Vietnam takes lead in internet economy in SEA: Report
Illustrative image (Photo: weforum.org)Hanoi (VNA) – Vietnam takes the lead and set to post a 31% growth in gross merchandise value (GMV) from 23 billion USD in 2022 to 49 billion USD in 2025, according to the "e-Conomy SEA 2022" report released by Google, Temasek and Bain & Company on October 27. The six major economies covered in the report, namely Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam, will achieve the milestone of 200 billion USD by 2025 which is three years earlier than schedule. The 2022 GMV rose by about 20% from 161 billion USD in 2021. Southeast Asia’s online economy is still on track to reach 1 trillion USD by 2030 as online shopping becomes the norm, according to the report. Overall, their Internet economy is predicted to reach 330 billion USD by 2025 if companies put a greater focus on profitability for the next three years./.
Source:Viet Nam News
October 28, 2022 02:28 UTC
VIETNAM NEWS HEADLINES OCTOBER 27
They successfully organized the 12th Viet Nam-Laos security cooperation conference, along with meetings to exchange professional skills, among other activities, he said. Vietnam are one of the five second-placed teams with the best results in the qualifying round. Energy, environment technology exhibition opens in HanoiThe Hanoi International Exhibition of Environment and Energy Technology 2022 (ENTECH HANOI 2022) opened in the capital city on October 26. Vietnam, Laos boost cooperation in fighting cross-border drug crimeThe Ministries of Public Security of Vietnam and Laos held a ministerial-level meeting in Hanoi on October 26 to review the implementation of their Memorandum of Understanding (MoU) on cooperation in drug prevention and control. The two sides also coordinated to identify a number of key routes and locations that could be used by traffickers to transport drugs from the "Golden Triangle" area to Laos and Vietnam.
Source:Viet Nam News
October 27, 2022 16:11 UTC
Vietnam, India likely to complete trade target this year: official
Goods for export at Cai Lan port (Photo: VNA)Illustrative image (Source: VNA)– Vietnam and India may complete the goal of 15 billion USD in two-way trade this year despite impacts from the COVID-19 pandemic and geostrategic competition in the region and in the world, according to Vietnamese Trade Counsellor in India Bui Trung Thuong.Thuong noted that trade between the two countries reached 11.43 billion USD in the first nine months of this year, a year on year rise of over 16%, with Vietnam’s trade surplus of 6.13 billion USD, up 35%.Bilateral cooperation in tourism and investment also grew with the resumption and launch of direct air routes, he said, adding that Adani Group has committed to pouring 10 billion USD in Vietnam.The official underlined that Vietnam and India can supplement each other in economic production. India is an important supplier of materials, while Vietnam has high demand for materials in service of production and export. Currently, India is Vietnam’s leading provider of aquatic, garment and textile, leather and pharmaceutical materials, he added.The 1.4-billion-strong Indian market has diverse demands with various market segments - a good condition for Vietnamese exporters.However, according to Thuong, the presence of Vietnamese businesses in the market has remained modest, while the administrative and legal system of India has been complicated with toughest trade defence measures, which has caused great difficulties for Vietnam in approaching the market.As part of the efforts to support Vietnamese firms to penetrate the market more deeply, the Vietnam Trade Office in India has organised online trade promotion activities, especially amid the COVID-19 pandemic, said the official.The office has also connected many Vietnamese firms with their Indian peers and helped deal with trade conflicts, while providing domestic businesses with trade defence cases initiated by the Indian side, he said.Thuong said that as Vietnam and India are celebrating the 50th anniversary of the diplomatic relations this year, the office has coordinated with relevant agencies to organise 50 trade promotion activities, and sent businesses of both sides to international trade fairs in Vietnam and India./.
