zondag 10 november 2019

Vietnam: The next phase of online retail and shopping

The next phase of online retail and shopping
Direct-to-consumer sales, particularly subscriptions, could be the next phase of online shopping in Vietnam as the model sees a wave of investment from major companies worldwide.
The post The next phase of online retail and shopping appeared first on Dutch Business Association in Vietnam.
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Remittances to HCM City by overseas Vietnamese top USD 3.8 billion
Remittances to HCM City by overseas Vietnamese in the first nine months of this year were worth at USD 3.8 billion, a 7% increase year-on-year, according to figures from the State Bank of Vietnam's city branch.
The post Remittances to HCM City by overseas Vietnamese top USD 3.8 billion appeared first on Dutch Business Association in Vietnam.
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Agriculture sector expands by 2.02 Procalcitonin in nine months
Deputy Minister of Agriculture and Rural Development Phung Duc Tien told a press conference in Hanoi on 14 October that the agriculture sector expanded by 2.02% in nine months of this year despite African swine fever.
The post Agriculture sector expands by 2.02 Procalcitonin in nine months appeared first on Dutch Business Association in Vietnam.
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Vietnam ranks fifth globally in instant noodle consumption
A Vietnamese consumes nearly 55 instant noodle packets per year, higher than the world's leading nations in instant noodle consumption, including China with an average of 31 packets for person, Indonesia with 46.4 and Japan with 45.8.
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BVI Economic Substance Classification – Take immediate action to avoid penalty!
Further to Grant Thornton Vietnam previous notification on the British Virgin Islands Economic Substance Act, they are pleased to further update you and highlight the BVI Economic Substance Classification Questionnaire for your prompt action.
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Participate in the 2nd amfori Asia Sustainability Forum Oct 21, 2019 – Vietnam
This is a network who are committed to sustainable supply chain to participate in our forthcoming amfori Asia Sustainability Forum scheduled for Oct 21 in Grand Hotel Saigon, HCMC, Vietnam. Enclosed please find the tentative programme for more details.
The post Participate in the 2nd amfori Asia Sustainability Forum Oct 21, 2019 – Vietnam appeared first on Dutch Business Association in Vietnam.
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Vietnam ready to open its door to foreign enterprises
uty Prime Minister Vu Duc Dam affirmed the Vietnamese Government's readiness to open its door to foreign businesses in his address at the Vietnam Business Summit 2019 held in Hanoi on 16 October.
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State Treasury raises VND 4 trillion through Government bonds
The State Treasury mobilised VND 4 trillion (USD 172.66 million) through Government bond auctions on the Hanoi Stock Exchange (HNX) on 16 October.
The post State Treasury raises VND 4 trillion through Government bonds appeared first on Dutch Business Association in Vietnam.
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EC delegation set to inspect Vietnam's IUU fishing combat
An inspection team of the European Commission (EC) will visit Vietnam from November 4-14 to assess the country's efforts in realizing the EC's recommendations on fighting illegal, unreported and unregulated (IUU) fishing.
The post EC delegation set to inspect Vietnam's IUU fishing combat appeared first on Dutch Business Association in Vietnam.
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Vietnam considers more pork imports as prices surge
The government has asked the agriculture ministry to look into increasing pork imports as supply plunges and prices reach 3-year high.
The post Vietnam considers more pork imports as prices surge appeared first on Dutch Business Association in Vietnam.
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Traditional trade channels still a main draw
According to a survey recently released by Vietnam Report, up to 98 percent of retailers said most of their turnover comes from brick-and-mortar stores and distributors, while only 2 percent are generated by e-commerce channels.
Experts said the situation could encourage foreign consumer goods distributors to penetrate the Vietnamese market.
Hundreds of convenience stores and supermarkets were opened in 2018 and the first half of 2019 to meet the increasing consumer demands in major urban areas nationwide.
Statistics reveal that Vietnam now houses more than 3,000 convenience stores, doubling the figure recorded two years ago, over 8,000 markets and 2.2 million household retailers.
Many businesses are expected to continue expanding their retail networks in the last quarter of 2019 and the next year.
Since the beginning of this year, the Saigon Union of Trading Co-operatives (Saigon Co.op) has continuously opened more supermarkets and convenience stores, raising the total number of its supermarkets and commercial centres to over 800, serving more than one million customers each day.
On October 14, it signed a cooperation agreement with East Saigon DSC JSC to build a 50,000 sq.m commercial centre - Sense City - at the high-tech park in district 9, Ho Chi Minh City, which is projected to be operational in the third quarter of 2020.
