VIETNAM BUSINESS NEWS SEPTEMBER 11/2023
Ample room for Vietnam – Switzerland economic cooperationMore than 150 delegates, including policymakers, economic experts and businesses examined the potential for economic cooperation between Vietnam and Switzerland, at a roundtable discussion held in Zurich on September 8. The event, part of Vietnam Day 2023, was organized by the Embassy of Vietnam in Switzerland in collaboration with the Ministry of Industry and Trade of Vietnam, the Swiss-Asia Chamber of Commerce, Bellecapital, Keep It Beautiful Vietnam (KIBV) and the Association of Vietnamese Experts in Switzerland (AIEVS). During the seminar, delegates discussed measures to further promote bilateral cooperation and develop sustainable startup ecosystems in Vietnam, and investment opportunities in Vietnam. Exports, investments remain Vietnam’s economic growth driver: InsidersExports and investments will continue driving Vietnam's economic growth in the remainder of this year, helping the nation realise the growth target of 6-6.5%, according to insiders. After 32 years of formation and development, Vietnam News has grown into an indispensable source for a wide range of topics both domestically and internationally for embassies, international organisations, foreign companies, and many large hotels in Vietnam.
Source:Viet Nam News
September 11, 2023 12:23 UTC
Digitalisation helps alleviate the energy crisis, accelerate the energy transition
Siemens ASEAN and Việt Nam CEO Dr Phạm Thái Lai spoke to Việt Nam News on how digitalisation can help alleviate the energy crisis and accelerate the energy transition. Grid software solutions will help to substantially diminish those costs by making the grid smart without massive investment. As a part of Siemens Xcelerator portfolio, Siemens Grid Software Suite enables our customers to accelerate and secure the energy transition in a sustainable and profitable way. Siemens software has enabled them to monitor its energy production, the energy emission into the grid, and the performance and economic revenues generated. To sum up, we strongly believe that digitalisation can help alleviate the energy crisis and accelerate the energy transition in the world and in Việt Nam.
Source:Viet Nam News
September 11, 2023 10:54 UTC
State needs mechanism to promote renewable energy development
Việt Nam has great potential for renewable energy sources such as hydropower, wind power, solar power and biomass power. For HCM City, Sơn also suggested the city's leaders to review the progress and problems when implementing renewable energy projects, thereby contributing to complete the policy framework on national renewable energy development. Many enterprises produce solar power to sell to EVN, while EVN's commercial price of solar power is only 7.2 cents/kWh. The State needs to have more open and adequate guidelines and policies to create a stable investment environment for renewable energy projects, he said. It also is necessary to have more appropriate solutions and mechanisms for developing renewable energy projects.
Source:Viet Nam News
September 11, 2023 10:54 UTC
VIETNAM NEWS HEADLINES SEPTEMBER 11/2023
Hosting the conference affirms the active, responsible, and proactive participation of the Vietnamese National Assembly in the IPU. By 2050, Vietnam is expected to raise its national water security index to be among the countries that effectively ensure water security in the world. Vietnam and Africa in general, as well as Vietnam and Mozambique and South Africa in particular have maintained fine relations over the years. Currently, Vietnam has three projects operational in South Africa, while South Africa has 19 operating projects in Vietnam. The project is funded by the United States Agency for International Development (USAID) Vietnam.
