According to Amanda Rasmussen, chief operating officer at Indo Trans Logistics (ITL) and recently elected chair of AmCham Vietnam, the increased manufacturing activity will lift the country’s booming air freight market to even greater heights.
In the Fourth Industrial Revolution, applying technology and automation in manufacturing is a critical solution for businesses to deal with the disruption of labour as well as lack of labour force. Kim Huong reports.
Last year saw great interest among international companies in Vietnam’s transport sector. However, regulatory barriers continue to hinder their next steps. Minister of Transport Nguyen Van The discussed with VIR’s Bich Thuy strategies to garner private funding in the sector and the opportunities for foreign investors in 2019.
In 2018, the Vietnamese economy grew by an impressive rate of 7.08 per cent, fuelled by the strong direction of the government, with a rise in foreign investment. Minister of Planning and Investment Nguyen Chi Dung talked with VIR’s Tung Huong about the year’s economic achievements, and the country’s new investment attraction strategy.
Continuously expanding foreign businesses and the wave of foreign investors relocating from China may make the chronic shortage of skilled workers more dire in Vietnam.
To reach the targets for economic growth for the 2016 – 20 period, the southern province of Binh Duong will focus on eight major works this year to encourage new investment.
Asian markets rose on Thursday (Jan 24) as investors try to ascertain the state of play in the China-US trade row, while the pound edged higher on optimism Britain will not crash out of the European Union.
The bosses of Coca-Cola and Pepsi promised on Thursday (Jan 24) that “huge progress” would be made by 2030 to reduce plastic waste, which contaminates humans, wildlife, and oceans.
Vietnam considered the US an important partner and was willing to bolster bilateral ties in all fields, especially in economic co-operation, trade, investment, science-technology, and education and training, Deputy Prime Minister Vuong Dinh Hue said.
After months consisting of both concerns and high expectations, global pharmaceutical businesses will be able to take advantage of recently-loosened business conditions regarding drug registration and imports, which is set to trigger fresh rivalries in the local market. Bich Thuy reports.