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National Assembly Chairman Vương Đình Huệ. —VNA/VNS Photo Vietnamese Ambassador to Hungary Nguyễn Thị Bích Thảo talks to Vietnam News Agency about the official visit to Hungary by National Assembly Chairman Vương Đình Huệ, which is scheduled for June 26-28. Could you talk about the meaning and purposes of the official visit to Hungary by NA Chairman Vương Đình Huệ? This is an important visit by a Vietnamese high-ranking leader to deepen the comprehensive partnership and the parliamentarian relations between Việt Nam and Hungary, amid the context the two countries are in a period of economic recovery after the COVID-19 pandemic. Việt Nam and Hungary have a history of 72 years of friendship and cooperation in many fields, such as education and training, law and justice, culture, sports and people-to-people exchanges. Hungary considers Việt Nam an important partner in the Southeast Asian region. The two countries established the comprehensive partnership in September 2018, … [Read more...] about Top legislator’s visit to Hungary expected to deepen bilateral ties

Vietnam is a centerpiece of South Korea’s New Southern Policy (NSP). Vietnam and South Korea consider upgrading the relations to Comprehensive Strategic Partnership after three decades of diplomatic ties which have gained fruitful multisectoral achievements. Vietnamese Deputy Prime Minister Pham Binh Minh speaks at the event held in Seoul on June 23. Photos: VNA Vietnamese Deputy Prime Minister Pham Binh Minh gave remarks on the occasion of the 30 th founding anniversary of Vietnam-South Korea diplomatic relations (1992-2022). The two countries have become leading partner with each other, mostly in trade and investment, with South Korea being the biggest investor in Vietnam with large-scale investment projects, contributing to creating global supply chains in Vietnam, Minh said in a recorded video at the 30th Global Maekyung Forum held in Seoul on June 23. To enhance the ties, Minh suggested focusing on science-technology and innovation; digital and … [Read more...] about Vietnam, South Korea eye Comprehensive Strategic Partnership

Vietnamese Ambassador to Hungary Nguyen Thi Bich Thao (Photo: VNA) Budapest (VNA) – The upcoming Hungary visit by National Assembly Chairman Vuong Dinh Hue aims to further deepen the comprehensive partnership between the two countries as well as the two parliaments in the context of post-pandemic economic recovery and development in both countries, Vietnamese Ambassador to Hungary Nguyen Thi Bich Thao told Vietnam News Agency. She said that Vietnam and Hungary have shared a 72-year partnership and traditional cooperation in all fields including education-training, law and justice, culture, sports, and people-to-people exchanges. The diplomat noted that Hungary considers Vietnam an important partner in Southeast Asia, and the two countries lifted their ties to a comprehensive partnership in September 2018. The  parliaments of the two countries have also kept a good relationship with regular meetings and exchanges at all levels, while showing close and effective … [Read more...] about NA Chairman’s visit to deepen ties with Hungary in post-pandemic period: Ambassador

PV Gas's Cà Mau facility. GAS lost almost half of its gain on Thursday, down 2.4 per cent yesterday. — VNA/VNS Photo Huy Hùng HÀ NỘI — Shares lost rising momentum in the last trading minutes on Friday as divergence continued to expand to the whole market. The VN-Index on the Hồ Chí Minh Stock Exchange slid back to the negative territory after a brief rise on Thursday, down 0.29 per cent to close the week at 1,185.48 points. It gained 1.7 per cent on Thursday after four straight declining sessions. Divergence occurred in almost all groups of stocks, from finance to real estate, even to energy and chemicals. According to analysts, in the context of poor liquidity, supply and demand for stocks can change erratically, so it is difficult for the whole industry to follow the same direction. Overall, the gainers slightly outnumbered the losers by 244-239 while 91 closed flat. In the energy sector, PV Gas (GAS) lost almost half of its gain on Thursday, down 2.4 per cent; … [Read more...] about Shares close the week in negative zone

Volunteers picked up trash, mostly plastic-based, on the beach of Giao Hải Commune, Giao Thuỷ District, the northern province of Nam Định. — VNA/VNS Photo Văn Đạt HÀ NỘI — Australian scientists will deliver new innovations to tackle plastic waste in the Indo-Pacific, with a Plastics Innovation Hub being launched in Việt Nam , according to the Australian Embassy in Việt Nam. Globally, 75 per cent of plastic produced becomes waste. To help address this, the Plastics Innovation Hub Việt Nam aims to significantly reduce plastic waste through key stakeholder collaborations and science and innovation excellence. It is an initiative of Aus4Innovation Program, an official development assistance programme sponsored by Australia’s Department of Foreign Affairs and Trade, managed and co-funded by CSIRO, Australia’s national science agency, out of the Australian Embassy in Hanoi, and delivered in strategic partnership with Việt Nam's Ministry of Science and Technology. The hub is … [Read more...] about Australia to launch new Plastics Innovation Hub in Việt Nam

