Talk Vietnam

Responding to a question about Vietnam’s economic development policy, Hang stressed that Vietnam sees foreign investment as an important resource and a driving force for the country’s economic development, international cooperation and engagement in global value chains. To boost production, business and economic recovery after the COVID-19 pandemic, the Vietnamese government has adopted various solutions to streamline administrative procedures and improve the investment environment, contributing to building confidence among foreign firms and attracting investment, she said. Vietnam will continue its focus on measures to increase productivity in the production and business sector, consolidate and improve the quality of infrastructure, and develop high-quality human resources, according to the spokeswoman. At the same time, more policies will be rolled out to lure more foreign investors to expand their operations in areas that match the country’s development orientations, … [Read more...] about Vietnam facilitates long-term operations of foreign firms: Spokeswoman

The forum drew the participation of hundreds of Algerian economists, businessmen and investors as well as representatives of economic organizations and embassies of African and European countries. Addressing the event, he said the forum is a good opportunity for Vietnam to explore the trade and investment potential of Annaba province and strengthen economic cooperation between Algeria and Vietnam in general. The official emphasized the potential and strengths of Vietnam with a vast market of nearly 100 million people and an open economy. Despite the negative impacts of the COVID-19 pandemic, the country recorded economic growth of 2.58 percent, which is expected to reach 6.5 percent this year. Vietnam is benefiting from free trade agreements, including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the E.U.-Vietnam Free Trade Agreement (EVFTA). The African Continental Free Trade Agreement opens up an opportunity for Vietnamese companies to … [Read more...] about Vietnam seeks to expand economic cooperation with Algeria

It is estimated that a total of over 36,000 flights will be made available for summer travelers from June 1 to August 15. The three carriers will provide nearly 6.3 million seats on more than 32,400 domestic flights, up 10 percent compared to the same period of 2019 before the COVID-19 broke out. The busiest routes are those among major cities of Hanoi, Da Nang and Ho Chi Minh City with close to 160 flights per day. Hundreds of flights will be also operated to fly vacationers to popular tourist destinations across Vietnam, including Phu Quoc, Cam Ranh, Da Lat, Hue, Quy Nhon, Dong Hoi, Tuy Hoa and Con Dao. Vietnam Airlines Group plans to operate approximately 430 domestic flights daily during the summer. More than 852,000 seats will be offered on international routes, down 40 percent from 2019 because cross-border travel demand is yet to fully recover. Source: VNA … [Read more...] about Vietnam Airlines Group to offer 7.1 mln seats during summer

Jointly organized by the Japan International Cooperation Agency (JICA) and the Accounting and Auditing Supervisory Department (AASD) under the Ministry of Finance, the event gathered over 600 delegates from agencies, units, listed businesses, auditing companies and universities. The second event of its kind is within the framework of the technical cooperation project between AASD and JICA  on “strengthening the capacity of the AASD to promote the application of financial reporting standards in Vietnam” funded by the Japanese government. The forum is expected to help agencies of the Government, private sectors and training institutions in Vietnam understand the differences between Vietnamese accounting standards (VAS) and IFRS; as well as promote the exchange of views on the road-map for applying IFRS. Kobayashi Masaya, a representative of JICA  in Vietnam, expressed hope that the policy discussions will be promoted to find the best approach for the application of IFRS in … [Read more...] about Forum promotes application of int’l financial reporting standards in Vietnam

In that spirit, over the past years, Vietnam and Cambodia have closely cooperated with each other and completed the demarcation and marker planting on 1,045km of their borderline, equivalent to around 84 percent of the total length, the spokeswoman said at a regular press conference held by the ministry. She emphasised that the result is of extreme importance as it contributes to facilitating the travel, trade and friendship exchanges between the two nations' people, as well as socio-economic development in each country. The two sides are negotiating to fulfill the border demarcation and marker planting for the remaining section, Hang said. Source: VNA … [Read more...] about Vietnam, Cambodia build common border of peace, friendship: Spokeswoman

