2021 2030 national foreign investment cooperation strategy

The delegation of 52 companies was the biggest ever in decades coinciding with the 10th anniversary of the comprehensive partnership. The delegation was welcomed by top leaders of Vietnam, including Prime Minister Pham Minh Chinh . Ted Osius reaffirmed the council’s commitment to supporting Vietnam’s efforts in maintaining macro-economic stability and its support for Vietnam’s digital transformation strategy and green energy transition. He said the current trends in trade ties between Vietnam and the US guarantee big growth in two-way trade and investment in next 10 years and warrant upgrading the partnership to a strategic level./. VNA … [Read more...] about Vietnam, US businesses see huge cooperation opportunities

Vietnamese Prime Minister Pham Minh Chinh (L) meets with Australian Prime Minister Anthony Albanese on the sidelines of the 40th and 41st ASEAN Summits in Cambodia (Photo: VNA) Hanoi (VNA) – Australian Prime Minister Anthony Albanese ’s visit from June 3-4 is expected to further promote the sound relations between the two countries in all fields, including peacekeeping, education and training. This is the first official visit to Vietnam by Anthony Albanese since taking office and only two months after the state visit by Australian Governor-General, showing Australia's great attention to the Southeast Asian nation. Highlighting the Vietnam-Australia partnership in peacekeeping operations, Colonel Pham Manh Thang, Director of the Vietnam Department of Peacekeeping Operations, said that Australia was one of the first countries to sign a memorandum of understanding (MoU) with Vietnam in UN peacekeeping activities in 2015. The MoU laid a foundation for the two countries to … [Read more...] about PM Anthony Albanese’s visit hoped to lift up Vietnam-Australia partnership

Visitors at the event. — VNS Photo Mai Huong The Plum Week and Safe Agricultural Products of Son La Province opened at Big C Thang Long supermarket in Ha Noi on Thursday evening, connecting the province’s businesses and cooperatives with retailers and businesses in other provinces and cities. The event was organised by the Son La Provincial Investment Promotion Centre in collaboration with Central Retail Vietnam and Vietnam Farmers' Union. The five-day event features 30 stalls showcasing a wide range of Son La’s agricultural products meeting food safety standards such as VietGAP, GolbalGAP, OCOP and organic certifications. The focus was on promoting Son La plums. Son La provincial People’s Committee Vice Chairman Nguyen Thanh Cong highlighted the significance of the event, stating that it presents a valuable opportunity to showcase the province’s agricultural products and safe food in both the capital city’s market and beyond, encompassing various provinces. He further … [Read more...] about Son La Plum Week and Safe Agricultural Products open in Ha Noi

Vietnam aims to increase the proportion of renewable electricity production, including hydropower, to 30-39 per cent of total commercial electricity. Consequently, when investing, it is crucial to evaluate energy storage requirements and forecast prices. According to a number of analysts, the research model by the Vietnam Initiative for Energy Transition (VIET) for forecasting energy storage demand and electricity pricing, which was announced on the afternoon of May 31, has wide applicability. The research conducted by VIET on energy storage systems yielded three significant findings. To accelerate the energy transition in a reliable and sustainable fashion, it is necessary to first increase the capacity of hydroelectric power sources and electricity storage. Secondly, to achieve the ambitious objective of the Just Energy Transition Partnership (JETP), it is advised to have at least 6GW of conserved hydroelectricity or other electricity storage systems to guarantee energy … [Read more...] about 40 per cent renewable energy target for Vietnam’s commercial power consumption

According to Electricity of Vietnam (EVN) deputy general director Nguyen Tai Anh, "It will be crucial to implement a swift legal framework on investment, building, and operating offshore wind power projects while simultaneously drawing in investment and enhancing the existing transportation system." "The urgent need is to alter the policy framework as well as regulations to effectively accomplish the defined goals," added Tai Anh, speaking at a conference hosted by EVN on June 1. According to international practice, bringing an offshore wind power project into action requires about 8–9 years of planning and execution. Some analysts predict that Vietnam will require a vigorous preparatory process with suitable regulations to expedite the implementation time to meet the target of 7GW of power from offshore wind by 2030. The German Development Agency's Energy Support Programme and Vietnam Energy Partnership Group (VEPG) gathered specialists to share their international knowledge … [Read more...] about Vietnam needs to modify policies to foster offshore wind power

