Vietnam News in Brief: Week Ending June 30, 2023
Vietnam News in Brief: Weekly Roundup June 30Vietnam Briefing keeps track of what’s happening in Vietnam’s business and economic news so that you don’t have to. This gives Vietnam a GDP growth rate for the first half of the year of 3.72 percent. Specifically, social insurance and health insurance caps for private firms will be revised up when the new policy takes effect on July 1. This should give consumers and businesses some reprieve from the broad economic challenges facing businesses and consumers in Vietnam. It is hoped these changes will stimulate more international arrivals that stay in Vietnam for longer and spend more money.
Source:Viet Nam News
June 30, 2023 15:20 UTC
PM’s China visit enhances Vietnam’s position
Xu Liping, director of the Centre for Southeast Asian Studies at the Chinese Academy of Social Sciences said China and Vietnam signed various bilateral cooperation agreements in the fields of maritime cooperation, market supervision, and border gate construction. The two sides reached common understanding on controlling disagreement in the sea issue, speeding up consultations on the Code of Conduct in the East Sea, thereby enhancing political mutual trust between the two countries. Regarding Vietnam’s position at the World Economic Forum meeting, Xu held that Vietnam has a prominent position at this meeting. This has strengthened confidence for countries around the world, especially developing countries, in overcoming the negative impacts of the COVID-19 pandemic, soon recovering and developing further, which shows Vietnam’s international influence, he added./.
Source:Viet Nam News
June 30, 2023 14:41 UTC
Vietnam’s bamboo diplomacy suits all times: Lao official
– Vietnam’s “bamboo diplomacy” is suitable for all times, said senior reporter Khamvisan Keosouphan, former Assistant to the Chairperson of the Propaganda and Training Commission of the Lao People's Revolutionary Party Central Committee.As a veteran journalist who always keeps a close watch on the Vietnam situation, Khamvisan said he was impressed with a speech of Vietnamese Party General Secretary Nguyen Phu Trong about the country’s foreign policy.According to him, in this speech, General Secretary Nguyen Phu Trong clarified the nature and direction of Vietnam's diplomacy, which has been drawn up during thousands of years of the Vietnamese people's nation building, safeguarding and development, based on the immutability principle and cross-cutting thought of “independence, self-resilience and ensuring national interests at the highest”.The journalist also expressed his impression with Trong’s opinions and analyses on President Ho Chi Minh's thought on diplomacy, an inheritance from the philosophy and diplomatic tradition of previous generations which had been absorbed, summarized and developed by the late President, who was also the first Foreign Minister of the Democratic Republic of Vietnam.Citing Trong's speech, Khamvisan said it was a smooth combination of patriotism, national culture and diplomatic tradition of Vietnam with the world's cultural quintessence and diplomatic experience. This type of diplomacy always upholds the goal of national independence and the spirit of peace and friendship, uses diplomacy to repel conflicts, and closely follow world realities to bring Vietnam into the flow of the times.He stressed that the “bamboo diplomacy” is imbued with the Vietnamese identity, and is soft and wise but still resilient and resolute; flexible and creative but steadfast, persistent and valiant against all challenges and difficulties facing national independence and people’s happiness; and united and humanitarian but resolute and patient in safeguarding the national interest, as described by the Party chief.This type of diplomacy will not only suit Vietnam's conditions and meet the country's development needs in the current period, but also is suitable for all times, he added./.
Source:Viet Nam News
June 30, 2023 14:03 UTC
Water management requires clear responsibilities from ministries: experts
HÀ NỘI — As Việt Nam faces increasing challenges regarding water resources, experts are highlighting the importance of clear responsibilities of authorities, as well as the public's own engagement. With the amendment of the Law on Water Resources underway, many experts point out that it is necessary to develop a mechanism that can address the ongoing shortcomings regarding national water management. Hà said: “This overlapping management decreases the efficiency and effectiveness of water resources management. However, the topic has not received adequate attention, leading to the mere modest focus on water resources management in local planning. “Current water resources management is basically in the MoNRE’s scope, but it concerns many other ministries, such as the MARD and the MoIT.
