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Vangelis Vitalis - New Zealand’s Deputy Secretary of Foreign Affairs and Trade What was achieved at the eighth meeting of the Vietnam-New Zealand Economic and Trade Committee? Vietnamese Deputy Minister of Industry and Trade Phan Thi Thang and I focused on practical things that will benefit our businesses, and also benefit New Zealanders and Vietnamese on both sides, because of the way in which we can support trade flows. We discussed some of the customs procedures on both sides that would make it easier for our companies to export to one another. We also discussed the need to have electronic certification and to set up a process by which we could audit each other’s horticulture sectors, which our two leaders say are essential. For example, when they agreed on the export of Vietnamese limes and pomelo to New Zealand, we were able to send squash and strawberries to Vietnam. Besides that, we agreed to increase work together to find ways to facilitate more of this kind of … [Read more...] about New Zealand and Vietnam offering trade solutions

Earlier, the Prime Minister had signed Decision No.485/QD-TTg regarding the retirement of Lieutenant General Vu Van Kha, the former Acting Commander of the ADAF Service. In Decision No.529/QD-TTg, the Prime Minister appointed Lieutenant General Nguyen Van Hien, Deputy Commander and Chief of Staff of the ADAF Service, as the new Commander of the ADAF Service. Speaking at the conference, General Phan Van Giang affirmed that over his more than 40 years of service in the military, in various positions ranging from fighter pilot to Deputy Secretary of the Party Committee and Commander of the ADAF Service, Lieutenant General Vu Van Kha has made significant contribution to the national construction and defense cause. Alongside the Party Committee and the Command of the ADAF Service, he actively overcame difficulties, showed flexibility and creativity in leadership, direction, and the construction of the revolutionary, regular, elite, and modern ADAF Service to meet the task requirements of … [Read more...] about Duty handover ceremony held for former and new ADAF Commander

Keep up to date with the latest developments in Vietnam. Hanoi has a new chip development centre Delegates attend the opening ceremony of new chip development center. Photo: Infineon Technologies German semiconductor solutions provider Infineon Technologies announced on May 31 the establishment of a new chip development center in Vietnam's capital city of Hanoi. The center will focus on testing and customizing digital and analog signal circuits to support applications such as autonomous driving, battery monitoring, and balancing. The new office is expected to employ around 25 technical experts by the end of this year and will report to Infineon Technologies Vietnam, a subsidiary of Infineon Technologies Asia-Pacific. The center is expected to play a key role in Infineon's growth plans for its design and support services business. First ICHAM CUP Golf Tournament runs until August 7 The first ICHAM CUP golf tournament, organized by the … [Read more...] about Vietnam News Highlights for June 1, 2023

According to recent statistics, foreign direct investment (FDI) disbursement in Vietnam in 2022 reached a record of $22.4 billion, an increase of 13.5 per cent on-year. Peter Ryder - CEO at Indochina Capital Vietnam’s attractive geographical location, ample supply of young and skilled labourers, and a consistent track record of high-performing economic growth have contributed to the country’s success in attracting FDI. Additionally, the Vietnamese government has implemented attractive incentives, making the country a desirable destination for foreign investors. One notable example of FDI in Vietnam’s high-tech sector is Samsung, which has invested heavily in the country. In December 2022, Samsung opened Southeast Asia’s largest research and development centre in Hanoi, with an estimated cost of $220 million. The company also announced plans to increase funding in Vietnam from $18 billion to $20 billion. Moreover, the Samsung Electro-mechanics Vietnam project … [Read more...] about Insights garnered in high-tech FDI

The Department of Industry and Trade of Ho Chi Minh City has said it will join hands with cross-border e-commerce platforms to support local exporters in shipping products to the world on a larger scale and in a more professional way. This is among the solutions that the city will adopt this year to help Vietnamese enterprises overcome difficulties and foster industrial production, trade, and green export. Enhancing business via online and digital channels will help exporting enterprises reduce costs and access customers faster, said Nguyen Nguyen Phuong, deputy director of the municipal Department of Industry and Trade. The department has worked with many e-commerce platforms and service providers to come up with support solutions, Phuong noted. Enterprises also need to take the initiative in cooperating with partners to better meet the requirements in importing markets. Huynh Kim Tuoc, co-chairman of the Digital Economy and Technology Committee under the American … [Read more...] about Ho Chi Minh City to boost online exports

