Measures needed to help SMEs tap ASEAN market: seminar
The over 600-million-person ASEAN market has lagged behind, said Nguyễn Hữu Nam, deputy director of VCCI. To tap the ASEAN market, Nam and other experts told the seminar that companies must study and implement digital transformation and net zero, as well as food hygiene. Only 39 per cent of the ASEAN market has been exploited. Among these measures, the ASEAN Trade in Services Agreement (ATISA) is considered an important driving force to boost intra-ASEAN trade. In recent years, Việt Nam has made significant progress in regional and international economic integration.
Source:Viet Nam News
December 09, 2023 03:59 UTC
Insurance industry gains growth despite economic slowdown
HÀ NỘI — Despite facing many difficulties due to economic slowdown in 2023, Việt Nam’s insurance market has still reported positive growth and the trend is forecast to continue in the near future. The insurance market currently has 82 insurance enterprises, including 31 non-life insurance enterprises, 19 life insurance enterprises, 2 reinsurance enterprises, 29 insurance brokerage enterprises, and 1 branch of a foreign non-life insurance enterprise. Insurance has been so far protecting assets of all economic sectors and industries with diverse types, such as property damage insurance, aviation insurance, maritime insurance, credit insurance, agricultural insurance and fisheries insurance. Besides, Việt Nam's insurance market is also considered to have much room for development. Insurers should also promote agricultural insurance products; risk insurance products for natural disasters and newly arising risks through the insurance risk fund mechanism; green insurance; and insurance products on network security and transactions in cyberspace.
Source:Viet Nam News
December 08, 2023 17:09 UTC
Thùy Linh expected to earn ticket to Paris Olympics
BadmintonHÀ NỘI — Nguyễn Thùy Linh, the top female badminton player from Việt Nam, is expected to secure a spot at the Paris Olympics 2024. With her recent accomplishments, Linh has a high likelihood of participating in the 2024 Paris Olympics. The badminton singles event at the 2024 Paris Olympics consists of 38 spots for both men and women. She consecutively won the Việt Nam International Challenge 2023 and Việt Nam Open 2023 tournaments, secured the second position at the Thailand International Challenge 2023, and attained fifth place at the China Masters 2023, Arctic Open 2023, US Open 2023, and Canadian Open 2023. If Linh qualifies and participates in the Paris 2024 Olympics, it will mark the second time Linh represents Việt Nam at the Olympic Games.
Source:Viet Nam News
December 08, 2023 13:12 UTC
VIETNAM NEWS HEADLINES DECEMBER 8/2023
An exhibition spotlighting Vietnamese journalism’s development, digital transformation and international cooperation was held within the framework of the workshop. The event drew the participation of delegates from the Confederation of ASEAN Journalists who discussed and shared measures to promote digital transformation in Vietnam and the region. This is an important prerequisite helping enhance trust and cooperation between Vietnam and people, politicians, and leaders of other countries and international organisations. Ha said Vietnam has incentives to attract investors into the fields of environmental protection, renewable energy, green transition, and digital transformation. The second suggestion was accelerating digital transformation through policy dialogues on digital economy and cybersecurity.
Source:Viet Nam News
December 08, 2023 11:25 UTC
Indonesia greenlights TikTok’s collaboration with GoTo
This represents a shift in the government's stance, which had previously imposed a ban on TikTok Shop, TikTok's e-commerce arm, due to concerns about predatory pricing negatively impacting local micro, small, and medium enterprises (MSMEs). Indonesia has imposed a ban on social media companies venturing into e-commerce or social commerce. TikTok Shop faced restrictions as the government aims to maintain the balance between online trading and traditional offline market activities to safeguard local businesses. The minister clarified that collaboration with foreign industries is permissible. The government remains committed to supporting the empowerment of MSMEs and local e-commerce entities, with a focus on enhancing consumer protection./.
