Trading of securities

This is an important basis for affirming the capacity of Vietnam’s seaports and creates a premise for shipping lines to use the country’s seaports as important links in global shipping chains. Vietnam’s seaport infrastructure has been increasingly developed in recent times, contributing to improving service quality and competitiveness. The country enjoyed a trade surplus of 3.6 billion USD in the opening month of 2023, according to the General Statistics Office. The US remained the biggest importer of Vietnamese goods in January, with revenue of some 7.6 billion USD, while China was the biggest exporter to Vietnam, with 8.1 billion USD. In 2023, the Ministry of Industry and Trade sets a target of a 6% rise in goods export revenue, with trade surplus maintained./. VNA … [Read more...] about Vietnam ranks 2nd in Asia in two-way trade by sea with US

The figure showed an increase of 9.5 percent year on year and accounted for over one fourth of the country’s total import-export revenue. Of the figure, Vietnam’s export revenues were USD 78.98 billion, a rise of 8.4 percent over the previous year and accounting for 36.7 percent of the country’s total export value. Meanwhile, imports from G7 countries reached USD 34.03 billion, an increase of 12.3 percent and contributing 16 percent to total import revenue. As a result, in 2017, Vietnam enjoyed a trade surplus of USD 44.95 billion with G7 countries. Prime Minister Nguyen Xuan Phuc of Vietnam was invited to attend the G7 Outreach Summit in Charlevoix region, Canada’s Quebec state, from June 8-10. Vietnam and Bangladesh are the only Asian countries to be invited to the event, proving that G7 member states and the host, Canada, highly appreciate Vietnam’s role and stature. Source: VNA … [Read more...] about Trade revenue with G7 members totals USD 113 billion in 2017

During their meeting, FM Son and Cambodian Deputy Prime Minister and Foreign Minister Prak Sokhonn were pleased with the fruitful developments of the bilateral relationship in recent times, and agreed to continue promoting the exchange of high-level visits via all channels, enhancing people-to-people exchange; maintaining and optimizing the effectiveness of existing bilateral cooperation mechanisms; fostering economic connections; strengthening cooperation between localities, especially those that share borders; and exerting effort to speed up tourism recovery. They also agreed to accelerate negotiations towards completing the remaining 16% of the land border demarcation and marker planting in order to build a common borderline of peace, friendship, cooperation and sustainable development between the two nations; and closely coordinate at regional and international forums as well as sub-regional mechanisms, and support each other's candidacy to multilateral organizations. Sokhonn … [Read more...] about Foreign Minister meets Cambodian, Philippine, Malaysian counterparts

Headquarters of the State Bank of Viet Nam (SBV). After the Fed’s decision to raise its benchmark interest rate by only 25 basis points last week, analysts forecast the SBV may adopt a wait-and-see approach until the end of the first quarter of this year before making the next interest rate hike. — Photo sbv.gov.vn The State Bank of Viet Nam (SBV) might not increase its policy interest rate in the first quarter of 2023 after the US Federal Reserve (Fed) raised its rate by only 25 basis points last week while the Vietnamese dong has strengthened against the US dollar, analysts forecast. According to analysts from financial data provider FiinGroup, the dong has strengthened by about 5 per cent against the dollar since the beginning of December 2022 as the Fed has slowed rate hikes and China has reopened. After the Fed’s decision last week, the analysts forecast the SBV may adopt a wait-and-see approach until the end of the first quarter of this year before making the next … [Read more...] about Central bank forecast to keep policy interest rate unchanged in Q1 2023

Cuong lives alone in a small house spanning just 10 square meters, nestled deep within an alley of HCMC’s District 6. He has been living this way for several years in the house that a relative gave him. As he adjusted his tattered sleeves, the 66-year-old man brought out a box of personal items, documents and old newspapers. The documents and evidence were about a criminal case in which four police officers falsely accused Cuong and his two brothers-in-law of a crime they did not commit 38 years earlier. But even until today, that tarnish on his name remains. He has yet to to be given an apology and he has not received any compensation. "These papers were given to me by people at the time. I'm illiterate, but I know what these papers say by heart," Cuong said. "The police officers who made the false accusations have been put on trial, my two brothers have died, and I have yet to receive an apology." On February 28, 1985, Cuong, along with Ha Van Duoc and Tran Duc An, were … [Read more...] about Wrongful accusation, arrest destroys man’s life

