Industrial production is forecast to increase 6.6% in 2023. (Photo: VNA) HCM City (VNA) – Vietnam is predicted to record a rise of 6.6% in industrial production in 2023, according to S&P Global Market Intelligence. S&P Global noted the Vietnamese manufacturing sector continued to face challenging business conditions in the opening month of 2023. Production and new orders continued to decline. That said, there were some signs of improvement in demand as new business fell at a softer pace, helped by a renewed expansion in new export orders. The S&P Global Vietnam Manufacturing Purchasing Managers' Index (PMI), released on February 1, posted 47.4 in January, up from 46.4 in December but still pointing to a solid monthly deterioration in the health of the manufacturing sector. January data signalled a further marked decline in manufacturing production, albeit one that was slightly softer than seen in December. Lower new orders were often behind falling output, with … [Read more...] about Vietnam’s industrial production to rise 6.6% in 2023: S&P Global
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2023 – Time for edtech to thrive in Vietnam
2In 2023, revenues of Vietnam’s e-learning market are expected to reach around $3 billion with a compound annual growth rate of about 20.2 per cent during 2019-2023, according to a report by Ken Research. Photo: doanhnhansaigon.vn Hanoi – Experts are positive about the development of Vietnam’s education technology (edtech) market in 2023 if local edtech companies can overcome post-pandemic challenges. Pham Giang Linh, managing director of Galaxy Education told the Tuoi tre (Youth) newspaper that Vietnam’s edtech market was formed in 2006 and 2007 – the first development stage of the digital economy in the country, but it only attracted wide attention in the period from 2020-2021, when demand for e-learning increased sharply due to the COVID-19 pandemic. In 2022, Vietnam saw the establishment of more than 100 edtech startups which strongly attracted capital from foreign investors, he said, citing examples like Topica, ELSA, ColderSchool, Edmicro, Vuihoc, and Educa, which … [Read more...] about 2023 – Time for edtech to thrive in Vietnam
Vietnam to host int’l forum on youth development policies
Nguyen Thi Nga, General Secretary and Chief of Office of the NCYV speaks at the press conference (Photo: VNA) Hanoi (VNA) - An international forum to share experience in sketching out and implementing youth development policies will take place in Vietnam in both virtual and face-to-face form on November 29. The information was announced by the National Committee on Youth of Vietnam (NCYV) at a press conference in Hanoi on November 22. Vietnam and other countries in the fields of learning, scientific research, labour, employment, startups, health care, culture, sports, and digital transformation. youth development policies in association with strengthening youth cooperation among countries. VNA … [Read more...] about Vietnam to host int’l forum on youth development policies
Vietnam’s trade with India hits record in 2022
Goods for export at the Tan Cang-Cat Lai Port in HCM City. Vietnam's exports to India topped 7.96 billion USD in 2022, up 26.8% year-on-year. (Photo: VNA) Hanoi (VNS/VNA) - Two-way trade between Vietnam and India saw a yearly increase of 13.6% to 15.05 billion USD in 2022, statistics from the General Department of Customs showed. During the year, Vietnam’s exports to India topped 7.96 billion USD, up 26.8% year-on-year. Among its export items, mobile phones and accessories posted the highest turnover with 1.52 billion USD, up 18.4%, making up nearly 20% of the total export value. Computers, electronics and parts came next with 1.03 billion USD, up 25%, or 13%, while machinery and equipment ranked third with 804 million USD or over 10%. Other staples with the highest value increase were coffee with 165%; iron and steel (97%) and footwear (96%). Some items, however, posted large decreases in export value, such as animal feed and raw materials with 23.04 million USD, down … [Read more...] about Vietnam’s trade with India hits record in 2022
Vietnam develops green agriculture to increase exports to EU
Illustrative image (Photo: baodautu.vn) Hanoi (VNA) – Vietnam is paying attention to mobilising resources to invest in developing green agriculture with an aim to raising the market share of its agricultural exports to the European Union. Last year, Vietnam’s export revenue of agro-fishery-forestry products set a record high of 53.22 billion USD, up 9.3% year-on-year. However, Europe accounted for only 11.3% of its market share. This is a modest number, although the agricultural sector has optimised many advantages of the EU- Vietnam Free Trade Agreement (EVFTA). One of the main reasons is said to be the union’s high requirements on farm imports, while Vietnam’s agricultural production has yet to meet green growth requirements. According to the World Bank’s report, agriculture is the second highest emitter, accounting for 19% of the nation’s total gas emissions in 2020. About 48% of the sector’s emissions and more than 75% of methane emissions are from rice … [Read more...] about Vietnam develops green agriculture to increase exports to EU
2023 – Time for Edtech to thrive in Vietnam
