Vietnam Int’l Plastics and Rubber Industry Exhibition kicks off
The Vietnam International Plastics and Rubber Industry Exhibition features over 1,100 booths, reflecting that Vietnam is a high-potential and fast-growing market in the industry. The four-day event gathers a wide range of solutions including machinery and equipment for the production and processing of plastics and rubber, raw materials category and machinery for recycling. The event offers an opportunity for domestic and foreign businesses to access the latest technologies in the plastic and rubber industry as well as explore materials for their production. Two seminars will be held within the framework of the expo, including one focusing on addressing challenges in operational management for enterprises manufacturing and distributing raw materials and additives in plastic products, along with providing solutions to these challenges./.
Source:Viet Nam News
October 19, 2023 11:26 UTC
Vietnam should keep close watch on inflation rate: WB
In its “Vietnam Macro Monitoring” report in September, the WB said the consumer price index grew from 3% in August to 3.7% in September, continuing a sharp upward trend that started in June. Inflation was due to higher prices of food and foodstuffs as well as housing and construction materials. Additionally, the price of transport services contributed 0.3 percentage point to CPI inflation due to the new round of oil price increases registered during July-September this year. In stark contrast, core inflation which excludes food, fuels and government administered prices, continued to soften from 4% in August to 3.8% in September. The bank suggested Vietnam focus on improving the business climate and stepping up investment in human capital to attract high-tech and high-value-addition FDI as well as boost productivity in the long run./.
Source:Viet Nam News
October 19, 2023 11:26 UTC
VIETNAM NEWS HEADLINES OCTOBER 19/2023
For his part, President Wickremesinghe congratulated Vietnam on its important socio-economic achievements and stated that Sri Lanka always wishes to strengthen its relations with Vietnam. Vietnamese, Lao junior army officers join friendship exchangeA delegation of young Vietnamese military officers held talks and joined exchanges with a Lao delegation in Hanoi on October 17. Vietnamese, Lao junior army officers join friendship exchangeA delegation of young Vietnamese military officers held talks and joined exchanges with a Lao delegation in Hanoi on October 17. The State leader said Vietnam consistently considers the UN a leading organisation for global peace, cooperation, and development, as well as a trustworthy, loyal, and long-standing partner of Vietnam in all of its development stages. He also affirmed his strong commitment to assisting Vietnam in its sustainable development efforts and climate change response.
Source:Viet Nam News
October 19, 2023 10:19 UTC
Indonesia kicks off election season
Ganjar Pranowo (right), presidential candidate of the ruling Indonesian Democratic Party-Struggle (PDI-P), waves with his running mate, Mohammad Mahfud Mahmodin, chief security minister, known as Mahfud MD (left), during their declaration in Jakarta, Indonesia, October 18, 2023. (Photo:antaranews.com)Jakarta (VNA) - Indonesia officially entered election mode on October 19, with registration open for candidates keen to contest the upcoming presidential polls in February 2024. Candidates will also be confirming their running mates for the election, ending months of speculation and political manoeuvring aimed at shoring up alliances and making inroads into new voter territory. Ganjar, the president pick of the ruling Indonesian Democratic Party-Struggle (PDI-P), will be joined on his ticket by respected former judge and current chief security minister Mahfud MD. Anies, who is trailing in opinion polls, is running with Muhaimin Iskandar, head of the country’s biggest Islamic party, PKB.
Source:Viet Nam News
October 19, 2023 08:59 UTC
Việt Nam's economy set for a comeback: IMF
HÀ NỘI Việt Nam's real GDP is expected to grow at 4.7 per cent this year, according to the October 2023 report by the International Monetary Fund (IMF) on the Asia-Pacific region. IMF's projection for Việt Nam's real GDP growth for 2024 and 2025 were 5.8 per cent and 6.9 per cent, respectively. Abrupt financial tightening in the United States or within the region would inhibit growth, especially in highly leveraged economies and sectors. The recent slowdown in China’s property sector will weigh on demand throughout the region with medium-term growth being projected to be moderate. The IMF advised central banks to carry through with policies to ensure that inflation is durably at appropriate targets.
