They will present more than 80 projects for international content buyers, movies, series, and animations at the Russian Content Worldwide booth, organized by Roskino, a national operator for the promotion of films. Among those is “The Challenge” - the first feature film shot in space. Ekaterina Naumova, Roskino Acting General Director said that last year, the Russian film industry had a comprehensive presence at Telefilm Vietnam for the first time in an online format. Customers showed great interest in Russian animation projects, documentaries, action films and comedies, and bought format rights of Russian serials, he noted. This year, in order to more effectively capitalize on film market opportunities and build partnerships with local TV channels, VOD platforms and distributors, Roskino will organize a large-scale offline presence of Russian content producers. This format will allow them to meet potential partners and increase interaction with foreign peers, she said, adding that … [Read more...] about Russian film companies to join Telefilm Vietnam 2023
Russian parliament leader calls on japan to give up sakhalin 2 stake
Current trends guarantee big growth in Vietnam – US trade, investment: USABC leader
Vietnam was the 8th largest trade partner and the largest ASEAN exporter of the US in 2022. (Photo: VNA) Hanoi (VNA) – The current trends in economic and trade cooperation between Vietnam and the US guarantee big growth in two-way trade and investment in next 10 years and warrant upgrading the partnership to a strategic level, said Ted Osius , President and CEO of the US - ASEAN Business Council ( USABC ). In an interview granted to the Vietnam News Agency ahead of the 10th anniversary of the two countries’ comprehensive partnership (July 2013 - 2023), the former US Ambassador to Vietnam said trade and investment play a big role in this relationship. The US is Vietnam’s second largest trading partner and biggest export destination. In 2022, bilateral trade reached a record high of 138.9 billion USD. Vietnam was the 8th largest trade partner and the largest ASEAN exporter of the US. The US was the biggest export market of Vietnam last year. Vietnam’s annual export to … [Read more...] about Current trends guarantee big growth in Vietnam – US trade, investment: USABC leader
Parliaments should play stronger role in protecting environment for sustainable development: National Assembly Vice Chairman
Dinh made the statement at the 10th Nevsky International Ecological Congress held in St. Petersburg in Russia, with the theme "Ecology: A Right, Not a Privilege," which drew nearly 1,500 delegates from 52 countries and territories. Lauding the theme of the congress, the Vietnamese representative said that Vietnam always puts the people at the center and considers the people as the most important motivation and highest target of sustainable development. Vietnam's commitment to net-zero emission by 2050 given at the 26th U.N. Climate Change Conference (COP26) showed the country’s determination and responsibility in joining hands with the international community in addressing global challenges in climate, environment and biodiversity downgrading, heading to a healthy planet, Dinh said. He underlined that it is necessary to build a suitable legal corridor, encouraging and supporting organizations, individuals and businesses to operate in a green and sustainable manner. Parliaments … [Read more...] about Parliaments should play stronger role in protecting environment for sustainable development: National Assembly Vice Chairman
Local banks seek foreign funding
Meanwhile, in late July or early August, VPBank is set to receive over $140 million from its arrangement to sell a 15 per cent stake to Japanese partner SMBC. The bank received a deposit equal to $156 million from the Japanes bank in mid-April. Many other lenders are currently mulling over plans to sell a stake in their businesses to foreign investors, with deals values at billions of US dollars. The most eminent among those involve Vietcombank and BIDV. Vietcombank is mulling over a private placement of over 307 million shares between 2023-2024 to a foreign financier. Assuming that the purchase price is set at around $4 a share, as was the ticker price at the close of business last week, the state lender would acquire approximately $1.2 billion from any deal. Besides selling stakes in the banks themselves, many local commercial lenders are being proactive in seeking foreign funding. Similarly, BIDV is seeking to sell a 9 per cent stake equal to over 455 million … [Read more...] about Local banks seek foreign funding
Vegetable and fruit exports expected to hit $4 billion this year
Fruit and vegetable processors are urged to adopt advanced technologies to improve export value. Vietnam's fruit and vegetable export turnover has risen 29% year-on-year to US$1.9 billion in the first five months of this year, enabling the sector to reach US$4 billion in exports in 2023, according to the Ministry of Agriculture and Rural Development (MARD). Fruit and vegetable exports grossed US$982 million in the first quarter of this year, up 16.2% compared to the same period in 2022, with sales to the Chinese market showing impressive growth. China imported $805 million worth of Vietnamese products, accounting for 80% of the market share. MARD stressed that in foreign markets, including China, Vietnamese fruits face stiff competition from rivals from Thailand, Cambodia, and the Philippines. "Export prospects in the second half of the year will be better as many countries favor Vietnamese agricultural products," it added. Vietnamese durian for exporting. … [Read more...] about Vegetable and fruit exports expected to hit $4 billion this year
