Imports from vietnam

The CEO and Regional Head, Client Coverage, Americas, Standard Chartered, shared his view on Vietnam's significance for US businesses and why Vietnam is potential for foreign investors. Vietnam has gone from being a frontier economy in ASEAN to a flourishing, cost-effective industrial nation. Firms and investors looking for new markets to grow, source, or manufacture their products – especially in Asia – should consider Vietnam’s long-term potential and stay updated on its opportunities. Steven Cranwell, CEO and Regional Head, Client Coverage, Americas, Standard Chartered. Photo: Standard Chartered In recent years, Vietnam has benefited from the trade tensions between the US and China. With US companies adopting a ‘China plus one’ approach to their supply chains, the percentage of exports from Vietnam to the US has risen by approximately nine percent between 2018 and 2021. It is, however, important to note that Vietnam has been an alternative to China … [Read more...] about The significance of Vietnam for US businesses and why they should take notice: Standard Chartered

Representatives of the ILO and the Vietnamese partners show the signed Decent Work Country Programme Vietnam 2022 - 2026 on March 28. (Photo qdnd.vn) Hanoi (VNA) – The Decent Work Country Programme Vietnam 2022 - 2026 was signed between representatives of the Vietnamese Government, workers, and employers and the International Labour Organisation (ILO) in Hanoi on March 28. The MoU on the programme was signed by Minister of Labour, Invalids and Social Affairs Dao Ngoc Dung, President of the Vietnam General Confederation of Labour (VGCL) Nguyen Dinh Khang, Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Pham Tan Cong, President of the Vietnam Cooperative Alliance (VCA) Nguyen Ngoc Bao, and ILO Country Director for Vietnam Ingrid Christensen. The country programme provides a cooperation framework for the ILO and the Vietnamese partners until 2026 with a view to ensuring decent and sustainable work for all and that by 2026, Vietnamese people, especially those at … [Read more...] about Vietnam, ILO sign decent work country programme for 2022 – 2026

Vietnam's economic growth continues to be affected by the challenging global economic environment. Vietnam's GDP growth is estimated to expand by 3.32% year-on-year in the first quarter of 2023, the second lowest economic expansion rate during the 2011-2023 period. Dinh Vu Port, Haiphong. Photo: Chien Cong/The Hanoi Times Director of the General Statistics Office Nguyen Thi Huong announced the figure at a press conference today [March 29]. According to Huong, Vietnam's economic performance in 1Q2023 was affected by ongoing complex and volatile changes in the global economy, including persistently high global inflation, slow recovery, and reduced consumption demand from major trading partners. "Of particular concern was the instability of some banks in the U.S. and Europe, which negatively impacted market confidence in the banking system. In addition, central banks continued to raise interest rates and tighten monetary policies, further complicating the … [Read more...] about Vietnam’s GDP growth expands by 3.32% in Q1

US President Joe Biden recognized Vietnam as an important partner, committed to supporting its independence, self-reliance, and prosperity. Vietnam and the US should continue to ensure economic, scientific, and technological cooperation as the core and driving force for bilateral relations. General Secretary of the Communist Party of Vietnam Nguyen Phu Trong at the talks. Source: VNA General Secretary of the Communist Party of Vietnam Nguyen Phu Trong gave the remarks during his phone talks with US President Joe Biden on March 29 on the 10th anniversary of the Comprehensive Partnership. Trong hoped the two nations would uphold their defense-security cooperation agreements, prioritize trade promotion, and explore new cooperation areas such as logistics, digital economy, green transformation, and health. He emphasized the need for intensified collaboration in various fields, including addressing the aftermath of war, UN peacekeeping, information … [Read more...] about Economic – science cooperation key pillar in Vietnam-US relations: Party chief

During the talk, the two sides expressed their delight at the fruitful development of the relations between the two parties and the countries over the past time, especially after the official visit to China by Party General Secretary Nguyen Phu Trong. Both foreign ministers shared the view that the success of Party chief Nguyen Phu Trong’s visit gave a push for the traditional friendship between the two parties and the comprehensive strategic cooperative partnership between the two countries. According to FM Son, Vietnam treasures and gives top priority to the friendly neighborliness and comprehensive strategic cooperative partnership with China. He also emphasized that the two foreign ministries play an important role in urging agencies and sectors to realize the common perceptions of leaders of the two parties and countries. For his part, Chinese State Councilor and Foreign Minister Qin Gang affirmed that China defines relations with Vietnam as an important priority in China’s … [Read more...] about China considers Vietnam a significant partner in various fields

