Asean china business council

Trucks carrying products for export to China pass through Kim Thanh International Land Border Gate No. 2 in the northern province of Lao Cai. (Photo: VNA) Hanoi (VNA) – Vietnamese businesses which want to export medicinal herbs to China must submit information about growing areas and packaging establishments to the provincial Departments of Agriculture and Rural Development. The departments were required to report to the Plant Protection Department under the Ministry of Agriculture and Rural Development by April 15, 2023. The Vietnamese authority will the work with the General Administration of Customs of China (GACC) to grant export licences to eligible exporters. According to the Plant Protection Department, GACC has informed it about China’s plan to review the supervision system for exported medicinal herb s and the registration of enterprises which produce, process and preserve medicinal herbs for export to China. To meet the requirements of the Chinese side … [Read more...] about Businesses exporting medicinal herbs to China required to register

In 2023, revenues of Vietnam’s e-learning market are expected to reach around 3 billion USD with a compound annual growth rate of about 20.2% during 2019-2023, according to a report by Ken Research (Photo: doanhnhansaigon.vn) Hanoi (VNA) – Experts are positive about the development of Vietnam’s education technology (Edtech) market in 2023 if local Edtech companies can overcome post-pandemic challenges. Pham Giang Linh, managing director of Galaxy Education told the Tuoi tre (Youth) newspaper that Vietnam’s Edtech market was formed in 2006 and 2007 – the first development stage of the digital economy in the country, but it only attracted wide attention in the period from 2020-2021, when demand for e-learning increased sharply due to the COVID-19 pandemic. In 2022, Vietnam saw the establishment of more than 100 Edtech startups which strongly attracted capital from foreign investors, he said, citing examples like Topica, ELSA, ColderSchool, Edmicro, Vuihoc, and Educa, … [Read more...] about 2023 – Time for Edtech to thrive in Vietnam

Singapore’s inflation remains high in 2023: Economists (Photo: VNA) Singapore (VNA) – Based on latest data from Singapore ’s Ministry of Trade and Industry and Industry (MTI), many economists have forecasted that the country’s inflation will remain high in 2023, despite signs of reduction from global price pressures. In 2022, overall inflation came in at 6.1%, up from 2.3% a year ago, while core inflation, which excluded accommodation and private transport, came in 4.1% year on year, an increase of 0.9% year on year. Singapore's overall inflation is forecast at 4.5-5.5% in 2023, while core inflation is forecast at 2.5-3.5% after excluding impacts of increase in Goods and Services Tax (GST). Monetary Authority of Singapore (MAS) and the MTI have also warned about risks that could lead to high inflation rates being “persistent than expected”, especially after China reopened its market. However, both MAS and the MTI are still optimistic about the second half of … [Read more...] about Singapore’s inflation remains high in 2023: Economists

Industrial production is forecast to increase 6.6% in 2023. (Photo: VNA) HCM City (VNA) – Vietnam is predicted to record a rise of 6.6% in industrial production in 2023, according to S&P Global Market Intelligence. S&P Global noted the Vietnamese manufacturing sector continued to face challenging business conditions in the opening month of 2023. Production and new orders continued to decline. That said, there were some signs of improvement in demand as new business fell at a softer pace, helped by a renewed expansion in new export orders. The S&P Global Vietnam Manufacturing Purchasing Managers' Index (PMI), released on February 1, posted 47.4 in January, up from 46.4 in December but still pointing to a solid monthly deterioration in the health of the manufacturing sector. January data signalled a further marked decline in manufacturing production, albeit one that was slightly softer than seen in December. Lower new orders were often behind falling output, with … [Read more...] about Vietnam’s industrial production to rise 6.6% in 2023: S&P Global

Illustrative image (Photo: asean.org) Bangkok (VNA) – The Economic Intelligence Centre of the Siam Commercial Bank forecasts the CLMV countries , namely Cambodia, Laos, Myanmar and Vietnam, will gain a stronger growth momentum in 2023, but remain below its growth potential prior to the COVID-19 outbreaks. The rebound will be uneven across countries, depending on economic fundamentals and country-specific risks, the centre said in its February 1 report. SCB EIC expects that the Cambodian economy will grow 5.5% this year, 3.0% in Laos and Myanmar, and 6.2% in Vietnam. According to the report, domestic demand and tourism will be key drivers for CLMV economic recovery in 2023. Domestic demand will gain support from improvements in the labour market, as seen in Vietnam’s Q4/22 employment soaring to its highest level since the COVID-19 outbreaks. Meanwhile, the service sector will benefit from rising tourist arrivals this year, particularly Chinese visitors who made up … [Read more...] about CLMV countries to grow stronger this year: Thai bank

After more than a year with a lot of efforts in scientific works, he was honored as the youngest among the top ten scientists receiving the Qua Cau Vang (Golden Globe) Awards in 2022. Overcoming hardships Luong Van Thien was born to a farmer family in a poor village of Yen Thanh commune, Yen Mo district, Ninh Binh province. He remembered when he was a student, his parents had to work as hired laborers to pay for his education. Thien often asked for old books to self-study. He took time to study and made great efforts to acquire knowledge. After entering the Luong Van Tuy Gifted High School, he won numerous national-level mathematics competitions. In 2010, he was admitted to the Hanoi Medical University, but he chose to enter the Faculty of Electronics and Telecommunications of the Hanoi University of Science and Technology. At first, his parents did not agree with his choice, but then they believed in his decision because he passed the exam to the school's talented engineer … [Read more...] about Desire to dedicate to the country