National research development corporation

Nguyen Thi Nga, General Secretary and Chief of Office of the NCYV speaks at the press conference (Photo: VNA) Hanoi (VNA) - An international forum to share experience in sketching out and implementing youth development policies will take place in Vietnam in both virtual and face-to-face form on November 29. The information was announced by the National Committee on Youth of Vietnam (NCYV) at a press conference in Hanoi on November 22. Vietnam and other countries in the fields of learning, scientific research, labour, employment, startups, health care, culture, sports, and digital transformation. youth development policies in association with strengthening youth cooperation among countries. VNA … [Read more...] about Vietnam to host int’l forum on youth development policies

Illustrative image (Photo: baodautu.vn) Hanoi (VNA) – Vietnam is paying attention to mobilising resources to invest in developing green agriculture with an aim to raising the market share of its agricultural exports to the European Union. Last year, Vietnam’s export revenue of agro-fishery-forestry products set a record high of 53.22 billion USD, up 9.3% year-on-year. However, Europe accounted for only 11.3% of its market share. This is a modest number, although the agricultural sector has optimised many advantages of the EU- Vietnam Free Trade Agreement (EVFTA). One of the main reasons is said to be the union’s high requirements on farm imports, while Vietnam’s agricultural production has yet to meet green growth requirements. According to the World Bank’s report, agriculture is the second highest emitter, accounting for 19% of the nation’s total gas emissions in 2020. About 48% of the sector’s emissions and more than 75% of methane emissions are from rice … [Read more...] about Vietnam develops green agriculture to increase exports to EU

2In 2023, revenues of Vietnam’s e-learning market are expected to reach around $3 billion with a compound annual growth rate of about 20.2 per cent during 2019-2023, according to a report by Ken Research. Photo: doanhnhansaigon.vn Hanoi – Experts are positive about the development of Vietnam’s education technology (edtech) market in 2023 if local edtech companies can overcome post-pandemic challenges. Pham Giang Linh, managing director of Galaxy Education told the Tuoi tre (Youth) newspaper that Vietnam’s edtech market was formed in 2006 and 2007 – the first development stage of the digital economy in the country, but it only attracted wide attention in the period from 2020-2021, when demand for e-learning increased sharply due to the COVID-19 pandemic. In 2022, Vietnam saw the establishment of more than 100 edtech startups which strongly attracted capital from foreign investors, he said, citing examples like Topica, ELSA, ColderSchool, Edmicro, Vuihoc, and Educa, which … [Read more...] about 2023 – Time for edtech to thrive in Vietnam

Hanoi (VNA) - The following is a list of selected news summaries last night by the Vietnam News Agency. - General Secretary of the Communist Party of China Central Committee and President of China Xi Jinping has sent a letter to General Secretary of the Communist Party of Vietnam Central Committee Nguyen Phu Trong to thank him for cabling a message of condolences over the passing of comrade Jiang Zemin. Read full story - State budget collection from export-import activities in January topped 24.8 trillion VND (1.07 billion USD), or 5.8% of the estimate, down 42.3% annually, reported the General Department of Vietnam Customs (GDVC). Read full story - The State Treasury has announced that it plans to raise 400 trillion VND (over 17 billion USD) worth of Government bonds via auctions on the Hanoi Stock Exchange (HNX) this year. Read full story - There were 2,536 newly-established businesses in Ho Chi Minh City in January with a total newly registered capital of over 17.9 … [Read more...] about ☀️ Morning digest February 2

In Singapore (Photo source: AFP) Singapore - Singapore's manufacturing outlook may continue gloomy in the first quarter of 2023, after its manufacturing output shrank for a third consecutive month in December last year, said economists. According to data released by the Economic Development Board (EDB) of Singapore, the industrial production in last December fell 3.1 per cent compared to the same period of the previous year, making this the third consecutive month of decline. Excluding biomedical manufacturing, Singapore’s output increased by 0.3 per cent year-on-year. Output for the chemicals, precision engineering and general manufacturing clusters also declined on a year-on-year basis at 9.5 per cent, 4.1 per cent and 2.8 per cent respectively. The electronics sector was one of two clusters that saw output growth in December, after five consecutive months of decline. However, most economists believe that the electronics industry's recovery may be temporary. Selena … [Read more...] about Singapore’s production sector predicted to remain gloomy in Q1

