China reopens one more border gate with Vietnam for fresh fruit imports
– Chinese authority on January 12 re-opened its Hekou International Border Gate – which pairs with Vietnam's Kim Thanh II border gate in the northern province of Lao Cai – for imported fresh fruits , including dragon fruit, and frozen foods from Vietnam, according to the Ministry of Industry and Trade.The move is expected to reduce congestion at the shared border gates between the two countries in Lang Son and Quang Ninh after China has suspended imports of Vietnamese dragon fruits via Youyi Guan border gate (Huu Nghi border gate in Vietnam) and Pu Zhai (Tan Thanh of Vietnam) since December 29, 2021.Data of the General Department of Vietnam Customs shows that nearly 35 percent of Vietnamese dragon fruit exports to China went through border gates in Lao Cai.However, the Chinese side has warned of a decrease in loading capacity at Hekou Border Gate as many workers there had left for Lunar New Year holiday. It has also advised the Vietnamese side to strictly observe COVID-19 control rules and proactively regulate shipments of goods through border gates to prevent congestion.China has halted imports of Vietnamese fresh fruits via Hekou Border Gate since July 18, 2021 after coronavirus was found on packaging of dragon fruits shipped from Vietnam.The lift of the ban resulted from multiple efforts made by the Ministry of Industry and Trade and Vietnamese localities to work with the China side on the issue since then./.
Source:Viet Nam News
January 12, 2022 09:00 UTC
VN to boost domestic 'supporting industries'
VIETNAM, January 12 - VN to boost domestic 'supporting industries'<p> </p> <div class="inline-image" id="_196212"><img class="inline-image-img" inline="true" old_doc_id="196212" src="https://image.vietnamnews.vn/uploadvnnews/Article/2022/1/11/196212_4110603499085522_vna_potal_chi_so_san_xuat_cong_nghiep_thang_12021_tang_222_stand (1).jpg"><pwa-container-wrapper><pwa-container class="pwa-container " data-uid="pwa_4CA8543A3640F95F43B0B26CC0336C7D"><pwa class="pwa-mark" data-pwa-category="spelling" data-pwa-heavy="false" data-pwa-hint="Incorrect named entity spelling: Việt Nam" data-pwa-id="pwa-53FF5D9E8B6E79AAF6B1ED4D91DF022C" data-pwa-rule-id="SSNE_1ED8EB53AB065C242A0B2F3DFEE11449" data-pwa-style-category="spelling" data-pwa-suggestions="Viet Nam"></pwa><pwa class="pwa-mark" data-pwa-category="spelling" data-pwa-heavy="false" data-pwa-hint="Incorrect named entity spelling: Việt Nam" data-pwa-id="pwa-C07A15D9107378E4719B5AB42CDB9ACD" data-pwa-rule-id="SSNE_1ED8EB53AB065C242A0B2F3DFEE11449" data-pwa-style-category="spelling" data-pwa-suggestions="Viet Nam"></pwa><pwa class="pwa-mark" data-pwa-category="spelling" data-pwa-heavy="false" data-pwa-help-article-id="1000042" data-pwa-hint="Unknown word: Việt" data-pwa-id="pwa-846DE556773A56D6CD178FE465ED3DD7" data-pwa-rule-id="SIMPLE_SPELLING" data-pwa-style-category="spelling" data-pwa-suggestions="VIET~Vilt~Vint~Viot~Virt"></pwa><pwa></pwa></pwa-container></pwa-container-wrapper> <div class="inline-image-caption" id="caption_196212" pwa-fake-editor="" pwa2-uuid="EDITOR-5D3-839-04AB7-FA6" spellcheck="false">Workers at a car factory in northern Việt Nam. Việt Nam aims for 6-6.5 per cent GDP growth this year. </p> <p>The objective is to seek and connect domestic firms that can produce parts for industrial production to reduce the country's reliance on foreign supply. In order for Việt Nam to realise its 6-6.5 per cent GDP target this year, industrial sectors must boost industrial production by 7-8 per cent.</p> <p>The ministry is to provide domestic firms with the necessary support, especially for those in key industries, to join the supply chain and speed up global integration. </p> <p>Among the 63 cities and provinces nationwide, Ninh Thuận saw the highest growth at 24.6 per cent.
