Counseling centre for foreign workers

The second annual report on foreign investment in Vietnam for 2022 released earlier in March by the Vietnam’s Association of Foreign Invested Enterprises noted that the United States has decreased corporate income tax from 25 to 21 per cent, while also reforming investment licensing procedures. In addition, the US government is applying higher taxes on imported products to increase the competitiveness of several industrial sectors, such as energy, automobiles, steel, and aluminium. Vietnam may need to come up with new tactics to retain foreign investors, photo Le Toan Besides that, the US is also promoting a “prosperous economic network” that connects allied countries to build supply chains of products such as semiconductors and 5G-related technology. In Europe, some countries such as Germany and Italy have also unveiled policies to limit investment in overseas markets, while France is encouraging its enterprises to expand their operation in high-value sectors, such as … [Read more...] about Gains feasible through large-scale FDI

Instead of having to go to many places to seek support, women and children who are victims of violence just need to go to a one-stop model for women and children located at Hung Vuong Hospital in Ho Chi Minh City for medical care, and psychological and legal counselling. Launching ceremony of one-stop model for women and children (Photo: VNA) The model, the first of its kind, made its debut on March 24, and will be piloted from now to 2026. It will perform its functions of receiving, screening, treating, consulting, and providing on-site services to patients who are women and children subject to violence and sexual abuse. If an emergency shelter is needed, social workers of Hung Vuong Hospital will refer victims to the City Centre for Social Work - Education and Vocational Training for Youth, located at 14 Nguyen Van Bao street, Ward 4, Go Vap district, for care and nurture, therapeutic intervention and access to other essential services on demand. Le … [Read more...] about HCM City launches first one-stop model for women, children

Netflix is making necessary procedures in order to establish its legal entity in Vietnam, said Josephine Choy, vice president and general counsel Asia Pacific at Netflix, during a recent meeting in Hanoi with Deputy Minister of Culture, Sports and Tourism Nguyen Thanh Lam. Josephine Choy, vice president and general counsel Asia Pacific at Netflix, meets with Deputy Minister of Culture, Sports and Tourism Nguyen Thanh Lam in Hanoi. She expressed the streaming giant’s hope that competent agencies in the country would create favourable conditions in order for Netflix to complete all procedures and find a legal entity locally in the near future. Lam for his part noted that with its potential in technology and content creation, Netflix would help fuel the development of the film industry and creative economy in Vietnam. He also requested that Netflix urgently set up a group to work closely alongside the Ministry of Information and Communications in order to regularly … [Read more...] about Netflix to establish legal entity in Vietnam

Vietnamese Prime Minister Pham Minh Chinh met the U.S.-ASEAN Business Council (USABC) delegation at the Government Headquarters on March 22. The attendees were leaders of the Government Office and the ministries of Planning and Investment, Industry and Trade, Foreign Affairs, Finance, Transport, Information and Communication, Health, Agriculture and Rural Development, Culture - Sports and Tourism. Also in attendance were the State Bank of Vietnam, the U.S.-ASEAN Business Council President and CEO Ted Osius, the U.S. Ambassador in Vietnam Marc E. Knapper. The leaders of more than 50 leading enterprises in the U.S. and the world were there too, including AES, Netflix, Boeing, Apple, Coca-Cola, Pfizer, Abbott, Visa, Citibank, Meta, Ford, and FedEx Express. The Prime Minister welcomed the USABC and the U.S. business delegation to Vietnam, and the delegation members joined a frank, sincere and effective working session with Vietnamese agencies. This is a continuation of previous … [Read more...] about Vietnamese Prime Minister receives delegation of the US-ASEAN Business Council

