Vice State President Nguyen Thi Doan made the commitment at the Vietnam-Angola Business Forum held in Hanoi on February 16, with the aim of further fostering trade and investment cooperation between the two countries. Ms Doan emphasized that both Vietnam and Angola are open markets with great potential, providing good opportunities for businesses from both countries to develop their markets in the coming years. Angolan Vice President Fernando Dias dos Santos said his country considers agriculture a key sector, producing cereals and livestock for the processing industry. Its economy is gradually rebounding, so the country is creating an attractive environment for public and private investments, as well as devising measures and legal tools for strong economic growth. Mr dos Santos expressed his hope that Angolan businesses will build a strong foundation for national economic development, and that bilateral economic cooperation will progress in the near future. Vu Tien Loc, Chairman of … [Read more...]

Restructuring of State-run firms faces challenges Restructuring of a number of State-owned enterprises has been delayed due to problems of redundant workers, collecting past-due debts and writing down losses, said deputy head of the Government Office and vice chairman of the Steering Committee on Business Renovation and Development, Pham Viet Muon. Muon told a meeting held here Wednesday by the Government Office and the World Bank that the process of equitising State-owned enterprises (SOEs) has slowed in the past five years. He said the Government has requested economic groups to submit restructuring plans by March of this year which would be focused on key lines business and plan for divestment from non-core business fields such as banking, real estate development, insurance and securities before 2015. Equitisation of companies was expected to be completed before 2020. Once operations were totally focused on key lines of business, with improved corporate governance, equitisation … [Read more...]

Restructuring of State-run firms faces challenges Restructuring of a number of State-owned enterprises has been delayed due to problems of redundant workers, collecting past-due debts and writing down losses, said deputy head of the Government Office and vice chairman of the Steering Committee on Business Renovation and Development, Pham Viet Muon. Muon told a meeting held here Wednesday by the Government Office and the World Bank that the process of equitising State-owned enterprises (SOEs) has slowed in the past five years. He said the Government has requested economic groups to submit restructuring plans by March of this year which would be focused on key lines business and plan for divestment from non-core business fields such as banking, real estate development, insurance and securities before 2015. Equitisation of companies was expected to be completed before 2020. Once operations were totally focused on key lines of business, with improved corporate governance, … [Read more...]

The Vietnam-Angola Business Forum, themed "New Partners for Development" took place at Media Hotel, Hanoi on February 16. The event was hosted by the Vietnam Chamber of Commerce and Industry (VCCI) in collaboration with the Angolan Embassy in Vietnam. Vietnamese Vice President Nguyen Thi Doan and Angolan Vice President Fernando Dias Dos Santos chaired and delivered speeches to the meeting. Vice President Fernando Dias Dos Santos said Angola would do its best to promote the effective bilateral cooperation. Angola will create the most favourable conditions for Vietnamese companies to do business and for Vietnamese people to live and work. Meanwhile, Vice President Nguyen Thi Doan stressed that both Vietnam and Angola are open markets with great potential, providing good opportunities for businesses from both countries to develop their markets in the coming years. Vietnam will do its utmost to further promote political and economic relations with Angola. The forum witnessed an … [Read more...]

Vietnam and Angola are promising open markets and the Vietnam-Angola Business Forum is an opportunity for the two countries’ businesses to develop their markets in coming years, said Vice State President Nguyen Thi Doan. Addressing the forum, themed “New Partners for Development” that took place in Hanoi on Feb. 16, Vice President Doan said Vietnam will exert its utmost to beef up the two countries’ economic and political relations, facilitate cooperation between the two countries’ businesses and act as an efficient bridge for the two economies to bring their strengths into play. Angolan Vice President Fernando Dias Dos Santos said Angola defines agriculture as its key goal, with cereal and breeding and processing industries. Angola is creating an attractive investment environment for private and public investors, said the Angolan Vice President, expressing his belief that through the establishment of partnerships, cooperation between Vietnamese and … [Read more...]

