High profit agriculture business

He was speaking during a meeting with the US business community in Washington DC on May 12 (US time), as part of the Vietnamese leader’s trip to the US. The meeting was held by the US-ASEAN Business Council and the US Chamber of Commerce. PM Chinh affirmed that Vietnam always considers the US as a leading, important partner. He said the impressive growth of bilateral trade of between 17-20 per cent a year proves that there remains ample room for economic development between the two countries. Prime Minister Pham Minh Chinh meets US investors and business leaders in Washington DC on May 12 (US time) — VNA/VNS Photo Vietnam is the ninth largest trading partner of the US. Two-way trade turnover between the two countries in 2021 reached nearly US$112 billion in spite of difficulties caused by the COVID-19 pandemic, the PM said. PM Chinh added that Vietnam is focusing on technology renovation, digital transformation and diversification of the supply chain. The … [Read more...] about PM Chinh meets US business community

Customers conduct transactions at a branch of Vietcombank in Hanoi. (Photo: VNA) Hanoi (VNA) – Hoa Phat Group and four commercial banks of Vietnam have been named in this year’s Forbes list of the world’s 2,000 largest companies (Global 2000). ranking , Joint Stock Commercial Bank for Foreign Trade of Vietnam ( Vietcombank ) ranks at the 950th position while Vietnam Technological and Commercial Joint Stock Bank (Techcombank) stands at 1,874th. Global 2000 recorded a total of 47.6 trillion USD in revenue, 5 trillion USD in profits, 233.7 trillion USD in assets, and 76.5 trillion USD in market capitalisation. VNA … [Read more...] about Hoa Phat Group, four Vietnamese banks among world’s 2,000 largest companies

At a Saturday conference in Harvard University on Vietnam's development strategy in the 21st century, Prime Minister Pham Minh Chinh said Vietnam's economy has expanded into the fourth largest economy in ASEAN and among the world's top 12 economies with the largest scale of commerce. The country also takes part in 15 active FTAs, he said. Economist David Dapic said Vietnam taking part in FTAs was a major success. Millions of farmers have moved on to work in factories as a result. But the fact that most materials for production are imported from China is a weakness, he added. When the Covid-19 pandemic broke out, borders were closed and there was commercial tension, Vietnam's exports were affected, Dapic said. Vietnam's trade turnover with the U.S. may reach $100 billion this year. Such a figure might be small for the U.S., but Vietnam should take note to remain in constant communication and avoid being accused of currency manipulation, he advised. Nguyen Thi Hong, head of the … [Read more...] about Avoid unworthwhile investments, try estate taxes, Vietnam advised

World champion Carlos Edriel Yulo bags the gold medal in the men’s rings on May 15. Inquirer/ANN Photo Thanh Hà fcProving that gymnastics is a gold mine for Team Philippines, Carlos Edriel Yulo won two gold medals and Filipino-American Aleah Finnegan took another on May 15 in Hà Nội. Yulo, the two-time world champion, opened the day’s competition at Quần Ngựa Sports Palace with an electrifying performance in floor exercise, the event he won the 2019 Worlds. He grabbed 15.200 points for his second gold of the meet, highlighting his all-around triumph. Singapore’s Terry Tay Wei An took silver (14.033) and Vietnamese Trịnh Hải Khang bagged the bronze (14.000). Yulo followed up the performance with an impressive triumph in rings for his third gold medal. The 22-year-old scored 14.400 to defeat two Vietnamese athletes, Nguyễn Văn Khánh Phong (13.800) and Lê Thanh Tùng, to hold the bench lead. He said he was very happy because he didn’t expect to win. But he was proud of … [Read more...] about Yulo, Finnegan secure three golds for Filipino team

Nguyễn Thị Oanh of Việt Nam won the women's 3,000m steeplechase event on May 15. VNA/VNS Photo Huy Hùng Thanh Hà Felisberto de Deus won Timor Leste's first SEA Games medal while Nguyễn Thị Oanh of Việt Nam completed a title hat-trick in athletics on May 15 in Hà Nội. Oanh finished first in the women's 3,000m steeplechase with a time of 9min 52.46sec, setting a new Games record. Reigning champion Oanh separated from the pack from the first steps. She made an outstanding solo burst for the finish line, leaving all others far behind. Oanh was surprised looking at the electric board and found that her result was a new record. "I could not believe it is a record," Oanh told the media. "I am so happy with this result. We have prepared much for the tournament," said Bắc Giang-born Oanh. “I made it, it was so wonderful," Oanh yelled in front of many supporters at the Mỹ Đình Gymnasium. It was Oanh's third gold this SEA Games, making her the current best athlete. … [Read more...] about Oanh wins hattrick, de Deus brings Brunei first medal

