Entrepreneurship competition for Vietnamese held in US
A global entrepreneurship competition for Vietnamese (VietChallenge) took place recently with the final round held in Boston city, the US state of Massachusetts, on April 1.
Ambassador Pham Quang Vinh (fourth, left) and members of the Association of Vietnamese Students and Professionals in the US pose for a photo at the VietChallenge final round (Photo: VNA)
New York (VNA) – A global entrepreneurshipcompetition for Vietnamese (VietChallenge) took place recently with the finalround held in Boston city, the US state of Massachusetts, on April 1.
The final round saw the attendance of VietnameseAmbassador to the US Pham Quang Vinh, Vietnamese Ambassador to the UnitedNations Nguyen Phuong Nga, Babson College President and former Governor ofMassachusetts Kerry Healey, and representatives of many businesses.
This year’s competition attracted more than 170teams from Vietnam, the US and many other countries.
Team ScholarJet won the first prize, worth20,000 USD, with the idea of building a website to help students seekscholarships.
Speaking at the final round, Ambassador Vinhsaid the competition was a big success of the Association of VietnameseStudents and Professionals in the US (AVSPUS) in encouraging entrepreneurshipand creativity.
It also connected young Vietnamese people in theUS with their peers around the world, helping them to create opportunities forthemselves and contribute to the homeland’s development, he noted.
Before the final round, Ambassador Vinh met withAVSPUS leaders, informing them about Vietnam’s socio-economic development aswell as recent progress in Vietnam-US relations.
He spoke highly of the association’scontributions and innovative ideas as well as its successes in supporting thelife, study and start-up of young Vietnamese in the US.-VNA
The Vietnamese Youth and Students Association (VYSA) in the US held its fourth gathering at George Mason University in the US state of Virginia from August 5-7.
Twenty Vietnamese students in China participated in a beauty – talent contest held at the Beijing Language and Culture University in Beijing on March 23.
The Vietnamese Students’ Association in the Republic of Korea (VSAK) held its sixth congress in Seoul on April 2 to review its work from 2015-2017 and plan for the next three years.
A finance career workshop was recently held in Paris by VnFinance, a group of Vietnamese experts, researchers and students majoring in finance in France, to promote careers for Vietnamese students in the country.
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.