All Government Regular Procurement to Go Online by 2025
All government regular procurement transactions and bulk procurement will be done via the electronic national bidding system by 2025, according to a master plan and a road map for online procurement in 2016-2025.
Under the master plan, which has just been approved by the prime minister, from now until 2018, the national bidding e-system will be upgraded to ensure its safe, stable and smooth operation.
Vietnam Posts Trade Surplus of $1.7 Billion in H1
Vietnam recorded a trade deficit
of $17.2 million in June, resulting in a surplus of nearly 1.7 billion in the first six months of this year, according to the General Department of Vietnam Customs.
In the six-month period, the country’s exports increased 5.7% year-on-year to $82.13 billion while imports slid 0.8% to $80.43 billion.
Foreign Firms in Vietnam Record Trade Surplus of $10.25 Billion in H1
Foreign-invested enterprises (FIEs) operating in Vietnam posted a trade surplus of $10.25 billion between January and June, versus a deficit of $8.55 billion incurred by domestic ones, according to the General Department of Vietnam Customs.
Their exports increased 8.9% year-on-year to $57.34 billion in the period, accounting for 69.8% of Vietnam’s total export revenue. They spent $47.1 billion on imports, down 2.2% and making up 58.55% of the total.
European Enterprises in Vietnam Upbeat
EuroCham has released the results of its Business Climate Index (BCI) for the second quarter of this year, revealing positive sentiment among EuroCham members about Vietnam’s business environment, with a score of 77, according to the Vietnam Economic Times.
Overall, the business situation among European companies in the last quarter was good, with 66.7% of respondents describing it as “excellent” or “good” and only 12.5% replying “not good” or “very poor”.
Vietnam Ranks Second after India in Software Outsourcing for Japan
Vietnam has replaced China as the second largest partner in Japan’s software outsourcing market last year, according to Nguyen Ich Vinh, CEO of Tinh Van Outsourcing from Global Outsourcing Market research.
India remains the largest outsourcing market for Japan with 31.5% of the market share, higher than a 20.6% market share held by Vietnam, CafeF.vn reported.
Da Nang Invites Investment
The central city promises to create smooth conditions and top priorities for Singapore’s investors in the fields of high-tech, information technology, renewable energy and high quality education, the Vietnam News Agency (VNA) reported.
Speaking at a seminar in Singapore last week, Deputy Chairman of the city’s People’s Committee Ho Ky Minh said the city will make a strong commitment in building available infrastructure, administrative reforms, preferential treatment and skilled labor, for wooing investors from Singapore.
Hanoi to Host ICT COMM 2016
Vietnam ICT COMM 2016, an exhibition of information and communication technology products, will be held in Hanoi from July 20 to 22, to showcase information and communication technology products, telecom services, Internet services and applications, as well as games, software, electronics and ancillary industries, according to VNA.
Some 150 exhibitors will take part in the event, including foreign and Vietnamese IT companies such as Ericsson, Frost and Sullivan, SimiTri Group and VNPT, as well as FPT, Google, Microsoft and Apple, besides Runsystem, GlobalSign APAC, Vietnamese FPT, and Vinaphone, in addition to MobiFone, Viettel and CMC.
Hanoi Launches Program to Become Start-up City
The Department of Information and Communications of Hanoi (DIC) has worked with several agencies to develop an information technology business incubator scheme to promote start-ups.
The aim is to develop Hanoi as a start-up city, Director of the DIC Phan Lan Tu said at a briefing held recently to review the performance of the department in the first six months.
VinaCapital Vietnam Opportunity Fund Ltd (VOF), run by VinaCapital Group – the largest fund manager in Vietnam, has put 36 of 300 state-owned enterprises (SOEs) expected to be sold in 2016 on the radar screen.
Initial public offerings (IPOs) that are expected to come in the pipeline include those of Sabeco, the country’s largest brewer, Satra Group, Vietnam Rubber Group, Benthanh Group, MobiFone, Vissan, Song Da Corp, Vietnam Expressway Corp., and VietJet Air, VOF has said in a report.
Vietnam’s Ministry of Planning and Investment has announced a long-awaited scheme to form a national committee to supervise and manage state capital and assets at enterprises, mostly state-controlled ones, in a move to improve corporate governance and boost economic growth.
ONGC Videsh Ltd (OVL), which has two offshore blocks in South China Sea allotted by Vietnam, does not perceive any threat to production after The Hague ruling, an OVL director told Mint, an Indian daily business newspaper, on condition of anonymity.
The output from these blocks goes to Vietnam for domestic consumption and not exports that require tanker movement in the contested waters, he added.