US Treasury maintains stance of not listing Việt Nam as currency manipulator
HÀ NỘI — The latest semi-annual report from the US Department of the Treasury has once again excluded Việt Nam from its list of currency manipulators, according to an announcement by the State Bank of Vietnam (SBV) early this week. This report assesses the macro-economic and foreign exchange policies of the US's major trading partners based on three criteria: trade surplus with the US, current account surplus, and persistent, unilateral intervention in the foreign exchange market. The US Treasury's monitoring list of major trading partners includes six economies: China, Germany, Malaysia, Singapore, Taiwan (China), and Việt Nam. Therefore, it was named in the monitoring list. The SBV said that at its recent meetings with the central bank, the US Treasury highly valued Việt Nam’s governance of the monetary policy and foreign exchange rates, which showed the Southeast Asian country’s seriousness in addressing the US side’s concerns and maintenance of the stability of the financial and monetary markets and the macro-economy amid numerous difficulties and challenges.
Source:Viet Nam News
November 10, 2023 20:39 UTC
New salary regime to be implemented from July 2024
The National Assembly has requested that the Government implement salary policy reform under Resolution No 27 from July 1, 2024. Accordingly, officials and civil servants will be paid according to their job position instead of the current low, unmotivating salary policy. The Ministry of Home Affairs has developed six specific contents in the new salary regime, according to title and job position. There are 861 positions for public officials and civil servants, of which 137 are leadership and management positions, 665 are in specialised civil servant groups, and 22 are in support teams. The move is expected to make a drastic change in salary payment policy of Vietnam./.
Source:Viet Nam News
November 10, 2023 17:28 UTC
HKPC announces the key findings on the "Hong Kong AI Industry Development Study"
Overview of domestic and overseas AI industry development: Governments worldwide are promoting the development of AI-led industries. These reformed listing rules will attract more AI companies to list in Hong Kong and more venture capital funds to come to Hong Kong. Additionally, formulate preferential policies to encourage AI companies to relocate non-local AI tech employees to Hong Kong and attract AI talent from across the globe to develop in Hong Kong. HONG KONG SAR - Media OutReach - 10 November 2023 - Hong Kong Productivity Council (HKPC) released the key findings on their "Hong Kong AI Industry Development Study" today, focusing on the status of Hong Kong's artificial intelligence (AI) industry development, domestic and overseas competition and local corporate utility. "Please click here to view the key findings of "Hong Kong AI Industry Development Study" (Chinese only).
Source:Viet Nam News
November 10, 2023 16:03 UTC
VIETNAM NEWS HEADLINES NOVEMBER 10/2023
Vietnam committed to zero tolerance for drug crimesA representative of Vietnam affirmed that Vietnam is committed to zero tolerance for drug crimes at the 30th Anti-Drug Liaison Officials' Meeting for International Cooperation. Plenty of room for Vietnam to boost urban development: OfficialWith the current urbanisation rate of only 42.6%, there is plenty of room for Vietnam to promote urban development, Minister of Construction Nguyen Thanh Nghi said at a forum on sustainable urban development held in Hanoi on November 8. According to the Resolution, after 35 years of “Doi moi” (Renewal), Vietnam has gained important achievements in urban development, including the expansion of urban spaces and improved socio-economic infrastructure. Speaking at the opening ceremony, Australian Ambassador to Vietnam Andrew Goledzinowski said that NGOs are a key partner in Australia’s overseas development assistance globally and in Vietnam. Nguyen Ngoc Hung, VUFO Vice President said that Australian NGOs have been supporting and partnering with Vietnam from early stages.
