What 2024 US presidential election means for Vietnam's economy
The outcome of the U.S. presidential election is unlikely to have much effect on Vietnam; however, if Donald Trump wins the vote, the impact on Vietnam's economy may be greater, according to economists. Bui Thi Quynh Nga, a senior macroeconomic analyst at Phu Hung Securities Corporation, stated that if Trump wins the election, the impact on Vietnam’s economy would be greater than if Vice President Harris emerges victorious. Meanwhile, Mirae Asset stated that the U.S. presidential election is unlikely to significantly impact Vietnam’s stock market. The U.S. stock market would face a high risk of a short-term correction, so Mirae Asset predicted the Vietnamese stock market would be hit slightly adjacent. The U.S. presidential election is scheduled for Tuesday, November 5.
Source:Tuoitre News
November 05, 2024 14:35 UTC
Vietnam to block cross-border e-commerce platforms that breach regulations
The Vietnamese Ministry of Industry and Trade is requiring cross-border e-commerce platforms to comply with regulations in order to continue operating in Vietnam, with those failing to follow suit risking blockage. The move is intended to ensure these e-commerce platforms comply with Vietnam’s law when operating in the country. For cross-border e-commerce platforms operating in Vietnam without formal registration, Ninh noted that not all fall under the scope of the country’s e-commerce regulations. The Ministry of Industry and Trade has urged consumers to be more aware of the risks associated with shopping on e-commerce platforms. Chinese e-commerce platforms are facilitating an influx of low-cost products into Vietnam, tormenting Vietnamese enterprises.
Source:Tuoitre News
November 05, 2024 07:19 UTC
Indorama Ventures celebrates ‘Waste Fiction Challenge’ essay competition; inspires youth to champion zero-waste schools
Contestants submitted storyboards and 1,000-word essays centered on creating zero-waste schools, the fundamentals of recycling, and principles of the circular economy. Waste Fiction sparks the creative power in young people, daring them to imagine a future without waste. The finalists will participate in a zero-waste leadership training program, which includes mentoring to help refine their ideas into actionable solutions that support global waste reduction goals. Indorama Ventures' products serve major FMCG, agricultural, lifestyle, and automotive sectors, including beverages, hygiene, personal care, tire, and safety segments. Indorama Ventures has about 26,000 employees worldwide and reported revenue of US$15.6 billion in 2023.
Source:Viet Nam News
November 05, 2024 04:28 UTC
Expat recounts how sour retail experiences have pushed him toward online shopping in Vietnam
Shopping is a fun experience in Vietnam, up until the time you need to find something a little unusual. After living in Vietnam for many years, I must note that the majority of my shopping experiences have been good ones. Despite some negative experiences, I've also had numerous positive ones that have made shopping in Vietnam enjoyable. The only point against online shopping was a very poor experience I had with obtaining a refund. I suppose I just need to forget my bad experiences and place some trust in local sellers before choosing to shop online.
Source:Tuoitre News
November 04, 2024 18:27 UTC
Vietnam’s seafood exports expected to fetch $10bn this year
Meanwhile, Russia reported the sharpest increase in seafood purchase at 95 percent among Vietnam’s 15 main seafood importers during the period. During the 10-month time frame, Vietnam earned $8.23 billion from seafood exports, a 12-percent year-on-year increase. If this growth continues until the end of the year, the country is on track to achieve $10 billion in seafood exports. Vietnam’s seafood exports rebounded at the start of the year and are expected to gain further momentum by year-end. The demand for seafood in many markets is on the rise, contributing to pushing up Vietnam’s exports for the rest of 2024.
