Kim Højlund Christensen, Danish Ambassador to Vietnam With the return of tourism and trade activities, can you see any movement from business and investment promotion delegations that are going to visit Vietnam? The Vietnamese government’s recent decision to lift entry restrictions and especially to resume the visa-exemption travel programme for countries, including Denmark, is great news and positively welcomed by the Danish business community. Many Danish companies are already planning their visits to Vietnam this month and early next month to meet with their local business partners in person. At present, there are over 130 Danish companies represented in Vietnam. Therefore, there will be a large number of business visitors and delegations from headquarters in Denmark or other locations in the region coming here in the near future to visit their production facilities or to find new investment opportunities. Besides that, we also expect to have trade delegations visit our … [Read more...] about Danish investors pinpointing rising potential of Vietnam’s green energy
How work is related to power
Legislation review necessary to increase tempo on public disbursement activities
Legislation review necessary to increase tempo on public disbursement activities, illustration photo/ baodautu.vn Assoc. Prof. Pham The Anh from the National Economics University said that changing the slow disbursement of public investment would be very challenging because of legal risks and responsibility. “I don’t think the slow disbursement is due to the lack of motivation by those responsible for the implementation,” said Anh. “In the past two years, the bottlenecks in public investment were related to the legal environment,” he added, citing legal problems in land clearance. “The Vietnamese government still has the ability to keep up with the disbursement speed by reviewing the legislation related to public investment decisions.” In 2022, the government expects to disburse $17.69 billion according to Decision No.2048/QD-TTg dated December 6, 2021 on assigning state budget investment for 2022. “The latest directives are aimed at disbursing public investment on schedule … [Read more...] about Legislation review necessary to increase tempo on public disbursement activities
Vietnamese tech retailers manage to survive Covid-19 pandemic
Many retailers in phone and electronics segments focus on developing online channels to survive during the coronavirus pandemic period. To survive adverse effects of the coronavirus pandemic, many Vietnamese tech retailers have quickly boosted their sales on online platforms as their physical stores nationwide have to close until April 15 to comply with the prime ministerial directive stipulating measures to combat the pandemic. Photo: MWG Significant demand on tech products Mobile World Investment JSC (MWG), the largest tech retailer in Vietnam, saw a surge in demand in online shopping since the beginning of April as more than 10% of its 2,000 phone and electronics stores, mainly in Hanoi, have to close. Dang Thanh Phong, PR manager of MWG, told Hanoitimes that its revenue from online sales accounted for 13% of the total phone and electronics revenue in March, higher than that of the previous months. Due to the closure of its stores, sales in … [Read more...] about Vietnamese tech retailers manage to survive Covid-19 pandemic
Lawmakers deal with overlap in inspection and draft mobile police law
Participants at the third session of the 15th National Assembly on Thursday morning. — VNA/VNS Photo HÀ NỘI — The 15th National Assembly heard a report on and debated the draft Law on Inspection (amended) on Thursday morning as part of its ongoing third session. Most of the participants agreed on the need to amend the Law on Inspection but there were some different opinions on the regulations on the system inspection agencies. The current inspection agency system includes Government Inspectorate and inspectorates at provincial and district levels. Regarding the district-level inspectorate system, there are two different opinions on this system. The first opinion supports maintaining the operation of the district-level inspection system and the second opinion wants to stop inspection activities at the district level. Inspector General of Government Inspectorate Đoàn Hồng Phong said lawmakers proposed to maintain the district-level inspectorate in the … [Read more...] about Lawmakers deal with overlap in inspection and draft mobile police law
MoIT agency plays leading role in industry and trade development
The agency is reviewing the organizational structure, functions and tasks of local industry promotion centers while proposing solutions to enhance local industry promotion activities and policies, and working with related units to plan the 2022 national industry promotion funding allocation. Inspecting and evaluating the implementation of industry promotion projects The Agency for Regional Industry and Trade acts as a bridge with localities to ensure that directives issued by the Ministry of Industry and Trade are strictly and effectively implemented. Last year, the agency closely coordinated with localities to implement the National Industry Promotion Program with a total budget of VND75.641 billion. The program encouraged rural industrial enterprises to modernize production technology gradually, creating products of greater value and competitiveness, which also helped local businesses stabilize production during the pandemic. The ARIT will continue providing … [Read more...] about MoIT agency plays leading role in industry and trade development
Vietnam, Japan beef up ground forces cooperation
Deputy Chief of the General Staff of the Vietnam People's Army (VPA) Lieutenant General Nguyen Van Nghia and Chief of Staff of the Japan Ground Self-Defence Force General (JGSDF) Yoshida Yoshihide inspect the guards of honour. (Photo: VNA) Tokyo (VNA) – Deputy Chief of the General Staff of the Vietnam People's Army (VPA) Lieutenant General Nguyen Van Nghia joined talks with Chief of Staff of the Japan Ground Self-Defence Force General (JGSDF) Yoshida Yoshihide on May 25, during his working visit to Japan. The two sides highly valued achievements obtained in the cooperation of the countries’ ground forces, which contribute to the extensive, practical and efficient development of the Vietnam-Japan bilateral defence cooperation. Lt. Gen. Nghia affirmed that the VPA General Staff stands ready to join hands with the JGSDF in the effective implementation of cooperation programmes, including capacity building in United Nations peacekeeping operations; search and rescue; and … [Read more...] about Vietnam, Japan beef up ground forces cooperation