The world experienced a degree of turmoil during 2019, with trade tensions going unresolved and talk of a return to widespread protectionism. Though coming through the year largely unscathed, Vietnam is nonetheless at the mercy of global movements. While 2020 is likely to see it continue its impressive growth journey, care must be taken to avoid the negatives and seize upon the positives as global circumstances play out.

Vietnam fully recognizes that prosperity into the future depends greatly on sustainable development. Waste from production needs to be curbed, and in this regard there have been many calls for the country to move from a linear economy to a circular economy. The time has come for all involved to consider not only how to recycle and re-use waste from production, as well as daily life, but also to begin to identify viable alternatives to damaging products. 

The path towards digitalization is perhaps more problematic for agriculture than in other sectors. Sizeable investment in modern technology is coming from major players but the sector is marked by small landholdings held by farmers, which makes large-scale change a challenge. A new association has been established to improve technological infrastructure, and information to enterprises and farmers is also key to success.

Vietnam’s private sector has been tasked with taking the country’s economy forward into the future. The business environment is continually improving and further efforts are a prerequisite to the sector fulfilling both its potential and its role in development. The Party and government are both fully on-board, which puts the private sector in a position to rely on its own strengths and do the hard work needed to take Vietnam on the path to global integration.

Technology has the potential to change the way both students and adult learners go about gaining the knowledge needed for today’s ever-changing world. While they are in a position to access large swathes of information online, there remains scope for face-to-face learning to accompany technology and provide an outstanding level of education. Institutions, meanwhile, also stand to benefit a great deal from adopting the latest technology in their operations.

Insurtech is hoped to make taking out insurance policies a much more straightforward experience and address Vietnam’s low insurance penetration rate. Startups have a role to play in bolstering growth in policy numbers and protection, and some work side-by-side with insurers seeking to gain stronger capabilities in technology to stake out market share and drive penetration forward.

Digitalization is very much in vogue in Vietnam’s banking sector. Fintech players are throwing out something of a challenge to traditional banks in terms of different services, especially cashless payments. Indeed, a lot is being done all round in regard to cashless payments as this is one of the government’s top priorities and e-commerce will only grow in the future.

Proptech, or property technology, is now making its presence felt in Vietnam’s property industry. Not only is
buying and selling made easier, with more accurate valuations, technology also allows for more straightforward management over apartments, providing greater customer care and satisfaction. Modern data capture is also to the benefit of investors, who can gain broader access to information regarding locale and comparable investments.

Tourism joins a host of industries in standing to gain a great deal as digitalization fully takes hold. Smart tourism development is the catch-word of the moment, as the country looks to become a major travel destination. Industry players will need to improve their technology and make it known to potential guests exactly what it is they offer. Travellers now have a virtually limitless source of tourism information and competition is sure to heat up into the future.

Vietnam stands to benefit a great deal from the digital economy if it can make the appropriate changes as they become necessary. Among these are government policies to encourage the broader use of technology as well as improvements to institutions and the relevant legal frameworks. Perhaps no one stands to do better than startups, who tend to have technology in their DNA. In the modern era, those who act quickly will win out.

Vietnam is doing better than most in terms of gender equality in the workplace but there is still some way to go. One field where women fare particularly well is in the digital economy, where they have found it less daunting to become business owners or use their skills to move up the career ladder and secure management positions. The number of successful women nowadays provide great examples for the younger generation to follow and build upon.

Fast-moving consumer goods (FMCG) have recorded impressive growth over recent years, though something a slowdown is being seen in urban Vietnam. One key target market is Millennials, but approaching them is anything but straightforward, as traditional marketing methods no longer apply. They have money to spend, though, and an eagernesss to do so, presenting a great deal of promise for brands that win their favor.

With the requisite number of countries having ratified the CPTPP, the wide-ranging trade pact is set to come into effect early in the new year. For Vietnam, it promises greater investment and trade with a group that accounts for 13.5% of global GDP. Membership also means that the country must join the others in cutting tariffs and following a host of rules that, while difficult, will only make its economy stronger.

Agriculture, forestry and fisheries has long been a strength of Vietnam, given its fertile soil and abundant workforce. Performance, however, has often fallen short of expectations. The sector has been undergoing a major restructure for many years now, the results of which have begun to bear fruit. Issues remain, but the greater use of high-technology and the increasing presence of foreign investors auger well for continued growth.

