Foster vietnam

At the Vietnam-Cambodia trade forum . (Photo: VNA) Phnom Penh (VNA) - The Vietnamese Embassy in Cambodia in coordination with the Ministry of Industry and Trade (MoIT)'s Asia–Africa Market Department held a trade forum in Phnom Penh on June 7, which brought together more than 100 businesses of the two countries. In his remarks, Ambassador Nguyen Huy Tang noted that economic cooperation has received the attention of the two countries’ high-ranking leaders, saying it is necessary to foster the economic, trade and investment links to maximise potential and advantages of the two neighbouring countries. The forum offers an opportunity for Vietnamese and Cambodian businesses to exchange information, seek partners, stay updated on new economic policies of the two countries, and speak of obstacles to their operations and propose solutions to them, he said. Ho Siv Yong, from the Cambodian Ministry of Commerce, highlighted trade opportunities in Cambodia, saying the … [Read more...] about Vietnam steps up trade promotion in Cambodia

Four restaurants in Vietnam received their first Michelin stars at a ceremony held in Hanoi on June 6. The star-winning restaurants were announced as Hibana by Koki, Tam Vi, and Gia in Hanoi and Anan Saigon in HCM City. Representatives from the four restaurants receive the awards on June 6. Hibana by Koki, which belongs to the Capella Hanoi Hotel, serves Japanese food while Tam Vi is a Vietnamese restaurant. Meanwhile, Gia's chef Sam Tran was also given the Young Chef Award by the Michelin Guide at the ceremony. The Anan Saigon was previously the only restaurant in the country selected to the list of 50 best restaurants in Asia. The four restaurants were also among a total of 103 restaurants including 48 in Hanoi and 55 in HCM City that were listed by the Michelin Selected, Michelin Guide Special Awards and the Bib Gourmand. The list of 70 restaurants winning the Michelin Selected category 29 restaurants selected to the Bib … [Read more...] about Michelin stars awarded to four Vietnam restaurants

The launch of the support center aligns with the Government's goal to achieve an effective digital media transformation by 2025 and beyond. The Ministry of Information and Communications has launched a digital transformation center to support media outlets and ensure their competitiveness in the digital age. According to Luu Dinh Phuc, Director of the Press Authority under the Ministry of Information and Communications (MIC), the center will be responsible for developing an index to measure the level of digital transformation of media outlets, providing information and materials on successful digital media transformation models and experiences, and offering financial, technical, and technological support to press agencies. Vietnam has a new digital transformation center to support press agencies. Photo: VNA Speaking at a regular press conference in Hanoi on June 5, Phuc said the Press Authority would serve as a primary source of information and evaluation, … [Read more...] about Vietnam launches digital transformation center to support press agencies

Ambassador Dang Hoang Giang (second from right), Permanent Representative of Vietnam to the UN, speaks at the dialogue. (Photo: VNA) New York (VNA) - The United Nations Development Programme (UNDP) has been and will continue to be one of the most important and trusted partners of the Government and people of Vietnam on the country’s development and integration pathway, Ambassador Dang Hoang Giang has affirmed. Addressing an interactive dialogue between the UNDP Executive Board and UN member states held in New York on June 6 on the occasion of the 45th anniversary of the Vietnam - UN relations , the Permanent Representative of Vietnam to the UN pointed out impacts of such global issues as the COVID-19 pandemic, climate change, geo-political tensions, and food and energy crises. As a speaker at the meeting to share the country’s success story, he said that in this context, the Vietnamese Government has implemented a number of measures to protect people’s health, … [Read more...] about UNDP one of Vietnam’s most important partners on development path: ambassador

Six tigers, which have been kept by a family in the northern province since 2005, were handed over to the Hanoi Wildlife Rescue Center on Wednesday. Experts from the rescue center had evaluated the health of the tigers two months ago before devising rescue plans. Three male and three female tigers were kept inside five cages, each 3 m high with a total 300 m2 of space. The animals were not tagged with chips. The tigers were lured into cages to protect their rescuers. "It's costly and takes a lot of efforts, but it's the safest way for the tigers to be rescued. Previously, rescuing tigers involved sedating them, but doing so in this hot weather would be risky," said center director Luong Xuan Hong. Nguyen Khac Thuong, who owns the tigers, used chicken as bait to lure the tigers to the backyard, where the cages waited for them. He feeds and cares for the tigers every day. "For nearly 20 … [Read more...] about Endangered tigers rescued in northern Vietnam

