Australia vietnam enhanced economic engagement strategy

Vice Chairman of the provincial People’s Committee Le Huu Hoang and Rebecca Ball, Senior Trade and Investment Commissioner of Australia. (Photo: VNA) Khanh Hoa (VNA) – The Australian Trade and Investment Commission (Austrade) recently organised a roadshow in the central province of Khanh Hoa to unlock Vietnam – Australia cooperation opportunities in the fields of education and trade. The event, held as part of the activities to celebrate the 50th anniversary of the Vietnam – Australia diplomatic relations, drew more than 100 representatives from Australian universities, education establishments, food enterprises, as well as those from local branches, sectors, restaurants, hotels, retailers, importers, universities and colleges. Rebecca Ball, Senior Trade and Investment Commissioner of Australia, said that the event is expected to serve as a booster for the Vietnam – Australia trade through new cooperation opportunities in education and agrifood. Similar roadshow s … [Read more...] about Roadshow promotes Vietnam – Australia trade, education cooperation

At the meeting between National Assembly Chairman Vuong Dinh Hue and Bulgarian President Rumen Radev in Sofia on September 25 (Photo: VNA) Sofia (VNA) – Vietnam is a trustworthy partner and loyal friend of Bulgaria, affirmed President Rumen Radev while hosting visiting National Assembly (NA) Chairman Vuong Dinh Hue in Sofia on September 25. In response, the top Vietnamese legislator stated Vietnam treasures its traditional friendship with countries in Central and Eastern Europe, with Bulgaria being a priority partner. The two sides agreed that the nations’ close and loyal friendship is a valuable asset that should be preserved and promoted by their leaders and people, including more than 30,000 Vietnamese who have been trained, educated, and worked in Bulgaria and around 1,000 Vietnamese expatriates living in the European country. The Bulgarian President wished to continue strengthening the exchange of information and experience between the two countries in general … [Read more...] about Bulgaria considers Vietnam trustworthy partner, loyal friend: President

On September 22, Vietnam Report unveiled its annual list of the Top 10 Credible Retail Companies for 2023. The rankings, reflected an industry grappling with significant challenges of considerable interest to investors and stakeholders. Since the fourth quarter of 2022, Vietnam’s retail sector has witnessed subdued growth. Profits have been under strain thanks to subdued demand stemming from a dip in public incomes due to export challenges. Additionally, many retailers are navigating the complexities of high interest rates and stringent credit conditions set by consumer finance entities. The fresh survey conducted by Vietnam Report highlighted that almost all businesses (100 per cent) cited weak consumer demand as a concern, with 92.9 per cent noting the persistent economic slowdown. Early 2023 also saw retailers facing fierce price competition, further straining profits. To combat this dip in consumer spending, nearly 64 per cent of retailers plan to launch consumer incentive … [Read more...] about Vietnam’s retail sector faces mounting challenges

SKC, a chemical unit under the energy-to-telecom conglomerate SK Group, said on September 25 that the factory of Ecovance, a joint venture between SKC and two other South Korea partners, will be established in Vietnam's northeastern city of Hai Phong to manufacture polybutylene adipate terephthalate (PBAT), a biodegradable co-polymer widely used as feedstock for general plastics. The facility is set to go operational in 2025 and produce 70,000 tonnes of PBAT a year. Officials of SKC and Ecovance visited Hai Phong on September 22 for a ceremony where Vietnamese authorities presented them with an investment registration certificate. Ecovance specializes in developing PBAT with enhanced durability. PBAT is extensively used in general purpose plastics, from industrial films and food containers to diapers and masks. SKC will also be building a separate facility to produce an annual 36,000 tonnes of its biodegradable material, named Limex, at the same site, according to the firm. … [Read more...] about SK Group to build biodegradable material factory in Vietnam

President of the National Assembly of People's Power of Cuba Esteban Lazo Hernandez presents a gift to a child patient treated at the hospital. (Photo: VNA) Quang Binh (VNA) – A Cuban high-level delegation headed by President of the National Assembly of People's Power of Cuba Esteban Lazo Hernandez on September 25 visited the Vietnam-Cuba friendship hospital in the central province of Quang Binh’s Dong Hoi city, which was built in 1973 following then President Fidel Castro's visit to the region. Welcoming the delegation, Secretary of the provincial Party Committee and head of the provincial delegation of NA deputies Vu Dai Thang highlighted Quang Binh’s appreciation of Cuba’s affection and assistance for the province and the liberated zone in South Vietnam during the fiercest days of the struggle. Recently, as part of a visit by Chairman of the National Assembly Vuong Dinh Hue to Cuba in late April, the provincial People's Committee signed a memorandum of understanding on … [Read more...] about Cuban delegation visits Vietnam-Cuba friendship hospital in Dong Hoi