Vietnamese enterprises have only recently begun to give R&D the attention it deserves and looked to apply science and technology in product development. Foreign investors have given R&D activities a much-needed boost, with many having manufacturing facilities in Vietnam also choosing to locate R&D centers in the country. The government is also keen to see greater investment in R&D, recognizing not only the potential but also the need.

Millennial entrepreneurs will largely be the ones taking Vietnam's economy forward as Industry 4.0 plays a more important role globally. More adept at technology than previous generations and more exposed to the outside world, it's hoped that their abilities and desire will see Vietnam bolster its profile in the region and the world with superior products and services.

Celebrations of 45 years of relations between Vietnam and Japan are ongoing this year. Japan has actively supported Vietnam in a host of endeavors, in particular ODA and FDI, and tho two countrios also boast a complementary trade relationship that continues to blossom. Japanese enterprises are arriving in or expanding their existing projects in Vietnam as they view the country as an investment destination of choice in Asia.

The travel industry, in Vietnam and around the world, is experiencing an unprecedented level of change. Locally, international operators are arriving in increasing numbers and the concept of homestays is beginning to take hold among property owners and tourists alike. The greatest challenge for the industry worldwide, meanwhile, is the advent of new technologies that allow tourists to book virtually every aspect of their holiday online.

Vietnam’s real estate market has caught the eye of many foreign investors following the introduction of new and amended laws and policies from the government. Regional players such as Alpha King have taken note of the opportunities and are keen to change the skyline in the country’s major cities. Ten years on from the last downturn it’s in everyone’s interest to monitor the possibility of a “bubble” reappearing and take action as necessary.

Companies large and small, domestic and foreign, have begun to comprehend the important role corporate social responsibility (CSR) can play in the success or otherwise of their business. Many grapple with doing it right, however, including which activities to conduct and which personnel to assign to the task. Some have even gone beyond CSR, introducing the concept of Creating Shared Value (CSV) as a means of better reaching out to the community.

Human resources in Vietnam have generally struggled to stay abreast of the country’s economic growth. Senior positions are particularly difficult to fill, with a period of training being an accepted part of the employment landscape in almost all positions. Workplace productivity is also at the low-end regionally, despite salaries being on the increase. Issues must be addressed for enterprises to continue driving the economy forward.

It’s perhaps no surprise that foreign investment is finding its way into Vietnam’s education sector in greater numbers, given the country’s long-standing belief in the importance of a good education. With large sums being outlaid by families on sending their children overseas to study, the appearance of high-quality, international-standard schools and universities is also good news for the country’s economy.

Women have been slowly but surely moving up the corporate ladder to CEO, Chairwoman, and board member at many Vietnamese enterprises. The 25% of senior positions they hold, however, tend to be in smaller concerns. The number of powerful women at the helm of major enterprises provides others, particularly younger women, with the knowledge that skills, abilities and hard work can take them as far as they wish to go.

Growth in fast-moving consumer goods (FMCG) is rising every year on the back of greater availability, higher incomes, and a taste for something sweet or savory. As Tet nears, sales go higher than at any other time of year. Overall, the FMCG market sees ongoing change in products available and where they are purchased, both in urban and rural areas. Producers and retailers must therefore keep their eyes on the trends to stay in the game.

Amid a difficult global climate, Vietnam has much to celebrate from its economic and political achievements in 2017. Its economy is ticking along nicely, with handsome macroeconomic results, rising FDI, and a trade surplus. On the political front, it successfully hosted the APEC Summit  and, together with Japan, leads the push to introduce a trade pact that will supercede the TPP. All eyes and hopes are now firmly on 2018.

Vietnam and South Korea have been celebrating the 25th anniversary of diplomatic ties this year. South Korea has proven to be among Vietnam’s most valued partners over the quarter of a century, with rising trade, investment, and support, which are expected to continue well into the future. Similar in cultures, the peoples of the two countries have also established ties that make for a special relationship.

After much planning, the APEC Summit is now upon us. As host, Vietnam has selected four priorities it sees as vital for the bloc’s continued growth and prosperity. Views may differ on the details, but it’s in the interest of all 21 member economies to reach a level of consensus that enables APEC to build upon the successes of the past. All eyes are now on Da Nang. 

