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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

At the talks, Vice President and Secretary General of the VFF Central Committee Nguyen Thi Thu Ha affirmed the fruitful relations between the two sides, with the signing of cooperation documents. The two sides briefed each other on operations of their front organizations, and compared notes on cooperation orientations and contents in the time ahead. Nhem Valy, Permanent Vice Chairman and Secretary General of the National Council of the Solidarity for the Development of Cambodian Motherland, held that the talks will help the two front organizations better understand each other, thus helping deepen the friendship and solidarity between Vietnam and Cambodia. The official noted his hope that following the sixth international conference on building a shared border of peace, friendship and cooperation for development between Vietnam and Cambodia, which was held in Vietnam’s Mekong Delta province of An Giang last year, the 10 provinces that share the border line will continue completing … [Read more...] about Vietnamese, Cambodian front organizations forge cooperation

This will open new cooperation spaces and deepen collaboration in all spheres, from economy to tourism, employment, education and culture, as well as people-to-people exchange, Vietnamese Ambassador to the RoK Nguyen Vu Tung told the seminar. The event on connectivity between Korean localities and enterprises, and Vietnamese localities saw the participation of more than 100 delegates, including those from Vietnam’s Bac Lieu, Kon Tum and Thua Thien Hue provinces and Can Tho city, along with representatives from localities and more than 50 businesses of the RoK. Yoo Ming-bong, Secretary General of the Governors Association of the RoK (GAROK), noted that after 30 years of the establishment of the Vietnam - RoK diplomatic ties, the bilateral relationship has been seen as a model with political trust, dynamic, flexible, close economic cooperation, and close-knit ties between people of the two countries. GAROK will work together with Vietnamese localities in conducting activities to … [Read more...] about New cooperation spaces for Vietnam, RoK localities: seminar

Australian Prime Minister Anthony Albanese will pay an official visit to Vietnam on Saturday at the invitation of Vietnamese Prime Minister Pham Minh Chinh, according to the Ministry of Foreign Affairs. This will be his first visit to Vietnam since he took office in 2022. The Australian prime minister’s visit will be made two months after Australian Governor-General David Hurley’s state visit to Vietnam. His two-day visit is aimed at marking the 50th anniversary of diplomatic ties between Vietnam and Australia. Australian Prime Minister Albanese will meet several top Vietnamese officials during his trip, said the Australian Embassy in Vietnam. “The leaders will come to the table about measures to deepen the partnership in trade, investment, education, energy, and environmental protection," the embassy said. “Vietnam is one of Australia’s key strategic economic partners in Southeast Asia, which is a focus of Australian Prime Minister Albanese." “My first official visit to … [Read more...] about Australian prime minister to visit Vietnam this weekend

Fruit and vegetable processors are urged to adopt advanced technologies to improve export value. Vietnam's fruit and vegetable export turnover has risen 29% year-on-year to US$1.9 billion in the first five months of this year, enabling the sector to reach US$4 billion in exports in 2023, according to the Ministry of Agriculture and Rural Development (MARD). Fruit and vegetable exports grossed US$982 million in the first quarter of this year, up 16.2% compared to the same period in 2022, with sales to the Chinese market showing impressive growth. China imported $805 million worth of Vietnamese products, accounting for 80% of the market share. MARD stressed that in foreign markets, including China, Vietnamese fruits face stiff competition from rivals from Thailand, Cambodia, and the Philippines. "Export prospects in the second half of the year will be better as many countries favor Vietnamese agricultural products," it added. Vietnamese durian for exporting. … [Read more...] about Vegetable and fruit exports expected to hit $4 billion this year

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

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

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

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

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