It is the VUFO’s most noble distinction honoring Park's significant contribution to the Vietnamese football and the friendly and cooperative relations between the people of Vietnam and the Republic of Korea (RoK). Speaking at the event, Nguyen Phuong Nga said the bilateral ties have become a successful model based on political trust, vibrant economic cooperation, and a close attachment in people-to-people exchanges. She attributed that to the important contribution of people’s organizations and individuals from both countries, including Park. As the head coach of the Vietnamese national football team from 2017 to 2022, Park trained and improved the talent of players, helping them gain confidence and bring glory to Vietnam at regional and international tournaments, including winning the 2018 AFF Cup championship, two gold medals in men's football at the 30th SEA Games in 2019 and the 31st SEA Games in 2021, becoming the second runner-up at the 2018 U23 Asian Cup, securing the fourth … [Read more...] about Coach Park Hang-seo awarded VUFO’s friendship insignia
Health insurance
Support to continue in form of VAT cut
The National Assembly (NA) will discuss the VAT reduction from the existing 10 per cent rate to 8 per cent on June 1 before receiving an approval from NA deputies in a resolution slated for June 24, the last day of the ongoing fifth session. The VAT cut proposed by the government is set to be applied from July 1 to the end of 2023 for all types of goods and services currently subject to a 10 per cent VAT rate. The initiative is part of Resolution No.43/2022/QH15 released early last year on fiscal and monetary policies supporting the Programme on Socioeconomic Recovery and Development. Consumers of many types can benefit from VAT cuts, photo Le Toan Under Resolution 43, the 2 per cent cut was applied last year for goods and services subject to a 10 per cent rate, except for various goods and services such as telecommunications, IT, financial and banking activities, securities and insurance, trading of real estate, metal and precast metal products, mining products … [Read more...] about Support to continue in form of VAT cut
Responsible businesses for Vietnam’s thriving next generation: forum
VCCI Vice Chairman Nguyen Quang Vinh speaks at the forum. (Photo: VNA) Hanoi (VNA) - A Child Rights and Business Forum was organised in Hanoi on May 30 by UNICEF Vietnam and the Vietnam Chamber of Commerce and Industry ( VCCI ), emphasising the need for responsible business practices that respect child rights and prevent adverse human rights impacts. “Children are both the present and the future, and business practices cannot be sustainable if they do not account for their impact on children”, said Rana Flowers, Representative of UNICEF in Vietnam. “It requires children to be a key consideration in Environmental, Social, and Governance (ESG) assessments – where impacts and risks are assessed objectively, and key practices identified that can minimise those risks and create a positive impact for children. It will improve competitiveness and sustainability, it will win the support of stakeholders, especially investors, who are socially conscious and looking at ESG risks … [Read more...] about Responsible businesses for Vietnam’s thriving next generation: forum
Current trends guarantee big growth in Vietnam – US trade, investment: USABC leader
Vietnam was the 8th largest trade partner and the largest ASEAN exporter of the US in 2022. (Photo: VNA) Hanoi (VNA) – The current trends in economic and trade cooperation between Vietnam and the US guarantee big growth in two-way trade and investment in next 10 years and warrant upgrading the partnership to a strategic level, said Ted Osius , President and CEO of the US - ASEAN Business Council ( USABC ). In an interview granted to the Vietnam News Agency ahead of the 10th anniversary of the two countries’ comprehensive partnership (July 2013 - 2023), the former US Ambassador to Vietnam said trade and investment play a big role in this relationship. The US is Vietnam’s second largest trading partner and biggest export destination. In 2022, bilateral trade reached a record high of 138.9 billion USD. Vietnam was the 8th largest trade partner and the largest ASEAN exporter of the US. The US was the biggest export market of Vietnam last year. Vietnam’s annual export to … [Read more...] about Current trends guarantee big growth in Vietnam – US trade, investment: USABC leader
Vietnam’s T&T Group, RoK’s DB Group seal cooperation deal
At the signing ceremony. — Photo hanoimoi.com.vn The Republic of Korea's conglomerate DB Group on Tuesday announced it has signed a memorandum of understanding (MOU) on business cooperation with Viet Nam's T&T Group. The two have agreed to share their infrastructure and know-how in Viet Nam, and to enhance mutual synergy through various collaborations. T&T Group, established in 1993, is a leading Vietnamese company engaged in various businesses, including financial services, energy, trade and real estate. It has over 200 subsidiaries and employs around 80,000 people. DB Group's Viet Nam business is led by DB Insurance. Its property and casualty insurance unit was established in 1984. DB Insurance made a leap forward in Viet Nam's market by acquiring PTI Insurance in 2015, becoming the third-largest insurance company in terms of market share in the Southeast Asian country. — VNS … [Read more...] about Vietnam’s T&T Group, RoK’s DB Group seal cooperation deal