Cambodian Prime Minister Hun Sen and Ambassador Extraordinary and Plenipotentiary to Vietnam in Cambodia Nguyen Huy Tang participated in the project’s ground breaking ceremony in the capital city of Phnom Penh, Voice of Vietnam (VOV) reported. Prime Minister Sen said the highway would bolster Cambodia’s socio-economic development, especially in terms of trade, commerce and tourism between Cambodia and other countries in the region, including Vietnam. The four-lane, 135-km highway will begin in Phnom Penh City and then run through Kandal, Prey Veng and Svay Rieng provinces. It will connect with Vietnam at the Moc Bai border gate in Tay Ninh, which connects with Bavet City in Svay Rieng on the Cambodian side. At the border, the new road will connect with Vietnam’s upcoming Moc Bai-HCMC Expressway. … [Read more...] about Cambodia begins building new expressway to Vietnam

Tran Viet Hoa, director of the Electricity Regulatory Authority of Vietnam under the MoIT, stated on June 7 that power supply difficulties do exist. He said that the total accessible capacity of the northern power system (including imported electricity) that can be mobilised to satisfy electricity demand is between 17,500 and 17,900MW (approximately 59.2 per cent of the installed capacity). This capacity consists of approximately 2,500 to 2,700MW of transmission from the south and central regions to the north via the 500kV Nho Quan-Ha Tinh transmission line. During the approaching sweltering days, electricity demand in the north may reach 23,500 to 24,000MW. Thus, the northern grid will fall short by approximately 4,350MW. According to Hoa, the system confronts the danger of capacity scarcity for the majority of the day. Hoa confirmed that many provinces and cities in the North have intermittently shut off the power recently due to supply issues. General director of … [Read more...] about Northern Vietnam lacks between 30 and 50 million kWh daily

Additionally, the two entities have signed an MoU to foster collaboration in the renewable energy sector, commencing with the development of further rooftop solar projects for Sao Mai Group's industrial facilities. The 3.4 MWp portfolio of rooftop solar PV projects have been installed on the roofs of the Asia Fish Oil and IDI International Development and Investment JSC factories located in the Vam Cong Industrial Cluster in the Mekong Delta province of Dong Thap. It currently generates 4.4 gigawatt hours of renewable energy each year, reducing more than 3,500 tons of CO 2 emissions annually – equivalent to planting over 52,500 trees. As a leading provider of solar solutions in the region, TotalEnergies ENEOS will leverage its international technical expertise and operate this portfolio efficiently to serve its business-to-business (B2B) customers. Elodie Renaud, director of TotalEnergies ENEOS Renewables Distributed Generation Asia stated, “We are very pleased not only with … [Read more...] about TotalEnergies ENEOS expands in Vietnam through partnership with Sao Mai Solar

With loan transactions, most lenders raise concerns as to the legal requirements for them to implement the loans and collections, specifically when foreign currencies are applied with foreign lenders. Borrowers, on the other hand, are concerned about tax deductibility. To address these concerns, the experts from Grant Thornton Vietnam will discuss the general principles and highlight key tax issues related to foreign loans in Vietnam based on the current regulations and their practical experience. Regulations for loans in Vietnam If domestic loans can be rather challenging to put into practice, foreign loans are much more difficult as they must comply with the laws on foreign currency management. A short-term foreign loan (for 12 months or less) is not required to be registered with the State Bank of Vietnam (SBV), while a medium or long-term foreign loan of more than 12 months must initially be registered with the SBV. Periodically, and no later than the fifth … [Read more...] about Loans in Vietnam – Regulatory and tax-related issues

The CICON 2023 takes place in Ho Chi Minh City on June 7. (Photo: VNA) HCM City (VNA) – The CICON 2023 – the second international conference that combines the initials of Creative Urban, Culture, Convergence, and Industry took place in Ho Chi Minh City on June 7, offering opportunities for Vietnam and the Republic of Korea (RoK) to participate in the smart city and blockchain industry, build a network of businesses from the two countries. RoK , and Chairman of the Seoul Design Foundation said that Vietnam is known as a country with sustainable growth in the region with the advantages of a young population structure and potential for industrial and high-tech development. VNA … [Read more...] about Vietnam, RoK share experience, initiatives on smart city development