HÀ NỘI — The Australian-funded Gender Responsive Equitable Agriculture and Tourism (GREAT) programme hosted a symposium, Engaging Women in Markets – Scaling up Local Successes Nationwide, in Hà Nội on Friday. Throughout the day, the GREAT programme team and Government of Việt Nam representatives discussed evidence and lessons learned from the GREAT Programme that can help inform Việt Nam’s National Target Programmes (NTPs) implementation. The NTPs and GREAT both aspire to stronger socio-economic opportunities in Việt Nam’s northwest region, particularly for the ethnic communities that call the region home. Australian Ambassador Robyn Mudie talks to a successful woman joining the project in Sơn La Province at the symposium. Photo Phạm Huy GREAT is Australia’s most significant gender investment in Việt Nam, totalling AU$33.7 million (US$24.1 million). The programme works with businesses, NGOs, government and civil society partners to build more inclusive business and market … [Read more...] about Australia and Việt Nam work together on gender equality for stronger economies
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Vietnam’s long-term credit rating upgraded to “BB+”: S&P
S&P forecast Vietnam’s GDP will grow 6.9% in 2022 before settling closer to its long-term trend of growing 6.5%-7% from 2023 onward. S&P Global Ratings on May 26 raised its long-term foreign and local currency sovereign credit ratings on Vietnam to 'BB+' from 'BB'. S&P expects Vietnam's economy to continue its upward trend. Source: S&P The rating agency also affirmed the country’s short-term rating at ‘B’ with a stable outlook. “The stable outlook reflects our expectations that over the next 12-24 months, Vietnam's economy will continue to recover from the challenges posed by the pandemic over the past two years. This will support the external position and rein in fiscal deficits,” it noted. S&P added it could raise the ratings if Vietnam's institutional settings improve considerably, in ways that augment policy predictability and transparency. Such favorable changes in the policy environment could bolster investor confidence in the … [Read more...] about Vietnam’s long-term credit rating upgraded to “BB+”: S&P
AFD, EU strengthen urban climate resilience in Vietnam
The AFD and EU have been actively supporting Vietnam in the areas of climate change mitigation and adaptation. Vietnam will receive financial aid from the EU and the Agence Française de Développement (AFD) to reduce the vulnerability to climate hazards in several towns in four northern and central provinces. The project is jointly co-financed with a EUR5 million (US$5.36 million) grant from the EU, a EUR123 million ($132 million) ODA loan from the AFD, and EUR 28 million ($30 million) from provincial budgets. The principal goal is to help localities adapt to climate change and recover from natural disasters such as flooding, typhoons, and drought. Delegates attend the launching ceremony. Photo: the Embassy of France in Vietnam The regional towns include Phat Diem in the northern province of Ninh Binh, Ngoc Lac in the central province of Thanh Hoa, and Hoang Mai in the central province of Nghe An, Huong Khe, and Thach Ha in the central province of Ha Tinh. … [Read more...] about AFD, EU strengthen urban climate resilience in Vietnam
Vietnamese textile-garment industry strong but not stable
Garment production for export at Kim Dung Textile and Garment Company in District 12, Ho Chi Minh City. (Photo: SGGP) Dependence on imported raw materials Ms. Nguyen Thi Tuyet Mai, Deputy General Secretary of the Vietnam Textile and Apparel Association, said that the total number of enterprises participating in the textile and garment sector in Vietnam, including foreign and domestic enterprises, is more than 7,000. Of which, only 18 percent of them produce fabric materials, 12 percent produce yarn, 2 percent produce other materials, and the rest are garment enterprises. This fact has put the textile industry in front of the challenge of unstable growth due to its dependence on imported raw materials. Currently, each year, Vietnam imports 100 percent of cotton with an estimated value of US$3.2 billion and 60 percent of fabric with an estimated value of $14 billion. The US is the largest cotton and fabric import market of Vietnam, followed by China, Japan, South Korea, and … [Read more...] about Vietnamese textile-garment industry strong but not stable
Vietnam to build second facility of Vietnam Bear Rescue Center in Thua Thien-Hue
The Vietnam Bear Rescue Center will be located at Bach Ma National Park in the Central province of Thua Thien-Hue. The new facility will be constructed on an area of 12.7 hectares including 12 houses and 12 semi-wild houses with a total non-refund donation of US$10.5 million from Animals Asia. According to the Vietnam Bear Rescue Center, on May 27, the Forest Protection Department under the Ministry of Agriculture and Rural Development , the Bach Ma National Park coordinated with the Animals Asia to organize a ceremony to publicize the project, which will be built in the administrative-service area of the Bach Ma National Park to serve over 300 species of bear in a semi-natural environment. The project is expected to start construction in 2022 and be completed in four years later. Doctor. Jill Robinson MBE, the founder and General Director of Animals Asia Speaking at the ceremony, Deputy Director of the Forest Protection Department Nguyen Quoc Hieu informed that … [Read more...] about Vietnam to build second facility of Vietnam Bear Rescue Center in Thua Thien-Hue
