VIETNAM NEWS HEADLINES FEBRUARY 18/2024
Such an cultural exchange programme offers an opportunity for Russians to learn about the culture, country, and people of Vietnam. She was a co-founder and coordinator of the Vietnam Agent Orange Relief & Responsibility Campaign (VAORRC) in the New York area. After 1975, with a deep love for Vietnam, Ratner campaigned for the normalisation of the Vietnam-US relations, and supported Vietnam’s international activities. She visited Vietnam many times, and engaged in joint work with mass organisations, the Vietnam Fatherland Front, and the Ho Chi Minh National Academy of Politics. The first, and most popular, is the six-year university training course in which after graduating, students will have a medical doctor degree.
Source:Viet Nam News
February 18, 2024 12:03 UTC
HCM City affirms role as pillar of Việt Nam’s tourism industry
HÀ NỘI — HCM City has contributed significantly to the better-than-expected results of Việt Nam’s tourism industry last year, solidifying its pivotal role in the recovery and growth of the sector. The southern economic hub welcomed nearly five million foreign tourists and nearly 35 million domestic tourists, accounting for 40 per cent and 32 per cent of the nation’s respective total numbers. As a result, it raked in over VNĐ160 trillion ($6.6 billion) in tourism revenue. Also last year, HCM City announced nearly 50 tourism projects, with 20 new ones for medium- and high-class segments. This year, Việt Nam is set to serve 18 million foreign and 110 million domestic visitors, with total tourism revenue approaching VNĐ850 trillion.
Source:Viet Nam News
February 18, 2024 09:58 UTC
Việt Nam dangles chip incentives to draw foreign companies: Nikkei Asia
HÀ NỘI — Việt Nam has pledged tax breaks and other perks to semiconductor companies that help to develop the sector in a Southeast Asian country, according to Japan's Nikkei Asia. Companies from Nvidia to Samsung are looking to expand their chip businesses in Việt Nam, which is slated to receive millions from the US CHIPS and Science Act and already hosts Intel's biggest global test and assembly factory. The country needs to strike technology transfer deals with nations dominating the chip sector, Đạt said, adding Việt Nam will sweeten policies to bring foreign experts into the workforce, which has faced a recent slowdown in foreign work permits. Việt Nam aims to train 50,000 engineers for the industry by 2030. Fernandez said in an interview while visiting Việt Nam that the country is a top target for US CHIPS Act subsidies, which will be a "badge" of confidence.
Source:Viet Nam News
February 17, 2024 16:45 UTC
Car users should know new policies in Việt Nam
HÀ NỘI — As of February 2024, new policies related to cars and road use fees will be implemented in Việt Nam. These policies are outlined in Decree 90/2023/NĐ-CP, which regulates the collection rate, collection, payment, exemption, management and use of road user fees. This means that car owners or transport business owners who pay road use fees for longer periods will receive certain benefits. Road use fees can be paid annually, monthly, or according to the car's inspection cycle. It's important for car users in Việt Nam to familiarise themselves with these new regulations to ensure compliance with the updated policies on road use fees and vehicle registration.
Source:Viet Nam News
February 17, 2024 16:33 UTC
Vietnam now has five billionaires on Forbes list
Vingroup Chairman Pham Nhat Vuong (Photo: tienphong.vn)- The number of Vietnamese billionaires in US dollar has dropped to five in the early months of 2024 from the previous six, reported in April 2023.According to Forbes , the current five Vietnamese billionaires are Vingroup Chairman Pham Nhat Vuong, VietJet Air Chairwoman Nguyen Thi Phuong Thao, Hoa Phat Chairman Tran Dinh Long, Thaco Chairman Tran Ba Duong and Techcombank Chairman Ho Hung Anh.Vuong topped the list as the richest man in Vietnam with a total assets of 4.5 billion USD, ranking 648th globally. On February 7, the last trading season of 2023, his assets increased by an additional 7 million USD after VHM of Vinhomes gained by 2$ to 41,800 VND per share, VRE of Vincom Retail by 0.9%, and VIC of Vingroup by 2%.The only Vietnamese female billionaire Thao was reported with a total asset of 2.4 billion USD, ranking 1301st globally after her worth was reported to surge by an additional 27 million USD as VietJet Air shares increased by 0.8%, and Ho Chi Minh City Development Joint Stock Commercial Bank, in which Thao and her husband own shares, increased by 2.4%.Hoa Phat Chairman Long's worth was estimated at 2.3 billion USD, ranking 1341st globally. Before the last trading season of 2023, his assets were reported to rise by 8 million USD as HPG shares went up slightly by 0.36%.Fourth place Duong has total assets of 1.5 billion USD, ranking 1980th globally. Fifth place Techcombank chairman Anh was reported with a total asset of 1.4 billion USD.Nguyen Dang Quang, Chairman of Masan, left the Forbes list as his worth was reported to fall below the $1 billion mark. Quang first entered the world billionaire list in 2019 with assets of 1.3 billion USD and has been included three times in the annual ranking with the highest estimate by Forbes at 1.9 billion USD./.
