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Assembling cars at a VEAM automobile factory in Thanh Hoa Province. — Photo VNA The Vietnam Engine and Agricultural Machinery Corp (VEAM) has set a target of achieving average revenue growth of 6.5 per cent annually from now to 2027. The company's annual pre-tax profit, industrial output and revenue were set to grow 5 per cent and 10 per cent, respectively in the period, VEAM said, adding that it would focus on strengthening cooperation among member units while expanding its presence in the domestic market and promoting exports. According to VEAM chairman Nguyen Khac Hai, his firm will seek qualified investors to co-operate directly or through subsidiaries to invest in production projects, agricultural machinery trading, automobiles and supporting industries. The company's latest report revealed that the impact of the pandemic and caused many difficulties. However, in the first quarter of 2022, VEAM's revenue surpassed VND1.13 trillion, up 17 per cent year-on-year or … [Read more...] about VEAM expects total revenue to grow 6.5% annually

Vietnam's National Assembly Chairman Vuong Dinh Hue visited Albertirsa City on Sunday, where he had talks with Deputy Speaker of the Hungarian parliament István Jakab, concentrating on agricultural cooperation, as part of his ongoing visit to Hungary. Hue arrived in Budapest late on Saturday afternoon (local time) for an official visit from June 26 to 28, at the invitation of Hungarian National Assembly Speaker László Kövér, Nhan Dan (People) newspaper reported. In his meeting with Deputy Speaker Jakab, Hue thanked him for spending time accompanying the Vietnamese delegation’s visit to Albertirsa and a processing factory of Mirelite Mirsa Co. Ltd., an outstanding local enterprise in clean and green agriculture. The host and guest affirmed that the two sides should focus on promoting cooperation in agriculture, especially when Hungary has strengths in such fields as cultivation, processing, marketing, and distribution. They agreed that there remains ample room for the two … [Read more...] about Vietnam’s top legislator meets Hungarian parliament deputy speaker, focusing on agriculture cooperation

With the launch of its revamped offering, Kredivo and VietCredit pioneer by providing a very unique product in the Buy Now Pay Later space across the country, in line with its ambition to bring innovative payment solutions to the Vietnamese market, for the benefit of the Vietnamese people. According to Kredivo, the Vietnam e-commerce industry has some similarities with Indonesia in respect of the tremendous potential it represents as well as some of the challenges both face. In Indonesia, Kredivo has contributed to remove the obstacles of the country's online retail industry by introducing the most advanced digital credit payment method, enabling Kredivo’s 5 million+ users in Indonesia to get instant access to flexible and affordable credit, and the merchant partners also benefit from instant point-of-sale financing, powered by its unique 2-click checkout. That makes Kredivo a market leader with at least 50 percent Buy Now Pay later wallet share across most of the major Indonesian … [Read more...] about Kredivo introduces its newest payment methods in Vietnam

Australian Foreign Minister Penny Wong enjoys Hanoi's specialty of Pho ga or chicken noodles as she arrived in the city on her first visit to Vietnam. “The Ambassador was delighted to share her favorite Pho ga with Senator the Hon Penny Wong, Foreign Minister, and Chef Sam Tran on the first days in the city. Foreign Minister Wong (black shirt) enjoys P ho ga with Ambassador Robyn Mudie (blue shirt) in Hanoi’s old quarter area. Photo: Australian Embassy in Hanoi. In a Facebook post on June 27, the Embassy of Australia in Hanoi shared that Minister Wong was introduced by Chef Tran to the history and importance of Pho , and especially the Hanoian style of eating Pho . The photo shows the top diplomat in casual wear, enjoying Pho ga with Ambassador Mudie and sharing "views on Australia and Vietnam’s strong people-to-people links.” As a Vietnamese exquisite cuisine, the s imple yet exotic delicacy of Pho has won the heart of many foreign visitors … [Read more...] about Australian Foreign Minister enjoys Pho ga in Hanoi

Nguyen Tat Thanh Street is always crowded Duong Thi Thanh Thuy, living on Huynh Tan Phat Street in District 7 and a regular user of this street to go to work in District 1, shared that it normally takes her 20 minutes to get to work, but at rush hours the time could be a double or triple. Truck driver Le Van Lam, who usually uses the street to transport cargoes to and fro Tan Thuan Export Processing Zone, complained that Nguyen Tat Thanh Street is always crowded, regardless of the time of the day. Nguyen Hoang Viet, a resident on the street, expressed his concern that he has heard about a street expansion plan towards Khanh Hoi Port for 5 years, yet could not understand why it has not turned to reality yet. People like him feel so tired of the noise and dirt volume each day, let alone traffic jams. He suggested that an expansion of 2-3m wide can greatly address the congestion situation here. Also, the intersection between this street and Ton Dan Street is often stuck because … [Read more...] about Nguyen Tat Thanh St. in urgent need of expansion

