VIETNAM NEWS HEADLINES APRIL 23
Vietnam aims for marathon’s gold medal at SEA Games 31Marathon - a long-distance foot race with a distance of 42.195 km – is among important events at the Southeast Asian Games (SEA Games), with Singapore, Indonesia and Thailand being regional powerhouses. Vietnam triumphed at track and field in various editions of SEA Games. VNA to launch special website on SEA Games 31The Vietnam News Agency (VNA) will launch a special website on the 31st Southeast Asian Games (SEA Games 31), the agency announced on April 22. The group will also implement an SMS communication service about the 31st SEA Games and put a free switchboard into operation to help deliver information about the 31st SEA Games. A street performance, a trade fair, and an exhibition displaying Hanoi tourism photos will also take place during the festival.
Source:Viet Nam News
April 23, 2022 20:42 UTC
Vietnam’s stock trading value ranks second in ASEAN
By the end of March, the market size had risen by 3.37 percent from last year to close to 78.3 million USD, equivalent to 21.4 percent of the GDP. The number of securities accounts is on a rise, with more than 676,000 newly opened in the first quarter of 2022, almost equal to the 2021 figure. Total accounts have exceeded 4.98 million so far, an increase of 15.7 percent compared to the end of last year. However, shares have been suffering decline over the last several weeks because of negative rumours in the real estate and securities sectors coupled with rising political tensions globally. The Ministry of Finance has requested the State Securities Commission to accelerate the improvement of related regulatory framework and finalise the strategy for the development of the stock market by 2030 to further enhance its transparency and promote stable growth./.
Source:Viet Nam News
April 23, 2022 17:52 UTC
Vietnam on way to become new global manufacturing hub
Illustrative image (Photo: VNA)Recently, Russia's Sputnik news agency posted an article saying that Vietnam is to become a new global production hub. (Photo: VNA)VNA- Vietnam is now on its way to becoming a new global manufacturing centre At a recent Investment Promotion Conference in Vinh Phuc province, K.C Chen, Deputy CEO of Compal Vietnam Co., Ltd (Taiwan) outlined the operation of its 500 million USD laptop factory in Vinh Phuc.According to him, the company is currently a manufacturer for Dell, Google and Amazon. The factory's production activities are stable and it expects to attract 15,000 workers by the end of the second quarter.In addition to this project, Compal - through its subsidiary, has also invested in the Arcadyan Technology project with a capital of 50 million USD in Vinh Phuc, which specialises in manufacturing electronic components. Along with big manufacturers that have their own factories such as Samsung, Intel and LG, there are more and more manufacturers specialising in outsourcing for world-famous electronic brands in Vietnam.Foxconn, Luxshare, Winston, Pegatron and Goertek are typical examples. The presence of the big names has made Vietnam a base for the production of electronics and mobile phone components, with the export turnover of phones and components, electronics, computers and components exceeding 27.3 billion USD in the first quarter of this year.
Source:Viet Nam News
April 23, 2022 05:46 UTC
Vietnam developing national brand ecosystem
One success story, Nguyen Huu Thuc, Director of the Chu Dau Porcelain Ceramic Joint Stock Company, said its brand has been built from a wide range of activities and it aims to reach out to the world. Branding experts agree that national brand development is largely dependent on product branding and corporate branding. Last year, despite COVID-19, Vietnam’s national brand value picked up 21.6 percent compared to 2020, rising to 388 billion USD and holding 33rd position in global rankings. All understand the significance of national brand development, but more effort is needed to increase the presence of Vietnamese national brands in the global market. An ecosystem comprising experts, national brands, and enterprises should therefore be established to promote the Vietnamese national brand./.