Source:Viet Nam News
December 08, 2023 10:26 UTC
Indonesia’s economic growth predicted to reach 4.8% in 2024: Economist
World Malaysia plans new wage scheme for low-income workers The Malaysian government will introduce a new programme to raise wages for low-income workers as the Southeast Asian country is grappling with rising living costs and growing inequality. World Lao traditional weaving inscribed as UNESCO Intangible Cultural Heritage The United Nations Educational Scientific and Cultural Organisation (UNESCO) has recently inscribed Lao traditional Naga motif weaving as Intangible Cultural Heritage of Humanity. World CLV Parliamentary Summit forms foundation for stronger trilateral relations: high-ranking legislor The successful organisation of the first Cambodia-Laos-Vietnam (CLV) Parliamentary Summit has created a solid foundation for the continued enhancement of the sound relations among the three Indochinese countries, Vice Chairwoman of the Lao National Assembly (NA) Sounthone Xayachak has stated. World Thailand priorities digital gap reduction Thailand’s National Broadcasting and Telecommunications Commission (NBTC) has announced plans to increase Internet connectivity for impoverished communities in Bangkok.
Source:Viet Nam News
December 07, 2023 10:30 UTC
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Việt Nam needs a "captain" for tourism communication
However, the tourism industry needs a "captain" for communication to ensure sustainable development. Việt Nam News spoke to the Chairman of the Việt Nam Tourism Association Vũ Thế Bình, who has worked in the smokeless industry for over 50 years on this issue. Thus, Việt Nam needs to advertise its tourism policies. How do you evaluate the tourism communication in Việt Nam? There is a view that the tourism communication work of Việt Nam is lagging despite being ahead of the curve or being predictive.
Source:Viet Nam News
December 07, 2023 07:13 UTC
Việt Nam should embrace technological advancement to promote economic growth: VEP forum
The forum highlighted the importance of science, technology and innovation for middle-income countries like Việt Nam. The participants of this forum discussed directions suitable for Việt Nam’s potential capacity to take advantage of science and technology in economic development. On the other hand, geopolitical tensions and increasing technical barriers in Việt Nam's important export markets relating to green products and green production have posed significant challenges for Việt Nam's economy in 2023 and the following years. However, CIEM's research team also pointed out several difficulties and obstacles affecting Việt Nam's economic growth in 2023. Launched in 2021 by the Ministry of Planning and Investment and UNDP, the Việt Nam Economic Pulse Forum is an annual event designed to create a new, informal platform for discussing Việt Nam’s economic situation and development policy.
Source:Viet Nam News
December 07, 2023 07:12 UTC
VIETNAM NEWS HEADLINES DECEMBER 7/2023
According to a report from the HCM City Health Department, nearly 65 per cent of cases treated in the HCM City hospitals come from other provinces. In HCM City alone, there have been 44,467 cases of hand-foot-mouth disease, or 35.7 per cent of the total. HCM City needs to expand and diversify the labour export market, targeting high-income markets with demand for high-quality workers, Cuong said. Futsal HCM City Open offers high prizes to participantsThe International Futsal HCM City Open will be held between December 23 and 29 with the champions walking away with US$5,000. Photo exhibition features Southern culture, artsA special photo exhibition featuring Southern culture and arts is attracting visitors in HCM City.
Source:Viet Nam News
December 07, 2023 05:29 UTC
Malaysia targets tourist arrivals surpassing pre-pandemic level
Illustrative image (Photo: https://www.dailyexpress.com.my/)Malaysia is targeting tourist arrival s exceeding the pre-COVID-19 level in 2024 amid better flight connectivity and a higher number of potential visitors from China and India, according to deputy director-general in charge of tourism promotion Musa Yusof.Addressing a tourism forum in Kuala Lumpur, Yusof said tourism arrivals in 2024 is expected to be higher than the 26.1-million seen in 2019.Malaysia's tourism target does not take into account visitors who typically enter the country via land borders.The Southeast Asian nation recently announced a 30-day visa exemption for travelers from China and India starting December 1, which is hoped to boost tourism revenue.It has witnessed an upswing in visitors this year, prompting the government to revise its 2023 year-end tourism target to 19.1 million arrivals from 16.1 million.According to the Bank Negara Malaysia (BNM), tourism industry contributed 14% to the country’s gross domestic product in 2022, making it one of the largest contributors to the economy./.