Source:Viet Nam News
October 19, 2023 05:29 UTC
Vietnam International Plastics and Rubber Industry Exhibition kicks off
A total of 625 exhibitors from 22 countries and territories, take part in 21st Vietnam International Plastics and Rubber Industry Exhibition in Ho Chi Minh City. (Photo: VNA)HCM City (VNA) – The 21st Vietnam International Plastics and Rubber Industry Exhibition (VietnamPlas 2023) opened in Ho Chi Minh City on October 18, attracting 625 exhibitors from 22 countries and territories, including China, India, France, Italy, Australia, Brazil, Russia, US and Vietnam. The four-day event features over 1,100 booths, reflecting that Vietnam is a high-potential and fast-growing market in the industry. VietnamPlas 2023 gathers a wide range of solutions including machinery and equipment for the production and processing of plastics and rubber, raw materials category and machinery for recycling. Currently, Vietnam's plastic and rubber industry enjoys an annual growth rate of 8%, said Judy Wang, President of Yorkers Trade and Marketing Service Co.Ltd, one of the event’s organisers.
Source:Viet Nam News
October 18, 2023 15:54 UTC
Vietjet offers super-discounted tickets to celebrate Vietnamese Women's Day
HCM CITY — Vietjet is offering its passengers tickets priced from only zero đồng to international destinations and free VNĐ200,000 E-vouchers to celebrate Vietnamese Women's Day on October 20. The discounted airfares, which are available during three golden days from Wednesday to Friday, are applicable to all international routes to Australia, India, Japan, South Korea, Taiwan (China), Hong Kong, Kazakhstan, and Southeast Asia. Free VNĐ200,000 E-vouchers will be also given to lucky passengers who successfully register and apply the passenger name record (PNR) code on website https://evoucher.vietjetair.com/ for flight schedules from November 1 to December 20, 2023. Additionally, flying with Vietjet on the special day of October 20, female passengers will have opportunities to receive surprise gifts from Vietjet. Continuously expanding its flight network globally, Vietjet wings to Vietnamese women on every journey to the world, the airline said.
Source:Viet Nam News
October 18, 2023 09:07 UTC
VIETNAM NEWS HEADLINES OCTOBER 18/2023
Uzbekistan hopes that Vietnam will be a bridge to help it bolster connectivity with ASEAN, while Vietnam wants to promote cooperative relations with the Central Asian region through Uzbekistan. To solve those challenges, public administration, public governance, and public services are becoming more necessary than ever, he remarked. According to Mai, the ILO has chosen Vietnam as a partner to implement its pilot project on fair work supply chain in the electronics industry in Vietnam. On the occasion, he invited leaders of the Cambodian Ministry of National Defence and army to the second Vietnam International Defence Expo and celebrations of the 80th anniversary of the Vietnam People’s Army next year. The leader also recommended enhancing people-to-people exchanges, with an emphasis on cultural exchange and tourism cooperation.
Source:Viet Nam News
October 18, 2023 05:23 UTC
Shares extend losses on sudden selling force
The index performed positively in most of the session, but sudden strong selling pressure hit the market in the last trading minutes, causing the benchmark to reverse. On the southern bourse, liquidity fell back to VNĐ13.6 trillion (US$556.4 million), equivalent to a trading volume of nearly 610.5 million shares. Similarly, on the Hà Nội Stock Exchange, the HNX-Index declined 6.43 points, or 2.72 per cent, to 230.03 points. During the trading day, investors poured over VNĐ2 trillion into the market, with a trading volume of 94.9 million shares. Specifically, they net bought VNĐ17.67 billion on HoSE and nearly VNĐ92.4 billion on HNX.
