Drafting resolutions

Party General Secretary Nguyen Phu Trong (R) receives outgoing Lao Ambassador to Vietnam Sengphet Houngboungnuang. (Photo: VNA) Hanoi (VNA) - Party General Secretary Nguyen Phu Trong hosted a reception for outgoing Lao Ambassador to Vietnam Sengphet Houngboungnuang in Hanoi on September 20. The Vietnamese Party chief congratulated the ambassador on his excellent performance during the tenure in Vietnam, and appreciated the his contributions to implementing diplomatic activities of senior leaders, thus promoting the effective implementation of agreements between the two Parties and countries and deepening the Vietnam - Laos special solidarity . He suggested the Lao diplomat to continue to actively contribute to preserving valuable traditions and further stepping up the relationship between the Vietnamese and Lao Parties, States and people. Trong also congratulated Laos on its important achievements in recent times, affirming that Vietnam always supports Laos' reform … [Read more...] about Party chief receives outgoing Lao ambassador

Furthermore, the Vietnam Maritime Administration recently announced a draft to replace the Ministry of Transport’s Circular No.54 concerning the pricing of container handling and other associated services at Vietnamese seaports. The draft proposes a 10 per cent increase in the price of container handling services effective from January 1, 2024 in various ports including Haiphong, Ho Chi Minh City and the Cai Mep-Thi Vai seaport complex in the southern province of Ba Ria-Vung Tau. In addition, the draft proposes terminals able to receive ships capable of transporting more than 160,000DWT can impose a 10 per cent additional increase for loading and unloading services, meaning that those terminals could increase fees by as much as 20 per cent. As a result of these developments, shipping stocks have been actively traded on the stock exchange of late, with several firms witnessing steady increases in share prices in recent trading sessions. Hanoi-based securities firm … [Read more...] about Shipping firms eye rosier future

The Commission for Management of State Capital at Enterprises has sent a report to the Ministry of Planning and Investment on the production, business, investment, and development of state-owned enterprises under its management. According to the report, EVN reported a loss of more than VND28.7 trillion ($1.21 billion) in the first eight months of 2023. In 2022, EVN posted a loss of VND26.5 trillion ($1.1 billion), excluding exchange rate differences. This year, EVN proposed an increase in the price of electricity to compensate for losses. This proposal has been approved as the electricity price has remained consistent over the past four years. Accordingly, in May, the retail electricity price increased by 3 per cent to an average of VND1,920 (8 US cents) per kilowatt hour, excluding VAT. EVN has also sent a document to the Ministry of Industry and Trade to comment on the draft revision to replace Decision No.24/2017/QD-TTg. According to the draft, the mechanism to adjust … [Read more...] about Vietnam Electricity incurs further losses so far this year

Illustrative image (Source: VNA) Hanoi (VNA) – Just energy transition is significant in the development of workers' skills, the labour market and employment due to the high requirements of green and sustainable economic development, heard a conference held by the German Embassy in Hanoi on September 20. Dr. Guido Hildner , German Ambassador said that in his country, the number of employees working in occupations requiring green skills increased 56.7% to 5 million between 2012 and 2020. This shows that the energy transition is a complex and demanding process, but also provides great opportunities to the people and the economies. Noting that Vietnam has set a target of net-zero emission by 2050, the diplomat said that Germany has supported Vietnam in employment transition by training Vietnamese workers in the fields of electricity, electronics and roof-top solar power installation. Each year, tens of thousands of students are trained in 11 vocational training … [Read more...] about Just energy transition requires higher labourers’ skills: Experts

Combining planning with building firm defensive area Embracing and implementing the Politburo’s Conclusion No.64-KL/TW issued on October 30, 2019 on promoting the implementation of Resolution No.28-NQ/TW dated September 22, 2008 on building provinces and cities into firm defensive areas in the current context, Kim Bang district’s authorities always attach much importance to building the defensive area in line with building the all-people national defense and people's security. Especially, local programs and projects on developing the economy, culture, and society have been combined with planning on building military posture in defensive areas, with a spirit of "economic development in line with strengthening national defense and security." Therefore, the district’s authorities have closely worked with relevant forces to mobilize all economic resources to ensure defense and security, exploit local potential to attract investment and ensure social welfare, and combine … [Read more...] about Socio-economic development in line with building firm defensive areas