The Ministry of Finance's proposai to increase a number of tax rates has raised questions about what effect it will have on the economy, the business community, and consumers. While bridging the budget deficit is clearly the goal, many economists point to Vietnam's chronic overspending as being in more urgent need of repair. As simply a proposal, what the changes may mean is a question looking for an answer, but the overall response has been less than enthusiastic.

The potential of Vietnam's tourism sector has been spoken of for some time, and while tourism numbers continue to rise and related infrastructure improves almost on a daily basis, there are still many obstacles that put a break of full development. Now considered a key economic sector, greater efforts are being made by all stakeholders to address issues of concern in the sector and reap the benefits.

The advent of social media has been a boon for budding entrepreneurs using the platform to earn either a little extra cash or, in some cases, quite a lot. So much so that tax authorities are now keen to have these vendors register as a business and meet the tax obligations on their earnings. It’s proving a difficult task, however, given the nature of the platform and the ability to remain relatively anonymous. Nonetheless, efforts continue.

January 2020

December 2019

November 2019

Octorber 2019

September 2019

August 2019

July 2019

June 2019

May 2019

April 2019

March 2019

February 2019

January 2019

December 2018

November 2018

Octorber 2018

Vietnam Economic Times is the publication of Vietnam Economic Times group (Thời báo Kinh Tế Việt Nam), offering timely authoritative news as well as insight and opinion on business, finance and politics issues of Vietnam. 

Being one of the leading economic publications in Vietnam, we deeply understand that and thus we are striving hard every day in order to timely provide enterprises with helpful information of new policies and regulations as well as updates of the market fluctuations so that enterprises can make appropriate adjustments in accordance with the economic, political and social situation.

Golden Dragon Award 2018-2019

Supplement April 2018

Golden Dragon Award 2017

Golden Dragon Awards 2014

1. You agree that the use of Magzter.com, the application and its services, are at solely at your own risk. Neither Magzter.com nor its associates nor employees nor third party content providers guarantee that the service will be completely uninterrupted or error-free or foolproof against miscreant activities. Nor do they warranty that you will get the exact results as expected or promised by the website or product.

11. THE SERVICE AND ALL PUBLICATIONS ARE PROVIDED ON AN 'AS IS' AND 'AS AVAILABLE' BASIS. MAGZTER, ITS AFFILIATES, SUPPLIERS, LICENSORS AND AGENTS EXPRESSLY DISCLAIM ALL WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT. WITHOUT LIMITING THE FOREGOING, NEITHER MAGZTER NOR ITS AFFILIATES, SUPPLIERS, LICENSORS OR AGENTS, MAKES ANY WARRANTY THAT (I) THE SERVICE WILL MEET YOUR REQUIREMENTS, (II) THE SERVICE WILL BE UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE, (III) THE INFORMATION THAT MAY BE OBTAINED FROM THE USE OF THE SERVICE OR THAT MAY BE CONTAINED IN THE PUBLICATIONS WILL BE ACCURATE OR RELIABLE, OR (IV) THE QUALITY OF ANY PUBLICATIONS OR THE SERVICE WILL MEET YOUR EXPECTATIONS. YOU ARE SOLELY RESPONSIBLE FOR OBTAINING AND MAINTAINING RELIABLE INTERNET CONNECTIVITY AND YOUR DEVICE. MAGZTER IS NOT RESPONSIBLE FOR YOUR INABILITY TO DOWNLOAD CONTENT. ANY MATERIAL DOWNLOADED OR OTHERWISE OBTAINED THROUGH THE USE OF THE SERVICE IS DONE AT YOUR OWN DISCRETION AND RISK AND YOU WILL BE SOLELY RESPONSIBLE FOR ANY DAMAGE TO YOUR COMPUTER SYSTEM OR MOBILE DEVICE OR LOSS OF DATA THAT RESULTS FROM THE DOWNLOAD OF ANY SUCH MATERIAL. NO ADVICE OR INFORMATION, WHETHER ORAL OR WRITTEN, OBTAINED BY YOU FROM MAGZTER OR THROUGH OR FROM THE SERVICE SHALL CREATE ANY WARRANTY.

2. You will maintain and promptly update that information to keep it true, accurate, current and complete. You are responsible for maintaining the confidentiality of your account and password and for restricting access to your computer, and you agree to accept responsibility for all activities that occur under your account, including the selection and use of all content and services.

2.You will maintain and promptly update that information to keep it true, accurate, current and complete. You are responsible for maintaining the confidentiality of your account and password and for restricting access to your computer, and you agree to accept responsibility for all activities that occur under your account, including the selection and use of all content and services.

