Lawmakers make deal

The midfielder has passed a medical and signed a two-year deal that has an option to extend his stay in southwestern France for another year. He has been handed his favorite No.19 jersey, which he wore for both former side Hanoi FC and the national team. “I have had medical tests at Pau Football Club. Everything is good. I have reached all requirements of health," Hai posted on his Facebook on June 29. "The first important step is done. I am an official player of Pau FC from this moment. I am happy and proud. "Thank you all, parents, family, supporters, media and all people who have been accompanying me on my journey. Let's fight!" he wrote. On the club facebook fanpage, Pau FC posted: "Nguyen Quang Hai is here! Vietnam's international offensive midfielder (45 selections) joins Pau FC for the next two seasons. He will wear Pau FC's No 19. Welcome, Quang Hai!" A short video introducing the Vietnamese player is also available on the page. The 25-year-old, who also received … [Read more...] about Quang Hai signs two-year deal with French side Pau FC

Outstanding tariff preferences The British Embassy in Vietnam has forecast that Vietnam will save about US$151 million in tariffs from the deal, while the UK stands to save around US$36 million. Although the UKVFTA took effect at a time when the pandemic was ravaging the two countries, bilateral trade still reached US$6.6 billion in the pact’s first year. In fact, 65 percent of all tariffs have already been eliminated from UK-Vietnam trade. In the first six years of the deal, the UK will eliminate 99.2 percent of tariff lines on Vietnam’s imports. This is higher than the terms of the EU-Vietnam Free Trade Agreement (EVFTA) with 70.3 percent tariff elimination. Vietnam pledges to eliminate 48.5 percent of tariffs, matching other EU countries under the EVFTA. Import tax on most types of Vietnam’s raw shrimp into the UK is being scrapped Other tariff preferences in the UKVFTA include zeroing out import tax on most types of raw shrimp into the UK from 10-20 percent; a … [Read more...] about UK trade pact benefits Vietnam

Representatives of Ericsson, Business Sweden, TH Group, and the VBF discussed 5G-led factories, Photo: Chi Cuong At last week’s talk show on Digital Transformation with 5G –The Path to Smart Factories in Vietnam, hosted by VIR, industry leaders agreed that companies in different industries have to adapt to new technologies to compete and survive. Denis Brunetti, president of Ericsson in Vietnam and Myanmar, said, “A wireless environment will make processes smarter, more flexible, and less static, which is increasingly critical in today’s factories.” Brunetti explained that 5G-enabled facilities will benefit from sensors monitoring production processes and collecting data to feed back to machines and managers. “This will greatly enhance the speed of operations, improve maintenance capabilities – through accelerated awareness or even notification before failures occur – and increase safety,” he said. Seck Yee Chung, steering committee member of the Vietnam Business Forum’s … [Read more...] about Conducting smarter factory processes

NA Chairman Vuong Dinh Hue (R) meets with Prudential Chairwoman Shriti Vadera in London on June 29. (Photo: VNA) London (VNA) – National Assembly (NA) Chairman Vuong Dinh Hue received leaders of some enterprises of the UK in London on June 29 (local time), part of his official visit to the European country. Talking to Prudential Chairwoman Shriti Vadera, the NA leader congratulated the firm on its successes in the world as well as in Vietnam, expressing his hope that it will continue operating successfully in the country and fulfill its social responsibility. He affirmed that the Vietnamese Government and NA are ready to consider and deal with the problems facing businesses, including those from the UK, when operating in Vietnam. Vadera said Prudential is delighted to be part of the country’s development, and it can help with this process by issuing long-term bonds. The insurer pledges to cooperate with the Vietnamese Government in green investment, insurance … [Read more...] about NA Chairman receives leaders of British enterprises in London

Businesses from abroad hope the government can create a strong roadmap for digital transformation in manufacturing, processing, and more - Le Toan After a decade in Vietnam, Israeli CEO of Renova Cloud Doron Shachar now sees high demand for cloud and big data analytics in the Vietnamese market, and is making plans to tap into this growth potential, including an increase in headcounts. He told VIR, “We already foresee a big gap in those skills. We look forward to contributing to the market’s growth with our abilities, experience, and building skills while supporting enterprises and small- and medium-sized enterprises in their cloud journey.” Cloud adoption is increasing in Vietnam – together with food and beverage manufacturers, many others in sectors like manufacturing and supply chain have begun to explore cloud opportunities, and the ecosystem has grown and expanded significantly, along different verticals and in different sectors. According to the Ministry of Information … [Read more...] about More tech-related legislation sought for foreign businesses

UK trade minister Anne-Marie Trevelyan said the country wants to be a part of Vietnam’s development story in the 21st century, and fostering bilateral trade relations is among its priorities. Vietnam and the UK should set a trade turnover target of over US$10 billion by 2023, which would be a meaningful step to mark the 50 th anniversary of Vietnam-UK diplomatic relations next year. Chairman of the National Assembly Vuong Dinh Hue (mid) at the forum. Source: VNA Deputy Prime Minister Le Van Thanh gave the remarks at the Vietnam-UK High-level Forum on Economy and Trade held on June 29. The event is one of the highlights of a visit to the UK by the high-ranking delegation from the National Assembly of Vietnam led by Chairman Vuong Dinh Hue from June 28-30. According to Thanh, the Vietnam-UK strategic partnership has progressed strongly over the years and contributed to socio-economic development in each country. Thanh expected the partnership would … [Read more...] about Vietnam-UK target US$10-billion trade turnover by 2023

HCM City calls for investment in many projects at the Viet Nam – Europe Business Forum held on Thursday. — VNA Photo Xuan Anh HCM City offers numerous investment and business opportunities for European businesses, a Viet Nam – Europe Business Forum heard on June 30. The event organised by the Investment and Trade Promotion Centre in HCM City heard that the city is soliciting investment in 197 projects in a number of areas such as traffic infrastructure, agriculture, housing, and healthcare. They include the US$761 million Elevated Road No 1 from Tan Son Nhat Airport to the city centre and the $255 million Northern Saigon 2 Wastewater Treatment Plant in Thu Duc City. As of last year the city had 1,044 projects set up by EU businesses out of the 2,263 they had in Viet Nam with investments totalling $6.45 billion, or 12.18 per cent of the city’s total FDI. Vo Van Hoan, deputy chairman of the city People’s Committee, said: “With the EU’s assistance in the form of expertise, … [Read more...] about HCM City attractive investment destination for Europe: forum