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Vietnamese coffee reigns supreme on global coffee map

March 29, 2023 by en.vietnamplus.vn

At the end of the twentieth century, Vietnam became the leading coffee producer in Southeast Asia and ranked second in the world after Brazil. Currently, Vietnam grows three varieties, Robusta, Arabica, and Liberia. Vietnam is now the world's largest producer of Robusta coffee and the second largest coffee exporter in the world after Brazil. The country’s coffee growing areas amount to some 710,000 ha in total, with most of those for harvest located in five Central Highlands provinces, including Dak Lak. In 2022, Vietnam shipped about 1.72 million tonnes of coffee overseas for 4 billion USD. Vietnamese coffee is now present in more than 80 countries and territories worldwide. In particular, the quality of Vietnamese Robusta coffee has been recognised by leading coffee-consuming powers. In addition, Vietnamese coffee has received myriad praise from a series of prestigious international press. Vietnam's drip and special iced milk coffee, meanwhile, are the favourite … [Read more...] about Vietnamese coffee reigns supreme on global coffee map

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Solutions to boost labor quality: Experts

March 29, 2023 by hanoitimes.vn

Local experts suggest it is necessary to coordinate with employers in the recruitment, organization of training, and retraining of employees to overcome the shortage of qualified workers and contribute to the recovery of production and business activities. Hanoi's authorities will come up with specific solutions to improve the quality of labor and link vocational training with labor market demand, targeting 73.2% of skilled workers by the end of 2023. Submunicipal authorities, experts, and people have shared with Hanoimoi Newspaper the labor market outlook and proposals to address problems related to recruitment and vocational training problems in the city. Local workers are learning sewing skills at the Hanoi Center for Employment Service. Photo: Hanoimoi Newspaper Director of Hanoi Department of Labor - Invalids and Social Affairs Bach Lien Huong : Focus on linking vocational training with enterprises In recent years, vocational training … [Read more...] about Solutions to boost labor quality: Experts

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Vietnamese, Malaysian economies boast similarities, complementations: trade counselor

March 29, 2023 by en.vietnamplus.vn

Trade Counselor Le Phu Cuong at the Vietnamese Embassy in Malaysia . (Photo: VNA) Kuala Lumpur (VNA) – The Vietnamese and Malaysian economies are of a similar size and complement each other, Trade Counselor Le Phu Cuong at the Vietnamese Embassy in Malaysia has said. In an interview with a Vietnam News Agency correspondent based in Kuala Lumpur on the occasion of the 50th anniversary of the countries’ diplomatic relations (March 30, 1973 - March 30, 2023), Cuong said Vietnam boasts advantages in terms of labour and development potential, while Malaysia's are in capital and deep integration into the world economy. Malaysia’s market is not too large in size but diverse in segment and , with its consumers’ characteristics generally similar to Vietnam, he said, adding that its Halal requirements are the biggest difference to note. According to the official, the two countries’ trade and investment relations have developed for a long time since Vietnam integrated into … [Read more...] about Vietnamese, Malaysian economies boast similarities, complementations: trade counselor

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Developments for Vietnam to watch in midst of bank crisis

March 29, 2023 by vir.com.vn

In 2008, the US investment bank Bear Stearns, on the verge of collapse, had to be rescued by J.P. Morgan. This marked the beginning of the global financial crisis of 2008, which sent the global economy into a deep recession and caused significant economic damage, including massive employment losses. Patrick Lenain, senior associate at the Council on Economic Policies Today, several banks are once again in trouble. As of March 22, four large banks were in distress. Silicon Valley Bank (SVB), a $212 billion US bank specialising in tech startups, collapsed when it was unable to meet deposit withdrawal requests and had to be taken over by federal regulators. A few days later, Signature Bank, another midsized US bank with assets of $110 billion, also suffered a severe liquidity crisis and was seized by federal regulators. This was followed by First Republic Bank with assets of $205 billion, which was hit by rating downgrades and a tumbling share price and had to be … [Read more...] about Developments for Vietnam to watch in midst of bank crisis

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The significance of Vietnam for US businesses and why they should take notice: Standard Chartered

March 29, 2023 by hanoitimes.vn

The CEO and Regional Head, Client Coverage, Americas, Standard Chartered, shared his view on Vietnam's significance for US businesses and why Vietnam is potential for foreign investors. Vietnam has gone from being a frontier economy in ASEAN to a flourishing, cost-effective industrial nation. Firms and investors looking for new markets to grow, source, or manufacture their products – especially in Asia – should consider Vietnam’s long-term potential and stay updated on its opportunities. Steven Cranwell, CEO and Regional Head, Client Coverage, Americas, Standard Chartered. Photo: Standard Chartered In recent years, Vietnam has benefited from the trade tensions between the US and China. With US companies adopting a ‘China plus one’ approach to their supply chains, the percentage of exports from Vietnam to the US has risen by approximately nine percent between 2018 and 2021. It is, however, important to note that Vietnam has been an alternative to China … [Read more...] about The significance of Vietnam for US businesses and why they should take notice: Standard Chartered

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Defense Minister Phan Van Giang holds talks with RoK counterpart

March 30, 2023 by en.qdnd.vn

On March 28, an official welcoming ceremony was held for the Vietnamese Defense Minister and the delegation with 19 series of cannon shots at the RoK Defense Ministry’s headquarters. After the reception, the two defense ministers held talks. The RoK defense minister warmly welcomed his Vietnamese counterpart and military delegation, while highly appreciating the sound relations between the two countries over the past time, especially the increasingly intensive and effective defense relations. Gen. Giang thanked the host for his warm reception, expressing his pleasure to pay an official visit to the RoK as the two countries have just upgraded their relations to a comprehensive strategic partnership. He hoped that the visit would help concretize the two countries' partnership in defense, actively contributing to the bilateral relationship. At the talks, the two ministers discussed regional issues of mutual concern. Gen. Giang noted that peace, cooperation and development are still … [Read more...] about Defense Minister Phan Van Giang holds talks with RoK counterpart

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Herbalife sponsors nutrition for Vietnam’s national football teams

March 29, 2023 by en.vietnamplus.vn

At the event (Photo: qdnd.vn) Hanoi (VNA) – The Vietnam Football Federation (VFF) held a ceremony in Hanoi on March 29 to announce Herbalife Vietnam Nutrition Company as the official sponsor of Vietnam’s national football teams, following their partnership from 2021-2024. Vietnam national football teams will compete in major international tournaments such as the 32nd SEA Games in Cambodia, the 2024 AFC U23 Championship Qualifiers, the 19th ASIAD and the Southeast Asian Women's Football Championship. Especially in July, the Vietnam national women's football team will for the first time compete in the FIFA Women's World Cup 2023. Junior teams will join youth football tournaments within the regional and continental competition systems, said VFF Secretary General Duong Nghiep Khoi./. VNA … [Read more...] about Herbalife sponsors nutrition for Vietnam’s national football teams

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