Growth year over year calculation

Vietnam and Bangladesah have ample room for achieving stronger growth in their bilateral trade cooperation, as the two countries share many things in common, including being emerging economies with stable development, having large populations, markets, and sufficient human resources. In addition, a huge number of young people in the two countries are able to quickly embrace advanced technology and innovation trends, said Pham Viet Chien, Vietnamese Ambassador to Bangladesh, the Vietnam News Agency reported. The two countries need to effectively implement bilateral agreements and cooperation mechanisms in multiple fields, especially the Joint Committee on economic, culture, science and technology cooperation. Both sides should continue to study and develop new cooperation mechanisms on par with each nation’s need for further growth, he said. The two Asian nations also share many others in common, in terms of their foreign policies about global and regional issues. They … [Read more...] about Much room for growth in Vietnam – Bangladesh trade ties: Vietnamese ambassador

Authorities in Khanh Hoa and Lam Dong Provinces, located in Vietnam’s south-central and Central Highlands regions, respectively, have sought to develop a 103km-long expressway linking the two localities in the 2025-28 period, said a local official. The administration of Khanh Hoa recently told relevant agencies to work with a consulting unit on a proposal to develop the Nha Trang - Lien Khuong Expressway project, Nguyen Tan Tuan, chairman of the Khanh Hoa People’s Committee, said on Thursday. According to the proposal, the route would start from an intersection with the Nha Trang - Cam Lam Expressway in Khanh Hoa to the end of the Lien Khuong - Prenn Expressway in Lam Dong, with some 48km of the route in Khanh Hoa and the rest in Lam Dong. The projected end of the Nha Trang - Lien Khuong Expressway project, which will link Khanh Hoa Province in south-central Vietnam with Lam Dong Province in the country’s Central Highlands region. Photo: Tran Huong / Tuoi Tre … [Read more...] about Vietnam’s Nha Trang – Lien Khuong expy proposed to be built in next 3 years

Col. Nguyen Nhu Canh (R), Deputy Director of the Vietnam Department of Peacekeeping Operations under the Ministry of National Defence, and Matsuzawa Tomoko, Director for Defence Cooperation in the Indo-Pacific region at the Japanese Ministry of Defence and head of the working group of Japanese experts, check the quality of the road. (Source:qdnd.vn) Hanoi (VNA) – Japanese engineers who were in Vietnam to participate in a competency evaluation programme for prospective United Nations peacekeepers (CEPPP) have built a stretch of road leading to the CEPPP training ground in Hanoi. The CEPPP under the ASEAN Defence Ministers’ Meeting Plus (ADMM-Plus) Experts’ Working Group on Peacekeeping Operations Cycle 4 (2021-2023) was the first of its kind to be held in Vietnam. It was co-chaired by Vietnam and Japan. The stretch of road, leading to the training ground at Battalion 31 of Brigade 28 under the Air Defence - Air Force service, is 219 metres long, which is meant to mark the … [Read more...] about Japanese engineers build road to mark 50 years of diplomatic ties with Vietnam

Illustrative image (Photo: www.investing.com) Hanoi (VNA) - The Thai government plans to borrow about 2.4 trillion THB (nearly 66.65 billion USD) for the 2024 fiscal year starting October 1, up about 9% from the current year, according to market sources briefed by the Ministry of Finance. More than 700 billion THB of the total will be fresh borrow ing to finance the budget deficit, and about 1.7 trillion THB will be earmarked for refinancing and restructuring existing debts . About half of the funding sought will be raised through government bond sales, while the rest will be financed via treasury bills, savings bonds, bond switches and promissory notes. The government plans to sell up to 272 billion THB of government bonds in the last quarter of this year. The new cabinet of Thailand approved higher budget spending of 3.48 trillion THB for fiscal year 2024, along with a larger budget deficit of 693 billion THB, to revive the economy. According to Thai … [Read more...] about Thailand to borrow over 66 billion USD for fiscal year 2024

Prime Minister Pham Minh Chinh (R) and Treasury Secretary Janet Yellen . (Photo: VNA) New York (VNA) – Prime Minister Pham Minh Chinh met with Treasury Secretary Janet Yellen in New York on September 20 (local time) to discuss cooperation between Vietnam and the US in economy and finance, and to share views on other issues of shared concern. The meeting took place as part of the Vietnamese leader’s trip to the US for the high-level week of the 78th session of the United Nations General Assembly, and bilateral activities in the country. Chinh affirmed that Vietnam considers the US a leading important partner, and stands ready to work together with the country to promote the bilateral relationship intensively, extensively, stably, and practically. Vietnam also regards cooperation in economy, finance, trade and investment as a priority of the bilateral comprehensive strategic partnership, and highly valued substantive contributions by Yellen and the US Department of the … [Read more...] about PM meets US Treasury Secretary, leaders of economic groups

