Rice exporters cautious about selecting orders to avoid risks
The current problem is how to build a brand and identity for Vietnamese rice so that many Filipinos know they are using Vietnamese rice. Anh explained with the current high rice price, rice exporters will face many potential risks if they buy rice for reserve. Bình said many customers currently ask to buy rice but there are almost no transactions because Vietnamese rice exporters have no more rice to sell. With this high price, rice exporters will not dare to sign contracts with long delivery time, for fear of price fluctuations. Rice exporters currently sell right after buying and do not reserve much rice to avoid potential risks, Bình said.
Source:Viet Nam News
January 26, 2024 13:13 UTC
VN should consider removing monopolies in gold import and production
HÀ NỘI — Việt Nam should consider removing the monopolies in gold imports and production to ensure the transparency, efficiency and sustainability of the gold market. Together with the general Vietnamese preference of keeping gold as a means of reserve to hedge against inflation and risks, the monopolies cause unbalance of supply and demand in the gold market, causing domestic gold prices to differ widely from world prices. The gold trading market should be developed with a diversification in methods rather than physical gold, such as gold derivatives and certificates, which would help ensure flexibility in management and prevent the hoarding of physical gold in safes. The equality of physical gold and the removal of SJC-branded bullion’s monopoly should be considered.”“Gold should be considered a normal product. Nguyễn Thế Hùng, Deputy President of Việt Nam Gold Trading Association, said that in major economies, central banks do not manage gold trading directly, as gold is considered a normal product.
Source:Viet Nam News
January 26, 2024 09:22 UTC
VN, UAE speed up negotiation for comprehensive economic partnership agreement
Representatives from Việt Nam’s Ministry of Industry and Trade (MoIT) and the UAE Ministry of Economy at the meeting. — VNA/VNS PhotoOfficials from Việt Nam’s Ministry of Industry and Trade (MoIT) and the UAE Ministry of Economy have agreed to speed up negotiations for a comprehensive economic partnership agreement (CEPA) between the two countries. He also proposed UAE businesses invest in Việt Nam in areas of mutual interest. The two sides agreed to cooperate more closely to speed up the Việt Nam - UAE CEPA negotiation process and conclude it soon. Currently, the UAE is the largest export market and the second-largest trade partner of Việt Nam in West Asia (after Kuwait).
Source:VietNamNet News
January 26, 2024 04:36 UTC
VIETNAM NEWS HEADLINES JANUARY 26/2024
Philippine President Ferdinand Romualdez Marcos Jr. and his spouse will make a state visit to Vietnam from January 29 to 30. Participants will engage in discussions on orientations and visions for the development of Vietnam and HCM City in particular in the future. The event was one among a series of activities to mark the 94th founding anniversary of the Communist Party of Vietnam (CPV) (February 3, 1930-2024). The Vietnamese official took the occasion to thank the AAFV for its support to Vietnam over the past 60 years. At the event, the Vietnam Fatherland Front Central Committee, the Vietnam General Confederation of Labour, and the Vietnam Red Cross Society Central Committee presented 600 gifts to the groups.
Source:Viet Nam News
January 26, 2024 03:14 UTC
Spring vibes along Kon Tum’s border area
The Gie-Trieng people in the border village of Nong Kon in Dak Duc commune, Ngoc Hoi district, are excited with the inauguration of a Rong communal house in their village. The project, costing some 6,000 USD, was a cooperative effort between the local armed forces and community members in Kon Tum province last year. On this occasion, the Gie-Trieng people in the village came together around a campfire to celebrate the new year. Furthermore, exceptional individuals, including students, were recognised and honoured for their remarkable achievements and contributions. In addition to this recognition, financial and housing assistance was provided to local social policy beneficiaries and disadvantaged households./.
Source:Viet Nam News
January 26, 2024 02:01 UTC
Special preferential import tariffs issued to boost Vietnam-Cambodia trade
At Tinh Bien international border gate on the Vietnam-Cambodia border (Photo: VNA)Hanoi (VNA) – The Government has issued Decree 5/2024/ND-CP on special preferential import tariffs for Cambodian goods as part of the implementation of the Vietnam-Cambodia trade promotion agreement for the 2023-2024 period. The decree provides details on special preferential tax rates and conditions for being entitled to those rates, including being on the list in Appendix I to the decree, having C/O form S issued by authorised agencies of Cambodia, and being transported through pairs of border gates stipulated in Appendix III to the decree. Besides, the decree also stipulates tariff and import quotas specifically for rice and unprocessed tobacco leaves originating from Cambodia. Under the decree, rice products produced with the support of Vietnamese firms, households and individuals in Cambodian provinces bordering Vietnam, upon import into Vietnam, must comply with existing regulations on export and import taxes. For rice and unprocessed tobacco leaves originating from Cambodia and imported into Vietnam by Vietnamese enterprises for re-export to other markets, the decree mandates adherence to the temporary import and re-export mechanisms established by the Vietnamese Government and relevant regional and global agreements signed by both countries./.