Source:Viet Nam News
April 23, 2022 00:24 UTC
VIETNAM NEWS HEADLINES APRIL 22
Commenting on the launch of several cross-border railway routes for the transport of goods between Vietnam and China, Hang said the rail routes, connecting Vietnam with the Chinese provinces of Sichuan and Anhui, opened on April 15-16. Women’s beach handball event removed from SEA Games 31Vietnam will not hold the women’s beach handball event at the upcoming Southeast Asian (SEA) Games 31, according to the organising board. HCM City transport department makes major changes to plans, to link neighbouring provincesThe HCM City Department of Transport has updated transport plans for until 2040. Vietnam football team meeting ticket price at SEA Games 31 up to US$22The organizing board of the 31st Southeast Asian Games (SEA Games 31) and the Vietnam Football Federation (VFF) yesterday had a working session with Phu Tho Province on the upcoming men's football matches. The highlight of this year’s event is the traditional costume show promoting Ao Dai of Vietnam and Hanbok of the RoK, slated for April 22 night.
Source:Viet Nam News
April 22, 2022 16:11 UTC
Vietnam, China finish joint sea patrol
– Coast guards of Vietnam and China completed their joint patrol in the waters adjacent to the demarcation line in the Gulf of Tonkin from April 19-21.This was the first of such move between the two sides in 2022 and the fourth conducted after a fisheries cooperation agreement in the Gulf of Tonkin waters between Vietnam and China expired on June 30, 2020. A vessel of the Chinese Coast guard (Photo: VNA)During their work, the forces conducted telephone exchange and supervised fishing vessels operating in the area (Photo: VNA)During their work, the forces conducted telephone exchange and supervised fishing vessels operating in the area.They also popularised regulations on fishing and COVID-19 control, along with practicing joint search and rescue at sea.According to Colonel Tran Van Tho, Commander of Vietnam Coast Guard Region 1, who led the Vietnamese side, the joint patrol was successful, contributing to promoting the relationship between the two Parties, States and peoples of Vietnam and China in general, and between the two Coast Guard forces in particular./.
Source:Viet Nam News
April 22, 2022 09:55 UTC
Vietnam calls for strengthened efforts to address conflict-induced hunger
Ambassador Dang Hoang Giang , Permanent Representative of Vietnam to the UN, delivers remarks at the meeting. (Photo: VNA)Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN, called on the international community to strengthen efforts to address conflict-induced hunger during a UN Security Council meeting on April 21.The Arria-formula meeting on conflict and hunger was attended by Máximo Torero Cullen, Chief Economist of the Food and Agriculture Organisation (FAO); Margot Van Der Velden, Director of Emergencies at the World Food Programme (WFP); and Michael Fakhri, UN Special Rapporteur on the Right to Food.In his remarks, Giang said the world’s food system has been increasingly challenged by conflicts, the COVID-19 pandemic, climate change and natural disasters. These have seriously threatened the global food security, especially with regard to countries and conflicts in Africa, Asia or Europe, he said.He welcomed recent efforts by the UN, FAO, WFP and humanitarian partners to provide aid to people in many areas; and encouraged the UN and partners to forge solutions to surging prices of many necessary commodities. He also suggested increasing the exchange of information and updates about areas where food insecurity emerges or evolves complexly.The Vietnamese diplomat emphasized that all parties to a conflict must adhere to international humanitarian law and do not use starvation as a method of warfare as stated in Resolutions 2417 and 2573.He also urged deepening cooperation between the UN and regional organisations in tackling the root causes of conflicts, building peace and preventing conflicts, thus reducing the risk of a conflict-induced hunger ASEAN has formed specific partnership in sustaining food security over recent years, he noted, adding the Vietnam views food security as the root of security, stability and development and will continue contributing to the world’s concerted efforts in addressing food security challenges./.
