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Alumni are regarded ambassadors to strengthen Australia and Vietnam relations amid joint efforts to work together on a variety of educational and training projects. Vietnamese people who studied in Australia have contributed to Vietnam’s development and acted as ambassadors to foster bilateral relationship. Australian Trade and Tourism Minister, Senator the Hon Don Farrell praises the role of alumni in Australia-Vietnam relations. Photo: Embassy of Australia in Hanoi Australian Trade and Tourism Minister, Senator the Hon Don Farrell has praised the role of alumni’s contributions to Vietnam and Australia bilateral relations. Alumni help to add depth to Australia's economic diplomacy, building trade, investment, and business linkages, not only in Vietnam, but more broadly in the Southeast Asian region, Senator Don Farrell said during a visit to Vietnam last month. The senator made the remarks at the inauguration of the Australian Alumni Awards to honor the … [Read more...] about Alumni bridge Australia and Vietnam

The Hanoi Technology Exchange's development aims to connect with the national technology exchange and technology centers worldwide. The construction and operation of the Hanoi Technology Exchange must be completed this year, the Hanoi Department of Science and Technology has been urged. The request was made by Hanoi People's Committee Deputy Chairman Le Hong Son during a recent meeting with the department to review its performance in the first five months of the year and outline plans for the rest of 2023. Le Hong Son, Deputy Chairman of the Hanoi People's Committee, addresses the event. Photo: Phuong Nga In 2022, the City Council approved the plan to build and operate the Hanoi Technology Exchange, which is expected to be pivotal in developing the science and technology market. It will serve as a platform for consulting, brokering, facilitating technology transfer, and technology trade. According to the plan, the exchange will operate under two … [Read more...] about Launch of Hanoi technology exchange this year

Currently, there are more than 70 million registered motorcycles in the Southeast Asian country with the figure projected to grow even larger in the future. In the first four months of 2023 alone, the country produced more than 1 million new motorcycles. Five major manufacturers: Honda, Yamaha, Suzuki, Piaggio, and SYM hold over 90% of the market share in Vietnam, manufacturers also export fully assembled models to international markets. VAMM said the stage has been set for Vietnam to become an attractive destination for motorcycle manufacturers in the Asia-Pacific region. Due to supply chain difficulties and rising trade tension between the U.S. and China, manufacturers have been shifting their investments to smaller markets in Asia to minimize risks. For example, the Japanese government has allocated a 2.2 billion USD fund in support of Japanese businesses relocating from China while the U.S. government has been calling for U.S. businesses to either return to the U.S. or … [Read more...] about Vietnam emerges as a major motorcycle market and manufacturing hub

The plan strives to increase the share of renewable energy in the country's power mix to between 67.5-71.5 % by 2050. (Photo: VNA) Hanoi (VNA) - The National Power Development Plan VIII , which has been recently approved by the Prime Minister, aims to ensure national energy security, thus satisfying the country's socio-economic requirements in the time ahead. GDP growth rate of about 7.0% during the 2021-2030 period, and 6.5-7.5% in 2031-2050. ASEAN in terms of power reliability. Additionally, half of the office buildings and homes in the country would be powered by rooftop solar panels by 2030. Illustrative image (Source: EVN) Greenhouse gas emissions from energy production would be cut to around 27-31 million tonnes by 2050 from about 204-254 million tonnes in 2030. VNA … [Read more...] about National Power Development Plan VIII to ensure national energy security

Deputy Prime Minister Tran Hong Ha speaks at the meeting. (Photo: VNA) Hanoi (VNA) – Deputy Prime Minister Tran Hong Ha has requested the national energy master plan for 2021 - 2030, with a vision to 2050 reflect and help implement Vietnam’s commitments on net zero emissions and in the Just Energy Transition Partnership (JETP). Ha made the request at a meeting with the national appraisal council for the draft national energy master plan in Hanoi on June 2. The Deputy PM said the plan should include some new viewpoints and specify important tasks in identifying the relationship and the mechanism for coordination among energy segments (coal, oil and gas, electricity, renewable energy, among others). It also needs to be consistent with other plans such as those on land use and sea space. The national energy master plan must show a consistent mindset and help implement Vietnam’s commitments on net zero emissions and in the JETP as well as the plans for energy … [Read more...] about Master plan must reflect Vietnam’s energy commitments: Deputy PM

The roofs of many buildings in Hanoi are covered by water tanks, which could pose dangers. It is easy to see water tanks placed on apartment buildings' roof in Thanh Xuan Bac Ward, Thanh Xuan District, from Belt Road 3. The tanks look like they could fall onto the ground at any time. The old apartments in Hanoi are usually small, so the water tanks are put on the roof. Each can contain between 500-1,500 litres of water and are reinforced with iron frames. Being exposed to weather for a long time, the iron frames can become corroded, posing a potential risk of cracking or breaking, especially during the rainy season. … [Read more...] about Rooftop water tanks pose dangers in Hanoi

A display of TAG Heurer at Saigon Centre. The company says Viet Nam remains their key market in the region. — Photo from Internet Swiss luxury watch brand TAG Heuer has recently announced that Viet Nam is one of their key markets in the Indochina region. Viet Nam is definitely the fastest growing developing market today so it is chance to invest in the market, said Cindy Lee, senior brand director exports of TAG Heuer. The company also affirmed that not only TAG Heurer but also other luxury brands now are focusing on the Vietnamese market. Among activities aimed at expanding the business in the country, the brand has recently celebrated the 60th anniversary of the Carrera. In a partnership between TAG Heuer and Swiss Master Time, five iconic Carrera heritage pieces from the 1950s to 1971 directly from TAG Heuer’s museum in La Chaux-de-Fonds, Switzerland, were showcased at Saigon Centre alongside a Porsche Carrera 911, marking a partnership between TAG Heuer Vietnam and … [Read more...] about Viet Nam remains key market for Tag Heuer

The tie-up offers MPGS customers access to Vesta’s Payment Guarantee™ and Payment Protect solutions. — Photo courtesy of the company With merchants estimated to suffer more than US$48 billion in e-commerce fraud globally in 2023 – 22 per cent of that in Asia – Mastercard on June 2 announced the expansion of its partnership with Vesta, the global leader in payment fraud protection. Building on the two firms’ existing fraud detection collaboration, Mastercard will be integrating Vesta’s iron-clad Payment Guarantee™ and Payment Protect risk scoring solution into its Mastercard Payment Gateway Services (MGPS) platform. Starting in the second half of 2023, MPGS customers in the Asia Pacific region will be given optional access to both fraud-fighting solutions which would offer total protection for their eCommerce transactions and take their cost of fraud to zero. “To provide MPGS customers with the toughest, most impenetrable fraud protection available, Mastercard is committed to … [Read more...] about Mastercard ramps up fraud protection for e-commerce merchants