Source:Viet Nam News
September 11, 2023 04:05 UTC
"Vietnam-Japan Cooperation Towards Green Growth" seminar to take place this week
(Photo: Vietnam News)- A seminar themed "Vietnam-Japan Cooperation Towards Green Growth", co-organised by Vietnam News, the country's English language daily newspaper, and the Ministry of Agriculture and Rural Development (MARD), is to take place on September 12 in Hanoi on the occasion of the 50th founding anniversary of diplomatic relations between the two countries.The seminar is expected to saw the attendance by leaders from various Vietnamese ministries and agencies, including the Ministry of Agriculture and Rural Development, the Ministry of Planning and Investment, as well as top officials from the Vietnamese Embassy in Japan, the Japanese Embassy in Vietnam, the Japan International Cooperation Agency (JICA) and the Japan External Trade Organisation (JETRO). Additionally, representatives of several provinces and cities in Vietnam, along with many experts and businesses from both nations, will participate in this significant event.During the seminar, participants will discuss perspectives on green growth from both sides, opportunities and challenges in realising Vietnam's Green Growth Strategy for the 2021-2030 period and the vision for 2050, the impact and significance of Japan's support for green growth in the Southeast Asian country, suggestions for attracting investment from Japan for green growth, and recommendations from businesses to help implement the strategy.First published on June 17, 1991, Vietnam News was the first English-language daily newspaper in the country under the Vietnam News Agency. After 32 years of formation and development, Vietnam News has grown into an indispensable source for a wide range of topics both domestically and internationally for embassies, international organisations, foreign companies, and many large hotels in Vietnam. It is also frequently found on flights of domestic and international airlines.Today, Vietnam News remains the only daily English-language newspaper in Vietnam and is one of the country's credible newspapers on foreign affairs. In addition to the print edition, the newspaper also runs an English-language homepage https://www.vietnamnews.vn, along with two other English-language websites: www.bizhub.vn (specialising in business and finance) and www.ovietnam.vn (culture and tourism)./.
Source:Viet Nam News
September 11, 2023 03:36 UTC
Former imperial capital moves to cut plastic waste
Hue, once Vietnam’s imperial capital and now the provincial capital of central Thua Thien-Hue province, has become an appealing tourist destination, attracting rising numbers of domestic and foreign tourists. Thua Thien-Hue’s tourism sector has set a target of welcoming 3-3.5 million visitors this year. The project has also involved painting murals to raise awareness about plastic waste and to change behaviour towards buying products that generate plastic waste. Resolving the challenges posed by plastic waste is among the important factors in increasing the value of Vietnam’s tourism sector and creating a beautiful image for the country, especially in the context of green tourism becoming an inexorable trend. With just small actions, local residents and tourists can become environmentally-friendly ambassadors, contributing to building Hue into a heritage site free of any plastic waste./.
Source:Viet Nam News
September 10, 2023 21:02 UTC
Party leader chairs welcome ceremony for US President
This is the first time a US President has made a State visit to Vietnam at the invitation of a General Secretary of the Communist Party of Vietnam Central Committee. The visit takes place when the two countries are marking the 10th anniversary of their Comprehensive Partnership. The outstanding outcomes of the Vietnam-US bilateral relationship over the past nearly three decades provide the basis to affirm that the State visit of President Biden to Vietnam will be another significant milestone in the two countries’ joint journey for peace, stability, cooperation and sustainable development for the region and the world./.
Source:Viet Nam News
September 10, 2023 12:50 UTC
Proposed revisions to Việt Nam's oil and gas sector development strategy reviewed
At the workshop, there was a strong emphasis on the need for the CPV's Politburo to promptly consider issuing a new resolution titled 'Strategic Directions for Development of Việt Nam's Oil and Gas Sector by 2030, with a Vision to 2045'. This collaborative workshop, organised to assess the implementation of strategic policies for Việt Nam's oil and gas industry as per Politburo Resolution No. 41-NQ/TW, achieving its goals and objectives, and exploring Việt Nam's oil and gas potential. It also delved into new approaches for the sector's development strategy in the current context, improving regulatory mechanisms, laws, and policies for oil and gas development by 2030, with a vision to 2045. Additionally, the workshop addressed strategic oil reserves and enhancing the operational mechanisms of the fuel market to meet domestic demand while integrating national defense, security, and foreign affairs into Việt Nam's oil and gas sector.
Source:Viet Nam News
September 10, 2023 12:39 UTC
"Việt Nam-Japan Cooperation Towards Green Growth" seminar to take place this week
HÀ NỘI — A seminar themed "Việt Nam-Japan Cooperation Towards Green Growth", co-organised by Việt Nam News, the country's English language daily newspaper, and the Ministry of Agriculture and Rural Development (MARD), is to take place on September 12 in Hà Nội on the occasion of the 50th anniversary of the establishment of diplomatic relations between the two countries. During the seminar, participants will discuss perspectives on green growth from both sides, opportunities and challenges in realising Việt Nam's Green Growth Strategy for the 2021-30 period and the vision for 2050, the impact and significance of Japan's support for green growth in the Southeast Asian country, suggestions for attracting investment from Japan for green growth, and recommendations from businesses to help implement the strategy. First published on June 17, 1991, Việt Nam News was the first English-language daily newspaper in the country under the Vietnam News Agency. After 32 years of formation and development, Việt Nam News has grown into an indispensable source for a wide range of topics both domestically and internationally for embassies, international organisations, foreign companies, and many large hotels in Việt Nam. Today, Việt Nam News remains the only daily English-language newspaper in Việt Nam and is one of the country's credible newspapers on foreign affairs.
