maandag 17 juni 2019

Vietnam: Delivering another successful project and winning a United Nations Fintech challenge!

Delivering another successful project and winning a United Nations Fintech challenge!

Manifera Software Development I am proud of our most recent project delivery of the Cybermarqt – platform! It was an intensive and interesting project, whereby we had to meet a challenging deadline for the platform to go live. With the motivation and skills of our experienced team we were able to deliver a high-quality web application and... View Article

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Tetra Pak commits to building a low carbon, circular economy

VNS/Bizhub Food processing and packaging firm Tetra Pak has announced its plans to focus on building a low carbon, circular economy and a sustainability approach that covers the entire value chain. The firm released its Sustainability Report 2019 on Wednesday, aiming to reduce its climate change impact. Tetra Pak also committed to support all of... View Article

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Digital economy boosts Vietnam's economic growth

VOV A study of Google and Temasek from Singapore reports that Vietnam's digital economy reached 3 billion USD in 2015 and 9 billion USD in 2019, and will reach 30 billion USD in 2025. Another study by Australia's Data 61 forecasts that Vietnam's GDP may add an additional 162 billion USD in 20 years if... View Article

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Over 10 of Vietnamese key farm produce sold abroad

VNA/VOV More than 10 key agricultural products of Vietnam are being sold across 160 countries and territories worldwide. They include rice, coffee, rubber, cashew nut, peppercorn, tea, fruit and vegetables, tra fish, shrimp, wood and timber products. Coffee, rice, cashew nut and fruit and vegetables each has an annual export turnover of more than 1... View Article

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The assumptions of a good leader

MDF Asia We are always curious to know what our participants have been up to after completing their training with us. This week we spoke to Meskerem Ritmeester from AgriProFocus who participated in the Leadership and People Management course last year. In this article, Meskerem reflects on her most important insights and how she has... View Article

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The World Food Prize 2019 to Simon N. Groot – The 'Nobel Prize of Agriculture'

East-West Seed (Hai Mui Ten Do) On 10 June 2019, at 9.30 am local time in Washington DC, the US State Department hosted the official announcement of the World Food Prize Laureate for 2019. The USD250,000 prize was given to our founder Simon N. Groot (SNG); a dream-like recognition for his role in changing the lives of millions of... View Article

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FTA opportunities remain largely untapped: trade official

VOV Only 30 – 40% of local firms have utilized opportunities arising from the free trade agreements Vietnam has signed, though the deals are reckoned to present an array of business chances. Nguyen Thi Quynh Nga, deputy head of the Multilateral Trade Policy Department under the Ministry of Industry and Trade, made the statement during... View Article

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Geographic position makes Vietnam a renewable power hub

Hanoitimes/VOV High solar irradiance and wind flow velocity are factors making Vietnam`s renewable energy advantages. Vietnam is likely to become a renewable power hub in the time to come thanks to a series of conditions, mostly geographic ones namely a long coastline, tropical climate, and strong solar irradiance.  Such diverse and abundant conditions enable the... View Article

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Vietnam becomes second largest exporter of lychees

VNS/VOV Vietnam has become the second largest exporter of lychees in the world, accounting for 19% of the global market share, according to the International Society for Horticultural Science (ISHS). The world's largest exporter was Madagascar, accounting for 35% of the global exports despite a low area of plantations, said Sisir Kumar Mitra, an ISHS representative... View Article

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Exports up 7.1% in five-month period

VOV Vietnam racked up some USD101 billion from exports during the first five months of 2019, recording a year on year rise of 7.1%, according to Vietnam Customs. Statistics newly released by the General Department of Vietnam Customs show that exports brought home USD21.9 billion in May alone, up 7.2% against the previous month. Three categories... View Article

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Government to crack down on trade fraud

VNS/VOV The Government will adopt stricter penalties to prevent foreign goods being exported to the other markets under Vietnamese labels to avoid tariffs. Experts forecast that firms exporting goods from countries subject to high tax rates would find ways to illegally transfer the goods to Việt Nam and then export them to the US, Europe... View Article

