Reports on human rights

Vietnamese consumers are also becoming more discerning and value conscious (Photo: VNA) Hanoi (VNS/VNA) - Vietnam remains an attractive market for retailers as Vietnamese consumers remain optimistic about the economic challenges and are driving premium purchases. Vietnamese consumers’ overall optimism remained one of the highest among countries globally, according to global management consulting firm McKinsey. McKinsey wrote in a recent article on its website that Vietnamese consumers were optimistic that the country’s economy would rebound within two to three months and grow just as or even more strongly than before the COVID-19 pandemic. There was also a clear intent by consumers to “splurge” and treat themselves, with more than 70% of respondents saying they intend to increase spending on categories of products or services they spent less on over the past year and a half. It was estimated that more than half of the Vietnamese population would enter the global middle … [Read more...] about Vietnam remains an attractive retail market: reports

On the morning of November 30 last year, Minh, now 29, received an email from his employers at DoorDash, the largest online food delivery company in the U.S. The company announced that it was letting him go. Just a day earlier, Minh was still the leader of one of the company’s finance management team. When he received the email, Minh had already studied and worked in the finance field in the U.S. for over a decade. He has a bachelor’s degree in accounting, a master’s in data science, is a certified Chartered Financial Analyst (CFA), as well as a Certified Public Accountant. "Though the layoff wave at that time was staggering many tech firms, I still couldn’t believe my eyes. I was aware of the financial situation of the company [DoorDash], and it was good," Minh said. The next thing he did was call his manager, hoping the letter may have been a mistake. The manager said they were surprised by the news and promised to look into the matter. Ten minutes later, it was … [Read more...] about Vietnamese worker back on feet after US layoff

According to the Ministry of Planning and Investment’s Foreign Investment Agency (FIA), accumulatively as of May 20, total foreign direct investment (FDI) inflows into Vietnam reached $10.86 billion, a drop of 7.3 per cent on-year, the fall is getting smaller than in previous months. Of this, newly registered capital was $5.26 billion, up 27.8 per cent on-year; additionally registered capital was $2.28 billion, down 59.4 per cent; and capital contribution and share purchase $3.32 billion, up 67.2 per cent. Do Nhat Hoang, FIA director-general, said that the rise of newly registered investment in the first five months is much higher than that in the first four months (11 per cent). The number of newly registered projects in the first five months also soared sharply on-year (66.4 per cent) to over 960 projects. “The growth rate of the number of new projects confirms that small- and medium-sized foreign investors continue to believe in Vietnam’s business environment,” said Hoang. … [Read more...] about Vietnam tasked with gaining FDI edge

Vice Chairman of the HCM City People’s Committee Duong Anh Duc (R) and General Director of RMIT Vietnam Claire Macken at the meeting on June 6. (Photo: VNA) HCM City (VNA) – Vice Chairman of the Ho Chi Minh City People’s Committee Duong Anh Duc received Professor Claire Macken, General Director of Australia ’s Royal Melbourne Institute of Technology (RMIT) Vietnam, on June 6. The host official highly valued the success of RMIT Vietnam, which has become a trustworthy establishment of training high-quality human resources for HCM City. HCM City is ready to join RMIT in promoting cooperation programmes and supports the university to expand its operations in the city, he noted, pledging to continue creating optimal conditions for it to develop and contribute to the training of human resources for the southern metropolis as well as Vietnam at large. He also thanked RMIT Vietnam for concurrently implementing training programmes and fulfilling its social … [Read more...] about HCM City, RMIT University strengthen cooperation

A draft decree regarding the newly adjusted fees for registering domestic vehicles is expected to be submitted to the Government by June 15. Vietnamese Government plans to halve registration fees for domestically produced and assembled cars, effective from July 1 until the end of 2023. In a recent governmental instruction, Prime Minister Pham Minh Chinh required the Ministry of Finance (MoF) to draft a decree to cut registration fees by 50%, which will be evaluated by the Ministry of Justice. The decree will be submitted to the Government before June 15. Customers at a car showroom in Hanoi. Photo: Viet Dung/The Hanoi Times Various associations and municipalities proposed the Government extend the excise tax and reduce registration fees for domestically produced and assembled cars by 50% in early March this year. The aim was to stimulate demand. In response, import companies expressed their desire for the Government to apply the same policy to … [Read more...] about Vietnamese Prime Minister orders 50% cut in registration fees for domestic cars

