SCG posts business recovery in Q2
HÀ NỘI — Thai conglomerate SCG witnessed a business recovery in the second quarter of this year due to swift adjustments to operational plans amid a slowing ASEAN and Chinese economy, the company announced on Wednesday. In Q2 alone, SCG reported revenue from sales of US$3.7 billion and its profit excluding extra items of $154 million, up 14 per cent quarter-on-quarter, largely due to dividend income from the investment business. Despite this, the company's profit for the period increased by 31 per cent year-on-year to $726 million, primarily due to the one-time gain from fair value adjustment of investment. Profit excluding extra items hit $289 million), down 49 per cent year-on-year. Of these, the total assets of SCG in ASEAN (ex-Thailand) were US$ 11.9 billion, or 45 per cent of SCG’s total consolidated assets.
Source:Viet Nam News
August 11, 2023 07:57 UTC
Vietnam’s economy to see stronger growth in next two years: WB
Vietnam's economy is predicted to grow strong in the next two years. (Photo: VNA)Hanoi (VNA) – The World Bank forecasts that Vietnam’s economy will grow 4.7% in 2023, and accelerate to 5.5% in 2024 and 6.0% in 2025. The bank made the prediction in its latest economic update entitled “Making Public Investment Work for Growth” released on August 10. The report said Vietnam’s economic growth slowed from 8% in 2022 to 3.7% in the first half of 2023, noting that a challenging external environment and weaker domestic demand is leading to a slowdown in economic growth in Vietnam. The report’s special chapter studies Vietnam’s public investment management and how it can contribute to the goal of climbing the income ladder.
Source:Viet Nam News
August 11, 2023 07:00 UTC
VIETNAM NEWS HEADLINES AUGUST 11/2023
A comprehensive and unified database system on climate change, resources and environment has been initially established. The resolution set out the Party’s major policies in responding to climate change, resource management and environmental protection in Việt Nam. The capacity of natural disaster prevention, combat and climate change response has increased. The conference pointed out that the damage caused by natural disasters is still huge, and the evolution and impacts of climate change are increasing. The paintings feature a wide range of topics such as the landscapes and people of Vietnam and Indonesia, climate change, environmental protection, and aspirations for peace.
Source:Viet Nam News
August 11, 2023 04:28 UTC
Cement companies suffer losses, pressured by lower consumption and rising prices
Input prices for cement production continued to increase, also putting a burden on enterprises. Since the beginning of this year, cement production and consumption have faced many difficulties. Given the slow domestic consumption, many cement enterprises have chosen to export as a temporary solution to deal with excessive cement sources. Occupying about 36 per cent market share, Việt Nam Cement Corporation (VICEM) has also suffered. Facing the situation of slow domestic consumption, many cement enterprises have chosen to export as a temporary solution to deal with excessive cement sources.
Source:Viet Nam News
August 10, 2023 21:15 UTC
Việt Nam's climate change response looks towards low carbon economy
24-NQ/TW on proactively responding to climate change, strengthening natural resource management and environmental protection was issued by the Party Central Committee in 2013. The resolution set out the Party’s major policies in responding to climate change, resource management and environmental protection in Việt Nam. The capacity of natural disaster prevention, combat and climate change response has increased. Việt Nam has also integrated climate change response and environmental protection objectives into development plans and established an integrated and unified database system on climate change, natural resources and the environment. Experts also recommended mission updates in the resolution and key solutions of climate change response in the context of emerging environmental issues.
Source:Viet Nam News
August 10, 2023 16:45 UTC
Vietnamese coconut gains access to US market
The statement from the US Department of Agriculture’s body outlined that the department has conducted an internal assessment to comprehensively evaluate the Vietnamese husked coconut. This assessment has been aligned with the subsequent stages of the market entry process. The outcome of this evaluation affirms that the Vietnamese husked coconut satisfies the processing criteria established by the US and presents a negligible risk of spreading plant pests. This streamlined approach significantly speeds up the authorisation process for importing coconuts from Việt Nam into the United States. According to APHIS, Vietnamese producers are eligible to commence the export of husked coconuts to the US immediately.
Source:Viet Nam News
August 10, 2023 16:35 UTC
VIETNAM NEWS HEADLINES AUGUST 10/2023
HCM City hospitals under pressure with high number of HFMD child patientsA child patient infected with hand, foot and mouth disease (HFMD) is treated at Children’s Hospital No 2 in HCM City. — VNA/VNS PhotoMany cases of hand, foot and mouth disease (HFMD) among children in HCM City are showing severe symptoms, with some requiring mechanical ventilation. Nguyen Quy Phuong, head of tourism promotion management department under Vietnam National Authority of Tourism, said China has always been a key market for the Vietnamese tourism industry. The event is one of the activities organised by the Vietnam Association for Victims of Agent Orange/Dioxin’s HCM City chapter to commemorate the 62nd anniversary of the dioxin disaster in Vietnam (August 10). In an interview granted to the Vietnam News Agency, Thang said the relationship between the State of Vietnam and the Vatican is relatively special.