The centre is expected to help complete trade infrastructure and improve living standards of residents in district 9 and adjacent localities, matching the city's plan to turn the district into a modern and smart urban area.
The post Traditional trade channels still a main draw appeared first on Dutch Business Association in Vietnam.
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Opening and job description for NL Business Hub Director
Background The Dutch Business Association in Vietnam (DBAV) is in a transition to become the professional Business Hub for Dutch entrepreneurs doing or wanting to do business in Ho Chi Minh City, as gateway to Hanoi and other parts of Vietnam. For this, a comprehensive service portfolio, which helps the hub operate as a platform... View Article
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Vietnamese businesses active at RoK's international agriculture expo
VNA/VOV The Vietnam-Korea Businessmen and Investment Association (VKBIA) has joined the organizer of the ongoing International Agriculture Exhibition (IAE) 2019 in Seoul, the Republic of Korea, to run several activities at event. The VKBIA and ten Vietnamese firms are showcasing their services and products at the IAE 2019, one of the most important trade promotion events in... View Article
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Vietnam, Asia's new manufacturing hub
Since its emergence early last year, the US-China trade conflict has not shown signs of easing. Companies are increasingly concerned about the impact of trade tariffs and other trade protection measures, with many actively planning to divert their production from China.
The post Vietnam, Asia's new manufacturing hub appeared first on Dutch Business Association in Vietnam.
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Sustainable development key to joining global chain
Sustainable supplies of goods and production were key areas for Vietnamese businesses to focus on in order to join the global supply chain, Director General of the Foreign Trade Association (Amfori) Christian Ewert said at a conference held in Hanoi on Monday.
The post Sustainable development key to joining global chain appeared first on Dutch Business Association in Vietnam.
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[HCMC] Vietwater 2019
11th edition of Vietwater 2019 Ho Chi Minh - Vietnam's Leading International Water & Wastewater Industry Show will be back from 6-8th November 2019 at Saigon Exhibition & Convention Center (SECC) in Ho Chi Minh City.
The post [HCMC] Vietwater 2019 appeared first on Dutch Business Association in Vietnam.
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Vietnam enjoys growing trade surplus of over USD 6.8 billion
Vietnam recorded a trade surplus of over USD 6.8 billion between the beginning of the year and October 15 with total import-export turnover reaching over USD 403 billion, according to statistics released by the General Department of Vietnam Customs.
The post Vietnam enjoys growing trade surplus of over USD 6.8 billion appeared first on Dutch Business Association in Vietnam.
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On live for 2019 World Food Prize
Iowa Public Television will provide live coverage of The World Food Prize Laureate Award Ceremony at the Iowa Capitol on Thursday, 17 October at 7 p.m. The ceremony will be broadcast on statewide Iowa Public Television and will be livestreaming at Iptv.org and on YouTube. The broadcast will repeat Sunday, 20 October at 1 p.m.
The post On live for 2019 World Food Prize appeared first on Dutch Business Association in Vietnam.
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Government proposes minimum wage increase
The Government has called on the legislative National Assembly (NA) to raise the monthly base salary for the coming year to VND 1.6 million (USD 69) to keep up with the country's advancements in overall development.
The post Government proposes minimum wage increase appeared first on Dutch Business Association in Vietnam.
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Blue Dragon Children's Foundation
Blue Dragon Children's Foundation works throughout Vietnam with children in crisis. They rescue children from danger and slavery, reunite those children with their families when possible and provide all the services needed for recovery and growth.
The post Blue Dragon Children's Foundation appeared first on Dutch Business Association in Vietnam.
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Betula Asian Aid Foundation (BAAF)
Betula Asian Aid Foundation is committed to helping disadvantaged, disabled and otherwise stigmatized people in South-East Asia get the (health) care needed in the broadest sense.
The post Betula Asian Aid Foundation (BAAF) appeared first on Dutch Business Association in Vietnam.
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Vietnam Industry White Paper 2019 released
The Vietnamese Ministry of Industry and Trade (MoIT)'s Industry Agency and the UN Industrial Development Organisation (UNIDO) on 22 October released the Vietnam Industry White Paper 2019.
The post Vietnam Industry White Paper 2019 released appeared first on Dutch Business Association in Vietnam.
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Still difficult for foreigners to buy housing in Vietnam
Many foreigners are keen to buy high-end apartments in Vietnam but the process is anything but straightforward.
The post Still difficult for foreigners to buy housing in Vietnam appeared first on Dutch Business Association in Vietnam.
