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An overview of the meeting between Prime Minister Pham Minh Chinh and Brazilian businesses . (Photo: VNA) Sao Paulo (VNA) – Prime Minister Pham Minh Chinh on September 24 asked Vietnamese and Brazilian businesses to concretise cooperation mechanisms with specific programmes and projects, with an aim to bring two-way trade turnover to 10 billion USD by 2025, and 15-20 billion USD by 2030 in a more balanced direction. PM Chinh, who is in an official visit to the South American country, stressed that after nearly 35 years of the establishment of diplomatic ties, the bilateral relations have developed positively in all fields. Vietnam and Brazil are currently each other's largest trading partner in Southeast Asia and South America, with their trade turnover reaching a record level of about 6.78 billion USD in 2022, up 6.6% year-on-year, and by threefold in the past decade. However, investment cooperation remains very modest, as Brazil currently has six valid projects … [Read more...] about Vietnamese, Brazilian firms asked to work together to raise trade to 10 billion USD

Hanoi stimulates the consumption of One Commune, One Product (OCOP) products through numerous promotional and networking events. Many trade promotion events for Hanoi's OCOP products associated with the culture of provinces in the Central Highlands and Southern regions will be held until the end of 2023, according to the Hanoi Department of Agriculture and Rural Development. A consumer shops at the Hanoi Farm Produce Fair 2023 in Ung Hoa District. Photo: Hoai Nam/The Hanoi Times Nguyen Van Chi, Deputy Head of the Hanoi Coordination Office of the New Rural Construction Program, said last week's event on Trinh Cong Son Pedestrian Street is the beginning of a series of trade promotion activities for the sale of OCOP products and safe farm produce linked to the culture of provinces and cities across the country. More than 100 booths with over 2,000 OCOP products were displayed at the fair. Consumers in the city had the opportunity to access specialties from 35 … [Read more...] about Promotional events in Hanoi boost sales of OCOP products

Visitors to a booth of a Vietnamese company at the Uttar Pradesh International Trade Show (Photo: VNA) New Delhi (VNA) – Nearly 50 enterprises from Vietnam attended a trade promotion and business matching programme on September 22-23 as part of the Uttar Pradesh International Trade Show (UPITS), held for the first time by the administration of the Indian state of Uttar Pradesh . The Vietnamese delegation accounted for over 10% of the international guests invited by the Uttar Pradesh administration to the UPITS, organised in coordination with the Federation of India n Export Organisations (FIEO). With support from the Trade Office of Vietnam in India, the delegation attended business matching events and export promotion forums held by FIEO. Addressing a forum, FIEO Director General Ajay Sahai said by building an export ecosystem, Uttar Pradesh will become an export hub of India and make tremendous contributions to the country’s gross domestic product. Meanwhile, … [Read more...] about Nearly 50 Vietnamese companies join trade promotion event in India

To date, carbon emissions from building operations have reached an all-time high of around 10 gigatons of CO 2 . This figure is an increase of about 5 per cent compared to 2020 and 2 per cent higher than the previous peak in 2019. Therefore, reducing carbon emissions in construction projects plays an essential role in achieving an overall reduction. The World Green Building Council (WGBC) has developed a vision and action framework up to 2030. In particular, all newly built construction projects must have zero operational carbon and reduce their associated energy by 40 per cent in terms of embodied carbon. By 2050, all buildings (both existing and new) must achieve-zero operational carbon, with new constructions having to achieve zero carbon content. Measured over the entire life cycle of the building, a zero-carbon construction is one with zero operating and zero embodied carbon. Diamond Lotus Riverside by PKP has been researched and applied many strategies to reduce … [Read more...] about Phuc Khang applies green building standards to reduce carbon emissions

Prime Minister Pham Minh Chinh (R) and President of the Communist Party of Brazil Luciana Santos. (Photo: VNA) Brasilia (VNA) – Prime Minister Pham Minh Chinh hosted a reception for President of the Communist Party of Brazil Luciana Santos and its leadership in Brasilia on September 24 as part of his official visit to the South American country. Hailing the Communist Party of Brazil’s achievements and positive role in the country’s politics, PM Chinh affirmed that the Vietnamese Party, Government and people always bear in mind and respect the Brazilian people, the Communist Party of Brazil, left-wing forces, and peace lovers' sentiments and valuable support for and assistance to the Vietnamese people during their past struggle for national liberation as well as the curent cause of national construction and protection. Amidst complicated and unpredictable developments in the world, Vietnam advocates promoting global solidarity as well as heightening multilateralism, … [Read more...] about PM receives leaders of Communist Party of Brazil, friendship association

