Grab and Uber still in hot water for unfair competition

There is a debate over Grab’s disregard for the law, as well as the unfair competition posed by taxi services using technology, such as Uber and Grab.

Allegedly, there are significant differences between the tax figures of Uber and Grab and traditional taxi companies like Vinasun

At the dialogue held by the Ministry of Transport (MoT) on June 28 about passenger transportation by taxis and pilot projects on technology in managing and connecting contracted passenger transportation, some stakeholders voiced concerns over unfair competition of enterprises providing taxis services using technology.

There are allegedly big differences among the tax figures of Uber and Grab and traditional taxi enterprises like Vinasun. 

An unofficial source of information said that in 2016, Grab reported a loss of hundreds of billions of VND, “possibly due to regularly reducing prices for customers.” Running such hefty losses, Grab did not pay corporate income tax. The total taxes paid by Grabtaxi Co., Ltd. in 2016, including corporate income tax, value added tax, and license tax, was only a portion of the taxes paid by Vinasun.

According to the annual tax figures, a representative of Vinasun said that they suffered a lot to fulfill all tax obligations, while other enterprises benefited from “unfair competition, including not fulfilling all tax obligations.”

Also, he raised questions about the tax obligations of individuals and organisations working for Uber and Grab, because their number is increasing, while Grab and Uber reported losses. Additionally, he asked whether Grab and Uber are responsible for declaring tax on behalf of their drivers.

At the beginning of June 2017, Vietnam’s General Department of Taxation issued a document to require the Hanoi and Ho Chi Minh City departments of Taxation to submit a report on the current situation of the taxation of traditional taxi companies and Uber and Grab taxis. However, the results have not been released to the public yet.

Regarding the new carpool services Grabshare and UberPOOL that Grab and Uber are deploying, delegates at the meeting accused these two enterprises of deliberately ignoring regulations, claiming that they are implementing these services although MoT had sent them an urgent document requiring them to stop the carpool services of all contracted cars in Vietnam.

A delegate from Danang, the city that does not allow Grab cars to operate, said that there are still about 1,000 active Grab cars in the city.

“Why does Grab still operate when local authorities withdrew their permission?” asked Le Quang Vinh, chairman of Phu Hoang Transportation Service Joint Stock Company based in Danang.

Deputy Minister of Transportation Nguyen Hong Truong said he would note the feedbacks of the enterprises and MoT will work with Grab and Uber as well as inviting the leaders of the four cities and provinces that are implementing pilot projects on taxis applying technology to discuss this business model.

By Trang Vu

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Ba Ria-Vung Tau seeking new developer for prime land plot

The southern Vietnamese province of Ba Ria-Vung Tau is looking for a potential developer to rebuild the Vung Tau-Paradise Resort which has been delayed for 25 years now.

Paradise Resort in Vung Tau city is awaiting a new developer to break 25 years of silence

On June 16, the authorities of Ba Ria-Vung Tau Province presided over a meeting with potential developer Housing Development and Trading Joint Stock Company (HDTC) to discuss the proposed investment plan for the resort.

Han-Guk Architects & Engineers from South Korea, invited by HDTC as the project consultant, presented the ideas to revive the project.

Accordingly, two options were put on the table. Option one is an 18-hole golf course project, which accounts for about 30 per cent of the total land area. The remaining 70 per cent would be allocated to villas, hotels, shopping malls, sea villas, floating resorts, amusement parks, and performance stage.

Option two is 27-hole golf course accounting for 52 per cent of the total land area. The rest of the complex would include a villa area, a hotel area, and a casino.

Chairman of the Ba Ria-Vung Tau People’s Committee Nguyen Van Trinh asked the local Department of Construction to support the consultant in designing the project by reviewing and adding some items to meet the requirements of local tourism development. 

Trinh also said that the aim of the province in the management of the Paradise Resort is selecting qualified developers to implement projects that can promote the tourism industry of the province. Particularly, the requirements of the committee when selecting developers included a $2-billion investment capital at least, 25 per cent of which must be equity, and that the project would be finished within three years.

