The Vietnam Association of Small and Medium Enterprises (VINASME) held a workshop in Prague on February 17 to help businesses in the Czech Republic learn firsthand about Vietnam’s business climate.
A view of the workshop between the Vietnam Association of Small and Medium Enterprises and Czech businesses. (Photo: VNA)
Prague (VNA) – The Vietnam Association of Small and Medium Enterprises (VINASME) hel🔯d a workshop in Prague on February 17 to help businesses in the ♛Czech Republic learn firsthand about Vietnam’s business climate.
Present at the event were 40 representatives from Czech business associations and enterprises.
Speaking at the workshop, VINASME Vice President and Secretary-General To Hoai Nam briefed attendees on SMEs in Vietnam. The country is home to about half a million micro, small and medium-sized enterprises which contribute to 50 percent of the economy’s investment, 45 percent of GDP and 30 percent of tax payment, he said.
The enterprises offered employment opportunities for close to 10 million full-time and about 2 million seasonal workers, Nam added.
The vice president also responded to inquiries from Czech participants about Vietnam’s policy on foreign investment attraction, prioritised industries, transparency in procedures for the grant of investment license and financial capability of local SMEs.
Attended Czech firms showed their interest in Vietnam’s market, particularly opportunities for exports.
On the occasion, Nam inked deals with vice president of the Czech association for SMEs Jiri Bellinger, president of the Czech-Vietnam association for industry and trade Vaclav Aubrecht, Director of marketing agency Finley Ondrej Nadvornik.-VNA
Vietnam-Czech Republic business forum opened in Prague on September 12 aiming to create opportunities for Vietnamese firms to meet and discuss business and investment cooperation with their Czech counterparts.
Measures to gain Vietnamese products’ foothold in the Czech Republic have been put forth during a visit to the European country by VASME Vice President and General Secretary To Hoai Nam.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
A view of the workshop between the Vietnam Association of Small and Medium Enterprises and Czech businesses. (Photo: VNA)
