E-commerce offers businesses, especially small and medium-sized enterprises (SMEs), a direct reach to international customers, boosts their sales, speeds up the marketing process and saves costs, experts have said.
Institutional reform, deeper integration and digital transformation are important for Vietnam to recover the economy, which has been battered by the COVID-19 pandemic, President of Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc said on November 24.
Domestic businesses should equip themselves with necessary knowledge in order to tap opportunities from the Regional Comprehensive Economic Partnership (RCEP), advised experts.
The Vietnam Business Summit 2020 was held by the Vietnam Chamber of Commerce and Industry (VCCI) in Hanoi on November 12 under the theme of “Digitalised Vietnam: Toward Resilient, Responsive and Sustainable Development”.
A circular economy is the future of every nation’s economy, of all production and business activities. It is the key for rapid and sustainable development, participants heard at a recent forum, entitled “Circular Economy: Direction for Sustainable Businesses in Vietnam”.
The K-Food Fair Vietnam 2020 will be held in Hanoi and Ho Chi Minh City with various activities such as trade exchange, promotion and performance arts.
Vietnam is continuing its institutional reform commitments made in the historic EU-Vietnam Free Trade Agreement (EVFTA) in an aim to boost exports of agricultural products and attract more investment from the EU trading bloc.
Vietnam is entering the third wave of reforms, with the goal of slashing at least 20 percent of business regulations in the next five years, said Minister-Chairman of the Government Office Mai Tien Dung.
In recent times, thousands of business conditions, product categories subject to customs checks, and administrative procedures have been cut and simplified in accordance with Government Resolution 68, facilitating production and business activities, significantly contributing to improving the investment and business environment and national competitiveness.
Enterprises need to adopt professional governance towards promoting their sustainable development, especially in the context of the ongoing COVID-19 pandemic, said Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc.
Vietnam and India boast huge potential for trade cooperation across spheres, particularly in technology, mechanics, machinery, and joining the global supply chains following the COVID-19 pandemic, heard a conference on September 22.
Along with its challenges, Vietnamese companies see climate change as an opportunity to speed up restructuring, reorganise production, and create new products and technologies, according to a report from the Vietnam Chamber of Commerce and Industry (VCCI) and the Asian Foundation released on September 16.
There have been signs of reduction in the habit of using cash among people, but the switching to cashless paymentsremains slow, according to the State Bank of Vietnam (SBV).
The International Finance Corporation (IFC) – a member of the World Bank Group – has signed an agreement to provide another 40 million USD for the Orient Commercial Bank (OCB) to help it with the support of COVID-hit clients, especially small and medium enterprises (SMEs).
The Vietnam Chamber of Commerce and Industry (VCCI) chapter in the Mekong Delta City of Can Tho (VCCI Can Tho) on July 31 launched a portal which will provide information and advice related to the European Union – Vietnam Free Trade Agreement (EVFTA) to businesses in the Mekong Delta region.
Amid the spread and complicated development of the COVID-19 pandemic, e-commerce and digital economy are considered an important lifesaver for businesses to boost exports and expand trade with partners.
A consultation workshop on a draft report and guidelines for non-State enterprises and social organisations to implement anti-corruption laws was held in Hanoi on July 28.
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