Source:Viet Nam News
February 17, 2024 11:26 UTC
VIETNAM NEWS HEADLINES FEBRUARY 17/2024
Tran Chi Cuong, deputy chairman of the Da Nang People's Committee, said, "Da Nang is one of the leading cultural, tourism and sports centres in Vietnam. The Central Highlands culture is closely linked to villages and features unique festivals in the vast forest space. The ethnic groups who came to settle here brought with them the cultural heritage of their homeland, enriching the cultural treasure of the Central Highlands ethnic groups. One of the cultural values of the Central Highlands that needs to be prioritised is to tap festivals. If the cultural tourism potential is well exploited, the number of tourists coming to the Central Highlands will surge remarkably compared to that of 2023.
Source:Viet Nam News
February 17, 2024 09:43 UTC
PM calls for ‘comprehensive plan’ to revive national flag carrier
HCM CITY — Prime Minister Phạm Minh Chính has urged agencies to develop a ‘comprehensive plan’ to tackle the financial challenges faced by lossmaking national flag carrier Vietnam Airlines. Vietnam Airlines reported losses of VNĐ11 trillion ($458 million) in 2022 and VNĐ5.5 trillion last year, resulting in accumulated losses of over VNĐ40 trillion. While the airline’s business result showed signs of improvement in 2023, its consolidated post-tax profit remained negative at about VNĐ5.5 trillion. Vietnam Airlines has finalised a restructuring plan, currently awaiting review by shareholders and the Government. The PM has called on the National Oil and Gas Group (PetroVietnam) and Vietnam National Coal – Mineral Industries Holding Corporation Limited (Vinacomin) to ensure sufficient coal and gas supplies for electricity production as the dry season approaches.
Source:Viet Nam News
February 17, 2024 07:20 UTC
Vietnamese company introduces air conditioning equipment in India
NEW DELHI — Việt Nam's Toàn Phát Cooper Tube Joint Stock Company is showcasing copper pipe products and equipment for air conditioning, insulation and ventilation systems at ACREX India 2024, an international exhibition specialising in air conditioning, refrigeration, and building technology, which opened in New Delhi on February 15. Its products have been exported to the Indian market since 2018. Currently, the company is cooperating with reputable partners in India in the manufacturing of air conditioners, refrigeration and heating equipment. The 23rd edition of ACREX India in New Delhi with the theme “Powering Global HVAC Supply Chain” will showcase the latest technological advancements and display a gamut of Heating, Ventilation, and Air Conditioning (HVAC) supply chain technologies. The exhibition offered a chance for enterprises to exchange business opportunities, update market trends and new technologies in India and South Asia, and connect with global partners.
Source:Viet Nam News
February 16, 2024 16:59 UTC
Congratulations extended to newly-appointed Kazakh PM
Politics PCC's Secretariat reviews Tet situation, assigns tasks to all-level Party committees The Party Central Committee (PCC)’s Secretariat met in Hanoi on February 16 to review the implementation of its Directive No. 26-CT/TW, issued on November 23 last year, on the organisation of the Lunar New Year (Tet) 2024 celebrations and assign some focal tasks to all-level Party committees. Politics ☕ Afternoon briefing on February 16 The following is a brief review of the day’s events as reported by the Vietnam News Agency. Politics Vietnam attends second int’l meeting of theoretical publications of left parties, movements A delegation from the Communist Party of Vietnam (CPV), led by Deputy Director and Deputy Editor-in-Chief of the Su That (Truth) National Political Publishing House Vo Van Be, attended the second International Meeting of Theoretical Publications of Left Parties and Movements, in Havana, Cuba from February 12-14. Politics ☀️ Morning digest February 16 The following is a list of selected news summaries reported last night by the Vietnam News Agency.
Source:Viet Nam News
February 16, 2024 14:14 UTC
VinFast Partners with Five Dealers in Indonesia
JAKARTA, INDONESIA - Media OutReach Newswire - 16 February 2024 -The first VinFast dealers in Indonesia include BAM, GCC, and GSU, with headquarters in Jakarta; MCA, based in Medan; and Majesty, headquartered in Batam. These agreements will help VinFast quickly establish its brand presence and link to local customers.Indonesian dealers are expected to start selling the VF 5, VF e34, VF 6, and VF 7 models later this year following their official launches in the market. Pricing and sales details, including order times and after-sales policies, will be officially announced in the first half of 2024.VinFast aims to expand its electric vehicle distribution network this year to cover all major cities in Indonesia. About VinFastVinFast – a member of Vingroup – envisions driving the advancement of the global smart electric vehicle revolution. Established in 2017, VinFast owns a state-of-the-art automotive manufacturing complex with globally leading scalability that boasts up to 90 percent automation in Hai Phong, Vietnam.
