Ho Chi Minh City’s enterprises should speed up restructuring and build strong trademarks to meet tougher integration, said Vice Chairman of the municipal People’s Committee Nguyen Thi Hong at a October 10 ceremony to mark the Vietnam Entrepreneurs’ Day (October 13).
The recently-concluded Trans-Pacific Partnership (TPP) agreement will be a great chance and also a significant challenge for entrepreneurs as well as enterprises in Vietnam and the city in particular, she said.
Hong also asked local firms to pay more attention to the interest of the community and help needy people in the locality.
Ho Chi Minh City currently has 150,000 companies and about 250,000 individually-run business facilities.
Addressing the event, Director of the Vietnam Chamber of Commerce and Industry Vu Tien Loc said after 30 years of “doi moi” (renewal), Vietnamese enterprises have developed significantly in both number and quality.
Particularly, many trademarks owned by Ho Chi Minh City’s firms have been popular regionally and globally, and a contingent of young, dynamic and creative entrepreneurs are contributing significantly to the country’s growth.
Loc suggested that the Ho Chi Minh City Business Association to do more for local enterprises as the bridge for them and State agencies for timely removal of existing obstacles and those that may arise.
On the occasion, the municipal People’s Committee presented the title “Outstanding Ho Chi Minh City Business 2015” to 100 local firms with excellent performance in the 2009-2013 period.-VNA
Ho Chi Minh City plans to set up a special economic zone spread over the four districts of 7, BinhChanh, Nha Be, and Can Gio to develop its maritime economy and logistics industry.
In the context of fiercer competition, businesses, especially small-and medium-sized enterprises (SMEs), should build their own markets apart from selling what the market demands.
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.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
Illustrative image (Photo:VNA)
