Rupee what lies ahead

During the meeting, part of his trip to the U.S. for the high-level week of the 78th session of the United Nations General Assembly and bilateral activities, Pham Minh Chinh affirmed that Vietnam considers the U.S. a partner of strategic importance. He used the occasion to thank the U.S. Senate in general and its Foreign Relations Committee in particular for their support for promoting the Vietnam - U.S. relations over the past time, including the settlement of war consequences. The support and cooperation of the two countries’ legislatures plays a crucial role in concretizing new collaboration frameworks and areas of the Comprehensive Strategic Partnership in the time ahead, the leader stressed. Pham Minh Chinh called on the committee to further support joint efforts in fostering cooperation in economy-trade-investment, and other fields like science-technology, innovation, semiconductor industry, energy transition, and climate change response, while stepping up assistance to … [Read more...] about Prime Minister meets leaders of U.S. Senate Committee on Foreign Relations

Vietnam’s gross domestic product (GDP) is hoped to grow 6.46% in the third scenario when the global economy will see positive changes, and Vietnam will take drastic actions in reform and management (Photo: VietnamPlus) Hanoi (VNA) – The Central Institute for Economic Management ( CIEM ) put forwards three scenarios for Vietnam’s economic growth in 2023 at a seminar in Hanoi on July 10 to announce a report on the domestic economy in the first half of this year, and prospects for the second half. Specifically, Vietnam’s gross domestic product (GDP) is expected to grow 5.34% this year under the first scenario. The first scenario assumes the global economic development matches assessments of international organisations and Vietnam, under which the country’s export turnover is projected to drop by 5.64%, and its consumer price index (CPI) will rise 3.43%, with a trade surplus of 9.1 billion USD. Under the second as, given monetary and fiscal easing in Vietnam , the GDP … [Read more...] about CIEM forecasts three economic growth scenarios for Vietnam in 2023

At the event, Gen. Luong and his entourage heard a report on the company’s implementation of business and production tasks since 2022. In particular, in 2022 and the first nine months of this year, the corporation has repaired and handed over 71 defense ships; built 28 new economic ships for domestic and foreign partners and customers; handed over 12 other ships; and repaired and handed over 35 out of 38 economic ships and 25 out of 27 economic products of all kinds. Attentively, in terms of realizing production and business targets, the company achieved VND 611.012 billion in turnover in 2022, reaching 103% of the year plan. In the year, the average income was VND 11.449 million per person a month, reaching 122% of the year plan. In the first nine months of this year, production value is estimated at VND 331.631 billion VND, meeting 47% of the year plan; revenue VND 310.811, achieving 46%; and average income VND 9.652 million a person per month, reaching 79% of the year plan. … [Read more...] about Defense leader works with Song Thu Corporation

Panasonic Ecology Systems Co., Ltd. and Panasonic Life Solutions Vietnam Co. Ltd. have completed a new factory in Binh Duong province, southern Vietnam, and they will shortly start the production as of October 13. This is the first Panasonic factory that will manufacture indoor air quality (IAQ) products in Vietnam, aiming to improve air quality and increase local consumer’s quality of life. The factory will provide ceiling and ventilating fans for both the domestic and overseas markets, including Asia, the Middle East, and Africa, ahead in the next fiscal year ending in March 2023. As a main production hub for indoor air quality related devices in Southeast Asia, the Binh Duong factory will increase Panasonic’s production volume of these devices in the region to approximately 1.5 times in 2026 compared to 2021. A research and development (R&D) department is due to be established in 2024 in order to turn the factory into a site that integrates development, production, … [Read more...] about Panasonic set to launch indoor air quality products in Vietnam

In January 2000, we established our first branch in San Jose, California, the heart of Silicon Valley. The director of that branch was a patriotic diasporic Vietnamese. But the American Dream did not come true for us. After merely one year of operations, FPT USA had to temporarily stop operating due to a lack of customers. We tried everything, with different people attempting to take the reigns of business development. From a Vietnamese expat to a graduate from prestigious MBA programs. What we received were critics, portraying our managers as "delusional about our corporate capability" and our programmers "weak in both expertise and language skills." It was a total failure. No one cared about a nameless company from Vietnam, a country only known then for the prolonged war. One of our then-potential customers was surprised to learn that it only took one hour to fly from Hanoi to Bangkok. He could not imagine the locations were so close, despite his own flying to Bangkok quite … [Read more...] about Working with American business partners requires understanding their way of thinking

Christina Bao, Co-Head of Sales & Marketing at the Hong Kong Exchanges and Clearing Limited (HKEX). — Photo courtesy of HKEX The Vietnamese stock market is a key capital mobilisation channel for the economy and is undergoing improvement and upgrading towards emerging status. Considered as Asia’s financial hub, Hong Kong is a role model for Việt Nam to follow. When Christina Bao, Co-Head of Sales & Marketing at the Hong Kong Exchanges and Clearing Limited (HKEX), came to Việt Nam for a conference, Việt Nam News reporter Ly Ly Cao took the opportunity to speak to her about solutions to enhance the country’s stock market and how Hong Kong can support Việt Nam in the upgrading process. What do you think about the Vietnamese stock market in its current state? Việt Nam’s economy is on very strong momentum in terms of GDP growth, which grew by more than 8 per cent last year and is hopefully to reach 6 per cent this year. This sets a very strong foundation for the local … [Read more...] about Hong Kong to help elevate Việt Nam’s stock market potential

Here is everything you need to know about the multisports extravaganza - bigger than the Olympic Games in terms of number of participants: Location Hangzhou, a modern city of about 12 million people, lies 160 kilometers (100 miles) southwest of Shanghai, in Zhejiang province. It sits on the Qiantang River and is the southern terminus of the Grand Canal, the longest canal in the world, which runs 1,800 kilometres from Beijing and is regarded as the second ancient wonder of China after the Great Wall. Hangzhou is one of China's ancient capitals, known in the past as both Hangchew and Hangchow before settling for the current name in the year 589. Sports 40 sports, including 31 of the 32 Olympic sports that will be staged at the Paris 2024 Games with surfing the one missing from Hangzhou. The nine non-Olympic sports in Hangzhou includes eSports, which will be an Asian Games medal event for the first time after being a demonstration sport in 2018. There are also some … [Read more...] about At-a-glance guide to Hangzhou Asian Games

Boat service for tourists on the Nho Que River, a popular destination in Ha Giang Province, northern Vietnam, resumed on Thursday, five days after its suspension. Tu San Agricultural and Tourism Service Cooperative, the only tourist boat service provider on the Nho Que River, located in Meo Vac District, announced on Wednesday that boats transporting tourists to Tu San Canyon through a route to the Nho Que 1 Hydropower Plant would reopen on the Nho Que River from 7:00 am on Thursday. Tu San Canyon, Southeast Asia’s deepest canyon, lies at the foot of the famous Ma Pi Leng Mountain Pass and is surrounded by the Nho Que River. The canyon stretches 1.7 kilometers and features cliffs of up to 800 meters. The resumption came after the directive was issued by the Ha Giang Province People’s Committee and a working session was held between the cooperative, Nho Que 1 Hydropower JSC, which is in charge of arranging boats running through the hydropower plant area, and the Meo Vac District … [Read more...] about Vietnam’s Ha Giang restarts tourist boat service on renowned Nho Que River