Source:Tuoitre News
November 04, 2024 16:32 UTC
Rice exports likely to set new record in 2024
The average export price of the product between January and October was estimated at $626.2 per tonne, an annual increase of 12 per cent. Last year, the country shipped 8.13 million tonnes of rice abroad. With the growth of the ten-month exports and domestic production capabilities, this year’s rice exports are expected to exceed the record set in 2023. Bulog launched a tender on October 24 for this round, aiming to purchase approximately 500,000 tonnes of rice from Thailand, Việt Nam, Cambodia, Myanmar, Pakistan and India. Vietnamese businesses have secured three rice lots totalling 85,000 tonnes, representing 17 per cent of Indonesia's massive 500,000-tonne rice tender in October, according to the rice market news site SSRicenews.— VNS
Source:Viet Nam News
November 04, 2024 16:18 UTC
Motorcycles should be the focus of traffic safety programmes: experts
However, the convenience and popularity of motorcycles present significant challenges in traffic safety, which greatly affect people’s lives and the economy in many countries. However, there remain multiple shortcomings in traffic safety regulations which need to be addressed, according to Trần Hữu Minh, head of the office of the National Traffic Safety Committee. One of the key issues is the group of adolescents aged 16-18, who are legally allowed to drive scooters of below 50cc but lack traffic safety knowledge and proper driving skills. Furthermore, although motorcycle standards have been put forward, safety levels for motorcycles in Việt Nam are considered relatively low. “Therefore, the challenges and solutions to ensure motorcycle safety should be prioritised in upcoming traffic safety programmes," Minh said.
Source:Viet Nam News
November 04, 2024 10:53 UTC
Cornetto Brings Cha Eun-Woo and Fans Together to "Unwrap the Moment" in Bangkok
BANGKOK, THAILAND - Media OutReach Newswire - 4 November 2024 - Global ice cream brand Cornetto set hearts aflutter all over Thailand last week, inviting their famous brand ambassador, Korean singer and actor Cha Eun-Woo, to meet fans from around the region at an exclusive event held at Samyan Mitrtown in Bangkok, Thailand. Part of their "Cornetto presents: Unwrap the Moment with Cha Eun-Woo" campaign, this fan-meet gave lucky attendees theopportunity of meeting their idol in person.Lucky fans and top spenders from a Cornetto promotion across Southeast Asia, including Thailand, the Philippines, Singapore, Cambodia, and Malaysia were given exclusive access to unwrap never-before-seen sides of Cha Eun-Woo!Fans participated in various activities, including photo opportunities at Cornetto's exclusive Cha Eun-Woo photo booth, enjoying Cornetto-themed games, and listening to him share untold stories from his experiences filming Cornetto commercials.Cornetto also offered a delightful selection of its best-selling ice cream flavors for fans and passersby to enjoy, including Cornetto Classic Vanilla, Cornetto White Rose, and more, along with the chance to win an exclusive Cha Eun-Woo mini poster from Cornetto.The event created happy memories for all the fans in attendance, and even after, the joy still lingers. Fans can check out the wonderful moments shared using #CornettoxChaEunWoo and #CornettoUnwraptheMoment.To unwrap more exciting events, surprises and pop-ups, connect with Cornetto on social media to stay updated on what's next!Hashtag: #cornettoThe issuer is solely responsible for the content of this announcement.
Source:Viet Nam News
November 04, 2024 04:41 UTC
VinFast and Durango Drivers’ Union sign strategic MOU on green transition of public transport in Mexico
Their compact e-SUV VF 5 is a popular choice for both individual drivers and taxi fleets due to its good value, reliability, nice design, smart technologies. VinFast's electric buses are designed with versatile capacities and options, prioritizing safety with the latest technology. Learn more at:https://vinfastauto.com/vn_enAbout CTMThe Union of Drivers and Workers of the CTM in Durango, founded on August 8, 1932, is one of the city's key players in public transportation. The Union is developing an innovative business model aimed at acquiring 100% electric vehicles for fleet renewal. This project seeks to modernize the service, reduce carbon emissions, and support Durango's environmental commitment, aligning with global trends toward the electrification of transportation.
Source:Viet Nam News
November 04, 2024 03:59 UTC
13 countries join Green Economy Forum in Ho Chi Minh City
First hosted in Ho Chi Minh City in 2022, GEFE is meant to support Vietnam in meeting its COP26 commitments, made in Scotland in 2021, and achieving its socio-economic development goals. Ho Chi Minh City chairman Phan Van Mai (L) and European Commission (EC) Vice President Margaritis Schinas (C) tour the exhibition booths at GEFE on October 21, 2024. Dutch Consul General Daniel Stork discusses with visitors at the Netherlands booth at GEFE 2024 in Ho Chi Minh City. The UK delegation booth at GEFE 2024 in Ho Chi Minh City. Ulrich Weigl, head of the trade section at the European Union Delegation, highlighted the EU’s European Green Deal, a comprehensive policy framework aimed at achieving green transformation.
