Vietnam – a rising star in the world: Malaysian newspaper
In the article, the author highlighted Vietnam's economic growth with consistent GDP growth of about 6% for many years, thanks to Renewal policy. It has helped to attract billion-dollar investments from Samsung, Nike, Adidas, and others. Besides, an abundant young workforce has helped power the country's labour-intensive manufacturing sector. Vietnam is now a rising star in the world with consistent GDP growth of about 6% for many years. In the past decade, the economy has created more and better jobs, which helped improve the aspirations and living standards of its people./.
Source:Viet Nam News
September 20, 2023 13:18 UTC
Thailand to tighten tax rules on overseas income
World Cambodia continues selling US dollars to stabilise exchange rates The National Bank of Cambodia (NBC) announced on September 19 that it will continue holding two auctions of US dollars (each worth 10 million USD) on September 20 and 22, to ensure exchange rate stability, maintain the purchasing power of the Cambodian riel, and support the economic recovery process following the COVID-19 pandemic. World Vietnam – a rising star in the world: Malaysian newspaper The New Straits Times - an English-language newspaper published in Malaysia on September 17 ran an article about Vietnam’s thriving growth during its national construction and development after wartime, in which the country is described as “a rising star in the world”. World Indonesia highlights importance of transportation in economic development Indonesian Minister of Transportation Budi Karya Sumadi has underlined the importance of providing prime transportation services to the people. World Air pollution shortens Thais' lifespan by 1.8 years: report More than 90% of the population in Thailand are living in poorer air conditions than the safety standard set out by the World Health Organisation (WHO) and this condition can shorten the average lifespan of Thais by 1.8 years, according to a report by Air Quality Life Index.
Source:Viet Nam News
September 20, 2023 12:08 UTC
HCM City looks for new technologies toward smart transport system
The smart transport management centre is connected with 875 traffic cameras and 216 traffic lights. (Photo: tuoitre.vn)VNAStudy of new technologies is underway in Ho Chi Minh City to complete its transport system, and ease traffic congestion that has plagued the southern hub for a long time.According to Director of HCM City Urban Transport Management Centre Do Van Tan, the city has 9 million vehicles on the road, including 7.8 million motorbikes and 865,000 cars.The increase in the number of personal vehicles has exerted enormous pressure on the city’s transport infrastructure, he said, highlighting that the transport sector is working to catch up with new technologies to improve the city’s smart transport system.The city put into operation its first smart transport management centre in 2019, which is connected with 875 traffic cameras and 216 traffic lights.The centre has helped local residents get updated with the traffic situation via website and mobile application, he said, adding information about vehicles with traffic violations is sent directly to competent forces to carry out off-site traffic penalties./.
Source:Viet Nam News
September 20, 2023 08:02 UTC
Việt Nam's 54 ethnic groups showcased on Google digital platform
HÀ NỘI - A collection of hundreds of high-quality photos depicting the culture and life of 54 ethnic minority groups across Việt Nam is being exhibited for the first time on the global digital platform, Google Arts & Culture. It also features interesting stories and unique artefacts that the author collected during his journey throughout Việt Nam, discovering the beauty of the country and its people. He transformed this dwelling into an art museum, dedicated to narrating the stories of Việt Nam's 54 ethnic groups. He also made a profound impression on the hearts of the Vietnamese art-loving community through portraits in Việt Nam, Cuba, and India. While transporting viewers to the remotest parts of Việt Nam, the collection reveals the rich cultural mosaic of the ethnic tribes.
Source:Viet Nam News
September 20, 2023 05:24 UTC
Temporary suspension of automatic order placement services a short-term solution
HÀ NỘI — The temporary suspension of automatic order placement services, or high-frequency trading (HFT), is necessary in the short term, given the recent technological infrastructure capacity of the stock market, but regulators need to allow the deployment of these services in the future. According to SSC's assessment, using robots to place automatic online trading orders with high frequency poses many potential risks and affects the stability of the stock market. “In Việt Nam, quantitative investment funds have not yet developed strongly, copy trading activities are only at a small-scale experimental level. However, the current technology infrastructure of the Vietnamese stock market cannot meet this need. Therefore, applying automatic order placement at this time can have a negative impact on the market, especially on small investors.