3. In no event will Magzter.com or any person or entity or third party involved in the creation, production and distribution of the content on the website and the application be liable in contract or legally for any damages, including and not limited to, direct, indirect, incidental, special, and consequential incurred to you while or on using Magzter.com. By registering on the website or downloading the application, you agree that the provisions mentioned in this section shall apply to all use of and content on the website and the application.

3. Without prior written or authorised permission from Magzter, you should not modify, copy, distribute or sell any content obtained from Magzter as everything published here is the proprietary property of Magzter or its licensors. As such unauthorised use may also violate applicable laws including copyright and trademark laws, Magzter strictly prohibits these and will terminate your access and account if any such illegal activity is proved or detected. You should also stand liable for the damages caused by these unauthorised activities. Except as permitted by the Publication's lawful owner, you acknowledge that you do not acquire any ownership rights by downloading Publications accessed through the Service. Except as explicitly required under copyright law or permitted by the features of the Service you may not modify, reverse engineer, publish, transmit, display, participate in the transfer or sale, create derivative works of, or in any way commercially exploit or provide to a third party the content of the App, the Publications, or any portion of them without the express permission of Magzter and the owner of such content. We do not grant you any licenses, express or implied, to the intellectual property of Magzter or Magzter's licensors.

5. You specifically acknowledge that Magzter.com is not liable for any kind of defamatory or offensive or illegal conduct of other users or third parties or their content and that the risk of injury from the foregoing rests entirely with you.

8. Magzter reserves all rights to monitor the content published and inputted by you for the purpose of determining whether you are compliant with these terms and conditions and other operating rules determined by Magzter. Magzter has the right to take decisions about the content and delete them at its own will.

9. Magzter is a distributor and NOT a publisher of the Publications and so Magzter has no editorial control over the content, including opinions, advice, statements, services, offers etc., that is represented in the magazines. So Magzter will not take responsibility for the accuracy or the reliability for any information or facts provided therein or that is made available through the service, by anyone other than authorised Magzter employees who are acting on their official capacities. Accordingly, we have no editorial control over the Publications. Any opinions, advice, statements, services, offers or other information or content expressed or made available by third parties, including those made in Publications offered by the Service, are those of the respective author(s) or publisher(s) and not of Magzter. Magzter will not be liable for any loss or damage caused by your reliance on information obtained through the Service or from the Publications. The Service may contain links to other Internet sites and third-party resources and Magzter does not assume any responsibility or liability for communications or materials available at such linked sites. These links are provided for your convenience only. You are solely responsible for understanding any terms and conditions that may apply when you visit or place an order through a third-party site.

Details of the objectionable content, including its link on our platform

Download your favorite titles and read them offline, anytime and anywhere

Gift your loved ones with a Magzter Gift Card instantly and give them the freedom to read their favorite magazines and newspapers from thousands of best-selling titles.

Gift your loved ones with a Magzter Gift Card instantly and give them the freedom to read their favorite magazines from thousands of best-selling titles.

Gift your loved ones with a Magzter Gift Card instantly and give them the freedom to read their favorite magazines from {{magCount}} best-selling international titles.

Girish Ramdas is the Co-founder and CEO of Magzter, a New York based startup that has been making waves in the global digital publishing business. Magzter has crossed 80 million users since its inception in 2011 from more than 150+ countries with 1000s of magazines, newspapers and books from more than 4,500 publishers worldwide. He has more than 25 years of experience in cross-platform publishing, including print, mobile, and Web development. During this period, he has co-founded and run three successful start-up businesses. He has enabled magazine companies to go digital and helps them monetize their content across the digital world. Girish's deep industry experience in online, mobile and publishing ecosystems has made him an expert in acquisition, marketing and monetizing digital content across platforms globally.

In the event that you encounter any objectionable content on our platform, we have put in place a grievance redressal policy to address your concerns.

Magzter Inc. (“Company”, “we”, “us” or “our”) knows that you care about how your personal information is used and shared. Please read the following privacy policy (the “Policy”) to learn more about our privacy practices. By visiting any of the websites operated by the Company, and any sub-domains thereof, or using any of our mobile applications and other methods of content distribution (collectively, the “Service”), you acknowledge that you accept the practices and policies outlined in this Policy, and you hereby consent that we will collect, use, and share your information in the following ways.

