At the event (Photo: VNA) HCM City (VNA) – Investors from the Republic of Korea (RoK) in Ho Chi Minh City are facing a number of bottlenecks related to labour regulation and administrative procedures that need to be promptly removed, heard a June 24 dialogue between the municipal leaders and the business community. The collection of seaport infrastructure fees was also pointed to by many participating businesses. From April 1, 2022, all container vehicles entering and leaving the city’s Cat Lai port have to pay an additional fee for using seaport infrastructure. Korean firms proposed the establishment of a monthly gross payment process and a reduction of the fee, given their difficulties from increased logistics costs. Phan Van Mai , Chairman of the municipal People’s Committee, said the southern economic hub is working to recover after two years affected by the COVID-19 pandemic. Such recovery sees a significant contribution of the business communities, including … [Read more...] about HCM City works to clear hurdles for RoK investors
Improve business communication
Festival on OCOP products associated with tourism underway in Hanoi
Nguyen Anh Duong, Director of the Hanoi Promotion Agency (HPA) – the organiser of the event (Photo: VNA) Hanoi (VNA) - A festival promoting the sale of farm produce and handicrafts, recognised by the One Commune One Product (OCOP) programme, in association with tourism opened in Hanoi on June 24 evening. Speaking at the opening ceremony, Nguyen Anh Duong, Director of the Hanoi Promotion Agency (HPA) – the organiser of the event, said that the festival is an opportunity for businesses to popularise their brands, products, and agricultural models associated with ecotourism to visitors and consumers in the capital city, thus contributing to improving brand value, preserving traditional craft villages, and diversifying OCOP products associated with local tourism. Delegates cut ribbon to kickstart the festival (Photo: VNA) The festival comprises 73 booths, including 20 of businesses from other localities across the country. Many activities held on the … [Read more...] about Festival on OCOP products associated with tourism underway in Hanoi
HCM City’s number of firms grows over 26 percent from 2016
A corner of HCM City (Photo: VNA) HCM City (VNA) – The number of businesses in Ho Chi Minh City amounted to 216,170 in 2021, up 26.2 percent from 2016, according to the city’s economic census for last year. Of the total figure, there were 270 State-owned enterprises, down 22.9 percent from 2016. By contrast, the numbers of non-state and FDI enterprises were at 208,609 and 7,291, up 25.1 and 75.2 percent, respectively. The decrease of state-owned firms during this period reflected the policy of the Party and State in arranging, transforming, and equitising the group in order to improve their role and business production efficiency. Among localities, Thu Duc city posted the highest number of operating companies, at 30,729, followed by District 1 (18,184 firms), Tan Binh district (16,745), and Binh Tan district (15,333). According to the municipal Statistics Office, recent years saw an increase in the number of enterprises and an increasing trend of shifting … [Read more...] about HCM City’s number of firms grows over 26 percent from 2016
Hue Festival Trade Fair connects Vietnamese localities
Delegates cut ribbon to open Hue Festival Trade Fair (Photo: VNA) Thua Thien-Hue (VNA) – A trade fair within the framework of the 2022 Hue Festival opened in the central province of Thua Thien-Hue on June 24 evening, offering a good chance for businesses in the province and other localities nationwide to step up trade promotion and investment cooperation . Vice Chairman of the provincial People's Committee Phan Quy Phuong said that, after 10 editions since 2000, the Hue Festival Trade Fair has gradually affirmed its position and professionalism and improved in terms of quality and the number of participants. It has created a change in the “Vietnamese people prioritise Made-in-Vietnam product” movement and created a push to promote and expand export markets, and increase competitiveness in the international economic integration, added Phuong. This year’s fair comprises over 350 booths of more than 200 enterprises showcasing agro-forestry-aquatic products, … [Read more...] about Hue Festival Trade Fair connects Vietnamese localities
Hanoi applies IT to enhance value of agricultural products
A worker produces anti-counterfeit stamps at Tien Duong Organic Agricultural Cooperative in Hanoi (Photo: VNA) Hanoi (VNS/VNA) — Despite production and market difficulties due to the pandemic and climate change, many districts, firms and organisations in Hanoi 's agricultural sector have remained strong thanks to the application of science and information technology. It has helped them improve their products’ value and meet the technical requirements of import markets. In the past few years, Hanoi’s agriculture sector has implemented many programmes and solutions to support businesses and cooperatives to promote the application of information technology in the production and processing of agricultural products, which have brought many benefits, such as increasing the product value, food safety management and product information transparency. Tran Sy Hung, Director of Nghia Minh Mushroom cooperative in Dan Phuong district, said his cooperative had applied information … [Read more...] about Hanoi applies IT to enhance value of agricultural products
N.A. Chairman’s visit to deepen ties with Hungary in post-pandemic period: Ambassador
