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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

A garment factory in Vietnam (Photo: VNA) Hanoi (VNA) – Textile and garment businesses in Vietnam are taking steps to switch to green production to meet partners’ demand and achieve sustainable development, the Cong Thuong (Industry & Trade) newspaper reported. Greening textile and garment production chains is currently a global trend that are compulsory for businesses to achieve sustainability. It is also a requirement placed on manufacturers as the EU, which imports over 4 billion USD worth of textiles and garments from Vietnam annually, has proposed the imposition of some eco-regulations on imports. Major fashion brands in the world are also prioritising green enterprises to place their orders or requesting suppliers to adopt green practices. Facing challenges and strict requirements from the market, many Vietnamese businesses are making changes towards green manufacturing, including upgrading factories and using recycled fabric and green energy. Among … [Read more...] about Textile, garment firms switching to green production

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

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

While in Argentina, the delegation had a meeting with Politburo member and Secretary in charge of External Relations of the Communist Party of Argentina (CPA) Jorge Kreyness. Hai thanked the CPA for its solidarity, support and sentiment for the Communist Party of Vietnam (CPV) and Vietnamese people in their past struggle for national liberation as well as the present cause of national reform and construction. The official affirmed the consistent stance of the Vietnamese Party, State and people on constantly consolidating and strengthening the friendship and solidarity between the CPV and the CPA and people of Argentina. Hai expressed his hope for enhanced solidarity and more efficient cooperation between the two parties for the common revolutionary cause. In reply, Kreyness lauded Vietnam’s achievements and experience, and noted his belief in the success of reforms and socialism building in Vietnam under the CPV’s leadership, calling Vietnam an example for Latin American … [Read more...] about Ho Chi Minh City seeks ways to expand cooperation with Argentina

Visitors see yarn made from pineapple leaves at the Vietnam Texfuture Spring Summer being held at GEM Center in HCM City’s District 1 until March 24. — VNS Photo Vietnam Texfuture Spring Summer, an international exhibition on high-end fabric exhibition that opened in HCM City on Tuesday, seeks to inspire the use of sustainable fabrics by local producers. It has attracted more than 200 Vietnamese and foreign exhibitors who are displaying sustainable, fashion and functional fabrics, garment and textile techniques and solutions, circular economy solutions, textile raw materials, home textiles, and accessories. The exhibition also includes seminars on trends that will shape global fashion through 2024 spring and summer, the new age of design and how to minimise fabric textures to reduce the impact on the environment, according to the organisers. Visitors can see yarns made from natural materials such as ramie from Thien Phuoc Ramie Group JSC and pineapple leaves from ECOSOI, silk … [Read more...] about International innovative fabric exhibition opens in HCM City

Panasonic Life Solutions Vietnam in Vietnam - Singapore Industrial Park, Binh Duong province. (Photo: VNA) Hanoi (VNS/VNA) - Vietnam will adjust investment policies to adapt to the global minimum tax rate and remain an attractive destination for investment. The move comes amid concerns that this measure might undermine the competitive advantage of developing countries in attracting foreign investment through offering tax incentives. The global minimum tax was Pillar Two of the Organisation for Economic Co-operation Development ( OECD )’s base erosion and profit-shifting (BEPS) framework. To date, the solution drew the participation of over 140 countries and jurisdictions, including Vietnam, which aimed to reform international taxation rules and ensure that multinational enterprises pay a fair share of tax wherever they operate through the establishment of a global minimum effective corporate tax rate of 15% for those with annual revenue of 750 million euros, starting from … [Read more...] about Vietnam to develop policies to adapt to global minimum tax

Delegates cut ribbon to open AeroExpo Hanoi & Vietnam Aviation Forum 2023 (Photo: VNA) Hanoi (VNA) – Fifty foreign businesses and many major airlines in the world are participating in the AeroExpo Hanoi & Vietnam Aviation Forum 2023, which opened in the Vietnamese capital city on March 21. The three-day event is jointly held by the Hanoi Department of Industry and Trade and France’s Advanced Business Events (ABE) company. Acting director of the department Tran Thi Phuong Lan said that the expo is a chance to connect more than 160 business partners in order to develop the aviation industry of Hanoi city, and speed up the restructuring process of industries associated with digital transformation. It also gathers a large number of prestigious experts, speakers, and leaders of aviation firms, airlines and producers from inside and outside the country who come to exchange and share new development opportunities and new initiatives to serve the development of the sector. … [Read more...] about AeroExpo Hanoi & Vietnam Aviation Forum opens

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

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