Source:Viet Nam News
June 30, 2023 12:56 UTC
VIETNAM NEWS HEADLINES JUNE 30/2023
Prof. and Dr Nguyen Thi Lan Anh, Director of the East Sea Institute under the Diplomatic Academy of Vietnam. Mr. Khue handed over a certificate of merit from the HCMC People’s Committee to Mr. Established in 1996, Honda Vietnam Company is a joint venture between Japan Honda Motor Company, Thailand Asian Honda Motor Company and Vietnam Engine and Agricultural Machinery Corporation. Online meeting discusses Vietnam-RoK cooperation in television, animationThe Korea Creative Content Agency Vietnam Office (KOCCA Vietnam) has launched an online seminar to promote content cooperation between Vietnam and the Republic of Korea (RoK). The province has assigned the city People’s Committee to mobilise personnel to relocate affected households to safer areas and provide financial support as regulated.
Source:Viet Nam News
June 30, 2023 10:05 UTC
Vinamilk on track for 5th month of net selling from foreign investors
HÀ NỘI — Domestic investors have recently seen shares of the dairy giant Vinamilk (VNM) as an appealing invesment, but foreign investors think the contrary. However, the main momentum of the recovery came from domestic investors, while foreign ones accelerated net selling activities. Foreign investors net sold nearly VNĐ1.5 trillion (US$63.6 million) worth of VNM shares since the beginning of June. Net selling pressure may affect VNM's recovery as foreign investors are still holding about 60 per cent of the dairy producer's shares. VNM was the largest enterprise on the domestic stock market for a long time and a favourite investment among foreign investors.
Source:Viet Nam News
June 30, 2023 04:07 UTC
Market falls on strong selling pressure
HÀ NỘI — Indices fell more than 1 per cent on Thursday due to strong selling force, while foreign investors continued to pour capital into the southern market. The VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) dropped nearly 13 points, or 1.14 per cent, to 1,125.39 points. The market needs to create a foundation before accumulating enough strength to overcome the resistance level of 1,150 points. After consecutive short-term recoveries, the VN-Index is currently at a strong resistance area of around 1,150 points. "But we think that the market will need more time to accumulate before surpassing this resistance, and it needs more support from positive macro factors to form a bull market," SHS said.
Source:Viet Nam News
June 30, 2023 01:46 UTC
☀️ Morning digest June 30
He also had meetings with Chairman of the Standing Committee of the National People's Congress (NPC) of China Zhao Leji, and Chairman of the Chinese People's Political Consultative Conference (CPPCC) Wang Huning. The report by the Article IV consultation team is one of the important sources of input information for the making and implementation of policies by the government, ministries and sectors. Read full text – Vietnam recorded a trade surplus of about 12.25 billion USD in the first half of this year, according to data released by the General Statistics Office of Vietnam (GSO) on June 29.In the period, the total import-export turnover of goods hit 316.65 billion USD, an annual decrease of 15.2%. Specifically, exports and imports fell by 12.1% and 18.2%, respectively. Read full text /.
Source:Viet Nam News
June 30, 2023 01:24 UTC
Opportunities for Swiss fintech startups in Việt Nam: report
SINGAPORE — Swiss fintech startups should tap into opportunities in Việt Nam to take advantage of rising demand for digital financial solutions, supportive policies, and government initiatives to nurture fintech innovation, according to a new Việt Nam Fintech report by Switzerland Global Enterprise (S-GE). The report, titled Business Opportunities in Fintech in Việt Nam, provides an overview of the country’s fintech sector, outlining key verticals and emerging trends in the market for Swiss fintech companies. The sector is currently the leading vertical in the domestic fintech sector, with the most players attracting the lion's share of investment. Peer-to-peer (P2P) lending is another segment that’s growing steadily and is now the second largest fintech vertical in Việt Nam at the moment. Finally, blockchain and cryptocurrency is another fintech sector that’s recorded strong traction and is expected to grow further.
