[News from Member] Vietnam Economic News Recap – January 2024

With the dawn of the new year, Grant Thornton Vietnam is excited to introduce the 2024 series of the “Economic News Recap” publication, covering the essential macro-economic headlines in Vietnam each month throughout the year, starting with the January report.

In this release, we summarized some of the most important news and stories in January 2024, including:

  1. Positive projections for Vietnam’s economic growth in 2024;
  2. Emerging challenges for Vietnam’s exports;
  3. Report on Vietnam’s industrial property market in 2023;

and more to be discovered in our publication.

Please kindly find the publication in the attachment. We hope our publication will be of good value to you.

Please find report here: https://drive.google.com/file/d/1n4jBgcD0LB5IlH_h7s-Igk7JIB5oH1LZ/view?usp=sharing

𝐑𝐞𝐜𝐚𝐩 𝐨𝐟 𝐭𝐡𝐞 𝐮𝐧𝐟𝐨𝐫𝐠𝐞𝐭𝐭𝐚𝐛𝐥𝐞 𝐁𝐞𝐋𝐮𝐱𝐂𝐡𝐚𝐦 𝐆𝐚𝐥𝐚 𝐍𝐢𝐠𝐡𝐭 & 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐀𝐰𝐚𝐫𝐝𝐬 𝟐𝟎𝟐𝟑!

We had the honor of hosting an exceptional evening of “𝐁𝐞𝐋𝐮𝐱𝐂𝐡𝐚𝐦 𝐆𝐚𝐥𝐚 𝐍𝐢𝐠𝐡𝐭 & 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐀𝐰𝐚𝐫𝐝𝐬 𝟐𝟎𝟐𝟑”, in collaboration with Embassy of Belgium in Vietnam. The occasion marked the commemoration of 50 years of diplomatic relations between Vietnam and Belgium, and the celebration of 20 years BeLuxCham Vietnam, highlighting exceptional achievements in excellence, dedication, and successes of our members. From recognizing outstanding businesses to fundraising for a meaningful cause, it was an evening we will not easily forget!

🎊 The night kicked off with a warm welcome from our host, Dory Pham, and a toast to the ongoing success of bilateral relations between Belgium and Vietnam, as well as the future initiatives of BeLuxCham.

✨Throughout the event, BeLuxCham launched a groundbreaking program focusing on Awareness and Visibility of Mental Health in Vietnam. This initiative’s aim is to shed light on the significance of mental well-being. BeLuxCham will serve as a platform to advocate and draw attention to mental health, supporting UNICEF Viet Nam – Quỹ Nhi Đồng Liên Hợp Quốc and Trạm tâm lý Tâm Nhung (Tam Nhung Social Enterprise) in connecting with the business community and involving individuals in the campaign.

🏆 Furthermore, we were delighted to announce the winners of our prestigious BeLuxCham Business Awards, to which outstanding Belgian and Vietnamese businesses were acknowledged for their exceptional contributions to bilateral relations, trade, and investment activities. Congratulations to all the well-deserved winners!

🎶 The evening was filled with celebrations, laughter and joy, including a live auction featuring exquisite items, all in support of a greater cause: Tam Nhung Social Enterprise. The generosity and enthusiastic participation of our guests made it a resounding success.

🎼 The night concluded with a live band, allowing everyone to unwind, dance and enjoy the company of fellow members and distinguished guests.

We want to thank all our guests, sponsors, and partners for contributing to an amazing evening. Here’s to many more years of nurturing strong ties and creating impactful moments together!


Recap Day 2 Breakout sessions “ESG: Evolving to the Next Level” – Afternoon

Exactly one week ago, in the afternoon of December 1st, BeLuxCham had its last 4 breakout sessions of its biggest #esgconference ever.

#transparency and #disclosure, moderated by the Vice-Chairman of EuroCham Vietnam, brought together speakers of Vietnam Chamber of Commerce and Industry VCCI HCMC Branch, who discussed how Vietnamese companies are tackling the lack of transparency on #esgdata, followed by PNJ‘s example on how they apply ESG and #dataprotection, and Fair Finance Vietnam who presented the initial progress towards #sustainability through disclosure of #ESGcommitments in the banking sector.

#greenhousegasemissionsreduction, moderated by BeluxCham Vietnam’s Chairman, discussed #greenlogisitics with ITL (In Do Trans Logistics Corporation), the practical approach of #carbonemissionsreduction across buildings by Teraoasia, and ERM provided an overview of what it means on a corporate level.

