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Current trends guarantee big growth in Vietnam – US trade, investment: USABC leader

May 31, 2023 by en.vietnamplus.vn

Vietnam was the 8th largest trade partner and the largest ASEAN exporter of the US in 2022. (Photo: VNA) Hanoi (VNA) – The current trends in economic and trade cooperation between Vietnam and the US guarantee big growth in two-way trade and investment in next 10 years and warrant upgrading the partnership to a strategic level, said Ted Osius , President and CEO of the US - ASEAN Business Council ( USABC ). In an interview granted to the Vietnam News Agency ahead of the 10th anniversary of the two countries’ comprehensive partnership (July 2013 - 2023), the former US Ambassador to Vietnam said trade and investment play a big role in this relationship. The US is Vietnam’s second largest trading partner and biggest export destination. In 2022, bilateral trade reached a record high of 138.9 billion USD. Vietnam was the 8th largest trade partner and the largest ASEAN exporter of the US. The US was the biggest export market of Vietnam last year. Vietnam’s annual export to … [Read more...] about Current trends guarantee big growth in Vietnam – US trade, investment: USABC leader

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Vietnam’s T&T Group, RoK’s DB Group seal cooperation deal

May 31, 2023 by bizhub.vn

At the signing ceremony. — Photo hanoimoi.com.vn The Republic of Korea's conglomerate DB Group on Tuesday announced it has signed a memorandum of understanding (MOU) on business cooperation with Viet Nam's T&T Group. The two have agreed to share their infrastructure and know-how in Viet Nam, and to enhance mutual synergy through various collaborations. T&T Group, established in 1993, is a leading Vietnamese company engaged in various businesses, including financial services, energy, trade and real estate. It has over 200 subsidiaries and employs around 80,000 people. DB Group's Viet Nam business is led by DB Insurance. Its property and casualty insurance unit was established in 1984. DB Insurance made a leap forward in Viet Nam's market by acquiring PTI Insurance in 2015, becoming the third-largest insurance company in terms of market share in the Southeast Asian country. — VNS … [Read more...] about Vietnam’s T&T Group, RoK’s DB Group seal cooperation deal

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Vietnam projected to become 20th largest global economy

May 31, 2023 by vir.com.vn

According to the International Monetary Fund (IMF), Vietnam's GDP based on purchasing power parity (PPP) stood in 25 th position globally in 2022, ranking just below countries such as Australia, and Poland. Specifically, Australia's reached approximately $1.63 trillion, securing 20 th position worldwide, while Poland's stood at around $1.64 trillion, placing it 19 th . The IMF also estimates that by 2023, Vietnam is expected to secure fourth position in Southeast Asia with a forecast GDP PPP of approximately $1.45 trillion. Looking further ahead, by 2026, Vietnam is estimated to have surpassed Thailand, propelling it to the second spot in the region with a figure of around $1.87 trillion. By 2028, Vietnam's economy is anticipated to have reached approximately $2.21 trillion, placing it among the top 20 economies globally. The top 20 economies in 2028, according to the IMF, are predicted to include China, the United States, India, Japan, Germany, Indonesia, Russia, … [Read more...] about Vietnam projected to become 20th largest global economy

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Saigon Hi-Tech Park partners with US firm to improve IC design capability

May 30, 2023 by en.vietnamplus.vn

At the signing ceremony (Photo: VNA) HCM City, (VNA) – The Saigon Hi-Tech Park (SHTP) in Ho Chi Minh City and Cadence Design Systems , a multinational computational software company of the US, on May 30 signed a memorandum of understanding on cooperation in developing electronic design manpower and promoting the semiconductor industry in Vietnam. Under this partnership, Cadence, a world leading company in electronic design, can provide integrated circuit (IC) design software tools and related training programmes for universities in HCM City via its academic network. Nguyen Anh Thi, head of the SHTP management board, said the cooperation with Cadence will give local students a chance to access the latest technologies and methodologies in IC and system design, and acquire practical experience that will help them succeed in the high-tech industry. It will also help strengthen the capability of the SHTP Chip Design Centre, thus contributing to the local semiconductor … [Read more...] about Saigon Hi-Tech Park partners with US firm to improve IC design capability

