China opens 45t financial market to foreign investors

Currently, there are more than 70 million registered motorcycles in the Southeast Asian country with the figure projected to grow even larger in the future. In the first four months of 2023 alone, the country produced more than 1 million new motorcycles. Five major manufacturers: Honda, Yamaha, Suzuki, Piaggio, and SYM hold over 90% of the market share in Vietnam, manufacturers also export fully assembled models to international markets. VAMM said the stage has been set for Vietnam to become an attractive destination for motorcycle manufacturers in the Asia-Pacific region. Due to supply chain difficulties and rising trade tension between the U.S. and China, manufacturers have been shifting their investments to smaller markets in Asia to minimize risks. For example, the Japanese government has allocated a 2.2 billion USD fund in support of Japanese businesses relocating from China while the U.S. government has been calling for U.S. businesses to either return to the U.S. or … [Read more...] about Vietnam emerges as a major motorcycle market and manufacturing hub

PM Pham Minh Chinh speaks at the meeting. (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh on June 3 asked ministries, agencies and localities to push the three engines of export, investment and consumption in order to spur the country's economic growth in the time ahead. Speaking at an online regular meeting between the Government and localities, the leader stressed the need to remove obstacles to production and business, and help enterprises in administrative procedures , interest rates and market expansion. He also urged localities to accelerate the disbursement of public investment capital and the implementation of the socio-economic recovery and development programme as well as national target programmes, and focus on site clearance and material preparations for key projects. Apart from promoting domestic consumption, it is necessary to expand export markets, the PM said, highlighting other tasks such as effectively optimising free trade … [Read more...] about Focusing on export, investment, consumption to boost growth: PM

During the final days of April, Thuy Duong, a Hanoi resident, went on two cliff camping trips. Such tourism is not popular in Vietnam, and private tours for this activity are non-existent. Duong first discovered the concept of cliff camping around five to seven years ago through foreign travel websites, but it is only now that she has had the opportunity to pursue it. Duong's group embarks on a trekking trip through the Lan Ty Valley in the northern Lang Son Province in late April, 2023. Photo courtesy of Thuy Duong Her first adventure took place in Lan Ty Valley in Lang Son Province that borders China. Along with her friends, Duong engaged in various activities such as trekking through endemic forests and exploring caves. The highlight was camping on a cliff near the peak of Mat Than Mountain. The camp spot was in the middle of the valley, surrounded by mountains and forests. "It was difficult to reach the camp spot. There was heavy rain and thunder on our … [Read more...] about Cliff camping in Vietnam: an adventure amid stunning landscapes

The Fruit and Produce Weeks help Hanoi's residents access and recognize branded products with clear origins. The Hanoi Industry and Trade has been working closely with other provinces and cities to bring many fruit and agricultural products with clear origins and good quality to serve the needs of residents. In recent years, through more than 100 delivery events and weekly fairs, Hanoi has actively supported other provinces and cities in promoting fruit, agricultural products , and specialties in the city. Many good products have been acquired from other provinces by consulting and obtaining support from large distribution companies in Hanoi, such as Aeon, Central Group, MM Mega Market, and others, to sell them in modern distribution channels, not only for the Hanoi market but also in foreign distribution systems such as Japan (AEON), Thailand (BigC). According to Tran Thi Phuong Lan, Deputy Director of the Hanoi Department of Industry and Trade, the department has … [Read more...] about Hanoi cooperates with provinces for safe fruits and farm produce supply

Hosted by the Vietnamese Embassy in Japan, the event is one of the major celebrations for the 50th founding anniversary of Vietnam-Japan diplomatic ties. In his remarks at the opening ceremony, Japanese Minister of Foreign Affairs Yoshimasa Hayashi affirmed the effective cooperation between the two countries in recent years, reflected in regular exchanges at all levels. Of these, the most notable one was Vietnamese Prime Minister Pham Minh Chinh's attendance at the expanded G7 summit in May this year. Vietnamese Deputy Minister of Foreign Affairs Le Thi Thu Hang said that as the largest-ever of its kind, the Vietnam Festival 2023 shows the wishes of governments, localities and people of the two countries to join hands towards the future, entering a new stage of development. Vietnamese Ambassador to Japan Pham Quang Hieu said that the annual festival in Tokyo offers an opportunity for the Vietnamese community in Japan and Japanese friends to exchange and enjoy Vietnamese music, … [Read more...] about Vietnam Festival 2023 kicks off in Japan

The tie-up offers MPGS customers access to Vesta’s Payment Guarantee™ and Payment Protect solutions. — Photo courtesy of the company With merchants estimated to suffer more than US$48 billion in e-commerce fraud globally in 2023 – 22 per cent of that in Asia – Mastercard on June 2 announced the expansion of its partnership with Vesta, the global leader in payment fraud protection. Building on the two firms’ existing fraud detection collaboration, Mastercard will be integrating Vesta’s iron-clad Payment Guarantee™ and Payment Protect risk scoring solution into its Mastercard Payment Gateway Services (MGPS) platform. Starting in the second half of 2023, MPGS customers in the Asia Pacific region will be given optional access to both fraud-fighting solutions which would offer total protection for their eCommerce transactions and take their cost of fraud to zero. “To provide MPGS customers with the toughest, most impenetrable fraud protection available, Mastercard is committed to … [Read more...] about Mastercard ramps up fraud protection for e-commerce merchants

The Hanoi Technology Exchange's development aims to connect with the national technology exchange and technology centers worldwide. The construction and operation of the Hanoi Technology Exchange must be completed this year, the Hanoi Department of Science and Technology has been urged. The request was made by Hanoi People's Committee Deputy Chairman Le Hong Son during a recent meeting with the department to review its performance in the first five months of the year and outline plans for the rest of 2023. Le Hong Son, Deputy Chairman of the Hanoi People's Committee, addresses the event. Photo: Phuong Nga In 2022, the City Council approved the plan to build and operate the Hanoi Technology Exchange, which is expected to be pivotal in developing the science and technology market. It will serve as a platform for consulting, brokering, facilitating technology transfer, and technology trade. According to the plan, the exchange will operate under two … [Read more...] about Launch of Hanoi technology exchange this year

The grape variety of NH01-152 grown in Ninh Thuan province (Photo: VNA) Ninh Thuan (VNA) – A contest of beautiful grapevine trellises will take place as part of the coming Ninh Thuan Grape - Wine Festival 2023 in the southern central province, promising interesting experiences for visitors. The Ninh Thuan Grape - Wine Festival 2023 is slated for June 13 - 18. Dang Kim Cuong, Director of the provincial Department of Agriculture and Rural Development, said the first ever grapevine trellis contest , one of the main activities of the festival, will bring about numerous exciting experiences for grape farmers, local residents, and visitors. The department has coordinated with localities and farmers to select 13 sites, cooperatives, and farms with beautiful trellises for the contest, he said, adding that they prioritise the gardens growing new varieties and applying high technology. A farmer tends to his grape garden in Phuoc Thuan commune of Ninh Phuoc district, Ninh … [Read more...] about Interesting experiences await visitors at Ninh Thuan grapevine trellis contest