Source:Viet Nam News
October 17, 2023 22:21 UTC
State, enterprises ensure enough goods supply until Tết: MoIT
Some others are developing those plans to ensure the supply of essential goods at reasonable prices. In the first nine months of 2023, the domestic market has been relatively stable with a consistent supply of domestic goods. She said domestic prices of essential goods are not expected to experience unusual fluctuations. Enterprises participating in the market stabilisation programme always commit to selling at stable prices, or 5-10 per cent lower than market prices. If the prices increase due to higher transportation costs and raw materials, they will report to the Department of Finance.
Source:Viet Nam News
October 17, 2023 14:48 UTC
Vietnam’s overseas investment up 4.6% during nine months
More than 170 million USD was added to 18 existing ones, surging 3.3-fold. Among the 24 countries and territories recording Vietnamese investments during the period, Canada took the lead. During the period, Vietnamese investors poured money into 14 sectors abroad. The wholesale and retail sector topped the list with nearly 150 million USD, accounting for 36% of the total. The biggest destinations of Vietnamese investments were Laos, Cambodia, and Venezuela./.
Source:Viet Nam News
October 17, 2023 14:33 UTC
Development strategy of rural occupations approved
The strategy’s general goal is to promote the potential of rural areas, improve production and business efficiency, increase incomes, create jobs, and improve the material and spiritual life of the people. The strategy is expected to spur rural economic development towards ecological agriculture, and modern rural areas and farmers. Under the strategy, the growth rate of rural occupations will expand by 6-7% per year by 2030. The average income of labourers engaging in rural occupations will be 2.5-3 times higher than in 2020. Rural occupations are to attract about 5 million regular workers, and earn over 6 billion USD per year from export./.
Source:Viet Nam News
October 17, 2023 13:50 UTC
FDI plays crucial role in VN's socioeconomic development
HÀ NỘI Foreign investment and investors have been and will continue to play a crucial role in Việt Nam's socio-economic development, heard participants at a conference held yesterday in Hà Nội. Việt Nam has become the third-largest economy in ASEAN with a GDP scale of over US$400 billion. According to the ministry, recent attempts to address legal barriers and obstacles have resulted in the successful establishment of large-scale FDI projects in Hải Phòng, Bình Dương, Nghệ An, and Bắc Ninh. MPI advised businesses to put forward proposals and projects aligned with such a vision of sustainable development and mutual prosperity. Minko said the EU is willing to support Việt Nam in its transition to green development, especially in the energy field.
Source:Viet Nam News
October 17, 2023 02:59 UTC
Banks estimated to have varying profit results in Q3 2023
According to the analysts, as provision costs have decreased from a record high, VietinBank's pre-tax profit will increase by 20-22 per cent in Q3 2023. Although VPBank's Q3 2023 profit recorded a decline, SSI assessed that a bright spot in the bank’s Q3 2023 business picture was positive results from its subsidiary FE Credit. Meanwhile, the decrease in profits of TPBank in Q3 2023 was mainly due to the high base level of last year. Specifically, the bank’s pre-tax profit is expected to reach about VNĐ1.45-1.60 trillion, down 25-32 per cent over the same period last year. TPBank’s NIM decline and the burden of provisioning are said to be the reasons why the bank’s pre-tax profit declined in Q3 2023.
Source:Viet Nam News
October 17, 2023 02:58 UTC
Market to continue extending its recovery this week
HÀ NỘI - The market will continue to extend its recovery this week but also face difficulties because supply pressure may increase again when the market approaches a new resistance zone of 1,160 - 1,170 point area. With this effort to increase points, it is likely that the market will continue to extend its recovery in the near future." "However, the recovery will continue to face difficulties because supply pressure may increase again when the market approaches a new resistance zone, such as the 1,160 - 1,170-point area." "Economic results in the third quarter of 2023 will be a supporting factor for the market trend," he told Việt Nam News. This week, the index will test the important resistance mark of 1,159 points," said Phạm Bình Phương at Mirae Asset Securities Joint Stock Company.
Source:Viet Nam News
October 16, 2023 13:20 UTC