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Hanoi to ensure food safety for ten million residents

May 31, 2023 by hanoitimes.vn

Hanoi will apply many solutions to improve the efficiency of enforcing food safety regulations in 2023 and the future. The Hanoi People's Committee has issued a plan to ensure food security for ten million people in the capital by 2030. The plan, signed by Deputy Chairman of the Hanoi People's Committee Nguyen Manh Quyen, aims to strengthen the responsibilities of local governments and socio-political organizations to ensure food safety and security in Hanoi in all circumstances. The plan also aims to promote the resources of all economic sectors and support from the State to develop agriculture in a sustainable way. A farmer introduces a new rice variety in Hanoi’s outskirts. Photo: Lam Nguyen/The Hanoi Times According to the plan, by 2030, Hanoi will have approximately 55,000 hectares of rice production with an annual output of at least 660,000 tons of rice. In addition, the city has set targets to increase food consumption, reduce the rate of … [Read more...] about Hanoi to ensure food safety for ten million residents

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Coach Park Hang-seo awarded VUFO’s friendship insignia

May 31, 2023 by en.qdnd.vn

It is the VUFO’s most noble distinction honoring Park's significant contribution to the Vietnamese football and the friendly and cooperative relations between the people of Vietnam and the Republic of Korea (RoK). Speaking at the event, Nguyen Phuong Nga said the bilateral ties have become a successful model based on political trust, vibrant economic cooperation, and a close attachment in people-to-people exchanges. She attributed that to the important contribution of people’s organizations and individuals from both countries, including Park. As the head coach of the Vietnamese national football team from 2017 to 2022, Park trained and improved the talent of players, helping them gain confidence and bring glory to Vietnam at regional and international tournaments, including winning the 2018 AFF Cup championship, two gold medals in men's football at the 30th SEA Games in 2019 and the 31st SEA Games in 2021, becoming the second runner-up at the 2018 U23 Asian Cup, securing the fourth … [Read more...] about Coach Park Hang-seo awarded VUFO’s friendship insignia

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Old Vietnamese publications in romanized script on display in Paris

May 31, 2023 by en.qdnd.vn

On display are over 20 publications chosen among more than 1,000 works published during the first development stage of Quoc Ngu in the late 19th century and the first half of the 20th century, that the University Library of Languages and Civilizations (BULAC) has collected so far. The exhibition, entitled "Chu Quoc ngu, a fundamental factor in the renewal of Vietnamese culture from 1860 to 1945," will run until May 31. The exhibits include the first novels of Vietnam written in Western style such as “Thay Lazaro Phien” (Teacher Lazaro Phien) by Nguyen Trong Quan which was published in 1887, or “Chuyen doi xua” (The story of old life), which was released in 1866; and translated versions of some well-known Chinese and French works such as "The Story of Three Kingdoms" (1909) and “The Miserable” (1926). There are also the first issues of Gia Dinh newspaper published in July 1865 or Nam Phong magazine (1923). According to Nguyen Thi Hai, who is in charge of the exhibition, BULAC's … [Read more...] about Old Vietnamese publications in romanized script on display in Paris

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Photo exhibition, musical show marks Vung Tau – Gunsan anniversary

May 31, 2023 by en.qdnd.vn

On show are 90 works by photographers from the two cities, helping visitors understand more about the culture, daily life, nature, tourism, festivals, and local people, introducing the unique cultural features of Vietnam and the RoK. The exhibition will run until June 4. The same day, artists from Vung Tau city and Gunsan city staged a special art performance. Kim Bong Gon, Director of Gunsan city's Department of Culture and Tourism, said the friendship and cooperation between the two cities have deepened through friendship visits and cultural activities. Meanwhile, Nguyen Thi Thu Huong, Vice Chairwoman of the People's Committee of Vung Tau city, said art exchange programs are expected to pave the way for cultural and artistic cooperation between Vung Tau and Gunsan cities, enhancing mutual understanding and tightening their friendly relationship. Source: VNA … [Read more...] about Photo exhibition, musical show marks Vung Tau – Gunsan anniversary

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