VIETNAM NEWS HEADLINES FEBRUARY 7/2024
In Vietnam, this method has received increasing attention after the Government issued Decree 22 on Commercial Mediation in 2017. Three students of the Diplomatic Academy of Vietnam (DAV) attends the 19th ICC International Commercial Mediation Competition (ICCMC-19) in Paris, France. Vietnam, Morocco promote South-South cooperation for common prosperity: AmbassadorThe consolidated cooperation between Vietnam and Morocco is the result of their shared desire to promote and strengthen South-South cooperation, Moroccan Ambassador to Vietnam Jamale Chouaibi said in an interview granted to the Vietnam News Agency (VNA) on the occasion of the Lunar New Year (Tet) Festival. It looked into contributions and opportunities generated by the agreement to countries that want to invest in Africa, including Vietnam, and prospects of cooperation between Vietnam and African nations, especially Morocco. For his part, Giang took note of the continuous development of the great friendship, special solidarity, and comprehensive cooperation between Vietnam and Laos.
Source:Viet Nam News
February 07, 2024 05:32 UTC
Vietnamese students compete at 19th ICC int’l commercial mediation competition
Three students of the Diplomatic Academy of Vietnam (DAV) attends the 19th ICC International Commercial Mediation Competition (ICCMC-19) in Paris, France. (Photo: VNA)– Three students of the Diplomatic Academy of Vietnam (DAV) are attending the 19th ICC International Commercial Mediation Competition ( ICCMC-19 ) at the headquarters of the International Chamber of Commerce (ICC) in Paris, France from February 5-10.The Vietnamese competitors have diligently researched and taken advantage of every moment to improve their knowledge to be able to pass tough competition rounds in a field that is still quite new to Vietnam.ICCMC is one of the largest educational competitions globally dedicated to international commercial mediation. This year’s event sees the participation of more than 350 contestants and mediation trainers from more than 30 countries, 160 professional international commercial mediators, and many volunteers, sponsors, and observers.Contestants representing 48 teams from universities around the world will compete by resolving international trade dispute issues through conciliation methods based on the ICC Arbitration Rules.The performance of contestants will be evaluated by top experts in dispute resolution worldwide. The teams will go through five qualifying rounds and a final round to determine the champion team.The competition is also an opportunity for mediation professionals to engage with experienced professionals from around the world while guiding 48 teams in the role of a mediator or judge.Commercial mediation is a dispute resolution method currently used by many countries. In Vietnam, this method has received increasing attention after the Government issued Decree 22 on Commercial Mediation in 2017./.
Source:Viet Nam News
February 07, 2024 04:49 UTC
Vietnamese football prepares for transition and new challenges in 2024
Prior to coach Philippe Troussier's guidance, Vietnamese football experienced five years of great success under coach Park Hang-seo. When the time came, Vietnamese football truly shone. To ensure another successful cycle, Vietnamese football needs to continue building on this foundation. Although these achievements did not meet expectations, Vietnamese football must remain steadfast and accept failure as an opportunity to learn valuable lessons. As competition in Asia becomes increasingly fierce, trust and steadfastness in the chosen direction during this transition period are the only ways for Vietnamese football to achieve its goals.
Source:Viet Nam News
February 06, 2024 19:41 UTC
Vietjet further boosts fleet capacity amid increasing travel demand for the Lunar New Year holidays
VietJet' fleetVietjet A330 aircraftSHANGHAI, CHINA Media OutReach Newswire - 6 February 2024 - Vietjet has received two additional aircraft under wet-leased arrangement in response to the surge in travel demand during the Lunar New Year festival, one of the longest annual holidays in Asia. Addressing the holiday travel needs of Chinese tourists, Vietjet opened the "Shanghai to Ho Chi Minh City" route in December 2023, connecting these two captivating cities. * For high resolution images, please see the link below:Hashtag: #越捷航空The issuer is solely responsible for the content of this announcement. Vietjet is a fully-fledged member of International Air Transport Association (IATA) with the IATA Operational Safety Audit (IOSA) certificate. The airline has also been named as Best Low-Cost Carrier by renowned organizations such as Skytrax, CAPA, Airline Ratings, and many others.