Vung Tau-Paradise lies on 220 hectares of land and was licensed to Joint Venture Vietnamese Vung Tau Intourco Resort JSC and Taiwanese Paradise Development and Investment Company in 1991, with an expiration time of 25 years. The project has the total investment capital of over $97 million, of which 25 per cent was contributed by the Vietnamese partner. However, the joint venture expired at the end of 2015.

Ba Ria Vung Tau calls for investment in four key areas

By Ta Hang

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President Tran Dai Quang leaves Moscow for Saint Petersburg

President Tran Dai Quang (R) and Governor of Kaluga Oblast Anatoly Artamonov (Source: VNA)

Moscow (VNA) – President Tran Dai Quang left Moscow
for Saint Petersburg city on June 30, continuing activities within the
framework of his official visit to Russia.

Earlier, President Quang hosted a reception for Governor of
Kaluga Oblast Anatoly Artamonov, in which he thanked the regional authorities
for providing support for Vietnamese firms over the past years, thus helping lift
two-way trade to 10 billion USD by 2020.

Artamonov, for his part, said Russian people are interested
in the leader’s visit because Vietnam and Russia are comprehensive strategic

He informed the President about the oblast’s economic development
strengths and cooperation between the oblast and enterprises, including
Vietnam’s TH Truemilk.

The governor said Kaluga wants to form a twinning
relationship with a Vietnamese locality and become a trustworthy partner of

During a reception for leaders of the International Bank for
Economic Cooperation, President Quang thanked the banks for its assistance to
Vietnamese companies which have been operating in Russia.

He noted that the central banks of the two countries will
offer support to Vietnamese and Russian firms in each territory, contributing
to fostering bilateral economic, trade and investment ties.

In the morning of the same day, the President visited
Zarubezhneft, one of the largest oil and gas groups in Russia.

He wished that cooperative ties between the Vietnam National
Oil and Gas Group and Zarubezhneft, which started in 1981 with the establishment
of Vietsovpetro joint venture, will further thrive.-VNA

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Vietnam earns 1.7 billion USD from vegetable, fruit exports

Vietnamese lychees sold in Australia (Photo: VNA)


Hanoi (VNA) – Vietnam’s export turnover of
vegetables and fruits reached 283 million USD in June, bringing the figure in
the first half of 2017 to 1.7 billion USD, up 45 percent from the same period
last year.

According to the Ministry of Agriculture and
Rural Development, China, the US, Japan and the Republic of Korea remained the
top four importers of Vietnamese vegetables and fruits, accounting for 85
percent of the total export value.

The country has enjoyed impressive growth in
fruit and vegetable exports in some markets, including Russia (67 percent),
Japan (56 percent), China (50 percent) and the US (23 percent), the RoK (15
percent) and Thailand (12 percent).

Recently, green mangoes grown in Son La province
have been exported to Australia for the first time, opening up opportunities
for agricultural production development, particularly fruit farming, in the
northern mountainous region of Vietnam. 

Le Son Ha, Head of the Plant Quarantine under
the Plant Protection Department, said five tonnes of mangoes will be exported
to Australia weekly, adding that this gives a boost for Vietnam’s fruits to
enter new markets.

He noted that the department is completing
procedures to export lychees to Japan.

Vietnamese longan have been shipped to the US
and will be available in Australia and New Zealand, while red and white dragon
fruits are hoped to enter Australia this year. -VNA

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President hails Vietnam-Russia parliamentary ties

President Tran Dai Quang (L) ​and Chairman of the State Duma of Russia Vyacheslav Volodin (Source: VNA)

Moscow (VNA) – President Tran Dai Quang
valued the close cooperation and mutual support between the two legislatures of
Vietnam and Russia during his meeting with Chairman of the State
Duma of Russia Vyacheslav Volodin in Moscow on June 30.