Source:Tuoitre News
October 22, 2024 16:30 UTC
Vietnam News Headlines October 22/2024
Vietnam an important partner of Indonesia in region: President Prabowo SubiantoIndonesian President Prabowo Subianto has affirmed that Vietnam is an important partner of his country in the region. Vietnam seeks stronger cooperation with Argentinean localityVietnamese Ambassador to Argentina Ngo Minh Nguyet visited the north-central province of Cordoba from October 17-20 to seek stronger trade cooperation between Vietnam and the second most populous Argentine province. Besides the political and diplomatic sphere, economic and trade cooperation is also a highlight in bilateral relations. Regarding development cooperation, the Saudi Fund for Development (SFD) in Vietnam has played a crucial role in strengthening the bilateral partnership over the past 25 years. To unlock investment capital in Vietnam, Saudi Arabia's 620-billion-USD Public Investment Fund has committed to allocating more resources for major infrastructure development projects in Vietnam.
Source:Viet Nam News
October 22, 2024 16:08 UTC
What can Vietnam learn from Nordic history and Finland's circular economy?
In a circular economy, nothing goes to waste, and everything is utilized to its fullest potential. Building a circular economy may sound big, but in fact, it can start with small things like recycling batteries. Citizens, young and old, can contribute to their country’s circular economy strategy, the ambassador said. A circular economy industrial cluster in Finland’s Kemi-Tornio region. Cooperation between the two nations on how to develop an innovative system and ways to improve the circular economy in Vietnam has been encouraging.
Source:Tuoitre News
October 22, 2024 08:39 UTC
Bird strike damage grounds Korean Air flight in Vietnam
A Korean Air flight from Da Nang City in central Vietnam to Seoul, South Korea was canceled after the plane was found with a dented nose and suspected bird strike markings. The flight was scheduled to depart Da Nang at 10:50 pm on Sunday and arrive in Seoul the following morning. The staff suspected the damage was sustained after the plane touched down in Da Nang the night before. According to the Central Vietnam Airport Authority, the aircraft remained at Da Nang International Airport on Monday morning for further inspection and repairs, with an official report pending. On May 19, another Vietnam Airlines flight from Vinh City in north-central Vietnam to Ho Chi Minh City landed with a cracked cockpit window and traces of blood suspected to be from a bird strike.
Source:Tuoitre News
October 21, 2024 19:16 UTC
Ecotourism thrives with visitors seeking green activities in south-central Vietnam
Tourists collect waste on a beach in Phu Yen Province, south-central Vietnam. Photo: SuppliedLe Quy Tai, a local tour guide, said green tourism is a sustainable trend. Young people recycle waste into useful products in Phu Yen Province, south-central Vietnam. Xom Bien homestay in Phu Yen Province, south-central Vietnam arranges clearly labeled bins for waste classification. Similarly, in Quang Ninh Province, tourists can take part in a garbage collection tour on Co To Island.
Source:Tuoitre News
October 21, 2024 09:56 UTC
U.S. Ambassador attends first AI exhibition on health and HPV prevention in Vietnam
According to the World Health Organization (WHO), most sexually active individuals are likely to be infected with this virus at some point in their lives and usually exhibit no symptoms [1]. Persistent infection with high-risk types of HPV can lead to cervical cancer, vulvar cancer, vaginal cancer, oropharyngeal cancer, penile cancer, and anal cancer [2]. When people have access to accurate, timely, and easy-to-understand health information, they can take a more proactive role in protecting themselves and their families. Backed by AI, Minah can provide basic information in response to health, lifestyle, and HPV prevention inquiries for various groups: parents, teenagers, and adults of all genders. For appropriate HPV prevention methods, individuals should seek advice from specialised doctors at licensed medical institutions.
Source:Viet Nam News
October 21, 2024 07:56 UTC