The Southeast Asian country holds tremendous potential to be a global trading hub. Vietnam is likely to earn US$618 billion in exports by 2030, with an annual growth rate of 7%, according to Standard Chartered. "Vietnam will be a key driver of this global trade growth, outpacing the global average of 5% by a significant two percentage points," said the research report titled "Future of Trade: New opportunities in high-growth corridors". Vietnam will be a key driver of this global trade growth. Photo: dinhvuport.com.vn The UK-based bank projects that global trade will reach $32.6 trillion with a growth rate of 5% by 2030. Trade corridors anchored in Asia, Africa, and the Middle East will outpace the global trade growth rate by up to four percentage points, driving combined trade volume to $14.4 trillion to account for 44% of international trade by 2030. Mainland China, South Korea, and the US are expected to be Vietnam’s key trade partners in the … [Read more...] about Vietnam’s exports to hit $618 billion by 2030
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World Bank approves 176-million-USD fisheries project in Philippines
Illustrative image. (Photo: VNA) Hanoi (VNA) - The World Bank (WB) on May 31 approved a 176-million-USD loan to fund a fisheries project that aims to improve fisheries management, enhance the value of fisheries production , and raise income s for coastal communities in the Philippines. The project is expected to benefit more than 1.5 million fisherfolk, small-to-medium businesses, and residents in coastal communities, the multilateral lender said in a statement. According to the WB, the fisheries sector contributes 1.3% to the Southeast Asian country's gross domestic product. It provides approximately 1.6 million jobs, or around 4% of the labour force, including for low-income families engaged in subsistence fishing. However, the sector has faced challenges, with fish stocks declining by an average of 20% over the past decade due to over-exploitation, destructive fishing methods, habitat degradation, and negative impacts from land-based activities. This … [Read more...] about World Bank approves 176-million-USD fisheries project in Philippines
Internet speeds up as four of five undersea cables repaired
Illustrative photo (Photo: businessinsider.com) Hanoi (VNA) – Four out of the five international undersea cables that were damaged last year and early this year have been repaired, the Department of Telecommunications under the Ministry of Information and Communications announced on June 1. Up to now, only the Asia Pacific Gateway (APG) internet cable that connects Vietnam with the rest of Asia is still experiencing errors. The APG, with 10,400 km of cable under the Pacific Ocean, is the cable with the largest bandwidth connecting to Vietnam. It provides a maximum bandwidth of 54 terabytes per second and opened in 2016. In late December 2022 and mid-January this year, the cable had an problem with its connection to Hong Kong and another cable 151 km offshore. The two errors affected the entire line. The errors on APG route are expected to be fixed in June. With the completed repair and restoration of normal operation by four undersea cable routes - IA , SMW3, AAE-1 … [Read more...] about Internet speeds up as four of five undersea cables repaired
FPT IS and SAP introduce new ERP cloud solution
FPT IS teamed up with SAP to introduce the brand-new ERP cloud solution at a seminar last week centred around growing a business with cloud-based solutions. The seminar attracted more than 100 senior leaders from enterprises in various fields such as manufacturing, trade and services, retail, technology, finance and banking, among others, indicating great interest from the market towards the solution. The seminar "Business growth with SAP S/4HANA Public Cloud" was jointly organised by FPT IS and SAP Speaking at the event, Phan Thanh Son, chief business development officer, FPT IS , noted that the uncertainty and constant fluctuations in the market require firms to equip a solid and flexible management system that can adapt to increasingly rapid and diverse systematic changes. In Son's words, “SAP's new ERP cloud solution delivers an open approach for enterprises of all sizes and from different industries to quickly adopt management processes compliant with … [Read more...] about FPT IS and SAP introduce new ERP cloud solution
New Quang Binh adventure tour
Quang Binh Province, famous for cave tours, is offering a new travel experience that allows tourists to slide down a 600-metre-long line amidst a hidden valley inside Phong Nha-Ke Bang National Park. Quang Binh, home to UNESCO heritage site Phong Nha-Ke Bang National Park, is famous for its pristine caves and beautiful tourism sites. Along with famous places such as Thien Duong Cave, Chay River - Dark Cave, Nuoc Mooc Stream, Ngoc Bich Valley in Phong Nha-Ke Bang has become an emerging tourist destination. Ngoc Bich is located in Chay Lap Village, Phuc Trach commune, Bo Trach District. Covering 12 hectares, the valley is surrounded by high mountains, green jungle with Chay River flowing through, creating a beautiful natural landscape in the heart of Quang Binh. The most ideal time to visit Ngoc Bich Valley is in the summer. Due to its location right next to Dark Cave, the valley has a section of the Chay River flowing … [Read more...] about New Quang Binh adventure tour
Symposium urges youths to quit smoking
Illustrative image (Photo: AFP) Hanoi (VNA) - The Central Committee of the Ho Chi Minh Communist Youth Union (HCYU), the Health Ministry’s Fund for Prevention and Control of Tobacco Harms and the Global Public Health Organisation Vital Strategies held a symposium in Hanoi on May 31 to discuss the harmful effects of e-cigarettes in schools. The event attracted the participation of over 600 students from the Hanoi University of Industry. They had a chance to join a mini-game to learn about the detrimental effects of e-cigarettes. Nguyen Tuan Lam, an expert in non-communicable disease prevention at the World Health Organisation (WHO)'s office in Vietnam cited data from the WHO as saying that there are currently about 20,000 flavorings in e-cigarettes, many of which are yet to be fully evaluated for health hazards. Nguyen Thi Thu Huong from the fund also warned that e-cigarettes could contain drugs that cause addiction, especially among young people. She said the … [Read more...] about Symposium urges youths to quit smoking
Vietnam arrests 3 S.Koreans on Interpol’s red list
Police in Ho Chi Minh City recently collaborated with the Ministry of Public Security’s Department of Cybersecurity and relevant agencies to apprehend three South Korean individuals, who had been the subjects of an Interpol red notice for involvement in high-tech crimes. These foreigners, namely 49-year-old Jeong Ki Won, 40-year-old Park Jai Hyung, and 43-year-old Jang Woo Jin, entered Vietnam under the guise of foreign investors and experts who had endorsements from different businesses in Ho Chi Minh City, thereby obtaining visas and temporary residence cards through legal channels, a representative of the city’s Department of Public Security said on Thursday. Park came to Vietnam on September 20, 2022, Jeong entered the country on March 23, 2023, and Jang followed suit on March 28, 2023. This supplied photo shows police officers arresting 49-year-old South Korean Jeong Ki Won. The Interpol red notice showed that the three individuals established and ran a … [Read more...] about Vietnam arrests 3 S.Koreans on Interpol’s red list
Roche shares insights on healthcare trends at Roche Innovation Day 2023
A panel discussion at the Roche Innovation Day 2023 in Viet Nam. — Photo courtesy of the company Roche Vietnam has collaborated with the Ho Chi Minh City Association of Clinical Biochemistry to host the Roche Innovation Day 2023 in Viet Nam, an event to showcase its advanced diagnostic solutions accompanying crucial healthcare trends in Asia Pacific. The event features inspirational and concrete best practices from prestigious hospitals in APAC and Roche Global that highlight key learnings in improving lab performance, clinical practices, and healthcare system efficiency that impact greatly patient outcomes. Over 300 hospital directors, laboratory leaders, healthcare professionals, and associations across the country participated in the event. Roche Innovation Day 2023 is an opportunity for leading healthcare professionals in the region to discuss five critical trends shaping the industry landscape in the coming years, including patient-centric care; data-driven care; … [Read more...] about Roche shares insights on healthcare trends at Roche Innovation Day 2023