Vietnam and Angola are promising open markets and the Vietnam-Angola Business Forum is an opportunity for the two countries' businesses to develop their markets in coming years, said Vice State President Nguyen Thi Doan. Addressing the forum, themed "New Partners for Development" that took place in Hanoi on Feb. 16, Vice President Doan said Vietnam will exert its utmost to beef up the two countries' economic and political relations, facilitate cooperation between the two countries' businesses and act as an efficient bridge for the two economies to bring their strengths into play. Angolan Vice President Fernando Dias Dos Santos said Angola defines agriculture as its key goal, with cereal and breeding and processing industries. Angola is creating an attractive investment environment for private and public investors, said the Angolan Vice President, expressing his belief that through the establishment of partnerships, cooperation between Vietnamese and Angolan businesses will see new … [Read more...]

VGP - Việt Nam-Angola Business Forum was held in Hà Nội on February 16 to boost trade and investment cooperation between the two countries. Việt Nam will do its utmost to further promote political and economic relations with Angola and create the best conditions for businesses from the two countries to cooperate with each other, said Vice State President Nguyễn Thị Doan. Ms. Doan emphasized that both Việt Nam and Angola are open markets with great potential, providing good opportunities for businesses from both countries to develop their markets in the coming years. Angolan Vice President Fernando Dias dos Santos said his country considers agriculture a key sector, producing cereals and livestock for the processing industry. Its economy is gradually rebounding, so the country is creating an attractive environment for public and private investments, as well as devising measures and legal tools for strong economic growth. Mr. dos Santos expressed his hope that Angolan businesses will … [Read more...]

In his message to the Russian President, which was read by Major General Tran Minh Son, head of the Vietnam Military Attaché Agency in Russia, at the funeral service for Gorbatko in Moscow on May 19, President Tran Dai Quang said that the passing away of Gorbatko is a great loss of both Russia and Vietnam. The Party, State and people of Vietnam highly value contributions that Gorbatko made to the development of the Vietnam-former Soviet Union ties in the past and the Vietnam-Russia strategic partnership recently. Astronaut Viktor Gorbatko passed away on May 17 at the age of 83 after an illness. He was born on December 3, 1934 and grew up in Northern Caucasus of Russia. He flew to the space three times in 1969, 1977 and 1980. In his last flight on July 23, 1980, he was accompanied by first Vietnamese cosmonaut Pham Tuan in the "Union-37" spaceship that was launched from Baikonur and returned to the ​Earth on July 31, 1980. The flight became a historical event of both countries, marking … [Read more...]

At the 73rd meeting of the standing board of the provincial Party Committee on May 19, Vice Chairman of the provincial People’s Committee Truong Minh Hien said the authorities agreed to grant Vinamilk a 40-year lease for a farm covering an area of 150ha with 4,000 heads of cow, and another 500ha for grass and corn cultivation. A station will also be built to purchase fresh milk from local farmers. The province also ensures sufficient infrastructure for the project, offers vocational training support, and pledges to fulfill 10 commitments to investors. Secretary of the provincial Party Committee Nguyen Dinh Khang asked relevant departments and agencies to complete administrative procedures, ensuring that the project meets schedule. … [Read more...]

Two years ago, Vietnamese ambassador to the Czech Republic Truong Manh Son and representatives of Vietnamese People’s Associations in the country sat down with Liberec Province’s leaders to discuss building a statue or stone monument to commemorate the President’s visit. Meanwhile, a Czech woman living in a small town of Dobris, only 50 km from the capital, is also thinking of President Ho. Twice being in Vietnam, she visited his birthplace. She is visiting Vietnam again this July to visit the Ho Chi Minh Mausoleum as when she was last in Vietnam, the venue was undergoing maintenance. Vera Dinh said she visited Vietnam twice and went to President Ho Chi Minh’s hometown where he spent his entire childhood. "I have many Vietnamese friends who teach me lots of things about the late President. He visited our country in the past, Lidice war relic site in particular. As far as I know, most Vietnamese people love him," she said. … [Read more...]

