HCM CITY – Việt Nam’s digital economy is projected to grow fastest in Southeast Asia, reaching US$50 billion by 2025, a report said. The boom in e-commerce has accelerated the country’s digital transformation of businesses in logistics, delivery, tourism, finance, media, and entertainment. Online payment systems like e-wallets, e-transaction gates and e-banking have also developed speedily following a surge in online services, with 61 per cent of online purchases used cashless payments last year. But digital transition does face challenges due to underdeveloped digital infrastructure, especially the lack of a standardised, synchronised national database. To tackle these problems, HCM City has laid out a plan for “Developing digital economy, sharing economy, and circular economy” that encourages enterprises to adopt technology and new operational methods to create sustainable goods and services, its People’s Committee said.

HÀ NỘI — The Ministry of Information and Communications (MIC) and the Việt Nam Chamber of Commerce and Industry (VCCI) held a press conference to announce and launch the "Make in Việt Nam Digital Technology Product" Awards 2023 in Hà Nội on Wednesday. The Deputy Minister also said that over the years, Vietnamese digital technology enterprises had developed many digital platforms and digital service applications. Especially, this year is the year that MIC accompanies digital technology enterprises to go abroad. It is committed to accompanying digital technology businesses, especially award-winning ones, to bring these digital products to a wider market and go further. They aim to honour excellent digital technology products that have a great impact in bringing people and businesses' activities to the digital environment, contributing to promoting the digital government, digital economy and digital society in Việt Nam.

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With 2,443 AIA Hong Kong financial planners attaining MDRT qualification, it also marks the Company's 21year leading the industry in Hong Kong. Alger Fung, Chief Executive Officer of AIA Hong Kong & Macau, said, "AIA Hong Kong fully commits in grooming financial planners and spares no expense in resources to keep enhancing their professionalism. About AIA Hong Kong & MacauAIA Group Limited established its operations in Hong Kong in 1931. To date, AIA Hong Kong and AIA Macau have close to 18,000 financial planners1, as well as an extensive network of independent financial advisors, brokerage and bancassurance partners. (1) Hong Kong SAR refers to the Hong Kong Special Administrative Region.

Concretely, the transport sector carried over 2.17 billion passengers and about 1.1 billion tons of goods in the reviewed period. The two figures both recorded an increase of nearly 16% year-on-year, according to a report by the Ministry of Transport. Some international routes have gradually recovered to the pre-pandemic level. The Ministry of Transport has also implemented various solutions to reduce flight delays and cancellations, and better the quality of air transportation services. In the January – June period, the Ministry of Transport continued to adjust and supplement the detailed list of fixed interprovincial passenger transport routes nationwide, with a focus on the direction towards 2030.

The first ever Miss Tourism Business Vietnam is a prestigious beauty contest dedicated to successful businesswomen living and working in Vietnam aged between 25 and 55. In his opening remarks, DAV Deputy Director Dr Nguyễn Hùng Sơn said that hybrid activities are not a new phenomenon. Besides, international cooperation is also the key for countries to coordinate actions to better manage hybrid activities, delegates noted. In his opening remarks, DAV Deputy Director Dr Nguyen Hung Son said that hybrid activities are not a new phenomenon in the world. Besides, international cooperation is also the key for countries to coordinate actions to better manage hybrid activities, delegates noted.

The overlapping and bordering water areas are abundant in aquatic resources, making them attractive for fishing vessels that engage in illegal activities. As a result of these efforts, between 2017 and now, we have recorded a total of 228 fishing vessels involved in various violations. The most common violations committed by fishing vessels include the absence of fishing logs, fishing in unauthorised waters not specified on their licences, lack of cruise monitoring devices, and fishing without proper licences. Could you explain the situation of Vietnamese fishing vessels in the seas bordering and overlapping with Indonesia and Malaysia? These fishing boats are often old, and when caught, the ship owners are willing to abandon them to avoid penalties.

Automobile sales of members of the Vietnam Automobile Manufacturers Association increase by 15% from the previous month. (Photo: VNA)Hanoi (VNA) – Members of the Vietnam Automobile Manufacturers Association (VAMA) sold 23,800 vehicles in June, up 15% from the previous month, VAMA announced on July 12. Of the sold vehicles, there were 17,334 passenger cars, up 20%; 6,344 commercial vehicles, up 4%; and 122 special-use vehicles, a drop of 17% compared to the previous month. Meanwhile, Thanh Cong Group (TC Group) on July 12 announced its sales of 5,108 Hyundai automobiles in June, which brought its six-month sale to 28,011 units. VinFast VF7 (Photo: VNA)In addition, VinFast reported that it handed 2,660 electric cars over to customers in June.

