Tuan Nguyen

Hanoi, Vietnam - KCP Hanoi - Newsletter Issue No. 1 We are pleased to share the first issue of KCP Hanoi Newsletter with you. This issue covers three key updates that may impact your business in Vietnam: New Guidelines for Public Bidding: We discuss Circular No. 06/2024/TT-BKHDT, issued by the Ministry of Planning and Investment, on guidelines for providing and posting information on selection of contractors and sample dossiers for bidding on the National Bidding Network System (‘NBNS’). Changes to the Law on E-Transaction: We highlight Decree No. 48/2024/ND-CP, which has added provisions relating to application dossiers for issuance of digital certificates to subscribers, under the Law on E-Transaction. Upcoming Revisions to the Enterprise Law: We briefly mention the planned amendments to the 2020 Enterprise Law. We hope you find the information relevant and helpful. #Vietnam #LawFirms #Hanoi #KelvinChiaPartnership

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🇻🇳 Vietnam is already a market economy?! Opinions are divided here. I answer yes in my interview with„The World and Vietnam“, the journal of the Vietnamese Ministry of Foreign Affairs. „…Vietnam has made remarkable progress in terms of market liberalisation in recent years, which has been recognised internationally, most recently by the latest report of the World Heritage Foundation. Not everything is perfect, but which country in the world has a "perfect market economy"? However, in the case of Vietnam, both are clear: the country's market economy structure and the clear trend towards even more freedom in the future. For this reason, in my opinion, the USA should grant Vietnam the status of a "market economy". In addition to the market economy facts in Vietnam, which speak for themselves, it is also in the interests of the USA not to allow its influence in the Asia-Pacific region to wane in an age of increasing global power-political polarisation. A boost in US-Vietnamese economic relations resulting from Vietnam's recognition as a market economy will give the USA the opportunity to expand and afirm its conprehensive strategic partnership with Vietnam and further diversify its supply chains in Asia. After all, good relations between the US and Vietnam are an important step towards a peaceful world order based on trade relations at a time of global tension. And let's be honest: ultimately, the recognition of Vietnam as a market economy by the USA is the recognition of facts…“ #Vietnam #economy #FTA #austrianeconomics

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MONGOLIAN MARKET UPDATE - JUNE, 2024 🟣 Monthly market update presents comprehensive analysis and insights into Mongolia's economic and financial landscape. Look out for complete updates on economics, capital markets and many more. Don't miss our featured stories and commentary for the latest trends and developments. 🧷 You can also subscribe to our weekly newsletter. https://lnkd.in/gQWm_npv

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🌐 Taiwan's Digital Transformation: A Gateway for Foreign Tech Startups 🚀 Taiwan’s rapidly growing digital economy presents huge opportunities for overseas tech companies looking to expand into Asia. In particular, with heavy support from the government, many sectors are open to the possibilities digital transformation presented by your cutting-edge solutions! In our latest article, we explore the key sectors where foreign startups can get their foot in the door and share insights into possible ways that international tech companies can successfully enter the Taiwanese market. If you’re a startup looking to expand, this is your guide! Read more here: https://lnkd.in/gtMU9acQ #DigitalTransformation #TechStartups #Taiwan #InternationalExpansion #AI #Healthcare #SmartManufacturing #Startups

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Great visit with Mr. Nguyen Van Loi, member of the Party Central Committee, Secretary of Binh Duong Provincial Party Committee, Head of the Provincial National Assembly’s Delegation in Binh Duong Province in Vietnam. Having emerged less than 30 years ago from a vastly agrarian society to one that tried cheap labor-based manufacturing only to find that it led to a middle-income trap, this amazing region has turned to innovation and knowledge-based enterprises as the future of their region's higher value-added prosperity. Utilizing the Intelligent Community Forum's practices and benefitting from modeling after a former ICF Intelligent Community of the Year, Eindhoven in The Netherlands (2011), ICF's colleagues at EIPO (Eindhoven International Project Office) have worked closely with Becamex, the region's main developer and the senior executives of government and the party to ensure the development of strategies and implementation practices that will see the success of their 2021-2030 MasterPlan and Vision to 2050. In Barcelona, Binh Duong will relinquish its title as Intelligent Community of the Year to one of this year's TOP7 finalists on November 4. However, it's not the last we will see of Binh Duong. Look for their involvement in plans for next year's ICF Summit to be announced in Barcelona on Nov 4. To read more see: https://lnkd.in/gWSwbkJh Intelligent Community Forum Intelligent Community Forum Institute Canada (Atlantic) Intelligent Community Forum Institute Becamex IDC Vietnam Becamex IDC Peter Portheine Joost Helms Robert Millward RPP, FCIP Michael Jung Dr. Sylvie Albert Thuy Linh PHAM Louis Zacharilla Robert Bell Matt Owen Cidades Inteligentes [SmartCities for SmartPlanet] Kristina Verner Daniel Hengeveld Christopher Jung Maggie Chao Tiffany Lin Dario Paixão Paulo Krauss Rob McCann Wendy Dupley Ec.D Simon Potter Doug McCollough Ema Hsieh Berry Vrbanovic BABLE Smart Cities Agustin Argelich Casals