Source:Viet Nam News
December 07, 2023 04:45 UTC
Igloo closes $36m Pre-Series C funding round, poised for further expansion in Việt Nam
Openspace and La Maison, who previously participated in Igloo's Series B and Series B+ fundraises, also joined in, reaffirming their confidence in the company's strong business fundamentals. This latest round comes just 10 months after Igloo’s previous Series B+ fundraise led by BlueOrchard-managed InsuResilience Investment Fund II. Notably, Igloo’s Pre-Series C round closed at an increased valuation of 50 per cent from its Series B+ round in 2022, as the company moves closer to profitability in 2024. Igloo’s offerings include Ignite by Igloo, a digital platform that enhances the productivity of sales intermediaries in Việt Nam and Indonesia. The product has drawn interest from partners in Việt Nam and across Southeast Asia for its potential to greatly benefit the agricultural sector.
Source:Viet Nam News
December 06, 2023 11:03 UTC
VIETNAM NEWS HEADLINES DECEMBER 6/2023
National Assembly Chairman Vuong Dinh Hue attended and delivered a speech at the plenary session of the first Cambodia – Laos – Vietnam (CLV) Parliamentary Summit which opened in Vientiane on December 5. Regarding politics-foreign affairs, he suggested they join hands to preserve, nurture, and enhance the strategic values of the Cambodia – Laos – Vietnam traditional friendship and special solidarity. At the event, the three top legislators said that the establishment of the summit contributes to deepening the friendship, solidarity and comprehensive cooperation among Vietnam, Laos, and Cambodia. This aims to facilitate socio-economic development in the CLV development triangle area. At the session, the Vietnamese side stated that peacekeeping cooperation between Vietnam and European countries, especially France, has seen positive developments.
Source:Viet Nam News
December 06, 2023 05:21 UTC
MoIT strengthens connections to consume OCOP products
HÀ NỘI — The Ministry of Industry and Trade (MoIT) held a conference in Hà Nội on Tuesday connecting OCOP products to strengthen trade promotion and consumption. The ministry has built a database on OCOP products and a system of points introducing and selling products nationwide on the website https://sanphamvungmien.vn. The ministry has promoted communication, propaganda and promotion activities and built images and brands for OCOP products and sales points of those products. The number of OCOP products is increasing with good quality and clear origins. After more than five years of implementation, Việt Nam now has 10,322 OCOP products in all 63 provinces and cities, including 67.3 per cent being three-star products and 31.2 per cent being four-star products.
Source:Viet Nam News
December 06, 2023 02:21 UTC
Vietnam welcomes more than 1.23 million int’l tourists
Vietnam welcomes more than 1.23 million int’l touristsVietnam welcomed more than 1.23 million international tourists in November, an 11% increase month-on-month and a record monthly figure in 2023. The country therefore welcomed 11.2 million foreign arrivals in the first 11 months of the year.
Source:Viet Nam News
December 06, 2023 01:09 UTC
India's DGTR reveals details on trade investigation Vietnamese steel
HÀ NỘI — In a recent development, the Directorate General of Trade Remedies (DGTR) in India has revealed details about its investigation into the sunset review of countervailing duties imposed on stainless steel welded pipes originating from Việt Nam and China. According to information received by the Ministry of Industry and Trade's Trade Remedies Authority of Vietnam, the DGTR has issued an investigation questionnaire for the sunset review of countervailing duties on stainless steel welded pipes from the above-mentioned countries. In adherence to Indian regulations, a sunset review is mandated after five years of enforcement. Stakeholders involved are urged to submit their perspectives on the complainant's security interests within seven days of the DGTR officially sending the investigation questionnaire. Responses to the investigation questions and pertinent information are expected within 30 days from the official date of the investigation questionnaire dispatch by the DGTR.
Source:Viet Nam News
December 05, 2023 16:59 UTC