Source:Viet Nam News
October 27, 2022 15:11 UTC
Rice sector stands a chance to boost value thanks to by-products
The meeting between Deputy Minister of Agriculture and Rural Development Tran Thanh Nam (second from right) and representatives of the Oryza Oil & Fat Chemical company (Photo: VNA)– Vietnam, a leading rice producer and exporter in the world, has a chance to earn higher value from the grain by capitalising on by-products.Talking to visiting Vietnamese Deputy Minister of Agriculture and Rural Development Tran Thanh Nam, Murai Hiromichi, President of the Nagoya-based Oryza Oil & Fat Chemical company, said rice bran oil generates 320 - 350 USD per tonne in value while compounds obtained during oil extraction are used in 70 nutritional and beauty care products.He noted rice oil is a popular product in Japan and other developed countries, adding that each tonne of bran can bring about 2,000 - 3,000 USD or higher in value if it is maximised.Making a fact-finding tour of the factory of Oryza Oil & Fat Chemical, Deputy Minister Nam said applying technology to produce high-value products from rice bran could be an answer to the question of how to help rice farmers in Vietnam raise income.In 2021, the country produced about 44 million tonnes of rice, which generated about 8 million tonnes of bran.Prof. Tran Dang Xuan from the Hiroshima University held that Vietnam should step up research and cooperation with Japan and other developed countries to soon make use of the values of agricultural by-products, especially from rice./.
Source:Viet Nam News
October 27, 2022 06:16 UTC
New organizational structure of the Vietnam News Agency
87/2022/ND-CP defining the functions, tasks, powers, and organizational structure of the Vietnam News AgencyAccordingly, the Vietnam News Agency is a government-attached agency that performs the function of a state news agency in publishing and broadcasting news and official documents of the Party and the State...collects and provides information through various types of press and multimedia communications. The organizational structure of the Vietnam News Agency includes 28 units:1- The Editorial Secretariat and External Affairs Department. New organizational structure of the Vietnam News Agency (Illustration)The Office includes 06 divisions, and the Planning and Finance Department includes 04 divisions. The Vietnam News Agency is headed by the General Director and no more than 04 Deputy General Directors. Deputy General Directors shall assist the General Director in, and take responsibility before the General Director and law for, their assigned tasks.
Source:Viet Nam News
October 27, 2022 02:38 UTC
Fertilizer exports set new record
According to the General Department of Vietnam Customs, in the first nine months of 2022, the country shipped nearly 1.39 million tons of fertilizer worth 886 million USD abroad, soaring over 45 percent in volume and 166% in value from a year earlier. After nearly one year of strong fluctuations in the global market due to political and economic uncertainties, fertilizer prices have shot up, and many Vietnamese producers have grasped this chance to promote overseas shipments. Export prices posted sharp growth due to the COVID-19 pandemic in 2020 and 2021, and especially since the beginning of 2022 as a result of the Russia - Ukraine conflict. Beside, as domestic demand stands at about 11 million tons each year while factories in Vietnam are licensed to produce over 29 million tons annually, businesses have been working to seek markets and boost exports./.
Source:Viet Nam News
October 26, 2022 22:02 UTC
Cambodian Senate President wraps up Vietnam visit
Politics Government issues decree on VNA functions, tasks, power, structure Permanent Deputy Prime Minister Pham Binh Minh on October 26 signed a Government decree regulating the functions, tasks, power, and organisational structure of the Vietnam News Agency (VNA). Politics ☀️ Morning digest October 27 The following is a list of selected news summaries last night by the Vietnam News Agency. Politics President hosts new ambassadors of El Salvador, India, RoK President Nguyen Xuan Phuc hosted separate receptions in Hanoi on October 26 for Ambassadors of El Salvador, India and the Republic of Korea who presented their credentials. Politics Vietnam values multifaceted cooperation with Qatar: President Vietnam treasures its multifaceted cooperation with Qatar, said President Nguyen Xuan Phuc while receiving outgoing Qatar Ambassador Ismail Al-Emadi in Hanoi on October 26.
Source:Viet Nam News
October 26, 2022 20:22 UTC
More regulations needed to ensure consumers' rights in non-conventional business models
"Regulations on the conditions for applying the shortened procedure are not clear and not strict enough to have a basis for applying the shortened procedure. For example, the draft law only stipulates the condition of 'simple case', but there are no criteria for what is 'simple'," Huy said.Revised Law on InspectionOn October 25 morning, deputies discussed the draft Inspection Law (revised).Compared to the version discussed at the NA's third session, the draft being debated this time has 111 adjusted articles out of the total 118. These contents must be included in the revised law.According to the Government's report, there are 72 specialised agencies with inspection functions. It is difficult for the law to be retroactive when an inspection has a statute of limitations. If there are no clear processes and procedures, especially retroactive principles, enterprises face the risk of business stagnation and the interests of shareholders.
