Business

Prime Minister Pham Minh Chinh (R) and Treasury Secretary Janet Yellen . (Photo: VNA) New York (VNA) – Prime Minister Pham Minh Chinh met with Treasury Secretary Janet Yellen in New York on September 20 (local time) to discuss cooperation between Vietnam and the US in economy and finance, and to share views on other issues of shared concern. The meeting took place as part of the Vietnamese leader’s trip to the US for the high-level week of the 78th session of the United Nations General Assembly, and bilateral activities in the country. Chinh affirmed that Vietnam considers the US a leading important partner, and stands ready to work together with the country to promote the bilateral relationship intensively, extensively, stably, and practically. Vietnam also regards cooperation in economy, finance, trade and investment as a priority of the bilateral comprehensive strategic partnership, and highly valued substantive contributions by Yellen and the US Department of the … [Read more...] about PM meets US Treasury Secretary, leaders of economic groups

As part of the national program on trade promotion, the event was jointly organized by the Vietnamese Consulate General in Khon Kaen, the Investment, Trade and Tourism Promotion Center of the Central province of Quang Tri, and the authorities of Khon Kaen and Ubon Ratchathani provinces. Vietnamese Consul General Chu Duc Dung stressed that there remains great potential for Vietnamese goods to penetrate the Thai market because this country is home to a large community of overseas Vietnamese, with many of whom own supermarkets, distribution and supply stores. He affirmed that the Consulate General is always ready to accompany Vietnamese and Thai businesses in promoting trade cooperation in the spirit of harmonizing benefits, contributing to promoting stable development in both nations. Tran Phi Tuong, Deputy Director of the Investment, Trade and Tourism Promotion Center of Quang Tri province, Head of the Vietnamese delegation, said that businesses joining the delegation want to … [Read more...] about Vietnamese firms seek to boost trade ties with businesses in Thailand’s Northeastern region

Illustrative photo (Photo: VNA) Hanoi (VNA) – Vietnam’s tra fish exports to the US is expecting a better outlook in the remaining months of this year after getting some good news. In early September, the US Department of Commerce (DOC) lowered anti-dumping duties on frozen tra fish filets from Vietnam following its latest preliminary conclusion. The Federal Register, the daily journal of the US government, published the preliminary results of the 19th anti-dumping duty administrative review (POR19) by DOC on Vietnam’s frozen tra fish filets exported to the US in the August 1, 2021 - July 31, 2022 period. Accordingly, the US authority determined that two Vietnamese companies, Vinh Hoan Corporation and Can Tho Import Export Seafood Joint Stock Company (Caseamex), which were selected for individual examination as mandatory respondents, will enjoy a tax rate of 0 USD per kilo and 0.14 USD per kilo, respectively. A rate of 0.14 USD per kilo will be applied to other … [Read more...] about Good news for Vietnam’s tra fish exports to US

Business mogul Nguyen Phuong Hang at her trial on September 21, 2023. Photo by VnExpress/Thanh Tung Hang, the general director of the Dai Nam Joint Stock Company, stands trial at the Ho Chi Minh City’s People’s Court on Thursday, after she was arrested by Ho Chi Minh City police in March last year for "abusing democratic freedoms to infringe upon the interests of the State, and the lawful rights and interests of organizations and/or citizens." She was accused of using different social media accounts to livestream and make allegedly false claims about various celebrities, as well as spread information related to celebrities' private lives. In her videos, she said singer Dam Vinh Hung had not been transparent in distributing money he collected from others, and singer Vy Oanh had earned a huge amount of money after having a child with a rich man. "My reputation, which I have built over the past 20 years, was damaged," Hung said at the trial of Hang at the HCMC People’s Court, … [Read more...] about Singers want apology not money from tycoon in alleged defamation case

The 15th Vietnam International Woodworking Industry Fair attracts 320 exhibitors from 28 countries and territories. (Photo: VNA) HCM City (VNA) - The 15th Vietnam International Woodworking Industry Fair opened at the Saigon Exhibition and Convention Centre in Ho Chi Minh City on September 20. It has attracted 320 exhibitors from 28 countries and territories who are showcasing their latest woodworking product lines and engaging in various curated events and activities. Exhibitors showcase comprehensive automatic production lines and wood system integration with the focus on digital transformation. It has eight foreign pavilions from Austria, Canada, France, Germany, Italy, Russia, the US and Taiwan. Speaking at the opening ceremony, Vice Chairman of the HCM City Handicrafts and Wood Industry Association Phung Quoc Man said Vietnam is the world’s fifth largest exporter of wooden products and has substantial demand for woodworking machinery and components. Imports of … [Read more...] about VietnamWood Fair kicks off in HCM City