Source:Viet Nam News
February 16, 2024 12:18 UTC
VIETNAM NEWS HEADLINES FEBRUARY 16/2024
Two Vietnamese travel firms – Winner Vietnam and Hoang Tra –welcomed and took the guests to Phu Quoc. The visitors arrived in Vietnam on February 10 and are scheduled to fly back to Taiwan on February 14. The Taiwanese firm received money and conducted procedures to bring the visitors to Vietnam. This road will feature six intersections, including two important ones of HCM City - Long Thành - Dầu Giây and Bến Lức - Long Thành. Chairwoman of the Vietnam Women's Union Ha Thi Nga emphasised that the two heroines are the heroic examples and pride of Vietnamese women and people.
Source:Viet Nam News
February 16, 2024 11:37 UTC
Asia - biggest source of overseas remittances to HCM City in 2023
HCM CITY — Money sent from Asian countries made up 50.5 per cent of the total overseas remittances to HCM City last year, Việt Nam’s largest economic hub, a massive 143.8 per cent spike year-on-year, according to the State Bank of Vietnam (SBV)’s branch in the city. Inward remittances to HCM City rose 43.3 per cent year-on-year to US$9.46 billion in 2023, a record high over the past decade and accounting for more than half of the national total. With approximately six million Vietnamese nationals living abroad, remittances sent to Việt Nam from 1993 to 2022 have amounted to $190 billion, according to the Ministry of Foreign Affairs. In 2023, the World Bank estimated that Việt Nam received approximately $14 billion in remittances, while this figure reached a record number of $19 billion in 2022. Việt Nam has been among the global top 10 recipients of remittances for many years, with overseas Vietnamese residing in more than 130 countries and territories, and around 600,000 of them with undergraduate or higher degrees.
Source:Viet Nam News
February 16, 2024 10:13 UTC
Cement industry expected to bounce back in 2024
HÀ NỘI — The domestic cement industry expects to bounce back in 2024 thanks to the Government's tireless efforts to speed up public investment and implementation of key transport infrastructure projects, along with approving many industrial and urban infrastructure ones. However, the Vietnam Cement Association said some importers of Vietnamese cement and clinker continue to implement policies and technical trade barriers to protect their local cement sectors. In particular, the Philippines, the largest importing country, would continue to impose temporary anti-dumping taxes on Vietnamese cement products. Last year, the Philippines remained the largest importer of Vietnamese cement and clinker, accounting for 27 per cent of the country's export turnover. To help the cement industry overcome current difficulties, the Department of Building Materials under the Ministry of Construction, suggested ministries, agencies and localities continue to speed up public investment projects and infrastructure construction according to approved plans.
Source:Viet Nam News
February 16, 2024 02:44 UTC
VinFast introduces first right-hand drive electric vehicles
VinFast's VF6 model on display at IIMS 2024 (Photo: VNA)Jakarta (VNA) – Vietnamese automotive manufacturer, VinFast, has officially launched its first right-hand drive electric vehicles for the Indonesian market at the Indonesia International Motor Show (IIMS) 2024. During the IIMS 2024 held in Jakarta from February 15-25, VinFast is showcasing a variety of models, including VF 5, VF e34, VF 6, VF 7, VF 8, and VF 9. VinFast is planning to collaborate with local suppliers to establish a network of 5,000 charging stations in Indonesia, aiming to significantly boost the adoption of electric vehicles. In a bid to penetrate the Indonesian market, VinFast also plans to build a factory in Indonesia with a projected capacity of around 50,000 cars per year. With the goal of achieving a domestic localisation rate of up to 40%, the VinFast factory is expected to create thousands of jobs and promote the local electric vehicle industry.
Source:Viet Nam News
February 16, 2024 01:08 UTC
Thailand launches medical coverage scheme for tourists
In Thailand (Photo: Internet)Bangkok (VNA) - The Thai Government on February 14 approved a scheme to offer visitors up to 500,000 THB (14,000 USD) in medical coverage in case of accidents and pay compensation of up to 1 million THB in case of death. The maximum coverage is 300,000 THB per person for permanent organ loss, loss of sight or permanent disability. Medical expenses will be covered according to the actual amount paid, but not exceeding 500,000 THB. Tourists will not be eligible for the coverage if the incidents stem from their carelessness, intention to take part in any illegal activity, or risky behaviour. To apply for the coverage, foreigners holding a tourist visa can submit documents at the provincial tourism and sports offices, or at tourist assistance centres located in Bangkok’s Suvarnabhumi and Don Mueang airports.
Source:Viet Nam News
February 15, 2024 14:25 UTC