Deputy General Director of Vietnam Customs Hoang Viet Cuong addresses the conference - Photo: baohaiquan.vn Addressing the conference, Deputy General Director of Vietnam Customs Hoang Viet Cuong appreciated EU businesses’ contribution to Vietnam’s economic growth, noting that improving the business climate and businesses’ competitiveness is critical to the sustainable growth and competitiveness of the Vietnamese economy. The customs sector is striving to realise trade facilitation targets, including cutting down the time needed to handle customs procedures for export goods from 108 hours to 70 hours, and for import goods from 138 hours to 90 hours, the official added. A survey by the European Chamber of Commerce in Vietnam (EuroCham) shows that most of the questioned businesses still know little about regulations on customs revaluation. EuroCham Executive Director Almut Roessner said as most revaluation decisions in Vietnam were made by basing on customs database … [Read more...] about Vietnam Customs holds dialogue with European Business Community
Closed questions to ask customers
Minister of Industry and Trade Tran Tuan Anh has issued a directive on enhancing State management of scrap imports in order to implement the Prime Minister’s guidelines on strengthening the management of the import and use of scrap. Imported scrap in Cat Lai port (Source: VNA) The Department of Export and Import under the Ministry of Industry and Trade (MoIT) said this is towards ensuring safety for the environment and sustainable and effective economic development. Accordingly, units, departments of industry and trade, and trade associations managed by the ministry as well as groups, corporations and companies under the ministry were directed to focus on well managing the import of scrap. Departments under the ministry are required to coordinate with relevant ministries and sectors in examining legal regulations on scrap imports, thus enhancing the management in the field. They are also responsible for submitting to the MoIT a proposal to issue a circular, aiming to … [Read more...] about Measures devised to tighten management of scrap imports
News of scandals spreading like wildfire on social network community presenting a united front show increasing power to humble even the biggest service providers. Giants beware, the people are not mute anymore. Starbucks closes 8,000 stores to organise awareness education due to impact of social network commnunity On April 17, Starbucks Coffee Company announced closing its more than 8,000 company-owned stores in the US in the afternoon of May 29 to conduct racial-bias education geared towards preventing discrimination in the stores. The training will be provided to nearly 175,000 partners (employees) across the country, and will become part of the onboarding process for new partners. “I have spent the last few days in Philadelphia with my leadership team listening to the community, learning what we did wrong and the steps we need to take to fix it,” said Starbucks CEO Kevin Johnson. “While this is not limited to Starbucks, we are committed to being a part of the … [Read more...] about Social network community flexing power to cow giant service providers
Under the detailed zoning plan of Decision No.3655/QD-BGTVT, a total of 10 ports located along the Saigon River have to be either removed, have their functions changed, or kept unchanged until their licences expire. VICT is not included on the list of ports to be removed by the Ministry of Transport until its land leasing licence expires in 2034 VIR’s Bich Ngoc asked Glenn Kong Wai Keong, general director of First Logistics Development Company, operator of one of the ports located along the Saigon River, about his point of view on the issue. What is your view on Decision 3655, which will remove some ports and change others’ functions? Glenn Kong Wai Keong I understand that the relocation of river ports into areas close to the sea coast to compensate for the lack of channels and passages is part of the government’s seaport master plan. The relocation of ports to the areas of Cai Mep-Thi Vai and Hiep Phuoc means not only the construction of new … [Read more...] about Saigon River ports plan how to stay afloat following new rules
Companies in Vietnam have experienced fierce competition over the last few years, both qualitative and quantitative. Many have been forced to close down while others are still in business but struggling to move forward. The question is how to make a brand not only sustainable but also grow in value in the context of fierce global competition and rapid digitalization. There are many approaches to answering this question. Here I note the three key driving forces for brands: digital transformation, globalization, and brand leadership. In my observation, these forces help grow a company’s brand value if implemented successfully. Customer-centric digital transformation Unlike in the past, customers now have many brand choices for a particular product in Vietnam. Let’s take bakery goods for example. Customers would have previously mentioned Kinh Do in the south or Hai Ha in the north, but today they may name a long list of bakery brands: Top Cake, Tous Les Jours, ABC, … [Read more...] about How best to maintain brand value?