In each zone indigenous people introduce visitors to aspects of their culture. Nguyen Thanh Son, Director of the village's Management Board, said, “We invite ethnic people to come to conduct festivals, cultural exchanges, and performances that promote their culture. Each year, about 1,000 ethnic people come here to participate. We organize three major events each year: the Spring Festival during the Lunar New Year holiday, the Cultural Day of Vietnam’s Ethnic Groups on April 19, and the Week of Heritages and Ethnic Solidarity from November 18 to 23.” The management of the village holds themed communal culture programs on a monthly basis. There have been programs on the Northwest region, the Central Highlands, ethnic costumes, musical instruments, and production tools. Since it opened to the general public in October, the village has welcomed over 2 million visitors. Tour guide Nguyen Thi Hoasaid: “The ethnic village zone is divided into 4 areas. The first area … [Read more...]

As soon as this year, Vnexpress reports, visitors to Hue will be able buy tickets online – using a computer or mobile phone – and gain entry to sites carrying just the credit or debit card with which they paid. It’s great news as finally we have a city in Vietnam that understands the importance of modernizing its outdated manual ticket systems so that tourists are no longer reliant on the old paper format. City officials have held meetings to discuss how quickly staff can be trained and get up to speed on utilizing advanced technology that could be introduced across the country. Under the plans, visitors would be able to store their tickets on so-called contactless credit or debit cards or in the alternative purchase magnetic strip cards. Ticket barriers will be upgraded so they are like those used by advanced countries around the globe, where passengers can tap their cards to pay and gain entry to tourist destinations. It’s a fantastic idea that thrusts Vietnam … [Read more...]

His hard work paid off with the display area’s opening in 2000. The area features an Uncle Ho themed exhibiting room, statues of Vietnamese soldiers and heroic mothers, as well as a lotus-shaped fountain. Among 100 photos and items displayed here, the most noticeable is a large photo capturing the President’s moment of death which is inside a glass case in the centre of the room. Regardless of his old age, he still devotes time to the display area. He also plays the role of story teller to help visitors understand more about each item. He also takes care of the fruit tree garden and fish pond covering the exhibiting house whenever he has free time. At his age, Phuoc only wishes for health and financial resource to continue pursuing his passion and also to visit the late president’s native land. … [Read more...]

As one of the most prominent ministerial meetings in APEC’s framework, MRT 23 also saw the participation of ministers responsible for trade and senior officials from 21 APEC member economies as well as Director-General of the World Trade Organisation (WTO) Roberto Azevedo. In his opening remarks, PM Nguyen Xuan Phuc said since its inception in 1989, APEC has always been an important economic driver and growth engine of the Asia-Pacific region and the world. APEC has a combined population of more than 2.8 billion people, approximately 40% of the world population. After nearly three decades, APEC member economies have strongly expanded, accounting for approximated 60% of the world GDP and 49 percent of the global trade. The regional average tariff has been reduced from 11% in 1996 to 5.5% in 2016. Income and living standards have been improved for a large proportion of the population in the region. These outcomes have provided testament to the efforts of the region for trade … [Read more...]

Dr Nguyen Duc Kien, deputy chairman of the National Assembly Economic Commission, told VIR’s Manh Bon that if Vietnam focuses on available solutions, and especially, the disbursement of investment capital, the 2017 GDP growth may be closer to the target of 6.7 per cent. Are you satisfied with Vietnam’s economic performance in the first four months of 2017? Based on the statistics of the General Statistics Office of Vietnam, the GDP increased by only 5.1 per cent in the first quarter of 2017, the lowest growth rate since the trough of 5.42 per cent in the second quarter of 2014. Thus, to reach the target of 6.7 per cent, for the three remaining quarters of 2017, an average of 7.1 per cent growth needs to be produced. This will be difficult to achieve. Of the three main pillars of the Vietnamese economy, although agriculture, forestry and fishery sectors significantly recovered in the first quarter of 2017, their overall growth rate was a meagre 2.03 per cent, a decrease of … [Read more...]