Source:Viet Nam News
August 10, 2023 16:03 UTC
Vietnam’s delegation meets with foreign representatives on sidelines of AIPA-44
The Vietnamese National Assembly (NA)'s delegation had bilateral meetings with delegation heads from AIPA observer nations on the occasion of the 44th General Assembly of the ASEAN Inter-Parliamentary Assembly ( AIPA-44 ) in Jakarta, Indonesia, on August 8.Chairman of the NA Committee for External Relations Vu Hai Ha met with Chairman of the Committee on Foreign Policy and Interparliamentary Cooperation of the Ukrainian Parliament Oleksandr Merezhko; Chairman of the Georgian Parliament's Committee for Foreign Affairs Nikoloz Samkharadze; member of the Foreign Relations and Inter-Parliamentary Ties Committee of the Azerbaijani Parliament, MP Kamran Bayramo; and Deputy Chairman of the House of Representatives of the National Assembly of Belarus Valery Mitskevich.Meanwhile, Vice Chairman of the Vietnamese NA's Committee for External Relations Don Tuan Phong held a meeting with Chairman of the European Parliament (EP) Delegation for Relations with the Countries of Southeast Asia and ASEAN Daniel Caspary.At the meetings, Ha stressed that Vietnam always attaches importance to the friendship and good cooperation with the countries, and wishes to expand collaboration with its traditional friends in all spheres, for the benefits of both sides.He suggested the two sides maintain their close coordination and mutual support at multilateral forums and international organisations, especially at international inter-parliamentary forums like the Inter-Parliamentary Union (IPU) and the AIPA.The legislator used the occasion to convey invitations to the foreign legislatures to send representatives to the 9th Global Conference of Young Parliamentarians slated for September in Hanoi.The Ukrainian side affirmed that the country wants to strengthen its relations with Vietnam , and expressed concern over issues regarding food and energy security, and the disrupted supply chain, which have not only adversely impacted Ukraine but also emerged as a global headache. Chairman of the NA Committee for External Relations Vu Hai Ha (left) and Chairman of the Committee on Foreign Policy and Interparliamentary Cooperation of the Ukrainian Parliament Oleksandr Merezhko. (Photo: VNA)The two sides shared the view that disputes should be settled by peaceful measures in line with international law, and agreed to work together to handle obstacles to the bilateral cooperation, especially in economy, trade and investment.Ha stressed that Vietnam supports the international community’s efforts to create conditions for relevant sides to conduct negotiations, and increase humanitarian aid to civilians.Vietnam stands ready to join international efforts aiming to promote dialogues and seek peaceful solutions to the present problems, and reconstruct Ukraine, he said.Meanwhile, Vietnam and Azerbaijan agreed to work harder to make their bilateral trade ties on par with their potential as well as promote their traditional friendship.At the meeting with the EP delegation, the two sides pointed to the rapid, unexpected developments of the regional and global situation, and the need to settle disputes by peaceful measures and in accordance with international law, saying relevant sides should take stronger actions for peace and prosperity in the region and the world.Phong suggested Vietnam and the EP maintain the exchange of high-level delegations and meetings, and effectively implement cooperation mechanisms in all spheres, from politics, and national defence and security, to trade and investment.Meanwhile, Vietnam and Georgia consented to step up cooperation in the areas where both sides have potential like transport, infrastructure development, digital transformation, just energy transition, culture and tourism, and increase trade and investment promotion activities.At the meeting with Deputy Chairman of the House of Representatives of the National Assembly of Belarus Valery Mitskevich, Ha suggested the two countries foster results-oriented cooperation, and optimise their potential and strengths as well as trade agreements to boost their economic and trade ties.At the same time, the two sides should strengthen their parliamentary ties, both bilaterally and multilaterally, he said./.
Source:Viet Nam News
August 09, 2023 12:36 UTC
VIETNAM NEWS HEADLINES AUGUST 9/2023
The two countries will continue to coordinate with and support each other at international forums, and well prepare for the 10th meeting of the Vietnam - Iran Inter-Governmental Committee in Hanoi. On this occasion, the Vietnamese NA Chairman invited his host to pay an official visit to Vietnam. Chairman Hue affirmed to his host that Vietnam always attaches importance to further promoting the friendship and multifaceted cooperation with Iran. In collaboration with the Vietnam National Committee for Search and Rescue, UTS has also built a drone-based simulation system to assess risks and offer the safest, fastest and most effective approaches to the scene. On this occasion, the Vietnam National Authority of Tourism and the State Committee for OV Affairs signed a cooperation deal to attract OV resources for tourism development.
Source:Viet Nam News
August 09, 2023 05:27 UTC
Vietnam-India Joint Sub-Commission on Trade convenes 5th meeting
Deputy Minister of Industry and Trade Phan Thi Thang (R) and Additional Secretary of the Indian Ministry of Commerce and Industry Rajesh Agrawal (Photo: VNA)New Delhi (VNA) – Deputy Minister of Industry and Trade Phan Thi Thang and Additional Secretary of the Indian Ministry of Commerce and Industry Rajesh Agrawal co-chaired the 5th meeting of the Vietnam-India Joint Sub-Commission on Trade in New Delhi on August 8. He acknowledged the noticeable development trend in trade between the two countries in recent years, highlighting several positive changes since the 4th meeting of the joint sub-committee held in 2019 in Hanoi. For her part, Thang remarked that there are many challenges ahead in the global and regional context, including economic recession, political conflicts, trade tensions, high inflation, and lower demand. India wants to elevate cooperation with Vietnam in terms of pharmaceuticals, processed food, tourism, and information technology, he said. They agreed to bolster investment cooperation in area of joint interest.