Source:Viet Nam News
January 25, 2024 20:35 UTC
“Technology with heart" photo and video award launched
Delegates launch the award's official website. (Photo: VNA)General Director of the Vietnam News Agency Vu Viet Trang speaks at the event. The application of artificial intelligence and technology helps agencies and organisations better understand the targeted customers so as to create products that are both useful and suitable to the desires and preferences of the public, she said.The award is expected to encourage authors with their lenses and enthusiasm to record moments, meaningful actions and wonderful things that technology brings as well as spreading human values and making the life more worth living every day.Works sent to the contest should not violate Vietnamese customs and traditions and should not contain negative contents about politics, religions, belief, or cultural activities. They should not violate copyright and legal regulations.Vietnamese citizens living in the country and abroad are eligible to take part in the contest with entries sent to the organising board by April 30, 2024. Authors can submit works online at https://congnghetutraitim.com.The organisers will present three first prizes each worth 50 million VND (2,025 USD), six second, nine third and 15 consolidation prizes each worth 40 million VND, 30 million VND and 10 million VND to outstanding works./
Source:Viet Nam News
January 25, 2024 19:43 UTC
Vietnam introduces program for English-teaching foreigners
The program aims to improve the quality of foreign language teaching and learning in the country, with a particular focus on the English language. The program is open to native speakers and foreigners with a college degree in English, or those with a college degree and a minimum foreign language certificate level five, equivalent to C1 proficiency based on Vietnam’s English language proficiency standards. Comprising 11 topics and a total of 160 lessons, each lasting 45 minutes, the program covers essential knowledge about the social and cultural context of Vietnam, the Vietnamese education system, and relevant regulations for teaching and learning in the country. Participants will be trained for English language teaching methods, the development of four language skills, testing and assessment methods, and the integration of information technology into English teaching. Foreigners who already possess English competence and English teaching certifications such as TESOL, TEFL, CELTA and DELTA, are exempt from attending this certification program.
Source:VietNamNet News
January 25, 2024 17:48 UTC
Infrastructure and policy key to unlock LNG potential
He stressed the importance of addressing these issues to expedite Việt Nam's LNG development agenda in 2024, aligning with the government's Power Plan VIII objectives. Currently, 13 approved investment projects for LNG power plants are in progress, with five actively advancing, four looking for investors, and the remaining four under consideration by local authorities. Economists and industry insiders have long called for measures to address the country's infrastructure and policy-related issues to meet objectives set in the Power Plan VIII. Investors require well-thought-out plans for ports, liquefaction facilities, pipeline systems and gas power plants to assess their capital investments. A robust legal foundation is imperative to attract investments into LNG power projects.
Source:Viet Nam News
January 25, 2024 08:25 UTC
MPI's head highlights three strategic breakthroughs for economic development by 2030
Achieving Việt Nam's development goals for 2030 and 2045 involves overcoming significant challenges through strategic breakthroughs in institutions, infrastructure, and human resources. This aligns with the socio-economic development goal for 2024 and the five-year Plan 2021-2025 set by the Party Central Committee and the National Assembly. Strategic infrastructure projects, especially in highways, airports, ports, urban and inter-regional infrastructure, digital infrastructure, social infrastructure, healthcare and education, are being expedited. A substantial focus is placed on restructuring the economy, improving labour productivity, and fostering innovation, digital and green transformations. Improved capacities in production, services and economic infrastructure significantly contribute to economic growth and social security.
