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The session will elect a new Minister of Natural Resources and Environment. Vietnam’s 15th National Assembly for the 2021-2026 term opens its fifth session today [May 22]. Overview of the 4th session of the National Assembly last November. Photo: quochoi.vn According to the scheduled agenda, the National Assembly is expected to hold a meeting in the morning and afternoon to discuss personnel matters. Nguyen Anh Tuan, deputy head of the National Assembly's Committee for People's Affairs, said earlier that the main topic of discussion will be the appointment of a new Minister of Natural Resources and Environment for the 2021-2026 term. Tran Hong Ha has served as Deputy Prime Minister and Minister of Natural Resources and Environment for the past four months. The National Assembly approved him for the position of Deputy Prime Minister for the 2021-2026 term in early January. In addition, the Standing Committee of the National Assembly will submit … [Read more...] about Vietnamese parliament convenes 5th session today

Hanoi (VNA) - The following is a list of selected news summaries last weekend by the Vietnam News Agency . - Prime Minister Pham Minh Chinh on May 20 stressed that promoting a more substantive and effective global partnership, international solidarity, and multilateral cooperation is key to solving today's complex challenges. An overview of the summit (Photo: VNA) In his remarks at the first plenary session of the expanded Summit of the Group of Seven (G7) in Hiroshima, Japan, the PM noted it is necessary to ensure that people are the centre, driving force, subject, resource and goal of development. Read full story PM Pham Minh Chinh meets US President Joe Biden. (Photo: VNA) Chinh and Biden agreed to maintain the exchange of all-level delegations. Chinh held that bilateral relations have positively developed over the recent past, with the economic-trade cooperation being the focus. President Biden spoke highly of the outcomes of the phone talks with Party … [Read more...] about ☀️ Morning digest May 22

Vietnam's economic growth began to weaken in late 2022 and continued into early 2023, resulting in GDP growth of only 3.32% in the first quarter. It would be challenging for Vietnam's economy to achieve 6.5% GDP growth target this year, said Chairman of the National Assembly's Economic Committee Vu Hong Thanh at today's opening session [May 22]. Overview of the session. Photos: quochoi.vn Thanh highlighted that Vietnam's economy had experienced a slowdown from late 2022 to early 2023, resulting in GDP growth of only 3.32% in the first quarter. "To achieve the targeted 6.5% growth for the year, the average growth rate for the remaining quarters needs to be around 7.5%," he added. Meanwhile, challenges in the financial and corporate bonds markets have made it difficult for businesses to access capital, leading to stagnation in the real estate sector. Key drivers of growth, such as exports and foreign direct investment, have also declined, and industrial … [Read more...] about Vietnamese Gov’t under pressure to realize 6.5% GDP growth target

Despite challenges, both sides have made concerted efforts to promote cooperation in various areas, including the economy, science, technology, and education. Vietnam gives priority to its long-standing and strategic comprehensive partnership with Russia . Nguyen Phu Trong, General Secretary of the Communist Party of Vietnam, emphasized this view today [May 21] during his meeting with Chairman of the United Russia Party Dmitry Medvedev, who is currently on an official visit to Vietnam from May 21 to 23 as part of the cooperation agreement between the two parties. General Secretary of the Communist Party of Vietnam Nguyen Phu Trong and Chairman of the United Russia Party of Russia Dmitry Medvedev. Photos: VNA In a warm and friendly atmosphere, Trong welcomed the Russian guest, the first leader of the ruling United Russia Party, to visit Vietnam. During the meeting, the Vietnamese Party leader shared with Medvedev the achievements of the Vietnamese … [Read more...] about Vietnam gives priority to comprehensive strategic partnership with Russia: Party chief

With FDI accounting for more than 70% of exports, Vietnam has successfully transformed over time into an export-driven and FDI-reliant economy. Vietnam’s establishment of a manufacturing supply chain ecosystem over the past 35 years with a focus on high value FDI is absolutely right and commendable. Mr. Joon Suk Park - Head of International Subsidiary Banking, Wholesale Banking, HSBC Vietnam, shared his ideas on the issue. Joon Suk Park - Head of International Subsidiary Banking, Wholesale Banking, HSBC Vietnam. Vietnam’s government is focusing on high value investment. How can high value FDI support Vietnam’s economy? Vietnam has over the years successfully transformed into an export led, FDI important economy where the latter contributes to more than 70% of the country’s exports. The manufacturing sector surrounding electronics and textiles & garments has been the key drivers. High value investments cover a broad range of sectors including … [Read more...] about High value investment takes Vietnam to the next level of qualitative growth: HSBC

