Modern industrial office furniture

Producing wooden furniture for export at Trieu Phu Loc Furniture Co., Ltd, Tan Uyen Town, Binh Duong Province. — VNA/VNS Photo Wooden furniture exports from Southeast Asian markets to Australia grew sharply in the past year, with Viet Nam leading the way on US$205.6 million, up 26.4 per cent year-on-year. Following Viet Nam is Malaysia with $101.9 million and Indonesia with $61.7 million. The proportion of wooden furniture imports from these three markets accounted for 22.9 per cent of the total value of wooden furniture imports into Australia. The Import-Export Department, Ministry of Industry and Trade, quoted statistics from the General Department of Customs saying that the export value of wooden office furniture reached $28.4 million in December, a year-on-year decline of 28.6 per cent. The export value of wooden office furniture reached $370.3 million last year, down 15.9 per cent over the same period in 2021. In the structure of wooden furniture exports last year, … [Read more...] about Viet Nam leads Southeast Asia in wooden furniture exports to Australia

The new office in Hanoi signifies Frasers Property’s commitment to Vietnam’s economic development, underscoring the confidence it has in the long-term growth potential across the country. The new office is located in the HCO Building in Hoan Kiem district within Hanoi’s bustling downtown, while Frasers Property’s premier representative office continues to be located at Melinh Point within Ho Chi Minh City’s central business district. This expansion is supported by a strong team to match Frasers Property's ambitions. Frasers Property CEO Panote Sirivadhanabhakdi (front right) and FPV CEO Lim Hua Tiong (front left) on the opening day of the new office Edwin Tan, deputy CEO of FPV, said, "The company has seen significant growth in the scale and operation of our business over the past few years, and we are now looking to expand and scale nationally." “The opening of our Hanoi office is part of FPV's overall growth plan, bringing us closer to our valued real estate … [Read more...] about Frasers Property opens Hanoi office

VinAI Research Founding Director & CEO Bui Hai Hung presents flowers to speakers, and partners accompanying AI Day 2022 (Photo: VNA). Hanoi (VNA) – Artificial Intelligence (AI) Day 2022 officially opened in Hanoi on August 26, attended by both leading Vietnamese and foreign AI experts. The two-day event is organised by VinAI Research - the tech arm of Vingroup, the biggest conglomerate of Vietnam, with the support of the Ministry of Science and Technology, and the National Innovation Centre. It brings together leading researchers, policymakers and practitioners from all over the world to exchange on how AI is transforming societies, economies, and the environment. Under the theme of ‘Empower the Future’, AI Day 2022 features three tracks: AI for Global Equality, AI for Sustainable Development, and AI for Safety. Specifically, during the discussion on AI and Sustainable Development, speakers analyse the social and environmental impacts of designing, developing and … [Read more...] about AI Day 2022 kicked off, seeking ways to develop AI industry in Vietnam

Delegates at the 26th Meeting of ASEAN Tourism Ministers (Photo: VNA) Jakarta – Deputy Minister of Culture, Sports and Tourism Doan Van Viet has called on other ASEAN member countries to support and cooperate with each other in tourism development. Speaking at a press conference on the ASEAN Tourism Forum (ATF) 2023 in Indonesia on February 5, the official said apart from traditional markets that have experienced difficulties, ASEAN should seek new ones and adjust some policies relating to aviation connection and visas. He also suggested the bloc continue implementing tourism development strategies for 2016-2025 and adjust and update them after each meeting of ASEAN tourism ministers. Viet described culture as the core value of the regional tourism and a unique factor helping the countries attract tourists. Sharing Viet’s view, Philippine Tourism Secretary Christina Garcia Frasco also suggested the ASEAN countries come together to offer unified tourism packages. “We have … [Read more...] about Vietnam calls for ASEAN cooperation to spur tourism development

Prime Minister Pham Minh Chinh speaks at the conference. (Photo: VNA) Binh Dinh (VNA) – Prime Minister Pham Minh Chinh urged the north-central and central coastal regions to create more breakthroughs in development to match their potential and advantages while addressing a conference in Quy Nhon city, Binh Dinh province, on February 5. The conference touched upon the implementation of the Government’s action plan to materialise the Politburo’s Resolution No. 26-NQ/TW dated November 3, 2022 on orientations for socio-economic development and national defence and security in the two regions by 2030 with a vision towards 2045. It was also intended to promote investment in the regions with the theme of “Linkage - Breakthroughs from maritime economy - Rapid, sustainable development.” The regions hold strategic positions and roles of special significance in terms of economy, especially maritime economy, politics, culture, social affairs, environment, external relations, … [Read more...] about PM asks north-central, central coastal regions to create development breakthroughs