Source:Viet Nam News
September 10, 2023 11:29 UTC
"Việt Nam-Japan Cooperation Towards Green Growth" seminar to take place next week
HÀ NỘI — A seminar themed "Việt Nam-Japan Cooperation Towards Green Growth", co-organised by Việt Nam News, the country's English language daily newspaper, and the Ministry of Agriculture and Rural Development (MARD), is to take place on September 12 in Hà Nội on the occasion of the 50th anniversary of the establishment of diplomatic relations between the two countries. During the seminar, participants will discuss perspectives on green growth from both sides, opportunities and challenges in realising Việt Nam's Green Growth Strategy for the 2021-30 period and the vision for 2050, the impact and significance of Japan's support for green growth in the Southeast Asian country, suggestions for attracting investment from Japan for green growth, and recommendations from businesses to help implement the strategy. First published on June 17, 1991, Việt Nam News was the first English-language daily newspaper in the country under the Vietnam News Agency. After 32 years of formation and development, Việt Nam News has grown into an indispensable source for a wide range of topics both domestically and internationally for embassies, international organisations, foreign companies, and many large hotels in Việt Nam. Today, Việt Nam News remains the only daily English-language newspaper in Việt Nam and is one of the country's credible newspapers on foreign affairs.
Source:Viet Nam News
September 10, 2023 11:25 UTC
Vietnam, Switzerland look to expand trade, investment cooperation
Delegates at the seminar (Photo: VNA)- As many as 150 economic expert s, and representatives from ministries, sectors, and localities, financial investment funds and businesses of Switzerland and Vietnam gathered together at a seminar on Vietnam - Switzerland cooperation in trade, investment and technology in Zurich on September 8.The event was jointly organised by the Embassy of Vietnam in Switzerland, the Vietnamese Ministry of Industry and Trade (MoIT), the Swiss-Asian Chamber of Commerce, Bellecapital financial investment fund, Keep It Beautiful Vietnam (KIBV) and the Association of Vietnamese Intellectuals and Experts in Switzerland (AVIES).In his opening remarks, Vietnamese Ambassador to Switzerland Phung The Long emphasised that after more than 50 years of establishing diplomatic relations, in the context of rapid and profound changes in the international arena with intertwined challenges and opportunities, senior leaders of both nations share the wish to soon elevate the bilateral cooperative relationship to a new height basing on the mutual trust and sharing of common values of peace, cooperation and development.For his part, Swiss Ambassador to Vietnam Thomas Gass highlighted the strong development of bilateral relations across fields over the past 52 years, saying that regular high-level exchange between the two countries have created a premise for trade and investment relations to be continuously strengthened.During the seminar, delegates discussed measures to further promote bilateral cooperation and develop sustainable startup ecosystems in Vietnam, and investment opportunities in Vietnam.They listened to introduction of Vietnam's policies and priorities to promote investment cooperation and economic linkages, as well as opportunities and challenges in economic cooperation between the two countries.Participants also proposed measures to promote bilateral trade and initiatives to create favourable conditions for businesses of the two countries and address potential barriers./.
