At a Wednesday meeting between Prime Minister Pham Minh Chinh and the delegation of the U.S.-ASEAN Business Council (USABC), the council's president Ted Osius said U.S. businesses consider Vietnam a strategic market and are ready to commit to long-term investments in the Southeast Asian nation. Osius said the delegation were highly supportive of the Vietnamese government’s moves towards a more digital and green society. He also encouraged steps the country has taken in infrastructure development, such as the construction of new highways and metro rail public transit options, the Vietnam Government Portal reported. U.S. ambassador to Vietnam Marc Knapper said the American grouping at the meeting was the largest U.S. business delegation to ever visit Vietnam. He said this confirmed the commitment of the U.S. government and the private sector to support a strong and prosperous Vietnam via cooperation. At the meeting, the delegation proposed new ideas and opportunities for business … [Read more...] about Major US companies laud Vietnam as strategic market
Gulu agricultural development company
Vietnam to develop policies to adapt to global minimum tax
Panasonic Life Solutions Vietnam in Vietnam - Singapore Industrial Park, Binh Duong province. (Photo: VNA) Hanoi (VNS/VNA) - Vietnam will adjust investment policies to adapt to the global minimum tax rate and remain an attractive destination for investment. The move comes amid concerns that this measure might undermine the competitive advantage of developing countries in attracting foreign investment through offering tax incentives. The global minimum tax was Pillar Two of the Organisation for Economic Co-operation Development ( OECD )’s base erosion and profit-shifting (BEPS) framework. To date, the solution drew the participation of over 140 countries and jurisdictions, including Vietnam, which aimed to reform international taxation rules and ensure that multinational enterprises pay a fair share of tax wherever they operate through the establishment of a global minimum effective corporate tax rate of 15% for those with annual revenue of 750 million euros, starting from … [Read more...] about Vietnam to develop policies to adapt to global minimum tax
Viet Nam promises optimal conditions for US enterprises: PM
Prime Minister Phạm Minh Chính and delegates of the US-ASEAN Business Council in Ha Noi on Wednesday. —VNA/VNS Photo Duong Giang The Vietnamese Government will continue to create favourable conditions for US businesses to expand investment in Viet Nam and support Vietnamese enterprises participating deeply in the production value chain of US enterprises. Prime Minister Pham Minh Chinh delivered this statement during a working session with the delegation of the US-ASEAN Business Council (USABC) in Ha Noi yesterday. The PM said that Viet Nam considered the US one of its most important partners and wanted to deepen the comprehensive bilateral partnership. He also praised the US business community's production and investment activities in Viet Nam, saying that the Vietnamese Government was willing to listen to the US businesses' opinions. The PM noted that the Vietnamese Government would accompany US businesses to solve difficulties and successfully implement their investment … [Read more...] about Viet Nam promises optimal conditions for US enterprises: PM
Vietnam – Belgium traditional friendship receives renewed support
The two countries officially established diplomatic ties on March 22, 1973, just two months after the Paris Agreement on ending the war and restoring peace in Vietnam was signed. Vietnam will long remember the wholehearted assistance from the Belgian government and people for its post-war reconstruction and recovery efforts. Over the past five decades, bilateral partnerships have flourished in various spheres, particularly politics - diplomacy, trade, agriculture, education - training, science and technology, and development cooperation at the federal, regional, and community levels. Belgium always attaches importance to relations with Vietnam and has established itself as an international partner substantially contributing to the Southeast Asian country’s successes via development cooperation programs. The two sides have also actively coordinated with each other at multilateral forums, especially the United Nations, the Asia - Europe Meeting (ASEM) and ASEAN - E.U. frameworks. … [Read more...] about Vietnam – Belgium traditional friendship receives renewed support
Can Tho, India cultivate multifaceted cooperation
Speaking at the event, Vice Chairman of the municipal People’s Committee Nguyen Thuc Hien suggested orientations for bilateral cooperation in hi-tech agriculture, processing industry, investment, tourism, health care, education - training and information technology. He wished for India’s support to hold the "India - Can Tho city" networking conference with an aim to connect Indian importers with local exporters of rice, seafood, farm produce and processed agricultural products, as well as popularize the city’s tourism. Can Tho plans to arrange a trip to India in May for a delegation of investment, trade and tourism promotion officers, he said, suggesting that the Indian side helps the delegation hold a working session with the Indian Institute of Technology to invite Indian investors to Can Tho's concentrated IT zone. The host also wished to visit and share experience in economic and tourism development with authorities of a suitable locality. Sethi, for his part, pledged to … [Read more...] about Can Tho, India cultivate multifaceted cooperation