Illustrative image (Photo: VNA) Hanoi - The prospect of economic growth and market upgradation is the driving force to attract cash flow into the stock market. Vietnam is among the world's fastest-growing economies with an average GDP growth rate of about 6.5% per year in the period before the COVID-19 pandemic. The target of economic growth in 2021-2025 at 6.5-7% per year was set out at the 13th National Party Congress despite the fact that the economy was severely affected by the COVID-19 pandemic in 2021. However, VinaCapital forecasts that this growth can still be maintained in the 2023-2025 period. High economic growth will support companies listed on the stock market. In 2023, the business results of listed companies may be affected by the slowing growth of exports and consumption and high interest rates. The earnings per share (EPS) growth is forecast to be in single digits in 2023. However, from 2024, when inflationary pressures are gone, central banks around the … [Read more...] about Economic growth and market upgrade to draw capital

96 per cent of urban household wastes to be safely processed in 2023. - Illustrative image (Photo:VNA) Hanoi – Vietnam targets having 96 per cent of urban household wastes collected and processed up to standards this year, said Director of the Ministry of Natural Resources and Environment’s Vietnam Environment Administration Hoang Van Thuc. Up to 92 per cent of operating industrial and processing areas will have concentrated wastewater treatment systems while 40 per cent of household wastes will be processed through incineration, electricity generation, and recycling models instead of landfilling, Thuc said. Last year, Vietnam’s recycling industry expanded by 11.3 per cent annually, placing the country the 10th globally in terms of metal, plastic, paper and glass recycling, laying a foundation for circular economic development The Vietnamese Government has set a goal to raise the rate of solid waste collected and safely treated to 100 per cent in 2050 as part of the approved … [Read more...] about 96 per cent of urban household wastes to be safely processed in 2023

Le Trung Kien, Head of Hai Phong Economic Zone Management Board presents gifts to representatives of Nomura-Haiphong Industrial Zone Development Corporation (investor of Nomura Hai Phong Industrial Park) (Photo: VNA) Hai Phong (VNA) – Hai Phong will always accompany with and create optimal conditions for investors, vowed Nguyen Trung Kien, head of the Economic Zone Management Board of the northern port city, during a meeting with foreign-invested businesses in the city on January 31. Kien thanked the firms for choosing Hai Phong as their long-term investment destination, expressing his hope that the partnership between the two sides will continue to be strengthened, benefiting both sides. He said that 2023 is predicted to be a tough year, but local authorities will support and give best conditions for businesses to overcome common difficulties of the world economy. In following years, Hai Phong will continue to expand industrial parks and clusters, while improving … [Read more...] about Hai Phong pledges optimal conditions for investors

Hanoi (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency. - Prime Minister Pham Minh Chinh outlined main tasks to improve the material and spiritual life of labourers at a meeting on coordination between the Government and the Vietnam General Confederation of Labour (VGCL) in Hanoi on February 1. The ministries of planning and investment; industry and trade; foreign affairs; and labour, invalids and social affairs should coordinate with the VGCL in boosting production and business, expanding the market, creating more jobs for labourers, and improving their skills, the Government leader said. Read full story - A book by General Secretary of the Communist Party of Vietnam (CPV) Nguyen Phu Trong regarding the fight against corruption and other negative phenomena will be released at a ceremony in Hanoi on February 2, according to the CPV Central Committee’s Commission for Internal Affairs. The debut is timed for the 93rd … [Read more...] about ☕ Afternoon briefing on February 1

Throughout 2022, the brokerage revenue of 10 leading securities firms on the Ho Chi Minh City Stock Exchange (HSX) saw a 19.4 per cent plunge compared to one year ago. VPS, which secures the number-one position for brokerage services in the market, saw its slice sink to 14.81 per cent in the last quarter of 2022, down from 18.71 per cent in the third quarter and 17.12 per cent in the same period of 2021. For the whole of 2022, VPS’s revenue from brokerage services shed more than 9 per cent on-year. The stock market saw great volatility in Q4 last year Meanwhile, the brokerage revenue of SSI, which ranks second among top performers in stock transaction value, took a dip of nearly 60 per cent in Q4 last year alone and witnessed a 32.2 per cent plunge over the whole of 2022. The company’s market slice slipped from 11.05 to 9.84 per cent. This does not only affect the two top performers, the brokerage revenue of most other securities firms fell amidst an … [Read more...] about Competition heats up among stock brokers