Participants at the talks (Photo: VNA) Seoul (VNA) – Economic cooperation should continue to be the focus of bilateral ties between Vietnam and the Republic of Korea, National Assembly (NA) Vice Chairman Nguyen Duc Hai said at his talks with Deputy Assembly Speaker of the RoK Chung Woo-taik in Seoul on March 20. Hai, who is making an official visit to the RoK, noted that the political trust between the two countries has been continuously strengthened, and they have maintained a regular exchange of delegations at all levels. The most recent visit to Vietnam by Speaker of the National Assembly (NA) of the RoK Kim Jin-pyo in January opened practical and effective activities between the two nations in 2023, he stressed. The NA Vice Chairman said the two sides need to work closely to effectively implement the Vietnam - Korea Free Trade Agreement (VKFTA) and the Regional Comprehensive Economic Partnership (RCEP) agreement. The goal is to lift two-way trade to 100 … [Read more...] about Vietnam-RoK cooperation should continue to focus on economy: NA official
Nations unies agenda 2030
Going digital and green in partnership with Ericsson
How can 5G and digital transformation impact the performance of industries such as manufacturing, logistics, agriculture and e-commerce over the coming years? Denis Brunetti, president of Ericsson in Vietnam, Myanmar, Cambodia and Laos As a critical digital national infrastructure, 5G has the potential to significantly transform society, industries, and the economy, as well as benefiting the environment. In the past, developing economies depended on traditional inputs to fuel growth, such as low-cost labour and natural resources. Moving forward, the new economy will increasingly depend on more sustainable inputs, such as science, technology and innovation, whereby data will become the new oil that creates as much as drives a more inclusive and sustainable socioeconomic development, securing broader range prosperity for all. Through 5G, the introduction of Industry 4.0 will be accelerated across thousands of factory floors in Vietnam, enabling robots, digital twin … [Read more...] about Going digital and green in partnership with Ericsson
Digital transformation – Faster, Smarter, and Greener
Ministry of Planning and Investment Deputy Minister Tran Quoc Phuong This is the second year that VIR has organised the Conference on Digital Transformation to create opportunities for representatives of state management agencies, policymakers, experts, and both local and international tech enterprises to meet and exchange information. The National Digital Transformation Programme for 2025, with a vision to 2030, emphasised three main focus points, including digital government, digital economy, and digital society. According to the Ministry of Information and Communications, in 2022, the total revenue of Vietnam's IT and telecommunications (ICT) industry reached about $148 billion, and the digital economy reached 14.26 per cent of GDP. To achieve the goal that, by 2025, the digital economy will account for 20 per cent of GDP under its rapid development scenario, Vietnam needs to maintain average annual digital economic growth of about 20 per cent, more than three times … [Read more...] about Digital transformation – Faster, Smarter, and Greener
Pharmaceutical companies urged to invest in R&D, improve competitiveness
ADC Pharma in Can Tho Province. As the domestic pharmaceutical market holds a lot of potential, local producers are urged to improve their competitiveness for expansion. — VNA/VNS Photo Thanh Liem It is critical for pharmaceutical companies to improve competitiveness with a focus on research and development (R&D), production technology and digitalisation. According to experts, this will help them expand their shares in the domestic market which remains being dominated by imported drugs and extend their international reach. Viet Nam’s pharmaceutical market has significant potential. The Ministry of Health estimated the market at US$6.9 billion in 2021 while BMI Research forecast the market to reach $16.1 billion in 2026 with a compound growth rate of up to 11 per cent. According to Nguyen Dieu Ha, general secretary and office chief of the Vietnam Pharmaceutical Companies Association (VNPCA), there are 55 foreign-invested pharmaceutical companies in Viet Nam as of the end of … [Read more...] about Pharmaceutical companies urged to invest in R&D, improve competitiveness
Prime Minister pledges to further support enterprises at Vietnam Business Forum 2023
Reviewing the country’s socio-economic recovery and development achievements in 2022, the PM said the macro economy remained stable, major economic balances were ensured, and notably the domestic investment and business environment was improved significantly. During the post-COVID-19 period, the foreign investment disbursement went up 13.5% as compared with 2021, which reflected Vietnam’s attractiveness in the regional and global investment maps, he said. Pham Minh Chinh stressed that the Vietnamese Party and State advocate green growth in order to ensure rapid, effective and sustainable economic development, contributing to implementing the 2021-2030 socio-economic development strategy. However, green growth needs a suitable roadmap, with conditions and capacity of each region, locality and business taken into consideration, he noted, encouraging the engagement of all, particularly businesses and people, in this regard. The Government will work to consolidate institutions, … [Read more...] about Prime Minister pledges to further support enterprises at Vietnam Business Forum 2023
Youths join hands to clean up sea
* In particular, military units of Naval Region 4 jointly held a program entitled “Youths of Naval Region 4 join hands to clean up the sea.” After the launching ceremony, military youths and more than 300 youths in Cam Ranh city and Cam Thanh Bac commune collected over a ton of rubbish and cleaned the environment surrounding the beach in Bai Dai area in Cam Lam district, Khanh Hoa province and the stationed area. According to Senior Colonel Dao Giang Hai, Deputy Political Chief of Naval Region 4, in celebration of the foundation day of the Ho Chi Minh Communist Youth Union, Youth Union organizations of Naval Region 4 implemented various activities, including cleaning up the environment surrounding their barracks, planting shade trees, collecting and processing marine debris, among others. Meanwhile, the units effectively disseminated information via different ways to encourage troops to accomplish all assigned missions. * In Phan Thiet city (Binh Thuan), the provincial Department … [Read more...] about Youths join hands to clean up sea