Talking to the press, he said there are three main areas for such cooperation, namely digitalisation, simplification of rules and procedures to strengthen the business environment; supporting equality, gender equality and equality for minority groups; and legislation and regulation around the green economy. He stressed that the strategic partnership between the UK and Vietnam is solid but there is plenty of room for it to expand. Hue’s visit, the second of a senior Vietnamese leader to the UK within the past year, will help to push forward the cooperation between the two parliaments and governments, he said. "The relationship between the UK and Vietnam is built on people-to-people links. So I think this visit is a good symbol that we are open for business again in both directions,” said Ward. Businesses can travel, invest and develop export and import, while students from Vietnam can come to the UK and vice versa, he added. “We hope that we will soon see the return to the … [Read more...] about Top legislator’s visit a great opportunity for boosting Vietnam-UK ties

Tan Phu Plastic Company produces safe products to serve the local market. The "Zero Covid" policy of China means many Vietnamese producers lack input materials. (Photo courtesy of the firm) The worst sufferers were the electronics, wood, textiles, and footwear industries. According to the Ministry of Industry and Trade (MoIT), China was an important market for the export and import activities of Vietnam as it provides the majority of input materials for Vietnam's production, especially electronic components, machinery parts, fabrics and chemicals. MoIT said from 50 to 55 percent of raw materials and accessories for the textile, garment, and footwear industries originated from China. The country was currently implementing the "Zero Covid" strategy, which forced many factories there temporarily stop production to fight the pandemic. The import-export activities in the neighboring country were affected a lot by the shortage of containers at ports. Phan Thi Thanh Xuan, Vice … [Read more...] about Local enterprises lack materials due to China’s ‘Zero Covid’ policy

Chairman of the HCMC People’s Committee, Phan Van Mai speaks at the seminar. Speaking at the meeting, the city’s Chairman noted that District 7 has the advantages of road and water transport. If the locality has a good development strategy of sea encroachment , it could approach and exploit the advantages of the sea surface effectively. He asked District 7 to develop in accordance with the goal of developing HCMC into a regional and international financial center, an attractive destination, a hub of service, modern industry and culture, and top performer in digital transformation by 2030. At the meeting In addition, the district must focus on developing waterway tourism, healthcare facilities, education, culture and sports; investing in social and transport infrastructures; building an urban administration and digital administration on an effective larger scale. HCMC has proposed a specific mechanism for its development. District 7 must put itself in a state of … [Read more...] about HCMC’s District 7 organizes seminar seeking development strategy

"Covid-19 vaccination is a requirement in the pandemic fight. As such, people need to get vaccinated as per existing regulations and at the right doses. The fact that localities are requesting people to sign forms to ‘take responsibility’ is to show their responsibility to the people," Phan Trong Lan, head of the General Department of Preventive Medicine, told press Monday. The statement was made as Covid-19 vaccination was slowing down in several regions, with many people refusing to get booster shots since they've already developed certain degrees of immunity from their previous shots and Covid-19 infections. The Ministry of Health has requested southern Vietnam localities to use up all their distributed vaccine doses before June ends, adding that people must sign forms to "take responsibility" if their decision not to get vaccinated causes an outbreak. The ministry however did not respond to the press regarding whether its decisions were based on any basis or precedents. Lan … [Read more...] about Covid vaccination refusal must be confirmed in print: official

Bún bò Huế (Huế beef noodle soup), is introduced at the "100 Dishes of Huế Street Food 2022” festival. — VAN/VNS Photo Công Đạt THỪA THIÊN HUẾ — A food festival featuring 100 delicious dishes from the central province of Thừa Thiên - Huế is being held at the pedestrian street along the Hương River. “100 Dishes of Huế Street Food 2022” is organised by the Thừa Thiên – Huế Tourism Association, in collaboration with the provincial Department of Tourism and Huế Festival Centre. It is part of the celebration of Huế Festival Week 2022 that is ongoing at the ancient capital until tomorrow (June 30). Chefs from restaurants and hotels in the city have elaborately prepared dishes and artistically presented them, creating a rich culinary space for visitors. At the same time, this activity also honours and promotes the unique culinary and cultural values of Thừa Thiên – Huế. The ceremonial costume of a mandarin of the Nguyễn Dynasty displayed at Huế Museum of Fine … [Read more...] about Food market and ancient exhibition enlivens Huế Festival Week 2022