Source:Viet Nam News
April 22, 2022 08:50 UTC
HCM City leader receives Speaker of Indian lower house
Nguyen Van Nen, Secretary of the Ho Chi Minh City Party Committee, on April 20 hosted a reception for Speaker of the Indian Lok Sabha (the lower house) Om Birla, who is on an official visit to Vietnam.Briefing the Speaker and the parliament delegation of India on the COVID-19 prevention and control work in Vietnam and the southern city in particular in recent times, Nen thanked India for its help to the city in the fight against the pandemic. The assistance, including medical masks, drug and medical equipment and technology transfer, has contributed to the city’s efforts to overcome difficulties to keep the pandemic under control and promote economic recovery, he said.According to the city leader, the ongoing trip to Vietnam by Speaker Birla and the Indian delegation takes place at the time when Vietnam and Ho Chi Minh City in particular have been organising numerous activities marking the 50th anniversary of the diplomatic ties between Vietnam and India (1972-2022).Speaker Birla highlighted HCM City as a typical city for Vietnam in the struggle for national liberation in the past and a rising star in the national development process.He expressed his pleasure and belief that the Indian community living and working in the southern city will contribute to act as a bridge to promote cooperation and development of the two countries’ peoples.According to Birla, India hopes HCM City and Indian localities speed up cooperation in information technology that India is strong in. Besides, it is necessary to create favourable conditions for both countries’ businesses to learn about and promote cooperation and investment in tourism as India and Vietnam boast potential and strengths in the area./.
Source:Viet Nam News
April 21, 2022 23:06 UTC
Singaporean badminton player eyes gold medal at SEA Games 31
World Malaysia boost economic cooperation with Thailand Malaysia is working to further boost economic cooperation with Thailand to realise the target of 30 billion USD in bilateral trade by 2025, according to Bernama news agency. ASEAN Laos makes solid progress towards carbon neutrality The ADB said in a recent report that Laos has made solid progress towards achieving its nationally determined contributions (NDCs) under the Paris Agreement, aimed at achieving net-zero emission. ASEAN Vietnam urges ASEAN to early operate ASEAN portal for digital vaccination certification Vietnam has called for the early launch of an ASEAN portal for digital vaccination certification and suggested considering expanding its coverage to the bloc’s partners to facilitate trade, travelling and tourism both in and outside the region. World SEA Games 31: Singapore names 27 players of men’s U23 football squad The Football Association of Singapore has named 27 players of the men’s under-23 national team who will travel to Vietnam to participate in the upcoming 31st Southeast Asian (SEA) Games.
Source:Viet Nam News
April 21, 2022 21:38 UTC
Securities firm head, accomplices arrested for stock market manipulation
The police examine headquarters of Tri Viet Securities Corp (Photo: VNA)– The Ministry of Public Security on April 20 issued a decision to conduct investigations into a case accused of manipulating the stock market at Tri Viet Securities Corp, Louis Holdings Group, Louis Capital JSC and relevant agencies, and detained four people.The four are Do Thanh Nhan, Chairman of Louis Holdings Group and board member of Louis Capital; Do Duc Nam, CEO and board member of Tri Viet Securities Corp; Le Thi Thuy Lien, financial services executive of Tri Viet Securities; and Trinh Thi Thuy Linh, managing director of Louis Holdings Group.They are all accused of “manipulating the stock market” under Article 211 of the Criminal Code.Initial investigation results showed that from January 4 to October 6, 2021, Nam collaborated with Nhan and others to use multiple stock trading accounts to buy and sell shares of Louis Capital (stock code: TGG), Louis Land (stock code: BII) and some other firms to manipulate their prices, illegally earning hundreds of billions of VND.The police are collecting more evidence of the suspects’ violations and expanding investigations into the case./.
Source:Viet Nam News
April 21, 2022 11:08 UTC
VIETNAM NEWS HEADLINES APRIL 21
In Danang and Ho Chi Minh City, screenings will take place at Le Do Cinema, and at CineStar complex, District 1, respectively. Of the amount, Ho Chi Minh City will receive 193,800 doses and Hanoi will get 104,000 doses. This program is an initiative of the Vietnam National University Ho Chi Minh City and Hung Thinh Corporation to encourage and nurture young talents in mathematics and artificial intelligence in Vietnam. SEA Games 31’s mascot plush toys made to give athletes as presentsThe organizing board of the 31st Southeast Asian Games (SEA Games 31) is pushing up the production of simulation Saola mascot plush toys to give athletes as presents and serve fans and sports delegates during the sports tournament. SEA Games 31: 80 athletes to compete in tennis eventsA total of 80 athletes from various countries are to compete at the 31st Southeast Asian Games (SEA Games 31)’s tennis events, which will take place in the northern province of Bac Ninh from May 12 to 22, according to the organising committee.