Tailoring is one of the oldest professions in Hanoi. What brought you to the profession? I am a second-generation descendant of a family with more than 70 years of working in this area. My father also opened a tailor shop specialising in serving foreigners in the 1950s, when the tailoring profession in Hanoi was still very primitive and the designs and fabrics were monotonous. Canadian Ambassador to Vietnam Shawn Steil visits Van Hung Tailor Hanoi in the 1980s did not have many tailors. Tailoring as a profession was an ideal choice for young people who do not go to college. I studied sewing technology at school, now the Hanoi Vocational School of Cookery, Tourism, and Fashion. This is also the only training institution in tailoring supported by Germany, with only around 100 graduates per year. I was honoured to be one of the 10 best candidates to win a contest organised by the Ministry of Industry and Trade in conjunction with the Berlin Fashion Institute of … [Read more...] about Lifelong love for suit tailoring

Consumers in the UK have been increasingly keen on Vietnam’s rice, especially after ST25 was honored as the best rice variety in the world in 2019, Nguyen Canh Cuong, trade counselor at the Vietnamese Embassy in the UK, told Tuoi Tre (Youth) newspaper. UK companies have paid much attention to Vietnam’s rice due to a higher demand in their country and incentives in the UK-Vietnam Free Trade Agreement (UKVFTA). In particular, the UK has waived the import tariff on Vietnam’s fragrant rice instead of imposing a 17.4-percent tax rate as earlier. Vietnam’s rice value on the rise According to statistics from the Vietnam Trade Office in the UK, the European country’s rice imports from Vietnam rose in 2020 and 2021. In 2020, before the UKVFTA took effect, Vietnam’s rice exports to the UK surged to some 3,400 metric tons worth US$2.67 million from nearly 1,300 metric tons in the previous year. Vietnam’s rice exports to the UK fell 20 percent in volume but inched up four percent … [Read more...] about Vietnam’s rice increasingly preferred in UK

As of the end of last year, the total outstanding loans for real estate projects in Vietnam hit over VND1,200 trillion (US$51.5 billion), according to the Ministry of Construction. Property enterprises borrowed some VND800 trillion ($34.1 billion) from banks and issued bonds worth roughly VND419 trillion ($17.9 billion) via private placement. In particular, banks offered loans worth about VND180.7 trillion ($7.7 billion) for urban area and housing projects in 2022, or 22.8 percent of the total loans for the real estate sector. In addition, loans for office for lease projects and industrial and export processing zones stood at more than VND41.8 trillion ($1.8 billion) and VND40.1 trillion ($1.7 billion), respectively. Meanwhile, investors of tourist site and resort projects asked for loans of nearly VND32.7 trillion ($1.4 billion). The figures were over VND57.5 trillion ($2.45 billion) for restaurant and hotel projects, VND144.2 trillion ($6.1 billion) for projects to build … [Read more...] about Property loans in Vietnam top $51bn in 2022

This is an important basis for affirming the capacity of Vietnam’s seaports and creates a premise for shipping lines to use the country’s seaports as important links in global shipping chains. Vietnam’s seaport infrastructure has been increasingly developed in recent times, contributing to improving service quality and competitiveness. The country enjoyed a trade surplus of 3.6 billion USD in the opening month of 2023, according to the General Statistics Office. The US remained the biggest importer of Vietnamese goods in January, with revenue of some 7.6 billion USD, while China was the biggest exporter to Vietnam, with 8.1 billion USD. In 2023, the Ministry of Industry and Trade sets a target of a 6% rise in goods export revenue, with trade surplus maintained./. VNA … [Read more...] about Vietnam ranks 2nd in Asia in two-way trade by sea with US

Thuy is a third-year Ph.D student at Rutgers University where she is studying applied mathematics. Last October, she submitted her resume to Google in the hope of landing a research internship in the field of science and technology. However, that plan is currently on hold due to the recent layoffs in the sector. "I feel like I’m in limbo," she said. Thuy is disappointed because she put in a lot of work preparing for interviews with companies she had applied to, which have recently put these jobs on hold again due to the current job cuts. The Vietnamese student revealed that she had applied to be an intern at Amazon, but in November 2022, she received a notice saying that the interview had been postponed. And then she surprisingly heard nothing more about her application. It was also disconcerting for Huy Anh, a third-year computer science student at Texas A&M University, to see the social media app Snap Inc let go of 20% of its staff, including his mentor, during the final … [Read more...] about US big tech mass layoffs leave Vietnamese international students in limbo