#diversityandinclusion discussed the #genderwagegap and #paternityleave by Women In Business SC of EuroCham Vietnam, #diversityandinclusion in child’s rights and business by UNICEF Viet Nam – Quỹ Nhi Đồng Liên Hợp Quốc, how to leverage the #womenleaders in business network to promote D&I in Vietnam by HAWEE – Hội Nữ Doanh Nhân HCM, and gave clear examples on how Merck Vietnam fosters #diversity, #equality, and #diversion.

#leadershipdevelopment discussed the fact that #leading has different angles: your business, others and yourself, that #resilience is a key skill in today’s world, that #feedback has to happen on a regular basis, and that #leadershipdevelopment is #relevant for all and should not be mixed up with career development. The active discussion was moderated by Televic Conference‘s APAC Business Development Director, who gave the floor to DEEP C Industrial Zones – Khu công nghiệp DEEP C’s CEO, Starbucks Vietnam’s GM, BOSCH VIET NAM‘s Managing Director, and Managing Director of Dynamic Consulting Co., Ltd

#ESG#ESGconference#20yearsBeLuxCham#50yearsBelgiumVietnam#innovation#sustainability #childrenareourfuture #makingadifference #strongertogether

Recap Day 2 Breakout sessions “ESG: Evolving to the Next Level”

On the morning of December 1st, BeluxCham Vietnam continued its #esgconference with another 4 breakout sessions going on simultaneously, #engaging and #interacting with participants on specific topics related to the E, the S and the G.

#circulareconomy, moderated by the Sustainability Strategist and Advisor of Ameln & CO., brought together speakers of CL2B, who presented #challengesandopportunities in establishing #circularsystems in Vietnam, followed by #casestudies regarding #sustainablepackaging by HRK Group, and a #collaboration example of which De Heus Vietnam, Heineken Vietnam, and Entobel each showed how they apply #sustainability and #circulareconomy within their companies and the collaboration between them.

Throughout the workshop of Christa Stienen on #humancapitalmanagement, she showed and discussed the #HRlifecycle with the participants and engaged them, together with the Chairman of BeluxCham Vietnam as moderator, in clear examples how to #apply and #implement the S in ESG within their company.

#corporategovernance brought together speakers of Solvay Brussels School of Economics and Management – Vietnam, Puratos Grand-Place Vietnam, Grant Thornton Vietnam & Thailand and The Purpose Business, who discussed together with EuroCham Vietnam‘s board member as moderator, the #roleofboard in the #integration of ESG, the power of #effective governance, #impact weighted value review, and #purpose as the answer to good governance.

#innovationinhealthcare discussed new #innovativesolutions in Vietnam and what the Vietnamese market needs to continue its #innovativejourney. Case studies were presented by GSK, B Medical Systems, Oxford University Clinical Research Unit – OUCRU and Hanh Phuc International Hospital, moderated by BeluxCham Vietnam’s board member.

#ESG#ESGconference#20yearsBeLuxCham#50yearsBelgiumVietnam#innovation#sustainability #childrenareourfuture #makingadifference #strongertogether

Recap Day 1 Breakout sessions “ESG: Evolving to the Next Level”

On the afternoon of November 30th, the conference continued with 4 breakout sessions going on simultaneously, and focusing on specific topics related to the E, the S and the G.

#sustainableagriculture brought together speakers of TDL Solutions, DRD Vietnam (Disability Research and Capacity Development Center), Ngồi Cafe Workspace, and Buy By Heart to discuss a complete integrated #ecosystem in #agriculture and share their #sustainable#partnership model in #impactfulbusiness, moderated by DEEP C Industrial Zones – Khu công nghiệp DEEP C‘s Head of Sustainability and Environment.

#labormanagement and #development presented by Ipsos, Raise Partners, and Pizza 4P’s ‘s discussed, together with the Country HR Manager of Pierre Fabre Group as moderator, how to improve #workforcedevelopment in the #supplychain through ESG, what are the Vietnamese sentiments and impacts on labor management, and Pizza 4P’s presented a case study on how they develop #modelleadership.

#Industry40 brought clear examples of #digitalization by FPT Digital which introduced the audience to #DESG, how #evcharger can accelerate the ESG journey by EBOOST, and clear examples of #digitalization and #sustainability through #façadeengineering were brought by Van Aelst – Nguyen & Partners Architecture Consulting, moderated by BeluxCham Vietnam’s board member.

#mentalhealthintheworkforce engaged their audience with #interactive#awareness exercises on #emotionalintelligene and providing clear #casestudies from ESI Institute, UNICEF Viet Nam – Quỹ Nhi Đồng Liên Hợp Quốc, @Viet Ideas and Care & Training Center, and Trạm tâm lý Tâm Nhung (Tam Nhung Social Enterprise).

#ESG#ESGconference#20yearsBeLuxCham#50yearsBelgiumVietnam#innovation#sustainability#childrenareourfuture #makingadifference #strongertogether