Source:Viet Nam News
April 21, 2022 11:05 UTC
Vietnam to become second largest digital economy in Southeast Asia in 2025: experts
Illustrative image (Source: vneconomy.vn)– Vietnam can become the second largest digital economy in Southeast Asia in 2025, while the country’s e-commerce market will draw more large-scale businesses, forecast experts at an online seminar in Ho Chi Minh City on April 20.They also said that online businesses will involve more economic sectors and more big players in the time to come.Do Huu Hung, General Director of AccessTrade, held that e-commerce should be the first step, followed by logistics and delivery services to win stronger confidence among consumers and improve their shopping experience.Hung said that with better logistics and delivery services , the digital economy can make up 50-60 percent of the Vietnamese economy in the future.The years of 2020 and 2021 can be described as a special period with unprecedented changes under impacts of COVID-19 , where online business in Vietnam enjoyed a breakthrough growth in both domestic and foreign markets.According to the “E-Commerce White Book 2020”, the global revenue from B2C e-commerce activities is likely to rise by 1.5 times in the 2019-2023 period from 1.94 trillion USD to over 2.88 trillion USD. The book also predicted that Southeast Asia, including Vietnam, will see high growth.Phan Binh, Director of J&T Express Vietnam, said that businesses do not need giant shops but high quality products which will be delivered to customers through suitable services.Currently, many foreign firms have sought business opportunities in the potential market of Vietnam with the motto of "Think Global, Act Local". Meanwhile, online business activities have drawn a large number of companies, cooperatives, business households and individuals in both rural and urban areas.Experts advised enterprises operating online business to seek seek supports in consultations and solutions to develop one-stop-shop model.They also underlined the need for wider coverage of delivery services to meet the demand of the booming e-commerce sector./.
Source:Viet Nam News
April 21, 2022 05:30 UTC
Party leader urges Việt Nam, India to enhance comprehensive strategic partnership
VIETNAM, April 21 - Party leader urges Việt Nam, India to enhance comprehensive strategic partnership<p> </p> <div class="inline-image" id="_212683"><img class="inline-image-img" inline="true" old_doc_id="212683" src="https://image.vietnamnews.vn/uploadvnnews/Article/2022/4/21/212683_4197263576853324_trong.jpg"> <div class="inline-image-caption" id="caption_212683">Party General Secretary Nguyễn Phú Trọng (right) held talks with the visiting Speaker of the Indian Lok Sabha (the lower house) Om Birla on Wednesday. — VNA/VNS Photo Trí Dũng</div> </div> <p>HÀ NỘI — Party General Secretary Nguyễn Phú Trọng has received Speaker of the Indian Lok Sabha (the lower house) Om Birla, who is paying an official visit to Việt Nam.</p> <p>Speaker Birla congratulated Việt Nam on its successes under the Party General Secretary’s leadership, expressing his respect for the host’s enormous contributions to the strong development of bilateral parliamentary ties.</p> <p>He affirmed that India considers Việt Nam a pillar in its Act East policy and Indo-Pacific Strategy, noting that the two countries share interests and vision on regional and international issues and boast long-time connectivity in history and culture. They hold much potential for continuing to strongly develop their relations.</p> <p>The visiting Speaker underlined the countries’ coordination in international affairs and asked for stronger cooperation in defence-security, trade, energy, tourism, and cultural and people-to-people exchanges.</p> <p>Welcoming Speaker Birla and the Indian delegation, General Secretary Trọng viewed their trip to Việt Nam as highly important, particularly when the two sides are marking the 50th anniversary of their diplomatic ties this year, which will help cement their comprehensive strategic partnership.</p> <p>He shared his guests’ view on the traditional relations that boast many similarities and mutual support, appreciating India’s aid for Việt Nam in the COVID-19 response.