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Kuala Lumpur (VNA) – The Malaysian Government will focus on three main issues this year to achieve high-income nation status by 2026, including fiscal strengthening by focusing on increasing revenue and spending rationalisation. According to the country’s Ministry of Economy, Malaysia will identify new sources of growth including high-tech industries and prioritise digitisation such as electrics and electronics, aerospace, smart agriculture and biomass and reform the economic structure towards a higher value chain. The ministry said that the country’s government will identify new sources of growth including high-tech industries and prioritise digitisation such as electricity and electronics, aerospace, smart agriculture and biomass, along with reforming the economic structure towards a higher value chain. It will also focus on developing an economy based on the service sector, empowering micro, small and medium enterprises and encouraging research, development, … [Read more...] about Malaysia focuses on three issues to become high-income nation by 2026

Xi will be the first national leader to shake Putin's hand since the International Criminal Court (ICC) issued an arrest warrant for him on Friday over the deportation of Ukrainian children to Russia since its invasion. Russia is presenting Xi's trip, his first since securing an unprecedented third term this month, as evidence that it has a powerful friend prepared to stand with it against a hostile West that it accuses of trying to isolate and defeat Moscow. "We can feel the geopolitical landscape in the outside world undergoing drastic changes," Putin said in an article in China's People's Daily published on the Kremlin website, adding that he had high hopes for the visit from his "good old friend." For Xi, the visit is a diplomatic tightrope. China has released a 12-point proposal to solve the Ukraine crisis, but at the same time strengthened ties with Moscow. China has repeatedly dismissed Western accusations that it is planning to arm Russia but says it wants a closer … [Read more...] about China’s Xi arrives in Russia to meet Putin over Ukraine war

Hong Sun, chairman of the Korea Chamber of Business in Vietnam (KOCHAM), told the Vietnam Business Forum 2023 on Sunday that many South Korean businesses find that it usually takes two to three months to acquire work permits for their foreign staff. And in some cases, the process can take up to six months as additional paperwork is sometimes required, he added. KOCHAM proposed that the authorities provide businesses with a consistent and precise guideline on requesting work permits. The chamber also suggested that the Vietnamese government give graduates of the one-year K-Move School program expert work permits. Sun added that the K-Move School program is run by the South Korean government and that its graduates are highly qualified. He said that they can be considered experts and are even qualified to be the CEO of a business, and therefore they should be able to receive expert work permits in Vietnam. Gabor Fluit, chairman of the European Chamber of Commerce in Vietnam … [Read more...] about Foreign businesses want work permit procedures simplified

How can 5G and digital transformation impact the performance of industries such as manufacturing, logistics, agriculture and e-commerce over the coming years? Denis Brunetti, president of Ericsson in Vietnam, Myanmar, Cambodia and Laos As a critical digital national infrastructure, 5G has the potential to significantly transform society, industries, and the economy, as well as benefiting the environment. In the past, developing economies depended on traditional inputs to fuel growth, such as low-cost labour and natural resources. Moving forward, the new economy will increasingly depend on more sustainable inputs, such as science, technology and innovation, whereby data will become the new oil that creates as much as drives a more inclusive and sustainable socioeconomic development, securing broader range prosperity for all. Through 5G, the introduction of Industry 4.0 will be accelerated across thousands of factory floors in Vietnam, enabling robots, digital twin … [Read more...] about Going digital and green in partnership with Ericsson

Thai officials searching for a radioactive cylinder missing from a power station said Monday that they had found traces of the dangerous material in a nearby steel foundry. The 25-kilo (55-pound) steel tube containing highly radioactive caesium-137 was reported missing from the coal-fired power plant in Prachinburi province, east of Bangkok, earlier this month. Officials said traces of caesium had been found at a foundry around 10 kilometres (six miles) away, though they were not sure whether the cylinder was intact. "We are not sure if the cylinder has already melted, but we found caesium at this steel melting plant," said Prachinburi governor Ronnarong Nakornjinda. He said that if it had been melted, the radioactive material would have been contained within a "closed" area, and that there was no sign of contamination nearby. A search was launched after staff at the power station reported the loss of the steel tube, roughly 30 centimetres (12 inches) long and 13 centimetres … [Read more...] about Traces of missing Thai radioactive matter located in foundry