In 2023, revenues of Vietnam’s e-learning market are expected to reach around 3 billion USD with a compound annual growth rate of about 20.2% during 2019-2023, according to a report by Ken Research (Photo: doanhnhansaigon.vn) Hanoi (VNA) – Experts are positive about the development of Vietnam’s education technology (Edtech) market in 2023 if local Edtech companies can overcome post-pandemic challenges. Pham Giang Linh, managing director of Galaxy Education told the Tuoi tre (Youth) newspaper that Vietnam’s Edtech market was formed in 2006 and 2007 – the first development stage of the digital economy in the country, but it only attracted wide attention in the period from 2020-2021, when demand for e-learning increased sharply due to the COVID-19 pandemic. In 2022, Vietnam saw the establishment of more than 100 Edtech startups which strongly attracted capital from foreign investors, he said, citing examples like Topica, ELSA, ColderSchool, Edmicro, Vuihoc, and Educa, … [Read more...] about 2023 – Time for Edtech to thrive in Vietnam
Vietnam must step up carbon reduction to enter EU markets
Solar panels installed on the rooftops of a seafood processing plant in the Mekong Delta. (Photo: VNA) Hanoi (VNS/VNA) - Vietnam must start monitoring and issuing carbon certificates to exporters and retailers in response to the EU's recently passed carbon levy , said industry insiders and policymakers. The EU’s Carbon Border Adjustment Mechanism (CBAM) by the European Parliament (EP), according to the EP, is to "put a fair price on the carbon emitted during the production of carbon-intensive goods that are entering the EU, and to encourage cleaner industrial production in non-EU countries." The bloc requires exporters to report their commodities' carbon footprints, on which a tax may be levied should carbon emissions during the production of said commodities exceed the EU's carbon regulations. Instead of buying the EU's carbon certificate , Vietnamese businesses could take steps to reduce their own carbon footprints during production, experts said. The … [Read more...] about Vietnam must step up carbon reduction to enter EU markets
DPRK media highlights friendship relations with Vietnam
Chairman of the Workers' Party of Korea (WPK) and the State Affairs Commission of the DPRK Kim Jong-un is welcomed at Dong Dang station, Lang Son province, on the occasion of his official friendship visit to Vietnam in 2019. (Photo: VNA) Hanoi (VNA) - The Radio Voice of Korea on February 1 broadcast an article, highlighting the unchanged friendship relationship over the time with Vietnam on the occasion of the 73rd founding anniversary of diplomatic ties between the Democratic People's Republic of Korea (DPRK) and Vietnam (January 31, 1950 - 2023). DPRK-Vietnam relationship has developed to a new height, the article noted. In 2022, leaders of the two countries exchanged congratulatory messages to each other on the occasion of the 74th founding anniversary of the DPRK, and the 77th anniversary of the establishment of the Democratic Republic of Vietnam (now the Socialist Republic of Vietnam). VNA … [Read more...] about DPRK media highlights friendship relations with Vietnam
Four Vietnamese awarded New Zealand ASEAN Scholar Awards
Four Vietnamese were awarded the New Zealand ASEAN Scholar Awards by New Zealand Prime Minister John Key on Monday. The four were among the 40 individuals from 10 member states of the Association of Southeast Asian Nations (ASEAN) to be presented with the prestigious prizes in a ceremony to mark 40 years of diplomatic relations between New Zealand and the bloc. ASEAN is a ten-member organization which includes Indonesia, Malaysia, the Philippines, Singapore, Thailand, Brunei, Cambodia, Laos, Myanmar and Vietnam. The Vietnamese recipients of the awards are Mai Kieu Lien, CEO of dairy firm Vinamilk; Nguyen Xuan Vang, head of the International Cooperation Department under the Ministry of Education and Training; Tran Duc Lam, CEO of Tran Duc Homes Company; and diplomat Ton Nu Thi Ninh. The four were honored for their contribution to the development of Vietnam and New Zealand’s cooperation. The New Zealand-ASEAN Scholar Awards are designed to recognize New Zealand’s close … [Read more...] about Four Vietnamese awarded New Zealand ASEAN Scholar Awards
Top Chinese leader sends thank-you letter to Vietnamese Party chief
General Secretary of the Communist Party of China Central Committee and President of China Xi Jinping (R) and General Secretary of the Communist Party of Vietnam Central Committee Nguyen Phu Trong. (Photo: VNA) Hanoi (VNA) – General Secretary of the Communist Party of China Central Committee and President of China Xi Jinping has sent a letter to General Secretary of the Communist Party of Vietnam Central Committee Nguyen Phu Trong to thank him for cabling a message of condolences over the passing of comrade Jiang Zemin . The following is a translation of the letter: Thank-you letter To: Comrade Nguyen Phu Trong, General Secretary of the Communist Party of Vietnam Central Committee, Dear Comrade General Secretary, On behalf of the Chinese Party, State and people, I sincerely would like to thank you for sending a message of condolences over the passing of comrade Jiang Zemin and to convey the thank-you from comrade Jiang Zemin’s family to you. Comrade Jiang Zemin … [Read more...] about Top Chinese leader sends thank-you letter to Vietnamese Party chief