</p> <p>Agreeing with the Speaker’s proposals for cooperation reinforcement, the Party leader asked both countries to keep working together and sharing experiences to enhance the comprehensive strategic partnership.</p> <p>He recommended that they continue discussing, consulting, and coordinating with each other at international parliamentary forums, sharing viewpoints on regional and international issues, and contributing to peace, stability, cooperation, and development in the region and the world.</p> <p>Earlier in the day, the Indian leader visited Hạ Long Bay, a world natural heritage site in the northern province of Quảng Ninh.</p> <p>Welcoming the Indian delegation, Secretary of the provincial Party Committee Nguyễn Xuân Ký provided a brief on the province's socio-economic development and expressed his hope that the visit would strengthen India’s relations with Việt Nam, including Quảng Ninh, especially in tourism.</p> <p>Ký expected that Quảng Ninh would continue to be the venue for the International Day of Yoga held by the Indian Embassy in Việt Nam, helping attract tourists, including those from India, to the province.</p> <p>Birla appreciated the warm welcome of local leaders, noting the beauty of Hạ Long Bay had left a strong impression on him.</p> <p>Wishing Quảng Ninh more successes on its development path, he voiced his belief that through his official visit, India and Việt Nam, including the province, would step up people-to-people and cultural exchanges, as well as cooperation in areas such as information technology, aviation and tourism.</p> <p>Hạ Long Bay, recognised as a world natural heritage site by UNESCO, boasts thousands of magnificent islands and beautiful landscapes. It is a popular destination for both Vietnamese and international visitors. — VNS</p> <p> </p>
Source:Viet Nam News
April 21, 2022 03:03 UTC
VIETNAM NEWS HEADLINES APRIL 20
The project costs nearly VND11.5 trillion in investment sourced from Japan’s bank loans and was developed under the build-transfer format. Vietnam - Nepal friendship association establishedA congress to announce the establishment of the Vietnam - Nepal Friendship Association (VNFA) took place in Hanoi on April 19. The exhibition, which opened on April 19, is jointly held by the Vietnam Union of Friendship Organisations (VUFO), the Vietnam-Cuba Friendship Association and the publishing house. The nearly 50 publications displayed also feature Cuban heroes, as well as the nation and culture of Vietnam and its foreign policy. They include two books by General Secretary of the Communist Party of Vietnam (CPV) Nguyen Phu Trong on Vietnam’s national construction, which were published in Spanish.
Source:Viet Nam News
April 20, 2022 22:34 UTC
Algeria remains promising market for Vietnam: offical
An overview of the consulting session (Photo: VNA)At a recent consultation for domestic firms held by the Trade Promotion Agency under the Ministry of Industry and Trade, Thuan said that at the end of the first quarter of 2022, Vietnam shipped 30.95 million USD worth of goods to Algeria, mostly coffee, pepper, aquatic products, metal and chemicals.According to the official, Algeria has great demand for coffee, green tea, rice, footwear, iron and steel products, packaging materials, wood and wooden furniture, automobile accessories and spare parts, and household appliances.He underlined that Algeria has encouraged foreign investors, including those from Vietnam, to seek partnership in production in the country to improve its domestic production capacity, diversify the economy and reduce its dependence on oil.Besides, Vietnamese firms can also take advantage of the African Continental Free Trade Area which took effect from January 1, 2021, to increase investment in gateway markets in Africa to enjoy benefit from origin incentives, workforce, and on-site materials.To exploit this market, Thuan advised Vietnamese businesses to provide full and detailed information on the products and offer affordable prices as the import tax rate in Algeria is quite high, while focusing more on packaging and maintaining their high prestige in the market./.
Source:Viet Nam News
April 20, 2022 21:25 UTC