Vietnam’s Trade & Investment With The European Union Following The 2020 EVFTAIt has been nearly three years since Vietnam and the European Union signed the EVFTA. Since the EU-Vietnam Free Trade Agreement (EVFTA) came into effect in August 2020, trade and investment from Europe has boomed. FranceFrance is now among the largest EU trade partners of Vietnam, and the fourth largest EU export market to the latter. Vietnam currently has four investment projects in Spain with a total capital of more than US$64 million(28). PortugalBilateral trade US$640 million in 2021; US$100 million Portugal into Vietnam (54/210); US$540 Vietnam into Portugal (47/147).

The silver medal went to Nguyen Tien Loc, a 11th grader of the High School for Gifted Students of the University of Natural Sciences under the Vietnam National University, Hanoi. France is now the biggest bilateral donor in Europe for Vietnam while Vietnam is the second largest recipient of French ODA capital. The catwalk will feature Miss Universe Vietnam 2018 H'Hen Niê along with other models and pageant contestants. Leveraging the knowledge gained from the application of payment mechanisms for forest environmental services, Vietnam now sets its sight on extending this model to a variety of other ecosystems, such as marine and wetland environments, said Ha. In the first event, the Vietnamese National Sepaktakraw team won a silver medal in the men's hoop event and a bronze medal in the women's hoop event.

The Vietnamese Embassy in Israel, in collaboration with the Israel-Asia Chamber of Commerce, hold a ceremony on March 22, 2022 to inaugurate the Israel-Vietnam Chamber of Commerce. (Photo:VNA)Israeli Ambassador to Vietnam Yaron Mayer (Photo: tuoitre.vn)VNAThe upcoming signing of a free trade agreement (FTA) between Vietnam and Israel will be a great achievement, opening up bilateral trade and investment cooperation opportunities , Israeli Ambassador to Vietnam Yaron Mayer has said.In a recent interview granted to the Vietnam News Agency on the occasion of the 30th founding anniversary of diplomatic ties between the two countries (July 12, 1993-2023), the Israeli diplomat affirmed that the agreement will help bolster the bilateral relations.He highlighted the fruitful development of bilateral relations across fields, especially in trade, agriculture and education.Economic cooperation serves as a bridge to help Israel access Asia and Vietnam reach the Middle East market, he noted.Regarding agriculture cooperation, Israel and Vietnam have worked together to develop many new ideas and technologies that are suitable for Vietnam’s agriculture development through training programmes, the diplomat said, adding that thousands of Vietnamese students have been trained in Israel over the last 15 years.Mayer underlined the need for the two countries to further promote cooperation in education and training, saying that Israel wishes to contribute to Vietnam’s development through education-training cooperation, especially innovation.Israel has had specific cooperation projects with institutes and academies, universities, and agencies of the Vietnamese Government to develop and encourage training programmes for young people, he said.The diplomat also touched upon other potential fields that the two sides can expand cooperation, including climate change adaptation, clean energy, and green agriculture, adding that Israel has many new technologies and start-ups that are focusing on these industries.He emphasised the necessity to enhance the exchange of business delegations to learn experience and seek cooperation opportunities.The Israeli government and Embassy always create favourable conditions for enterprises of the two countries to strengthen trade and investment bonds, he affirmed.Vietnam and Israel have exchanged delegations to share experience in aquaculture, cyber security, and drainage; and worked together to develop ideas, Mayer said.Israeli investors have realised that Vietnam is an ideal destination for building factories and receiving technologies, while Vietnamese enterprises see Israel as a potential market for the pharmaceutical industry, high technology and others, he said.In the near future, the two-way trade is likely to exceed 2 billion USD, he noted.According to the diplomat, the two countries need to further enhance culture and people-to-people exchange, revealing that his country has planned to organise a concert in Vietnam later this year as one of the activities to celebrate the 30th anniversary of Vietnam – Israel diplomatic ties./.