Vietnamese Prime Minister Pham Minh Chinh called on Brazilian enterprises to beef up trade and investment activities in Vietnam to fully tap the great cooperation potential between the two countries, with the aim of boosting two-way trade to US$10 billion by 2025. PM Chinh was speaking at a powwow with representatives of Brazilian businesses in Sao Paulo on Sunday morning (local time) after he and his entourage arrived a day earlier for a four-day official visit at the invitation of President Lula da Silva. “The political relationship between our two countries is very good, but trade and investment relations are still not comparable, as there is still a lot of room for cooperation that has yet to be tapped,” the PM said at the event. Last year, the trade turnover between the two countries reached $6.78 billion, with Vietnam mainly importing from Brazil. Such bilateral trade remained modest as Brazil is the largest South American country with a population of 214 million people, … [Read more...] about Vietnam eyes $10bn trade with Brazil by 2025: PM Pham Minh Chinh

The visit aims to strengthen bilateral relations between Hanoi and Beijing and other Chinese localities. Secretary of the Hanoi Communist Party Committee Dinh Tien Dung on September 25 arrived in Beijing to begin a five-day visit in China. Hanoi Secretary of the Party Committee Dinh Tien Dung (right) arrives in Beijing on September 25. Photo: Hanoi Party Committee Secretary Dung led a group of high-ranking Hanoi delegates to realize the joint statement between Vietnam and China on enhancing the comprehensive strategic cooperative partnership. The partnership was strengthened after General Secretary of the Vietnamese Communist Party Nguyen Phu Trong paid a visit to China on October 10-November 11, 2022. During the five-day trip, the Hanoi delegation will meet high-ranking officials of the Chinese Communist Party, the Chinese Government, Beijing and other localities. Secretary Dung’s visit will also aim to assure Hanoi and Beijing make efficient … [Read more...] about Hanoi Party Chief begins a five-day visit to Beijing

Vietnam and Brazil would help each other get into large, dynamic regional markets. Vietnam and Brazil are important to each other in facilitating economic cooperation in the regional markets in which they are represented. Vietnam's Prime Minister Pham Minh Chinh and Brazilian businesses in São Paulo on Sept 24 local time . Photos: Nhat Bac/VGP Vietnamese Ambassador to Brazil Pham Thi Kim Hoa commented on Prime Minister Pham Minh Chinh’s ongoing official visit to Brazil at the invitation of President Luiz Inácio Lula da Silva. She said Brazil is Vietnam’s gateway to Latin American markets , whereas Brazil’s businesses use Vietnam as their entry point into the ASEAN market and other Asian nations. Brazil, with a market of more than 200 million people, has potential for Vietnam and is the leading partner in Latin America. Brazil is Vietnam’s biggest trade partner in Latin America, with a two-way trade of US$6.78 billion in 2022. Vietnam’s export staples … [Read more...] about Vietnam-Brazil relations: Gateways to regional markets

At the forum, held also thanks to the Swiss State Secretariat for Economic Affairs and the Australian Department of Foreign Affairs and Trade, speakers emphasised the substantial challenges faced by the climate finance sector in Vietnam in aligning significant investment opportunities with environmental objectives. This sentiment was shared by Allen Forlemu, the IFC's regional industry director for Financial Institutions Group, Asia-Pacific, when he said, “It is evident that climate change is an increasingly disruptive factor for Vietnam's economy, and the costs are already starting to undermine growth. In 2020, Vietnam lost $10 billion, or 3.2 per cent of its GDP, to climate change impacts.” “If nothing is done, costs will only rise. In a business-as-usual scenario with limited global mitigation efforts, climate change could cost Vietnam up to 14.5 per cent of GDP annually in roughly 30 years, with the potential to push a million people into extreme poverty in less than a decade,” … [Read more...] about Forum discusses impact of climate change

Van Phuong, who lives in District 7, said he signed a contract with AISVN's chairwoman Nguyen Thi Ut Em in 2018 to lend the school VND5 billion (US$205,000). With such loans from their parents, the children would be allowed to study for free at the school in Nha Be District until they graduate from high school or move to another school. As stated in the contract, the loan is interest-free, and the school will pay it within 90 days after the students move to another school or finish their 12th grade. "My children moved in 2022 but the school has paid us nothing," Phuong said. He added that the school had promised to pay the debt twice, in January and May this year, but has defaulted until now. "When signing the contract, I simply thought that my two children could get access to an international education free of charge if I lent them the money, which is a long-term benefit. I did not expect the school to break its promise like this," he said. In the same situation, Thanh … [Read more...] about Parents accuse HCMC international school of dodging debts