A few years ago, Samsung, a world-leading electronics company, encouraged local Vietnamese firms to produce spare parts for its factories. However, the firm struggled to find Vietnamese suppliers capable of making simple components like screws, chargers and keyboards to adequate standards.
Increasing energy efficiency together with developing renewable energy is critical for Viet Nam to ensure energy security, according to expert.
With its great contributions to the country and strong development over recent years, the private sector has been regarded by the government as one of the key priorities of the economy this year. However, what new elixirs will the government concoct in order to fuel the sector?
Vietnam’s far away from becoming a cashless society, given low financial literacy and the lack of an ecosystem, experts say.
Local companies are unable to compete with their foreign rivals in major export-oriented sectors such as electrical, electronics, computers, and machinery accessories manufacturing because of inequitable investment incentives.
Vietnam’s agro-product exports have slowed down after five months of the Sino-U.S. trade war. What are the true reasons?
Viet Nam’s real estate market will see strong development in the middle-end apartment segment, according to experts.
Foreigners have been growing more interested in buying houses in Vietnam despite obstacles in ownership.
Vietnam needs to reduce its dependency on foreign businesses and foster its own private sector this year, experts say.
The Ministry of Industry and Trade (MoIT) has advised Vietnamese exporters to strictly abide by regulations related to products’ origin.