Source:Viet Nam News
August 09, 2023 04:03 UTC
Celebrate the full moon with Peacock Mooncake Collection from Sheraton Hai Phong
Hai Phong, Viet Nam — Every eighth lunar month, Vietnamese people eagerly celebrate the Mid-Autumn Festival together. Honouring unique traditions of the full moon festivity, Sheraton Hai Phong introduces the 2023’s Peacock Mooncake Collection to deliver sincere wishes to friends, partners and loved ones. The Peacock Mooncake Collection 2023 is currently on sale at Sheraton Hai Phong, Vinhomes Imperia Metropolitan Area, Thuong Ly Ward, Hong Bang District, Hai Phong City. About Sheraton Hai PhongAs the tallest skyscraper in Hai Phong, Vietnam, Sheraton Hai Phong is regarded as a beacon of development and prosperity. For more information, visit http://sheratonhaiphong.com and stay connected to Sheraton Hai Phong on Facebook.
Source:Viet Nam News
August 09, 2023 03:47 UTC
Interbank ATM cash withdrawals via QR Code now available
HÀ NỘI – Starting August 7, Napas cardholders will be able to utilise their Mobile Banking application to perform interbank cash withdrawals from ATMs by scanning the VietQR code, eliminating the need for a physical card. During the launch event on Monday, Nguyễn Quang Minh, the General Director of the National Payment Corporation of Việt Nam (NAPAS), announced that NAPAS has collaborated with member banks to successfully develop an interbank ATM withdrawal service using the VietQR code (VietQRCash). Transaction limits and fees align with the current regulations for ATM withdrawals using NAPAS cards. Minh said: "Upon the successful launch with the initial eight banks, NAPAS is poised to extend the connection of the VietQRCash service across the entire market within this year. Among various electronic payment methods, the utilisation of QR codes demonstrated the most substantial growth, increasing by nearly 136 per cent in terms of transaction volume.
Source:Viet Nam News
August 08, 2023 22:50 UTC
Vietnam, India seek to foster economic, trade ties
Vietnam ese products introduced at a fair in India (Photo: VNA)– The Ministry of Industry and Trade (MoIT) and the Embassy in India and the host country’s PHD Chamber of Commerce and Industry jointly organised a business forum between the two countries on the evening of August 7 in New Delhi. MoIT Deputy Minister Phan Thi Thang said that Vietnam and India have a lot of favourable conditions to boost their economic cooperation and trade, as both have good economic growth and stable macroeconomic environment, direct flights link their major cities, and their import-export structures are complementary.She pointed to several challenges and difficulties facing businesses, including negative impacts of world economic fluctuations, the lack of market-related information and business connectivity, and high costs and long transportation times.To address these difficulties and promote economic and trade cooperation, Thang proposed strengthening supply chain connectivity based on the strengths of each country, and applying information technology and digital transformation in trade promotion. She also pointed to increasing direct transportation and establishing more routes between the two countries to save time, costs and take advantage of available resources.Shantuna Srivatava, former Chairman of the Vietnam Chamber of Commerce in India, emphasised that potential for bilateral cooperation has not been fully exploited. He suggested setting a goal of raising two-way trade to 20 billion USD in the coming time./.
Source:Viet Nam News
August 08, 2023 21:34 UTC
Vietnam’s African swine fever vaccine export makes headlines in RoK
In late July, the Vietnamese Ministry of Agriculture and Rural Development approved the export of two vaccines produced by the NAVETCO Central Veterinary Medicine Joint Stock Company and AVAC Vietnam JSC. According to local competent agencies, up to 650,000 doses of the vaccines have been tested on pigs in 40 cities and provinces, with an efficacy rate of 95%. Vietnam has become the first country to successfully develop and produce the two vaccines against African swine fever, the disease that first appeared in Africa in 1921 with a mortality rate of up to 100%./.
Source:Viet Nam News
August 08, 2023 19:11 UTC
Vietnam-RoK youth exchange held in Ha Nam
At the event (Photo: VNA)Ha Nam (VNA) – An exchange between young people from the Republic of Korea (RoK) and Vietnam took place in the northern province of Ha Nam on August 8. They also took part in games to learn about Vietnamese culture, traditional festivals and landmark destinations. The Korean delegation will also visit local tourist destinations and KMW factory – a member of the Korean Business Association - at Dong Van industrial park. Lee Wonseok, deputy head of the Family Support Division at the RoK's Ministry of Gender Equality and Family, hoped that in the future, both sides will enhance youth exchange activities to gain a deeper understanding of the culture, economy, history and people of each country. He expected them to increase the sharing of experience in youth development and entrepreneurship among the youth./.
Source:Viet Nam News
August 08, 2023 14:44 UTC