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He made the remark at a meeting with a business delegation of the U.S. - ASEAN Business Council (USABC) in Hanoi on March 21. Highlighting the two countries’ comprehensive and fruitful relations, Minister Dung said the U.S. is currently the second largest trading partner and one of the leading export markets of Vietnam. It is also an important ODA provider and the 11th biggest among the 142 countries and territories investing in the Southeast Asian nation. Vietnam highly values the fruitful investment and business activities of U.S. investors and hopes they will maintain their trust and expand investment, trade, and development cooperation in the country, he noted. The official was of the view that there is huge cooperation potential in the fields of green growth, digital economy, science - technology development, and innovation, adding that Vietnam encourages and prioritizes quality and focus-driven foreign direct investment. The country is also implementing policies to help … [Read more...] about Minister hopes U.S. becomes biggest investor in Vietnam

While in Argentina, the delegation had a meeting with Politburo member and Secretary in charge of External Relations of the Communist Party of Argentina (CPA) Jorge Kreyness. Hai thanked the CPA for its solidarity, support and sentiment for the Communist Party of Vietnam (CPV) and Vietnamese people in their past struggle for national liberation as well as the present cause of national reform and construction. The official affirmed the consistent stance of the Vietnamese Party, State and people on constantly consolidating and strengthening the friendship and solidarity between the CPV and the CPA and people of Argentina. Hai expressed his hope for enhanced solidarity and more efficient cooperation between the two parties for the common revolutionary cause. In reply, Kreyness lauded Vietnam’s achievements and experience, and noted his belief in the success of reforms and socialism building in Vietnam under the CPV’s leadership, calling Vietnam an example for Latin American … [Read more...] about Ho Chi Minh City seeks ways to expand cooperation with Argentina

Speaking at the event, Vice Chairman of the municipal People’s Committee Nguyen Thuc Hien suggested orientations for bilateral cooperation in hi-tech agriculture, processing industry, investment, tourism, health care, education - training and information technology. He wished for India’s support to hold the "India - Can Tho city" networking conference with an aim to connect Indian importers with local exporters of rice, seafood, farm produce and processed agricultural products, as well as popularize the city’s tourism. Can Tho plans to arrange a trip to India in May for a delegation of investment, trade and tourism promotion officers, he said, suggesting that the Indian side helps the delegation hold a working session with the Indian Institute of Technology to invite Indian investors to Can Tho's concentrated IT zone. The host also wished to visit and share experience in economic and tourism development with authorities of a suitable locality. Sethi, for his part, pledged to … [Read more...] about Can Tho, India cultivate multifaceted cooperation

Prime Minister Pham Minh Chinh asked the youth of Vietnam to play a pioneering role while chairing a hybrid dialogue with young people nationwide on March 22. PM Pham Minh Chinh presents flowers to congratulte the Ho Chi Minh Communist Youth Union on its 92nd anniversary at the dialogue on March 22. (Photo: VNA) The dialogue focused on three topics: education and training for the building of high-quality young human resources meeting requirements of the Fourth Industrial Revolution, improving physical health and the cultural and spiritual life of the youth, and creating an environment for the young to make self-improvement, start careers, and innovate. In his message to over 20 million young Vietnamese people both at home and abroad, PM Chinh affirmed that the Party and State always attach importance to the youth’s role in national development and safeguarding, and that throughout history, the youth have always played a crucial part as late President Ho … [Read more...] about Prime Minister calls on youth to play pioneering role

Vietnam's Ministry of Transport has issued a decision to temporarily shut Dien Bien Airport in the namesake northern upland province for eight months for an upgrade and expansion, starting from mid-April. The airport, located in Thanh Truong Ward in Dien Bien Phu City, will be closed from April 15 to December 17 this year. The current Dien Bien Airport was restored from Muong Thanh Airport, which was constructed by the French. The airport has a runway which is 1,830 meters in length and 30 meters in width, three aprons, and a passenger terminal that was built in 2004 and has an annual capacity of 300,000 passengers. Due to the short runway and simple landing systems, Dien Bien Airport only serves ATR 72 turboprops and Embraer 190 jets, which can transport a maximum 114 passengers. The Dien Bien Airport expansion project is aimed at making it capable of handling modern Airbus A320 and A321 aircraft and the equivalent airliners. VASCO, a subsidiary of national flag carrier … [Read more...] about Vietnam’s Dien Bien to close airport for 8-month expansion project

The Vietnamese Party and State always attach special importance to youth and the youth work, and place faith in the force and the Youth Union, Chairman Vuong Dinh Hue said at a meeting with the HCYU Central Committee’s Secretariat on the occasion of the 92nd anniversary of the HCYU. Speaking highly of the theme of “Digital Transformation” that the HCYU Central Committee has selected for the Youth Month 2023, he stressed that this is an important and urgent task that can make Vietnam integrate more deeply into the general development of the world. The N.A. Chairman highlighted the importance of continuing to innovate the content and mode of operation in the context of digital transformation; and carrying out tasks and solutions to promote the intelligence and strength of young people through three movements: "Volunteer Youth," "Creative Youth," and "Youth Pioneers to Defend the Fatherland." The HCYU should implement measures to accompany and take care of adolescents in all aspects … [Read more...] about Youth must pioneer national digital transformation: N.A. Chairman

The daily reference exchange rate is set at 23,617 VND/USD on March 22. (Photo: VNA) Hanoi (VNA) – The State Bank of Vietnam set the daily reference exchange rate at 23,617 VND/USD on March 22, unchanged from the previous day. With the current trading band of +/- 5%, the ceiling rate applied to commercial banks during the day is 24,797 VND/USD and the floor rate 22,436 VND/USD. The opening hour rates at commercial banks continued to increase. At 8:30am, Vietcombank listed the buying rate at 23,390 VND/USD, and the selling rate at 23,760 VND/USD, both up 10 VND from the end of March 21. BIDV kept both rates unchanged at 23,440 VND/USD (buying) and 23,740 VND/USD (selling)./. VNA … [Read more...] about Reference exchange rate kept unchanged on March 22