Source:Viet Nam News
February 06, 2024 15:57 UTC
National portal for extended producer responsibility put into operation
A screenshoot of the site. The Ministry of Natural Resources and Environment has announced the official operation of the national portal for extended producer responsibility (EPR), supporting manufacturers and importers in registering, declaring, and reporting their activities.EPR entails manufacturers and importers taking responsibility for managing the disposal of their product packaging when it is discarded into the environment. Currently, there are over 400 different EPR systems implemented worldwide.Via the portal, https://epr.monre.gov.vn/, the groups subject to EPR obligations in recycling their products and packaging and in handling waste as stipulated in Article 54 and 55 of the 2020 Environmental Protection Law are now able to register, declare, and report their compliance with product-packaging recycle and waste management responsibilities online starting January 29, instead of submitting paper documents to the ministry.Furthermore, they can access the website to be updated on legal regulations and receive legal advice.
Source:Viet Nam News
February 06, 2024 14:57 UTC
Industrial production index climbs 18.3% in January
Workers produce bicycles at a factory of the Thong Nhat Joint Stock Company in Hanoi. (Photo: VNA)– The index of industrial production (IIP) in January fell 4.4% month on month but still went up 18.3% year on year, reported the General Statistics Office (GSO).In particular, the processing - manufacturing sector expanded 19.3% from a year earlier, contributing 15.1 percentage points to the overall growth.Electricity production and distribution surged by 21.6%, contributing 1.9 percentage points; water supply, waste and wastewater management and treatment up 5.7%, 0.1 percentage point; and the mining sector up 7.3%, 1.2 percentage points.Notably, the January IIP posted year-on-year increases in 60 provinces and cities while declining in just three others, the GSO said, attributing the fast expansion in some localities to sharp rises in the processing - manufacturing sector and the production and distribution of electricity.Those recording high index rises in the processing - manufacturing sector include Quang Ninh province 157.9%, Bac Giang province 57.7%, Nam Dinh province 56.9%, Vinh Long province 51.2%, Kien Giang province 47.7%, Phu Tho province 39.4%, and Ho Chi Minh City 26.9%.Though the global economy is still facing numerous difficulties and market demand has yet to recover, the country’s IIP has continued improving thanks to producers’ efforts to seek new orders and prepare goods for the Lunar New Year (Tet) holidays, according to the GSO./.
Source:Viet Nam News
February 06, 2024 08:52 UTC
Vietnam becomes biggest importer of Argentine farm produce
A screenshot of the Infobae newspaper (Photo: VNA)A screenshots of the Acercando Naciones newspaper (Photo: VNA)- In 2023, for the second consecutive year, Vietnam surpassed China to become the largest importer of agricultural products from Argentina in terms of volume, according to Argentine media.The Infobae and Acercando Naciones newspapers cited the Rosario Grains Exchange (BCR) - the most important grain exchange floor of the country, as saying that Vietnam emerged as the largest importer of corn and soybean powder for animal feed last year with a combined volume of 5.3 million tonnes worth 2 billion USD.Regarding two-way trade, Vietnam ranked seventh among the biggest trade partners of the Latin American country in the year.Last year, the third-largest economy in Latin America exported nearly 56 million tonnes of grains and processed grain products, a decrease of over 37 million tonnes or 40% compared to 2022, marking the lowest output since 2009, primarily due to severe and prolonged drought. In 2019, Argentina set a record export volume of these items with 100.5 million tonnes.Approximately 50% of the volume of grains, processed grain products, and processed oil from seeds produced in Argentina is sold to Asian countries.The grain output of Argentina in the 2022-2023 crop reached only 83.4 million tonnes, experiencing a decline of 38%.This year, thanks to favourable climate conditions and abundant rainfall, Argentina anticipates an increase in grain production for the 2023-2024 crop, with corn output expected to reach a record level of 59 million tonnes.
