Talk Vietnam

Dung suggested the further exchange of visits, especially those at the highest level, in order to keep strengthening mutual understanding and trust, as well as to provide direction for the healthy and stable development of the Vietnam-China relationship. He proposed continuing to follow common perceptions reached by the two Party leaders and the Vietnam-China Joint Statement, as well as the leaders’ directions in order to enhance bilateral substantive cooperation across various fields and encourage localities to increase friendship and mutually beneficial cooperation. It is a need to cultivate ties between the two capitals via effectively following the Memorandum of Understanding (MoU) on cooperation between Hanoi and Beijing signed in 2022 and other MoUs between their units and agencies, he said, calling for increased exchanges at all levels and jointly holding activities marking the 30th anniversary of the friendship between the two capitals. Agreeing with Dung’s proposals, … [Read more...] about Hanoi, Beijing step up cooperation in various areas

During his stay in Chile, N.A. Vice Chairman Phuong held talks with President of the Senate of Chile Juan Antonio Coloma, Vice President of the House of Representatives Daniella Cicardini, and met with President of the Communist Party of Chile Lautaro Carmona. He had working sessions with other officials from the House of Representatives, the Chilean Navy, and the Chile – Vietnam Friendship Parliamentary Group. At the meetings, Phuong congratulated the government and people of Chile on the achievements across all economic, political, and social fields they have attained under the leadership of the ruling left-wing coalition. He thanked the Chilean people and progressive, left-wing forces in the Latin American nation for their solidarity and support for Vietnam in its struggle for national independence and re-unification in the past and national construction and development today, while affirming that the Vietnamese N.A. will continue to support the Government in strengthening … [Read more...] about Vietnam, Chile eye stronger friendship, cooperation

The signing of the MoU marks the first time the two countries have established a mechanism of joint economic commission, thus creating an official and comprehensive channel for periodic dialogue, reviewing cooperation, addressing issues, and discussing measures to promote economic, trade, and investment cooperation. Speaking at the meeting, Hai spoke highly of development in bilateral trade relations, emphasizing that Vietnam considers Colombia an important partner in the Latin American region and is ready to collaborate with the country to implement measures towards boosting trade, economic recovery, and global supply chain connectivity. For her part, Vargas expressed her satisfaction with the positive developments in Vietnam - Colombia trade relations in recent years, especially in the context that the two sides have been cooperating and supporting each other in international organizations, multilateral forums, and regional cooperation mechanisms. The positive growth of two-way … [Read more...] about Vietnam, Colombia ink MoU on trade, investment, industrial cooperation

A woman buying fruits in Đông Ba Market, Huế City. Economic expert Trần Đình Thiên called for deeper VAT cuts to boost domestic consumption for the rest of 2023. — VNA/VNS Photo Tường Vi Tax cuts are one of the most powerful instruments to boost domestic consumption under the current economic conditions where little room is left for monetary policy. That remark was made by economic expert Trần Đình Thiên at the workshop "Fostering the Development of Domestic Market and Macroeconomic Stability" on Wednesday. He said tax cuts hurt fiscal revenue, but it has to be done to spur consumer spending. In fact, a VAT cut of 2.0 per cent has been introduced under the rationale and it worked: Total retail sales of goods and services rose by 10 per cent in the first eight months of 2023. As the economic indicator began to slow down in recent months, he called for deeper cuts on VAT to keep the ball rolling. He also underlined the need for measures to cut the time lag … [Read more...] about Measures to sustain economic growth for the rest of 2023

A worker in dairy firm Vinamilk (VNM)'s factory. VNM lost 2.3 per cent on THursday. — Photo VNM Vietnamese shares failed to maintain their upward trend on Thursday due to overwhelming selling pressure. The benchmark index declined 0.12 per cent to end at 1,152.43 points. It had closed Wednesday day at 1,153.85 points, an increase of 1.4 per cent. Liquidity declined with over 691 million shares, worth over VNĐ15.8 trillion (US$647.8 million), traded on the southern bourse, down 19 per cent in volume and 13 per cent in value compared to Wednesday’s trading. Overall market conditions were negative, with 211 gainers and 282 losers, while another 59 closed unchanged. Large-cap stocks were hit by profit-taking. Tracking the southern bourse’s largest stocks by capitalisation and liquidity, the VN30-Index lost 0.36 per cent to end at 1,164.45 points. In the VN30 basket, market breadth was also negative with 10 gainers and 18 losers. Most bank stocks fell, causing the overall … [Read more...] about Shares fail to maintain uptrend on selling pressure