She said that Vietnam and Hungary have shared a 72-year partnership and traditional cooperation in all fields including education-training, law and justice, culture, sports, and people-to-people exchanges. The diplomat noted that Hungary considers Vietnam an important partner in Southeast Asia, and the two countries lifted their ties to a comprehensive partnership in September 2018. The parliaments of the two countries have also kept a good relationship with regular meetings and exchanges at all levels, while showing close and effective cooperation and mutual support at multilateral parliamentarian forums, she said. According to Ambassador Thao, the Vietnamese top legislator's visit will be a chance for senior leaders of Vietnam and Hungary to reaffirm their political commitments in continuing to promote the bilateral partnership, contributing to the economic recovery and sustainable development after COVID-19 in each country, while strengthening collaboration in global issues … [Read more...] about N.A. Chairman’s visit to deepen ties with Hungary in post-pandemic period: Ambassador
Deputy PMs agree on measures for strengthening Vietnam-Cambodia links
Khai congratulated the Cambodian Government on the important achievements obtained under PM Hun Sen’s leadership, especially the success in COVID-19 containment and socio-economic reopening and recovery. Men Sam An, who is also Minister of the National Assembly - Senate Relations and Inspection of Cambodia, Vice President of the Cambodian People’s Party, and Chairwoman of the Cambodia - Vietnam Friendship Association, expressed her honor to represent the Cambodian Government to attend and deliver remarks at the ceremony marking the 55th founding anniversary of the countries’ diplomatic ties held in Hanoi earlier the same day. Saying she is impressed with Vietnam’s all-round attainments over the past years, she expressed her belief that under the clear-sighted leadership of the Communist Party of Vietnam, the Vietnamese Government and people will continue reaping more successes in national reforms and development and unceasingly promoting Vietnam’s stature in the international … [Read more...] about Deputy PMs agree on measures for strengthening Vietnam-Cambodia links
657 new COVID-19 infections reported on Saturday
A worker receives a booster shot of a COVID-19 vaccine in HCM City. — VNA/VNS Photo Thanh Vũ HÀ NỘI — Việt Nam registered 657 new cases of COVID-19 on Saturday, with zero deaths recorded. All of the infections were domestic, with a total of 512 new transmissions detected in the community. New cases were detected in Hà Nội (169), Bắc Ninh (53), Phú Thọ (45), Yên Bái (43), Lào Cai (34), HCM City (27), Quảng Ninh (22), Quảng Bình (21), Nghệ An (21), Hải Phòng (18), Vĩnh Phúc (17), Đà Nẵng (15), Hòa Bình (15), Hà Nam (14), Thái Nguyên (13), Ninh Bình (12), Cao Bằng (12), Thái Bình (12), Hưng Yên (11), Thanh Hóa (9), Quảng Trị (9), Tuyên Quang (9), Nam Định (8), Hải Dương (7), Lâm Đồng (7), Điện Biên (6), Sơn La (5), Lai Châu (5), Khánh Hòa (5), Tây Ninh (3), Vĩnh Long (3), Bình Định (2), Bà Rịa - Vũng Tàu (2), Bình Phước (1), Lạng Sơn (1) and Đồng Tháp (1). The latest update brings the national caseload to 10,742,891 to date. The total number of COVID-19 fatalities in … [Read more...] about 657 new COVID-19 infections reported on Saturday
Airfares surge as domestic and int’l travel rebounds, fuel prices skyrocket
As more Vietnamese are seeking air travel services this summer, air ticket prices have increased as airlines are grappling with surging fuel costs and staffing challenges. Prices for flight tickets on many domestic routes operated by Vietnam’s five major carriers went up 20-40 percent for the last week of June compared to two months ago, according to an analysis by Tuoi Tre (Youth) newspaper. Airfares for international flights to and from Vietnam also soared 20-35 percent compared to pre-pandemic rates, according to a representative of Transportation Services Company (Worldtrans), a Vietnamese air charter provider. Dang Anh Tuan - head of communications of Vietnam Airlines, Vu Duc Bien - general director of Vietravel Airlines and other airline representatives all blamed rising fuel prices for the airfare spike. Fuel costs account for 30-40 percent of an airline’s total expenses, according to the International Air Transport Association (IATA). As fuel prices rise, airlines … [Read more...] about Airfares surge as domestic and int’l travel rebounds, fuel prices skyrocket
Produce processors receive major help
Long An has huge potential for agricultural development, including development of produce for export. In recent years, the province has formed a number of commodity-oriented agricultural production areas. There are more than 200 agricultural product processing enterprises in the province, most of which provide preliminarily processed produce with low added value. Only a few foreign-invested enterprises are capable of intensive processing, and they mainly use imported materials. In 2022, the provincial industry promotion sector will continue to prioritize support for agricultural product processing enterprises Long An has acknowledged the need to develop produce processing and is mobilizing resources to that end. Through a key national industry promotion project, the Industry and Trade Promotion Center of Long An Province has provided practical assistance for agricultural product processors in the region. The HG Food Vietnam Joint Stock Company has invested in a new … [Read more...] about Produce processors receive major help