Focus: Branding For Innovation And Sustainability: Vietnam’s ongoing transition from a linear economy to a circular one requires local manufacturers to adapt to it and prepare new business strategies. In this evolving landscape, branding is emerging as a pivotal element for success.
Inside Vietnam
The Persistent Paradoxes: Ph.D. Tran Dinh Thien, former director of the Vietnam Economic Institute, delivered a verdict during the Socio-Economic Forum 2023, organized by the National Assembly’s Economic Committee on September 19, 2023, stating, “Vietnamese enterprises exhibit commendable resilience, but their growth is sluggish and maturation is challenging.”
Going Green For Global Market Expansion: Major international retailers are eyeing Vietnam as a crucial supplier and are establishing their presence by setting up offices in the country. This increased interest from global retailers presents both opportunities and challenges for Vietnamese suppliers, as product criteria and quality standards are becoming more stringent.
Time For Intellectual Property Improvement: The joint leaders’ statement on the upgrade of bilateral relations between Vietnam and the United States to a comprehensive strategic partnership, which was announced on September 10, stated that the two countries “decided to strengthen science, technology, and digital innovation cooperation.” It also acknowledged Vietnam as a potentially major player in the semiconductor industry. The comprehensive strategic partnership will help improve Vietnam’s position in the global semiconductor supply chain. The issue of intellectual property (IP) cooperation was once again mentioned in the joint statement, which will surely bring about both opportunities and challenges.
Business
Borrowing Just To Pay Off Debt: The State Bank of Vietnam (SBV) has issued Circular 06/2023/TT-NHNN allowing clients to borrow from one bank to pay debt owed to another bank. This circular is believed to have significant impact on lending rates, competition among banks and their market share.
Skill Training Essential For Labor Enhancement: Vietnamese guest workers who receive training in countries with advanced production standards can significantly enhance the skill set of the local labor force
Living
Collaboration Is Key To Fashion Industry Sustainability: In a recent discussion about sustainability within the fashion industry, The Saigon Times interviewed Ho Tran Da Thao, the creative director behind the Tsafari brand. Da Thao is renowned for seamlessly blending brocade patterns from the 16th to 19th centuries with modern fashion.
Short Weekend Getaways By Train: The history of Vietnam’s railway system dates back to 1881, when the first railway line between Saigon (now known as HCMC) and My Tho in Tien Giang Province was constructed. Just four years later, on July 20, 1885, the inaugural train journey departed from Saigon’s railway station. This station has played a pivotal role in rail transport, connecting Saigon to central and northern regions ever since.
Travel
The Enchanting Charms Of Duong Thuong Commune: Nestled amid the breathtaking landscapes of Ha Giang Province, Duong Thuong Commune beckons travelers with its unspoiled beauty, rich historical relics, and awe-inspiring cave system, often described as “nature’s masterpiece.”
Savoring Thang Den In Cold Weather: Thang den (thắng dền), a renowned and delectable specialty in Ha Giang Province, is a delightful snack perfect for relishing on cold nights while venturing through the northern mountainous regions of Vietnam