He wished the Vietnam-Russia and Russia-Vietnam
Friendship Parliamentarians’ Groups will continue working hard to help
consolidate the collaborations between the two legislative bodies and the
countries’ comprehensive strategic partnership in general.

the meeting, the two sides described the effective implementation of the
Vietnam-EU Free Trade Agreement (EVFTA) as a top priority at present.

President Quang suggested the two parliaments work closely together to monitor
the EVFTA implementation in order to create a strong boost to bilateral trade
relations, with an aim of raising two-way trade to 10 billion USD by 2020.

The Russian Duma Chairman spoke highly of the
Vietnamese President’s official visit to Russia, saying that it will map out
development orientations and deepen the two countries’ comprehensive strategic
partnership, including the ties between their legislatures.

The State Duma always pays special attention to
promoting and enhancing the Vietnam – Russia cooperation in the fields of
economy, trade, science – technology, education – training, defence – security,
and tourism, he said.

The Russian legislative body will actively support the building of a suitable
legal framework to step up investment cooperation in industry, agriculture,
energy, oil and gas between the two nations.

He also expressed his delight at Chairwoman
Nguyen Thi Kim Ngan’s upcoming participation in the
137th Inter-Parliamentary Union (IPU) Assembly slated for October in

President Tran Dai Quang noted his support for
cultural exchanges between the two countries, including the organisation of the
Russian Culture Days in Vietnam in 2017.

He also called on the State Duma to provide
legal assistance and favourable conditions for Vietnamese people living in the

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Vietnam, RoK legislatures urged to beef up cooperative ties

Seoul (VNA) – The National Assemblies of Vietnam and the Republic of Korea (RoK) should enhance
exchanges and cooperation to contribute to the enhance of  relations between the two countries, NA Vice
Chairman Uong Chu Luu told Speaker of the RoK NA Chung Sye-kyun.

During a meeting with the RoK top legislator in Seoul on
June 30, NA Vice Chairman Luu reiterated Vietnam’s external policy of
independence, self-reliance,
diversification and multilateralisation, and expressed his hope that the two
countries will continue working to improve the effectiveness of multifaceted cooperation.

He suggested the two nations increase the exchange of
high-level visits and meetings to enhance political trust and expand bilateral
cooperation, especially in the fields of economy, trade, tourism, culture, education
and people-to-people exchanges.

Vietnam and the RoK should intensify
coordination in regional and international issues of common concern, especially
in maintaining peace, stability in the Asia Pacific region, Luu said.

Vietnam welcomed and proposed the RoK continue supporting the
stance of Vietnam and ASEAN on the East Sea issue, he said, expecting that the
RoK to show stronger attitude towards actions that increase tensions in the
waters and call on involved parties to promote dialogues in order to maintain
peace, stability and denuclearisation on the Korean Peninsula and fully
implement the UN resolutions.

For his part, Speaker Chung Sye-kyun emphasised the role played by the two legislatures
in general and parliamentarians in particular in removing difficulties and
acting as intermediaries to settle differences.

He asked the Vietnamese Government to pay heed to education
for RoK children living with their parents in Vietnam, and expanding the
teaching of Korean language in the country.

Later on the same day, NA Vice Chairman Uong Chu Luu visited the Vietnamese Embassy
and met with representatives of the Vietnamese community in the RoK, during
which he urged Vietnamese expatriates to continue making active contributions
to the homeland.-VNA

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Vietnam, Russia eye expanded trade links

Moscow (VNA)
Vietnam always welcomes and wishes to receive investments from Russia,
especially in the fields of energy, oil and gas exploitation and refinery, industrial
equipment and auto manufacturing, President Tran Dai Quang has said.

Addressing a Vietnam-Russia economic seminar in Moscow on June 30, the
Vietnamese State leader called on the Russian side to create favourable
conditions for Vietnamese firms to seek business opportunities in the Eurasian
country in agriculture, food processing, IT, consumer goods, services, real
estate, and mining.

He hoped the free trade agreement (FTA) between Vietnam and the Eurasia
Economic Union (EAEU), which
took effect in October last year, will
enable Vietnam’s textile products, processed agro-aquaculture products and
seafood, wooden products, electronics, and consumer  goods to access the Russian market.

