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Chairperson of the Indonesian Chamber of Commerce and Industry, Arsjad Rasjid (second from right), at the press conference. (Source: ANTARA/Ade Irma Junida/uyu) Jakarta (VNA) - The Indonesian Chamber of Commerce and Industry (Kadin), which is chairing the 2023 ASEAN Business Advisory Council ( ASEAN-BAC ), is about to introduce seven legacy breakthroughs on five priority issues during the country’s ASEAN chairmanship this year. Antara news agency of Indonesia reported that the Kadin chairperson, Arsjad Rasjid, unveiled the information at a January 30 press conference on the “ASEAN-BAC Chairmanship Handover Ceremony 2023” (from Cambodia to Indonesia). Three of the seven legacies involve digitisation programmes that focus on fintech and e-trade, namely the ASEAN QR (Quick Response) Code, the ASEAN P2P (peer-to-peer) Lending Platform, and WIKI Entrepreneurship. Rasjid said that Kadin is collaborating with all central banks in ASEAN countries for the QR code … [Read more...] about Indonesia to introduce ASEAN breakthroughs on fin-tech, e-commerce

Indonesia’s Foreign Minister Retno Marsudi. (Photo: VNA) Jakarta (VNA) – Indonesia’s Foreign Minister Retno Marsudi has said that the country, as the ASEAN chair this year, aims to push for more concrete and inclusive cooperation among countries in the region. Speaking in a hearing of Indonesia ’s parliament on January 30, the minister emphasised they want to show the world that ASEAN is relevant and important for all regions and countries across the globe. She added that they should be confident because the economy in Southeast Asia will still be more stable and grow faster than the global economy. According to Marsudi, during its ASEAN chair manship, Indonesia will organise a flagship discussion about the creative economy, digital economy for sustainable development goals, infrastructure development, as well as inclusive business and investment. Indonesia wants ASEAN to uphold the principle of development inclusiveness so that no country will feel excluded or … [Read more...] about Indonesia aims to push regional inclusive cooperation as ASEAN chair

Ly Hoang Nam and his team will play against Indonesia for Davis Cup World Group II berth. (Photo: VNA) Hanoi (VNA) – According to the Vietnam Tennis Federation (VTF), Vietnam will play Indonesia in the 2023 Davis Cup World Group II Play-offs on February 4-5 at the Hanaka Paris Ocean Park in the northern province of Bac Ninh. No. 68 Vietnam features national top player Ly Hoang Nam, Le Quoc Khanh, Pham Minh Tuan, Nguyen Van Phuong and Nguyen Dac Tien. Among them, Nam shoulders a heavy task as he is the highest-placed, at No. 247 in single rankings and No. 944 in doubles. Players will compete in five matches. Two singles will be held in the first day while one single and two doubles are on the next day. The winners of the three matches will advance to the main round of Group II in September while the losers will be dropped to the Group III Asia-Oceania competition. Meanwhile, world No. 62 Indonesia will feature its player Christopher Rungkat. The 33-year-old was ranked … [Read more...] about Tennis: Vietnam against Indonesia for Davis Cup World Group II berth

At the forum, Vietnam will introduce tourism development, mechanisms and policies, tourism products and services after the COVID-19 pandemic, and the message of Vietnam tourism through the slogan "Vietnam - Timeless Charm" and the campaign "Live fully in Vietnam." TRAVEX is one of the most important activities within ATF 2023, attracting the attention of international partners, businesses and tourists. It will feature exhibitions and symposiums. Vietnam’s booth at the exhibition will highlight the National Tourism Year 2023 in the South-central province of Binh Thuan. The events are expected to offer a good chance for the tourism sector to introduce Vietnam’s attractive destinations, and help travel agencies to seek partners, towards speeding up tourism recovery. ASEAN is one of the most dynamic tourism development regions in Asia and the Pacific. Most of ASEAN member countries consider tourism an important economic sector. According to data from the ASEAN Secretariat, in … [Read more...] about Vietnam to attend ASEAN Tourism Forum 2023 in Indonesia

Tung was also elected to become a member of Vietcombank's board of directors for the 2018-2023 term at the bank's extraordinary shareholders' meeting held the same day. Tung, 49, holds bachelor's degrees in economics of international trade and English education, as well as a master's degree in economics of Paris Dauphine University. His career at Vietcombank has lasted 26 years, starting in 1997. He became the bank's office head in 2008, and deputy director of its operation center in 2013. He became the deputy general director of the sales division in April 2019, before becoming deputy general director of the board of management in August 2021. … [Read more...] about Vietcombank names new general director

