Manoj Barthwal - Chairman, Indian Business Chamber in Vietnam
As a prominent member of ASEAN, and with a host of free trade agreements with the developed world, Vietnam foresees a bigger role in world politics and trade. It, therefore, needs its strategic partnership with India to maintain its superiority and sovereignty in the region.
The uncertainty in global trade due to the COVID-19 pandemic has exposed the over-dependence of world trade on China and the importance of the India-Vietnam trade route for international business. There is a growing realisation across the world to have an alternative cost effective manufacturing hub and a reliable source of finished goods and raw materials.
Vietnam, due to its proximity to China and India and due to its size, makes for a symbiotic partnership to achieve this goal. Vietnam has shown its exemplary resilience in fighting the coronavirus pandemic, whereas India has shown its manufacturing strength in being the largest supplier of COVID-19 vaccines to the world.
In light of the above, I foresee a possibility of very strong business ties between the two nations. My goal as a chairman of the Indian Business Chamber in Vietnam is to improve the understanding of each other’s business interests and inherit strengths, so that we may work towards realising the true trade and investment potential between the two nations and complement each other in getting due recognition on global platforms.
Michael Chiu - Chairman, Hong Kong Business Association Vietnam
Vietnam has done a stellar job in handling the pandemic and is admired by most of the world for a country that has limited resources to handle this level of adversary. Vietnam has raised its game to maintain growth during 2020 and the trend continues for a very positive trajectory into 2021.
The association has been a great source of information for our community during COVID-19 and we continue to disseminate information about business opportunities in Vietnam and for collaboration opportunities with the Hong Kong business community in Vietnam and in Hong Kong.
The investment from Hong Kong and China has not slowed down, and indeed we are seeing many first-time investors in Vietnam. Vietnam is on the road map for many to expand to and this will continue to materialise.
The association has been participating at high level conversations through the Vietnam Business Forum and other mediums, representing members and investors to communicate challenges and contributing to administrative reform and Industry 4.0 improvement with the Vietnamese government.
These constructive conversations will continue to benefit our community of members and their investments in Vietnam. We continue to assist our members to access the Vietnamese market by sharing our experience, knowledge, and connections.
Patrick Downey - Manager, Harrison Assessments Talent Solutions
My recommendation would be for the new government to follow the policies and procedures of the last one. This particularly applies to the COVID-19 pandemic which has been the most adverse event to happen to the world for many years but the past government did a very good job in handling it and keeping it under reasonable control. This needs to continue until it is truly eliminated.
Our business with the Success Software entity is focused via our Harrison Assessments Talent Solutions distributorship on assisting companies to recruit, develop, and also train personnel to maximise productivity, professionalism, and results.
However, with many organisations reducing staff and business functions because of the adverse effect of COVID-19, the negative reaction has not only been detrimental to them but has seriously and adversely effected our business. Here’s to the end of the COVID-19 pandemic and a bright and prosperous future for all.
Kenneth Atkinson - Senior board member, British Chamber of Commerce Vietnam
We would like to congratulate Vietnam on its handling of the COVID-19 pandemic, as all our members have been very grateful for Vietnam’s swift action and successful containment of community spread and all have considered themselves lucky to be in Vietnam.
As one of the oldest business chambers in Vietnam, it is especially pleasing to see the growth of Vietnam’s engagement with the international community and its success in the chairmanship of ASEAN in 2020 and election as a non-permanent member of the UN Security Council in 2019, as well as the second tenure as council president during the 2020-2021 period.
These efforts help Vietnam attract continuing high levels of foreign investment and should continue to do so going forward. In 2020, we also celebrated the 10th anniversary of the United Kingdom’s strategic partnership with Vietnam and conclusion of negotiations of the UK-Vietnam Free Trade Agreement. This maintains the tariff reductions on trade gained as part of the EU-Vietnam deal and also improves market access for UK companies.
Our business centre, which supports trade and investment between our two countries, has already seen an increase in enquiries from the UK, and we have seen a significant increase in trade flows in the first quarter of 2020.
We look forward to continuing our engagement with Vietnamese authorities and companies and also to assisting in the growth of UK trade and investment.
Aleksandrs Parfjonovs - Head of Vietnam Operations, Grindeks JSC
Generally, compared with all other countries, Vietnam has handled the COVID-19 situation amazingly, as currently in Europe the pandemic is increasing and it has huge impacts on businesses. For example, most of our head office employees must work from home.
As for the new government, we have a new health minister who supported a very important law for the pharmaceutical industry and currently our business in Vietnam is actually growing because we can supply more high-quality medicines to the patients, despite COVID-19.
I think the Vietnamese government is doing a good job and needs more support to implement the EVFTA, as this new policy was extremely difficult to achieve, but is even more difficult to implement. I personally hope that the vaccination plan will be implemented faster and the government will open borders, especially for foreign experts who are vaccinated to move without quarantine. However, this is a global challenge which every country is working hard to resolve.
Greg Ohan - CEO and co-pioneer, The Sentry Vietnam
We have been very fortunate as the government has taken many effective measures to minimise the negative impact of COVID-19. Vietnam learned and drew from its experience in dealing with the SARS virus in 2003. Suspending flights immediately and restricting visas and visitors to contain the spread of the pandemic appears to have paid off.
As the number of cases began to drop, gradually lifting social isolation measures and reopening the economy allowed businesses to resume. This has maintained a positive environment for business and set the global spotlight on Vietnam.
Like other organisations, we have stepped up to the challenge, having to adapt our business to both protect our employees and to continue serving our customers and communities.
Business-model innovation was a key differentiator for our firm during the pandemic. New digital experiences and services in response to changes in customer behaviours and needs, in addition to new strategic partnerships, allowed us to be more resilient.
As a result of Vietnam’s policy, we have gained an advantage of resiliency compared to others. While normal business operations will never be the same, thanks to Vietnam’s recovery, both domestic and international investors are increasingly looking to Vietnam.
K. M. Leong - General manager, Southeast Asia, Xiaomi International
Despite COVID-19, the explosion of digital transformation and new platforms has been creating so many opportunities for corporations of all sizes.
During this uncertain time, technology is the key to opening opportunities for growth, enhancing operations, improving customer experience, and creating new business models. In these changed circumstances, digital transformation would have a bigger effect, enabling enterprises to play a critical role in shaping new realities to support the local market.
Xiaomi understands that digital transformation is a long-term process. Xiaomi achieved amazing results across all segments in 2020, and we will keep investing in research and development and support the local market in alignment with the government’s directions.
Katsuhiko Usui - General director, Sapporo Vietnam
Vietnam has made great efforts which and achieved great development in economic and social aspects. According to statistics, by the end of 2020, Vietnam’s economy has a scale of about $343 billion, ranking in the top 40 largest economies in the world and fourth in ASEAN.
In addition, Vietnam is the only Southeast Asian country to achieve five UN action targets, with groups of measures to reduce CO2 emissions, promote renewable energy, and enhance resilience to climate change. Efforts in many aspects have helped Vietnam’s national brand value reach $319 billion in 2020, ranking 33rd in the world.
We believe that Vietnam will continue to be one of the most attractive long-term destinations.
Sapporo Vietnam has been operating in this market for 10 years, and we will continue to bring new and unique experiences to Vietnamese consumers, thereby becoming an essential brand in Vietnam.