The VNA is responsible for providing official information and documents of the Party and State, according to the Government’s recently-released Decree No 87/2022/NĐ-CP. It provides information in service of the Party leadership and State management; and collects and provides news through various forms of press and multimedia to be published by the mass media, and for the public and readers at home and abroad./.

Shawn Steil, Canadian Ambassador to Việt Nam, said: “SIBs’ dedicated efforts play a vital role in addressing social and environmental gaps, making a positive difference in Việt Nam. Attending the opening ceremony on Thursday were representatives from ministries, agencies, the Japanese Embassy in Việt Nam, the Việt Nam - Japan Friendship Association, and various Japanese Government agencies and organisations in Việt Nam. Acecook Việt Nam has attained a strong position in the market while providing instant processed products with high quality and nutritional values. Through its sponsorship Acecook Việt Nam has helped the development of football in Việt Nam. The PM affirmed that Vietnam always treasures the comprehensive partnership with the US, and welcomed the US’s increased cooperation with Vietnam, respect for political institutions and support for a “strong, independent, self-resilient and prosperous” Vietnam.

HÀ NỘI — Vietnamese enterprises in the auto industry are not deeply involved in the global supply chain. To become global suppliers, domestic enterprises must be consistent with the management culture and business philosophy of global manufacturers, experts say. Tuất said the automobile industry combined all quintessence of technologies, production methods and modern management methods. He noted the learning experience of production and corporate governance from developed countries and global leading auto manufacturers was very important for Vietnamese enterprises in international integration. He said only through cooperation and continuous learning could Vietnamese enterprises improve their product quality to grasp the opportunity to become a part supplier for global automobile manufacturers.

National Assembly Chairman Vuong Dinh Hue and representatives of the Vietnamese community in Indonesia (Photo: VNA)Jakarta (VNA) - National Assembly (NA) Chairman Vuong Dinh Hue on August 4 met with officials and staff of the Vietnamese Embassy in Jakarta, the Vietnamese Permanent Mission to ASEAN and the Vietnamese community in Indonesia. According to Vietnamese Ambassador to Indonesia Ta Van Thong, about 500 Vietnamese people are living in Indonesia. Many Vietnamese people have chosen Indonesia for travelling, while many Vietnamese businesses have invested in the country, he added. He said he hopes the embassy and Vietnamese community will continue to act as a bridge connecting the two countries. He affirmed that the Party and State always consider the Vietnamese community abroad as an indispensable part of the Vietnamese nation, and expressed his hope that the Vietnamese community in Indonesia will maintain the language and culture of Vietnam.

HÀ NỘI — Buyers of electrical vehicles (EVs) could receive an incentive totalling US$1,000 per purchase. EV production was the race not only between makers but also between countries, he said, stressing that good policies would promote the development of the EV industry. Việt Nam Electricity (EVN) joined the market with the pilot operation of some charging stations in the central region. Việt Nam aims to complete charging infrastructure to sufficiently provide green energy to meet the demand of people and businesses nationwide. “These are opportunities for the EV market to grow at a double-digit rate in the coming years,” the report said.

HÀ NỘI — The stock market rebounded on the last trading day of the week, bolstered by stronger cash flows from both domestic and foreign investors. On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index claimed back all losses from the previous session. It ended the week at 1,225.98 points, a gain of 1,503 points, or 1.24 per cent. The breadth of the market returned to positive territory, as gainers on the southern bourse surpassed losers. Of which, they bought a net of VNĐ197.31 billion on HoSE and VNĐ3.4 billion on HNX.

HCM CITY — Investment and development of distributed rooftop, utility-scale solar projects and integrated energy solutions are among the methods driving HCM City’s energy efficiency and clean energy transition, a seminar titled “Designing an Energy-Efficient HCM City” heard on Thursday. According to Vinh HCM City allows installation of rooftop power projects on public buildings, and their total capacity is now estimated at 166MWp on 2,600 roofs. Besides, HCM City has many other solutions to achieve energy efficiency, including acceleration of infrastructure development for electric vehicles. The latter include empowering green and smart energy buildings with solutions that leverage AI and IoT to create a low-carbon, smart-energy future. Brandon Chia, managing director, sustainable energy solutions, Southeast Asia & Australia, SP Group, said: “SP Group looks forward to working closely with EVNHCMC and local partners to empower a sustainable future for HCM City and Việt Nam.

HÀ NỘI — As Việt Nam pushes for greater implementation of an economic model that emphasises innovation, restructuring and enhancing national competitiveness, bolstering regional connectivity has become a key target for the development of local cooperatives, said participants at a conference in Hà Nội yesterday. He said improving regional connectivity is to play a crucial role in helping these cooperatives and collaborative groups operate more efficiently and gain advantages through economies of scale. "Local leaders should regularly exchange and engage in dialogues with businesses, cooperatives and collaborative groups to understand their needs and difficulties," he said. This will provide many opportunities for cooperatives and collaborative groups to participate in the global supply chain network. He urged key economic regions to fully play their role as leaders and called for greater efforts to close the gap between developed and underdeveloped regions across the country.

HÀ NỘI — Vietnamese exporters have encountered many challenges due to rising inflation worldwide, the downward trend in commodity prices and the falling demand in many export markets. In such a difficult context, the firms are urged to diversify export markets besides traditional ones, experts have suggested. However, the firms' traditional markets would not be easily changed in one to two years, she said. Closer cooperation between exporting enterprises and the State agencies and ministries in researching export markets would also be necessary, Thuỷ said. Economist Đinh Trọng Thịnh said in the past time, some Vietnamese firms have fallen asleep over the victory they had in traditional export markets.

