Nam region

National Assembly Chairman Vương Đình Huệ (left) had a meeting with Hungarian Prime Minister Viktor Orbán on Tuesday in Budapest. — VNA/VNS Photo Doãn Tấn BUDAPEST — Vietnamese National Assembly Chairman Vương Đình Huệ said his visit to Hungary is an opportunity to deepen and promote the comprehensive partnership between Việt Nam and Hungary, especially parliamentary ties. The top Vietnamese legislator made the remarks as he met Hungarian Prime Minister Viktor Orbán on Tuesday in Budapest, expressing his delight at the visit, and the chance to meet close friends of Việt Nam. Huệ said the visit would open up new cooperation areas between the two countries in multilateral or regional forums. The Vietnamese and Hungarian leaders concurred that the two countries had enjoyed a close-knit, time-tested, loyal relationship, a valuable asset that not many countries have had, so all present and future leaderships and peoples of the two countries should ensure its continuing growth. … [Read more...] about Việt Nam, Hungary to further promote trade, politics, and people-to-people exchanges: Leaders

Bún bò Huế (Huế beef noodle soup), is introduced at the "100 Dishes of Huế Street Food 2022” festival. — VAN/VNS Photo Công Đạt THỪA THIÊN HUẾ — A food festival featuring 100 delicious dishes from the central province of Thừa Thiên - Huế is being held at the pedestrian street along the Hương River. “100 Dishes of Huế Street Food 2022” is organised by the Thừa Thiên – Huế Tourism Association, in collaboration with the provincial Department of Tourism and Huế Festival Centre. It is part of the celebration of Huế Festival Week 2022 that is ongoing at the ancient capital until tomorrow (June 30). Chefs from restaurants and hotels in the city have elaborately prepared dishes and artistically presented them, creating a rich culinary space for visitors. At the same time, this activity also honours and promotes the unique culinary and cultural values of Thừa Thiên – Huế. The ceremonial costume of a mandarin of the Nguyễn Dynasty displayed at Huế Museum of Fine … [Read more...] about Food market and ancient exhibition enlivens Huế Festival Week 2022

Minister of Natural Resources and Environment Trần Hồng Hà gives a speech at the conference. — VNA/VNS Photo Tuấn Anh HÀ NỘI — The Ministry of Natural Resources and Environment on Tuesday chaired a conference to discuss a national action plan for Việt Nam's circular economy. Speaking at the conference, Minister of Natural Resources and Environment Trần Hồng Hà said that climate change, environmental pollution and natural ecosystem decline were crises for humanity today. Last month, the World Meteorological Organisation released four key indicators of climate change, including greenhouse gas concentrations, sea level rise, ocean heat and ocean acidification. The indicators set new records in 2021, showing that human activities are causing planetary-scale changes on land, in the oceans, and in the atmosphere, with serious and lasting consequences for sustainable development and ecosystems. “This is the consequence of the unsustainable model: resource extraction - production - … [Read more...] about National action plan for circular economy to be set up

VASEP proposed practical solutions to decrease logistics cost in the near future Chairman of Vietnam Tourism Association Vu The Binh stated that to promote the recovery of this industry in the near future, there must be new interesting tour packages to attract international tourists, along with favorable conditions to welcome them to Vietnam. He proposed a working session between the tourism and aviation industries to introduce the most reasonable prices for these new packages. Deputy General Secretary of Vietnam Association of Seafood Exporters and Producers Nguyen Hoai Nam shared that the high fuel prices have created pressure on many businesses, and many fishermen have stopped their work. He suggested some solutions to reduce logistics cost, including digital transformation among member businesses, which was wholeheartedly welcomed by Minister Dung with the promise to support any needy enterprises in order to increase their competitiveness. Vice Chairwoman of Vietnam … [Read more...] about Vietnam collecting feasible solutions to boost production, trading, investment

Tibor Novak, director of Gedeon Richter, talks to Vietnamese National Assembly Chairman Vuong Dinh Hue. — VNA/VNS Photo Doan Tan As part of his official visit to Hungary, National Assembly (NA) Chairman Vuong Dinh Hue met with entrepreneurs with business operations in Viet Nam on Tuesday. During talks with the heads of multinational companies Gedeon Richter and Egis, the NA Chairman said that pharmaceuticals had great potential for cooperation in Viet Nam with multiple preferential policies. Specialising in biotechnology and pharmaceuticals, Gedeon Richter’s products entered the Vietnamese market in 1954 and officially established a representative office in 1995. Egis set up an office in Viet Nam in 2000 and is planning to expand its local operation by upscaling this establishment to be the representative office for ASEAN. NA Chairman Vuong Dinh Hue (centre) meets with the leaders of Egis Pharmaceuticals. — VNA/VNS Photo Doan Tan Taking into consideration the … [Read more...] about NA Chairman meets Hungarian entrepreneurs during official visit

Inside a wood production line of Truong Thanh Furniture Corporation. — Photo truongthanh.com As wood export turnover is rebounding with rising demand in the domestic market, the revenues of wood enterprises are expected to advance. However, skyrocketing prices of raw materials and logistics costs will weigh on these companies’ gross profit margin in 2022. VNDIRECT Securities Corporation (VNDIRECT) estimated that the total revenue of listed wood and wood products companies in the first quarter (Q1) of 2022 rose by 10.2 per cent year-on-year thanks to the recovery of wood producers in the south. After the social distancing order was lifted, most wood companies in the southern region resumed operations at 90 per cent capacity in the first quarter of 2022, while in the second half of 2021 it was only 60-65 per cent. The export wood enterprises achieved better business results in Q1 of 2022. Specifically, Truong Thanh Furniture Corporation (HoSE: TTF) and Phu Tai JSC (HoSE: PTB) … [Read more...] about Rising costs cast doubt on wood companies growth prospects