With an area of 3,300 km2, a population of 10 million and rapid urbanization, Hanoi is in need of solutions for green urban growth. The capitals of Vietnam and Denmark expressed hope to strengthen ties and facilitate the development of green cities at a meeting on June 8. Hanoi's vice mayor Nguyen Trong Dong (right) meets Danish Ambassador to Vietnam Nicolai Prytz on June 8. Photo: Tu Anh/The Hanoi Times Nicolai Prytz, Danish Ambassador to Vietnam, said he expected to discuss Hanoi's future directions and develop feasible, practical ways to strengthen cooperation between the two capitals. Nicolai also pointed out the five key areas of cooperation between Vietnam and Denmark , including energy and environment, agriculture, healthcare, education, and statistics. He said that good relations between the two nations are built upon the cooperation between Vietnamese and Danish localities, especially the two capitals. Vietnam and Denmark are good … [Read more...] about Hanoi, Copenhagen join hands in green city development

Hanoi has accumulated about US$69.844 billion in foreign direct investment, ranking second in the country. Hanoi plans to build more industrial parks to attract foreign investment. Simultaneously, the city will prioritize site clearance and expedite the development of a comprehensive and modern infrastructure system. Overview of the meeting. Photo: Hoai Nam/The Hanoi Times Deputy Chairman of the Hanoi People's Committee Nguyen Manh Quyen revealed the plan today [June 8] at a meeting with representatives of the Ministry of Planning and Investment to discuss solutions to further attract foreign direct investment (FDI) into the capital . Nguyen Ngoc Tu, Deputy Director of the Hanoi Department of Planning and Investment, revealed that the city had seen a significant increase in FDI in the first four months of 2023, reaching $1.82 billion, a remarkable 260% increase compared to the same period last year. Numerous projects in sectors such as … [Read more...] about Hanoi eyes new industrial parks to lure foreign investors

The sides briefed each other on their operations, and exchanged the experience in the implementation of trade union movements at the local level. They shared many ideas to optimize the role of trade unions and give better care for laborers, building a harmonious labor relations and promoting development of businesses and agencies. NACC Vice President Kim Chann Samnang briefed his hosts on the employment situation, trade unions’ activities and policies for laborers. He said that Cambodia currently has 1.5 million laborers, 80% of whom have joined trade unions. Their average income reaches 250 - 350 USD per month, he added. The official expressed his hope that the Trade Union of Public Utility Enterprises and Commercial Services of Ho Chi Minh City and the NACC will continue to share experience in trade union affairs and measures to attract more laborers, thus contributing to strengthening the friendship and cooperation between the two sides and promoting the socio-economic … [Read more...] about Ho Chi Minh City, Cambodia share experience in trade union affairs

The host official highly valued the success of RMIT Vietnam, which has become a trustworthy establishment of training high-quality human resources for Ho Chi Minh City. Ho Chi Minh City is ready to join RMIT in promoting cooperation programs and supports the university to expand its operations in the city, he noted, pledging to continue creating optimal conditions for it to develop and contribute to the training of human resources for the southern metropolis as well as Vietnam at large. He also thanked RMIT Vietnam for concurrently implementing training programs and fulfilling its social responsibility, especially amid the COVID-19 pandemic. For her part, Macken said the flourishing cooperation between Australia and Vietnam provides an important basis for enhancing ties between RMIT and Vietnam, including Ho Chi Minh City, in a more effective manner. She noted that during Australian Prime Minister Anthony Albanese’s recent visit to Vietnam, RMIT announced an investment worth … [Read more...] about Ho Chi Minh City, RMIT University strengthen cooperation

In this competition, five out of 19 Vietnamese teams at primary and secondary schools excellently won awards and four others were in the Top 20. The People’s Army Newspaper has had an interview with Dr. Tran Viet Hung, the co-founder of the organization about the championship. The VEX WORLDS 2023, drawing more than 30,000 students from over 50 countries and 50 U.S. states, is a big tournament in the world. Asked about the initial idea of STEAM for Vietnam - a U.S. non-profit organization, U.S. Center (under the U.S. Embassy and Consulate in Vietnam), and the Hanoi University of Science and Technology about this playground, Dr. Tran Viet Hung emphasized the importance of STEAM education for those engaged in technology and to help hone students' thinking effectively and unlock their potential. He mentioned Bill Gates, Elon Musk, Mark Zuckerberg as good examples in early getting use of computer and technology. He confirmed that with deep knowledge, people fear nothing and dare to … [Read more...] about Project inspires Vietnamese students to dream big