Vu Tien Loc, chairman of the Vietnam Chamber of Commerce and Industry, talked with VIR’s Khanh An about the giants in the private sector who will become the next pillars of the economy.
About AmCham Vietnam
AmCham is an independent association of companies with the objective of promoting trade and investment between Vietnam and the U.S. With two chapters, one in Ho Chi Minh City and one in Hanoi, our membership of 700 companies and 1,500 representatives is unified by a commitment to promote trade and investment between Vietnam and the United States.
Entries by AmCham Vietnam
The Vietnam Private Sector Economic Forum opened in Hanoi with the participation of Party, Government and legislature leaders, academia, and business representatives.
Vietnam represents an attractive venture for investing in technology companies and aspirational startups, but there is work to be done to create a more efficient legal framework to unlock the country’s true potential.
Life insurers in Vietnam once again reported losses in 2018 despite ballooning revenue, continuing an alarming trend for their bottom line.
The World Bank predicts Vietnam’s economic growth rate would reach 6.6 percent in 2019 in its Managing Headwinds report released on April 24.
The execution of guarantee for customs clearance will be piloted in 2021-22 in an effort to enhance trade facilitation, a customs official said. Mai Xuân Thanh, Deputy Director of the General Department of Customs, said the project was in its draft stage. The implementation of guarantee for customs clearance would be divided into three phases: pilot implementation in 2021-22, expansion in 2022-23 and official implementation from 2024, Thanh said.
The North American trade pact signed last year will have a “moderate” positive effect on the US economy, an independent US government report said Thursday, an underwhelming endorsement as it faces an uncertain path to ratification. And the trade deal could actually dent the US auto sector, increasing employment but raising prices while reducing sales and manufacturing output, according the US International Trade Commission.
National Assembly Chairwoman Nguyen Thi Kim Ngan affirmed Vietnam’s external policy of treasuring ties with the US during a reception in Hanoi yesterday for US Senator Patrick Leahy, Vice Chairman of the US Committee on Appropriations. The NA Chairwoman said Vietnam wants to strengthen their bilateral comprehensive partnership.
The Earth Day Compostable Campaign to minimize the use of plastic bags and replace them with compostable bags made from corn starch has been officially launched on the occasion of Earth Hour by An Phat Holdings. It is estimated that dozens of tons of plastic bags will be replaced thanks to the campaign.
Global value chains were an indispensable way for local firms to build and develop brands, said Le Hoang Tai, deputy director of the Vietnam Trade Promotion Agency (VIETTRADE). Tai told the conference that international trade had seen the establishment of global value chains with active participation of not only developed countries but also developing ones and emerging economies.