Vingroup said that it is willing to take risks, even trade-off some short-term economic benefits to concentrate all its resources on automobile project VinFast.
The disagreement leads to collaboration but can also lead to friction and stagnation if not done correctly.
The London-based financial and business information firm FTSE Russell has recently announced that it added Viet Nam, currently classified as a Frontier market, to the watch list for possible reclassification as Secondary Emerging.
For a country which is experiencing the early stage of development like Vietnam, nationalism will become a driving force for economic growth, according to Professor Tran Van Tho.
Technology is booming and chief financial officers need to utilize the opportunities from new trends, especially for young economies like Vietnam, in order to ensure growth, productivity, and cost reduction, according to Chairman of the International Association of Financial Executives Institutes (IAFEI) Fausto Cosi.
Thailand has more than 50 million residents but welcomes 35.4 million foreign visitors while Vietnam can only attain half as much as that figure despite nearly doubling in population.
Even China awaits after the US elections to devise appropriate strategy so Vietnam must wait for response accordingly.
The current situation makes Vietnamese businesses understand that innovation is pivotal, which is a positive signal of the economic transformation in the country.
The future would be driven by the startups whose businesses are led by young people that is why Vietnam has so much potential in today revolution since Vietnam’s population is very young and most of them are high tech entrepreneurs, according to Datuk Yasmin Mahmood.
In today's extremely competitive market, brand-building is the way to go to separate you from the rest of rivals as it has the possibility to tap into people's psychology and delivers what the potential buyers actually want, according to Ch’ng Toh Ghee, Director of PropertyPages.
