Economic

The US was the largest export market to Vietnam in 2022 with Vietnamese exports to the former reaching US$100 billion. Vietnam is willing and ready to foster bilateral relations with the US, Ministry of Foreign Affairs’ deputy spokesperson Dang Thu Hang said at a press conference in Hanoi on March 23. Prime Minister meets US corporate executives on March 22 during a meeting with the US-ASEAN Business Council. Photo: VGP "The Vietnamese Government expects to foster our relations with President Joe Biden's administration," Hang replied to a reporter's question about Vietnam's readiness to upgrade the Comprehensive Partnership to a Strategic Partnership with the United States. "We hope the Vietnam-US relations will be strengthened in-depth, sustainability and efficiency for regional and international peace and cooperation," she said. Hang said that the Vietnam-US comprehensive partnership has grown stronger in the face of bilateral, regional, and … [Read more...] about Vietnam ready upgrade US ties on 10th anniversary of comprehensive partnership

High pedestal to reach for 2023’s growth ambitions Vietnam’s economic growth is projected to ease to 6.3 per cent in 2023 from a robust 8.02 per cent last year, as services growth moderates and higher prices and interest rates weigh on households and investors, according to the World Bank’s latest Taking Stock report released last week. Growth is expected to pick up to 6.5 per cent in 2024 as the economies of Vietnam’s main export markets gain strength, the report said. The outlook for Vietnam reflects heightened uncertainty in the global economy. Downside risks include weaker-than-expected growth in Vietnam’s major export markets, which include the United States, China, and the Eurozone, tightening financial conditions, higher domestic inflation, weaknesses in the balance sheets of corporate, banking and household sectors, and financial sector vulnerabilities. The Vietnamese government has set a target that GDP will increase 5.6 per cent in Q1, 6.7 per cent in Q2, 6.5 per … [Read more...] about High pedestal to reach for 2023’s growth ambitions

The sons of Hanoi held their heads high and persevered in the cause of national liberation in the face of brutality and harassment. The lethal and brutal treatment and torture in Phu Quoc jail could not weaken the determination of the sons of Hanoi to survive and fight for the freedom and independence of their homeland. Former Hanoi imprisoned veterans attend a ceremony on March 22 that honors their sacrifices for national unity and liberation. Photo: Thanh Hai/The Hanoi Times Phu Quoc Prison was built in 1949-1950 under French colonial rule to detain political dissidents and national patriots. From 1963 to 1973, more than 40,000 Vietnamese patriots, soldiers, and communist activists who fought for the liberation of their country were incarcerated in the prison, which was run by the South Vietnamese regime. Located some 90 kilometers from the Vietnamese mainland, Phu Quoc prison was the site of the deaths of some 4,000 people who gave their lives in the … [Read more...] about Hanoi patriots recount memories of captivity

At the meeting on March 21, the RoK N.A. speaker noted that the relations between Vietnam and the RoK have been developing strongly, highlighting the elevation of bilateral ties to a comprehensive strategic partnership in December 2022. He stressed that during his meetings with key leaders of the Vietnamese Party, Government and National Assembly during his visit to Vietnam last January, he noticed that both sides have been aware of the great potential of bilateral cooperation. Kim extended an invitation to N.A. Chairman Vuong Dinh Hue and legislators of Vietnam to attend a forum for ASEAN and Korean leaders, slated for June in the RoK’s Jeju Island. For his part, Hai affirmed that Vietnam attaches importance to the relations with the RoK and suggested the two sides maintain all-level delegation exchanges and meetings, saying coordination and sharing of views on the bilateral cooperation as well as the regional and international situation would help deepen relations between their … [Read more...] about N.A. Vice Chairman visits RoK, meets host leaders

Deputy Prime Minister Tran Hong Ha (Photo: VNA) Hanoi (VNA) - Vietnamese Deputy Prime Minister Tran Hong Ha has highlighted the need to establish a social ethical standard in relations and behaviours regarding water resources, especially transboundary water, in accordance with the principles of fairness, equality, rationality, and respect for the rights and interests of other countries in river basins. He made the call when addressing the opening session of the UN 2023 Water Conference in New York on March 22. Sharing concerns about the fact that nearly one-third of the world's population are living in countries with water stress or scarcity, the Deputy PM stressed that the water agenda should be given a prominent position in sustainable development, alongside climate change, socio-economic development and environmental development. He said a global science-based legal framework is needed to orient and coordinate the sustainable exploitation, use, and restoration of … [Read more...] about Vietnam stresses importance of ethical standards in handling water resources

