Asean us business council

Four Vietnamese were awarded the New Zealand ASEAN Scholar Awards by New Zealand Prime Minister John Key on Monday. The four were among the 40 individuals from 10 member states of the Association of Southeast Asian Nations (ASEAN) to be presented with the prestigious prizes in a ceremony to mark 40 years of diplomatic relations between New Zealand and the bloc. ASEAN is a ten-member organization which includes Indonesia, Malaysia, the Philippines, Singapore, Thailand, Brunei, Cambodia, Laos, Myanmar and Vietnam. The Vietnamese recipients of the awards are Mai Kieu Lien, CEO of dairy firm Vinamilk; Nguyen Xuan Vang, head of the International Cooperation Department under the Ministry of Education and Training; Tran Duc Lam, CEO of Tran Duc Homes Company; and diplomat Ton Nu Thi Ninh. The four were honored for their contribution to the development of Vietnam and New Zealand’s cooperation. The New Zealand-ASEAN Scholar Awards are designed to recognize New Zealand’s close … [Read more...] about Four Vietnamese awarded New Zealand ASEAN Scholar Awards

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

Le Trung Kien, Head of Hai Phong Economic Zone Management Board presents gifts to representatives of Nomura-Haiphong Industrial Zone Development Corporation (investor of Nomura Hai Phong Industrial Park) (Photo: VNA) Hai Phong (VNA) – Hai Phong will always accompany with and create optimal conditions for investors, vowed Nguyen Trung Kien, head of the Economic Zone Management Board of the northern port city, during a meeting with foreign-invested businesses in the city on January 31. Kien thanked the firms for choosing Hai Phong as their long-term investment destination, expressing his hope that the partnership between the two sides will continue to be strengthened, benefiting both sides. He said that 2023 is predicted to be a tough year, but local authorities will support and give best conditions for businesses to overcome common difficulties of the world economy. In following years, Hai Phong will continue to expand industrial parks and clusters, while improving … [Read more...] about Hai Phong pledges optimal conditions for investors

Illustrative photo (Source: VNA) Hanoi (VNS/VNA) – Vietnam’s textile, garment and footwear sectors aim to achieve a total export value of 77-80 billion USD in 2025 and 106-108 billion USD in 2030, according to the strategy for the development of Vietnam’s textile and footwear industry. Under the development strategy approved by the Government, for the long term, the garment, textile, leather and footwear sectors are still key export industries of the economy. The sectors will continue to promote investment in the production of materials and auxiliary materials, as well as supporting industries. They will encourage the production of fabrics from domestically produced yarn to reduce imports, and form a complete supply and value chain in the region. For the leather and footwear industry, Nguyen Duc Thuan, Chairman of Lefaso, said domestic enterprises need to actively adapt to the requirements of the market and brands on sustainable development standards for products. They … [Read more...] about Garment, footwear exports aim to reach 80 bln USD by 2025

Goods for export at the Tan Cang-Cat Lai Port in HCM City. Vietnam's exports to India topped 7.96 billion USD in 2022, up 26.8% year-on-year.  (Photo: VNA) Hanoi (VNS/VNA) - Two-way trade between Vietnam and India saw a yearly increase of 13.6% to 15.05 billion  USD in 2022, statistics from the General Department of Customs showed. During the year, Vietnam’s exports to India topped 7.96 billion USD, up 26.8% year-on-year. Among its export items, mobile phones and accessories posted the highest turnover with 1.52 billion USD, up 18.4%, making up nearly 20% of the total export value. Computers, electronics and parts came next with 1.03 billion USD, up 25%, or 13%, while machinery and equipment ranked third with 804 million USD or over 10%. Other staples with the highest value increase were coffee with 165%; iron and steel (97%) and footwear (96%). Some items, however, posted large decreases in export value, such as animal feed and raw materials with 23.04 million USD, down … [Read more...] about Vietnam’s trade with India hits record in 2022

The northcentral and central coastal region has a special strategic role in economy, politics, culture, society, environment, defence, security and foreign relations of the country (Photo: MPI) Hanoi (VNA) – A national conference on the socio-economic development of the northcentral and central coastal region will be held on February 5, focusing on seeking measures to boost maritime economic growth for fast and sustainable development of the regions, Deputy Minister of Planning and Investment Tran Huy Dong said at a press briefing in Hanoi on February 1. Dong said that the conference aims to launch the Government’s action programme to implement the Politburo’s Resolution 26 -NQ/TW on the orientations for socio-economic development and security-defence protection of the region to 2030 with a vision to 2045, and attract investment to the region. According to the official, the conference is also designed to call for the engagement of investors, domestic and foreign … [Read more...] about Maritime economy to be boosted in northcentral and central coastal region

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: VNA) Hanoi (VNA) - The State Treasury has announced that it plans to raise 400 trillion VND (over 17 billion USD) worth of Government bonds via auctions on the Hanoi Stock Exchange (HNX) this year. State Treasury will offer 108 trillion VND worth of G-bonds with different maturities, including 5-year and 7-year bonds valued at 8 trillion VND, 10-year and 15-year bonds each valued at 45 trillion VND, and 5 trillion VND worth of 20-year and 30-year bonds each. auctions of 5-year bonds worth 500 billion VND, and 10-year and 15-year bonds worth 5 trillion VND each. VNA … [Read more...] about State Treasury to auction 400 trillion VND worth of government bonds in 2023

Illustrative image (Photo: VNA) Hanoi (VNA) – The State Bank of Vietnam set the daily reference exchange rate at 23,610 VND/USD on February 1, up 1 VND from the previous day. With the current trading band of +/- 5%, the ceiling rate applied to commercial banks during the day is 23,790 VND/USD and the floor rate 22,491 VND/USD. The opening hour rates at commercial banks dropped. Vietcombank listed the buying rate at 23,250 VND/USD and the selling rate 23,230 VND/USD , both down 10 VND from the end of January 31. BIDV reduced both rates by 20 VND to 23,300 VND/USD (buying) and 23,600 VND/USD (selling)./. VNA … [Read more...] about Reference exchange rate up 1 VND on February 1

A Vietjet aircraft (Photo: Vietjet) HCM City (VNA) – Low-cost airline Vietjet is offering passengers lucky journeys on the red aircraft with attractive promotions on the occasion of the spring 2023. Accordingly, passengers enjoy a discount of up to 90% from February 1-3 when booking tickets and applying the code "FLYFORLOVE" at the official website www.vietjetair.com and Vietjet Air mobile app. The flight period is from February 16 to May 16, 2023 for all domestic and international routes including those to Australia, India, Kazakhstan, the Republic of Korea, Japan, Taiwan, Hong Kong, Thailand, Singapore, Malaysia, and Indonesia (Bali). In particular, passengers can enjoy free payment fees when booking and paying via Vietjet SkyClub. Moreover, from February 1 to March 15, thousands of e-vouchers worth 100,000 VND will be given to all passengers when booking tickets and successfully paying with Vietjet, after then visit https://evoucher.vietjetair.com/ to receive e-voucher … [Read more...] about Vietjet offers flight tickets up to 90% off