A traditional market in Việt Nam. — VNA/VNS Photo HÀ NỘI — The Consultative Group for International Agricultural Research (CGIAR), a global partnership that unites international organisations engaged in research about food security, launched an initiative on sustainable healthy diets in Việt Nam on Friday. The three-year initiative "Sustainable Healthy Diets Through Food Systems Transformation"(SHiFT) aims to identify effective policy options through research, strengthening capacity, and developing robust metrics and tools that support stakeholders’ decisions when developing pathways to transform food systems toward sustainable healthy diets, improved livelihoods, gender equity and social inclusiveness. The initiative focuses on understanding consumers and their food environments through characterising food consumption and dietary patterns among marginalised populations and identifying key drivers and inequalities. This will inform the co-design, testing and evaluation of … [Read more...] about Sustainable diet and food system transformation initiative launched

An automobile assembly line of Toyota Vietnam in the northern province of Vĩnh Phúc. Vĩnh Phúc is an important part of the global supply chain of Japanese enterprises. — Photo baovinhphuc.com.vn VĨNH PHÚC — Vĩnh Phúc Province always views Japanese localities and businesses as leading partners in its development progress, said Hoàng Thị Thúy Lan, Secretary of the provincial Party Committee. Lan made the statement at a conference held in the northern province of Vĩnh Phúc on Thursday with a view to reinforcing the northern province’s cooperation with Japanese localities and investors. The conference attracted the participation of nearly 700 delegates both online and offline from the two countries. Highlighting their long-standing and expanding cooperation, she said Vĩnh Phúc's official co-operative relations were set up with Japan’s Akita prefecture in March 2015, and Tochigi prefecture in December 2021, which have created important prerequisites for boosting bilateral … [Read more...] about Vĩnh Phúc Province seeks stronger links with Japan

Vice President Võ Thị Ánh Xuân (left) and Thai Prime Minister Prayut Chan-o-cha in Bangkok had talks in Bangkok on Friday. — VNA/VNS Photo Ngọc Quang BANGKOK — Vice President Võ Thị Ánh Xuân met with Thai Prime Minister Prayut Chan-o-cha in Bangkok on Friday, affirming that Thailand is always one of the leading partners of Việt Nam in the region. At the meeting, the two sides shared the view that the Việt Nam - Thailand enhanced strategic partnership had been thriving in all areas, with growing political trust, rising trade and investment, vibrant cultural and people-to-people exchanges, and expanding locality-to-locality ties. They agreed to increase all-level mutual visits and develop bilateral trade in a balanced and win-win manner to reach US$25 billion by 2025. The teaching of Thai and Vietnamese languages in each other’s countries would continue to be encouraged, and Việt Nam’s cultural and historical values in Thailand upheld, while locality-to-locality and … [Read more...] about Vice President Xuân meets Thai Prime Minister Prayut in Bangkok

Vietnam has high regional growth prospects, predicted at more than 6.5% in 2022. (Infographic by Oxford Economics) Hanoi (VNS/VNA) - The economic recovery across the South-East Asian region has been uneven and must now contend with rising external headwinds from outside the region. Vietnam is predicted with a high growth prospect in the region, at more than 6.5% in 2022, 0.7% higher than the average growth of 5.8% for the whole region. This was a key finding from the Economic Forecast presented by the experts at the Institute of Chartered Accountants in England and Wales (ICAEW) Economic Insight Forum Q2. Vietnam was able to bounce back relatively quickly in 2021 compared to the rest of the region. With the easing of restrictions from last year’s Q4 that carried over to this year’s Q1, there has been a significant recovery in its services sector driven by domestic tourism. With the current endemic phase, there should be a boost on the international tourism front as … [Read more...] about Vietnam’s growth to rise by 6.5% in 2022: ICAEW

The owner of a construction company said: "The rising costs have caused severe impacts on my company. We have put two projects on hold and are waiting for prices to go down." Huynh’s company in the neighboring province of Binh Duong is likely to report losses on the construction of a road project it began earlier this year. It cannot back away from the project as the work is 75 percent completed. "We use a lot of diesel each day, and so the rising fuel costs have eaten away all of our profits," Huynh said. The rising costs of raw materials amid surging global inflation is posing problems for construction companies who struggle to renegotiate their contracts as losses loom. Cement prices in Vietnam have gone up three times this year by around 28 percent to VND1.2 million ($51.62) a ton. In the latest increase, 15 major cement producers all hiked prices by up to VND80,000 per ton. Steel prices have been falling due to declining demand in China, but others such as sand, … [Read more...] about Construction contractors hit hard by surging costs