Source:Viet Nam News
November 10, 2023 16:01 UTC
Media Future Labs to return at 2023 Global Media Congress with an expert line-up
ABU DHABI — ADNEC Group and Emirates News Agency (WAM) have confirmed the return of the popular Media Future Labs at this year's Global Media Congress (GMC), taking place at the Abu Dhabi National Exhibition Centre (ADNEC) in Abu Dhabi from 14 – 16 November 2023. These no-holds-barred discussions tackle the most pressing issues facing the global media landscape in 2023 and beyond. Bringing together leaders, operators, and innovators on the frontlines of the world's media, the Media Future Labs critically examine the challenges and opportunities faced by players across the media spectrum. We are delighted to welcome a diverse and expert line-up to six new Media Future Labs this year in what promises to be a fascinating series of discussions. Registration to join the audience for each Media Future Lab is highly recommended, as places are limited.
Source:Viet Nam News
November 10, 2023 15:19 UTC
Vietnam urges immediate ceasefire in Israel - Hamas conflict zone
MoFA Spokeswoman Pham Thu Hang speaks at a press meeting of the ministry. (Photo: VNA)– Spokeswoman of the Ministry of Foreign Affairs Pham Thu Hang on November 9 emphasised Vietnam’s appeal for an immediate ceasefire in the Israel - Hamas conflict zone.“Vietnam strongly condemns the violent attacks against civilians, humanitarian workers, journalists, and essential infrastructure facilities,” Hang responded to a reporter’s question about the escalating tension in the zone of the Israel - Hamas conflict while addressing the ministry’s regular press meeting.“In the spirit of the resolution adopted by the United Nations General Assembly at the emergency special session on October 27, we call on the parties concerned to exercise an immediate ceasefire, adhere to international law and international humanitarian law, protect civilians and civilian infrastructure, open a humanitarian corridor, and immediately release the hostages taken.“Vietnam welcomes and supports efforts by the international community to promote the parties’ self-restraint, dialogue, and settlement of differences by peaceful means on the basis of international law and the relevant resolutions of the UN to achieve a just, appropriate, and long-term solution to the Middle East peace process,” the official added./.
Source:Viet Nam News
November 09, 2023 23:13 UTC
ESG implementation key to net-zero goal and sustainability
However, integrating and incorporating ESG standards into brand development still faces numerous difficulties and challenges. He said an increasing number of foreign investors have been making the implementation of ESG a key priority in investing in Việt Nam in recent years. Vinh said businesses can use the Corporate Sustainability Index, established by VCCI in 2016, to review their ESG performance to identify weaknesses and potential. She said that once successfully implemented, ESG will play an important part in helping businesses identify key issues and realise their full potential. During the event, participants discussed difficulties and challenges in the implementation of ESG in Việt Nam, as well as international experiences and recommendations to help the government and businesses adopt the standards.
Source:Viet Nam News
November 09, 2023 20:14 UTC
Connecting trade and investment between Việt Nam and the US’ Montgomery County
HÀ NỘI — The Vietnamese-American Business Council (VABC) with support from the American Chamber of Commerce in Việt Nam organised a trade promotion programme between Montgomery County in Maryland of the US and Vietnamese businesses in HCM City on Tuesday. The event provides opportunities for Vietnamese investors and businesses to learn more about Montgomery County's strengths and opportunities for business development through co-operation with government, agencies and business organisations of Montgomery County. Within the framework of the event, many investors have shared opportunities for co-operation in the fields of technology, artificial intelligence, biotechnology. It will play a consulting role, connecting partners and information with senior government officials, business leaders and trade organisations from Montgomery County and Việt Nam. Montgomery County, Maryland, is the third largest biotechnology center in the US, with strengths in the fields of biotechnology, artificial intelligence, cyber security technology.