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US cuts antidumping duties on Vietnamese tra fish fillets
The US Department of Commerce (DOC) has lowered anti-dumping duties on frozen tra fish (pangasius) fillets from Vietnam in the 15th period of review (POR15), according to the Ministry of Trade and Industry (MOIT).
The post US cuts antidumping duties on Vietnamese tra fish fillets appeared first on Dutch Business Association in Vietnam.
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Domestic automobile industry in need of policies to raise competitiveness
Vietnam needs to issue special policies for the automobile industry to catch up with other countries in the ASEAN region, said experts at a conference held in Hanoi on 22 October.
The post Domestic automobile industry in need of policies to raise competitiveness appeared first on Dutch Business Association in Vietnam.
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Mega project invites domestic investors to bid
The mega infrastructure project North-South Expressway has started inviting domestic enterprises to apply for bidding, a month after the Ministry of Transport ruled foreign companies ineligible to participate in the project.
The post Mega project invites domestic investors to bid appeared first on Dutch Business Association in Vietnam.
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Vietnam places high importance on cooperation with UN
Vietnam attributes great importance to the cooperative ties with the UN, said Deputy Prime Minister Truong Hoa Binh at an 23 October reception in Hanoi for UN Resident Coordinator in Vietnam Kamal Malhotra and representatives of the UN in the country on the occasion of the UN Day (24 October).
The post Vietnam places high importance on cooperation with UN appeared first on Dutch Business Association in Vietnam.
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Pace of business climate reforms slows in East Asia and Pacific region
Economies in the East Asia and Pacific region carried out 33 business-climate-enhancing reforms during the past year, and while many economies in the region make doing business easy for small and medium-sized entrepreneurs by global standards, the overall pace of reforms slowed, the World Bank Group's latest Doing Business 2020 study says.
The post Pace of business climate reforms slows in East Asia and Pacific region appeared first on Dutch Business Association in Vietnam.
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Foreign investment disbursement reaches 23.2%
Disbursement of foreign capital for infrastructure construction only reached 23.2% of the plan as of 15 October, 2019, reported the Finance Ministry on 23 October.
The post Foreign investment disbursement reaches 23.2% appeared first on Dutch Business Association in Vietnam.
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Why Social Responsibility Is Important to Businesses
Companies are increasingly ramping up their focus on social responsibility, whether its championing women's rights, protecting the environment, or attempting to obliterate poverty, on local, national, or global levels.
The post Why Social Responsibility Is Important to Businesses appeared first on Dutch Business Association in Vietnam.
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Vietnam seeks to boost fruit-veggie-flower exports to Asia, Europe
Asia and Europe are important markets for Vietnamese fruits and vegetable exports and imports, and flowers could be next, experts said at a seminar on "Fruit, vegetable and flower exports - New movements in Asian and European markets" in Hanoi on 24 October.
The post Vietnam seeks to boost fruit-veggie-flower exports to Asia, Europe appeared first on Dutch Business Association in Vietnam.
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Land policies restrain Vietnam's agricultural development
Scattered, small-sized land lots hamper farmers and stop companies from investing in agriculture, while barriers set by land accumulation policies also marginalise farmers and hinder the development of Vietnam's agriculture.
The post Land policies restrain Vietnam's agricultural development appeared first on Dutch Business Association in Vietnam.
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Vietnam's husbandry industry drives to industrialisation
The animal husbandry industry has set an average growth target of 4 to 5% per year from 2020 to 2025, and 3-4% in 2026-2030.
The post Vietnam's husbandry industry drives to industrialisation appeared first on Dutch Business Association in Vietnam.
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Vietnam among top 25 global performers in credit access: World Bank
Vietnam has made considerable progress in terms of providing access to credit to become one of the top 25 global performers, according to the newly-released Doing Business Report 2020 produced by the World Bank.
The post Vietnam among top 25 global performers in credit access: World Bank appeared first on Dutch Business Association in Vietnam.
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EVFTA to bring logistics firms both opportunities and challenges
Vietnamese logistics companies need to improve their competitiveness to stay afloat when the EU-Vietnam Free Trade Agreement (EVFTA) comes into effect, experts have said.
The post EVFTA to bring logistics firms both opportunities and challenges appeared first on Dutch Business Association in Vietnam.
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How to manage a hot-headed playing partner
By Josh Sens – Golf Golf is a game of honor. It is also a game of histrionics. Players get emotional. They stomp and they pout. They fling clubs and drop F-bombs. They thrash greens and trash bunkers (see: Garcia, Sergio). In tournament play, clear options exist for handling conduct unbecoming (see: DQ's and fines). But in casual rounds, matters can... View Article
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Vietnam's FDI inflow up in 10 months
Vietnam attracted USD 29.11 billion in foreign direct investment (FDI) in the first ten months of 2019, up 4.3% over the same period last year, the Ministry of Planning and Investment's Foreign Investment Agency said on 28 October.