Source:Viet Nam News
February 06, 2024 03:55 UTC
British researcher praises CPV’s role in national development
LONDON – Under the leadership of the Communist Party of Vietnam (CPV), Việt Nam has been built into a thriving economic, political and cultural powerhouse, said British researcher of Vietnamese politics and history and member of the Communist Party of Britain Kyril Whittaker. Assessing Việt Nam ’s achievements in 2023 under the leadership of the CPV, Kyril said the country followed the continuous line of previous years in enhancing the people’s lives in all respects. This reflects what Party General Secretary Nguyễn Phú Trọng has recently emphasised, namely building on rapid but sustainable development. Besides this, Việt Nam has taken an active role in international organisation such as ASEAN, the Non-aligned Movement, the UN and the Mekong River Commission, he said, stressing that through these forums, Việt Nam has utilised its foreign policy of ‘bamboo diplomacy’ to expand relationships and create new partners whilst maintaining its independence, security and freedom and promoting peace. The corruption campaign has been carried out very well in Việt Nam and is an example and an inspiration to countries, parties and peoples all over the globe, he affirmed.
Source:Viet Nam News
February 05, 2024 18:33 UTC
Southeast Asia’s biggest drone light show to mark start of Year of Dragon
A poster of the drone light show on February 9 night (Source: organising committee)– A drone light show expected to set a Southeast Asia n record is scheduled to take place by the side of Ho Tay (West Lake) in Hanoi on the eve of the Year of the Dragon on February 9.The show, with the participation of 2,024 drones, will be organised by the People’s Committee of Tay Ho district , the Vietnam Oil and Gas Group (Petrovietnam), and the Vietnam Public Bank (PVcomBank) in celebration of the New Year, the district Party Committee said.It will officially take place at the Van Cao T-junction by the side of West Lake at 11:30pm on February 9. The audience can gather on Nguyen Dinh Thi and Trich Sai streets to enjoy the performance.Shortly after that, high-altitude fireworks will be set off nearby from 0am to 0:15am on February 10, the first day of the Year of the Dragon.People can watch the light show early at its final rehearsal at 9pm on February 7.The event is set to feature the biggest number of drones for such a performance in Southeast Asia, to be accompanied with exclusively composed music and screens for live broadcasting installed around West Lake , promising an unprecedentedly spectacular show for locals and visitors on the threshold of the Year of the Dragon, according to organisers./.
Source:Viet Nam News
February 05, 2024 14:37 UTC
Homeland spring programme held in Sri Lanka
Overseas Vietnamese in Sri Lanka at the homeland spring programme. (Photo: VNA)New Delhi (VNA) – The Vietnamese Embassy in Sri Lanka held a “Xuan Que Huong” (Homeland Spring) programme on February 3 to bring a warm Lunar New Year (Tet) atmosphere to the Vietnamese community in the South Asian nation. Vietnamese people who are living, studying, and working in Sri Lanka gathered at the embassy and together prepared traditional Vietnamese dishes. Speaking at the event, Vietnamese Ambassador to Sri Lanka Ho Thi Thanh Truc briefed the participants on Vietnam’s socio-economic achievements, foreign affairs results, and international integration in 2023. She extended her Tet greetings to the Vietnamese community in Sri Lanka./.
