Renato Darsie (R), Chairman of the Italy - Vietnam Friendship Sub-Association in Veneto , presents the right to use the Vietnamese cultural centre to a representative of Vietnamese students in May 2022. (Photo: VNA) Rome (VNA) – With multiple-year experiences, the Italy - Vietnam friendship sub-associations in regions of the European country can make practical contributions to the friendship and cooperation between the two countries by providing information on Vietnam to Italian people and businesses. So said Renato Darsie, Chairman of the Italy - Vietnam Friendship Sub-Association in the Veneto region, in an interview granted to the Vietnam News Agency. He described the 50th anniversary of the diplomatic relationship (March 23, 1973 - 2023) as an important milestone marking the growing friendship and political, economic, and cultural ties between the two countries. Bilateral relations over the last 50 years are those of solidarity and friendship across the board as … [Read more...] about Friendship sub-associations practically help with Italy – Vietnam ties: insider
Anti corruption and anti narcotics association of pakistan
Bac Giang promotes consumption of OCOP products associated with tourism
A farmer harvests lychees grown under GlobalGAP standards in Luc Ngan district, Bac Giang province. (Photo: VNA) Bac Giang (VNA) – The northern province of Bac Giang plans to strengthen communication activities for products of the One Commune-One Product (OCOP) programme and promote the consumption of OCOP products associated with tourism activities this year. Launched in 2018, the OCOP programme in Vietnam focuses on developing specialty products and high-quality products in rural areas to increase incomes for locals and boost the sustainability of economic development in rural areas. OCOP products are commercial products and services such as food and beverages, handicrafts, and rural tourism services. They are classified as having one to five stars. Under the programme, activities are conducted to build and promote value chains, which help promote economic restructuring and improve people's income and living standards. Bac Giang province set out the goal that by the … [Read more...] about Bac Giang promotes consumption of OCOP products associated with tourism
Vietnam showing better-than-average growth: Indian expert
Vietnam is said to have been avoiding the usual recessionary trends across the Asian markets and is showing better-than-average growth. (Photo: VNA) New Delhi (VNA) – An Indian expert has highly valued Vietnam’s post-pandemic recovery in an article recently published on Moderndiplomacy.eu. In the writing, titled “Vietnam’s macroeconomic policy and post COVID recovery”, Prof. Pankaj Jha, Director of the Centre for Security studies at India’s Jindal School of International Affairs, cited the latest IMF reports as saying that Vietnam's real gross domestic product ( GDP ) in 2023 is estimated at 6.2%, and this clearly indicates Vietnam has been avoiding the usual recessionary trends across the Asian markets and is showing better-than-average growth. He noted with an inflation rate of less than 4%, it clearly shows that Vietnam is likely to emerge as a promising economy in Asia. If one looks into the core fundamentals of Vietnam following the COVID-19 pandemic, it … [Read more...] about Vietnam showing better-than-average growth: Indian expert
Sugar industry to recover this year
Movements of raw sugar futures in the last five years. Source: tradingeconomics.com Businesses in the sugar industry will rebound, buoyed by higher sugar prices and anti-dumping measures on some sugar cane products originating from Thailand. In February, raw sugar futures hovered at the 6-year high of roughly US 22 cents a pound set on February 27. Specifically, February's average raw sugar price was US 20.23 cents a pound, compared to US 18.87 cents per pound in January and US 18.93 cents in December 2022. According to the Food and Agriculture Organisation of the United Nations, the average sugar price was US 18.5 cents per pound during the first ten months of 2022. The Rome-based agency forecast that by 2029, the average sugar price will reach US 21.3 cents but the fact is that the price exceeded the figure in January. In the international market, raw sugar futures tracked by tradingecnomics.com were traded at US 21.14 cents per pound on Thursday, continuing the rally … [Read more...] about Sugar industry to recover this year
Workshop looks to promote oveaseas Vietnamese intellectuals’ potential
An overview of the workshop . (Photo: VNA) Hanoi (VNA) - Vietnamese intellectuals are an important workforce in the country’s industrialisation and modernisation, and international integration as well as building a knowledge-based economy, Phan Xuan Dung, President of the Vietnam Union of Science and Technology Associations (VUSTA) said on March 23. He made the remarks at a workshop held by VUSTA which aims to seek ways to promote the potential of overseas Vietnamese (OV) intellectuals for national construction and development, especially in science and technology capacity development and building national innovation and start-up ecosystems and digital transformation. Along with the rapid development of the modern scientific and technological revolution, intellectuals have become a particularly important resource, creating the strength and position of each country, Dung said, adding that OV intellectuals are an integral part of the nation who make important … [Read more...] about Workshop looks to promote oveaseas Vietnamese intellectuals’ potential