The post Vietnam's FDI inflow up in 10 months appeared first on Dutch Business Association in Vietnam.
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Can Vietnam absorb increased FDI capital flow?
The investment capital keeps flowing to Vietnam, bringing concerns about the country's capability to absorb such a high level of capital resources.
The post Can Vietnam absorb increased FDI capital flow? appeared first on Dutch Business Association in Vietnam.
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Vietnamese finance market braced for remarkable EU-Vietnam Free Trade Agreement impacts
Under the EU-Vietnam Free Trade Agreement (EVFTA), compared to many other service sectors, financial services have been much more limited in market opening in terms of both the scope of activities and the level of foreign participation.
The post Vietnamese finance market braced for remarkable EU-Vietnam Free Trade Agreement impacts appeared first on Dutch Business Association in Vietnam.
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Agro-forestry-aquatic exports hit over USD 33 billion in ten months
The agro-forestry-aquatic sector raked in a total of USD 33.18 billion from exports during the first ten months of the year, an annual increase of 1.6%, according to statistics released by the Ministry of Agriculture and Rural Development.
The post Agro-forestry-aquatic exports hit over USD 33 billion in ten months appeared first on Dutch Business Association in Vietnam.
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Dutch experts suggest flood prevention solution for HCM City
Authorities of Ho Chi Minh City had a meeting with Dutch Ambassador to Vietnam Elsbeth Akkerman and Dutch experts on 28 October to discuss the Netherlands' suggestion for cooperation in sustainable flood prevention for the southern economic hub.
The post Dutch experts suggest flood prevention solution for HCM City appeared first on Dutch Business Association in Vietnam.
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CPI in October shows three-year high rise
The Consumer Price Index (CPI) in October picked up 0.59% from September, the biggest increase for the same month during the past three years, the General Statistics Office (GSO) announced on 29 October.
The post CPI in October shows three-year high rise appeared first on Dutch Business Association in Vietnam.
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Experts say Vietnam demand for machinery to keep growing
Vietnam's machinery and equipment market has achieved solid growth in recent years and the momentum is expected to continue, making the country increasingly attractive to foreign investors, experts have said.
The post Experts say Vietnam demand for machinery to keep growing appeared first on Dutch Business Association in Vietnam.
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Forex rate forecast to remain stable till year-end
The Vietnamese dong was expected to remain broadly stable against the US dollar over the remainder of 2019 and to be slightly weaker on average over 2020, buoyed by robust foreign direct investment (FDI) inflows, dollar purchases by businesses, and a healthy foreign reserve position, experts forecast.
The post Forex rate forecast to remain stable till year-end appeared first on Dutch Business Association in Vietnam.
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Vietnam set to become a solar power hotspo
Given its natural potential, robust government support and aspirations for the sector, Vietnam may become a solar power investment hotspot soon.
The post Vietnam set to become a solar power hotspo appeared first on Dutch Business Association in Vietnam.
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Seminar discusses ways to combat sugar smuggling
Reducing smuggling of sugar into Vietnam requires strengthening of preventive measures and co-ordination among relevant agencies, further lowering of sugar production costs and requiring sugar to have clear origin details among other things, a seminar heard in HCM City on 29 October.
The post Seminar discusses ways to combat sugar smuggling appeared first on Dutch Business Association in Vietnam.
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Private sector main driving force for economic growth
The private sector was the main driver of growth for Vietnam in the first nine months this year, a conference held by the Central Institute for Economic Management (CIEM) heard in Hanoi on 30 October.
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Industrial production increases 9.5%
During the 10-month period, the industrial production index increased by 9.5% compared to the same period in 2018, with manufacturing and processing industry up 10.8%.
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G-bond issuance meets 70% of yearly plan
The State Treasury has mobilised nearly VND 174.2 trillion (around USD 7.5 billion at current exchange rate) through Government bond auctions on the Hanoi Stock Exchange (HNX), fulfilling 70% of the yearly plan.
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State budget becomes more sustainable: Finance Minister
Finance Minister Dinh Tien Dung presented a report on the State budget performance in 2019, estimates for 2020 and the five-year financial plan (2016-2020) to the National Assembly on 31 October.
The post State budget becomes more sustainable: Finance Minister appeared first on Dutch Business Association in Vietnam.
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