In January 2000, we established our first branch in San Jose, California, the heart of Silicon Valley. The director of that branch was a patriotic diasporic Vietnamese. But the American Dream did not come true for us. After merely one year of operations, FPT USA had to temporarily stop operating due to a lack of customers. We tried everything, with different people attempting to take the reigns of business development. From a Vietnamese expat to a graduate from prestigious MBA programs. What we received were critics, portraying our managers as "delusional about our corporate capability" and our programmers "weak in both expertise and language skills." It was a total failure. No one cared about a nameless company from Vietnam, a country only known then for the prolonged war. One of our then-potential customers was surprised to learn that it only took one hour to fly from Hanoi to Bangkok. He could not imagine the locations were so close, despite his own flying to Bangkok quite … [Read more...] about Working with American business partners requires understanding their way of thinking

Illustrative image (Photo: tuoitre.vn) HCM City (VNA) - The Ho Chi Minh City People’s Council has officially approved the establishment of a Department of Food Safety in the city, the first such provincial-level agency in the country. The department will operate under the management of the municipal People’s Committee and follow professional directions and instructions from the Ministry of Health, the Ministry of Agriculture and Rural Development, and the Ministry of Industry and Trade. The establishment of the department is an upgrade of the six-year pilot operation of the municipal Food Safety Management Board. The move is also in line with the National Assembly’s Resolution 98/2023/QH 15 on special mechanisms and policies for the city’s development. With a population of over 10 million people, the demand for food in HCM City is huge, making it a hub for the circulation of a large volume of locally-produced and imported food products, hence the need for the … [Read more...] about HCM City establishes country’s first food safety department

The visits, lasting from September 21-26, are made at the invitations of Speaker of the Bangladeshi Parliament Shirin Sharmin Chaudhury and President of the N.A. of Bulgaria Rosen Zhelyazkov. The N.A. Chairman is accompanied by General Secretary of the N.A. and Chairman of the N.A. Office Bui Van Cuong; Chairman of the N.A. Committee for Foreign Affairs Vu Hai Ha; and Chairman of the N.A. Committee for Science, Technology and Environment Le Quang Huy, among others. The visits aim to implement the foreign policy of independence, self-reliance, diversification and multilateralization of foreign relations of the 13th Party Congress and the Politburo’s Resolution No.34-NQ/TW dated January 9, 2023. The trips are also expected to promote cooperative relations between the N.A. of Vietnam and the legislative bodies of the two countries, continue to promote friendship between Vietnam and Bangladesh, and affirm Vietnam's attachment to its traditional friendship with Bulgaria. For … [Read more...] about N.A. Chairman sets off for official visits to Bangladesh, Bulgaria

PM Pham Minh Chinh speaks at the Climate Ambition Summit in New York on September 20. (Photo: VNA) New York (VNA) – Prime Minister Pham Minh Chinh joined other world leaders in the Climate Ambition Summit and the UN High-Level Meeting on Pandemic Prevention, Preparedness and Response in New York on September 20 (local time), part of the high-level week of the 78th UN General Assembly . Addressing the Climate Ambition Summit, PM Chinh stressed that climate change remains the biggest global challenge directly impacting and taking a heavy toll on economic development, social security, and people’s life safety and health. A global and universal approach with breakthrough, general, comprehensive, and innovative solutions is required for coping with climate change, he opined, calling for faster, stronger, and more responsible actions to minimise the global temperature rise. He proposed a new vision, a new mindset, new determination, and drastic actions be made to secure … [Read more...] about PM attends UN climate ambition summit, pandemic preparedness meeting