digital solutions demonstrate post virus vow from siemens

Digital solutions demonstrate post-virus vow from Siemens

The world has been ravaged by the COVID-19 pandemic. Pham Thai Lai, president and CEO of Siemens Vietnam as well as Siemens ASEAN and Singapore, talked with VIR’s Thanh Dat about how the company has been deploying its digital solutions to fight the pandemic, with Vietnam slated to be a beneficiary.
na doubles down on 2020 targets

NA doubles down on 2020 targets

Despite massive difficulties hitting the economy, the National Assembly has decided not to adjust socio-economic goals for 2020, especially the growth rate, saying efforts would be made to attempt to realise them.
institutional tweaks to open up eu investment

Institutional tweaks to open up EU investment

Although Vietnam’s adoption of trade and investment agreements with the European Union are expected to be a boon for Vietnam, it triggers a need for the country to continue intensifying regulatory reforms – a key to help attract more investors and businesses from the EU.
business support from bac a bank

Business support from BAC A BANK

Locally-invested BAC A BANK is now strongly extending its financial support for businesses which are hurt by the health crisis. With a view to supporting enterprises in weathering difficulties caused by the COVID-19 pandemic, the bank is deploying a special programme on providing preferential loans, which will be vital fuel for their operations.
ppp draft details key sector focus

PPP draft details key sector focus

Investors will be allowed to pour money into five groups of projects under the form of public-private partnerships in Vietnam as per a related law that offers an international-standard dispute resolution mechanism.
utilisation of evfta requires strict clarity

Utilisation of EVFTA requires strict clarity

The upcoming bilateral free trade between Vietnam and the EU may be a tough nut to crack unless the country can make thorough preparations for fulfilling commitments in the deal to further its trade and investment with the bloc.
modest inflation expected for 2020

Modest inflation expected for 2020

Despite a four-month high in the consumer price index, Vietnam will likely be successful in reining in inflation this year thanks to a decline in oil price and public demand, as well as the government’s efforts to stabilise prices in the market.
modest deficit in future for account

Modest deficit in future for account

An expected decline caused by the global health crisis in exports and inflows of foreign investment and remittances is likely to weaken Vietnam’s external position this year.
unilever vietnam standing next to health professionals in virus battle

Unilever Vietnam standing next to health professionals in virus battle

On April 1, the first of a 15-day social distancing campaign battling against the outbreak in Vietnam, one of fast moving consumer goods leaders Unilever Vietnam presented to Hanoi-based Bach Mai Hospital assorted indispensable products valued at nearly VND1 billion ($43,450) in order to help the hospital improve its hygienic conditions and reduce risks of contamination among the community.
historic deal augurs trade renaissance

Historic deal augurs trade renaissance

Despite the cornonavirus crisis badly affecting the ASEAN and its partners, the Regional Comprehensive Economic Partnership (RCEP) remains slated to be inked later this year as scheduled, ushering in more eventual trade and investment opportunities for Vietnam.
network propels smart city schemes

Network propels smart city schemes

Amid the ongoing Fourth Industrial Revolution, Vietnam is taking advantage of the ASEAN Smart Cities Network in order to formulate several policies on building smart cities and attracting deeper investment.
2020 inflation rate rides on outbreak eventualities

2020 inflation rate rides on outbreak eventualities

Vietnam is likely to experience difficulties in controlling inflation this year due to global uncertainties and unexpected price rises of many items in the local market in the wake of the ongoing coronavirus epidemic.
rules of origin pose questions for sectors jostling for position

Rules of origin pose questions for sectors jostling for position

Although the free trade agreement between the European Union and Vietnam will offer great opportunities for wood investors and exporters, its rules of origin may not provide a big boon to local textile and garment businesses.  
new direction for brits enables vietnamese ties

New direction for Brits enables Vietnamese ties

After over three years since the decision was made, on January 31 the United Kingdom finally left the European Union after nearly half a century of membership. The Brits have since moved into an implementation period until the end of the year, in which time it will attempt to forge brand new ties not only with Europe, but the rest of the world. British Ambassador to Vietnam Gareth Ward spoke with VIR’s Thanh Dat about the prospects between the UK and Vietnam, with a bilateral free trade agreement on the horizon.
enterprise support around the corner

Enterprise support around the corner

With the coronavirus epidemic badly damaging business performance and undermining local production, Vietnam will officially launch a major support package to spur on businesses’ performance and ensure economic growth.