PM Pham Minh Chinh (R) and French President Emmanuel Macron in the Vietnamese leader's visit to France in 2021. (Photo: VNA) Paris (VNA) – Parliamentary diplomacy is an important link in the cooperation between France and Vietnam, said President of the France-Vietnam Friendship Parliamentary Group (FVFPG) Anne Le Hénanff. France , saying that since upgrading their relationship to a strategic partnership in 2013, the two countries have enjoyed flourishing relations. According to the parliamentarian, diplomatic relations have been marked by the exchange of many high-level delegations, contributing to renewing the strategic partnership . The most recent significant event was Prime Minister Pham Minh Chinh’s visit to France in November 2021. On this occasion, both sides issued a joint statement on further deepening the strategic partnership. The two governments have repeatedly demonstrated a strong political will to promote bilateral cooperation. Vietnam and France … [Read more...] about Parliamentary diplomacy – crucial link in France-Vietnam relations: parliamentarian

The event, held as part of the activities to celebrate the 50th anniversary of the Vietnam - Australia diplomatic relations, drew more than 100 representatives from Australian universities, education establishments, food enterprises, as well as those from local branches, sectors, restaurants, hotels, retailers, importers, universities and colleges. Rebecca Ball, Senior Trade and Investment Commissioner of Australia, said that the event is expected to serve as a booster for the Vietnam - Australia trade through new cooperation opportunities in education and agrifood. Similar roadshows were held in March in Hanoi, Hue and Da Nang, attracting more than 400 businesses, associations and education establishments, producing encouraging outcomes, so Austrade has high expectations that the September program will have noticeable impacts on bilateral trade, Ball said. Meanwhile, Vice Chairman of the provincial People’s Committee Le Huu Hoang expressed his hope that the roadshow will enhance … [Read more...] about Roadshow promotes Vietnam – Australia trade, education cooperation

Vietnam boasts a wide range of famous dishes such as pho (soup consisting of broth, rice noodles, herbs, and meat – usually beef or chicken), banh mi (baguette filled with cold meats, pâté, and vegetables), and che (sweet dessert), with pho the top favorite of foodies, said Aoyagi Yoichiro, a member of Japan's House of Representatives. Falling in love with pho ' at first sight' two decades ago, the Japanese congressman since then has seen the bond between him and Vietnam grow through cultural exchanges. “Through these events, we hope that Vietnam and Japan will learn more about each other’s culture and tighten their bilateral ties,” Aoyagi told Tuoi Tre (Youth) newspaper at the Japan Trend Festival held in Ho Chi Minh City last weekend that he served as head of the organizing board. Aoyagi first came to Vietnam in 2003 to attend the annual IPU Global Conference of Young Parliamentarians. His first impression of this Southeast Asian country was that it looked … [Read more...] about Many Japanese approve of pho: Japanese congressman

Prime Minister Pham Minh Chinh (R) and President of the Communist Party of Brazil Luciana Santos. (Photo: VNA) Brasilia (VNA) – Prime Minister Pham Minh Chinh hosted a reception for President of the Communist Party of Brazil Luciana Santos and its leadership in Brasilia on September 24 as part of his official visit to the South American country. Hailing the Communist Party of Brazil’s achievements and positive role in the country’s politics, PM Chinh affirmed that the Vietnamese Party, Government and people always bear in mind and respect the Brazilian people, the Communist Party of Brazil, left-wing forces, and peace lovers' sentiments and valuable support for and assistance to the Vietnamese people during their past struggle for national liberation as well as the curent cause of national construction and protection. Amidst complicated and unpredictable developments in the world, Vietnam advocates promoting global solidarity as well as heightening multilateralism, … [Read more...] about PM receives leaders of Communist Party of Brazil, friendship association

“In recent times, state-owned enterprises (SOEs) haven’t been contributing as much as they once did,” said Phan Van Mai, Chairman of the People’s Committee of Ho Chi Minh City, at last week’s national conference to address SOE production, business, and investment improvements. In Ho Chi Minh City alone, there are almost 50 SOEs. As of July, these enterprises boasted total assets of $4.43 billion with an equity capital of $3.16 billion. Their collective revenues for the first six months stood at $1.33 billion, with a profit of $205 million. Harnessing the vast resources of these SOEs is imperative for Ho Chi Minh City’s economic growth, Mai stressed, adding that the private sector, inclusive of both private domestic groups and foreign direct investment, have also been expected, and even tasked, to stimulate economic growth. Such a predicament is not solely Ho Chi Minh City’s cross to bear. The decline has echoes globally, influenced by international economic instability, political … [Read more...] about State-owned groups keen on roadmaps for reform