Source:Viet Nam News
September 19, 2023 19:52 UTC
Decree amending regulations on foreign workers’ employment issued
As per the new decree, at least 15 days before the starting date of a foreign worker's employment, an employer must submit a report to the Ministry of Labour, Invalids and Social Affairs or Departments of Labour, Invalids and Social Affairs of localities involved. (Illustrative photo - Source: tuoitre.vn)– The Government has issued a decree amending and supplementing a number of articles of its Decree No. 152 dated 2020 stipulating regulations for foreigners working in Vietnam and foreign individuals’ and organisations’ recruitment and management of Vietnamese nationals in the country.As per the new decree, at least 15 days before the starting date of a foreign worker's employment, an employer (except for contractors) must submit a report to the Ministry of Labour, Invalids and Social Affairs (MoLISA) or Departments of Labour, Invalids and Social Affairs of localities involved. The report clarifies the employer’s demand for the occupation whose requirements are yet to be met by Vietnamese workers.Changes regarding a foreign employee’s position, job title, form of work, and location, as well as their number must also be reported to the above-said agencies at least 15 days before their starting dates.The agencies are required to send back written approval or disapproval accordingly within 10 working days.From January 1, 2024, the announcement for recruitment of Vietnamese workers in positions expected to recruit foreign workers will be made on the online portal of the MoLISA or of centrally-run cities’ and provinces’ employment service centres./.
Source:Viet Nam News
September 19, 2023 14:58 UTC
Video clip promoting Vietnamese cuisine launched
The clip aims to instil a sense of pride in Vietnam’s culinary heritage, which has evolved over thousands of years. It showcases the diverse specialties found around the country, including iconic “pho” - a flavourful broth of herbs and meat with rice noodles. The video highlights rolled dishes, salt-roasted crab, and broken rice with grilled pork, among other delectable offerings. Viewers are taken on a journey through the country’s notable cultural landmarks, such as the Temple of Literature in Hanoi - the country’s first university. They can also immerse themselves in the vibrant atmosphere of a floating market in the Mekong Delta region./.
Source:Viet Nam News
September 19, 2023 12:56 UTC
Regulations on foreign workers’ employment amended
As per the new decree, at least 15 days before the starting date of a foreign worker's employment, an employer (except for contractors) must submit a report to the Ministry of Labour, Invalids and Social Affairs or Departments of Labour, Invalids and Social Affairs of localities involved. The report clarifies the employer’s demand for the occupation whose requirements are yet to be met by Vietnamese workers. Changes regarding a foreign employee’s position, job title, form of work, and location, as well as their number must also be reported to the above-said agencies at least 15 days before their starting dates. The agencies are required to send back written approval or disapproval accordingly within 10 working days. From January 1, 2024, the announcement for recruitment of Vietnamese workers in positions expected to recruit foreign workers will be made on the online portal of the ministry or of centrally-run cities’ and provinces’ employment service centers./.
Source:Viet Nam News
September 19, 2023 12:53 UTC
VIETNAM NEWS HEADLINES SEPTEMBER 19/2023
The meetings also reported progress of the idea exchange under the Mekong-Lancang water management cooperation between member countries. Vietnam-Denmark comprehensive partnership substantive, effective: diplomat One decade after their comprehensive partnership was set up (September 19, 2013-2023), Vietnam and Denmark have enjoyed extensive, substantive and effective cooperation, Vietnamese Ambassador to Denmark Luong Thanh Nghi has told the Vietnam News Agency. More and more Danish investors are paying attention to seeking cooperation opportunities and expanding business and production in Vietnam. Vietnam is a modern country with dynamic development, the Nigerian Senator, who came to Vietnam for the first time, said. In Cuba, a committee for solidarity with South Vietnam and other mechanisms were established to provide maximum support to the people of Vietnam, the diplomat said.
Source:Viet Nam News
September 19, 2023 12:06 UTC
Vietnam-Denmark comprehensive partnership substantive, effective: diplomat
Vice State President Vo Thi Anh Xuan (C) welcomes Danish Crown Prince Frederik (second from left) and Crown Princess Mary Elizabeth. (Photo: VNA)– One decade after their comprehensive partnership was set up (September 19, 2013-2023), Vietnam and Denmark have enjoyed extensive, substantive and effective cooperation, Vietnam ese Ambassador to Denmark Luong Thanh Nghi has told the Vietnam News Agency.The two sides regularly maintain delegation exchanges at all levels, especially high-level visits and meetings, which not only shows respect for each other's roles, but also helps orient specific cooperation contents. Most recently, in the official visit to Vietnam by Danish Crown Prince Frederik and Crown Princess Mary Elizabeth last November, the two sides signed 14 memoranda of understanding on cooperation in the field of energy, particularly renewables.They also support each other at regional and international multilateral forums such as the United Nations and its bodies, the Asia-Europe Meeting (ASEM), the Association of Southeast Asian Nations (ASEAN), and the European Union (EU).Two-way trade nearly doubled in the past decade from 480 million USD in 2013 to nearly 900 million USD last year. More and more Danish investors are paying attention to seeking cooperation opportunities and expanding business and production in Vietnam. As of December 2022, Denmark had run 155 investment projects worth 1.78 billion USD, ranking 22nd out of the 141 nations and territories pouring capital into the Southeast Asian country.However, there remains an ample room to further develop the bilateral ties, Nghi said, adding that the two sides are working to upgrade their relationship to a new height to create a premise to promote cooperation in many new areas such as green transition, digital transformation, and renewable energy development, which all hold strategic significance for Vietnam's development as well as for the benefit of each country.To soon upgrade the bilateral relations to a green strategic partnership level in the coming time, Ambassador Nghi proposed the two countries continue deepening and consolidating the bilateral political and diplomatic relations, maintaining delegation exchanges, boosting collaboration in economics, trade and investment, with focus on renewable energy, hi-tech agriculture, health, transportation, logistics, digital transformation and innovation.Priority will be given to collaboration in fields related to green growth and sustainable development such as renewable energy development, specifically offshore wind power and the development of human resources and supporting industries in this field.The embassy will exert every effort to serve as a bridge connecting the two countries’ people and businesses, thus contributing to each country’s development and the bilateral comprehensive and strategic relations, added Nghi./.