A Coca Cola factory in Viet Nam. The beverage giant was among companies joining the mission. — Photo nld.com.vn Senior executives from 52 US companies in the 'biggest-ever' US business mission to Viet Nam are discussing investment and sales opportunities in the country. Chairman of the US-ASEAN Business Council (USABC) Ted Osius said the council was never as busy as it is now. Its services are in high demand because many US companies show great interest in the country. He also said USABC representatives from other countries told him that they must act quickly because they were competing with Viet Nam. That was a way of saying Viet Nam has become a destination for growth and opportunities. Rafael Frankel, Director of Public Policy at Meta, said the trip was the second time he had been to Viet Nam since the outbreak of the COVID-19 pandemic. He appreciates the diligence of the Vietnamese workforce and sees a bright prospect for growth in the country. As such, he revealed the … [Read more...] about US companies upbeat on investment opportunities in Viet Nam

Hanoi, (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency. – Deputy Prime Minister Tran Hong Ha had bilateral meetings with many foreign leaders on the sidelines of the UN 2023 Water Conference, which is taking place in New York from March 22-24. In a meeting with King of the Netherlands Willem-Alexander Claus George Ferdinand, Ha hailed the King's initiatives and efforts in organising and co-hosting the conference, following the first of its kind in 1977. Read full text – The Ministry of Natural Resources and Environment (MoNRE), in collaboration with the People’s Committee of Hoa Binh province, held a national-level ceremony in a hybrid format on March 23 in response to the World Water Day (March 22), the World Meteorological Day (March 23), and the Earth Hour 2023. Speaking at the event, MoNRE Deputy Minister Vo Tuan Nhan said that climate change is considered a serious challenge for humanity in the 21st century with negative … [Read more...] about ☕ Afternoon briefing on March 23

Soc Trang Province's OCOP products showcased at the workshop. — VNA/VNS Photo The One Commune One Product (OCOP) scheme has encountered a challenge in promoting local products, as producers face difficulties getting their products into local supermarkets, let alone big retail systems in major cities. According to the Department of Industry and Trade of the northern province of Vinh Phuc, statistics reveal that the province currently boasts 105 OCOP products. Among them, 26 products meet the four-star OCOP standards, 79 products meet three-star OCOP standards and many other high-quality traditional products. Many of these products are exported. However, a representative of the provincial Department of Industry and Trade told Dai Doan Ket (Great Unity) newspaper that although OCOP products were of high quality and high economic value, which met the requirements of standards and regulations on goods as prescribed, they still had no place in retail supermarkets and stores. … [Read more...] about OCOP products struggling to reach domestic supermarket shelves

Vietnam is said to have been avoiding the usual recessionary trends across the Asian markets and is showing better-than-average growth. (Photo: VNA) New Delhi (VNA) – An Indian expert has highly valued Vietnam’s post-pandemic recovery in an article recently published on Moderndiplomacy.eu. In the writing, titled “Vietnam’s macroeconomic policy and post COVID recovery”, Prof. Pankaj Jha, Director of the Centre for Security studies at India’s Jindal School of International Affairs, cited the latest IMF reports as saying that Vietnam's real gross domestic product ( GDP ) in 2023 is estimated at 6.2%, and this clearly indicates Vietnam has been avoiding the usual recessionary trends across the Asian markets and is showing better-than-average growth. He noted with an inflation rate of less than 4%, it clearly shows that Vietnam is likely to emerge as a promising economy in Asia. If one looks into the core fundamentals of Vietnam following the COVID-19 pandemic, it … [Read more...] about Vietnam showing better-than-average growth: Indian expert

Workers in Dai Dung Mechanical Electrical JSC's factory in HCM City. The Government would improve policies and raise solutions to support enterprises. — VNA/VNS Photo Deputy Prime Minister Le Minh Khai has called on small- and medium-sized enterprises (SMEs) to modernise their production and business models and expedite restructuring efforts following the emerging trends of the green economy, digital economy, and circular economy. Khai emphasised during his address at the Viet Nam Small and Medium Enterprises (VINASME) event on Thursday that the primary objective should be to drive innovation and boost brand competitiveness. The conference was attended by almost 400 representatives from the association's over 64,000 members nationwide. Highlighting the important role of enterprises in promoting economic prosperity and development, Khai said that the business community in Viet Nam developed strongly in recent years, with nearly 900,000 firms, over 25,000 cooperatives and five … [Read more...] about Deputy PM urges SMEs to make innovations