Postponement of the asean foreign ministers retreat

During the talk, Foreign Minister Bui Thanh Son and E.U. High Representative Josep Borrell agreed to push up the bilateral cooperation between Vietnam and the E.U. on par with their potential and better meet the joint interests of both sides. Meanwhile, they consented to deepen the ASEAN – E.U. cooperation, and expand collaboration in various fields of energy, climate change adaptation, green transition, digital economy, and infrastructure. Also, the two sides exchanged views on international and regional issues of shared concern. The E.U. High Representative took note of Vietnam’s request to soon remove the European Commission’s “yellow card” on Vietnamese seafood exports for illegal, unreported and unregulated (IUU) fishing, and push for E.U. member countries to soon ratify the E.U.-Vietnam Investment Protection Agreement (EVIPA). On the same day, the Vietnamese diplomat had a phone talk with Hungarian Minister of Foreign Affairs and Trade Péter Szijiártó. During the talk, … [Read more...] about Vietnam bolsters cooperation with E.U. and Hungary

Deputy Prime Minister Pham Binh Minh (R) meets Governor of Gunma Prefecture Ichita Yamamoto (Photo: VNA) At the meetings, Deputy PM Minh thanked the Japanese localities for supporting the Vietnamese community there over the years, especially amid the Covid-19 pandemic. He highly valued efforts by the two prefectures in holding cultural exchange activities with Vietnam, even during the pandemic, contributing to enhancing mutual friendship between people of both countries. Highlighting that Vietnam has fully opened its tourism for foreign tourists and put Covid-19 under control, the Deputy PM suggested that the administrations of Kanagawa and Gunma take measures to encourage local businesses to invest in Vietnam, and pledged to create optimal conditions for those from the two prefecture as well as investors from Japan in general during their investment process. For their part, the two governors vowed to work harder to promote economic and cultural exchanges with Vietnam, and … [Read more...] about Vietnam pledges to create optimal conditions for Japanese investors: Deputy PM

Facebook ads in Việt Nam will be subject to a 5 per cent value-added tax beginning from June 1. — Photo vtv.vn HÀ NỘI — Facebook ads in Việt Nam will be subject to a 5 per cent value added tax (VAT) beginning from June 1. This affects advertisers who have set Việt Nam as their “Sold To” country on their business or personal address. In addition to Việt Nam, starting from April and September, Meta, Facebook's parent company, will also add VAT to advertising costs in Cambodia and Thailand, respectively. Not long ago, Facebook also charged a foreign currency conversion fee of 1-3 per cent for transactions in Vietnamese đồng . Within the framework of Prime Minister Phạm Minh Chính's working visit to the US on May 20, representatives of the Public Policy Department of Meta had a meeting and discussed with the Prime Minister and the Ministry of Planning and Investment. Meta said that it would register, declare and pay foreign … [Read more...] about Facebook ads in Việt Nam to be charged 5% VAT from June 1

Prime Minister Pham Minh Chinh (R) receives US Secretary of Commerce Gina Raimondo in Washington DC. on May 11 (Photo: VNA) This visit has been successful in paving the way for new development opportunities and stronger trade relations between the two countries. According to statistics from the General Department of Customs, the bilateral trade turnover between Vietnam and the US in 1995 was at US$450 million, and by 2021 it had increased to $111.6 billion, 248 times higher. In 2021, Vietnam exported $96.3 billion worth of goods to the US, up by 24.9 percent compared to 2020, accounting for 28.6 percent of the total export turnover of the country. As a result, Vietnam had a trade surplus of $81 billion, and the US continues to be Vietnam's number one trade surplus market, up by 27.9 percent compared to $63.4 billion in 2020. This has contributed to creating a new peak in exports and imports and prolonging the trade surplus for six consecutive years from 2016 until 2021. Vietnam … [Read more...] about Vietnam-US to have stronger trade relations

Deputy Minister of Finance Nguyễn Đức Chi. The State authorities have recently taken a number of measures to strengthen the management and supervision of the securities market, including replacing the head of the State Securities Commission and taking disciplinary measures against leaders of the two national stock exchanges and the Việt Nam Securities Depository. Deputy Minister of Finance Nguyễn Đức Chi, who was appointed to take the charge of the State Securities Commission from May 19, spoke to the media about solutions to ensure the stable and safe operation of the securities market in the future. What is the view of the Ministry of Finance on the recent violations of the State management agencies in the securities market? Recently, authorities inspected activities on the stock market as well as State management agencies in charge of the market and have discovered the shortcomings and weaknesses of officials and civil servants in the … [Read more...] about Different plans to be prepared for safe and effective operation of the securities market

The launch of the 2021 Public Administration Reform Index and the Satisfaction Index of Public Administration Services. VNA/VNS Photo HÀ NỘI — The northern province of Hải Phòng and the Ministry of Justice topped the Public Administration Reform Index (PAR Index) of 2021, based on feedback collected from more than 79,000 people about administration reforms in 63 localities and 17 ministries in Việt Nam. The southern province of Kiên Giang and the Ministry of Science and Technology were at the bottom of the rankings. The results were announced on Wednesday by the Government’s Steering Committee on Public Administration Reform. Minister of Home Affairs Phạm Thị Thanh Trà said at the launch ceremony of the report on Wednesday that 2021 was the 10th year the Ministry of Home Affairs coordinated with ministries, localities and related agencies to deploy, identify and publish the PAR Index. 2021 was the 5th year the satisfaction of people and … [Read more...] about Hải Phòng tops Public Administration Reform Index for first time