Hong kong market economy

Approximately 100 tonnes of Vietnam’s ST25 rice has hit the shelves of Japanese supermarket chain in order to serve both Japanese consumers and Vietnamese nationals residing and studying in the Far East country. Vietnamese Ambassador to Japan Vu Hong Nam (left) and President of Tokyo Financial Group at the event to promote Vietnam's ST25 rice The presence of ST25 rice in the Japanese market is part of trade promotion activities aimed at boosting the export of high-quality Vietnamese rice to demanding markets throughout the world. Vietnamese Ambassador to Japan Vu Hong Nam pointed out that, despite the nation being the world’s largest rice producer, Vietnamese rice exporters are required to meet the 600 stringent technical standards to penetrate the Japanese market. The Vietnamese diplomat assessed that the introduction of Vietnamese rice in the fasdious market has been a great success for both local manufacturers and businesses. Watanabe Hisanobu, … [Read more...] about High-quality Vietnamese rice ST25 goes on sale in Japanese market

Half of the dead victims are Vietnamese sailors. At least five Vietnamese people died and seven others were injured in a chlorine gas leak from a storage tank at Aqaba Port, Jordan this week. Gas explosion at Aqaba Port, Jordan on June 27. Photo: Mathrubhumi News Screengrab The Vietnamese mission in Saudi Arabia and Jordan is requesting Jordan authorities to expedite visa procedures so that the affected people’s relatives could fly to Jordan for funerals and to bring back the remains of the victims who worked for Hong Kong-flagged Forest 6 VRUK3 vessel. The Vietnamese victims are among 13 lives claimed in an explosion that also injured some other 250 people. In the latest move, Vietnam’s Ministry of Labor, Invalids and Social Affairs asked two labor companies (that sent those workers abroad) to take responsibility for the funerals and the return of remains. A huge explosion of toxic substance occurred when a crane loading chlorine tanks onto a ship in … [Read more...] about Poisonous gas leak in Jordan: Five Vietnamese die

Always an alluring event for the engineering and manufacturing community On its 18 th return, MTA Vietnam 2022 - a prestigious international exhibition on machine tools, precision mechanics, and metalworking - will take place over four days from July 6 to 9 at the Saigon Exhibition and Convention Centre, 799 Nguyen Van Linh Road, District 7, Ho Chi Minh City. This exhibition is expected to provide value and interesting experiences for individuals and enterprises in the engineering and manufacturing industry. MTA Vietnam allures many enterprises and groups During their visit to the MTA Vietnam 2022 exhibition, attendees will have the opportunity to meet more than 250 prestigious exhibitors from within the country and 12 other nations and territories around the world that are considered the powerhouses of advanced technology such as Germany, the US, the UK, Japan, South Korea, Sweden, Switzerland, China, Singapore, Taiwan, Thailand, and Hong Kong, among … [Read more...] about MTA Vietnam: An exhibition of interest to the engineering and manufacturing community

The Vietnamese Ministry of Labor, War Invalids, and Social Affairs has recently asked relevent agencies and businesses to provide support for five Vietnamese nationals who were killed and seven others injured by chlorine gas released by a dropped tank at Jordan’s Port of Aqaba on Monday. The Vietnamese victims had been working on the Hong Kong-registered Forest 6 vessel when the chlorine tank fell from a crane onto its deck, said the Vietnamese Embassy in Saudi Arabia concurrently with Jordan on Wednesday. The Department of Overseas Labor has requested companies that have provided seafarers to the ship to urgently supply necessary support to the wounded crew members and the families of the dead in the accident. Agencies concerned will announce the names and other details of the Vietnamese victims in the toxic gas blast, the department said, adding that any wounded victim wishing to be repatriated should be supported by the companies in conjunction with relevant agencies. These … [Read more...] about Vietnam’s labor ministry requests support for Vietnamese victims in toxic gas leak in Jordan

National Assembly Chairman Vuong Dinh Hue holds talk with the Prudential management led by chairwoman Shriti Vadera, Interim Group CEO Mark FitzPatrick and Prudential Vietnam CEO Phuong Tien Minh, during his visit to the UK. — VNA/VNS Photos Doan Tan Photos Doan Tan Prudential plc executives called on National Assembly Chairman Vuong Dinh Hue and the high-level delegation he led to Britain to attend the Vietnam – UK High-level Forum on Economy and Trade to discuss the Vietnamese Government’s priorities and the role of insurers in increasing financial inclusion in the country. This meeting was aimed at strengthening relationships and underlining Prudential’s commitment to Viet Nam. After the two-year-long COVID-19 pandemic, Prudential is focusing on building a resilient business to best serve its customers. Insurers like Prudential play an important role in developing innovative savings and protection products to meet Vietnam’s evolving needs while strengthening and deepening … [Read more...] about National Assembly chief Vuong Dinh Hue meets Prudential brass during UK visit