He also underlined the importance of the two sides’ business communities in
promoting the bilateral cooperation, urging them to prepare for new

Vietnamese and Russian businesses should share new ideas and creative solutions
with each other and become pioneering forces in fostering economic links,
contributing to reinforcing and deepening the friendship between the two
nations, President Quang said.

Vietnam will make it easy for Russian businesses to seek and set up investment
and trade ties with Vietnamese partners, he added.

In his speech, Russian Minister of Economic Development Maxim Oreshkin stressed
potential for the two countries to expand economic and trade cooperation, especially
in energy, industry, oil and gas, and transport.

The Vietnam-EAEU FTA creates a good
motivation for stepping up economic, trade and investment links between Vietnam
and Russia, he stressed, calling
on both sides to focus on developing new investment projects in the time ahead.

Agreements signed during President Quang’s visit to Russia will create an impetus
for the bilateral cooperation in the future, he said, affirming that Russia is
willing to facilitate the import of Vietnam’s fruits and aquatic products, as
well as support the Southeast Asian country in developing electricity and
mining industries.

He expressing his belief that newly-signed projects will help lift two-way
trade between Russia and Vietnam.

The minister asked the two sides to outline a medium-term economic, trade and
investment cooperation programme, affirming that the cooperation between the
two countries’ businesses will contribute to developing the Russia-Vietnam
Comprehensive Strategic Partnership in a sustainable manner.

The seminar, jointly hosted by the Vietnamese Ministry of Planning and
Investment and the Russian Ministry of Economic Development, saw the participation
of representatives from 500 enterprises of the two countries.-VNA

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Vietnam, Laos bolster security cooperation

The event took place at a time when the two countries are celebrating the 55th founding anniversary of diplomatic relations and 40 years of the signing of the Vietnam-Laos Treaty on Amity and Cooperation.

Both sides compared notes on regional and international issues of shared concern and exchanged views on plots and activities of hostile forces and crimes that affect national security in each country, as well as the security and order situation along the Vietnam-Laos border.

They also reviewed the outcomes of cooperation between the Vietnamese and Lao security forces, and the implementation of cooperation agreements reached at the previous conference.

A host of measures were devised to improve the efficiency of coordination between the security forces of Vietnam and Laos in the time ahead, especially in exchanging and evaluating information, combating activities of hostile forces, and managing the border and entrance-exit activities and training personnel.

While in Laos, the Vietnamese delegation paid a courtesy call on Lao Minister of Security Somkeo Silavong, who spoke highly of the outcomes of cooperation between the Vietnamese and Lao security forces over the past time and hoped the two sides will continue close coordination to protect national security, social order and safety in any circumstances.

The Lao minister also urged the security forces to boost coordination to ensure absolute security for activities within the Vietnam-Laos Solidarity and Friendship Year 2017 and other major political events.

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Dong Nai authorities talk with Japanese firms to remove bottlenecks

Japanese are among foreign businesses pioneering in economic development in Dong Nai (Photo: VNA)

Dong Nai (VNA) – The People’s Committee
of the southern province of Dong Nai and the provincial Customs Department held
a dialogue with over 100 Japanese businesses to help them extricate

Answering the businesses’ queries about classifying customs
declarations, Le Van Danh, head of the Customs Department, said the
classification of declarations is made automatically on the customs sector’s
system and it depends on such factors as firms’ compliance and goods’ risk

Japanese enterprises also proposed simplifying customs procedures while
importing batches of the same type and origin at different moments from Japan
to Vietnam.

Speaking at the event, Vice Chairman of the
Committee Tran Van Dinh said Japanese are among foreign businesses pioneering in
economic development in Dong Nai.

Japanese firms have always strictly obeyed
Vietnam’s legal regulations and implemented effectively policies on environment,
tax and customs, and particularly those for workers, he said.

In the coming time, the province will
continuously accompany businesses and provide them with maximum support, he
said, adding it also hopes to receive feedback from Japanese businesses for
timely solutions.