Source:Viet Nam News
November 09, 2023 19:11 UTC
Vietnam has necessary conditions, factors to develop semiconductor industry: Insiders
Illustrative image (Photo: baodautu.vn)Vietnam has necessary conditions and factors to develop the semiconductor industry. According to HSBC, half of Samsung's global smartphone output comes from Vietnam. This has also encouraged other tech giants, especially Apple, to expand their operations.Do Van Su, Deputy Director of the Foreign Investment Agency, said that there is a shift of capital from North American investors to Vietnam. To date, US-based Apple has completed the transfer of 11 audio-visual equipment factories to the Southeast Asian nation. The country has been increasingly attracting major semiconductor corporations from the Republic of Korea, Taiwan (China), and the US.According to her, US President Joe Biden's visit to the country in September and the jointly announced upgrade of bilateral relations to a comprehensive strategy was a demonstration of the US and Vietnam's cooperation in innovation and development of the semiconductor industry as their highest priorities.At the ongoing sixth plenary session of the 15th National Assembly, in a report on the goals and targets of Vietnam's economy in 2023, 2024 and the following years, Prime Minister Pham Minh Chinh emphasised the development of several key industries that Vietnam is aiming for, including the processing, manufacturing, and semiconductor industries.According to Minister Dung, Vietnam has a wealth of potential, opportunities and all the necessary conditions and factors to develop the semiconductor ecosystem./.
Source:Viet Nam News
November 09, 2023 15:00 UTC
VIETNAM NEWS HEADLINES NOVEMBER 9/2023
He also suggested increasing the frequency of flights between the two countries to boost people-to-people exchanges and tourism cooperation. On this occasion, he invited Eliane Tillieux and a delegation of the Belgian Chamber of Representatives to visit Vietnam. Congratulating Juan Carlos Fernandes Juarez on assuming his duty as Venezuelan Ambassador to Vietnam, President Thuong expressed his belief that during the term, the Vietnam - Venezuela cooperation will obtain new achievements. The city has also pushed ahead with the rural tourism development programme in line with the 2021-2025 new rural development strategy. The exhibitions of traditional costumes of Vietnamese ethnic groups have helped him raise funds for humanitarian projects in Vietnam.
Source:Viet Nam News
November 09, 2023 10:03 UTC
Vietnam joins 39th Havana International Fair
The 39th Havana International Fair ( FIHAV ), the largest annual event of its kind in Cuba and the Caribbean region, lasts from November 6 to 13 with the participation of over 800 businesses from 60 countries and territories worldwide. (Illustrative image - Source: Prensa Latina)Vietnam on November 8 opened its 400-sq.m national pavilion at the 39th Havana International Fair (FIHAV), the largest annual event of its kind in Cuba and the Caribbean region.The fair lasts from November 6 to 13 with the participation of over 800 businesses from 60 countries and territories worldwide.Representatives of 16 Vietnamese firms are present at the fair, with more than 50 others sending their products for display. The Vietnamese space is showcasing agricultural products, processed food, household items, construction materials, interior and exterior decorations, vaccines, and biological products.Speaking at the opening ceremony, Cuban Minister of Transport Eduardo Rodríguez Dávila expressed his gratitude to Vietnam for maintaining a strong relationship and cooperation with the Caribbean nation for over the past six decades, especially in times of hardship. He noted that the Southeast Asian country has become Cuba’s second-largest trading partner in Asia and the largest rice supplier in the world.The minister expressed his confidence that Vietnamese enterprises will continue to invest and operate steadily in Cuba for the development and benefits of the two countries' people.Deputy Director of the Vietnam Trade Promotion Agency (Vietrade) Hoang Minh Chien said bilateral trade reached 181.8 million USD in 2022.On the same day, the Vietnamese Embassy in Cuba, in collaboration with the Cuban Chamber of Commerce and relevant units, organised a Vietnam-Cuba business forum within the framework of FIHAV 2023.The event gathered more than 100 Vietnamese and Cuban enterprises with capabilities and experience in various fields such as farm produce, food and beverages, household appliances, handicrafts, agricultural and construction machinery, and healthcare./.
