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The constant rise in fuel prices has caused up to 55 percent of 99,000 fishing boats throughout Vietnam to stay ashore to avoid losses, according to the Ministry of Agriculture and Rural Development, which is calling for financial supports for fishermen. Fuel has become a so huge expense that many fishermen in the country are having trouble making a living. Gasoline and oil demand for fishing activities averages out at 330 million liters per month, according to the agriculture ministry, while the price of diesel 0.05S, the main fuel for fishing vessels, has spiked by 65 percent, or VND11,441 (US$0.49) per litter, since December 2021. In total, fuel costs needed to maintain normal fishing activities have skyrocketed by about VND3.776 trillion ($162.4 million) a month. While fuel costs usually account for 45-60 percent of fishing expenses, the other costs have also increased by 10-15 percent, raising the total expenses by 35-48 percent on average. Meanwhile, the increase in … [Read more...] about Vietnam agriculture ministry urges aid for fishermen as rising fuel prices keep them ashore

AMATA VN Group is said to be one of the leading industrial park developers in Vietnam. It has set up a footprint in the country with a total of six projects – both developed and still under development – covering an area of 2,500 hectares with total investment capital of about $840 million. The group successfully called in over $4 billion of foreign direct investment capital from more than 170 tenants and has created jobs for more than 60,000 local citizens. With a proven record of over 25 years in Vietnam, sustainability has always been a crucial part of its business operations. Through many challenges in the past few years, AMATA is proud to be among the drivers of economic growth in the communities it calls home. AMATA working towards smart and sustainable cities of the future Climate change is an emerging global challenge and the United Nations has been calling for urgent action. The Vietnamese government showed a strong commitment to net-zero carbon emissions by … [Read more...] about AMATA to play a part in smart sustainable cities of the future

The People’s Army Newspaper would like to introduce the full interview with Prof. Carl Thayer. Reporter: General Giang highlighted in his speech that Vietnam modernizes its military to protect the Fatherland only. What is your opinion? Can you give examples for that? Prof. Carl Thayer: Vietnam has been modernizing its military since the mid-1990s with priority on the navy and air defense - air force. Vietnam has also consistently allocated about 2 percent of its GDP to the defense budget. In other words, Vietnam’s military modernization process is not new. Over a quarter century Vietnam has acquired patrol boats, missile fast attack craft, Gepard-frigates, Kilo-class conventional submarines, Su-27 and Su-30 modern jet aircraft, Bastion coastal defense missiles, and surface to air, air-to-air, and anti-ship missiles. The number and armament of these platforms are sufficient for protecting Vietnam’s national interests in defending itself and protecting sovereignty of its … [Read more...] about Part 3: Transparency and strategic-trust building enhanced

Role of press highlighted in promoting development Nguyen Thu Lan, a consultant from a Hanoi-based US-invested investment consultancy firm, two weeks ago completed a digital transformation report for the firm’s three potential American clients, who are exploring Vietnam’s investment climate. Lan had to seek information from many sources for the report, including local newspapers. She also found detailed information on Vietnam’s macroeconomic situation and digital transformation in VIR, which features a new hallmark scheme from the government on supporting industrial enterprises in smart production development. Lan said, “I am very happy as I had been seeking such information for months. More importantly, such information was cited from an original source,” she said. Under the draft scheme, expected to be enacted by the government soon, just over one-third of Vietnamese businesses will implement digital transformation effectively by 2025, and the rate will increase to 85 per … [Read more...] about Role of press highlighted in promoting development

Attending the ceremony, Prime Minister Pham Minh Chinh highlighted the development of Vietnam’s revolutionary press over the past 97 years, stressing that it has contributed greatly to the struggle for national liberation and the national construction and defense cause. The PM congratulated 115 authors and groups of authors who have won prizes in the 16th National Press Awards, stressing that the awards honored and expressed thanks to journalists who had made important contribution to the country’s success in 2021, a year with unprecedented difficulties and challenges due to the COVID-19 pandemic. “The press has built trust and helped consolidate the great solidarity, consensus and support  of the people and businesses for the Party’s and State’s sound policies on a vaccine strategy and COVID-19 prevention and control program, enabling Vietnam to become one of the few countries leading the world in the vaccination rate,” he said. The Governmental leader also applauded the press … [Read more...] about Winners of 2021 National Press Awards honored