Hanoi (VNA) - Vietnamese President Vo Van Thuong and his Iranian counterpart Ebrahim Raisi on August 4 exchanged congratulatory messages on the occasion of the 50th anniversary of the establishment of diplomatic relations between the two countries (August 4, 1973-2023). The same day, Foreign Minister Bui Thanh Son also exchanged messages of congratulations with Iranian Foreign Minister Hossein Amir-Abdollahian./

HCM CITY — Businesses in HCM City will need about 155,000 to 165,000 new workers in the second half of this year, according to the HCM City Centre of Forecasting Manpower Needs and Labour. Vocational training and quality staff are needed to meet market requirements. The number of workers with certificates applying for unemployment benefits accounts for only a small percentage. Education and training need to be innovated to provide skilled and qualified human resources, contributing to an effective labour market. The college prepares several professionals based on high-quality vocational training techniques from foreign countries such as Germany and Australia.

Party General Secretary Nguyen Phu Trong (R) and Speaker of the Parliament of Iran Ali Ardeshir Larijani at their meeting in Hanoi in 2018. Such activities aim to mark the 50th anniversary of the bilateral diplomatic ties, strengthen cooperation across spheres, and advance the Vietnam-Iran relationship, Huy said. To foster the cooperation, the ambassador suggested the two countries further implement the cooperation documents and mechanisms they signed and established over the past years. According to the ambassador, the 10th meeting of the Vietnam-Iran Inter-governmental Committee, scheduled for later this year, will be a highlight of cooperation activities in 2023. The mechanism sets forth plans and measures for cooperation in economy, trade, banking, investment, science-technology, and culture, among other fields, he explained./.

Vietnam News in Brief: Weekly Roundup August 4Vietnam Briefing keeps track of what’s happening in Vietnam’s business and economic news so that you don’t have to. TikTok Shops’ strong sales also speak to the huge role social media has in reaching Vietnamese consumers. With this in mind, retailers looking to crack the Vietnamese market should put social media channels at the top of their marketing strategy. Advertising newsUS advertising firm opens office in VietnamChannel Factory an advertising firm that works to connect brands with social media content has opened a local office in Vietnam. The move comes amid a rapidly changing landscape for social media and digital advertising.

Deputy Foreign Minister Ha Kim Ngoc (Photo: VNA)Delegates at the ceremony (Photo: VNA)– The cultural interference and connection activities between Vietnam and Iran over the past 50 years have paved the way for the two countries to continue promoting their ties now, stated Deputy Foreign Minister Ha Kim Ngoc at a ceremony in Hanoi on August 4 to celebrate the 50th anniversary of the Vietnam-Iran diplomatic relations.Ngoc noted that the friendship between Vietnamese and Iranian started over 1,000 years ago when Persian merchants came to do business and trade in Vietnam, opening the door for cultural exchange between the two peoples.Bilateral ties have been deepened since the two sides set up their diplomatic relations on August 4, 1973. Right after the success of the Islamic Revolution , on February 13, 1979, Vietnam sent a congratulatory message to and recognised the Islamic Republic of Iran . In 1991, Iran opened its embassy in Hanoi. Six years later, Vietnam did the same in Tehran.Ngoc said that the two countries share many similarities and supplementary advantages, enabling them to strengthen their friendship for the interest of the two peoples as well as for peace and stability in the two countries and the world.He highlighted the sound political-diplomatic relations between the two countries as well as the expanding bilateral economic and trade ties, along with fruitful cooperation in culture, education, science and technology.At the most difficult time during the COVID-19 pandemic , the Government and people of Vietnam were happy to be able to share their resources with other countries, including Iran, he noted, emphasising that the warm sentiments that the two peoples have given to each other as well as practical joint activities have contributed to the laying of a firm foundation for the growth of friendship between the two countries.Ngoc underlined the need for the Governments, ministries and sectors of the two sides to take practical actions to further deepen the bilateral ties, including the organisation of the 10th meeting of the Inter-Governmental Committee and the seventh Political Consultations between them to realise the political determination of leaders of the two countries.For his part, Iranian Ambassador to Vietnam Ali Akbar Nazari said that the ceremony is a good chance for the two sides to look back at the 50-year development of friendship and cooperation between the two nations.This is also an opportunity for the two sides to honour achievements that have shaped the bilateral ties and headed to the future with stronger cooperation for common prosperity, he stated.Nguyen Van Pha, former Vice Chairman of the National Assembly’s Judicial Committee and President of the Vietnam-Iran Friendship Parliamentarians’ Group, also underlined contributions that the group, founded in 2009, has made to the promotion of friendship and cooperation between the two countries, and its future plan to continue reinforcing the bilateral friendship and partnership./.

HÀ NỘI — Five banks in Việt Nam recorded a pre-tax profit of more than VNĐ10 trillion (US$422 million) in the first six months of this year, financial statements of the banks showed. Vietcombank remained the champion in terms of profit in the country’s banking industry, with H1 2023's pre-tax profit of VNĐ20.5 trillion (US$866 million), up 18 per cent over the same period last year. All four of the top banks recorded positive profit growth in the second quarter of 2023 and H1 2023. Techcombank was the fifth most profitable bank with more than VNĐ11.2 trillion (US$473 million), down 20 per cent over the same period last year. The next five banks following Techcombank in the Top 10 saw pre-tax profits of nearly VNĐ10 trillion (US$422 million) for ACB, VNĐ6.07 trillion (US$456 million) for SHB, VNĐ5.64 trillion (US$238 million) for VIB, VNĐ5.48 trillion (US$231 million) HDBank, and more than VNĐ5.1 trillion (US$215 million) for VPBank.