Source:Viet Nam News
October 26, 2022 16:04 UTC
☀️ Morning digest October 25
- The following is a list of selected news summaries last night by the Vietnam News Agency.- National Assembly Chairman Vuong Dinh Hue held talks with visiting President of the Cambodian Senate Samdech Say Chhum in Hanoi on October 24, following the welcome ceremony the same day.The Cambodian Senate President thanked the Vietnamese Party, State, army and people for providing tremendous support for the just and fair cause of the Cambodian people in all historical periods. He affirmed that Cambodia always maintains its consistent stance on cultivating solidarity and friendship between the two peoples in line with the motto of good neighbourliness, traditional friendship, comprehensive cooperation and long-term sustainability. He also highlighted achievements in the Party and political system building, as well as the corruption combat. Read full story - The Party Central Committee’s Secretariat has issued a warning for the Party Civil Affairs Board of the Ministry of Education and Training (MoET) in the 2016 - 2021 tenure and former Minister Phung Xuan Nha for their wrongdoings.The decision was made at the Secretariat’s meeting under the chair of Party General Secretary Nguyen Phu Trong in Hanoi on October 24. Read full story
Source:Viet Nam News
October 25, 2022 13:48 UTC
VIETNAM NEWS HEADLINES OCTOBER 25
Vietnam hopes Cambodia will work closely with Vietnam to soon complete the planting of markers along their common land border, State President Nguyen Xuan Phuc told visiting Cambodian Senate President Samdec Say Chhum in Hanoi on October 25. According to TasteAtlas, Pho is the Vietnamese national dish, street food, comfort food, and more than that it is a way of life. Australia’s Escape: Vietnam delivers Asia’s best valueAustralia’s tourism newswire Escape has recently published an article hailing Vietnam as an ideal budget destination for Australian tourists. Moving forward, contestants will continue to compete for the “Best National Costume” award, with the winner being unveiled in the grand finale on October 25. As Miss Grand Vietnam, Thien An successfully received the highest score in terms of votes in the Best National Costume segment.
Source:Viet Nam News
October 25, 2022 09:50 UTC
Vietnam News Agency attends 18th OANA General Assembly in Iran
The opening ceremony of the 18th OANA General Assembly in Tehran on October 24 (Source: VNA)VNA General Director Vu Viet Trang chairs a panel discussion of the 18th OANA General Assembly in Tehran on October 24. (Source: VNA)VNA– A Vietnam News Agency (VNA) delegation led by General Director Vu Viet Trang is taking part in the 18th General Assembly of the Organisation of Asia-Pacific News Agencies (OANA), which kicked off in the Iranian capital of Tehran on October 24.The opening ceremony was attended by Iranian Minister of Culture and Islamic Guidance Mohammad Mehdi Esmaili, Vietnamese Ambassador to Iran Luong Quoc Huy, diplomatic representatives of some participating countries, and 22 delegations of regional news agencies.In his opening remarks, Kim Hyeon-jun, an executive of the Republic of Korea’s Yonhap news agency - which is holding the OANA presidency, said the 18th General Assembly is an occasion to assess challenges and discuss measures for promoting bilateral and multilateral cooperation among member news agencies after an over-two-year hiatus caused by the COVID-19 pandemic.Managing Director of the Islamic Republic News Agency (IRNA) Ali Naderi highly valued the role of the media, which has comprehensively reflected the pandemic’s impacts on the world.He said it’s time for news agencies to enhance connectivity and cooperation, and a new chapter begins in the fields of communications and media after the pandemic.After the opening ceremony, VNA General Director Vu Viet Trang chaired a panel discussion on media cooperation in the post-pandemic period. The discussion featured Vugar Seyidov from the AZERTAC News Agency of Azerbaijian and Toshimitsu Sawai from Kyodo News of Japan as the main speakers.In her introductory speech, Trang held that news agencies have undergone trying times during the COVID-19 pandemic as their service revenue shrank strongly, most of development projects were delayed, and many media companies had no other choices but to shut down.Besides, digital technology has changed the public’s information access from print newspapers to internet platforms, forcing news agencies to change accordingly, she went on, adding that the discussion was an occasion for regional news agencies to work out solutions and initiatives to surmount difficulties and move forwards.On the first day of the 18th General Assembly, the 49th meeting of the OANA Executive Board and a photo exhibition on the post-pandemic life also took place./.
Source:Viet Nam News
October 25, 2022 02:21 UTC
VIETNAM NEWS HEADLINES OCTOBER 24
The latest batches have brought the total number of doses sent by Australia to Vietnam to over 26 million. The Party leader told the six localities to work harder as the locomotive and the strongest growth driver of Vietnam. This is an important political activity between the Vietnamese National Assembly (NA) and the Cambodian Senate in 2022 – also the “Vietnam - Cambodia, Cambodia - Vietnam Friendship Year”, on the occasion of the 55th anniversary of the establishment of bilateral diplomatic relations (June 24, 1967). Earlier on October 11, the border gate in Tay Ninh also received 78 Vietnamese workers from Cambodia. In total, their collaboration has helped to bring 6,057 Vietnamese workers to the RoK over the past two years.
Source:Viet Nam News
October 24, 2022 20:26 UTC
Gathering offers legal consultancy for Vietnamese workers in RoK
At the event (Photo: VNA)– The Vietnam EPS Labour Management Office and the Siheung Foreign Workers Support Centre in the Republic of Korea (RoK) have organised a gathering to provide legal consultancy for Vietnamese guest workers in Gyeonggi province and surrounding areas.The meeting was among many others of its kind frequently held by the office and Vietnam's labour management board in the RoK to intensify the management of and support for Vietnamese guest workers, ensuring that they observe their signed contracts and the law of the host nation.In the past time, the board and the office have actively cooperated with relevant agencies to welcome all flights with Vietnamese workers onboard, and to deliver lectures and guide related procedures for them at training centres in the RoK. They also worked with the Human Resources Development Service of Korea (HRD) to tackle cases involving Vietnamese workers and regularly update their information.In 2004, the two countries signed an agreement on receiving Vietnamese guest workers in the RoK following the Employment Permit System (EPS).According to the Memorandum of Understanding (MoU) on the EPS Programme signed between Vietnam’s Ministry of Labour, Invalids and Social Affairs and the RoK’s Ministry of Employment and Labour in February 2021, the two sides have coordinated to organise Korean language exams and bring 6,057 workers to the RoK in the past two years.From the fourth quarter of 2022, they have continued their negotiations and are expected to re-sign the MoU in early 2023./.
Source:Viet Nam News
October 24, 2022 20:18 UTC
☀️ Morning digest October 24
Hanoi (VNA) - The following is a list of selected news summaries last weekend by the Vietnam News Agency. - General Secretary of the Communist Party of Vietnam (CPV) Central Committee Nguyen Phu Trong on October 23 offered congratulations to Xi Jinping on his re-election as General Secretary of the Communist Party of China (CPC) Central Committee. Read full story- United Nations Secretary-General António Guterres left Hanoi on October 23, concluding his two-day official visit to Vietnam. United Nations Secretary-General António Guterres visit s Van Mieu - Quoc Tu Giam (The Temple of Literature). Phan Thiet with a clear blue coastline is always an attractive destination.
Source:Viet Nam News
October 24, 2022 05:57 UTC
Nordic businesses in Vietnam to be awarded
The Nordic Chamber of Commerce in Vietnam (NordCham Vietnam) is to hold the “Nordic Business Awards 2022” on Friday, 28 October 2022 at Sofitel Saigon Plaza, HCM City, Vietnam. “The 2022 NordCham business awards will showcase the best that Nordic companies have to offer and highlight their contribution to innovative, sustainable, and inclusive business in Vietnam,” NordCham Chairman Thue Quist Thomasen said. This year, the awards will be categorized in to six different groups, including “Green Business of the Year”, “Best Sustainable Business Initiative (SME)”, “Best Talent Development Strategy”, “Most Innovative Project”, “Work the Nordic Way (Diversity & Inclusion)”, and “Nordic Growth,” reported Vietnam News. NordCham Chairman Tomasen also added that he expected the awarding event to create more potential opportunities as well as”attract even more companies from Denmark, Finland, Iceland, Norway, and Sweden to invest and do business in Vietnam in 2023.”For further information and table reservation, please visit here. Source: https://vietnamnews.vn/bizhub/1347464/outstanding-nordic-enterprises-in-viet-nam-honoured.html
Source:Viet Nam News
October 24, 2022 00:00 UTC