Enterprises urged to take action amid Industry 4.0 wave
Local firms must prepare strategic digital transformation blueprints in line with technological changes emerging from Industry 4.0 in order to keep up with market trends, insiders have noted.
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Local firms must prepare strategic digital transformation blueprints in line with technological changes emerging from Industry 4.0 in order to keep up with market trends, insiders have noted.
The Vietnamese Government will create optimal conditions for US enterprises to invest successfully in Vietnam and is willing to listen to their recommendations to improve the local business environment, said Prime Minister Nguyen Xuan Phuc.
n 2018, despite enormous competition pressure from markets around the world, Vietnam's agricultural export turnover still rose strongly, reaching a record of over US$40 billion.
Up to 429 new enterprises were established in the northern province of Ninh Binh in the first six months of 2018.
Over 52,300 enterprises were formed nationwide in the first five months of the year, with a total registered capital of VND517 trillion (US$22.64 billion).
Ninh Binh's Department of Industry and Trade has over the years cooperated with relevant branches, and sectors to launch synchronous measures to improve the investment environment, remove difficulties, and increase competitiveness for enterprises.
Prime Minister Nguyen Xuan Phuc hosted a reception on June 18 in Hanoi for a delegation of press agencies and enterprises that will attend the 2017 Asia-Pacific Economic Cooperation (APEC).
Ninh Binh has had 602 new enterprises with a total registered capital of over VND 6.9 trillion (303 million USD) over the past 11 months, 82 more in the number of enterprises than the same period last year.
The number of new enterprises established during the first quarter of this year increased by more than 10,000 compared to the same period of 2015, according to the General Statistics Office of Vietnam (GSO).
A business delegation from Japan's Yamada Business Company visited the northern province of Ninh Binh on September 4 to seek investment opportunities in tourism, restaurant and hotel serivices.
The Trans-Pacific Partnership (TPP) negotiations remained deadlocked with the latest round in Hawaii failing to reach a final agreement as expected. The 12 member countries will continue to conduct bilateral negotiations to remove key barriers to market access.
Foreign direct invested (FDI) enterprises have created a momentum for developing products made in Vietnam, heard participants at a conference entitled "Proud of Vietnamese goods", held in Hanoi on July 31st.
The number of newly established enterprises in February was 6,899 with their combined registered capital estimated at VND45.8 trillion (US$2.15 billion), up 44.6% from the previous month.
In November, Vietnam had 7,767 new enterprises established with a total registered capital of VND38.8 trillion, a 13.7% rise in number of enterprise and a 20.8% increase in capital from the prior month, according to the General Statistics Office (GSO).
European businesses and entrepreneurs want to increase their investment in Vietnam, particularly in the tourism, agri-business and manufactured goods sectors, according to a senior European Commission (EC) official.