Source:Viet Nam News
January 12, 2022 01:56 UTC
Vietnam, Canada eye stronger economic cooperation
At the signing ceremony (Photo: VNA)– Vietnamese Deputy Minister of Industry and Trade Do Thang Hai and Chief Trade Commissioner and Assistant Deputy Minister Sara Wilshaw at Global Affairs Canada signed a Memorandum of Understanding ( MoU ) on establishing a joint economic committee (JEC) between the two countries on January 11.Addressing the online signing ceremony, Canadian Minister of Small Business, Export Promotion and International Trade Mary Ng affirmed that Canada recognises the growing importance of creating trade opportunities with Vietnam and the Indo-Pacific region for its supply chain, long-term economic growth, and competitiveness.Businesses and labourers in both countries will benefit from strong and diverse supply chains with the support of the JEC, she said.Global Affairs Canada (GAC) said in a statement that “To drive a strong, sustainable, and inclusive economic recovery, the Government of Canada is committed to strengthening the country’s international trade ties with fast-growing markets, such as Vietnam’s”. Vietnam is not only an important global trading partner of Canada but also a dynamic economic player in the Indo-Pacific, it noted.By establishing the JEC, the Government of Canada is advancing trade diversification in the region basing on the success of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and collaboration through the Asia-Pacific Economic Cooperation (APEC) forum, as well as advancing free trade negotiations between Canada and the Association of Southeast Asian Nations (ASEAN), of which Vietnam is a member.The MoU will provide a platform to improve dialogue and collaboration on shared and emerging priorities with Vietnam which is Canada’s largest trading partner in ASEAN, the statement said.It is hoped to help deepen the Canada-Vietnam bilateral relationship, enhance Canada’s presence in the Indo-Pacific and create opportunities for Canadian businesses to scale up and grow internationally, it added.Despite complicated developments of the COVID-19 pandemic, two-way trade between Vietnam and Canada hit approximately 5.4 billion USD in the first 11 months of 2021, representing a year-on-year increase of 16.6 percent.By November 2021, Canada was the 14th biggest foreign investor in Vietnam with 231 projects worth 4.81 billion USD, mainly in the areas of hotel service, insurance, and renewable energy./.
Source:Viet Nam News
January 11, 2022 16:00 UTC
Vietnam-Belarus trade yet to match potential: Deputy FM
At the working session (Photo: VNA)Hanoi (VNA) – Vietnamese Deputy Minister of Foreign Affairs Dang Hoang An has said two-way trade between Vietnam and Belarus remains modest and has yet to match potential. Data from the General Department of Vietnam Customs showed that two-way trade hit 108.5 million USD in 2020, 10.8 million USD of which was from Vietnam’s exports. As of the third quarter of 2021, the figure reached 89.6 million USD, up 38.1 percent annually. Following the working session with the MoIT’s leaders, Barysevich will work with the MoIT’s Vietnam Trade Promotion Agency on initiatives to boost bilateral trade. The deputy minister said new driving forces need to be created to develop bilateral ties on par with their political relations./.
Source:Viet Nam News
January 11, 2022 13:57 UTC
VIETNAM NEWS HEADLINES JANUARY 11
Dang Thu Thao to judge Miss Teen International Vietnam 2021Dang Thu Thao, the winner of Miss Vietnam 2012, is set to serve on the judging panel for the upcoming Miss Teen International Vietnam 2021 pageant. The Miss Teen International Vietnam 2021 competition is open to all female Vietnamese citizens aged 13 to 19. The Winner of Miss Teen International Vietnam 2021 will subsequently be selected to represent the country in competing in Miss Teen International 2022, which is set to transpire in February 2 in India. Conference reviews project on Vietnam – Cuba defence tiesA conference to assess the Defense Ministry-level scientific research project, themed “Vietnam – Cuba defence cooperation through the memoirs historical witnesses”, was held by the Department of Military Science on January 10 in Hanoi. This prestigious award once again affirms the potential and attractiveness of Vietnam tourism to international visitors.
