Vietnamese Minister of Foreign Affairs Bui Thanh Son (R) and Dominican Minister for Foreign Affairs, International Business, Trade and Energy Vince Henderson at their meeting in Hanoi on March 20. (Photo: VNA) Hanoi (VNA) – Vietnamese Minister of Foreign Affairs Bui Thanh Son held talks with Dominican Minister for Foreign Affairs, International Business, Trade and Energy Vince Henderson in Hanoi on March 20, discussing orientations and measures to strengthen the friendship and cooperation between the two nations. Henderson is on a five-day visit to Vietnam at Son’s invitation from March 18 as Vietnam and Dominica are celebrating the 10th founding anniversary of diplomatic relations this year (November 1, 2013 – 2023). At the talks, Son affirmed that Vietnam always attaches importance to its relationship with Dominica and expects that the two sides will continue to explore possibilities to strengthen the ties on the basis of their respective potential and strengths, … [Read more...] about Vietnamese, Dominican foreign ministers hold talks
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Foreign businesses want work permit procedures simplified
Hong Sun, chairman of the Korea Chamber of Business in Vietnam (KOCHAM), told the Vietnam Business Forum 2023 on Sunday that many South Korean businesses find that it usually takes two to three months to acquire work permits for their foreign staff. And in some cases, the process can take up to six months as additional paperwork is sometimes required, he added. KOCHAM proposed that the authorities provide businesses with a consistent and precise guideline on requesting work permits. The chamber also suggested that the Vietnamese government give graduates of the one-year K-Move School program expert work permits. Sun added that the K-Move School program is run by the South Korean government and that its graduates are highly qualified. He said that they can be considered experts and are even qualified to be the CEO of a business, and therefore they should be able to receive expert work permits in Vietnam. Gabor Fluit, chairman of the European Chamber of Commerce in Vietnam … [Read more...] about Foreign businesses want work permit procedures simplified
Prime Minister pledges to further support enterprises at Vietnam Business Forum 2023
Reviewing the country’s socio-economic recovery and development achievements in 2022, the PM said the macro economy remained stable, major economic balances were ensured, and notably the domestic investment and business environment was improved significantly. During the post-COVID-19 period, the foreign investment disbursement went up 13.5% as compared with 2021, which reflected Vietnam’s attractiveness in the regional and global investment maps, he said. Pham Minh Chinh stressed that the Vietnamese Party and State advocate green growth in order to ensure rapid, effective and sustainable economic development, contributing to implementing the 2021-2030 socio-economic development strategy. However, green growth needs a suitable roadmap, with conditions and capacity of each region, locality and business taken into consideration, he noted, encouraging the engagement of all, particularly businesses and people, in this regard. The Government will work to consolidate institutions, … [Read more...] about Prime Minister pledges to further support enterprises at Vietnam Business Forum 2023
Vietnamese FM suggests expanding cooperation in areas of UK’s strength
Vietnamese Minister of Foreign Affairs Bui Thanh Son (R) and British Ambassador to Vietnam Iain Frew . (Photo: VNA) Hanoi (VNA) – Vietnamese Minister of Foreign Affairs Bui Thanh Son hosted a reception in Hanoi on March 20 for British Ambassador to Vietnam Iain Frew, during which he hailed the latter for actively promoting bilateral activities over the past years. Son said the signing and enforcement of the UK-Vietnam Free Trade Agreement has made the UK the third largest trade partner in Europe and the ninth largest export market of Vietnam and the most important European investor in the country despite impacts from the COVID-19 pandemic. He asked Frew to continue facilitating the exchange of all-level delegations, effectively implement bilateral cooperation mechanisms and work closely with Vietnamese partners to hold activities celebrating the 50th founding anniversary of Vietnam-UK diplomatic ties this year. The host suggested both sides maintain effective … [Read more...] about Vietnamese FM suggests expanding cooperation in areas of UK’s strength
Indonesia announces pillars of ASEAN Summit 2023
Indonesian Foreign Minister Retno Marsudi (Photo: AFP/VNA) Jakarta (VNA) – Indonesian Foreign Minister Retno Marsudi has announced three main pillars of this year’s ASEAN Summit , themed “ASEAN Matters: Epicentrum of Growth.” Speaking at an event on March 19, the minister said the first is maintaining the ten-member group’s centrality, making it a driver to promote peace and stability. Regarding the second - the epicentrum of growth, the official pointed to ASEAN’s advantages in demography, high economic growth, and regional peace and stability. The third lies with Indo-Pacific, she said, noting that the ASEAN Outlook on the Indo-Pacific (AOIP) should be translated into specific economic cooperation activities. In that spirit, during Indonesia ’s ASEAN Chairmanship 2023, the Indonesian Foreign Ministry will coordinate with the Indonesian Chamber of Commerce and Industry (KADIN) and relevant ministries and agencies in organising the ASEAN-Indo-Pacific Forum … [Read more...] about Indonesia announces pillars of ASEAN Summit 2023
Pharmaceutical companies urged to invest in R&D, improve competitiveness
ADC Pharma in Can Tho Province. As the domestic pharmaceutical market holds a lot of potential, local producers are urged to improve their competitiveness for expansion. — VNA/VNS Photo Thanh Liem It is critical for pharmaceutical companies to improve competitiveness with a focus on research and development (R&D), production technology and digitalisation. According to experts, this will help them expand their shares in the domestic market which remains being dominated by imported drugs and extend their international reach. Viet Nam’s pharmaceutical market has significant potential. The Ministry of Health estimated the market at US$6.9 billion in 2021 while BMI Research forecast the market to reach $16.1 billion in 2026 with a compound growth rate of up to 11 per cent. According to Nguyen Dieu Ha, general secretary and office chief of the Vietnam Pharmaceutical Companies Association (VNPCA), there are 55 foreign-invested pharmaceutical companies in Viet Nam as of the end of … [Read more...] about Pharmaceutical companies urged to invest in R&D, improve competitiveness
JCCI proposes solutions to promote investment in green energy
The Japanese government has launched the Asia Energy Transition Initiative (AETI), which includes knowledge sharing, technology development, and deployment of decarbonisation and $10 billion in financial assistance to push forward green energy transition. Japanese Prime Minister Fumio Kishida also proposed the Asia Zero Emissions Community (AZEC) initiative during his visit to Vietnam last April. The initiative's goal is to achieve both sustainable growth and carbon neutrality amid growing energy demand in Asian countries. The Japanese government is willing to cooperate with ASEAN countries to achieve a pragmatic energy transition by providing financial and technical support for the demonstration and introduction of decarbonisation technologies. As one example, the Ministry of Industry and Trade of Vietnam, the Japanese Embassy to Vietnam, and the JCCI jointly organised a workshop on cooperation between the two countries for the development of power and energy fields focussing on … [Read more...] about JCCI proposes solutions to promote investment in green energy