Source:Viet Nam News
September 10, 2023 10:53 UTC
Vietnam, Mozambique see great potential for cooperation: Ambassador
– Vietnam and Mozambique can continue to explore and expand their relations in both traditional and new areas of Vietnam's strengths and Mozambique's interest, Vietnamese Ambassador to Mozambique Pham Hoang Kim told the media ahead of a coming visit to the country by Vice President Vo Thi Anh Xuan.Highlighting the significance of the visit, set to take place next week, the ambassador said that it takes place in the context of Mozambique prioritizing development towards modernising the industry, attracting foreign investment capital and improving social life to create momentum for the country’s general election in 2024.Moreover, the country is taking on the role of non-permanent member of the United Nations Security Council for the 2023 - 2024 term, affirming it as a responsible member to regional and international issues.“This is a decisive moment for Vietnam and Mozambique, on the basis of good political relations, to continue to explore and expand relations from traditional areas of cooperation such as agriculture, education, healthcare to new areas like digital transformation, minerals, civil industry, agricultural processing, construction, energy, and infrastructure,” he said.During the visit, Xuan will meet leaders of Mozambique and local business representatives, which offer opportunities for the two sides to review the implementation of cooperative activities and propose measures to strengthen their multifaceted collaboration, Kim said, noting the Vice President’s visit will continue to affirm the good traditional friendship between Vietnam and Mozambique.With the important role and increasing position of Mozambique in southern Africa and Vietnam in Southeast Asia, the potential for cooperation between the two countries in the coming time is huge, especially in economy and trade, according to Kim.Mozambique has strengths in natural resources, fisheries and competitive labour while Vietnam boasts advantages in agriculture, handicrafts, fisheries, and a hard-working workforce.The complementary economies, the regular exchange of high-level delegations, and enhanced cooperation between localities and businesses are favourable factors for Vietnam - Mozambique relations to further develop, the diplomat said.Vietnam and Mozambique established diplomatic relations on June 25, 1975. Vietnam opened its Embassy in Mozambique in 1976, showing its respect for and desire to develop the traditional friendship with Mozambique in particular and African countries in general.Economic, trade and investment cooperation is the highlight of the two countries' relationship. Their trade turnover in 2022 reached over 177 million USD, an increase of 16% compared to 2022./.
Source:Viet Nam News
September 09, 2023 13:29 UTC
Vietnam, US see thriving bilateral relations: former US Secretary of Defence
Former US Secretary of Defence Chuck Hagel. ( Photo: AP)Washington (VNA) – Vietnam and the US have achieved many positive achievements in bilateral relations since the normalisation of relations in 1995 and after 10 years of their comprehensive partnership (2013-2023), said former US Secretary of Defence Chuck Hagel. He told Vietnam News Agency correspondents in Washington DC ahead of the Vietnam visit by President Joe Biden on September 10-11 that the two countries’ diplomatic relations have recorded strong developments, alongside with fruitful cooperation in other important areas such as trade and security. Regarding President Biden's visit, Hagel assessed that it is important for strengthening and promoting bilateral ties. The two countries are looking for areas of cooperation for a better world for all, he said, adding the US and Vietnam normalised diplomatic relations and then built a new chapter in bilateral relations./.
Source:Viet Nam News
September 09, 2023 13:29 UTC
Young parliamentarians help realise sustainable development goals
HÀ NỘI — The National Assembly (NA) of Việt Nam will host the 9th Global Conference of Young Parliamentarians from September 14-18 in Hà Nội under the theme “The Role of Young People in Promoting the Realisation of Sustainable Development Goals via Digital Transformation and Innovations”. Therefore, the IPU has been promoting the goal of empowering youth and expanding youth participation in solving current global issues. For the first time, the Vietnamese National Assembly will host the 9th Global Conference of Young Parliamentarians. Hosting the conference affirms the active, responsible, and proactive participation of the Vietnamese National Assembly in the IPU. The Vietnamese National Assembly has actively participated in IPU activities, including the Global Conferences of Young Parliamentarians.
Source:Viet Nam News
September 09, 2023 10:08 UTC
AEON Vietnam commits to continue to strengthen investment in Việt Nam
Japanese conglomerate AEON is no exception, having made substantial strides in the Vietnamese market since its inception in Việt Nam in 2014. The investment environment in Việt Nam keeps changing but overall, we see more potential than challenges. For AEON, we researched Việt Nam's market since 2009 before opening our first shopping mall in 2014. When looking back on 11 years, we have achieved our expectations for the first stage of development in Việt Nam. Currently, many companies are actively investing in Việt Nam and AEON Group has determined that Việt Nam is its second key market besides Japan.
Source:Viet Nam News
September 09, 2023 08:06 UTC