Meeting to present scholarships and sponsorship to students and orphans
At the meeting, delegates, children, and students offered incense in commemoration of President Ho Chi Minh and visited Ho Chi Minh City culture space at the headquarters of the city’s association of farmers. They were also entertained with special artistic performances by children from Phu Nhuan district’s culture center, watched a video of the association’s implementation of scholarship and sponsorship programs, and talked about students’ aspiration. Annually, Ho Chi Minh City’s Association of Farmers works with the Ho Chi Minh City Television to organize a New Year program to call on units, organizations, businesses, individuals, and benefactors to facilitate its social security activities. Notably, together with maintaining a scholarship program for students whose parents are the association’s poor and near-poor members, it has launched a sponsorship project for those whose parents or caregivers died due to the COVID-19 pandemic. The program has been carried out since 2021. In … [Read more...] about Meeting to present scholarships and sponsorship to students and orphans
“Red Sunday” program collects over 450 blood units
The 15th edition was part of the emulation program of the military youths in general and of the VMMU youth in particular in celebration of the 133rd birthday anniversary of President Ho Chi Minh (May 19, 1890 - 2023), and towards 75 years since President Ho Chi Minh issued a call for patriotic emulation (June 11, 1948 - 2023). Addressing the event, Senior Colonel Doan Van Mau, Deputy Political Director of the VMMU, stressed that over the past time, the university’s Party Committee and Board of Directors have actively directed the establishment of a steering board on voluntary blood donation with Youth Union members and youths as the core of the blood donation program. The steering board has proactively disseminated information to the university’s cadres, Youth Union members and youths to raise their awareness of the noble significance of the voluntary blood donation activities, promote their sharing and stay ready to donate blood to save lives. The school’s official emphasized that … [Read more...] about “Red Sunday” program collects over 450 blood units
Vietnam projected to become 20th largest global economy
According to the International Monetary Fund (IMF), Vietnam's GDP based on purchasing power parity (PPP) stood in 25 th position globally in 2022, ranking just below countries such as Australia, and Poland. Specifically, Australia's reached approximately $1.63 trillion, securing 20 th position worldwide, while Poland's stood at around $1.64 trillion, placing it 19 th . The IMF also estimates that by 2023, Vietnam is expected to secure fourth position in Southeast Asia with a forecast GDP PPP of approximately $1.45 trillion. Looking further ahead, by 2026, Vietnam is estimated to have surpassed Thailand, propelling it to the second spot in the region with a figure of around $1.87 trillion. By 2028, Vietnam's economy is anticipated to have reached approximately $2.21 trillion, placing it among the top 20 economies globally. The top 20 economies in 2028, according to the IMF, are predicted to include China, the United States, India, Japan, Germany, Indonesia, Russia, … [Read more...] about Vietnam projected to become 20th largest global economy
Saigon Hi-Tech Park partners with US firm to improve IC design capability
At the signing ceremony (Photo: VNA) HCM City, (VNA) – The Saigon Hi-Tech Park (SHTP) in Ho Chi Minh City and Cadence Design Systems , a multinational computational software company of the US, on May 30 signed a memorandum of understanding on cooperation in developing electronic design manpower and promoting the semiconductor industry in Vietnam. Under this partnership, Cadence, a world leading company in electronic design, can provide integrated circuit (IC) design software tools and related training programmes for universities in HCM City via its academic network. Nguyen Anh Thi, head of the SHTP management board, said the cooperation with Cadence will give local students a chance to access the latest technologies and methodologies in IC and system design, and acquire practical experience that will help them succeed in the high-tech industry. It will also help strengthen the capability of the SHTP Chip Design Centre, thus contributing to the local semiconductor … [Read more...] about Saigon Hi-Tech Park partners with US firm to improve IC design capability
Smart border gate control proposed to facilitate trade of farm produce with China
Customs officials checks the transportation of goods at Huu Nghi International Border Gate via a digital border gate platform. — VNA/VNS Photo Anh Tuan Smart border gate control should be launched to prevent congestion and facilitate cross-border trade in farm products between Viet Nam and China. The proposal was raised at the working session between Viet Nam Ministry of Agriculture and Rural Development and China’s Guangxi Province on Tuesday on measures to promote the trade exchange of farm produce between the two countries. Guangxi was the largest gateway for agricultural exports from Viet Nam to China. Statistics of the China Customs showed that around US$350.4 million worth of agricultural products was imported to China via border gates with Guangxi Province in the first four months of this year, accounting for 19.7 per cent of Viet Nam’s total agricultural exports to China. According to Nanning Customs, the peak harvest seasons for fruits such as durian and mango are … [Read more...] about Smart border gate control proposed to facilitate trade of farm produce with China