Source:Viet Nam News
January 25, 2024 07:27 UTC
VIETNAM NEWS HEADLINES JANUARY 25/2024
The Vietnamese leaders stressed that in its foreign policy of independence, self-reliance, multilateralisation and diversification of international relations, Vietnam always attaches importance to and prioritises developing relations with Germany. Notably, external affairs maintained a bright spot, contributing to expanding and elevating cooperation between Vietnam and other countries and international partners, he said. In addition, the movement has contributed to the development and modernisation of the blood transfusion sector in Vietnam. Frew thanked the Chairman for his efforts in enhancing the Vietnam - UK cooperation, particularly the legislature’s ratification of the UK - Vietnam Free Trade Agreement (UKVFTA). Tung also urged them to employ practical activities to help popularise the image of Vietnam and its people and promote the friendly neighbourliness and comprehensive cooperation between Vietnam and China.
Source:Viet Nam News
January 25, 2024 04:15 UTC
Phu Quoc Island unveils the world's largest multimedia show on water
The stage comes equipped with three consecutive projection domes and employs 300 devices to create a diverse range of special effects, encompassing lighting, flames, water, laser and pyrotechnics. While the cutting-edge technology delivers the awe-inspiring special effects, it's the artists who heighten the emotional experience. "'Kiss of the Sea' is a unique fusion of multimedia special effects and artistic performances. For example, the Earth element represents the distinct essence of Phu Quoc. It's no wonder that Kiss of the Sea has been declared as the hottest outdoor show in the world and the new sensation of Phu Quoc Island.
Source:Viet Nam News
January 25, 2024 03:29 UTC
E-handbook promotes digital transformation from grassroots level
Lang So” (Digital Village) e-handbook is available at https://langso.dx.gov.vn and https://www.facebook.com/lang.so.mic (Photo: congdankhuyenhoc.vn)Hanoi (VNA) – The Ministry of Information and Communications (MIC) has launched “Lang So” (Digital Village) e-handbook at https://langso.dx.gov.vn and https://www.facebook.com/lang.so.mic to help communities promote digital economy and digital society from the grassroots level, contributing to the country's digital transformation process. The app introduces about 30 "Make in Vietnam" digital platforms aimed at solving people's needs in the daily life. Each digital platform helps people easily access services, utilities, and optimise the benefits brought by digital technology. Each person, village, based on internal resources, culture, and local characteristics, can choose to build their own “Digital Village”. The initiative was inspired following the “Digital Transformation Handbook” which helps people use digital technology to solve problems in the daily life and stay ahead in the ever-evolving digital landscape.
Source:Viet Nam News
January 24, 2024 11:48 UTC
HCM City's leader meets with German President
German President Frank-Walter Steinmeier (third, left), Chairman of the HCM City People's Committee Phan Van Mai (third, right) and other officials. (Source: VNA)Chairman of the People’s Committee of Ho Chi Minh City Phan Van Mai on January 24 met with German President Frank-Walter Steinmeier who is paying a two-day state visit to Vietnam from January 23.Mai expressed his hope that the President will continue encouraging German enterprises to expand cooperation and investment in the city in the fields where Germany has strengths such as manufacturing technology, infrastructure and renewable energy, thus contributing to HCM City’s sustainable development.HCM City pledges to continue improving its investment environment, and creating favourable conditions for foreign investors, including those from Germany, he stressed.The official also proposed President Steinmeier encourage and support German educational organisations and businesses to strengthen cooperation with the city in education and vocational training for students, and exchange experiences in educational management and innovation.Mai expected that the German Government will continue to further promote people-to-people exchanges between German localities and HCM City.President Steinmeier spoke highly of the city's dynamic development which has contributed to the overall development of Vietnam over the past years.During his stay in HCM City, he is scheduled to attend a roundtable meeting with German businesses, and visit the Vietnam ese-German University in the neighbouring province of Binh Duong./.
Source:Viet Nam News
January 24, 2024 10:56 UTC
Cashew firms propose to expand raw material areas
HÀ NỘI — Cashew firms hoped to receive more support from State management agencies to develop raw material areas in Cambodia and southern Laos, the Việt Nam Cashew Association (Vinacas) said. Of which, the area under cultivation was 300,000ha, producing over 345,000 tonnes of cashew nuts. That could help promote the brand of Việt Nam's cashew industry domestically, regionally and internationally. Last year, Việt Nam exported over 644,000 tonnes of cashew nuts, earning US$3.64 billion, according to the General Department of Customs. In 2024, the cashew industry strives to produce 372,000 tonnes of cashew nuts and earn $3.7 billion from exports, according to Vinacas.
Source:Viet Nam News
January 24, 2024 08:11 UTC