Economy and commerce
Small and medium enterprises (SME)
Mobile banking project launched for low income people, women
The Vietnam Bank for Social Policies (VBSP) on September 6 officially launched the project “Mobile Banking – Financial Inclusion and Economic Empowerment for Low-Income People and Women in Vietnam” – Phase 2 (Mobile Banking 2).The project is funded by the Australian Foreign Affairs and Trade ...
Vietnam ranked third most active startup ecosystem in ASEAN
Việt Nam jumped from fifth to third in the list of most active start-up ecosystems in the six largest ASEAN economies in only two years. The change was from the first half of 2017 to the corresponding period of 2019, with the country trailing only Indonesia ...
New chapter for the development of Vietnam’s pharmaceutical market
Permitting foreign-invested enterprises to conduct direct imports, Vietnam’s pharmaceutical policies are now more in alignment with international treaties.The change of governmental policy in the pharmaceutical field will affect significantly the local market, from both sides. As a positive, the grant for foreign-invested enterprises (FIEs) will ...
Hanoi Innovation Summit 2019 to take place next week
Hanoi Innovation Summit 2019 will take place at the National Convention Centre on August 29-30.According to the organising board, this is the largest scale event covering start-up issues ever held in Hanoi, which is expected to receive more than 3,000 delegates and 100 speakers, as ...
How does yuan price reduction affect garment, footwear industries?
The sudden depreciation of Chinese yuan against the US dollar brings more difficulties to Vietnam’s yarn industry, according to Vietnam Textile and Apparel Association (VITAS).Vietnam imports cotton from the US to make yarn products for export to China. If the yuan continues to fall, Vietnam’s yarn ...
Escalating trade war to hit Vietnam’s exports
The intensifying trade war between China and the U.S. threatens to derail Vietnam’s export growth with the weakening of the Chinese yuan. Vietnam’s exports in the first six months rose 7.2 percent year-on-year, lower than the average growth of 11.6 percent in the last five years, ...
Dat Nguyen
Programme promotes social initiatives launched
The En Xanh (Green Swallow) programme 2019 to honour social business initiatives was launched in Hanoi on July 24. The programme is jointly hosted by the Vietnam Chamber of Commerce and Industry (VCCI), the Vietnam Union of Science and Technology Associations, the United Nations Development ...
Hanoi city aims to improve startup ecosystem
Hanoi is taking measures to tackle difficulties facing local firms, especially newly established small- and medium-sized enterprises (SMEs). The city also aims to support the establishment of from 2-3 business incubators or startup spaces, facilitate the formation of from 3-5 private startup investment funds and attract ...
Vietnam’s coffee exports plummet as robusta prices fall
The sharp fall in export earnings was caused by the price of robusta coffee falling in London due to a global glut, with Vietnam getting the lowest rates of all exporters.The price is decided by rates fixed on global coffee trading floors at the time ...
Portal launched for start-up community
The Ministry of Science and Technology in cooperation with Nexus FrontierTech Company has officially launched a new portal for tech start-ups – vntechpedia.com. The portal is part of a project to support the national start-up and innovation ecosystem by 2025 approved by Prime Minister Nguyen Xuan ...