Source:Viet Nam News
February 05, 2024 14:10 UTC
VIETNAM NEWS HEADLINES FEBRUARY 5/2024
Cẩm wishes that the trade union would have more "Spring Trip" to support poor workers and informal workers. Participants at the event had a chance to enjoy Vietnamese Tết favourites and musical performances to welcome a new year of prosperity. The National Blood Centre needs to receive between 40,000 to 42,000 units of blood and 5,000 units of apheresis platelets monthly. Ngo Thi Tuyen Giang, working for Art Tango Vietnam in Tan Binh Export Processing Zone, was deeply moved and overjoyed with the support. The National Blood Centre needs to receive between 40,000 to 42,000 units of blood and 5,000 units of apheresis platelets monthly.
Source:Viet Nam News
February 05, 2024 12:52 UTC
Việt Nam, China agree to well implement high-level common perceptions
HÀ NỘI — Permanent Deputy Minister of Foreign Affairs Nguyễn Minh Vũ and Chinese Assistant Minister of Foreign Affairs Nong Rong have shared their view on measures to materialise high-level common perceptions between the two countries. The officials agreed to step up high-level exchanges, contacts and visits, effectively implement cooperation mechanisms between the two Parties, and well organise the 16th meeting of the Việt Nam-China Steering Committee for Bilateral Cooperation. They will work together to better manage the common border line, and satisfactorily address border issues lingering or emerging, in line with their reached documents and agreements. Vũ, who is also Secretary General of the Steering Committee for Việt Nam-China Bilateral Cooperation, suggested the two sides foster their transport connectivity, especially roads and railways connecting Việt Nam's northern provinces and China’s southern and southwestern regions. He called on China to expand its import of Vietnamese agro-aquatic products and facilitate the establishment of Vietnamese trade promotion offices in Haikou, Chengdu, and Nanjing.
Source:Viet Nam News
February 05, 2024 10:20 UTC
Record-low interest rates drive early-year credit growth
Lending interest rates are projected to continue decreasing in the near future, said experts. Recognising this demand, many banks continue to introduce credit packages with attractive interest rates. The latest update on deposit interest rates at banks as of the morning of February 1 showed that the trend of decreasing interest rates remains widespread across most banks. Regarding lending interest rates, KBSV suggests that the impact of maturity differentials and delayed interest rate reductions will likely be challenging to achieve significant decreases in lending rates. In our management efforts, the SBV has no intention to increase interest rates in 2024."
Source:Viet Nam News
February 05, 2024 06:46 UTC
Việt Nam produce gets ambassador's seal of approval
Inner Sanctum: Brazil is not widely known in Việt Nam beyond the Amazon, samba, carnival, and football. Brazil is Việt Nam's largest trading partner in Latin America and the second-largest in the Americas. Việt Nam's exports to Brazil include components, computers, electronic products, vehicles, spare parts, iron and steel, footwear, textiles, and seafood. On December 12, 2023, before I left Việt Nam, I had a last-minute meeting with Celso Amorim, senior advisor to the President of Brazil, to discuss the upcoming visit to Việt Nam in May 2024 by the President of Brazil. The Brazil Film Week in Việt Nam and the Việt Nam Film Week in Brazil, as well as exhibitions of paintings and photographs, are also planned for this year.
Source:Viet Nam News
February 04, 2024 20:15 UTC
FM meets with EU representatives and foreign counterparts in Belgium
The minister proposed the two sides intensify high-level exchanges and fully implement existing cooperation mechanisms. Borrell affirmed Việt Nam's importance as an EU partner in the region, pledging to expedite the completion of EVIPA ratification, thus creating favourable conditions to attract European investment flowing into Việt Nam. The Vietnamese FM proposed that Poland promptly ratify EVIPA in 2024, support the EC’s lifting of the yellow card imposed on Việt Nam, and enhance collaboration with Việt Nam in education and cultural exchange. The Vietnamese minister proposed promoting the signing of cooperation agreements on maritime transport, labour, and double taxation avoidance and expanding collaboration to new areas, including digital transformation and green growth. He proposed the European nation support Việt Nam in tackling the IUU yellow card issue and developing sustainable fisheries.
Source:Viet Nam News
February 04, 2024 17:20 UTC