With Apple’s recent decision to produce iPhones in India, and with its rumoured plans in Vietnam seeing no news/mention at all, Vietnam may have to reconsider its business environment and incentives for investors in electronics manufacturing if it wants to compete with India. Apple’s strategic move is considered a big success of the government’s “Make in India” policy. Specifically, Apple is going to start assembling iPhones in India by the end of April. The company is going to cooperate with Wistron from Taiwan, instead of Foxconn. At the moment, Wistron already has a plant in Bangalore, the “capitol” of technology in the Karnataka state of India. Apple chose India in spite of new president Donald Trump’s threat against companies that bring jobs outside of the US. Last year, 2.5 million iPhones were sold in India, the highest ever in this country. The Indian market is expected to buy 750 million smartphones in 2020, and is one of the … [Read more...] about Vietnam needs to learn from ‘Make in India’ policies?
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Security minister active in India Minister of Public Security Tran Dai Quang has stated that Vietnam always appreciates traditional friendship and strategic partnership with India and its “Look East” policy. Meeting with Indian National Security Advisor Shivshankar Menon in New Delhi on October 31, Minister Quang said Vietnam highly values the Indian Government’s approval of 24.8 million USD in official development assistance for the construction of Dien Bien – Tay Trang road, as part of a project on new highway linking India, Myanmar, Laos, Vietnams and Cambodia. He noted the growing bilateral cooperation across security, law enforcement and anti-crimes over the past time, adding that he hopes Menon will facilitate links between the National Security Council of India (NSC) and the Vietnamese Ministry of Public Security (MoPS). The guest also suggested the NSC and MoPS promptly sign a memorandum of understanding on cooperation, thus creating a legal … [Read more...] about Minister of Public Security active in India
Vietfood, Beverage-ProPack Ha Noi exhibit It is the first time the exhibition will come to Ha Noi after being held in HCM City for 20 years. The event is organised by Vinexad. It is expected to attract 180 enterprises with more than 200 pavilions from 11 countries and territories, including South Korea, Thailand, Russia, Malaysia, Italia, Denmark, Spain, Lithuania and China. Products displayed at the exhibition include vegetables (fresh, dried, canned, processed), seafood (cooked, frozen), agricultural products (coffee, tea, cashew, pepper), food ingredients, beverage, confectionery, and packaging and food preservation equipment. The four-day event is also expected to attract about 15,000 visitors, especially e-commerce partners from agricultural areas, including the northern provinces of Hai Duong, Bac Giang, Lao Cai and Bac Ninh. Product origin key to seafood exports to EU Certificates of origin is a must for Vietnamese seafood exported to the EU, Siegfried Bank, an expert from … [Read more...] about BUSINESS IN BRIEF 10/10
Donors urge quality public investment Donors called on Vietnam to restructure public investment to foster quality growth at a workshop in Hanoi on October 4. While examining the Ministry of Planning and Investment (MPI)’s five-year socio-economic development draft, most donors supported the country’s projected annual growth rate of 6.5 percent in the next five years instead of 7 percent. They said the reasonable rate would enable Vietnam to improve social protection policies, increase basic services for the poor and the most vulnerable groups, and create more jobs. Eamonn Murphy, the UN Resident Coordinator in Vietnam, said the country should pay attention to equity issues as economic growth alone cannot ensure human development. Rie Vejs Kjeldgaard, ILO representative in Vietnam, applauded issue of labour being pushed to the forefront aimed at reducing the unemployment rate amongst workers in urban areas to below 4 percent, creating jobs for over 8 million in five … [Read more...] about BUSINESS IN BRIEF 12/10
Only way out for long-delayed IP proposed by Hai Duong Stiffer measures were proposed to help break the current impasse of notorious long-delayed Viet Hoa-Kenmark Industrial Park in the northern province of Hai Duong. The Hai Duong Provincial People’s Committee just held a working session with related parties at Viet Hoa-Kenmark Industrial Park (IP) project and ultimately came to the conclusion that the IP must be sold in the upcoming time. Hai Duong IP Management Authority was assigned by the provincial People’s Committee to devise an official way out and submit it to the provincial management for approval. “The project has remained unsolved for quite a long time now, while the IP holds strategic importance in attracting investment to Hai Duong. This bottleneck must be tackled without further delay to unlock the so-far inhibited opportunities for others,” said a source from the provincial management. Also according to the source, the IP was unsuccessfully … [Read more...] about BUSINESS IN BRIEF 9/10