The business community still has high hopes for Hanoi to improve the climate for investment and doing business. Following a general upward trend between 2017 and 2022, the Provincial Competitiveness Index (PCI) score in 2022 was 65.67 points, 0.37 points higher than the result in 2021, indicating continued progress in Vietnam's business environment. VCCI Chairman at the report launching event. Source: VCCI Pham Tan Cong, Chairman of the Vietnam Confederation of Commerce and Industry (VCCI), made the announcement today [April 11] at the launch of the PCI report. The PCI, the result of a long-standing collaboration between the VCCI and the US Agency for International Development (USAID), is designed to assess provincial economic governance, ease of doing business, and administrative reform efforts by provincial governments in Vietnam to promote private sector development. The 2022 PCI Report is based on responses from 11,872 firms, including 10,590 domestic … [Read more...] about Vietnam’s business environment continues to improve: PCI 2022

Artisans make Bo Bat pottery products. (Source: Ninh Binh Department of Information and Communications) Ninh Bình (VNA) – The northern province of Ninh Binh, which recorded the appearance of pottery from about 8,000 - 9,000 years ago, has made significant efforts to revive the local pottery village in Yen Mo district. Ninh Binh is an ancient land, where prehistoric people lived in limestone caves with many material creations, including terracotta pottery. Ancient artifacts discovered at the Man Bac archaeological site in Yen Mo’s Yen Thanh commune have reflected a brilliant culture and an important part of the prehistoric pottery peak in the northern region. According to Pham Hong Tung, head of the Institute of Vietnamese Studies and Development Sciences, the Ninh Binh pottery is among the earliest of its kind in the region and in the world. Through different historical periods, the province has always played the role of a centre of Vietnamese pottery. The pottery has a … [Read more...] about Ninh Binh’s ceramics conservation efforts pay off

PM Pham Minh Chinh (R) and Cambodian Deputy PM Men Sam An (Photo: VNA) Hanoi (VNA) – Vietnam always values and gives high priority to strengthening the fine neighborliness, traditional friendship, comprehensive, sustainable and long-term cooperation with Cambodia, said Prime Minister Pham Minh Chinh on May 26. At a reception in Hanoi for Samdech Kittisangahapundit Men Sam An , who is Deputy Prime Minister, Minister of the National Assembly - Senate Relations and Inspection of Cambodia and Chairwoman of the Cambodia - Vietnam Friendship Association, PM Chinh congratulated the guest on being bestowed with the royal title of Samdech Kittisangahapundit by King Norodom Sihamoni. He said this recognition from the King and the Cambodian Royal Family reflects their appreciation for her contributions to the development and protection of Cambodia over the past years. He believed that under the close guidance of PM Hun Sen, the 12th ASEAN Para Games, scheduled for June, will be a … [Read more...] about Vietnam gives top priority to ties with Cambodia: PM

Prime Minister Pham Minh Chinh has approved the long-delayed Power Development Plan VIII (PDP8), which will guide national energy policy for the rest of this decade and beyond. The plan awaits formal authorisation from the National Assembly, which is expected to meet from May 22. The first PDP8 submission was made in March 2021 and more than 10 draft versions were published. “We’ve all been waiting for PDP8 approval for several years now, so this is excellent news,” said John Rockhold, chairman of the American Chamber of Commerce in Vietnam (AmCham). “I appreciate that the government has taken enough time to research and refer to a realistic PDP8. This is in line with the government’s concerted efforts to accelerate the green energy transition towards its commitments to achieve net-zero carbon emissions by 2050.” Meanwhile, Bui Vinh Thang, country manager in Vietnam at the Global Wind Energy Council, told VIR, “With this approval, the Vietnamese government and the industry can … [Read more...] about All systems go for energy security

In an interview granted to the Vietnam News Agency ahead of the trip, slated for May 24-26, Pham Quang Hieu said that the Deputy PM’s speech at the conference will extend a message that Vietnam is a reliable partner, and an active and responsible member of the international community. The country is willing to join other countries to discuss and find ways to solve global and urgent challenges today, contributing to peace, stability, and development in the region and the world. This is also a manifestation of the Party's foreign policy, continuing to push up and improve the efficiency of the work of external relations and international integration, as well as multilateral diplomacy, he said. The annual conference is an international gathering where political, economic, and academic leaders from the Asia-Pacific region offer their opinions on regional issues and the role of Asia in the world. Held by the Nikkei Group since 1995, it is considered one of the most important global … [Read more...] about Vietnam wishes to contribute more to the future of Asia: Ambassador