In 2022, Ho Chi Minh City's industrial food production recorded a significant increase of 30.5 per cent on-year. However, the industry is facing many fresh challenges this year due to fluctuations in the global economy affecting export markets and a slowdown in economic growth. Phan Van Co, marketing director of Vrice Group, said, "Since the beginning of the year, the cost of materials for rice production has increased considerably, by 3-5 per cent. While the price of rice has increased in many countries around the world, it has not increased as it has in the Vietnamese market, making it difficult for Vietnamese rice exporters to compete." In 2023, industry and trade in Ho Chi Minh City will strive for an increase in the index of industrial production of 7.5 per cent; growth in the total retail sales of social consumer goods of 12 per cent; and a 10 per cent jump in exports, excluding crude oil, through the city's port. The targets were set while taking such difficulties as the … [Read more...] about Ho Chi Minh City food enterprises hope expansion is key

Hanoi (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency. - Vietnam pledges to actively participate in and contribute to the building of the Global Digital Compact (GDC) to promote the implementation of the United Nations’ 2030 Agenda, a Vietnamese representative told the first Informal Consultations on GDC in New York on January 30. The building of the compact is necessary to promote a safer, fairer and more developed digital world for all. Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN, said at the event. Read full story - Vietnam will participate in ASEAN Tourism Forum (ATF) 2023 themed “ASEAN: A Journey to Wonderful Destinations”, and the Travel Exchange (TRAVEX) trade fair in Yogyakarta, Indonesia from February 2 – 5, according to the Vietnam National Administration of Tourism (VNAT). At the forum, Vietnam will introduce tourism development, mechanisms and policies, tourism products and … [Read more...] about ☕ Afternoon briefing on January 31

Chiang Mai, Thailand (Photo: Thaiairways) Bangkok (VNA) - Thailand's tourism industry expects foreign arrivals to exceed 30 million in 2023, higher than government estimates of 25-27.5 million. Making the forecast on January 31, the Tourism Council of Thailand (TCT) predicted foreign and domestic tourists will generate over 3 trillion baht (91 billion USD) in revenue this year. However, TCT President Chamnan Srisawat warned the huge volume of visitors will pose challenges for the Thai tourism industry, which is still recovering after the COVID-19 pandemic. Most tourism businesses are still suffering liquidity and labour shortages, he explained, while some are missing out on new opportunities. The council is tackling the problems by cooperating with the Office of SMEs Promotion to help entrepreneurs tap new trends like wellness- and metaverse-based tourism, he said, adding that it is also liaising with the Government Savings Bank and National Credit Bureau for access to … [Read more...] about Thailand expects to serve 30 million foreign arrivals this year

Speaking at a gala dinner held in London on January 29 to review VBUK’s operation in 2022 and sketch out development orientations in 2023, Phuong said the association organized many activities, including online workshops with Vietnamese economic experts and entrepreneurs in the U.K. to share business knowledge and experience for the Vietnamese business community in the country. The VBUK has also supported business cooperation between its member enterprises and businesses at home, he added. Addressing the event, Ambassador Nguyen Hoang Long spoke highly of the role of the VBUK in connect Vietnamese firms in the U.K. and the homeland. At the World Economic Forum (WEF) in Davos earlier this month, Vietnam was seen as one of the three VIP markets (Vietnam, Indonesia, the Philippines) in the world, he said, adding that it is the second largest trade partner of the U.K., so there is a large room and opportunities for the Vietnamese business community in the European nation. The … [Read more...] about Vietnamese businesses in U.K. boost cooperation with companies at home

Vietnamese internet service providers have confirmed that four out of five submarine internet cables that connect the country to the world are experiencing issues, seriously affecting performance and reliability. Two lines, Asia-America Gateway (AAG) and Asia Pacific Gateway (APG), are completely offline at the moment, and the Asia Africa Europe 1 (AAE-1) line is seeing disruptions towards the Hong Kong hub, while the Intra Asia (IA) line cable is seeing problems near the Singapore hub. This is the first time such incidents have happened at the same time, and even more unfortunately, during the Lunar New Year holiday. Many internet users have complained of slow and unreliable internet connections in recent times, ISPs have said. Stressing that this was an unfortunate ‘force majeure’, a representative from Vietnam Posts and Telecommunications Group (VNPT) said the provider was actively deploying measures to ensure international internet connections to its consumers, including … [Read more...] about Internet slows as four out of five submarine cables suffer disruptions in unprecedented incident