Spurred by the surging export-oriented manufacturing and service sectors resulting from the country’s trade deals, Vietnam’s economic prospects are expected to remain bright.
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.
When people think of the automotive Factory of the Future, the first word that comes to mind is automation. They think of the “lights-out” factory that General Motors Chief Executive Roger Smith fantasized about in 1982 and Elon Musk talks about building today—plants so dominated by robots and machines that they don’t need lights to work.
Vietnam’s economy has grown from strength to strength, with a great role played by the government and the country’s business community. Nguyen Mai, former vice chairman of the State Committee for Co-operation and Investment (now the Ministry of Planning and Investment), analyses the country’s journey over the past few decades.
Held in Sydney, Australia from May 9 to May 11, 2018, this year’s National Manufacturing Week 2018 is Australia’s largest gathering of manufacturing decision-makers under one roof. It is the one place for the manufacturing community to come together to be inspired, innovate and connect with one another over three days.
As of now, 69 nations in the world have recognised Vietnam’s market economy status, which will offer great opportunities for Vietnam to boost its investment and trade co-operation globally. Nihad Ahmed, the senior Vietnam economist at Spain based Focus Economics, which provides in-depth economic analyses globally, looks at how Vietnam can seize these opportunities effectively.
The stage of ASEAN Automotive & Motorcycle Parts Manufacturing Summit 2018 welcomes Mr Daniel Pham – VMF’s Director. Daniel shares his experience in Manufacturing in Vietnamese with the topic of “Vietnam an emerging country- a potential for automotive manufacturing?”.
We’re so thrilled to announce that VMF’s Director: Daniel Pham will become one of the speakers on ASEAN Automotive & Motorcycle Parts Manufacturing Summit 2018 which will occur on April 17-18, 2018 in Ho Chi Minh City, Vietnam.
In order to create favorable conditions for manufacturing and supporting industries to approach domestic and foreign partners to expand production, HCM City Department of Industry and Trade, in association with the Management Board of Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA), and The Management Board of the Saigon Hi-Tech Park (SHTP) organize the ” Sourcing fair for supporting industry with buyer 2018″ from March 13, 2018 to March 14, 2018 at the REX Hotel (HCMC).
According to the Business Registration Agency in Vietnam, more than 15,400 enterprises newly registered or reopening their business in the first month of 2018. In a report of the agency, more than 10,800 start-ups with a total registered capital of nearly US $4.33 billion joined this month, which resulted in an increase of 20.6% and 8.9% respectively compared to the same period last year.
As the third largest market in Southeast Asia, Vietnam is one of the fastest growing economies in the world. This is one of many reasons why various investors decided to choose Vietnam as an outsourcing destination. So, do you think Vietnam is a potential market for your business venture? What will happen in the Vietnam Market in 2018 which may influence your decision?
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