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Government firm with goals of macroeconomic stability, inflation control

VNA/VOV The Government has affirmed its resolve to pursue the goal of macro-economic stability and inflation control while focusing efforts on addressing existing shortcomings and limitations in a resolution adopted at its regular meeting for May. In order to fulfill all targets set in the plans for 2019, the Government required ministries, sectors and localities... View Article

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Vietnam to be among the world's most dynamic markets by 2030

VNS/VOV With an emerging market economy and continued strong growth, Vietnam is set to become one of the most dynamic markets in the world by 2030, according to Euromonitor International, a global market research company. An Hodgson, Euromonitor International's income and expenditure research manager, said the company's research database showed that urbanisation, with the associated concentration of income,... View Article

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Tax Alert: Updates on the draft amended Labor Code

Deloitte Vietnam As you may be aware, the draft amended Labor Code has been widely circulated to seek comments from relevant authorities and the business community. In this Alert, Deloitte Vietnam would like to update you on the notable proposals in the latest draft amended Labor Code, which could have significant business and social impacts as... View Article

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Ministry issues guidelines for smart city building

VNS/VNA/VOV The ICT (information and communication technology) reference framework for the development of smart cities (version 1.0) has been issued by the Ministry of Information and Communications as a basis for localities and businesses to develop smart city projects. The ICT reference framework is a set of functions to link smart regions, applications, and urban... View Article

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Positive signs of resources for Vietnamese startups

VOV The first Vietnam Venture Summit held in Hanoi recently saw venture capital funds commit millions of USD to Vietnamese startups, illustrating the confidence foreign investors have in the Vietnamese market. Three years ago it was a dream for a Vietnamese startup to raise 15 million USD. Today startups can expect even bigger investments. Vietnam... View Article

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New product to draw foreign investors to Vietnam's stock market

Hanoitimes/VOV Covered warrants will be an alternative technical tool as foreign investors are not limited to buy the securities product and can freely trade it as domestic investors do. Vietnam will launch an effective hedging and investment instrument, called covered warrants, with the aim to draw foreign capital into the country's listed companies as there... View Article

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Business environment improves following Government's Resolution 02

VNA/VOV The implementation of the Government's Resolution 02/NQ-CP issued early this year has brought about improvements in the business environment, heard a working session on the impacts of the document held on 12 June under the chair of Deputy Prime Minister Vu Duc Dam. Deputy Minister of Planning and Investment Vo Thanh Thong said the... View Article

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BOS Monthly Investment Guide: Trading Blows – June 2019

Bank of Singapore With the latest re-escalation of trade tensions, markets have turned jittery and volatility has flared up again. US-China talks have stalled and both countries are exchanging barbs and threats of broader retaliation. Unexpected US tariffs on Mexico imports linked to migration curbs has soured sentiment further. This publication outlines Bank of Singapore's tactical investment... View Article

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FDI attraction – highlight in Vietnam's economic growth

VOV The General Statistics Office of Vietnam has released a report on Vietnam's socio-economic development in the first five months of this year. Accordingly, Foreign Direct Investment continues to prosper with nearly 1,400 projects and a fresh capital of 6.5 billion USD, the highest in three recent years. Vietnam's FDI attraction has increased more than... View Article

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Vietnam's liberalization efforts lead to booming tourism industry

Hanoitimes/VOV Tourism is likely to become Vietnam's new growth pillar, increasing its contribution to the service sector and overall GDP. The booming of Vietnam's tourism over the past few years was largely thanks to the government's continued liberalization efforts, HSBC said in its latest report. Tourist arrivals have risen since 2000 and have surged since... View Article

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Big players vie for Vietnam's delivery market share

Hanoitimes/VOV Online shops could be the major clients of the firms as they have diverse service requests. In this field, small firms have bigger advantages than large ones. Delivery services can also seek niche markets such as instant delivery services, low-cost services and delivery of specialized products. The Vietnamese billion-dollar e-commerce delivery services industry is... View Article

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