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President Nguyen Xuan Phuc (standing) chairs the meeting in Hanoi on August 11. (Photo: VNA) Hanoi (VNA) – Standing members of the steering committee in charge of a project to draft a strategy for building and completing a law-governed socialist state of Vietnam by 2030, with a vision to 2045, held a meeting with the Central Theoretical Council in Hanoi on August 11. Members of the council showed their support for the draft strategy, which they said has been prepared in a methodological, democratic and scientific manner that guarantees the Party’s comprehensive and absolute leadership, firmly maintains the socialist orientation , and doesn’t include loopholes for hostile forces to take advantage of to sabotage the Party, State or regime. The draft has selectively absorbed international experience, inherited and brought into play the achievements in building the law-governed socialist state of Vietnam after over 35 years of reforms, identified breakthroughs, set … [Read more...] about Steering committee meets theoretical council to discuss law-governed state

The capital city is committed to accompanying the business community in promoting industrial products using advanced and environmentally friendly technologies with high-added value. Hanoi is pushing for the development of industrial infrastructure and key industrial products, seen as the driving force for the capital city’s sustainable economic growth. Thang Long Industrial Park in Dong Anh District, Hanoi. File photo During the first six months of 2022, the municipal Department of Industry and Trade started the construction of six industrial parks and is working on accelerating 38 other projects in the city. For the 2021-2025 period, Hanoi aims for supporting industries to make up 30% of the total value of industrial production, an increase of 5% from the current level; raise the value of key industrial products to 40-45% of total industrial production, and expects 10% of businesses in Hanoi to stay among Vietnam’s top 500 companies. To realize this goal, … [Read more...] about Hanoi promotes industrial infrastructure development for sustainable growth

The documents, published for the first time, provide an overview of the current situation, solutions and steps to be taken so that stakeholders can carry out digital transformation for sustainable tourism development, contributing to the harmonization of the process in the industry. They introduce software and apps for tourists, firms, guides and management agencies. According to the VNAT, digital transformation is an inevitable trend for the tourism industry worldwide. In Vietnam, the application of information technology (IT) and digital transformation is a major policy of the Party and State, with priority given to the development of digital and smart tourism. The administration has coordinated with partners to build a range of products that apply IT and digital transformation in the tourism industry, thereby bringing convenience to firms and state management agencies as well as tourists, towards forming a tourism digital transformation ecosystem. VNAT’s website has also been … [Read more...] about Document on digital transformation in tourism industry published

Hanoi (VNA) - The following is a list of selected news summaries last night by Vietnam News Agency. - Party General Secretary Nguyen Phu Trong hosted a reception in Hanoi on August 10 for Anouphap Tounalom, Secretary of the Lao People's Revolutionary Party (LPRP) Central Committee, and Secretary of the Party Committee and Chairman of the People’s Council of Vientiane. The Party leader congratulated Laos on its comprehensive achievements, with active contributions made by the capital Vientiane. Read full story President Nguyen Xuan Phuc and Ambassador of Israel Yaron Mayer (Photo: VNA) - President Nguyen Xuan Phuc received in Hanoi on August 10 Ambassador of Kuwait Yousef Ashour Al-sabbagh and Ambassador of Israel Yaron Mayer, who came to present their credentials. At his meeting with Ambassador Al-sabbagh, President Phuc affirmed that Vietnam always attaches importance to and wishes to enhance the traditional friendship with Kuwait, one of the leading economic … [Read more...] about ☀️ Morning digest August 11

A view of DEEP C Quang Ninh Industrial Park in the north-eastern province of Quang Ninh. — Photo courtesy of the firm The Ministry of Planning and Investment (MPI) is drafting a Government resolution on measures to increase the efficiency of IPs and EZs. It said IPs and EZs account for 50 per cent of the country’s total export value. However, the ministry pointed to a number of problems related to the IPs and EZs, including their unsustainable development in different aspects. Living conditions of local communities where the zones are located have not seen remarkable improvements. In the draft resolution, the MPI suggested the building of a Law on IPs and EZs in 2022, and the issuance of a Prime Minister’s decision on the co-ordination mechanism among ministries, sectors and localities in managing IPs and EZs. The draft also looked to stipulate the maximum acreage of an IP and an EZ, as well as define orientations in investment attraction to match the advantages of each … [Read more...] about Resolution on IPs and EZs management drafted