Source:Viet Nam News
January 11, 2022 11:50 UTC
Domestic firms urged to engage more in Vietnamese startups
Illustrative photo. Data shows that investment in Vietnamese startups hit a record high of over 1.3 billion USD last year but a majority of the funding came from foreign ventures.Domestic resources, though abundant, have not been unleashed, Quat said, urging that Vietnamese high-performing corporations will better engage in innovation and tech startup projects in the country.These corporations, which are the country’s largest resources, mainly use imported technologies while many local technologies have failed to get commercialised, he noted. “So we all expect major Vietnamese companies will be the ones to “order” solutions from startups and the first to use the products.”Investment into Vietnamese startups nosedived by 60 percent to 317 million USD in 2020 from 861 million USD due to impacts of COVID-19. The figure bounced back strongly to a record high of more than 1.3 billion USD last year.Vietnam is home to 3,800 startups but only 100 of them were able to raise funding annually on average. In 2021, just 147 projects succeeded in funding raising even though there are 200 capital ventures in the country.During the event, Sihub and Viet Lotus signed an agreement to boost the development of ecosystem for innovative startups in the coming time./.
Source:Viet Nam News
January 11, 2022 09:19 UTC
Vietnam to mark World Wetlands Day
Van Long Wetland Nature Reserve in northern province of Ninh Binh. (Photo: VNA)Vietnam will join other United Nations member states to mark World Wetlands Day on February 2 this year, according to a notice sent by the Ministry of Environment and Natural Resources (MoNRE) to concerned ministries, organisations, and cities and provinces.World Wetlands Day marks the date of the adoption of the Convention on Wetlands on February 2, 1971. 2022 will be the first year that World Wetlands Day will be observed as a UN international day , following its adoption by the UN General Assembly on August 30, 2021 in a resolution co-sponsored by 75 member states.This year’s event is themed “Wetland Action for People and Nature,” aims to motivate individuals, businesses, and governments to “invest financial, human and political capital to save the world’s wetlands from disappearing and to restore those we have degraded.”It was estimated that wetlands, amongst the world’s most valuable ecosystems and essential regulators of the global climate, are disappearing three times faster than forests. It has been joined by 172 UN member states. Vietnam participated the convention in 1989, making it the first signatory in Southeast Asia./.
Source:Viet Nam News
January 11, 2022 09:05 UTC
Customs clearance resumed at border gates, crossings with China
- The Ministry of Industry and Trade said that on January 10 morning, China’s Guangxi province officially resumed customs clearance at border gates and border crossings in its Dongxing city bordering Mong Cai city of Vietnam’s Quang Ninh province, including bridges Bac Luan 1 and Bac Luan 2, and pontoon bridge Km 3+4.These pairs of border gates and border crossings are very important for imports and exports of both sides.The Guangxi side said at first, priority will be given to handling goods, especially farm produce and frozen products, which are being stuck at the border gates.Previously, to review and strengthen COVID-19 prevention and control measures, Guangxi temporarily suspended customs clearance at border gates in Dongxing city from December 21, 2021.Thanks to continuous efforts and goodwill discussions of both sides, since January 5, 2022, Guangxi has gradually reopened pairs of border gates and border crossings between the province and Vietnam.In recent working sessions with the Vietnamese Ministry of Industry and Trade, the Chinese side has repeatedly emphasised its high requirements for pandemic prevention and control and asked Vietnam to work together to ensure the safety of vehicles and goods.Vietnamese Deputy Prime Minister Le Van Thanh has assigned ministries, sectors and localities to work with China to speed up customs clearance, striving to remove the congestion of trucks carrying goods for export at border gates before the Lunar New Year./.