Authorities of the northern port city of Haiphong discovered seven tonnes of elephant tusks in a container at Nam Hai Dinh Vu Port this morning, March 20. This was the largest ivory smuggling case reported in Haiphong to date. The ivory were seized in Haiphong According to the Haiphong customs agency, they initially became suspicious about six containers sent to the port from Angola, including three which were declared to be transporting peanuts but had unclear addresses. After checking the containers, they detected a huge amount of ivory in one of them. The Vietnamese General Department of Customs are co-operating with concerned agencies on the investigation. Ivory is on the list of goods banned from being imported and exported in line with the Vietnamese government’s decree issued in 2018. A container containing 117 pieces of ivory tusk weighing 490 kilos was detected at Lach Huyen Port in Haiphong in early February this year. Haiphong authorities also … [Read more...] about Seven tonnes of ivory seized at Haiphong port

Hanoi (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency. - Economic cooperation should continue to be the focus of bilateral ties between Vietnam and the Republic of Korea, National Assembly (NA) Vice Chairman Nguyen Duc Hai said at his talks with Deputy Assembly Speaker of the RoK Chung Woo-taik in Seoul on March 20. Read full story - Chief Justice of the Supreme People’s Court Nguyen Hoa Binh and Minister of Justice Le Thanh Long cleared up questions regarding asset recovery in corruption cases, at a Q&A session in Hanoi on March 20 as part of the 21st meeting of the National Assembly (NA) Standing Committee. He admitted that the work has yet to be done strictly although 40% of the assets were recovered over the past decade. Read full story - Vietnam is striving to lure more Japanese investments to digital transformation and green growth, as recommended in the Vietnam-Japan Joint Initiative (VJI). Phase VIII of the … [Read more...] about ☕ Afternoon briefing on March 20

Reviewing the country’s socio-economic recovery and development achievements in 2022, the PM said the macro economy remained stable, major economic balances were ensured, and notably the domestic investment and business environment was improved significantly. During the post-COVID-19 period, the foreign investment disbursement went up 13.5% as compared with 2021, which reflected Vietnam’s attractiveness in the regional and global investment maps, he said. Pham Minh Chinh stressed that the Vietnamese Party and State advocate green growth in order to ensure rapid, effective and sustainable economic development, contributing to implementing the 2021-2030 socio-economic development strategy. However, green growth needs a suitable roadmap, with conditions and capacity of each region, locality and business taken into consideration, he noted, encouraging the engagement of all, particularly businesses and people, in this regard. The Government will work to consolidate institutions, … [Read more...] about Prime Minister pledges to further support enterprises at Vietnam Business Forum 2023

The Japanese government has launched the Asia Energy Transition Initiative (AETI), which includes knowledge sharing, technology development, and deployment of decarbonisation and $10 billion in financial assistance to push forward green energy transition. Japanese Prime Minister Fumio Kishida also proposed the Asia Zero Emissions Community (AZEC) initiative during his visit to Vietnam last April. The initiative's goal is to achieve both sustainable growth and carbon neutrality amid growing energy demand in Asian countries. The Japanese government is willing to cooperate with ASEAN countries to achieve a pragmatic energy transition by providing financial and technical support for the demonstration and introduction of decarbonisation technologies. As one example, the Ministry of Industry and Trade of Vietnam, the Japanese Embassy to Vietnam, and the JCCI jointly organised a workshop on cooperation between the two countries for the development of power and energy fields focussing on … [Read more...] about JCCI proposes solutions to promote investment in green energy

An oveview of the forum. (Photo: nhandan.vn) Hanoi (VNA) – Deputy Minister of Justice Nguyen Thanh Tinh, European Union Ambassador to Vietnam Giorgio Aliberti, and UNDP Resident Representative in Vietnam Ramla Khalidi jointly held the 2023 Legal Partnership Forum on Digital Transformation in the Justice Sector in Hanoi on March 20. Addressing the event, Tinh said that digital transformation is a major policy of the Vietnamese Party and State in recent years. In that context, the Ministry of Justice identifies it as an important task that contributes to improving the validity and efficiency of its State management as well as the quality of public services. The ministry has issued digital transformation programmes and set out goals to implement the Government's relevant policies. To date, all administrative procedures under the management of the ministry have been connected to the National Public Service Portal. This helps to create favourable conditions for people and … [Read more...] about Partnership forum discusses digital transformation in justice sector