Kredivo, one of the most valuable fintech unicorn in Southeast Asia, has been established in Vietnam since August 2021 through the partnership with VietCredit JSC. Sendo is one of the leading e-commerce platforms of Vietnam, serving millions of customers and sellers in Vietnam every month. This partnership takes Kredivo to the next level in its business journey in Vietnam. With the simplicity of just 2-clicks, Sendo’s customers will be able to seamlessly checkout via Kredivo while allowing these customers to repay in 30 days at 0% or over 3, 6 and 12 months. During the registration process, customers can sign up through the mobile application, and get approval by VietCredit for a credit limit of up to 25 million VND in nearly real-time. Krishnadas, SVP Business Development of Kredivo, said, “Kredivo aims at solving customers' needs to access fast and affordable credit, while also supporting merchants in driving higher Gross Merchandise Value. We are delighted to partner … [Read more...] about Kredivo and VietCredit provide “Buy Now Pay Later” service on Sendo

Vietnam says that its trade relations with the US have coincided with the World Trade Organization's regulations. Vietnam stands ready to discuss with the US to address issues emerging in trade, Spokeswoman of the Ministry of Foreign Affairs Le Thi Thu Hang said today. Vietnam has always worked with the US through existing mechanisms, including Trade and Investment Framework Agreements (TIFAs), to boost trade and investment for the sake of businesses and people of both sides, Hang shared the view at the press conference on August 11. Warehouse storage of steel products in Vietnam. Photo: VNA On August 8, the US Department of Commerce (DOC) issued an official notice on the initiation of an investigation into trade remedy evasion with respect to a number of steel pipe products imported from Vietnam. According to ASL law firm , Large US steel pipe producers asked the US to launch an investigation after learning that Vietnam was importing Hot Rolled Steel … [Read more...] about Vietnam willing to work with US on emerging issues: Spokeswoman

Prime Minister Pham Minh Chinh speaks at the conference (Photo: VNA) Hanoi (VNA) - Prime Minister Pham Minh Chinh urged the business community and associations to take specific solutions and join hands with ministries, sectors and localities to remove difficulties, towards promoting economic recovery and sustainable development. Chairing at a Government to Business (G2B) conference on August 11, PM Chinh said thanks to tireless efforts over the last two years, Vietnam has managed to contain the COVID-19 pandemic, with stable macro-economy, inflation under control and positive economic growth . He asked for more efforts to improve the business and investment environment and accelerate the reform of administrative procedure s; build industry strategy and planning; and develop socio-economic infrastructure, towards creating favourable for businesses to build long-term and sustainable business, production and investment orientations. Participants at the meeting … [Read more...] about PM asks for greater efforts to promote sustainable recovery

In a meeting on August 9 with Robert McCooey, Senior Vice President of Nasdaq's Listing Services unit, who leads business development for new listings in Latin America and Asia-Pacific, the Vietnamese diplomat said Vietnam wants to attract big firms from the U.S. to invest in the above-mentioned areas, especially those that can contribute to implementing Vietnam's commitments at the 26th U.N. Climate Change Conference of the Parties (COP26). The Delegation of Vietnam to the U.N. is ready to cooperate with Nasdaq in the organization of meetings and seminars to this purpose, especially on the occasion of working visits of Vietnam’s high-ranking delegations to New York, he affirmed. McCooey said that Vietnam's investment environment has a clear competitive advantage in the region thanks to its flexible response policy to the COVID-19 pandemic, and stable legal system. He welcomed the suggestion of the delegation, saying Nasdaq is willing to work with the delegation to introduce … [Read more...] about Vietnam looks to draw reputable U.S. investors: Ambassador

Illustrative image (Source: VNA) HCM City (VNS/VNA) - As tourism continues to revive, the hotel and tourism industry is suffering from challenges in recruiting qualified human resources post pandemic, industry players warned. Speaking at a seminar on August 9 in HCM City, Dr Nguyen Anh Tuan, director of the Institute for Tourism Development Research, said there was a lack of high-quality staff in the industry. Vu The Binh, chairman of the Vietnam Tourism Association , said that human resources were a weak point for the industry even before the pandemic. “Efficient, hard-working, and resourceful human resources are the backbone of any successful business. It is even more so in the case of the hotel industry.” Successful hotel operations are sustained by customer-oriented and hard-working employees who have adequate competencies, he added. A large number of hotels and resorts stopped operation during the two-year pandemic, and coming back could prove challenging, he … [Read more...] about High-quality human resources key to sustainable tourism industry