Source:Viet Nam News
January 10, 2022 20:21 UTC
Vietnam considers new car number plate format
The possible new format of The possible new format of Vietnam 's car number plate. (Photo: zingnews.vn)The Ministry of Public Security’s Traffic Police Department is studying changes to the current format of car registration plate s, according to the department's deputy director Colonel Do Thanh Binh.Possible changes include new font and the addition of a QR code, the national flag and symbol of the car’s year of production, Binh said.It is part of an effort to stop drivers from covering their number plates with tape to avoid getting detected for traffic fines. “With the new font, it will be very difficult for drivers to tape (the number plate),” he explained.The department is testing the new plate format in various physical environments and lighting conditions to see how they are seen by surveillance camera system and human eyes./.
Source:Viet Nam News
January 10, 2022 16:10 UTC
Vietnam diversifies dragon fruit markets
The ministry said Vietnam’s dragon fruit export to India, a country with a large proportion of population consuming dragon fruit at weddings, went up quickly during 2019-2020, reaching over 11,000 tonnes and fetching 9.86 million USD. Experts at the ministry suggested Vietnamese authorities hold regular talks with foreign counterparts, as well as forming working groups and subcommittees, in order to expand its market reach overseas. In addition, domestic associations and trade promotion agencies are also recommended to cooperate with diplomatic representatives abroad on trade promotion programmes to help firms improve their competitiveness in international markets. Meanwhile, to sustain the consumption of Vietnamese fruit, it is necessary to hold more trade forums to promote the fruit worldwide and develop the domestic market to be less dependent on trade with China. In the near future, firms should also take advantage of free trade agreements to bring dragon fruit exports to the next level./.
Source:Viet Nam News
January 10, 2022 12:34 UTC
VIETNAM NEWS HEADLINES JANUARY 10
Vietnam Football Federation has new acting presidentPermanent Vice President of the Vietnam Football Federation (VFF) Tran Quoc Tuan will serve as Acting President until a new president for the 2022-26 term is elected. They will cooperate to effectively carry out activities to celebrate the Year of Friendship and Solidarity between Vietnam - Laos, Laos – Vietnam in 2022, as well as the 60th anniversary of the establishment of diplomatic relations and the 45th anniversary of the signing of the Vietnam - Laos Treaty of Friendship and Cooperation. New cold spell to hit northern Vietnam from January 10 nightA new cold snap is projected to hit north-eastern Vietnam starting January 10 night,according to the National Centre for Hydro-Meteorological Forecasting. It will be broadcast live on the Vietnam Television Channel 1 (VTV1), the CPV Online Newspaper, and the Vietnam National Defense Television channel. 2021 Vietnam Motorkhana Championship launchedThe 2021 Vietnam Motorkhana Championship was launched at a press conference in Hanoi, on January 8.
Source:Viet Nam News
January 10, 2022 07:13 UTC
Vietnam Youth Symphony Orchestra set up
The Vietnam Youth Music Institute (VYMI) has just put forward an initiative to establish Vietnam Youth Symphony Orchestra (VYO) with the support and strategic cooperation from Vietnam National Symphony Orchestra (VNSO). The Vietnam Youth Music Institute (VYMI) has just put forward an initiative to establish Vietnam Youth Symphony Orchestra (VYO) with the support and strategic cooperation from Vietnam National Symphony Orchestra (VNSO). This move aims to establish a non-professional orchestra programme for young people of all nationalities aged between 12 to 22. VYO rehearses on Sunday mornings at the VNSO’s rehearsal hall, 226 Cau Giay with full facilities and guidance from professional artists of VNSO. Besides, young people of VYO will have opportunities to perform with VNSO.
Source:VietNamNet News
January 10, 2022 04:28 UTC
COVID-19: 15,779 new infections recorded, Hanoi tops localities
As many as 15,779 people have tested positive for coronavirus in 60 cities and provinces across Vietnam during the past 24 hours, with Hanoi capital topping localities in infection number. Hanoi capital in the north again topped localities nationwide as its daily count surpassed the 2,800 mark, hitting 2,811. Binh Phuoc also registered to add 7,402 cases to the national COVID-19 database after summarizing its statistics. Official data from the MoH also show that 12,210 more patients recovered from the disease and 202 more patients died of COVID-19 and underlying illnesses. As many as 34,319 patients have died of the virus, making up 1.8% of the total number of infections.