Vietnam wants to learn from the experience of developed countries, including the U.K., in developing a financial center, National Assembly Chairman Vuong Dinh Hue told the Acting Mayor of the City of London Peter Estlin. He noted that the city of London was one of the biggest financial centers in the world. Hue met Estlin during his June 28-30 official visit to the U.K. Estlin said the U.K. was willing to partner with Vietnam at different levels, including developing a financial market and improving its business credit rating to grow the bond market. He also expressed support for a partnership between U.K. banks and Vietnamese counterparts to help Ho Chi Minh City become a financial center. In a draft plan published last February, HCMC seeks to establish an international financial center by 2030 with three main components: a monetary and banking market; a capital market; and a derivatives market. … [Read more...] about Vietnam seeks UK assistance for HCMC financial center

Dao Minh Chanh, Deputy Director of the municipal Department of Planning and Investment, said E.U. countries are investing in 2,724 projects in HCM City, mostly in the fields of manufacturing and processing, retail and wholesale, motor and automobile repair and maintenance, and information and communications. Worth a total of 7.69 billion USD, they account for 10.27% of FDI in the city, he said. HCM City has constantly improved its business climate and adopted various incentives to encourage more FDI, he said, adding that most notably among the incentives include reductions in corporate income tax, import-export duties and land lease. Vo Van Hoan, Vice Chairman of the municipal People’s Committee, highlighted the importance of the E.U.-Vietnam Free Trade Agreement (EVFTA) which has entered into force, saying it has brought great and balanced benefits to both sides and there is a huge opportunity for Vietnam and the E.U. to step up bilateral economic cooperation. With the E.U.’s … [Read more...] about HCM City calls for E.U. investment in nearly 200 projects

The price of popular gasoline RON 95 decreased by VND110 to VND32,760 per liter, while that of biofuel E5 RON 92 fell VND410 to VND 30,890 ($1 = VND23,280). The prices of other fuels, including kerosene, diesel and mazut were also lowered by 1.5-5.1 percent. Prices of finished petroleum products on the global market fell by 0.8-6.6 percent since the last adjustment on June 21. To cope with the skyrocketing prices, the Ministry of Finance has proposed cuts in environmental, excise and value-added taxes on gasoline. If approved by the Standing Committee of the National Assembly, the environmental tax cut of VND500-1,000 is expected to take effect early August. Lowering excise and value-added taxes will have to wait for a greenlight from the National Assembly. Its upcoming session is scheduled for October. … [Read more...] about Gasoline prices fall for first time in ten weeks

Hanoi (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency on June 30. - Local media of Hungary have highlighted the visit by National Assembly Chairman Vuong Dinh Hue, which was made from June 26-28 at the invitation of Speaker of the Hungarian NA László Kövér. Read full story - Vietnamese representatives reaffirmed their country’s commitments to develop blue and sustainable oceans when attending the United Nations Ocean Conference (UNOC) held in Lisbon from June 27 to July 1. United Nations Ocean Conference (Photo: VNA) Addressing the UN Conference to Support the Implementation of Sustainable Development Goal 14 (SDG14): Conserve, sustainably use the oceans, seas and marine resources for sustainable development, Deputy Foreign Minister Pham Quang Hieu emphasised the need to fully and effectively implement the UN Convention on the Law of the Sea (UNCLOS) - a comprehensive legal framework for all activities at sea and a … [Read more...] about ☕ Afternoon briefing on July 1

Dr Moritz Kraemer Dr Moritz Kraemer, the former Global Chief Ratings Officer of Sovereign Ratings Group at S&P Global and currently the Chief Economist, Head of Research of the Landesbank Baden Wuerttemberg (“LBBW”) bank, shared his view of the country and the current global situation with Vietnam News Agency. The pandemic remains unpredictable, and the world is experiencing strong and unusual economic and political changes, could you share your views on the situation? Yes, the world is in turmoil. A terrifying war in Europe could escalate to the unspeakable any day. The pandemic is still a lingering threat that keeps the world economy, and especially some countries in Asia, at bay. The old model of globalisation is severely tested as erstwhile reliable supply chains are ruptured and seem to refuse to heal. Moreover, as if that was not enough, inflation appears to be getting out of hand in much of the advanced economies as commodity prices soar and labour becomes … [Read more...] about Viet Nam shows ‘seemingly limitless promise’