Vietnam to host 17th World Congress on Engineering Asset Management
Hanoi (VNA) - The 17th World Congress on Engineering Asset Management will take place in Ho Chi Minh City, from 18-20 October 2023. Themed “ Industry 4.0 , Digital Transformation , Society 5.0 and beyond”, the event is hosted and organised by the International Society of Engineering Asset Management (ISEAM), RMIT Vietnam and the Asset Institute. The World Congress on Engineering Asset Management (WCEAM) will bring together academic, policy and industry expertise from diverse economies, geographies, public and private industry sectors to proffer discourse on how to exploit 4IR technologies to sustainably manage engineered assets in a manner consistent with Society 5.0 ideals. The activities, annual meetings, and events of WCEAM provide opportunities for educators, policymakers, practitioners, researchers, and trainers to engage in intellectual discourse on the development and advancement of the body of knowledge and practice of managing engineered assets. It is … [Read more...] about Vietnam to host 17th World Congress on Engineering Asset Management
Dragon fruit export turnover reaches 47 million USD
Export turnover of Vietnamese dragon fruit is expected to top 1 billion USD in 2023./. Hanoi (VNA) – The Ministry of Agriculture and Rural Development has announced that the country's total export value of dragon fruit so far this year topped 47 million USD, a fall of 48.7% compared to the same period las year. The fruit has been exported to more than 40 countries and territories with China, India, the US, Thailand and the Netherlands being the biggest import ers. However, in the first two months of 2023, its export saw a slump in some markets such as the Republic of Korea (RoK) and Japan with decreases of 25.9% and 35.4%, respectively year-on-year. However, the export of the fruit is expected to bounce back as China - the biggest importer with 70% from Vietnam - has reopened its door. Export turnover of the fruit is expected to top 1 billion USD in 2023./. VNA … [Read more...] about Dragon fruit export turnover reaches 47 million USD
JICA supports the upgrade of Vietnam’s equity market
This was one of the events to celebrate the 50th anniversary of the establishment of Vietnam-Japan diplomatic relations and 30th anniversary of Japan’s Official Development Assistance (ODA) to Vietnam. Nearly 150 participants from related ministries and agencies, as well as Vietnamese and Japanese companies attended the seminar. In the event, after the presentation by the State Securities Commission (SSC) and discussions on the said strategy, JICA’s consultant team - Japanese experts from Daiwa Institute of Research, and other institutions including Japan Exchange Group and Nomura Research Institute - provided reviews of the Project and policy recommendations for the new development strategy of Vietnam’s securities market. Notably, the seminar welcomed a keynote speech from the Commissioner of Japan Financial Services Agency (JFSA) about “Japan's efforts to develop the securities market,” which could lay many lessons learnt for Vietnamese stakeholders. This Technical Cooperation … [Read more...] about JICA supports the upgrade of Vietnam’s equity market
Vietnam continues to push for stronger ties with US: PM
Vietnam considers the US as one of its most important partners and welcomes the US to support a strong, independent, and prosperous Vietnam. Vietnam aims to enhance the Comprehensive Partnership with the US, focusing on mutually beneficial outcomes that generate employment opportunities and growth for both nations. Overview of the meeting. Photos: Nhat Bac “Such an effort would contribute to supporting global and regional stability, cooperation, and development while promoting peace and harmony.” Prime Minister Pham Minh Chinh stressed the remarks during a meeting with a delegation of the US-ASEAN Business Council (USABC) today [March 22]. At the meeting, Chinh welcomed a delegation of over 50 large US enterprises to visit and work in Vietnam, coinciding with the 10th anniversary of the Vietnam-US Comprehensive Partnership (2013-2023). The Prime Minister expressed gratitude to the US Government and businesses for their support in providing vaccines and … [Read more...] about Vietnam continues to push for stronger ties with US: PM
Finland aims to attract high-quality human resources from Vietnam
Vietnam is one of the four countries from which Finland is aiming to attract high-skilled personnel through a talent-seeking program that has been introduced in Ho Chi Minh City. The Commercial Section of the Finnish Embassy in Vietnam held a conference on Tuesday in Ho Chi Minh City to debut the Talent Boost program, which helps seek high-quality human resources from Vietnam, as well as from Brazil, Turkey, and India. The program was presented by a Finnish delegation involved in education and work, including Laura Lindeman, senior director and head of work in the Finland Unit at Business Finland, a government organization for innovation funding and trade, travel and investment promotion. Under the program, Finland attracts talents from students to professionals such as doctors, nurses, information technology and clean engineers, and start-up entrepreneurs, Lindeman said. Those who are professionals will undergo procedures for diploma recognition, which will take about a year, … [Read more...] about Finland aims to attract high-quality human resources from Vietnam