Chairman of the Japanese Business Association in
Ho Chi Minh City Kadowaki Keiichi said more than 100 Japanese enterprises are operating
in Dong Nai.

Over the past time, the relations between local
authorities and Japanese businesses have been tightened via cooperation
agreements, he said.

Japanese businesses are running over 250
projects worth 3.9 billion USD in the fields of electronics, digital equipment,
electric appliances, and support industry.

In the first five months of 2017, they earned 1.8
billion USD from exports, making up 15 percent of the province’s total trade.-VNA

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HRW, Al Jazeera must have objective view on human rights in Vietnam

HRW, Al Jazeera must have objective view on human rights in Vietnam (Illustrative image. Source: VNA)

Hanoi (VNA) – The Human Rights Watch
(HRW) and the Al Jazeera TV channel have provided inaccurate information with a
lack of objectivity and goodwill about the human rights situation in Vietnam,
especially freedom of speech and freedom of internet.

A report released by the HRW on June 19 and a
report aired on the Al Jazeera TV channel on June 24 said that “Vietnamese bloggers
and democracy activists are threatened and beaten”. The HRW also listed “36
different assaults from January 2015 to April 2017”.

In fact, the reports were based on fabricated
and groundless information because the international community has recognised
Vietnam’s achievements in ensuring and promoting human rights, including
freedom of speech and freedom of press.

Ensuring and promoting human rights is a
consistent policy of the Vietnamese State, which has been implemented in line
with Vietnam’s Constitution and law as well as international conventions on
human rights to which Vietnam is a party.

From 2014 to 2016, dozens of legal documents
relating to human rights and citizen rights were adopted to concretise
regulations stipulated in the Constitution 2013, in accordance with international
conventions to which Vietnam is a party.

Vietnam has joined the Convention against
Torture (CAT) and the Convention on the Rights of Persons with Disabilities (CRPD)
and has been an official party to seven out of nine major UN conventions on
human rights.

The country has also actively implemented
international missions and commitments on human rights by well assuming the
role as a member of the United Nations Economic and Social Council (ECOSOC) in
the 2016-2018 tenure and the Executive Board of the United Nations Educational,
Scientific and Cultural Organisation (UNESCO) in the 2015-2019 tenure, while proactively
and responsibly participating in the ASEAN Intergovernmental Commission on
Human Rights (AICHR).

Vietnam’s important achievements in improving
human rights are vivid evidence of the efforts. The country’s per capita income
increased to 2,215 USD in 2016 from 1,900 USD in 2013. The number of people
receiving monthly social allowances and health insurance cards has been on the
rise while more than 25 percent of communes nationwide have met standards for
new-style rural area building.

The country has paid due attention to the social
security and welfare work. Social welfare policies have been carried out to
remove difficulties for local residents in areas affected by natural disasters,
droughts, and saltwater intrusion, as well as those in four central provinces influenced
by the marine environmental incident last year. Social organisations and people
have been increasingly involved in the inspection and monitoring of State law
and policy enforcement. More favourable conditions have been created to
facilitate activities of religious organisations.

The strong development of the Vietnamese press in
the recent past also demonstrated that the freedom of speech and freedom of
press in Vietnam have been guaranteed not only in law but also in reality. The
Press Law 2016 officially took effect on January 1, 2017, serving as a
foundation to ensure these rights.

Specially, the internet is booming in Vietnam and
Vietnam is listed among 20 nations with the largest number of Internet users,
ranking 8th in Asia and 2nd in ASEAN. Citizens use the Internet to show their
rights to freedom of speech. Currently, about 50 million Vietnamese people use
the Internet, making up 52 percent of the country’s total population. The
number of Facebook users amounts to 35 million, equivalent to one-third of the
population, including 21 million users access everyday via mobile devices.

President and Managing Director of Google in Southeast Asia and India Rajan
Anandan affirmed that Vietnam has the most dynamic Internet market in the world
and is the only market with the number of Internet users higher than the number
of non-users.