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The Asian Productivity Organization (APO), in cooperation with the Directorate for Standards, Metrology and Quality of Vietnam, is now accepting candidates for participants to the Training Course on Building Social Innovation Systems, to be implemented on 1–5 July 2024 in Da Lat, Vietnam (face-to-face). A strong innovation ecosystem fosters entrepreneurship, business creation, and expanded employment opportunities. When new ideas are transformed into business creation, challenges can be overcome through innovation and entrepreneurship. Social innovation systems involve actors and elements from different sectors supported by legal and cultural norms, infrastructure, and other elements related to developing, diffusing, and utilizing innovation to address social issues. Based on the above, this training course will provide a comprehensive understanding of how to build structured, effective social innovation systems. Target participants are government officials and policymakers, leaders of private businesses including SMEs, NPO staff, and productivity practitioners or consultants from the public and private sectors. Interested Filipino applicants may contact the Development Academy of the Philippines, the National Productivity Organization of the Philippines, through its APO/DAP Secretariat at [email protected]. The deadline for application is on 3 May 2024. For inquiries, please click this link: https://lnkd.in/g2kTcsan or scan the code below. #APO #APOProject #socialinnovation #productivity #entrepreneurship

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On 26 April, former National Assembly (NA) Chairman Vuong Dinh Hue's resignation was approved by the Central Committee of the Vietnam Communist Party (CPV). He resigned due to violations of the code of conduct for Communist Party members. In an extraordinary session in early-May, the NA appointed Standing Vice Chair, Tran Thanh Man, to temporarily take charge of the NA’s activities. The NA remains determined to stick to its legislative agenda in 2024. However, the Chairman’s resignation has sowed doubt among foreign investors. Particularly, new investors may become reluctant to enter the market due to uncertainty over who will take over as Vietnam’s next top leaders and the future policy approach. This may affect Vietnam’s appeal as a politically stable market and ability to attract foreign investment. In addition, the ongoing anti-corruption campaign has led to the dismissal of five out of 18 Politburo members, reducing the pool of potential candidates for key leadership roles in the current and subsequent term starting in 2026.

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📈Industry Trends (Invest KOREA Magazine)📈 Invest KOREA provides an overview of Korea's monthly industry trends based on the latest data available from the Ministry of Economy and Finance and the Korea institute for Industrial Economics and Trade. Figures are subject to change and may be updated for accuracy by the respective organizations. In May 2024, Korea's total industrial production was adjusted after improving in the previous month, but the recovery trend continued. 🔍What's Inside : ◾(Automotive) Exports Continued Growing in May, Led by Expanding Hybrid Vehicle Exports ◾(General Machinery) Production Started Growing, Exports Turned Negative ◾(Shipbuilding) Imports and Exports both up Sharply amid Improving Production Indices Find out more information about Korea : www.investkorea.org

