The young leader of East Timor emphasizes that Vietnam has a lot of development experience that East Timorese businesses can learn and cooperate with.
Despite the impacts of the Terra Luna collapse and billions of crypto stolen by hackers this year, the growth of responsible innovation in the crypto industry is unlikely to be stopped, said Joshua Foo, Regional Director of Chainalysis ASEAN and Central Asia.
ESG (environment, social, and governance) commitment and capabilities – and going in-depth into the market forces that are driving sustainable investments form one of the four megatrends in ASEAN, said Ng Jiak See, Deloitte Asia Pacific Financial Advisory Leader.
Consensus include pressing plans to establish Thailand’s first collaborating consortium for net-zero innovation development. This seeks to pool know-how, technologies from international parties and is expected to roll on by the end of this year.
For 2021, Siam Cement Group (SCG) in Vietnam reported revenue from sales of over $1,500 million, which is a 32 per cent increase year on year mainly from sales from new acquisition of Packaging, VKPC operation and chemicals operation (TPCVINA), as well as export sales from Thailand and ASEAN to Vietnam.
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The recent launch of Hayat's globally leading diaper brand Molfix in Vietnam carries a $250-million investment in Binh Phuoc to position Vietnam as its regional production hub for Southeast Asia.
It is important that Vietnam takes action now to maintain its regional and global competitiveness, and not lag in economic recovery, leading foreign business associations have claimed.
The MoU signing between the China-ASEAN Business Alliance (CABA) and the Vietnam Association of Corporate Directors (VACD) is expected to foster and accelerate the integration of ASEAN through commercial and cultural activities, supporting two sides’ members to overcome challenges as well as gaining more opportunities.
Team AWM from Viet Nam focuses on ethnic minorities as a potential source for ASEAN economic development in their project.
Vietnam has made the best progress among ASEAN countries in term of competitiveness ranking and the best improvement in Asia-Pacific in international openness and air transport infrastructure.
The London-based bank forecasts Vietnam to remain the fastest-growing ASEAN economy in the near term, with 2019 growth being projected at 6.9 per cent.
For mid-corporates in ASEAN looking to expand across the region, Vietnam offers a wealth of opportunities thanks to its growing domestic market, young and well-educated workforce, and rising middle-income class.
Credit growth in the first half of 2019 was slightly higher than the 6.14 percent growth recorded in the first half of 2018, according to the State Bank of Vietnam (SBV).
Being the very second agreement signed between the European Union and a member of ASEAN, EVFTA is a testament to Vietnam’s growing leadership, not just in the region but also on the global scale.