These figures indicate freedom of speech and
freedom of press in Vietnam. There is no
reason why the HRW and the Al Jazeera TV channel did not understand these
facts. The HRW and Al Jazeera even sought to distort reality without
distinguishing the difference between genuine bloggers and those using social
websites to propagandise against the Vietnamese Party and State and harm the
interests of the Vietnamese people.

Vietnam is resolved to deal with law violators.
In Vietnam, nobody has been handled for writing blogs or articles. Only those
who abuse freedom of press, freedom of speech and freedom of Internet to create
social disorder, resist the State and people or go counter to the national
interests are strictly punished.

Those who have been arrested and brought to
trial in the recent past have abused freedom of speech to post articles with untrue
information, defaming the Party’s guidelines and policies and the State’s law,
distorting history and inciting people to oppose the State, and undermining national
security, social order and safety.

All sovereign nations across the world have laws
to strictly deal with those who take unfair advantage of freedom of speech and
freedom of press to resist their countries and provoke hatred and violence.

Internet managers or social websites such as
Facebook, Twitter and YouTube have put in place measures to control wrong and fake
contents posted online. Even, Facebook was once sued by several European nations
such as Austria, France and Germany and fined for spreading online contents
that incite hatred and distort the truth. The HRW and Al Jazeera could not claim
that “freedom of speech” allows one to “change black to white” to distort the

That the Vietnamese State respects and ensures
human rights is undeniable and has been recognised by the international
community. Therefore, the HRW and Al Jazeera TV channel need to have an
objective and correct view on the human rights situation in Vietnam.-VNA

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Vietnam, Russia to give impetus to comprehensive cooperation

Vietnamese State President Tran Dai Quang and Russian President Vladimir Putin agreed to boost comprehensive cooperation between the two nations during the former’s visit to Russia from June 28 to July 1.

The two heads of state convened a meeting at the Kremlin on Thursday, expressing their belief that President Quang’s visit will create an impetus for further development of the Vietnam- Russian relationship.

During the conversation, President Quang reiterated that Vietnam has consistently focused on strengthening its comprehensive strategic partnership with Russia in order to promote further bilateral cooperation across multiple industries in the best interests of both countries’ peoples.

The two sides agreed to continue carrying out investment projects in both countries, including an oil and gas joint-venture, construction of a light industrial zone in Moscow, and projects by Vietnamese dairy group TH in some Russian localities.  

A plan to create joint ventures aimed at assembling and producing cars in Vietnam is also in the works, alongside cooperative efforts to step up energy and infrastructure collaboration, they said.

Two nations will also consider the possibility of continuing their cooperation in the use of nuclear power for peaceful purposes.

The presidents reached consensus on further enhancing collaboration in defense and security, especially in military engineering, and expand ties in science and technology, education and training, culture, tourism, and others.

According to President Putin, Russia’s investment projects in Vietnam are worth a total of US$2 billion, while Vietnam’s investment in Russia is $2.4 billion.

The two countries are set to establish a $500 million investment fund focused on prioritizing agriculture.

They also set a target of raising bilateral trade to $10 billion by 2020.

Oil and gas will remain a top priority sector for cooperation between the two countries, Putin said.

Regarding the situation in the East Vietnam Sea, the two leaders agreed that any dispute should be resolved by peaceful means in accordance with international law, especially the 1982 United Nations Convention on the Law of the Sea (UNCLOS).

Following their talks, the two presidents witnessed the signing of seven significant cooperation deals.

President Quang also met with Russian Prime Minister Dmitry Medvedev and leader of the Communist Party of the Russian Federation Gennady Zyuganov in Moscow on the same day. 

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Reed Tradex ready with Vietnam industrialists to catch new investment wave

Exhibition organiser Reed Tradex is ready to work with Vietnam industrialists to catch a new investment wave, said Kasinee Phantteeranurak, Project Manager of Reed Tradex Co., Ltd. in a special interview. 