Source:Viet Nam News
June 29, 2023 21:07 UTC
Vietnam welcomes over 5.5 international visitors in six months
In June alone, Vietnam welcomed over 975,000 international travelers, an increase of 6.4% from the previous month. Major markets of Vietnam’s tourism were the Republic of Korea, China, Taiwan (China), the US, Malaysia, Japan, Singapore, Cambodia, Thailand, and Australia. The search volume for Vietnam's tourism via Google's market trend tracking tool has kept growing from the beginning of this year. In a relevant development, the Vietnamese National Assembly on June 24 approved extending tourist e-visas from 30 to 90 days, starting from August 15, 2023. Such new policies are expected to help Vietnam attract a large number of international visitors, especially during the peak season starting around September./.
Source:Viet Nam News
June 29, 2023 12:48 UTC
VIETNAM NEWS HEADLINES JUNE 29/2023
Over eight weeks, doctors and nurses receive theoretical training and hands-on guidance on the autologous stem cell transplant procedure at the Stem Cell Transplant Department, in the Stem Cell Bank of the Institute. During the first transplant procedure, the Institute's experienced staff directly supervised and performed tasks such as stem cell separation, stem cell transfusion, and close monitoring of the patient's progress. Among them, the Vietnam National University-HCM City (VNU-HCM) aims to be among the leading higher education institutions in Asia. Over eight weeks, doctors and nurses receive theoretical training and hands-on guidance on the autologous stem cell transplant procedure at the Stem Cell Transplant Department, in the Stem Cell Bank of the Institute. During the first transplant procedure, the Institute's experienced staff directly supervised and performed tasks such as stem cell separation, stem cell transfusion, and close monitoring of the patient's progress.
Source:Viet Nam News
June 29, 2023 10:27 UTC
Indonesian police arrest over 600 human trafficking suspects
The South Sulawesi Police present six human trafficking suspects during a news conference in Makassar on June 16. (Photo: jakartaglobe.id)Jakarta (VNA) – The Indonesian Police said on June 28 they have arrested 642 suspects charged with human trafficking during a crackdown this month. Director of General Crimes at the National Police's Criminal Investigation Agency, Brigadier General Djuhandhani Rahardjo Puro said that until June 28, police have uncovered 553 human trafficking cases involving as many as 642 suspects. Police also rescued 1,826 victims during the ongoing crackdown on people smuggling syndicates from June 5-27, he said. An anti-people smuggling task force was established early this month, following directives from President Joko Widodo, who also initiated a regional response to combat people smuggling in Southeast Asia during Indonesia’s chairmanship of ASEAN this year./.
Source:Viet Nam News
June 29, 2023 10:18 UTC
Indonesia spends over 380 million USD to buy 13 radar systems from France
World Bangkok pilots automatic traffic-management system With support of the Japan Agency for International Cooperation (JICA), Thailand’s Bangkok Metropolitan Administration (BMA) has launched an automatic traffic-management system on four city roads in a pilot project aimed at boosting vehicle flow along the routes. World Thai baht at 7-month low The Thai baht (THB) weakened to a seven-month low on June 28 as political uncertainty dampened investor appetite, while most other emerging Asian currencies also depreciated against a firmer dollar after resilient US data eased recession concerns. World Vietnam attends annual CSIS conference on East Sea A Vietnamese delegation attended the 13th annual conference on the East Sea held by the Washington DC-based Centre for Strategic and International Studies (CSIS) on June 29 (Vietnam time).
Source:Viet Nam News
June 29, 2023 09:53 UTC
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Source:Viet Nam News
June 29, 2023 09:23 UTC
Lao police seize 12 million meth pills, arrest six people
Six Lao nationals are arrested for transporting 12 million methamphetamine pills (Photo: Lao Security News)Vientiane (VNA) – Police in Laos' Xayaboury province have arrested six Lao nationals in Hongsa district for involving the transportation of 12 million methamphetamine pills. The suspects initially testified that they had been paid by a Thai person to transport the methamphetamine hidden in their trucks to Vientiane. Recently, Vientiane police also discovered over 5 million amphetamine pills in an SUV that flipped in the centre of the city. Drug has become one of the social problems and a main cause of violence, crimes, and other social misbehaviors, he said. In the first half of this year, Laos cracked down 1,734 drug cases nationwide, arrested 2,635 subjects, and confiscated more than 30 million drug pills, 179.49 kg of heroin, and 125.33 kg of opium and others./.
Source:Viet Nam News
June 28, 2023 20:25 UTC