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Korea’s ICT sector is hailed for its strong growth, characterized by rates of GDP growth, increased ICT spendings and rising ITO revenue. However, the country is facing significant challenges, including IT talent shortages, financial constraints, digital cultural integration gaps, and the need to align legacy infrastructure with modern technologies.    Korea's IT outsourcing demand is rely on high-rate markets like the US and China, leading to high costs and a significant shortage of skilled IT professionals until 2027. To address this issue, Vietnam offers an attractive solution with its abundant, highly skilled IT workforce available at costs up to 90% lower than other markets. Savvycom, recognized as one of the top 10 IT firms in Vietnam, is well positioned to meet these demands with trust and dedication. More importantly, we offer trusted software development services and strategic implementation, ensuring seamless communication, cultural alignment, and integration of legacy infrastructure with cutting-edge technologies. Our expertise in Cloud services, AI/ML, E-Commerce, Digital Wallets, Blockchain, Smart Governance, and Smart Healthcare Infrastructure has been empowering businesses in their digital transformation journey.    If you are looking to optimize digital performance and innovate technology for your Korean business, contact Savvycom today: https://lnkd.in/gfQHyAj4     ----   We’re ready to help, let’s talk about your project at: https://lnkd.in/gfQHyAj4  Website: https://lnkd.in/frPHehW    Email: [email protected]   𝗦𝗮𝘃𝘃𝘆𝗰𝗼𝗺 - 𝗬𝗼𝘂𝗿 𝗧𝗿𝘂𝘀𝘁𝗲𝗱 𝗧𝗲𝗰𝗵 𝗣𝗮𝗿𝘁𝗻𝗲𝗿    #Korea #Savvycom #softwaredevelopment #strategictrip #techpartner #ITchallenges #digitaltransformation

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[Latest News] -South Korean small and medium-sized enterprises (SMEs) exports totaled USD 27.76 billion in Q1 2024, marking a 3.6% increase ➡ https://lnkd.in/gDEtukq5 - SME exports, which turned positive since the fourth quarter of 2023 (+1.6%), continued to increase in the first quarter of 2024, marking a rebound for two consecutive quarters. - MSS will continue to vigorously support the momentum of export growth in 2024 

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The Export-Import Bank of Korea will dispatch 34 young regional experts to 13 developing countries to nurture international development cooperation specialists through the EDCF program, it announced on April 18.   The EDCF (Economic Development Cooperation Fund) was established in 1987 by the Korean government to facilitate Korea’s economic exchanges.   The fund provides long-term, low-interest credit funds to support industrial development and economic stability in developing countries. Managed under the direction of the Minister of Strategy and Finance, the Export-Import Bank of Korea operates with entrusted funds from the ministry to carry out this mission.   The developing countries concerned are Vietnam, the Philippines, Indonesia, Cambodia, Sri Lanka, Bangladesh, Mongolia, Laos, India, Uzbekistan, Tanzania, Ghana and Colombia.   The EDCF Young Regional Experts Program has been conducted annually since 2010.   The overseas internship program selects Korean university students — both undergraduate and graduate —as preparatory international development cooperation specialists and dispatches them to developing countries.   The 34 students who passed the written exams and interviews were selected on April 15 by the EDCF.   The young regional experts will stay for six months at 13 EDCF overseas offices in Asia, Africa and Latin America, among others.   During this time, they will grow into future ODA (Official Development Assistance) specialists equipped with global competencies.   They will participate in meetings with governments and international organizations, and conduct on-site inspections of EDCF projects.   Read More: https://lnkd.in/eyVrHpV2

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Vietnam Macro Weekly recap 💹 In macro we have the National Assembly Standing Committee meeting on deck, with discussion on legislation revision, with Vietnam’s Secretary General and President making an official diplomatic visit to China, in which talks of railway linkage and increased cooperation towards more agriculture exports might be front and center. Please do not hesitate to reach out to our analysts for any further insights into the macroeconomic situation or detailed information regarding the Vietnam stock market. #Vietnam #SSIResearch #Macro

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Follow-up article from the #Horasis China Meeting held in #Vietnam two weeks ago: Revitalizing Global Connections: #China and #Vietnam Spearhead Reconstruction of #Globalization Full story here: https://lnkd.in/gE9-uUbE 🌏 In response to the global trade disruptions caused by the pandemic, China and Vietnam, two of Asia’s economic giants, are stepping up as key actors in re-establishing global connections and reshaping the face of globalization. Both nations are on track to become hubs of new global trade routes. 🌏 The concept of a unified global economy is now obsolete. A new, more diverse form of globalization, largely influenced by security concerns, is both necessary and under construction. This transition is still in progress, and its ultimate shape remains uncertain. Many of the driving forces behind this significant shift are centered around China and the reactions to its actions by the United States, other democracies in the transatlantic alliance, and the advanced democratic economies of the Indo-Pacific. https://lnkd.in/gE9-uUbE

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