Life insurance growth

Ho Chi Minh City’s economic growth will be more positive this quarter with the gross regional domestic product (GRDP) growth estimated at 5.87 percent, well above the modest 0.7 percent last quarter, chairman of the municipal People’s Committee Phan Van Mai said during a group discussion on Tuesday at the ongoing National Assembly (NA) sitting. With this result, the city may achieve an economic growth rate of 3.55 percent in the first half of the year, chairman Mai cited statistics from the General Statistics Office as saying at a group discussion on a draft resolution on piloting breakthrough policies for Ho Chi Minh City. The city’s industry and construction sector was forecast to improve 4.77 percent this quarter and 0.8 percent in the first half of the year as a whole. The sector fell 3.6 percent last quarter. Meanwhile, the service sector was expected to surge 7.16 and 4.96 percent this quarter and the first half, respectively. “This results from great efforts of the … [Read more...] about Ho Chi Minh City’s economic growth projected at 5.87 percent in Q2

The Department of Industry and Trade of Ho Chi Minh City has said it will join hands with cross-border e-commerce platforms to support local exporters in shipping products to the world on a larger scale and in a more professional way. This is among the solutions that the city will adopt this year to help Vietnamese enterprises overcome difficulties and foster industrial production, trade, and green export. Enhancing business via online and digital channels will help exporting enterprises reduce costs and access customers faster, said Nguyen Nguyen Phuong, deputy director of the municipal Department of Industry and Trade. The department has worked with many e-commerce platforms and service providers to come up with support solutions, Phuong noted. Enterprises also need to take the initiative in cooperating with partners to better meet the requirements in importing markets. Huynh Kim Tuoc, co-chairman of the Digital Economy and Technology Committee under the American … [Read more...] about Ho Chi Minh City to boost online exports

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

The Consulate General of India in Ho Chi Minh City will team up with the Vietnam Yoga Federation to roll out the 2023 International Yoga Day in 22 provinces and cities in Vietnam’s southern region at the end of June. This edition will be the biggest ever since the yoga fest was first launched in the Southeast Asian nation in 2015, Consul General of India in Ho Chi Minh City Madan Mohan Sethi told a press briefing on Tuesday. The yoga event is part of a wide range of cultural exchange, tourism, trade, and investment promotion events to mark 50 years of diplomatic ties between Vietnam and India, said the consul general. Speaking at the press conference, Sethi affirmed that Vietnam plays an important role in India’s Act East Policy, an effort by the Indian government to cultivate extensive economic and strategic relations with Southeast Asia. India strongly believes in Vietnam’s support, he added. “Both India and Vietnam see mutual respect and trust as the pivot of long-lasting … [Read more...] about Int’l Yoga Day to take place in 22 localities across Vietnam in late June

Participants at the event were updated on the current situation of the country's sea and islands, efforts to combat IUU fishing associated with the responsibilities of union members and fishermen towards having the “yellow card” imposed by the European Commission on Vietnamese fishery products removed. According to the Vietnam General Confederation of Labor, the VFTU has 90 chapters in 16 out of 28 coastal provinces and cities, with nearly 18,000 members and over 5,200 fishing vessels of more than 15m in length. In recent years, the VFTU has been proactive in popularizing legal documents on seas and islands and calling on its members and boat owners to combat IUU fishing. It has coordinated with relevant agencies in providing national flags, first aid kits and life vests to fishermen. The trade union has timely issued statements rejecting the unilateral fishing ban in the East Sea (South China Sea) by foreign countries, as well as protesting acts that hinder, drive away, attack … [Read more...] about Vietnam Fisheries Trade Union raises fishermen’s awareness on combatting IUU fishing

More than 50 staff volunteers from CLD (Vietnam) and The Ascott Limited participated in the drive that took place during the end-of-term celebrations held at the schools from May 24 to 29. Students at Thanh Phuoc Primary School receiving essential items during the end-of-term celebration In addition to the distribution of school equipment, CLD (Vietnam), through CHF , awarded scholarships to 22 high-performing fifth-grade students to cover their expenses, including school fees, textbooks, and health insurance, as they embark on their secondary school education. A representative from CLD (Vietnam) awarding scholarships at Quang Yen primary school in Phu Tho province The end of the school term also marked the completion of the Nutrition Project initiated by CLD (Vietnam) in collaboration with the International Dairy Products JSC (IDP), one of Vietnam’s fastest-growing dairy product firms. Through the Nutrition Project that is supported by CHF, … [Read more...] about CapitaLand Development distributes school essentials to 1,400 students

Keep up to date with the latest developments in Vietnam. Hanoi has a new chip development centre Delegates attend the opening ceremony of new chip development center. Photo: Infineon Technologies German semiconductor solutions provider Infineon Technologies announced on May 31 the establishment of a new chip development center in Vietnam's capital city of Hanoi. The center will focus on testing and customizing digital and analog signal circuits to support applications such as autonomous driving, battery monitoring, and balancing. The new office is expected to employ around 25 technical experts by the end of this year and will report to Infineon Technologies Vietnam, a subsidiary of Infineon Technologies Asia-Pacific. The center is expected to play a key role in Infineon's growth plans for its design and support services business. First ICHAM CUP Golf Tournament runs until August 7 The first ICHAM CUP golf tournament, organized by the … [Read more...] about Vietnam News Highlights for June 1, 2023