Vietnam, Israel convene fourth political consultation
The conference was held via videoconference on May 26 (Photo: VNA) Hanoi (VNA) - Assistant Minister of Foreign Affairs Do Hung Viet and Israel Ministry of Foreign Affairs’ Political Director Alon Bar co-chaired the fourth political consultation conference between the two ministries via videoconference on May 26. Viet and Bar briefed each other on the political and socio-economic situation in their respective countries, and highly valued the positive progresses in the all-round cooperation between Vietnam and Israel over the years, especially in politics, diplomacy, economy, science-technology, and startup. Viet welcomed the organisation of the fourth consultation conference, describing it as an effective mechanism for reviewing and enhancing the effectiveness of the cooperation between the two countries. He affirmed that Vietnam highly values and hopes to promote multifaceted ties with Israel , and thanked the Israeli Government and businesses for assisting … [Read more...] about Vietnam, Israel convene fourth political consultation
Seminar seeks measures to ensure food security and nutrition for people
The seminar was one of the activities to mark the 59th anniversary of Africa Day. Speaking at the opening ceremony, IAMES’s Head and VAECA’s President Le Phuoc Minh affirmed that as top research units on Africa of the Government, IAMES and VAECA wanted to cooperate with domestic and international organizations to annually hold Africa Day, considering it an important event to congratulate the African friends on the day as well as to strengthen mutual understanding and relationship between Vietnam and African countries. According to reports at the seminar, over the past 20 years, Vietnam has sent more than 2,000 agriculture experts to help African countries in growing rice and corn and raising fish under tripartite cooperation forms, such as the Food and Agriculture Organization – Africa – Vietnam, International Fund for Agricultural Development – Africa – Vietnam, and Japan International Cooperation Agency– Africa – Vietnam, among others. These cooperation programs have obtained … [Read more...] about Seminar seeks measures to ensure food security and nutrition for people
FDI grow strongly in the first five months
Both additionally-registered and share purchasing of FDI rose strongly in the first five months According to the Ministry of Planning and Investment's Foreign Investment Agency, Vietnam counted newly-registed FDI inflows of about $11.7 billion in the first five months, equivalent to 83.7 per cent of the previous year's total. Of this, $4.12 billion was poured into 578 newly-licensed projects, a slight decrease of 5.7 per cent in the number of projects, and a sharp reduction of 53.4 per cent in value. $5.61 billion was added to 395 projects currently underway, a rise of 45.4 per cent in value and 15.5 per cent in number. Overseas investors also poured almost $2 billion into just over 1,300 share purchase deals, an increase of 51.6 per cent over the same period last year. FDI disbursement climbed slightly by 7.8 per cent on-year to $7.7 billion. Almost 35,000 valid foreign-invested projects were accumulated across the country with the total registered capital of $426 … [Read more...] about FDI grow strongly in the first five months
Training course shares experience in prosecuting violence cases against women
Participants discuss about victim-centered methods in the prosecution of violent cases in the criminal justice system (Photo: https://toquoc.vn/) Thanh Hoa (VNA) – An intensive training course on experience in handling and prosecuting gender-based violence and abuse against women and children wrapped up in Hoang Hoa district of the north-central province of Thanh Hoa on May 26. The three-day course, jointly organised by the United Nations (UN) Entity for Gender Equality and the Empowerment of Women (UN Women) in Asia-Pacific, UN Women in Vietnam and the Vietnam Women's Union (VWU), aims to meet the urgent need for access to justice for women and children experiencing violence. It is part of the activities in the framework of the programme “Ending violence against women to strengthen the provision of essential services to women experiencing violence" implemented by UN Women . Addressing the event, Elisa Fernandez Saenz, Country Representative of UN … [Read more...] about Training course shares experience in prosecuting violence cases against women
☕ Afternoon briefing on May 27
Hanoi, (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency on May 27. – Deputies to the 15th National Assembly (NA) on May 27 discussed a report on the draft Law on Implementation of Democracy at Grassroots Level in their ongoing third session. According to Minister of Home Affairs Pham Thi Thanh Tra, the bill comprises seven chapters and 74 articles, adding many new contents to existing regulations in the field, including those on the implementation of democracy in agencies. Read full story – Upholding Vietnam’s peace-loving tradition and implementing the Party and State’s policy, over the past years, the Vietnam People’s Army (VPA) has sent officers and soldiers to participate in the United Nations (UN)’ peacekeeping missions, which has been supported by local people and appreciated by the UN and the international community. The spirit of dedication and responsibility of Vietnamese soldiers has helped spread the image of the … [Read more...] about ☕ Afternoon briefing on May 27