Magzter Inc. is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 80 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

Magzter is committed to providing a safe and secure platform for our users. Please note that Magzter is merely a platform for publishers to distribute their content. We do not control or endorse the content published on our platform. We cannot be held responsible for the actions of our publishers or their content.

Magzter is not responsible for compensating any party that has suffered damages or incurred costs due to any content, or part of the content, that violates their rights. Magzter is not liable to face any legal action in civil court for any violation of rights caused by any content, or part of the content, that infringes the rights of a third party.

Magzter offers the world’s largest {{allyoucanread}} subscription service called {{gold}} which gives digital readers unlimited access to 8,500+ magazines and newspapers for a monthly subscription price. Magzter also has the largest number of stories in the world with its game-changing ezRead 2.0 feature for its apps, which enables smartphone and small-screen mobile users to enjoy magazine content the way it was meant to be enjoyed, with article text that is easy to read and is accompanied by stunning videos and high resolution photography.

Magzter offers the world’s largest “All-You-Can-Read” subscription service called Magzter GOLD which gives digital readers unlimited access to 8,500+ magazines and newspapers for a monthly subscription price. Magzter also has the largest number of stories in the world with its game-changing ezRead 2.0 feature for its apps, which enables smartphone and small-screen mobile users to enjoy magazine content the way it was meant to be enjoyed, with article text that is easy to read and is accompanied by stunning videos and high resolution photography.

Name

Note: This will only share the cover and the publication information, but not the content.

Please fill out this form if you need any help regarding publishing your content on Magzter

Prior to Magzter, he was the President of Dot Com Infoway (DCI) and Galatta Media. His duties included strategic marketing, partnership development, and monetizing content globally. DCI grew from a small team of 3 in 2000 to 300 by 2011 and was dealing with web, software and app development for clients globally.

Since we launched, Magzter has been committed to partnering with global organizations to provide the greatest possible newsstand technology & service to our customers. Whether you are looking to offer magazine subscriptions to your customer database or just want to learn more, Magzter is committed to helping your business grow. To find out more, please fill out the questionnaire below:

The DMCA allows us to restore the removed content if the party filing the original DMCA Notice does not file a court action against you within ten business days of receiving the copy of your Counter Notice.

This Policy covers Company’s treatment of personally identifiable information (“Personal Information”) and other information about you and your computer or device that Company gathers when you are accessing the Service. We may collect Personal Information from you, as explained in more detail below, and we use this Personal Information internally in connection with our Services, including to personalize, provide, and improve our products, services, content, and advertising, and to allow you to set up a user account and profile, to contact you, to fulfill your requests for certain products and services, and to analyze how you use the Services. In certain cases, we may also share some Personal Information with third parties, but only as described in point 4.

This title is included with your Magzter GOLD subscription

To analyze the quality of content and provide appropriate feedback to publishers

We have designated a Grievance Officer to address any complaints related to objectionable content.

We request that any complaint related to objectionable content be sent to the Grievance Officer through email to the above-mentioned email address. We also request that you provide the following details when making a complaint:

and the App that provides you the capability to order, subscribe to and receive the delivery of various magazines, books, news and magazine and publication related content (collectively known as 'Publications') and to have these digital versions of the Publications delivered to you

c. We also collect information associated with your use of the application in order to make personalized recommendations. If you provide your third-party account credentials to us, you understand some content and/or information in those accounts (“Third Party Account Information”) may be transmitted into your account with us if you authorize such transmissions, and that Third Party Account Information transmitted to the Service is covered by this Policy.

f. The Personal Information we collect allows us to respond to your requests, improve our products and services, customize the advertising and content you see, and communicate with you about new products.

is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

n. We will also use usage information in order to ensure users adhere to our Terms of Use. For example, a user’s usage information will help us confirm that a user only downloads a magazine or other content a permitted number of times or to a permitted number of devices.

which gives digital readers unlimited access to 8,500+ magazines and newspapers for a monthly subscription price. Magzter also has the largest number of stories in the world with its game-changing ezRead 2.0 feature for its apps, which enables smartphone and small-screen mobile users to enjoy magazine content the way it was meant to be enjoyed, with article text that is easy to read and is accompanied by stunning videos and high resolution photography.

{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

Vietnam Economic Times Magazine - January 2020

Vietnam Economic Times Magazine - January 2020

In this issue

Vietnam Economic Times Magazine Description: