Vietnam gains 2.3 billion USD from rice exports in first half
Business Infographic German Journal applauds Vietnam’s economic achievements No other country of a similar size in the world has achieved such major achievements in the Index of Economic Freedom as Vietnam has since 1995, German economic and financial news website wallstreet-online.de wrote in a recent article. Business Infographic EU relaxes food safety regulations for Vietnamese instant noodles Vietnamese instant noodle products imported into the European Union (EU) market will no longer be required to have certificates of food safety inspection issued by authorised Vietnamese agencies from June 27.
Source:Viet Nam News
July 10, 2023 00:55 UTC
Vietnam seeks stronger green finance ties with Luxembourg
Finance Minister Ho Duc Phoc (R) and Luxembourg Finance Minister Yuriko Backes at a meeting on July 7 (Photo: VNA)Finance Minister Ho Duc Phoc meets with CEO of the Luxembourg Stock Exchange Julie Becker. He also called for assistance in the formation of a carbon market as Vietnam is working to build a plan on the establishment of this market.Minister Backes noted Vietnam is a developing economy that needs considerable investment to conduct green transition. It hopes for the latter’s help with institutional building; technology for digital transformation; transparent, safe, healthy and sustainable operation of the stock market; and development of high-quality human resources, the official went on.At LuxSE, Minister Phoc chaired a roundtable workshop on connecting the two countries in building a green capital market. The event attracted representatives of Luxembourg authorities along with investment funds, businesses, and major investors from Luxembourg and some neighbouring countries.In addition, Phoc had a working session with Vice President of the European Investment Bank (EIB) Kris Peeters to discuss the EIB loan of 500 million EUR (548.5 million USD) for Vietnam to carry out energy transition. He also called for the bank’s promotion of financial support for environmental and urban transport projects in the country.During the trip, the MoF delegation also visited the Luxembourg House of Financial Technology (LHoFT)./.
Source:Viet Nam News
July 09, 2023 16:14 UTC
VIETNAM NEWS HEADLINES JULY 9/2023
He advised parents to consider vocational education centers - continuing education, vocational education institutions in addition to public and private schools. 58-KL/TW of the Secretariat on the organization and operation of the Vietnam Association of the Elderly. The Vietnam Elderly Association was urged to renovate its modes of operation for the sake of its members. According to the representative of the HCMC Department of Education and Training, the recruitment method remains unchanged, with two-round recruitment. Niinuma Vietnam is a company with 100 per cent investment capital from Japan, operating in the field of solar energy and agriculture.
Source:Viet Nam News
July 09, 2023 11:28 UTC
Foreign Minister attends online conference on responding to synthetic drugs
HÀ NỘI — Minister of Foreign Affairs Bùi Thanh Sơn joined representatives of 70 countries and relevant international organisations at a virtual ministerial meeting to launch the global coalition to address synthetic drugs on July 7 (US time) under an initiative of United States Secretary of State Antony Blinken. Delegates expressed their deep concerns about criminal activities related to the production, transportation and trafficking of drugs, and the negative effects of drug active ingredients on public health and social security. Challenges that the synthetic drug problem poses to sustainable development such as poverty reduction, education and employment security were also put on the table. Delegates pledged to coordinate actions at the national, regional and international levels in drug prevention and control, based on science and transparent information, and a comprehensive and balanced approach. This is the first conference held under the initiative of the US Secretary of State to promote discussion, information sharing and cooperation and action coordination in response to the threat posed by synthetic drugs, which are emerging in many parts of the world.
Source:Viet Nam News
July 09, 2023 03:55 UTC
Vietjet offers free travel insurance on all flights
HCM CITY — Vietjet will offer free Sky Care comprehensive travel insurance on all domestic and international flights for all passengers of all ticket classes to bring them a happy and safe flying experience. Last week, Vietjet announced to increase the frequency of its direct flights to Australia to 34 flights per week to respond to the traveling demands of the peak season. Flights of HCM City- Melbourne and HCM City- Sydney routes will be increased to seven per each. Vietjet will also increase its flights between HCM City and Brisbane to three return flights per week. From December 6, 2023, flights from HCM City to Brisbane will depart on Mondays, Wednesday, and Fridays.
Source:Viet Nam News
July 09, 2023 03:14 UTC
Philippines writes off debts for more than 600,000 farmers
Hanoi (VNA) - Philippine President Ferdinand Marcos Jr on July 7 signed into law a reform measure that writes off about 1.04 billion USD of debts owed by more than 600,000 farmers to help them boost production. Speaking at the ceremony, President Marcos said that this is a measure that the government rolls out to help farmers deal with this huge debt. In addition, the government will spend an additional 206 million pesos (3.6 million USD) to compensate landowners who have transferred their properties to others. In 1988, about 4.8 million hectares of land, or 16% of the country's area - was allocated to 3 million farmers who did not own land. President Marcos has underscored the priority of recovering the agricultural sector and making it a growth motivation for the Philippine economy./.
Source:Viet Nam News
July 08, 2023 17:59 UTC
Thailand: Eight parties united in upcoming PM vote
With the vote for House Speaker and deputies completed, the parliament of Thailand is heading to the next crucial meeting to vote for Prime Minister. Eight parties holding the majority seats in the lower house said they were united in their decision to vote for Move Forward party leader Pita Limjaroenrat.The journey for the next Prime Minister and the new government coalition is approaching its critical point, with the parliament now expected to hold a vote for Prime Minister soon, following the vote for House Speaker.According to Wissanu Krea-ngam, Deputy Prime Minister of the caretaker government, the parliament will now submit the names of persons nominated as House Speaker and two corresponding deputies to His Majesty the King for official proclamation.Following the proclamation, the House Speaker, whose official title is President of the National Assembly, will then confer with the President of the Senate, to schedule an appropriate date for a National Assembly session, in which members of both the upper and lower houses will vote for Prime Minister. The caretaker government will remain in power until the day on which the new Prime Minister and Cabinet swear in.The eight parties led by Move Forward party (MFP), who secured the highest number of seats in the House of Representatives, have expressed their unity in the forming of the MFP-led government coalition, with MFP leader Pita Limjaroenrat serving as Prime Minister. Pheu Thai party leader Dr. Chonlanan Srikaew said the eight parties will mutually nominate Pita for the Prime Ministerial vote, and will try to secure the most votes possible to reach the minimum 376 votes required.Dr Chonlanan stressed that his party does not have a backup plan in place, in case Pita faces major political obstacles. He said the only plan right now is to secure enough votes./.
Source:Viet Nam News
July 08, 2023 16:50 UTC
Market see upswing in H2, bolstered by lower interest rates and recovering corporate earnings
Regarding interest rates, deposit and lending rates will maintain a downward trend in the second half of the year. The average deposit interest rate of 12 months will decrease to 6.0-6.5 per cent per year by the end of 2023. Lending interest rates may decrease significantly in the second half of 2023 due to the capital cost of commercial banks decreasing, thanks to the State Bank cutting the operating interest rate in the first half of 2023. Regarding the stock market, the analysis team said that the cash flow into the market started to recover, showing that investors' confidence in the market is gradually improving. Lending interest rates will also decrease compared to the beginning of 2023 by 1 to 1.3 percentage points.
Source:Viet Nam News
July 08, 2023 15:46 UTC
Vietnam updates EC on efforts to combat IUU fishing
They also considered the amendment of Article 70 on control under the Agreement on Port State Measures (PSMA), and the supplement of regulations on control of aquatic products originating from fishing activities imported into Vietnam by container ships.The Vietnamese side informed the EC side on the pace of deploying the management of offshore fishing vessels and vessels' movement through ports, and supervision of fishing output at ports; the implementation of the Capture Fisheries and Aquatic Resource Protection Plan; the fisheries management plan; the traceability work to ensure that shipments exported to the European market are legal; and the enforcement of law with a focus on handling vessels violating foreign waters and building a database on the handling of such violations from central to local levels.According to Hung, the two sides have basically reached agreement on discussed issues and the DG-MARE also agreed with the work that Vietnam has carried out.The EC suggested that Vietnam take stronger measures to combat illegal fishing and put an end to fishing boats violating foreign waters, as well as to handle fishing vessels that lose VMS connection, he said.The MARD and DG-MARE are scheduled to hold an online dialogue in September to continue to exchange and update the implementation of r ec ommendations before the EC sends its inspection team to Vietnam to examine the country’s efforts on IUU fishing prevention and control in October.
Source:Viet Nam News
July 08, 2023 10:19 UTC
Generation Z facing problems in the workplace
Not what it seemsBased on the dizzying job-hopping stories, many people have negative perceptions of Gen Z. Some believe that Gen Z are overly confident in their abilities and have lower resilience compared to previous generations. "However, we must recognise that the younger generation, Gen Z, is born and raised in different circumstances than before. With their confidence, independence, and proactivity, it's understandable that the job-hopping rate is high among Gen Z," explained Hồ Lâm Giang. The bold and practical ideas of Gen Z are most suited for this new era.
Source:Viet Nam News
July 08, 2023 05:02 UTC
VIETNAM NEWS HEADLINES JULY 8/2023
However, the official said, local tourism development has still been hindered by poor infrastructure and lodging and catering services, limited unique tourism products, and personnel-related issues. Vietnam attaches great importance to and wishes to enhance relations with the EU, one of its most important partners, he affirmed. The enforcement of the EU - Vietnam Free Trade Agreement (EVFTA) since August 2020 has helped turn the EU into the fifth largest trading partner and investor of Vietnam. Like Singapore, Vietnam prioritises human resources training to meet socio-economic development requirements, especially in the digital era. Like Singapore, Vietnam prioritises human resources training to meet socio-economic development requirements, especially in the digital era.
Source:Viet Nam News
July 08, 2023 04:11 UTC
Coal supply for thermal power plants to increase by 10-15 per cent
HÀ NỘI — Việt Nam Coal and Mineral Industries Group (Vinacomin) and Đông Bắc Corporation strive to supply about 48.35 million tonnes of coal for thermal power plants, an increase of about 10-15 per cent compared to 2022. In May alone, TKV made additional deliveries of about 300,000 tonnes of coal for the thermal power plants of the Vietnam Electricity (EVN). In June alone, the corporation delivered nearly one million tonnes of coal to thermal power plants, the highest level ever. To deal with this situation, the thermal power plants nationwide and, in particular, the northern region of the country, are operating at full capacity while implementing alternating power cuts. Quảng Ninh is now a thermal power centre in the North with seven thermal power plants operating at full capacity to meet increasing electricity demand.
Source:Viet Nam News
July 08, 2023 03:00 UTC
Vietnam attends NAM ministerial meeting in Baku
Deputy Foreign Minister Do Hung Viet (Photo: VNA)Hanoi (VNA) – A Vietnamese delegation led by Vietnamese Deputy Foreign Minister Do Hung Viet attended the Non-Aligned Movement (NAM) Foreign Ministers' Meeting on July 5-6, in Baku, the capital of Azerbaijan. Entitled “Non-Aligned Movement: united and steadfast in confronting emerging challenges", the event drew the participation of more than 80 representatives of NAM member countries, regional and international organisations which are observers of the movement. He pointed out that small and medium countries, like NAM member countries, need to be autonomous in diplomatic, political and economic strategies and policies. "Vietnam persists in the foreign policy of independence and self-reliance to maximise national interests," the deputy FM noted. On this occasion, Viet updated participants on the situation in the East Sea and called on NAM member countries to support the position of the Association of Southeast Asian Nations (ASEAN) on this issue.
Source:Viet Nam News
July 07, 2023 16:22 UTC
Vietnam sends over 72,000 laborers abroad in H1
Japan received the largest number of Vietnamese laborers in the period with 34,500 people, followed by Taiwan (China), over 31,500. The Republic of Korea (RoK) and China took the third and fourth places, respectively. In June alone, more than 12,600 Vietnamese laborers went abroad, mostly to Japan and Taiwan. For Vietnamese guest workers, the RoK is a high-income and close-to-culture market, so it attracts many workers from the Southeast Asian nation. The EPS program brings many high-income jobs to Vietnamese workers as well as contributes to the RoK’s development.
Source:Viet Nam News
July 07, 2023 12:24 UTC
NZ companies donate fruit and milk to support vulnerable children in Việt Nam
Despite some improvements, child nutrition remains a major challenge in Việt Nam, where chronic malnutrition is a key concern among vulnerable children. “The New Zealand embassy is pleased to continue assisting the New Zealand’s leading fruit and dairy exporters, who generously provide nutritious and fresh products to support vulnerable children and women in Việt Nam. “Over the last three years this programme has provided an opportunity for New Zealand companies to share their exceptional produce with under-served communities here in Việt Nam. The following year in 2022, seven New Zealand fruit exporters donated 10,000kg of fruit to five children’s and women’s charities in Hà Nội and HCM City. This year’s donations are made by Bostock Group, Fonterra, Fresh Fruit Company of New Zealand (Freshco), Golden Bay Fruit, Heartland Fruit, Kiwi Crunch, Meadowfresh, Mr Apple, T&G Global, and Zespri International.
Source:Viet Nam News
July 07, 2023 12:04 UTC