He made the statement when delivering an opening remark at the Vietnam – U.K. Business Forum held by the Ministry of Industry and Trade and the Ministry of Agriculture and Rural Development in collaboration of the U.K. Department of International Trade (DIT) in London on May 25. The forum discussed prospects for trade and investment between the two countries’ enterprises in agriculture, education, renewable energy and others. It also provided a platform for Vietnam to introduce its market potential to British investors and for firms from both sides to share information and seek partnerships to make the most of the U.K.-Vietnam Free Trade Agreement (UKVTFA). The U.K. remains a major and trusted partner of Vietnam and its agriculture industry, Tien said, noting that agricultural cooperation between the two nations has made significant progress over recent years. He expected British companies will form close and trusted joint ventures and partnerships with Vietnamese agribusinesses … [Read more...] about Vietnam, U.K. strive to lift trade and investment relations

During talks with visiting Deputy Minister of Agriculture and Rural Development of Vietnam Phung Duc Tien at the headquarters of DEFRA, Prentis affirmed her country’s commitment to strongly support the transformation of Vietnam's agriculture towards green, low emission and sustainable development. For his part, Tien proposed specific cooperation, including in the field of policy, to develop green and low-emission agriculture, promote the opening of agro-forestry-aquaculture markets, and strengthen cooperation in sustainable development, climate change adaptation and biodiversity. He expressed his hope that the two sides will soon sign a Memorandum of Understanding (MoU) on cooperation in agriculture and rural development, thus promoting and realizing priority cooperation programs and activities in 2022-2025. Regarding future orientations for cooperation, the Vietnamese official suggested the U.K. government to soon consider opening the market for fresh fruits such as mango, … [Read more...] about U.K. attaches importance to agriculture cooperation with Vietnam

Tra fish exports are projected to surge a whopping 97 percent year-on-year in the first five months of 2022, reaching 1.1 billion USD. Besides exporting to traditional markets such as the U.S. and Europe, seafood exporters have expanded markets to take advantage of the new demand. Specifically, Vietnam has trolled new fish markets in Mexico, Egypt and Thailand. VASEP expert Ta Ha said that the Mexico market has the largest export value in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) trade bloc. Tra fish sales to Mexico topped 50 million USD in the first five months of this year, an increase of 70 percent against last year’s figure. Shipments to Thailand hit nearly 50 million USD during the period, a year-on-year spike of 80 percent. Vietnam exported over 15 million USD worth of tra fish to Egypt, up 85 percent year-on-year. These are positive signs that tra fish is a favored seafood product in these fresh new markets. VASEP reports that … [Read more...] about Huge haul in new markets for Vietnam’s tra fish exports

The Korean professor admired the the great personality of the late leader who was largely respected even by enemies. Under the wise leadership of President Ho Chi Minh, Vietnam defeated two major powers – French colonialists and American imperialists, Choi noted, quoting the late leader as saying Vietnam possesses a weapon more formidable than the most advance one of the Americans, which is people’s solidarity and patriotic nationalism. He praised President Ho Chi Minh as a brilliant strategist who had a historical vision and decisions, saying his strategies were flexible, depending on each circumstance, to achieve the ultimate victory. According to Prof. Choi, holding on to the philosophy that all power comes from the people, Ho Chi Minh lived and worked with the people, and set a great example for others. Throughout his life, the leader always cared for the people and shared their joy and sorrow. Choi also said that documents on President Ho Chi Minh can be found in the … [Read more...] about President Ho Chi Minh’s thought remains alive: Korean professor

Khai said that after 15 years of WTO membership, Vietnam has gained numerous achievements in socio-economic development, successfully implemented sustainable development goals, and become one of the world’s largest commodity economies in 2021. He affirmed Vietnam treasures the organization’s central role in promoting an open, transparent, rules-based multilateral trading system; and hopes that WTO continues upholding its coordinating role to boost the global trade in an inclusive and equal manner, thus contributing to economic recovery and growth. The Deputy PM suggested that the WTO reform process should ensure a balance of rights and obligations, be suitable to the development and implementation capacity of its members, especially developing ones. For his part, Zhang welcomed Vietnam’s active engagement in and contribution to global economic growth. In the context of complicated developments of the world's political and economic situation, he showed his wish that Vietnam will … [Read more...] about Deputy PM works with WTO deputy director-general in Geneva