Inadequacies in salary are causing a shift of workers among foreign-invested enterprises. Taiwanese-backed Foxconn, the world’s largest iPhone contract manufacturer, is complaining about a battle to attract more affordable labour with its Chinese rivals in Vietnam. Young Liu, CEO and chairman of Foxconn, this month accused the company’s Chinese competitors of setting up campuses near its base in Vietnam to get closer to its workers. Foxconn’s campus, located in the northern province of Bac Ninh, currently employs around 60,000 workers, and the company has plans to increase that number over the next two years. Once the battle for workers becomes more serious, the company may face the risk of employee shortages. While the Foxconn CEO would not disclose the names of the competitors involved, the current crop of 31 companies – employing around 160,000 workers – that produce Apple products in Vietnam include major names such as Luxshare ICT, Pegatron Vietnam, and BYD Electronics … [Read more...] about Foreign groups battle to retain their workers

Hanoi (VNA) – The following is a brief review of the day’s events as reported by the Vietnam News Agency June 23. - Party General Secretary Nguyen Phu Trong and National Assembly (NA) deputies of Hanoi met voters in Ba Dinh, Dong Da and Hai Ba Trung districts on June 23 to inform them of the outcomes of the 15th NA’s third session and gather their opinions and requests. The meeting was held both in-person and online formats, drawing 1,225 local voters. Read full story -  Vietnam and Cambodia must further strengthen solidarity, cooperation and mutual assistance to deserve the contributions and sacrifices of previous generations and meet the aspirations and interests of their people, Minister of Foreign Affairs Bui Thanh Son has stated. Talking to the media on the occasion of the 55th anniversary of the establishment of the two countries’ diplomatic ties (June 24), Son said that the celebration of the anniversary is an opportunity for the two countries' people to review the … [Read more...] about ☕ Afternoon briefing on June 23

The talk show Digital transformation with 5G – The Path to Smart Factories in Vietnam hosted by VIR reviewed the trends of digital transformation and automation in Vietnam’s manufacturing sector At the talk show Digital transformation with 5G – The Path to Smart Factories in Vietnam hosted by VIR , Seck Yee Chung, member of the Steering Committee of the Vietnam Business Forum's Digital Economy Working Group said, “Companies from different industries have to adapt to new technologies to compete and survive. However, adaptation is not an easy process. I suggest companies can focus on the four As, which include awareness, accessibility, adaptation, and advancement." Chung added, “One of the challenges right now is knowledge. There are so many technologies and so many new exciting opportunities. You see it but where do you start. That is the stage where you are required to assess your needs to see what is critical and who can help you. Small and big companies may struggle to deal … [Read more...] about A more connected manufacturing sector through smart applications

Vice President Võ Thị Ánh Xuân (left) and Thai Prime Minister Prayut Chan-o-cha in Bangkok had talks in Bangkok on Friday. — VNA/VNS Photo Ngọc Quang BANGKOK — Vice President Võ Thị Ánh Xuân met with Thai Prime Minister Prayut Chan-o-cha in Bangkok on Friday, affirming that Thailand is always one of the leading partners of Việt Nam in the region. At the meeting, the two sides shared the view that the Việt Nam - Thailand enhanced strategic partnership had been thriving in all areas, with growing political trust, rising trade and investment, vibrant cultural and people-to-people exchanges, and expanding locality-to-locality ties. They agreed to increase all-level mutual visits and develop bilateral trade in a balanced and win-win manner to reach US$25 billion by 2025. The teaching of Thai and Vietnamese languages in each other’s countries would continue to be encouraged, and Việt Nam’s cultural and historical values in Thailand upheld, while locality-to-locality and … [Read more...] about Vice President Xuân meets Thai Prime Minister Prayut in Bangkok

At the meeting, the two sides shared the view that the Vietnam-Thailand enhanced strategic partnership has been thriving in all areas, with growing political trust, rising trade and investment, vibrant cultural and people-to-people exchanges, and expanding locality-to-locality ties. They agreed to increase all-level mutual visits and develop bilateral trade in a balanced and win-win manner to reach 25 billion USD by 2025. The teaching of Thai and Vietnamese languages in each other’s countries will continue to be encouraged, and Vietnam’s cultural and historical values in Thailand upheld, while locality-to-locality and people-to-people exchanges promoted, they said. Both sides also agreed that Vietnam and Thailand will enhance coordination to maintain the solidarity and centrality of the Association of Southeast Asian Nations (ASEAN), boost sub-regional cooperation such as in the Mekong sub-region and the Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS), and … [Read more...] about Vice President meets Thai Prime Minister in Bangkok