Business Summit highlights significance of digitalisation amidst pandemic
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”.
Hanoi (VNA) – The Vietnam BusinessSummit 2020 was held by the Vietnam Chamber of Commerce and Industry (VCCI) inHanoi on November 12 under the theme of “Digitalised Vietnam: Toward Resilient,Responsive and Sustainable Development”.
Recommendations at the summit will be submittedto ASEAN leaders, who are gathering online for the 37th ASEAN Summit, so thatmore effective measures will be outlined to support the businesscommunity.
Key topics discussed at the summit includedlogistics, agriculture and overarching investment challenges in the context ofCOVID-19.
In his opening remarks, Deputy Prime MinisterTruong Hoa Binh underlined the outbreak together with the Fourth IndustrialRevolution has brought substantial changes to the global economy.
In that context, Vietnam should work to overcomeformidable challenges and grasp all opportunities to become a new destinationfor investment waves in the region, he said.
Meanwhile, VCCI President Vu Tien Loc stressedthe COVID-19 pandemic has pressed businesses to put forth digitaltransformation process, explaining it helps Vietnamese firms, especially small-and medium-sized enterprises, to develop a more flexible business model, whilecutting cost and optimising resources.
Since the success of digital transformationdepends much on political determination and national economic institution, nottechnology, it is necessary to create a modern economic institution withrational legal framework, which is able to form an ecosystem for e-commerce anddigital economy, Loc said.
At the event, many scholars expressed their interestin the pandemic’s impact on global economy, prospects for the Vietnameseeconomy, foreign investment waves and Vietnam’s FDI attraction strategies, andIT application to improve logistics service efficiency, among others./.
Prime Minister Nguyen Xuan Phuc emphasised the importance of digitalisation in broadcasting when meeting with radio “The Voice of Vietnam” (VOV) leading officials on February 19.
The Vietnam International Travel Mart (VITM) 2020 is to take place in Hanoi from November 18 to 21 with a focus on digital transformation-driven tourism development.1
Vietnam has performed remarkably well as Chair of ASEAN in the face of all the obstacles and hurdles, said Choi Shing Kwok, Director of Singapore’s ISEAS – Yusof Ishak Institute and head of the ASEAN Studies Centre under ISEAS – Yusof Ishak Institute.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
At the Vietnam Business Summit 2020 (Photo: VNA) 
