The formation of an ASEAN Economic Community by the end of this year caught interests from business executives participating in the Vietnam CEO Forum 2015, organised in Ho Chi Minh City on Sept 24.
The formation of an ASEAN Economic Community (AEC) by the end of this year caught interests from business executives participating in the Vietnam CEO Forum 2015, organised in Ho Chi Minh City on September 24.
This year’s CEO Forum updated businesses on integration opportunities and challenges and helped them learn experience from domestic and foreign firms during the process.
Participants agreed that Vietnamese businesses, small or big, all will encounter a lot of challenges and opportunities when participating in free trade markets.
They discussed and put forth strategies for businesses’ better integration, including “defend or attack”, “cooperate or confront”, and “lead or follow”.
Speaking at the event, Deputy Minister of Industry and Trade Tran Tuan Anh said that during the long integration process, Vietnam has posted strong developments, as evidenced by enterprises’ improved competitiveness and export growth.
However, the establishment of the AEC by the year-end will be coupled with more pressures on business and production capacity and market competitiveness for Vietnamese enterprises as it will encourage trade exchanges, and the free travel of goods, investments and labour among the 600-million-people-strong market.
As such, enterprises must change their mindset to be able to stand firm in the integration process, he suggested.
The annual event was co-organised by the Young Businesspeople Association of Ho Chi Minh City, the Leading Business Club, the 2030 Businessmen Club and the Business Association of Vietnamese High-quality Goods.-VNA
The southern metropolis Ho Chi Minh City is set to face intense competition over human resources once the integrated ASEAN Economic Community takes shape later this year, heard a seminar on August 25.
The domestic small- and medium-sized enterprises (SMEs) should define positions in the global supply chain to gain success in integrating into the world economy.
Besides the government's important role in creating a favorable, transparent business climate, local companies should be more active and creative in preparing for more intensive global integration.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Despite global economic uncertainties, Binh Duong has maintained strong momentum in both exports and industrial production during the first half of 2025.
Vietnam CEO Forum 2015 (Source: VNA)
