The board of the American Chamber of Commerce (AmCham Hanoi) elected Michael Kelly as its new chairman for 2018. He succeeds Citibank’s Natasha Ansell who held the post in 2017.
Japan’s second largest group, Nidec Group, joined hands with Vietnam's leading elevator and escalator firm Alpec to meet the growing demand for elevators in Vietnam and centralise control over product safety and quality.
2018 looks promising for Vietnam’s garment-textile industry, with exports forecasted to fetch US$33.5- US$34 billion, up 10% year-on-year.
Vietnam has filed a complaint to the WTO over US anti-dumping measures on Vietnamese fish exports, the Ministry of Industry and Trade announced on January 14.
The tax on imported sugar, as stipulated by the ASEAN Trade in Goods Agreement (ATIGA), will be maintained at 5 per cent from the beginning of this year, instead of zero per cent as previously rumoured.
Việt Nam has set a goal of earning between US$19.5 billion and $20 billion from footwear, bags and suitcases in 2018, up 10 per cent and 12 per cent from 2017.
P2P lending is a method of debt financing that enables individuals to borrow and lend money without the use of an official financial institution as an intermediary. Peer-to-peer lending removes the middleman from the process, but it also involves more time, effort and risk than the general brick-and-mortar lending scenarios. P2P lending is also known as social lending or crowdlending.
The National Assembly (NA)’s Law Committee held a discussion on January 4, 2018 on the governance model for SEZs. There were several models proposed, but NA Vice Chairman Uong Chu Luu said, “The model could be different from current regulations, but must comply with the Constitution.”
How to develop in a rapid and sustainable way in order to escape the middle-income trap remains a major challenge facing Vietnam’s economy, said Prime Minister Nguyen Xuan Phuc, while addressing the second Vietnam Economic Forum in Hanoi, on January 11.
As Industry 4.0 exerts a sharp effect on the economic structure, development, growth rate, and the models of business and labour usage, Vietnam Economic Forum was organised today to provide specific solutions for Vietnam to seize advantages in production and improve productivity, contributing to the improvement of growth quality and economic competitiveness.
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