Prime Minister Pham Minh Chinh (R) and US National Security Advisor Jake Sullivan. (Photo: VNA) New York (VNA) – Prime Minister Pham Minh Chinh has proposed relevant agencies of Vietnam and the US work together to complete new cooperation frameworks to lay a foundation for the two sides further promote and deepen bilateral cooperative relations, especially in the strategic fields of science-technology; innovation, green growth; sustainable and green energy transition; response to climate change; and cyber security. PM Chinh, who has been in New York to attend the high-level week of the 78th session of the United Nations General Assembly, made the suggestion while hosting a reception for US National Security Advisor Jake Sullivan on September 20. The move aims to realise the outcomes of the recent state visit to Vietnam by US President Joe Biden, he said, hailing the US National Security Council’s support to bolster the Vietnam – US relations over the past years. The PM … [Read more...] about PM receives US National Security Advisor in New York

Thousands of suppliers and visitors join "Food Ingredients Asia 2023" and "Vitafoods Asia 2023" According to information from the organiser-Informa Markets, over 1,000 local and international food entrepreneurs from more than 45 countries around the globe joined “Fi Asia 2023” (Food Ingredients Asia 2023), as well as "Vitafoods Asia 2023". Vitafoods Asia 2023 is Asia’s No.1 exhibition on dietary supplements and ingredients. The event covers the the entire supply chain for the 'nutraceutical' industry. Vinafood Asia was inaugurated in 2011, in Hong Kong with the goal to promote the 'nutraceutical' industry for people’s better health through science and innovation. In 2022, Vitafoods Asia was held in Thailand for the first time. Meanwhile, Fi Asia 2023 looks to heighten the reputation of an event that unlocks opportunities for entrepreneurs to share and update global food trends, aiming at amplifying potential and ensuring local raw material and beverage operators are … [Read more...] about Thousands of suppliers join Food Ingredients Asia 2023, Vitafoods Asia 2023

Phu Nhuan Jewelry transforms its business operations with a cloud computing strategy Vietnam-based company, Phu Nhuan Jewelry (PNJ), has been consistent in its commitment to providing the highest quality products and services to customers whilst also being sustainable. To maintain its competitiveness in the market, the company has been implementing its retail strategies to get closer to its customers and provide a more complete, multi-faceted, and seamless shopping journey. Its cloud computing strategy, in particular, has accelerated the company's goals for the past two years. Before implementing the cloud computing strategy, PNJ had difficulty meeting the actual needs of the company's retail operations, especially during the peak season. For instance, on God of Fortune Day, many Vietnamese people would go to PNJ to buy gold, but heavy shopping made the experience inconvenient. PNJ has resolved this situation with comprehensive cloud-based solutions. Using the most advanced … [Read more...] about Phu Nhuan Jewelry embraces cloud computing strategy

The EV maker plans to deliver approximately 3,000 EVs to France, Germany, and the Netherlands in the fourth quarter of 2023, as the EU contemplates imposing import tariffs on Chinese EV competitors, according to a recent Reuters report. VinFast’s CEO Le Thi Thu Thuy revealed that the company anticipates introducing its VF8 models in France, Germany, and the Netherlands in Q4 this year. "Other models like the VF6, VF7, and VF9 are slated for a 2024 launch," she added. “Thuy did not indicate the number of VF8 sport utility vehicles (SUVs), but a person familiar with the matter said it would be around 3,000 vehicles, including some for Israel,” Reuters wrote. This move marks a significant growth target, with the company aiming to quadruple its European sales volume, a considerable jump from its earlier modest target of 700 EVs. The EU's stringent scrutiny of Chinese EV makers and the anticipated imposition of import tariffs could present a lucrative opening for VinFast. If the … [Read more...] about VinFast eyes Europe expansion amid potential EU tariffs on Chinese EVs

In this pool photograph distributed by Russian state owned Sputnik agency on September 20, 2023, Russia's President Vladimir Putin (R) shakes hands with China's Foreign Minister Wang Yi, in Saint Petersburg. Photo handout via AFP Speaking at a meeting with Putin in Saint Petersburg, at which the Russian leader accepted an invitation to visit China next month, Wang Yi said the "world is rapidly moving toward multipolarity." "Economic globalization is progressing against headwinds, unilateral actions are unsustainable, and hegemonism is not popular," Wang said, according to an English readout by Beijing's Xinhua news agency. "Both sides need to strengthen their multilateral strategic cooperation, protect their legitimate rights and interests, and make new efforts to promote the international order toward fairness and justice," he added. Putin, in response, told Wang "our positions coincide regarding the emergence of a multipolar world," according to a readout from the … [Read more...] about Beijing, Moscow must deepen cooperation: China foreign minister