Leaders meeting

Vietnamese leaders have sent congratulatory messages to leaders of the U.S. government and Congress on the occasion of the country’s 246th Independence Day. State President Nguyen Xuan Phuc and Prime Minister Pham Minh Chinh sent their congratulations to U.S. President Joe Biden on Monday, according to the Ministry of Foreign Affairs. Chairman of the National Assembly Vuong Dinh Hue also extended greetings to President of the Senate Kamala Harris and Speaker of the House of Representatives Nancy Pelosi. On the same day, Minister of Foreign Affairs Bui Thanh Son sent a congratulatory message to U.S. Secretary of State Antony Blinken. Vietnam and the U.S. established bilateral relations in 1995, paving the way for a partnership of trust, friendship, and mutual respect. The bilateral relationship is guided by the comprehensive partnership signed in 2013 and joint statements issued by the leaders of the two countries in 2015, 2016, and May and November 2017, according to the … [Read more...] about Vietnam leaders congratulate US on 246th Independence Day

He pointed out that the world situation developed complicatedly over the past time with strategic competitiveness, the conflict in Ukraine, soaring fuel prices, escalating inflation in many countries, and the ongoing COVID-19 pandemic, among others. The pressure of high inflation, surging commodity prices and disrupted supply chains could be felt in Vietnam, the PM continued. However, under the sound leadership of the Party led by General Secretary Nguyen Phu Trong, and with the support of the National Assembly and the drastic management of the Government, engagement of ministries, agencies, localities, people and businesses, and the support of international friends, Vietnam has brought the pandemic under control and ensured macro-economic stability and major economic balances. The country has also worked to safeguard its independence, sovereignty and territorial integrity; maintain social security, order and safety; intensify external relations; step up administrative reform and … [Read more...] about Cabinet meeting looks into socio-economic situation

Vietnamese Minister of Education and Training Nguyen Kim Son has proposed that education fees be waived for all public middle schools across the country. The education minister put forward the proposal during an online conference with central- and local-level leaders on Monday morning. Son expects that his proposal will benefit students from grade sixth to ninth starting the 2022-23 school year, which is set to begin in less than two months. He requested the education ministry’s sub-units to work with the Ministry of Finance on evaluating the impacts of the proposed tuition exemption and calculating the state budget needed for this plan. Such tuition exemption is not a new proposition of the Ministry of Education and Training. In 2016, the government assigned the ministry to coordinate with the finance ministry in drawing up a similar scheme with a specific timeline while prioritizing investments for kindergarten and elementary education. Vietnam has made elementary … [Read more...] about Vietnam minister proposes making middle school free next year

The Business Climate Index is the leading indicator of the European business and investment community in Vietnam. European businesses in Vietnam expressed their positiveness about Vietnam’s prospects for green growth, according to the latest Business Climate Index (BCI) released by the European Chamber of Commerce in Vietnam (EuroCham) and YouGov Vietnam. CEOs of European businesses gather an event in Ho Chi Minh City last April. Photo: EuroCham According to the BCI, nearly 80% of participants said their assessment of Vietnam’s green development potential improved from the first quarter of this year. About 44% of the respondents have good and excellent outlook regarding the potential for Vietnam’s green and sustainable development. Regarding the link between green growth and foreign-direct investment (FDI), nearly 90% of the respondents believed Vietnam should accelerate green sector development to attract more foreign investment. EuroCham Chairman Alain … [Read more...] about European businesses positive about Vietnam’s prospects for green growth

Vietnam’s economy has performed well amid a difficult global environment in the first six months of the year. The Vietnamese Government would stay focused on stabilizing macro-economic conditions, containing inflation, and keeping all major balances intact. Overview of the meeting. Source: VGP Prime Minister Pham Minh Chinh gave his conclusion at the monthly Government meeting held today [July 4]. According to Chinh, Vietnam’s economy has performed well amid a difficult global environment in the first six months of the year. Chinh highlighted the GDP growth of 7.72% in the second quarter, the highest second-quarter growth since 2011, and the six-month GDP growth of 6.42%. Such  half-year growth rate is even higher than the pre-pandemic one. (6.38% in the 2016-2019 period). In this context, 44 out of 63 provinces/cities posted economic growth of over 6%, which showed a consistent recovery level among localities, he said. Other positive factors include … [Read more...] about Vietnam to solidify macro-economic stability: PM