Source:VietNamNet News
January 10, 2022 01:12 UTC
Vietnam-Laos trade value surges over 30 percent in 2021
Business Customs clearance resumed at border gates, crossings with China The Ministry of Industry and Trade said that on January 10 morning, China’s Guangxi province officially resumed customs clearance at border gates and border crossings in its Dongxing city bordering Mong Cai city of Vietnam’s Quang Ninh province, including bridges Bac Luan 1 and Bac Luan 2, and pontoon bridge Km 3+4. Business Vietcombank remains best-performing credit institution The JSC Bank for Foreign Trade of Vietnam (Vietcombank) remained the best-performing credit institution and the largest contributor to the State budget among the listed ones in 2021.Business Domestic logistics industry to focus on value-added services Despite difficulties caused by the COVID-19 pandemic, the domestic logistics industry still has many opportunities for growth if it improves competitiveness with foreign competitors.
Source:Viet Nam News
January 09, 2022 23:54 UTC
Cybersecurity crucial for ongoing digitisation of banking industry: researchers
Cybersecurity is one of the central issues in the digital transformation of the banking system. (Photo doanhnhansaigon.vn)- Cybersecurity is one of the central issues in the digital transformation of the banking system To mitigate risks, banks must adopt synchronised solutions that include top-notch security technologies, an effective cybersecurity risk management process and a strategy to foster a cybersecurity culture, according to academics from the University of Economics Ho Chi Minh City Business School.In a study titled ‘Cybersecurity risks in digital banking: The case of Vietnam,’ Dr Phan Chung Thuy and other researchers said in recent years Vietnamese banks have embraced digital transformation and it entails security risks.Typically cybercriminals attack banks’ systems to steal data or perform acts that cause losses to the bank and customers, it said.Attacks targeting customers, impersonating bank employees, malicious fake messages purportedly coming from bank links, and websites disguised as banks’ to defraud customers are also becoming more widespread, it said.The study cited Kaspersky as saying Vietnam ranks 21st in the world in terms of phishing attacks with 673,743 recorded in 2020, only after Thailand and Indonesia in Southeast Asia.According to a survey by the Vietnam Information Security Association, more than 50 per cent of cyberattacks are aimed at banks and financial institutions.A report by the Ministry of Public Security’s Department of Cybersecurity and High-Tech Crime Prevention said that in 2020 banks lost nearly 100 billion VND (4.39 million USD) in 4,000 cyberattacks, with a single bank suffering a loss of 44 billion VND.To address these problems, the scholars suggested various solutions related to process, technology and people.“The process-related solutions will focus on detailing steps in cybersecurity risk management together with detailed instructions to help banks identify and assess threats, and thus make active plans to prevent cybersecurity breaches and especially create effective incident response plans.“The technology-related solutions are built by combining modern cybersecurity tools and techniques. They require banks to adopt artificial intelligence and ‘security orchestration, automation and response’ technologies, two types of technology that are appreciated by banks around the world.“Despite its potential benefits, blockchain should be used with caution. There have been many reports recently that there are still many unknown hazards associated with this technology.“For HR solutions, we suggest a proactive approach to raising awareness and fostering a cybersecurity culture at banks.”The report also recommended that the Government and the State Bank of Vietnam should focus more on issues related to the legal framework and developing a national cybersecurity strategy.Another solution is to limit cybersecurity risks for a comprehensive digital banking model.“Based on the case of Brazil’s C6 digital bank, we recommend that authorities draft a comprehensive digital banking cybersecurity strategy.“Furthermore, cybersecurity risks can be also mitigated with the use of a three-layer risk control model. In particular, the first layer is related to operating procedures, the middle layer is related to risk control and ensuring compliance with security principles and the final layer is related to internal control.”It also offered some general advice to banks’ customers for protecting themselves against cyberthreats: by keeping personal information as safe as possible when using online banking services (installing anti-virus software and firewalls on network-connected devices), being wary of unscrupulous websites and fraudulent emails and messages and using different and strong passwords for different accounts./.
Source:Viet Nam News
January 09, 2022 23:00 UTC