Anna and Vicenzo have been learning Vietnamese for a while. The university where they study Vietnamese as a second language is well-known in Italy for providing students with knowledge about Vietnamese history, culture, economy, geopolitics, art, and culture. The most difficult thing for students is that Vietnamese has many tones, according to Le Thi Bich Huong, a teacher of the Vietnamese language at the university. She has employed music and Vietnam ese musical instruments to help the students learn the language more easily. This year marks the 50 th anniversary of Vietnam-Italy diplomatic relations. In addition to accomplishments in economics and politics, bilateral cooperation in other fields such as culture, education, and people-to-people exchanges have actively contributed to greater mutual understanding. The Vietnamese Embassy in Italy will organise more cultural and diplomatic activities to promote people-to-people exchanges and encourage the teaching and … [Read more...] about Italian students love the Vietnamese language

Renato Darsie (R), Chairman of the Italy - Vietnam Friendship Sub-Association in Veneto , presents the right to use the Vietnamese cultural centre to a representative of Vietnamese students in May 2022. (Photo: VNA) Rome (VNA) – With multiple-year experiences, the Italy - Vietnam friendship sub-associations in regions of the European country can make practical contributions to the friendship and cooperation between the two countries by providing information on Vietnam to Italian people and businesses. So said Renato Darsie, Chairman of the Italy - Vietnam Friendship Sub-Association in the Veneto region, in an interview granted to the Vietnam News Agency. He described the 50th anniversary of the diplomatic relationship (March 23, 1973 - 2023) as an important milestone marking the growing friendship and political, economic, and cultural ties between the two countries. Bilateral relations over the last 50 years are those of solidarity and friendship across the board as … [Read more...] about Friendship sub-associations practically help with Italy – Vietnam ties: insider

A view of Bach Long Vy district from above. (Photo: VNA) Hai Phong (VNA) – Bach Long Vy, Vietnam’s most remote island in the Gulf of Tonkin, about 110km from the northern port city of Hai Phong 's mainland, has been given a facelift following its 30 years of development . The island has a special strategic position in terms of national defense , security and maritime economy. On November 18, 1992, the Prime Minister signed a decision to establish it as a district of Hai Phong. In March 1993, the first contingent of temporary district officials left the mainland to the island to perform their duty. Back then, the island was deserted without civil infrastructure facilities. Life there was hard and heavily depended on the mainland. Secretary of the district’s Party Committee Tran Quang Tuong said with the attention of the Party and the State, the local authorities and people have overcome myriad difficulties to develop the locality. According to him, an … [Read more...] about Bach Long Vy island sees outstanding developments in three decades

Jakarta (VNA) – The Indonesian Chamber of Commerce and Industry (KADIN) has called for the adoption of the ASEAN Quick Response (QR) Code by all ASEAN countries at the ASEAN Business Advisory Council (BAC) meeting. The transactions carried out via ASEAN QR Code will use local currencies, KADIN Chaiman Arsjad Rasjid said after chairing the ASEAN-BAC meeting in Magelang district, Central Java of Indonesia, on March 22. He said that if a transaction is conducted in Indonesia, it will use the rupiah. Likewise, if it is conducted in Thailand, it will use the Thai baht, and so on, he explained. The QR code adoption will also reduce the cost of transactions, thus it can be the key for micro, small, and medium enterprises (MSMEs) and bigger business players in ASEAN to collaborate, he said. The ASEAN QR Code is one of the comprehensive legacy programs promoted by KADIN as a solution to strengthen digital transformation in ASEAN, which is one of the five ASEAN-BAC priority … [Read more...] about Indonesia hastens ASEAN’s adoption of regional QR Code

A community-based tourism and cultural village in Ha Giang's Meo Vac district. (Photo: VNA) Ha Giang (VNA) – With its advantages in terms of natural landscapes, rich cultural identities, customs and preserved traditional festivals, the northernmost province of Ha Giang has attracted attention from a large number of travel companies and tourists, and several potential community-based tourist sites have been formed. Ha Giang province is home to 19 ethnic groups which have their own cultural traditions and identities. The effective preservation and promotion of cultural values has helped the province in general and the ethnic groups in particular have a special attraction for travelers and those who want to learn about traditional ethnic culture. According to Deputy Director of the provincial Department of Culture, Sports and Tourism Trieu Thi Tinh, over the past years, the province has selected outstanding cultural products to develop to create more highlights for … [Read more...] about Ha Giang effectively develops community-based tourism