A pharmacy in Vietnam (Photo: VNA)– A delegation of pharmaceutical companies from the Republic of Korea (RoK) has visited Vietnam to seek chances for strengthening business partnerships, according to the Korea Pharmaceutical and Bio-Pharma Manufacturers Association (KPBMA).The fact-finding trip from July 5 to 8, following a State visit to Vietnam by the RoK’s President Yoon Suk Yeol in late June, was considered a demonstration of efforts by both the private and state sectors of the RoK to enter the Vietnamese market in the biopharmaceutical industry.With a plan approved during President Yoon’s visit to substantively implement the two countries’ comprehensive strategic partnership, bilateral cooperation in the biopharmaceutical industry is expected to expand, KPBMA said.On July 6, KPBMA, the RoK’s Ministry of Food and Drug Safety, and the Drug Administration of Vietnam held a workshop on cooperation in the pharmaceutical sector, attracting the participation of about 100 experts and officials.At another meeting the same day, Korean firms operating in Vietnam expressed their hope for more opportunities to discuss with regulatory agencies and businesses in the industry in emerging markets.Kang Seok-yeon, Director-General for the ministry’s Pharmaceutical Safety Bureau, said they hope the obstacles to businesses’ entry into the Vietnamese market will be resolved through the project currently pursued by the RoK’s Ministry of Health and Welfare, and that via the two Governments’ close cooperation, they will strive to address difficulties facing the industry.KPBMA Vice Chairman Jang Byung-won said that Vietnam has a highly potential pharmaceutical market that can become a bridge for companies of the RoK to enter the ASEAN market. They welcome efforts by the RoK’s Ministry of Food and Drug Safety to contact with drug regulatory agencies of Vietnam.Vietnam’s pharmaceutical market was estimated at about 8.2 billion USD as of 2022. It is forecast to grow 11% annually due to people’s increasing attention to health and multinationals’ strong investment, data of the Vietnam Industry Research and Consultancy (VIRAC) show.Together with the growth potential, Vietnam is also considered a gateway to ASEAN, so it has attracted attention from many Korean businesses./.

HCM CITY — A latte art contest, National LAGS Battle - Việt Nam Arena, will be organised on July 30 this year in HCM City by Barista School. The prestigious event, which is held in partnership with the renowned Latte Art Grading System (LAGS), will feature three levels of competition: green grading, red grading, and black grading. By adhering to international mixology qualification standards, the contest aims to provide baristas with international certification while scouting for Vietnamese talents for participation in the global tournament, The World Latte Art Grading Battle (WLAGS), held biennially. At these workshops, aspiring baristas and coffee enthusiasts will have the unique opportunity to experience the art of creating stunning latte art, compete amongst themselves, and receive evaluations from former latte art champions. These scholarships will enable young individuals to obtain international qualifications easily and provide numerous opportunities to participate in annual Latte art competitions.

HÀ NỘI — Seafood exporters will start to record improved profits in the second half of 2023 thanks to lower costs, including lower input prices and reduced transportation costs. The average price of aqua feed peaked in May 2023 at VNĐ14,900 per kg and feed companies only started reducing the price from June 2023. With the ships and containers being oversupplied, Việt Nam's seafood exports to Western countries will be more positive in 2023. In 2024, SSI expects that net income and net profit will increase sharply. However, inflation in many markets has not shown any signs of cooling down, which inhibits the recovery of their seafood consumption and import demand.

Business Vietnam grabs attention of pharmaceutical companies from RoK A delegation of pharmaceutical companies from the Republic of Korea (RoK) has visited Vietnam to seek chances for strengthening business partnerships, according to the Korea Pharmaceutical and Bio-Pharma Manufacturers Association (KPBMA). Business Vietravel Airlines to receive fifth aircraft Vietravel Airlines, a member of Vietravel Corporation, will receive and put into use its fifth aircraft in mid-August, and further expand its fleet to six within this year, according to the airline’s representative. Business Petrol prices see mixed changes, oil prices up The retail prices of RON 95 petrol and all oil products increased in the latest adjustment on July 11 by the Ministry of Industry and Trade and the Ministry of Finance. Business Experts give recommendations to boost economic growth in new context Experts gave recommendations to restore aggregate demand and promote growth in the new context at the mid-year macro-economic roundtable in Hanoi on July 11.