Vietnamese tra fish sector enters new development cycle
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), in the first half of this year, tra fish processing factories have operated at their full capacity to meet export orders. So far, tra fish export revenue is estimated at 1.4 billion USD. CPTPP ) such as Mexico, Canada, Australia and Japan. To date, CPTPP market is the second largest export market of Vietnamese tra fish after China, Hong Kong (China), and the US. export revenue of frozen tra fish to the market is forecast to increase 35 percent to more than 110 million USD in the second quarter of this year. VNA … [Read more...] about Vietnamese tra fish sector enters new development cycle
Health and vehicles to be main growth drivers for non-life insurers in 2023
A customer examining a vehicle insurance product at Bao Viet Insurance Group’s office. The potential growth of vehicle insurance is high car travel increase. — VNA/VNS Photo Experts have predicted that the health and vehicle insurance sectors will continue to serve as the primary growth drivers for non-life insurance in Viet Nam this year. Data from the Vietnam Insurance Association reveals that non-life insurance and health insurance comprised the largest proportion of the insurance industry's premium revenue last year, accounting for approximately 33.2 per cent, with revenue of VND22.41 trillion. This represented a 24.3 per cent increase from the same period in 2021. In the meantime, vehicle insurance generated a revenue of VND18.1 trillion, comprising 26.8 per cent of the overall market revenue and witnessing an 11.9 per cent growth rate over the same period in 2021. Health and vehicle insurance products are expected to continue to increase this year, especially when the … [Read more...] about Health and vehicles to be main growth drivers for non-life insurers in 2023
Bac Lieu resolved to combat IUU fishing, sustainably develop fisheries
Fishing vessels of Bac Lieu province dock at Ganh Hao Estuary in Dong Hai district. (Photo: VNA) Bac Lieu (VNA) – The Mekong Delta province of Bac Lieu is determined to join the entire Vietnam in combating illegal, unreported, and unregulated (IUU) fishing and sustainably developing the fisheries sector for the sake of people and the country, Chairman of its People’s Committee Pham Van Thieu has said. With an annual catch of about 120,000 tonnes of seafood, Bac Lieu identifies fisheries as a key sector. Given this, it has been ramping up the fight against IUU fishing and obtained many encouraging results. Notably, it hasn’t recorded any fishing vessels infringing foreign waters since 2022. To achieve such results, the province has engaged the entire political system in taking measures against IUU fishing to help remove the European Commission (EC)’s “yellow card” warning. The provincial Department of Agriculture and Rural Development has coordinated with other … [Read more...] about Bac Lieu resolved to combat IUU fishing, sustainably develop fisheries
Health, vehicles main growth drivers for non-life insurers in 2023
Illustrative image (Photo: Bao Viet) Hanoi (VNS/VNA) - Experts have predicted that the health and vehicle insurance sectors will continue to serve as the primary growth drivers for non-life insurance in Vietnam this year. Data from the Vietnam Insurance Association reveals that non-life insurance and health insurance comprised the largest proportion of the insurance industry's premium revenue last year, accounting for approximately 33.2%, with revenue of 22.41 trillion VND. This represented a 24.3% increase from the same period in 2021. In the meantime, vehicle insurance generated a revenue of 18.1 trillion VND, comprising 26.8% of the overall market revenue and witnessing an 11.9% growth rate over the same period in 2021. Health and vehicle insurance products are expected to continue to increase this year, especially when the awareness of people and economic organisations about the role of insurance continues to be improved. Regarding health insurance, the … [Read more...] about Health, vehicles main growth drivers for non-life insurers in 2023
US companies upbeat on investment opportunities in Viet Nam
A Coca Cola factory in Viet Nam. The beverage giant was among companies joining the mission. — Photo nld.com.vn Senior executives from 52 US companies in the 'biggest-ever' US business mission to Viet Nam are discussing investment and sales opportunities in the country. Chairman of the US-ASEAN Business Council (USABC) Ted Osius said the council was never as busy as it is now. Its services are in high demand because many US companies show great interest in the country. He also said USABC representatives from other countries told him that they must act quickly because they were competing with Viet Nam. That was a way of saying Viet Nam has become a destination for growth and opportunities. Rafael Frankel, Director of Public Policy at Meta, said the trip was the second time he had been to Viet Nam since the outbreak of the COVID-19 pandemic. He appreciates the diligence of the Vietnamese workforce and sees a bright prospect for growth in the country. As such, he revealed the … [Read more...] about US companies upbeat on investment opportunities in Viet Nam