Source:Viet Nam News
September 19, 2023 03:19 UTC
Vietnam Stock Exchange: all securities companies must connect to the KRX system
HÀ NỘI — The Vietnam Stock Exchange (VNX) is warning that any securities company whose IT system fails to connect to the KRX system will not be eligible to become a member of the VNX. The VNX has just sent an official dispatch to member securities companies about participating in testing and upgrading their IT system to connect with the KRX system. The KRX system is an information technology system for managing and operating transactions on the Vietnamese stock market, signed by HoSE with the South Korea Stock Exchange (KRX) in 2012. This system needs to be able to connect to the KRX system and perform all the functions that are compatible with the KRX when it is put into operation. Due to many reasons, such as the pandemic and the complex nature of the bidding package, the KRX system has not yet run as planned.
Source:Viet Nam News
September 18, 2023 21:45 UTC
Marine shipping stocks benefit from higher freight rates
HÀ NỘI — Stocks of marine shipping companies have seen a breakthrough, buoyed by supportive policies and rising sea freight prices after hitting bottoms. The global sea freight prices have started rebounding from the end of July, showing that the marine shipping industry is gradually escaping the 16-month correction. On the stock market, marine shipping stocks, such as Hải An Transport & Stevedoring JSC (HAH), Gemadept Corporation (GMD), Viconship (VSC), and Vosco (VOS) are actively traded and have jumped in recent trading sessions. Hải An currently has 11 container ships, with a total carrying capacity of nearly 16,000 TEU, accounting for nearly 40 per cent of the container shipping industry in Việt Nam. But by 2024, the output is expected to reach 3.5 million TEU, an increase of 22 per cent.
Source:Viet Nam News
September 18, 2023 20:52 UTC
German businesses interested in Vietnam
According to the article, Vietnam has long been famous for shoes, garment and textile, coffee and pepper. Germany currently has about 350 companies with offices and facilities in the Southeast Asia country. Germany is currently Vietnam’s most important trade partner in the EU while Vietnam is Germany’s largest partner in ASEAN. The article also said that in addition to the economic field, Vietnam is also quite an attractive country for Germany in terms of geopolitics. A lot of countries such as the Republic of Korea and Japan have set up production bases in Vietnam to enjoy economic benefits./.
Source:Viet Nam News
September 18, 2023 18:42 UTC
Share to witness slower gaining momentum this week
HÀ NỘI The market is forecast to witness slower gaining momentum in the near future and explore supply and demand in the area of 1,220 - 1,237 points, before forming a more specific trend. “Liquidity decreased with the star candle, showing that supply is cooling near the support area of 1,220 points. The market is currently expecting the Fed to pause interest rate hikes at its next meeting this week. The market was supported at 1,220 points and recovered slightly thanks to cooling supply. Therefore, investors need to observe supply and demand developments in the exploration area and re-evaluate the market state.
Source:Viet Nam News
September 18, 2023 15:26 UTC
Measures sought to develop Vietnamese community in Japan
A talk show between the Vietnamese Embassy in Japan and organisations, associations. (Photo: VNA)Tokyo (VNA) – The Vietnamese Embassy in Japan on September 16 held a gathering to mark the 78th anniversary of Vietnam's National Day (September 2, 1945 – 2023) and a talk show on measures to further develop the Vietnamese community in Japan. The 500,000-strong overseas Vietnamese community in Japan is also growing and contributes practically to the two countries’ relations, he said. At the talk show with representatives from the Vietnamese community, organisations, and associations in Japan, Hieu called on the Vietnamese associations and organisations to actively promote their role as a bridge connecting overseas Vietnamese people and diplomatic offices. Representatives of Vietnamese organisations and associations in Japan shared information about the situation as well as proposed solutions to improve the quality of life of overseas Vietnamese people in Japan.
Source:Viet Nam News
September 18, 2023 13:57 UTC