Source:Viet Nam News
November 09, 2023 09:27 UTC
DOC requested to conduct anti-subsidy probe into Vietnam’s frozen warmwater shrimp
HÀ NỘI — The US Department of Commerce (DOC) has received a request for anti-dumping and anti-subsidy investigations on frozen warmwater shrimp imported from a number of countries, including Việt Nam, according to the Trade Remedies Authority of Việt Nam under the Ministry of Industry and Trade (MoIT). The DOC was asked to investigate frozen warmwater shrimp products with codes HS 0306.17, 1605.21 and 1605.29 imported from Ecuador, India, Indonesia and Việt Nam. Việt Nam is included in the list as Vietnamese shrimp products have been subject to anti-dumping taxes by the US since 2004, said the authority. The authority said that the plaintiff requested the DOC to initiate an anti-subsidy investigation on both frozen and fresh shrimp from Việt Nam and alleged that subsidies for fresh shrimp suppliers are considered subsidies for frozen shrimp producers and exporters as fresh raw shrimp accounts for a large proportion of up to 95 per cent of the value of frozen warmwater shrimp of Việt Nam. The DOC is expected to announce its decision to whether initiate the investigation or not on November 14.
Source:Viet Nam News
November 09, 2023 08:59 UTC
Viet Nam News hosts seminar on ESG practices
Business Vietnam treasures relations with Russia: PM Prime Minister Pham Minh Chinh on November 9 affirmed that Vietnam always treasures its relations with Russia and remembers the wholeheartedly support the country has given to Vietnam during its national protection, construction and development. Business Mekong Connect Forum to run in HCM City in mid-November The Mekong Connect 2023 Forum will take place in Ho Chi Minh City on November 15 and 16, highlighting the connection of supply and value chains between the city and 13 Mekong Delta localities towards a green and sustainable economy. Business Italian firms promote packaging products, technologies in Vietnam Products of leading Italian firms in the packing production, processing and packaging sector are being introduced at the 16th International Processing and Packaging Exhibition and Conference for Vietnam (ProPak Vietnam 2023), which is taking place in Ho Chi Minh City from November 8-10.Business Carbon mechanism prompts exporters to green up: Experts The European Union (EU)’ Carbon Border Adjustment Mechanism (CBAM) is a challenge for many sectors of Vietnam but also a motivation for businesses to speed up green transition to meet sustainable production standards, heard a conference in Ho Chi Minh City on November 8.
Source:Viet Nam News
November 09, 2023 08:23 UTC
VIETNAM NEWS HEADLINES NOVEMBER 8/2023
Gaerte unveiled the information at a working session with the Sports Authority of Vietnam in Hanoi on November 7. iLead leadership values education programme is a cooperation programme between Shinhan Life Insurance Vietnam Limited Liability Company, BNJ Vietnam Company Limited (BNJ) and SOS Children's Village Vietnam. Shinhan Life Vietnam and BNJ Vietnam also awarded the children certificates of merit as a special recognition and encouragement, encouraging their efforts and self-improvement in their journey to adulthood. Waste recycling activities not live up to public expectationsThe hierarchy gives top priority to recycling, and other types of recovery in environmental management policy in Vietnam. Chairman of the Vietnam Waste Recycling Association Tran Viet Anh also said that it is estimated that Vietnam generates about 64,000 tons of household solid waste every day and this number of household solid waste is constantly increasing over the years.
Source:Viet Nam News
November 09, 2023 01:09 UTC
Vietnam sends over 132,000 laborers abroad in 10 months
The figure surpassed the target set for the year by 20%. Among the workers sent abroad in the period, some 44,700 were female, accounting for nearly 30%. Japan remained the top destination of Vietnamese guest workers with 67,500, followed by Taiwan (China), with more than 50,960, the Republic of Korea with approximately 6,000, and China with nearly 1,700. According to statistics from enterprises, about 21,100 laborers were sent abroad in October alone. Previously, the Ministry of Labor, Invalids and Social Affairs has issued a decree regulating economic, and technical norms on foreign language training, for Vietnamese laborers working abroad under contracts./.
Source:Viet Nam News
November 08, 2023 18:17 UTC