besides, deep processing has just developed for only some commodities like shrimp, tra fish and milk to create products with higher added value. Most of other agricultural products have very short value chains. Vietnamese … [Read more...] about Meeting talks sustainable development of agricultural material areas

President of the Vietnam Academy of Social Sciences (VASS) Prof Dr Nguyen Quang Thuan at the event (Photo: VNA) Moscow (VNA) – A delegation led by President of the Vietnam Academy of Social Sciences (VASS) Prof Dr Nguyen Quang Thuan attended an international symposium on Vietnam-Russia cooperation in Russia on June 4. The event, part of activities in the Vietnam Year in Russia and the Russia Year in Vietnam, was organised by the Institute of Economy under the Russian Academy of Sciences. Reports at the symposium analysed impacts of international situations and globalisation on the economies of Vietnam and Russia and compared the development models of the two nations. They also commented on Vietnam-Russia cooperation potential in the 21st century and within the framework of the Eurasian Economic Union - Vietnam free trade agreement. Participants said that as a scientific-technological power, Russia should bolster its science-technology strengths in the Vietnamese market … [Read more...] about Experts of Vietnam, Russia discuss cooperation in economic globalisation