Vietnam has potential to become the next BPO giant

Business process outsourcing (BPO) is believed to be one of the five sectors with the greatest potential for growth and investment in Vietnam in the near future, along with solar and wind energy, luxury hotels, modern agribusiness and food, and retail banking, according to PwC’s ‘Spotlight on Vietnam’ report released in October 2017.     Vietnam’s BPO potential is backed by quite..

Van Don SAEZ opens up new opportunities for growth

Owning an international airport not far away from economic-financial centres, as well as famous natural sights in Quang Ninh province, Van Don has outstanding advantages to develop as policies on special administrative-economic zones (SEZ) are being formed.   Quang Ninh International Airport will boost the province's and the SAEZ's connectivity   Natural conditions and infrastructure Van..

Phu Yen investment conference scores large-scale deals

The south-central province of Phu Yen is on the radar of many local and foreign investors.   Phu Yen Investment Promotion Conference was a resounding success   Nguyen Thanh Hung, deputy chairman of Vietjet, told Phu Yen Investment Promotion Conference 2018 organised this morning that in the year ahead the firm is planning to invest about VND4 trillion into constructing a terminal at Phu..

TH Group breaks ground on Phu Yen dairy cow farm

This morning has seen locally-owned TH Group begin construction of its hi-tech dairy farm in the central province of Phu Yen.   The project will be much more than a simple dairy cow farm: it will include  an ecological resort and a craft village for tourism as well   The project’s first stage, worth VND1.151 trillion ($52.32 million), is implemented on an 82-hectare land area in Son..

Vietnam vows to remove investment hurdles with Laos

Removing all obstacles towards Vietnamese investments in Laos and the two countries’ joint projects will be among Vietnam’s priorities in further riveting co-operation with its western neighbour this year.     At a meeting organised a few days ago between the government and Vietnam-Laos Co-operation Committee, Prime Minister Nguyen Xuan Phuc stated that Vietnam will further its..

First Solar to put new factory into operation before 2018 end

First Solar, a global manufacturer of thin-film module technology, is stepping up its recruitment to kick-off its operations in Ho Chi Minh City in the fourth quarter of 2018.   First Solar Vietnam held a career day to support its manufacturing expansion   First Solar Vietnam has recently held a career day at Binh Duong’s Mira Hotel to support the recruitment of associates across the..

Plastics growth garners strong interest

Vietnam’s plastics and packaging industry is luring in a new wave of foreign investors due to the sector’s strong growth.   Companies from India, Europe, and the US are increasing their presence in the Vietnamese plastics market Photo: Le Toan   Last week, a delegation of 43 Indian companies led by the Plastics Export Promotion Council of India (Plexconcil) paid a working visit to..

Mitsubishi Motors to invest $250 million in second factory in Vietnam

Mitsubishi Motors will invest $250 million to build its second automobile assembly facility in the country to expand production. The facility is expected to come into operation in 2020.     This was announced by Kozo Shiraji, Mitsubishi Motors' executive vice president, at a meeting with Deputy Prime Minister Vuong Dinh Hue on January 15.   According to Shiraji, Vietnam is considered an..

Japanese giant joins hands with Alpec to tap into growing elevator market

Japan’s second largest group, Nidec Group, joined hands with Vietnam's leading elevator and escalator firm Alpec to meet the growing demand for elevators in Vietnam and centralise control over product safety and quality.   Nidec and Alpec signing the strategic co-operation agreement   General director of Nidec Elvator David Molnar said at the signing ceremony of the strategic..

Vietnam making headways in fight against IUU fishing

“Growth and development is a marathon, not a sprint,” Prime Minister Nguyen Xuan Phuc emphasised and set the goal of raising Vietnam to become a new "economic tiger" in Asia.   The yellow card issued by the EU is keeping the EVFTA from being ratified   Ambassador Bruno Angelet, head of the Delegation of the European Union to Vietnam, told VIR, “Vietnam is taking it very seriously..

Vietnam striving to become new "economic tiger”

“Growth and development is a marathon, not a sprint,” Prime Minister Nguyen Xuan Phuc emphasised and set the goal of raising Vietnam to become a new "economic tiger" in Asia.   Prime Minister Nguyen Xuan Phuc speaking at Vietnam Economic Forum    At the high-level policy dialogue with the theme of “Fast and sustainable economic growth: existing challenges and new motivation”..