Tag: Vietnamese businesses

The market expansion plan resulting from a 25% import tax to be imposed by the US on all steel and aluminum entering its market.

More Vietnamese businesses are taking up sustainability initiatives and many consumers are taking note.

Exports of Vietnamese agro-forestry and fishery products and industrial products to the EU in the first seven months increased 10% year-on-year.

At the High-level Roundtable Information Technology Leadership and Information Security 2022 on September 8, warnings were made about serious cybersecurity incidents that could halt the digital transformation program in an entire industry, a locality, an organization, or an enterprise. Vietnamese businesses face many cybersecurity challenges and difficulties in adapting to digital transformation.

According to Mr. Nguyen Duy Ninh, General Director of the Ho Guom Group JSC and Deputy General Secretary of the Hanoi Business Association (HBA), limits being placed on Russia and the country’s ability to expand to Asia will present opportunities for Vietnamese businesses to penetrate deeper into the country. Vietnam’s tourism industry can also benefit, as Russians are unable to travel to some countries.

The weaknesses in building the image of Vietnamese goods and penetrating more deeply into the French market are down to businesses only targeting Vietnamese and Asian customers. Partners like supermarkets and retail distribution chains in France now have plans to increase the ratio of Vietnamese goods within their distribution network.

The US is a market boasting many opportunities for Vietnamese businesses, but bilateral relations need to be boosted further in order to gain broad access in terms of capital, science and technology, and management skills.