The Vietnam food sector is attractive to investors because of its annual growth rate of 12%. CJ, an investor from the Republic of Korea (ROK), has step by step been taking over Vietnamese food companies, one after the other. Korea Herald reported that CJ CheilJedang, a subsidiary of CJ Group, has spent US$13.44 million to acquire a 64.9% stake of Minh Dat Food, considered the biggest Vietnamese private meatball company with revenue of VND270 billion in 2016. The deal reportedly was made in secret in late 2016 and was only wrapped up officially in May 2017. The company has changed its name to Minh Dat CJ Food and it is recruiting workers for the new development stage. CJ buys Minh Dat because it believes that fish and meatballs are popular dishes in SE Asia in general and Vietnam in particular, and that Vietnam is a market with stable growth rate. The group plans to sell ready-made food, including meatballs in SE Asia through Minh Dat. A CJ representative said the policy on penetrating … [Read more...]

Travelling more than 300km to reach the site, Nguyen Thi Que from Hanoi said that despite her busy work, she and her husband took their children to Uncle Ho’s homeland to pay tribute to the leader on his birthday. Que held that the sacrifice and service that Uncle Ho rendered to the nation should be popularised among younger generations. At the same time, Dang Thi Thom from the northern province of Phu Tho said that offering incense to President Ho Chi Minh at his house has long been her dream. She was moved to visit the house in which the late leader grew up as well as his simple living style. Nguyen Bao Tuan, Director of the Kim Lien Relic Site’s Management Board, said that on the occasion of President Ho Chi Minh’s birthday every year, the site often welcomes up to 7,000 visitors each day, four times higher than normal. Along with strengthening personnel for security and order at the site, the board also restored the cultural space of Sen village and Hoang Tru … [Read more...]

He made the remark during an interview with Vietnam News Agency, noting that the future of APEC is an issue high on the agenda, as the deadline for the Bogor Goals realisation is nearing while scepticism about globalisation and free trade benefits is emerging in certain places around the world. The Bogor Goals were set two decades ago, and there are only three years left before the deadline for their realisation. At the freshly concluded second SOM (SOM 2), APEC member economies reiterated the resolve to promote regional economic connectivity and implement the set trade and investment liberalisation targets. They also agreed to speed up the liberalisation of services and investment, and reduce nontariff barriers – the fields in which there hasn’t been substantial progress to achieve the Bogor Goals. Son said cooperation in APEC is a long-term process with the common goal of development and prosperity in the region. At this SOM 2, member economies also discussed measures for … [Read more...]

The events are part of the 2017 Belarus Culture Days in Vietnam, which is jointly organised by the MCST, the Ministry of Culture of Belarus, and the Embassy of Belarus in Vietnam to mark the 25th anniversary of the two nations’ diplomatic ties. The photos will give an insight into Belarus’s 1,000-year history, its rich culture, beautiful landscapes and hospitable people through images of antique objects, maps, and documents. The painting exhibition will show 21 oil paintings of Vasily Yasyuk using the “alla prima” technique. In the framework of the exhibition, a short training section will be held on May 26 to train a number of students from the Vietnam University of Fine Arts on the “alla prima” technique. … [Read more...]

The first phase of the factory is scheduled to begin operation in February 2018, employing 2,000 workers, while the second phase of construction will begin in 2019. The factory has a design capacity of 25-30 million products per year, with estimated export turnover reaching US$90-100 million per year in the first years in operation. Tran Van Chuyen, Chairman of the provincial People’s Committee said the new factory will create jobs for local residents and contribute to socio-economic development. The NBC is one of the leading businesses in Vietnam’s textile-garment sector, with 37 affiliated companies and nearly 30,000 workers. Export turnover of the NBC hit US$729 million in 2016 and expected to reach US$820 million this year. … [Read more...]