Vietnamese scientists making the NanoDragon satellite. — Photo VNSC Việt Nam has leapt two places in the Global Innovation Index (GII) in 2023, ranking 46th out of 132 countries and territories, according to a GII report released by the World Intellectual Property Organisation (WIPO) on Wednesday. According to the report, Việt Nam has continued to show progress in converting innovation input into output performance. The country has jumped from 59th position last year to 57th position this year in terms of input level, while its output level rose one place to 40th position. The GII input pillars include institutions, human capital and research, infrastructure, market sophistication, and business sophistication. Meanwhile, the output performances are knowledge and technology outputs and creative output. Particularly, Việt Nam has maintained its second position among lower middle-income countries in the overall GII after India (40th). Among ASEAN countries, Việt Nam is … [Read more...] about Việt Nam rises two places in global innovation index in 2023

Local authorities of Hưng Yên Province granted investment certificates to Japanese businesses. — Photo VTC News Fourteen Japanese businesses have registered to invest US$732 million in northern Hưng Yên Province's industrial parks. These firms were granted investment certificates by local authorities during a conference here on Wednesday, VTC News reported. The licensed projects included a $132 million plant producing LCD polarising films used for smartphones and cars. The plant, being financed by Nitto Việt Nam Co, has a designed capacity of 48 million products per year. A $45 million Cot Vietnam factory that manufactures electronic components for mobile phones and computers is expected to churn out 144.6 million units annually. Among others were an automotive parts manufacturing plant, capitalised at $50 million; a factory on producing mechanical and engineering equipments valued at $31 million and the construction of ready-built factories for rent, worth over … [Read more...] about Japanese investors pump $732 million into Hưng Yên

The T-bill issuance shows the central bank's determination to stabilise the rising exchange rate. — VNA/VNS Photo The State Bank of Vietnam (SBV) continues its strategy of issuing Treasury bills (T-bills) as part of its ongoing effort to manage surplus capital within the banking system. On Wednesday, the SBV offered 28-day treasury bills worth VNĐ20 trillion (US$833 million) through an auction. As a result, nine out of 12 participants won the bid at an interest rate of 0.65 per cent, higher than the 0.58 per cent on the previous day and 0.49 per cent in the beginning of the week. Also on September 27, the central bank revealed the outcomes of its latest 28-day T-bills auction, which amounted to VNĐ20 trillion and was conducted through the interest-bidding method. Nine out of 11 participants won the bid, with an interest rate of 0.58 per cent a year. This means that the central bank withdrew VNĐ20 trillion from the banking system on Tuesday. It has also successfully … [Read more...] about SBV continues ongoing T-bill issuance with additional $833m offering

With the theme "Joining hands to act for a cleaner world", this year’s campaign highlights efforts for natural disaster mitigation, and climate change adaptation. Hanoi encourages locals to use environmentally-friendly products, communicates messages and activities in response to the 2023 “Clean up the world” campaign. The campaign to make the world cleaner, initiated by Australia, has been launched globally by the United Nations Environment Program (UNEP) since 1993 and held periodically in September every year. The campaign has so far attracted the participation of millions of people and more than 180 countries worldwide, becoming a worldwide community movement, contributing to raising public awareness and actions of all humanity towards environmental issues. The Hanoi Department of Natural Resources and Environment has issued an official dispatch guiding the activities to raise people’s awareness on environment protection to make Hanoi a greener, cleaner and more … [Read more...] about Hanoi takes actions for “Clean up the world” campaign

Nguyen Thi Tuyen is the last craftswoman in Hanoi's suburban district of Hoai Duc who still makes traditional Mid-Autumn toys. She is the only one left in her village who does this work, and she only works one month a year. But Nguyen Thi Tuyen never gives up making traditional toys for the Mid-Autumn Festival . For her, the craft is her lifeblood, her way of passing on cultural traditions to young children. Nguyen Thi Tuyen is busy making Mid-Autumn toys for customers. Photo: Cong Phuong In the past, every Mid-Autumn Festival, households in Ai Hau Village, Van Canh Commune, Hoai Duc District, about 10 kilometers from Hanoi, were busy making lanterns to supply the market. The village was laden with trucks waiting to load star lanterns, carp lanterns and traditional toys for delivery to other places. Ai Hau Village is known as the cradle of lantern making in the ancient capital. Nowadays, industrially mass-produced toys with sounds and flashy colors … [Read more...] about Woman dedicated for traditional Mid-Autumn toy making