A survey says 25.7 percent of young Vietnamese want to work for themselves, with tech growth fuelling entrepreneurship. The survey of young people in six ASEAN countries released Friday by the World Economic Forum ranks Vietnam third in entrepreneurial ambition. It was behind Indonesia at 35.5 percent and Thailand at 31.9 percent, said the survey,
The Vietnamese government’s commitment to broad-based economic reforms bodes well for the country’s longer term prospects and look to have it on the path to upper middle-income status, held Khoon Goh, head of Asia Research at Australia and New Zealand Banking Group Limited (ANZ). In an article on bluenotes.anz.com, Goh noted that Vietnam’s gross domestic product
As new policies and trade deals change the focus of M&A inflows to Vietnam, the Vietnamese government is expected to remove legal barriers, create a positive environment for foreign investors, and push the divestment process at state-owned enterprises. In the first panel discussion at yesterday’s Vietnam M&A Forum 2019 in Ho Chi Minh City, policymakers and industry experts
Vietnam wants to have at least five billion-dollar tech firms (unicorns) by 2025 and 10 by 2030 as planned in its draft on national strategy on the Fourth Industrial Revolution. Under the draft announced by the Ministry of Planning and Investment (MPI), the total social investment into research and development (R&D) is expected to account
Experts proposed a number of solutions to boosting food export to potential markets during a workshop held in Ho Chi Minh City on August 7. Ly Kim Chi, Chairwoman of the Food and Foodstuff Association of Ho Chi Minh City, said the city will focus on exporting aquatic products, coffee, vegetables, fruits, and rice to
Exporting agricultural produce can bring in good profits, therefore, it is necessary to prioritise the domestic market, said Minister of Agriculture and Rural Development Nguyen Xuan Cuong. In addition, Cuong added, fluctuations in the world market are becoming more difficult to predict, so the domestic market should be the priority. This is not only a
Vietnam recorded a trade surplus of 1.8 billion USD in the first seven months of the year, according to the General Statistic Office of Vietnam. During the period, Vietnam earned 145.13 billion USD from shipping goods abroad, a year on year surge of 7.5 percent. The growth in export value was mainly contributed to by
The EU-Vietnam free trade agreement (EVFTA) is expected to bring great opportunities for exporters of Vietnam and the Mekong Delta region in particular. However, insiders have advised Vietnamese firms to improve their products’ quality to overcome barriers in the choosy EU market. Nguyen Phuong Lam, Director of the Vietnam Chamber of Commerce and Industry (VCCI)
Vietnam has jumped three spots to the 42nd position out of 129 world economies in the Global Innovation Index (GII) as announced by the World Intellectual Property Organisation (WIPO) in New Delhi, India on July 24. It is the highest ranking that Vietnam has ever achieved so far. Meanwhile, Switzerland, the US, UK, Finland and
The Ministry of Industry and Trade (MoIT) is coordinating with other ministries, agencies and associations to organise a range of trade promotion activities, aiming to expand export markets for agricultural products, especially key staples. The MoIT’s Vietnam Trade Promotion Agency (Vietrade) and the Vietnam Food Association will organise a trip to the US and Mexico