A microplastic fibre is zoomed 50 times by a microscope. A group of biologists and researchers found microplastic contamination in the air of Đà Nẵng in 2021-22. Photo courtesy of Trịnh Đăng Mậu Công Thành ĐÀ NẴNG — Microplastic pollution in the air in both inner and suburban areas of the central city of Đà Nẵng has become serious. Microplastics can go directly into the lungs during daily activities. A group of biologists and researchers from the University of Science and Education under Đà Nẵng University has reported their independent survey and research on microplastic pollution in the central hub, the first of its kind in central Việt Nam. Common types of microplastics in the air that had been collected in a four-month survey in six districts of Đà Nẵng City between 2021-22 were only observed by microscope with sizes from 850 to 900 micrometres. Smaller fibres from 300mr to 600mr accounted for nearly 40 per cent of the total samples collected. Plastic bottles and … [Read more...] about Microplastic pollution found in Đà Nẵng air

Hoa Phat Group is the only Vietnamese production firm in the Top 2,000 largest companies in the world in 2022 (Global 2000). Photo courtesy of the firm Hoa Phat Group had the highest revenue and profit among five Vietnamese firms listed in the Top 2,000 largest companies in the world in 2022 (Global 2000) announced by Forbes. It is also the only Vietnamese production firm in the list. Forbes collected the latest financial data as of April 22, 2022 to rank businesses globally according to four criteria including revenue, net profit, total assets and market capitalisation. The other Vietnamese firms included in the list are all banks: Vietcombank, Vietinbank, BIDV and Techcombank. In 2021, Hoa Phat recorded VND150.8 trillion (US$6.5 billion) in revenue and reached a net profit of VND34.5 trillion for the first time, up 65 per cent and 156 per cent respectively compared to 2020. Its net profit margin in 2021 reached 23 per cent. Its total contribution to the State budget last … [Read more...] about Hoa Phat Group listed in Forbes’ Top 2,000 largest firms in the world

PM Chinh highlighted Kerry’s heartfelt sentiments towards the country and people of Vietnam, as well as his responsibility and enduring contributions to Vietnam-U.S. relations over the past years. He also praised Kerry for his role in building the two-Party consensus in the U.S. in supporting the relationship with Vietnam, especially the settlement of war consequences – part of the process of reconciliation and trust-building between the people of the two countries. Vietnam consistently pursues a foreign policy of independence, self-reliance, peace, friendship, cooperation, development, multilateralization and diversification of relations, and being a good friend and a reliable partner of countries worldwide, and an active, responsible member of the international community, the PM affirmed. During the process, Vietnam always considers the U.S. a leading important partner, and wants to work together with the U.S. to promote the bilateral ties on the basis of respect for each … [Read more...] about Prime Minister receives U.S. Special Presidential Envoy for Climate

Prime Minister Pham Minh Chinh (right) and US Special Presidential Envoy for Climate John Kerry . (Photo: VNA) Boston (VNA) – Prime Minister Pham Minh Chinh met with US Special Presidential Envoy for Climate John Kerry in Boston on May 14 (local time) as part of his working trip to the US. PM Chinh highlighted Kerry’s heartfelt sentiments towards the country and people of Vietnam, as well as his responsibility and enduring contributions to Vietnam-US relations over the past years. He also praised Kerry for his role in building the two-Party consensus in the US in supporting the relationship with Vietnam, especially the settlement of war consequences – part of the process of reconciliation and trust-building between the people of the two countries. Vietnam consistently pursues a foreign policy of independence, self-reliance, peace, friendship, cooperation, development, multilateralisation and diversification of relations, and being a good friend and a reliable … [Read more...] about Prime Minister receives US Special Presidential Envoy for Climate

Decisive factors Cybersecurity plays an important role in accelerating the national digital transformation process. According to Trinh Ngoc Minh, a member of the Executive Committee of Vietnam Information Security Association’s (VNISA) southern branch, Vietnam has significantly improved its data privacy protection capabilities and was listed among the top 25 countries and territories (out of 194) in the 2020 Global Cybersecurity Index (GCI). Minh said investment and interest in Vietnam's cybersecurity have been growing, with spending in this field increasing 50 percent and numerous domestically developed information security products put into use. Minh explained that a cybersecurity powerhouse is able to affect the world's cybersecurity system, pointing to the US, Russia and Israel as outstanding examples of such powers. Sharing Minh’s view, Vice Chair of VNISA and Deputy Chair of Bkav, Ngo Tuan Anh, said Vietnam boasts a highly qualified IT (information technology) … [Read more...] about Vietnam’s path to becoming a cybersecurity powerhouse