The third group of solutions is to rapidly implement plans to improve the competitive capacity of the economy. The MPI submitted the prime minister the national programme about supporting small- and medium-sized enterprises (SMEs), startups, and innovations to join global value chains in the 2021-2025 period for approval. In addition, the ministry will accelerate taking the National Innovation Centre into operation to support these SMEs. Furthermore, the MPI is also building a policy to encourage and support enterprises to embrace digital transformation. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES AUGUST 8
Vietnamese business visa
Vietnam becomes second most optimistic country in Q2 2020: Nielsen
Source: Nielsen Vietnam In Q2, the Global Consumer Confidence Index fell sharply from a near historic high of 106 in Q1 to 92, indicating pessimistic consumers outnumbered optimistic ones globally for the first time since 2016. A reading below 100 is considered negative. … [Read more...] about Vietnam becomes second most optimistic country in Q2 2020: Nielsen
‘Tripod’ strategy a Vinamilk cash cow
In the second quarter of 2020, with both global and national economies hit by the Covid-19 pandemic, Vinamilk still recorded a consolidated revenue increase of 6.1 percent year-on-year and increase of 9.5 percent quarter-on-quarter, reaching VND15.49 trillion ($688.8 million). … [Read more...] about ‘Tripod’ strategy a Vinamilk cash cow
Heavy Singapore investment rolls on through new normal
Meanwhile, Joongshik Wang, from Ernst & Young Corporate Finance, pointed out that global geopolitical factors have affected the operations and supply chains of companies across the globe, including those from Singapore, and many businesses are looking to shift their operations to Southeast Asia, particularly Vietnam. “The US-China trade tensions have led some businesses to change their supply chains and shift their manufacturing bases from China, benefiting Southeast Asian markets like Vietnam,” he said. … [Read more...] about Heavy Singapore investment rolls on through new normal
Vietnam may see negative GDP growth rate this year
Oxford Economics forecast Vietnam’s GDP to grow 2.3 percent in 2020 Vietnam’s effective containment of COVID-19 should allow it to make a quicker rebound than most other economies in the region and its GDP growth can be around 2.3% this year, Sian Fenner, an economist from Oxford Economics wrote in a July 14 report. … [Read more...] about Vietnam may see negative GDP growth rate this year