At the  HCMC Party Committee's 13 th  meeting (photo:SGGP) Tomorrow, the one-day conference will concentrate on the discussion and assessment of reports relating to implementation results of the socio-economic plan and the Party building work in the first six months of 2022, solutions that will be carried out in the second half of the year. According to the Ho Chi Minh City People's Committee, in the first six months of the year, Ho Chi Minh City's socio-economy continued to recover strongly with V-shaped growth and it has been maintained stably. HCMC continues to well control the Covid-19 pandemic situation, consolidate the conducted health strategy, and associate the health strategy with other strategic activities and plans. Many cultural, literary and artistic activities brought pervasiveness, especially programs to celebrate public holidays. As for the diplomatic task, political security and social order and safety have continued to be maintained. In the first six months … [Read more...] about 15th plenary conference of HCMC Party Committee to open on July 5

Chairman of the HCMC People’s Committee Phan Van Mai (R) and Frankfurt Mayor Peter Feldmann at the meeting. (Photo: VNA) Mai said HCMC views Frankfurt as one of the key foreign localities in its external relations. He noted as there remains much potential for bilateral cooperation, the two sides should step up partnerships in trade, investment, information technology, science, environmental protection, and tourism. Meanwhile, Feldmann expressed his hope that in the time ahead, the two cities will further intensify exiting relations and expand cooperation to the areas matching HCMC’s interest and Frankfurt’s strength such as information technology, education, and environmental protection. During their working trip, the Frankfurt delegation will attend the opening ceremony of the city’s representative office in HCMC and an international automotive industry exhibition. They will also visit some German enterprises operating in the southern economic hub of Vietnam. VNA … [Read more...] about HCMC hopes for stronger ties with Germany’s Frankfurt city

The Hanoi Opera House has been selected as a destination for culture and tourism. According to the Ministry’s plan, a 30-minute program and an hour-long program would be performed by actors and actresses at theaters such as Vietnamese Cheo, Vietnamese Tuong, Vietnamese Dance and Music. The Ministry expected that a combination of musical performance and a cultural tourism product with Vietnamese identity will attract more holiday-makers to the country. Moreover, artists can earn extra income and the tourism industry also has more experience products for visitors. After the initial enthusiasm, everything was confused because the performance was not as good as an expectation; hence, travel agencies were not interested in it and the project has been also gradually unsuccessful. After two years of the Covid-19 epidemic, when theaters reopened and the tourism sector revived with more travelers, artists returned to look for opportunities from tourists. However, leaders of the art … [Read more...] about Project of combination on theater and tourism unsuccessful

View of the online conference between the Government and the localities related to the city’s socio-economy. The proposal was released by chairman Mai at an online conference between the Government and the localities related to the city’s socio-economic reports in the first six months and assigned missions in the second half of the year, implementing resolutions of the third plenary session of the 15th-tenure National Assembly on July 4. Chairman of the Ho Chi Minh City People’s Committee Phan Van Mai speaks at the conference. At the city’s working place, chairman Mai informed prompt and comprehensive recovery of the city's socio-economy and it is expected to reach the growth as the pre- Covid-19 pandemic period. Specifically, the city’s economic growth in the second quarter surged by 5.74 percent and up to 3.82 percent in the first half of the year. The budget revenue has reached 61.7 percent which would promote the whole year’s economic growth to 6-6.5 percent. … [Read more...] about HCMC proposes Government promulgate implementation resolution of Ring Road 3

EuroCham President Alain Cany In comparison to the first quarter of 2022, European investors' confidence in Vietnam's growth potential has decreased. Approximately 60 percent of respondents predict that Vietnam's economy will stabilize or improve in the third quarter of 2022, while this figure was 69 percent the previous quarter. Around 45 percent of survey respondents said they were very satisfied or satisfied with Vietnam's efforts to attract and retain foreign direct investment (FDI), while 76 percent expect their company to raise capital. FDI into Vietnam before the end of the third quarter. However, regarding Vietnam's green growth prospects, 79 percent of business leaders said their assessment of Vietnam's green development potential has improved. Nearly 90 percent of respondents think that Vietnam should strengthen the development of the green sector to attract more foreign investment. The survey also identified barriers to European investment in Vietnam and trade … [Read more...] about Business Climate Index in Vietnam drops: EuroCham Vietnam