An unbelievable story: A telecommunication business developing high-tech defense industry When Viettel started building its airborne warning system, military units of Vietnam were capable of upgrading old-generation radars only. In the world, only eight countries with strong defense industry sectors were able to build the system from scratch then. Overcoming numerous challenges, Viettel successfully manufactured its first complete radar, which was accepted by the Ministry of National Defense and put into mass production in 2014. Subsequently, the company achieved several significant milestones, such as exporting its radar products labeled "Made by Viettel" in 2017 and producing maritime warning radars that meet the standards of advanced countries in 2018. The radar system was one of many high-tech defense products made by Viettel at the time. Over the last 13 years, the company has researched and produced numerous military and civilian technological "Made in Vietnam" products. … [Read more...] about Viettel – A high-tech defense industrial center of Vietnam

VHT-produced core product ecosystem The system was the last step to complete a core product ecosystem that VHT designed and produced. This was also the last piece among an entire product ecosystem researched and manufactured by Viettel that has been integrated into Vietnam's telecommunications network. The IMS production marked the successful realization of Viettel's Made-in-Vietnam strategy in core telecommunications to ensure information security. Viettel has been, for decades, taking steps to replace imported components with its products. The telecoms corporation, one of the largest in Vietnam, has succeeded in integrating 100% "Made by Viettel" components in its networks, which serves 80 million customers in Vietnam with systems such as the online charging system (OCS), the policy and charging rules function (PCRF), the short message service center (SMSC) and the color ring back tone (CRBT). In order to guarantee network security and optimal network utilization by vendors, … [Read more...] about Viettel succeeds in performing “Made-in-Vietnam” telecommunications network strategy

As part of this partnership, APM Terminals will provide financial, operational, and technical support to HATECO with the aim of facilitating direct imports and exports between Vietnam's north and European and American markets. The project is expected to create attractive opportunities for key customers and cargo owners in the north of Vietnam. APM Terminals announces strategic partnership in Vietnam Tran Van Ky, chairman of HATECO Group, commented that the company is proud to partner with APM Terminals and Maersk, who have been chosen for their aligned visions and capabilities to add value, both commercially and operationally. "This project is the largest and most modern container port facility in Vietnam," Ky said. "We are very pleased to partner with HATECO on this important project and to further our goal of growing where it benefits our customers. We believe in the win-win partnership with HATECO, which will create synergies between local expertise and our … [Read more...] about APM Terminals announces strategic partnership in Vietnam

Vietnam has benefited from the trade tensions between the United States and China. With US companies adopting a China-plus-one approach to their supply chains, the percentage of exports from Vietnam to the US has risen by approximately nine per cent between 2018 and 2021. Steven Cranwell, CEO and Regional Head, Client Coverage, Americas It is, however, important to note that Vietnam was an alternative to China for general manufacturing in Asia long before the pandemic, and its long-term prospects remain bright. Despite the uncertainty of global economic conditions, many remain confident in Vietnam’s outlook. The country’s business-friendly atmosphere, its strategic location as a gateway to other fast-growing markets, the plentiful supply of skilled labour, and the competitive costs and incentives are compelling propositions for companies looking to expand their manufacturing in the region. While Vietnam has yet to host an Apple plant, the country is already home to … [Read more...] about The significance of Vietnam for US businesses and why they should take notice

The exhibition of Yakishime-style ceramics aims to help Hanoi residents and visitors understand the diversity of Japanese culture and appreciate Japanese creativity. The ceramics exhibition titled "Yakishime - Earth Metamorphosis" will be held from April 4 to 20 at the Vietnam National Fine Arts Museum, Hanoi, according to the Japan Foundation Center for Cultural Exchange in Vietnam. The poster of the “Yakishime - Earth Metamorphosis” provided by the Japan Foundation in Vietnam "Yakishime - Earth Metamorphosis" focuses on the ceramic technique of yakishime, the firing of unglazed wares at high temperatures. While one of the most basic means of producing ceramics, yakishime has developed in distinctive directions in Japan. This exhibition introduces an aspect of Japanese culture by examining yakishime from the earliest examples to contemporary works. The earliest known examples of yakishime ware date back to the fourth or fifth century. However, it was not … [Read more...] about Exhibition of traditional Japanese pottery to be opened in Hanoi