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A customer picking a Vinamilk product at a grocery store. Vinamilk shares dipped by 1.3 per cent yesterday, weighing the market in general. Photo vinamilk.com.vn HÀ NỘI — The market settled lower on Friday as risk appetite was not strong enough to push up general sentiment. The VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) reversed the recent rally course and ended the week at 1,240.71 points, down 0.93 points, or 0.07 per cent. The market’s breadth was negative with 223 stocks decreasing, while 209 inched higher. Liquidity was also lower than the previous session, of which nearly 505 million shares were traded on the southern bourse, worth over VNĐ12.46 trillion (US$537.7 million). Stronger selling force was the main cause of the index’s reversal. The 30 biggest stocks tracker VN30-Index also posted a loss of 1.04 points, or 0.08 per cent, to 1,282.51 points. In the VN30 basket, 17 stocks dropped, while ten posted positive performance and three stayed flat. … [Read more...] about Market finishes the week on a negative note

The host described his guest’s official visit as highly important to promoting the two countries’ strategic partnership. He expressed his delight that despite the COVID-19 pandemic’s impacts, bilateral trade has still been on the rise, and Singapore is the largest ASEAN investor in Vietnam with 2,866 valid projects worth 67.56 billion USD. The two sides should increase all-level mutual visits and effectively implement bilateral cooperation mechanisms and agreements, especially the Vietnam - Singapore ministerial meeting on economic connectivity. Besides, their parliaments should continue supporting connections in post-pandemic economic recovery and development, with focus on the areas of Singapore’s strength and Vietnam’s demand like innovation, green energy, digital economy, and supply chain diversification, PM Chinh suggested. Sending thanks to Singapore for its precious and timely provision of medical supplies and COVID-19 vaccines, the Government leader of Vietnam asked both … [Read more...] about PM Pham Minh Chinh welcomes Speaker of Singaporean Parliament

Party General Secretary Nguyễn Phú Trọng meets the Speaker of the Singaporean Parliament Tan Chuan-Jin on Friday. VNA/VNS Photo Trí Dũng HÀ NỘI — Party General Secretary Nguyễn Phú Trọng met the Speaker of the Singaporean Parliament Tan Chuan-Jin yesterday, highlighting that the two countries should continue promoting their strategic partnership. The Singaporean Speaker emphasised that the strategic partnership between them had developed strongly and deeply in all fields. Singapore attached great importance to developing relations with Việt Nam, he said, noting that people-to-people exchanges were an important basis for bilateral relations. He informed the Vietnamese Party chief of the results of talks with the Chairman of Việt Nam’s NA Vương Đình Huệ, including the signing of a Memorandum of Understanding on cooperation, agreeing to strengthen exchanges and contacts between parliamentarians as well as cooperation between committees and at international forums. Party General … [Read more...] about Việt Nam, Singapore to promote strategic partnership

Experts at the workshop. — Photohanoimoi.com.vn Recognising that cyberattacks targeting the ICT supply chain are increasing, experts said that organisations in Việt Nam needed to be prepared to respond by sharing and updating knowledge about this form of attack. The Authority of Information Security under the Ministry of Information and Communications and the security firm Kaspersky co-organised a workshop titled “ICT Supply Chain Cyber Resilience” in Hà Nội on Thursday. The workshop aimed to support and prepare the country to respond to cyberattacks on the ICT supply chain. “Cyberattacks on the supply chain have grown strongly during the COVID-19 pandemic period and are expected to increase in the near future as well as the appearance of organisations and enterprises providing cyber attack weapons,” said Nguyễn Thành Phúc, director of the Authority of Information Security. “Therefore, sharing and updating knowledge related to this type of attack will help organisations … [Read more...] about Vietnamese businesses need preparation to respond to cyberattacks on ICT supply chain

Chair of National Assembly Committee for External Relations Vũ Hải Hà. — VNA/VNS Photo Doãn Tấn HÀ NỘI — The visit by National Assembly (NA) Chairman Vương Đình Huệ to Laos from May 15-17 was a success, helping further foster the cooperative relations and mutual support between the two parliaments, and bolster the great friendship, special solidarity and comprehensive partnership between the two countries, according to Chairman of the NA Committee for External Relations Vũ Hải Hà. Speaking to the Vietnam News Agency following the visit, Hà said that senior leaders of Laos highly valued the first visit by Huệ as the Vietnamese top legislator during the two countries’ Solidarity and Friendship Year 2022, making him the first foreign parliament leader to visit Laos during the ninth tenure of the Lao NA. The Lao side congratulated Việt Nam on its achievements in socio-economic development and pandemic control, and informed the Vietnamese leader on Laos’ socio-economic targets and … [Read more...] about Successful NA Chairman’s visit helps bolster partnership with Laos: Official

NA Chairman Vuong Dinh Hue (L) and General Secretary of the Lao People's Revolutionary Party (LPRP) Central Committee and President of Laos Thongloun Sisoulith (Photo: VNA) Hanoi (VNA) – The visit by National Assembly (NA) Chairman Vuong Dinh Hue to Laos from May 15-17 was a success, helping further foster the cooperative relations and mutual support between the two parliaments, and bolster the great friendship, special solidarity and comprehensive partnership between the two countries, according to Chairman of the NA Committee for External Relations Vu Hai Ha. Speaking to Vietnam News Agency following the visit, Ha said that senior leader of Laos highly valued the first visit by Hue as the Vietnamese top legislator during the Vietnam-Laos, Laos-Vietnam Solidarity and Friendship Year 2022, making him the first foreign parliament leader to visit Laos during the ninth tenure of the Lao NA. The Lao side congratulated Vietnam on its achievements in socio-economic development and … [Read more...] about NA Chairman’s visit helps bolster partnership with Laos: Official

Dragon fruit is one of Vietnam's key export products to the two high-end markets. According to Nguyen Thi Thu Huong from the Vietnamese Trade Office in Australia,  Vietnam has exported fresh dragon fruits to Australia since 2017 with the export value growing every year. Vietnam's dragon fruit export turnover to Australia surged by 36 percent in 2020 and 14 percent in 2021. Besides Overseas Vietnamese’s distribution systems, the fruit has been sold at major retail supermarkets in Australia, Huong added. Dragon fruit is one of three types of fruit licensed to be imported into New Zealand. Vietnamese Ambassador to New Zealand Nguyen Van Trung said dragon fruit is Vietnam's most successful export fruit to New Zealand with consecutive growths from 2014 to now. Humphrey Lawrence, General Manager in charge of imports of MG Marketing of New Zealand said Vietnam has a great opportunity to promote its dragon fruit export to the country. After the COVID-19 pandemic, the demand for … [Read more...] about Vietnam wants to increase dragon fruit export to Australia, New Zealand

Bilateral trade is growing positively, with more and more Singaporean-invested projects in Vietnam, Phuc said, considering the Vietnam - Singapore Industrial Park (VSIP) model a symbol of economic collaboration between the nations. He said he wishes for further bilateral cooperation in the field of human resources training, which serves as a firm foundation for both nations’ socio-economic development. Speaker Tan, who is paying an official visit to Vietnam, said special celebration activities are earmarked for 2023, which marks the 50th founding anniversary of the countries’ diplomatic relations. On the occasion, the Singaporean Prime Minister wants to visit Vietnam, he added. Expressing impressions on Vietnam's hosting of SEA Games 31, Tan said the organization of the region's largest sport tournament helps boost people-to-people exchange among participating nations. Telling his host about a memorandum of understanding between the Vietnamese and Singaporean parliaments, the … [Read more...] about President wishes for more Vietnam – Singapore cooperation projects