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POSITIVE PROSPECTS FOR VIETNAM’S ECONOMY IN 2021
Besides the target to achieve a 6-percent growth in the gross domestic product (GDP) or to control inflation at or below 4 percent, the mission of the year 2021 is to begin a new period and a new term.
UKVFTA OPENS UP OPPORTUNITIES FOR STEEL, MECHANICAL FIRMS
Vietnamese exporters in the steel and mechanic sectors expect to get easier access to the UK market following the signing of the UK-Vietnam Free Trade Agreement (UKVFTA) last month.
VIETNAM, BELARUS COOPERATE TO SUPPORT PRODUCTION OF MOTOR VEHICLES
Vietnam and Belarus have reached consensus on measures to remove bottlenecks for the joint venture MAZ Asia on manufacturing and assembling trucks and specific-use vehicles in the context of complicated development of COVID-19, under their amended protocol signed in Hanoi on last December.
HONDA SAYS WILL BE FIRST TO MASS PRODUCE LEVEL 3 AUTONOMOUS CARS
Japan’s Honda Motor Co said on Wednesday it will be the world’s first automaker to mass produce sensor-packed level 3 autonomous cars that will allow drivers to let their vehicles navigate congested expressway traffic.
GDP GROWTH 6 PER CENT IN 2021 FEASIBLE: ECONOMISTS
Việt Nam's GDP may achieve a growth rate of 6 per cent or greater in 2021, according to economists and industry experts.
VIETNAMESE AUTOMOBILE MAKERS IMPORT 80% OF COMPONENTS
Vietnamese automobile makers import 80% of spare parts according to the Ministry of Industry and Trade.
VIETNAM – RUSSIA POTENTIAL ENGAGEMENT IN AUTOMOBILE INDUSTRY ON MEDIA’S RADAR
A recent online meeting between Vietnamese Deputy Prime Minister Trinh Dinh Dung and his Russian counterpart Dmitry Chernyshenko has aroused the Russian media’s interest in the country’s potential automobile cooperation with Vietnam and the possibility of bringing Russian cars to the ASEAN market through the Southeast Asian nation.
HANOI INDUSTRIAL PRODUCTION CONTINUES GROWING TREND IN OCTOBER
Manufacturing and processing, which accounts for 96.5% of total production value in the industry sector, expanded 4.3% year-on-year between January and October.
VIETNAM INKS WORLD’S LARGEST TRADE PACT RCEP
The Regional Comprehensive Economic Partnership (RCEP) was signed Sunday by leaders of 15 Asia Pacific countries that make up 29 percent of global GDP.
HOW VIETNAM CONTAINED COVID-19 AND WHY ITS ECONOMY WILL REBOUND
As schools and businesses reopened after the Reunification Day and International Labor Day Holiday, traffic congestion in major cities such as Hanoi and Ho Chi Minh city, also returned on Monday morning at the beginning of the workweek. The scene is a stark contrast to several countries around the globe that are in lockdown in a bid to control the spread of COVID-19.
HOW THIS AI ENGINEER-TURNED CEO IS RESHAPING THE WAY WE WORK FOR SOCIETY 5.0
Mountains of paperwork are still common in many offices in Japan and elsewhere. It can be physical or digital. A recent survey of over 10,000 office workers by a U.S. tech firm found respondents were wasting more than 40% of their day on repetitive data work. Internet of Things (IoT) sensors are playing an increasing role in generating data, but manual data entry hasn’t gone away
5G TO FUEL SMART MANUFACTURING IN VIETNAM
As 5G has already gone live in several markets around the world, people are getting a first-hand experience of the technology. Denis Brunetti, president of Ericsson Vietnam, Myanmar, Cambodia, and Laos, delves into how 5G will fuel smart manufacturing in Vietnam in the near future.
VIETNAM MULLS MEASURES TO BOOST ELECTRONICS SUPPORT INDUSTRIES
Vietnam has become an attractive market to foreign investors in the field of electronic component manufacturing.
RELOCATING YOUR CHINA SOURCING AND MANUFACTURING TO ASIA: PROCEDURES AND CHOICES
The current cornavirus outbreak and last year’s US-China trade war have made many foreign investors in China look at moving their sourcing and manufacturing in the country to other locations. There can be many reasons – new concerns of the disease affecting production, the impact of tariffs, as well as the increasingly expensive Chinese labor market and overall costs of doing business. While we do not expect any wholesale exodus from China, we understand that businesses quite naturally evolve. After all, we are one of them.
US IMPORTS FROM CHINA SHRANK MORE THAN 13% - BUT IMPORTS FROM VIETNAM ARE POPPING
In the first nine months of this year, U.S. imports from Vietnam jumped 34.8% year-on-year, according to consultancy IHS Markit. In comparison, U.S. imports from mainland China shrank 13.4% during the same period. That increase in exports to the U.S. has made Vietnam one the largest beneficiaries of the trade war. Vietnam’s fastest growing export categories to the U.S. are computers, telephone equipment and other machinery.
GOOGLE TO SHIFT PIXEL SMARTPHONE PRODUCTION FROM CHINA TO VIETNAM
Internet giant aims to double shipments in 2019 in aggressive hardware campaign.
MINISTRY PLANS TO ELIMINATE IMPORT DUTIES ON AUTO PARTS
The Ministry of Finance plans to eliminate import taxes on auto materials and parts in order to support the development of the country’s automobile industry.
EUROCHAM’S STRONG SUPPORT FOR DEAL
Together with the EU-Vietnam Free Trade Agreement, the EU-Vietnam Investment Protection Agreement (EVIPA) was signed in Hanoi on June 30, 2019. Nicolas Audier, chairman of the European Chamber of Commerce in Vietnam, provides an in-depth analysis of how the EVIPA will help protect EU investors’ benefits when they do business in Vietnam after it takes effect.
TRUMPF AT MTA 2019: A SHOWCASE OF CONNECTED SOLUTIONS FOR CONTROLLING AND MONITORING PRODUCTION
From 2 - 5/7/2019, TRUMPF Vietnam participated in MTA Vietnam Exhibition 2019 at Saigon Exhibition and Convention Center (SECC).
IT key to Vietnam’s Industry 4.0 future
Vietnam’s great potential in IT and wide-scale smartphone coverage will be the keys for the country to develop its digital economy and seize great opportunities in Industry 4.0. Nguyen Dat reports.