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
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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
Minister hopes U.S. becomes biggest investor in Vietnam
He made the remark at a meeting with a business delegation of the U.S. - ASEAN Business Council (USABC) in Hanoi on March 21. Highlighting the two countries’ comprehensive and fruitful relations, Minister Dung said the U.S. is currently the second largest trading partner and one of the leading export markets of Vietnam. It is also an important ODA provider and the 11th biggest among the 142 countries and territories investing in the Southeast Asian nation. Vietnam highly values the fruitful investment and business activities of U.S. investors and hopes they will maintain their trust and expand investment, trade, and development cooperation in the country, he noted. The official was of the view that there is huge cooperation potential in the fields of green growth, digital economy, science - technology development, and innovation, adding that Vietnam encourages and prioritizes quality and focus-driven foreign direct investment. The country is also implementing policies to help … [Read more...] about Minister hopes U.S. becomes biggest investor in Vietnam
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
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
Prime Minister calls on youth to play pioneering role
Prime Minister Pham Minh Chinh asked the youth of Vietnam to play a pioneering role while chairing a hybrid dialogue with young people nationwide on March 22. PM Pham Minh Chinh presents flowers to congratulte the Ho Chi Minh Communist Youth Union on its 92nd anniversary at the dialogue on March 22. (Photo: VNA) The dialogue focused on three topics: education and training for the building of high-quality young human resources meeting requirements of the Fourth Industrial Revolution, improving physical health and the cultural and spiritual life of the youth, and creating an environment for the young to make self-improvement, start careers, and innovate. In his message to over 20 million young Vietnamese people both at home and abroad, PM Chinh affirmed that the Party and State always attach importance to the youth’s role in national development and safeguarding, and that throughout history, the youth have always played a crucial part as late President Ho … [Read more...] about Prime Minister calls on youth to play pioneering role
ASEAN can grow inclusively, sustainably
Chief executive for capital markets, financial derivatives, and carbon exchange supervision of the Financial Services Authority (OJK), Inarno Djajadi, at the 38th ACMF Chairs’ Meeting, which was held in a hybrid format in Yogyakarta on March 20, 2023. (Photo: ANTARA) Jakarta (VNA) - The Financial Services Authority (OJK) of Indonesia , as the chair of the 2023 ASEAN Capital Market Forum (ACMF), is optimistic that ASEAN can achieve fast, inclusive, and sustainable economic growth . He said that the ACMF, as a regional capital market regulatory group, can contribute to ASEAN countries' economic transition toward a low-carbon economy , especially in the six sectors prioritized in the ASEAN Taxonomy Version 1. According to Djajadi, ACMF will also develop a transition guideline so that companies can carry out the transition process in a transparent and credible manner. This year, ACMF is looking forward to launching the Sustainable Finance Knowledge … [Read more...] about ASEAN can grow inclusively, sustainably
Vietnam’s Dien Bien to close airport for 8-month expansion project
Vietnam's Ministry of Transport has issued a decision to temporarily shut Dien Bien Airport in the namesake northern upland province for eight months for an upgrade and expansion, starting from mid-April. The airport, located in Thanh Truong Ward in Dien Bien Phu City, will be closed from April 15 to December 17 this year. The current Dien Bien Airport was restored from Muong Thanh Airport, which was constructed by the French. The airport has a runway which is 1,830 meters in length and 30 meters in width, three aprons, and a passenger terminal that was built in 2004 and has an annual capacity of 300,000 passengers. Due to the short runway and simple landing systems, Dien Bien Airport only serves ATR 72 turboprops and Embraer 190 jets, which can transport a maximum 114 passengers. The Dien Bien Airport expansion project is aimed at making it capable of handling modern Airbus A320 and A321 aircraft and the equivalent airliners. VASCO, a subsidiary of national flag carrier … [Read more...] about Vietnam’s Dien Bien to close airport for 8-month expansion project
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
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