At a Wednesday meeting between Prime Minister Pham Minh Chinh and the delegation of the U.S.-ASEAN Business Council (USABC), the council's president Ted Osius said U.S. businesses consider Vietnam a strategic market and are ready to commit to long-term investments in the Southeast Asian nation. Osius said the delegation were highly supportive of the Vietnamese government’s moves towards a more digital and green society. He also encouraged steps the country has taken in infrastructure development, such as the construction of new highways and metro rail public transit options, the Vietnam Government Portal reported. U.S. ambassador to Vietnam Marc Knapper said the American grouping at the meeting was the largest U.S. business delegation to ever visit Vietnam. He said this confirmed the commitment of the U.S. government and the private sector to support a strong and prosperous Vietnam via cooperation. At the meeting, the delegation proposed new ideas and opportunities for business … [Read more...] about Major US companies laud Vietnam as strategic market
Roppongi when he joined the seven
Laos suspends pork imports from Vietnam
Illustrative image (Photo: VNA) Vientiane (VNA) – The Lao Ministry of Agriculture and Forestry has announced the suspension of pork import s from Vietnam and other countries hit by the outbreak of African swine fever . According to the announcement, Laos will suspend the import of pork, including live pigs and processed products, from Vietnam. Relevant units will monitor illegal import at international, local and international border gates and international airports. Additionally, pork that has been smuggled or illegally imported into Laos must be destroyed. In 2020, Laos suspended the import of pork from China and Thailand after detecting seven outbreaks of African swine fever with 973 dead pigs in Salavan province. Most recently in January, Laos also halted the import of pork from Thailand./. VNA … [Read more...] about Laos suspends pork imports from Vietnam
Brand-new automobiles to be exempt from first mechanical check
Illustrative image. (Photo: thanhnien.vn) Hanoi (VNA) – Brand-new automobiles will be exempt from the first mechanical check under a revised circular on technical safety and environmental protection promulgated by the Ministry of Transport. The decision to this effect aims to simplify procedures and reduce costs and time for users, according to the ministry. The legal document, which started to take effect on March 22, stipulates that owners of brand-new vehicles can submit dossiers at registration agencies to receive stamps without having to bring in their vehicles. It also extends the interval between the two checks from 30 months to 36 months for those that have up to nine seats and not engaged in transport service. Meanwhile, the period will be lengthened from 18 months to 24 months for vehicles up to seven years old. For those with more than nine seats, it will be 24 months instead of 18 months. After they become five years old, the period will be extended to 12 … [Read more...] about Brand-new automobiles to be exempt from first mechanical check
Shares gain for second day but caution persists
An investor watches share prices on a tablet. Shares rose a second day on both exchanges. — VNA/VNS Photo Shares climbed for a second day as good performace of global stock markets prior to the Fed’s announcement of a rate hike supported local investors’ psychology. The VN-Index on the Ho Chi Minh Stock Exchange increased by 0.79 per cent to close Wednesday at 1,040.54 points. It rose nearly 1 per cent in the previous session. The market breadth was positive with 203 stocks gaining, 170 losing while the other 128 closed flat. Although the trading was cautious, increasing liquidity in buying force at high prices led to an improvement in stock prices, especially in the banking and real estate industries. Nearly 459 million shares worth VND8.7 trillion (US$369 million) were traded, down 3 per cent in volume but up 4 per cent in value compared to Tuesday’s level. Property and banking stocks led the market growth with average growth of 1.5 per cent each, tracked by … [Read more...] about Shares gain for second day but caution persists