Tourists visiting a grape orchard in Ninh Hai district’s Vinh Hai commune in Ninh Thuan province.  (Photo: VNA) Ninh Thuan (VNS/VNA) - The south-central province of Ninh Thuan has introduced new grape varieties and advanced farming techniques to improve farmers’ incomes. The country’s largest grape producing province has more than 1,000ha under the fruit and an annual output of 26,000-28,000 tonnes, according to its Department of Agriculture and Rural Development. It grows mostly two table varieties, Red Cardinal and NH 01-48, and the wine grape Syrah. To add value, the province has developed models of growing high quality grape to Vietnamese and global good agricultural practices ( VietGAP and GlobalGAP), and organic standards, and used advanced farming techniques in recent years. Some 31 per cent of the grape growing area sees the use of advanced techniques such as automatic irrigation and polygreen houses, and quality standards like VietGAP and GlobalGAP, … [Read more...] about Ninh Thuan province develops grape eco-system

A mother in Nam Dinh Province is in calling for support to treat her two children who both have cerebral palsy. Tran Thuy Loan and her daughter Tran Thuy Loan's son was diagnosed with cerebral palsy at only 7-months-old. For three years, she brought her son to various hospitals for treatment. Unfortunately, when her son's condition showed signs of improvement, her husband had brain cancer in 2014 and died in late 2020, leaving behind three children and a VND300m (USD13,000) debt. Loan's youngest daughter, Tran Tuong Vy, was born prematurely and also suffers from cerebral palsy. "Who wouldn't want their children to be healthy and pursue studying? After my husband died, one of my children, who was only 7 years old, kept asking me to let him drop out of school to work to save his siblings," Loan said. "The doctors said both my children need long-term treatment. I just don't know what to do." Dr Vu Thi Vui from the National Hospital of Acupuncture said, … [Read more...] about Cerebral palsy children in need of help after losing father

Illustrative photo (Source: vietnamnet.vn) Hanoi – Prime Minister Pham Minh Chinh on June 1 signed a document requesting all public agencies and localities intensify their work for effective administrative reform and business climate improvement. The document said such work should be in line with the national digital transformation to boost the quality of administrative services and tackle hurdles facing investment, production, and business activities. Since 2021, ministries have cut and simplified more than 2,200 business regulations in 177 legal documents and offered over 4,400 public services on the national public service portal. As of May this year, the country had 6,422 administrative procedures in total, a drop of 376 compared to the same period in 2020. In the document, the PM ordered a thorough review to further reduce and simplify at least 20% of the total regulations and administrative procedures related to investment, production, business and people's lives; and … [Read more...] about PM requests intensifying administrative reform, business climate improvement

Vietnam Airlines, Vietnam’s national flag carrier, was named one of the world’s top 25 airlines for 2023 by Australia-based AirlineRatings.com, an aviation safety and product review group. The carrier sits at number 20 in the rankings, above Turkish Airlines, Hawaiian Airlines, KLM, Alaska Airlines, and United Airlines. The first five positions on the list respectively went to Air New Zealand, Qatar Airways, Etihad Airways, Korean Air, and Singapore Airlines. To prepare its annual round-up, AirlineRatings.com considered major safety and government audits, as well as looked at airline fleet age, passenger reviews, profitability, investment rating, product and services, and staff relations. To make it to the top twenty-five, airlines must achieve a seven-star safety rating and demonstrate leadership in innovation for passenger comfort, according to AirlineRatings.com. “We are focused on leadership and airlines that innovate to make a real difference to the passenger … [Read more...] about Vietnam Airlines among world’s top carriers for 2023