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Reed Tradex ready with Vietnam industrialists to catch new investment wave

The manager noted that 2016 has closed with the great success of the10th year of Reed Tradex in Vietnam. The company has welcomed over 30,000 quality visitors in two economic hubs of Vietnam which are Ha Noi and Ho Chi Minh City. 

According to Kasinee Phantteeranurak, in many ways, Vietnam is the emerging market in Asian region with high investment potentials. 

She cited the World Investment Report 2016 which said FDI inflows to Vietnam have increased considerably, and are expected to continue in growth, confirming the country’s position as the third most attractive country in terms of FDI in Asia, just behind China and India. 

In the past, FDI flows were directed towards light industry, but they are now quickly turning towards heavy industry, real estate, franchise and tourism. With the positive effects from FDI, Vietnam now produces high value-added products such as smart phones and tablets.

“Vietnam is a country of changes and currently offering increasing opportunities for foreign businesses,” she said, stressing that it is now exactly the time for foreign investors to start their business plans and grasp the upcoming clear opportunities. 

Asked about the opportunities that Vietnam needs to grasp and also challenges to the country in its integration process, she said Vietnam’s economy faces complex challenges that require a transition to a productivity-driven growth trajectory. 

“According to McKinsey Global Institute, Vietnam needs to boost its overall labour productivity growth by more than 50 percent, from 4.1 percent annually to 6.4 percent, if the economy is to meet the government’s target of 7 to 8 percent annual growth by 2020. More than ever, a long-term infrastructure development plan is recommended to be set up, which should focus on investor needs and address shortages of skilled workers through training programmes and the introduction of common standards for all the workers to upgrade themselves,” Kasinee Phantteeranurak said. 

She remarked that in recent years, Vietnam has transformed itself from subcontracting and assembly to be the industry of processing and manufacturing, the integration pressure on industrial products will get higher in near future. Vietnam’s science and technology development strategy until 2020 requests a 15-20 percent of technological improvement a year. It means that after five years, a new generation of technology must replace the old one. 

“But the good news is, on the other hands, innovation means not only replacing old machines with new ones but also changing a management system as well as developing high-quality human resources, which remains uncompetitive level in Vietnam,” she said. 

She went on to say that one of the solutions is to strengthen cooperation between scientists and businesses as well as promote international cooperation in the fields of science and technology in order to keep up with the world. As a business promoter, especially in manufacturing industry, Reed Tradex does believe that it is not about using the most modern technology, but the right technology will help Vietnam to narrow the gap with hi-tech world’s demand. 

“The world is changing; the game “big fish eat little fish” is not going well anymore, replaced by “fast fish eat slow fish,” according to the manager. 

She informed that in 2017, the company will focus on developing the exhibition programme to be more competitive. It will coordinate with organizations and experts in the industry, also the businesses who are holding the technology, to implement the transmission of knowledge resources, technology transfer and exchange of the ability to apply technology and machinery practically, with highest financial efficiency for the manufacturers in Vietnam.

This year, the company offered an international business platform for industrialists in Hanoi through the international exhibition “Vietnam Manufacturing Expo 2017” which was held from 26 – 28 April, 2017. The exhibition will return to Hanoi in 2018 from 8 – 10 August. 

It is also in process to launch the “Nepcon Vietnam 2017” which is a special exhibition on SMT & testing technologies, equipment and supporting industries for electronics manufacturing. “Nepcon Vietnam 2017” will celebrate its 10th edition and will be held at Hanoi International Center for Exhibition (I.C.E) from 13 – 15 September. 

From October 12-14, at Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City, the company will introduce the 11th edition of “Metalex Vietnam 2017” which is an international exhibition on machine tools & metalworking solutions for production upgrade. 

“We will welcome the entire local and foreign industrialists to the exhibitions, which will come along with business match-making programmes in which the participants will not be charged any fee,” the manager said, adding that at the exhibitions, there is the presence of not only the leading brands from around the world, but also experts in the industry, who will always be ready to share technical experience and technology’s knowledge to all visitors.


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