Fertiliser products of Petro Viet Nam Ca Mau Fertilizer JSC (DCM) being processed. DPM is among the Top 50 prestigious and effective public companies of 2023 (VIX50). — Photo DPM The Top 50 prestigious and effective public companies of 2023 (VIX50), recently announced by the Vietnam Report JSC, has witnessed a significant change compared to 2022 with cautious forecasts. This list in 2023 has seen an amazing change with the spectacular performance of the banking industry. The Vinhomes Joint Stock Company, topping the list in 2022, has been plunged to the bottom of the ranking to make room for the Joint Stock Commercial Bank for Foreign Trade of Viet Nam (Vietcombank). A series of popular enterprises such as Hoa Phat, Masan, The Gioi Di Dong had to leave the Top 10 list to make room for PetroVietnam Fertiliser and Chemicals Corporation (DPM); FPT Joint Stock Company and a series of banks such as Vietnam Technological and Commercial Joint Stock Bank (Techcombank); Military … [Read more...] about Top 50 public companies of 2023 sees major changes

The clearance of 200-300 coal wagons per day via the La Lay border gate in the central province of Quang Tri is being deemed impractical, affecting Logistics PTS Vietnam’s future aim of importing five million metric tonnes of coal annually. “Transportation and warehouse infrastructure is scarce, and so we can only remove about 100 vehicles per day,” said PTS general director Nguyen Quang Huy. According to him, if Vietnam fails to strengthen infrastructure, improve National Highway 15D, and invest in warehouses, it will miss the chance to compete with Thailand in purchasing coal from Laos. In February, Laos’ energy ministry announced findings of coal field surveys in the provinces of Sekong and Saravane, indicating that reserves may be as high as 500 million MT. Coal still with part to play in energy mix, Source: evn.com.vn Vietnam may experience a power scarcity if the availability of coal becomes constrained. According to Electricity of Vietnam (EVN), the total … [Read more...] about Coal still with part to play in energy mix

Masan chose South Korea as the next key market to launch its premium Chin-su collection after Japan. The company has invested in research and development to create a set of products that appeal to the country's culinary traditions and standards, as part of Chin-su's goal to bring Vietnamese cuisine to the world. Chin-su also launched a selection of Pho seasoning at the event, along with its chilli, soy, and fish sauces, developed with input from chefs, young people, and families in South Korea. There are three varieties of Chin-su chilli sauce available. First, the Original flavour makes any Korean dish hot with the spicy warmth of Vietnamese chilli peppers. With the harmony of spicy, sweet and sour flavours, Chin-su chilli sauce can be easily incorporated into typical Korean dishes such as pancakes, fried chicken, Gyoza (dumplings), fish cakes, and fried potatoes. The second variety is Bibim chilli sauce, which is mixed with rice sauce and is inspired by the typical … [Read more...] about Chin-su leaves strong impression at Seoul Food 2023

Now that technology is booming, what are the challenges and growth opportunities facing the gaming industry in general and VNG in particular? VNG has been in the gaming industry for 19 years, and has witnessed many changes over that time. Giap Le Trong, head of the Game Publishing Platform at VNG Corporation In my opinion, the greatest challenge for the industry is how to understand the gaming culture of Vietnamese people as it has changed many times. Previously, it focused on products like PC games, but now it's all about mobile devices. The current development of mobile games makes user behaviour much more different compared to before. In the wake of this, VNG has been active in terms of technology transformation to meet our changing goals. In our vision, we aim to focus on bringing tech products to the world's playground, in which games form the spearhead. How will VNG overcome the obstacles and maintain its position as the leader in the local game … [Read more...] about VNG embraces technology to lead the gaming industry

Prime Minister Pham Minh Chinh shakes hands with local leaders. (Photo: VNA) Ha Giang (VNA) – Ha Giang province needs to better the drawing of mechanisms and policies, and reform administrative procedures in order to pave way for development and lure investments, especially in its priority areas and products, Prime Minister Pham Minh Chinh said on May 28. At a working session with the Standing Board of the provincial Party Committee as part of his visit to the northern mountainous locality, Chinh said Ha Giang boasts unique potential and competitive advantages to grow rapidly and sustainably. “Ha Giang should always desire for rapid, green, sustainable development,” he said, asking the locality to optimise its strengths and opportunities to growth further. The PM urged Ha Giang to accelerate public investment disbursement, drastically implement the national target programmes and the socio-economic recovery and development programme, and push ahead with the … [Read more...] about PM asks Ha Giang to pave way for development with mechanisms, policies