Vietjet aircraft (Photo courtesy of Vietjet) HCM City (VNA) - During this year’s Mid-Autumn Festival , Vietjet flights are full of joy with reunion and endless love for passengers. Many 0 VND tickets, excluding taxes and fees, will be available from September 22-29, 2023 on the website www.vietjetair.com and Vietjet Air mobile app will bring you to explore Mid-Autumn Festival across Asia, and receive surprised gifts from Vietjet at the height of 10,000 meters. Accordingly, Vietjet offers promotion tickets from only 0 VND (excluding taxes and fees) throughout the golden week from September 22-29 on the website www.vietjetair.com and Vietjet Air mobile app, applying to all domestic and international flights with flexible flight schedule from October 9, 2023 to October 31, 2024. To receive the Mid-Autumn Festival 2023 promotion, let’s book the tickets to enjoy the stunning scenery throughout Vietnam , Australia, India, the Republic of Korea, Japan, Hong Kong (China), … [Read more...] about Vietjet offers 0 VND tickets during Mid-Autumn Festival

Some top international and U.S. firms such as SpaceX, the Coca-Cola Company, and Pacifico Energy are planning to expand their operations in Vietnam, heard the receptions hosted by Vietnamese Prime Minister Pham Minh Chinh for these firms’ leaders in New York City on Wednesday (local time). During these receptions, part of the top Vietnamese official’s ongoing trip to the United States, PM Chinh underlined that Vietnam prioritizes science, technology, innovation, green, digital and circular economic, and research projects. He affirmed that the Vietnamese government always creates favorable conditions for international firms to do business in Vietnam effectively. Speaking at the meeting with the prime minister, Tim Hughes, senior vice president for global business and government affairs at SpaceX, a U.S. aerospace company, run by South African-American billionaire Elon Musk, said that the group highly values Vietnam’s potential for development. Hughes revealed that SpaceX aims … [Read more...] about Major US companies, including SpaceX, aim to expand investment in Vietnam

Authorities in Khanh Hoa and Lam Dong Provinces, located in Vietnam’s south-central and Central Highlands regions, respectively, have sought to develop a 103km-long expressway linking the two localities in the 2025-28 period, said a local official. The administration of Khanh Hoa recently told relevant agencies to work with a consulting unit on a proposal to develop the Nha Trang - Lien Khuong Expressway project, Nguyen Tan Tuan, chairman of the Khanh Hoa People’s Committee, said on Thursday. According to the proposal, the route would start from an intersection with the Nha Trang - Cam Lam Expressway in Khanh Hoa to the end of the Lien Khuong - Prenn Expressway in Lam Dong, with some 48km of the route in Khanh Hoa and the rest in Lam Dong. The projected end of the Nha Trang - Lien Khuong Expressway project, which will link Khanh Hoa Province in south-central Vietnam with Lam Dong Province in the country’s Central Highlands region. Photo: Tran Huong / Tuoi Tre … [Read more...] about Vietnam’s Nha Trang – Lien Khuong expy proposed to be built in next 3 years

The HCMC People's Court's conviction statement said that Hang, the general director of the Dai Nam Joint Stock Company, had been the main planner of dozens of livestream sessions in which her speeches slandered others, thereby "abusing democratic freedoms to infringe upon the interests of the State, and the lawful rights and interests of organizations and/or citizens." Business mogul Nguyen Phuong Hang at her trial on September 21, 2023. Photo by VnExpress/Thanh Tung Her accomplice Dang Anh Quan was given a sentence of 2 years and 6 months in prison, while accomplices Nguyen Thi Mai Nhi, Huynh Cong Tan, and Le Thi Thu Ha were all sentenced to 1 year and 6 months in prison. Along with jail terms, the defendants were ordered to pay VND18 million ($742) to each relevant party, Dang Thi Han Ni and Dinh Thi Lan, as compensation. Prior to Hang's conviction, singer Dam Vinh Hung, singer Vy Oanh, singer Thuy Tien and her former footballer husband Le Cong Vinh had dismissed … [Read more...] about Tycoon gets three years for ‘abusing democratic freedoms’

The MoU signing ceremony between the Institute of Construction Economics under the Ministry of Construction and the Autodesk. (Photo: VietnamPlus) Hanoi (VNA) – The Institute of Construction Economics (ICE) under the Ministry of Construction (MoC) and Autodesk, a business that designs technologies for architects and building contractors, have signed a memorandum of understanding (MoU) on cooperation to promote the digital transformation and the application of building information modeling (BIM) in the construction sector in Vietnam. Under the document, the ICE and the Autodesk agreed to expand cooperation from what has been carried out under the first MoU signed in 2017, with a view to accelerating the BIM application according to the roadmap approved by the Prime Minister in March 2023. Autodesk will serve as an advisor and assist the MoC with BIM promotion and application, as well as digital transformation in the local construction sector over three years. It will … [Read more...] about Vietnam promotes BIM application, digital transformation in construction sector