Social insurance workers provide information on the policies to people. (Photo: VNA) Hanoi (VNS/VNA) - The capital city of Hanoi’s labour market has seen positive developments after the Tet (Lunar New Year) holiday, presenting a ‘golden opportunity’ for the sustainable development and expansion of the social insurance system. Statistics from the Hanoi Department of Labour, Invalids and Social Affairs (DoLISA) revealed that only 31 companies in the city had to cut working hours or terminate contracts with their employees, which total more than 13,000. The department said that this was only a fraction compared to figures in other key labour markets. Meanwhile, last year also saw approximately 203,000 people finding new employment, an increase of 13% compared to 2021. The growth in the labour market also translated to a rise in the number of people signing up for social insurance. Phan Van Men, Director of Hanoi Social Insurance, told Ha Noi Moi (New Ha Noi) newspaper: … [Read more...] about Labour market’s growth an opportunity for improving social welfare
Post ipo growth
Vietnam’s economy continues to gain traction: HSBC
Illustrative image (Photo: VNA) Hanoi (VNA) - HSBC experts have predicted that Vietnam's economy will continue to gain traction, despite a less rosy external picture. According to the bank, Vietnam saw a year-on-year increase of 17% in exports in the first six months of 2022, but it will be hard for overseas shipments to meet expectations in the last half of the year. In its "Vietnam at a glance" report released on August 17, the bank said that after impressive export growth in the first half of 2022, a slower-than-expected pace was recorded at the start of the second half. The main cause is a growth slowdown in the electronics industry, especially mobile phones. Samsung's second-quarter results show that demand for consumer electronics is weakening, affecting the smartphone, TV, and other segments. While textile, garment and footwear exports rose sharply, by 30% from a year earlier, the Vietnam Textile and Apparel Association forecast the amount ordered … [Read more...] about Vietnam’s economy continues to gain traction: HSBC
Viet Nam’s industrial production to rise 6.6 per cent in 2023: S&P Global
An automobile assembly line. The S&P Global Viet Nam's PMI posted 47.4 in January, up from 46.4 in December but still pointing to a solid monthly deterioration in the health of the manufacturing sector. — VNA/VNS Photo Viet Nam is predicted to record a rise of 6.6 per cent in industrial production in 2023, according to S&P Global Market Intelligence. S&P Global noted the Vietnamese manufacturing sector continued to face challenging business conditions in the opening month of 2023. Production and new orders continued to decline. That said, there were some signs of improvement in demand as new business fell at a softer pace, helped by a renewed expansion in new export orders. The S&P Global Viet Nam Manufacturing Purchasing Managers' Index (PMI), released on February 1, posted 47.4 in January, up from 46.4 in December but still pointing to a solid monthly deterioration in the health of the manufacturing sector. January data signalled a further marked decline in … [Read more...] about Viet Nam’s industrial production to rise 6.6 per cent in 2023: S&P Global
Foreign Minister meets Cambodian, Philippine, Malaysian counterparts
During their meeting, FM Son and Cambodian Deputy Prime Minister and Foreign Minister Prak Sokhonn were pleased with the fruitful developments of the bilateral relationship in recent times, and agreed to continue promoting the exchange of high-level visits via all channels, enhancing people-to-people exchange; maintaining and optimizing the effectiveness of existing bilateral cooperation mechanisms; fostering economic connections; strengthening cooperation between localities, especially those that share borders; and exerting effort to speed up tourism recovery. They also agreed to accelerate negotiations towards completing the remaining 16% of the land border demarcation and marker planting in order to build a common borderline of peace, friendship, cooperation and sustainable development between the two nations; and closely coordinate at regional and international forums as well as sub-regional mechanisms, and support each other's candidacy to multilateral organizations. Sokhonn … [Read more...] about Foreign Minister meets Cambodian, Philippine, Malaysian counterparts
ASEAN Foreign Ministers’ Retreat wraps up
According to Indonesian Foreign Minister Retno Marsudi, the meeting had substantive discussions on key issues, focusing on evaluating the implementation of ASEAN's Five-Point Consensus (5PC) on Myanmar; regional and international issues; and the relations between ASEAN and partners. Regarding Myanmar, Indonesia, as the ASEAN Chair in 2023, mentioned the implementation of 5PC, emphasizing that the consensus has important significance and demonstrates ASEAN's unity in solving issues related to Myanmar. ASEAN Foreign Ministers reaffirmed a unified approach to the implementation of the 5PC in order to settle the political crisis in the bloc’s member nation as well as to ensure humanitarian assistance programs for Myanmar people, especially the Rohingya Muslims. Regarding the theme of the meeting “ASEAN Matters: Epicentrum of Growth,” ASEAN member countries agreed on important contents to push towards positive outcomes, and mobilize resources to develop ASEAN Blue Economy Framework as … [Read more...] about ASEAN Foreign Ministers’ Retreat wraps up
Vietnam attends 26th Meeting of ASEAN Tourism Ministers in Indonesia
Foreigners visit Ho Chi Minh City during the Lunar New Year (Tet) celebration. (Photo: VNA) Jakarta (VNA) – Deputy Minister of Culture, Sports and Tourism Doan Van Viet together with other tourism senior officials in ASEAN countries attended the 26th Meeting of ASEAN Tourism Ministers (M-ATM) that opened on February 4 in Yogyakarta, Indonesia . Participants in the event that is part of the ASEAN Tourism Forum( ATF) 2023 heard a report and gave comments on the results of the 57th meeting of the ASEAN National Tourism Organisations, considered the agenda of M-ATM 3 (ASEAN plus China, Japan, and the Republic of Korea); M-ATM-India and M-ATM -Russia; and attended consultations with international organisations. The meeting also reviewed and approved the Chairman's Statement and 26th meeting of M-ATM Minutes. Speaking at the event, Deputy Minister of Culture, Sports and Tourism Doan Van Viet said that 2022 witnessed a rapid recovery of the regional tourism industry. … [Read more...] about Vietnam attends 26th Meeting of ASEAN Tourism Ministers in Indonesia
PM asks north-central, central coastal regions to create development breakthroughs
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
Great chance for Vietnam navigate to Web 3.0: Experts
Great chances for Vietnam to switch to Web 3.0 (Source: netweb.vn) Hanoi (VNA) – As more information technology businesses invest resources into Web 3.0, coupled with the large number of users and coders, Vietnam sees great opportunities in the blockchain market in the Southeast Asian region, say experts. Web 3.0 was born from the natural evolution of older generation Web tools combined with advanced technologies such as artificial intelligence (AI), blockchain, and the connection between users and the Internet. In other words, Web 3.0 is an upgrade to its predecessors: Web 1.0 and 2.0. In recent years, foreign investors have flocked to Vietnam and established investment funds specialising in blockchain. Capital inflows into non-fungible token (NFT) assets also skyrocketed from 37 million USD to 4.8 billion USD in 2021, Finder reported. Experts explained that Vietnam has about 5.9 million people, or 6.1% of the population, who have exposure to blockchain-enabled … [Read more...] about Great chance for Vietnam navigate to Web 3.0: Experts
AI Day 2022 kicked off, seeking ways to develop AI industry in Vietnam
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
Viet Nam leads Southeast Asia in wooden furniture exports to Australia
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