Phan Thi Hue, head of the Legal Inspection Department under the Vietnam Directorate of Fisheries, noted that the EC will not try to remove the ‘yellow card’ regarding the detection of fishing vessels encroaching in foreign waters. An EC report in May warned that it is likely to impose ‘a red card’ on Vietnamese seafood in the event that violations on fishing regulations are not handled in a quick manner. The EC has therefore highlighted Vietnamese determination and efforts to gradually reduce the number of fishing vessels violating regulations regarding IUU fishing in foreign waters located in the Pacific region. It also spoke highly of the country’s goodwill, co-operation, transparency, and honesty in providing information about the fishing vessel database, as well as issuing a legal framework in line with international standards towards sustainable and responsible fishery management and international integration. Despite this, IUU inspection missions to several localities … [Read more...] about Greater efforts aim to remove Vietnam from IUU fishing warning

Prime Minister Pham Minh Chinh speaks at the conference. (Photo: VNA) Binh Dinh (VNA) – Prime Minister Pham Minh Chinh urged the north-central and central coastal regions to create more breakthroughs in development to match their potential and advantages while addressing a conference in Quy Nhon city, Binh Dinh province, on February 5. The conference touched upon the implementation of the Government’s action plan to materialise the Politburo’s Resolution No. 26-NQ/TW dated November 3, 2022 on orientations for socio-economic development and national defence and security in the two regions by 2030 with a vision towards 2045. It was also intended to promote investment in the regions with the theme of “Linkage - Breakthroughs from maritime economy - Rapid, sustainable development.” The regions hold strategic positions and roles of special significance in terms of economy, especially maritime economy, politics, culture, social affairs, environment, external relations, … [Read more...] about PM asks north-central, central coastal regions to create development breakthroughs

Flight passengers at Noi Bai International Airport.(Photo: VNA) Hanoi (VNA) – The Civil Aviation Administration of Vietnam (CAAV) has asked agencies under its wing to strengthen inspection and supervision to promptly detect and handle smuggling by air. CAAV asked northern, central and southern airport authorities to intesify supervision to prevent and combat smuggling, commercial fraud, and counterfeit goods of relevant agencies, units, organisations, and individuals in areas under their management. ACV ) and Van Don International Airport are asked to closely coordinate with relevant units to organise training for the aviation security force so that they are equipped with the proper skills and knowledge to detect counterfeit goods. VNA … [Read more...] about Airline agencies asked to tighten control over smuggling by air

A worker (right) given information on job vacancies at the Hanoi Job Marketplace (Photo: VNA) Hanoi (VNS/VNA) - Employment service centres in big cities have increased capacity to help connect workers with vacancies after the Tet (Lunar New Year) holiday. Nguyen Duc Hoang, an electrician in Hanoi, quit his job before the Tet holiday and has been doing a variety of part-time jobs since. He has been receiving unemployment insurance for three months. He went to the Hanoi Job Marketplace to find a more stable job with insurance and allowances. “Through the job marketplace, I was introduced to several jobs related to my profession, and I’m considering them,” said Hoang. Nguyen Thi Nhung, an accountant, also went to the Hanoi Job Marketplace to find out more information about recruitment after finishing an advanced professional course. “I already got the information I needed, and I am comparing companies’ conditions and remuneration," she said. Vu Quang Thanh, … [Read more...] about Job centres step up efforts to help unemployed workers after Tet

VinAI Research Founding Director & CEO Bui Hai Hung presents flowers to speakers, and partners accompanying AI Day 2022 (Photo: VNA). Hanoi (VNA) – Artificial Intelligence (AI) Day 2022 officially opened in Hanoi on August 26, attended by both leading Vietnamese and foreign AI experts. The two-day event is organised by VinAI Research - the tech arm of Vingroup, the biggest conglomerate of Vietnam, with the support of the Ministry of Science and Technology, and the National Innovation Centre. It brings together leading researchers, policymakers and practitioners from all over the world to exchange on how AI is transforming societies, economies, and the environment. Under the theme of ‘Empower the Future’, AI Day 2022 features three tracks: AI for Global Equality, AI for Sustainable Development, and AI for Safety. Specifically, during the discussion on AI and Sustainable Development, speakers analyse the social and environmental impacts of designing, developing and … [Read more...] about AI Day 2022 kicked off, seeking ways to develop AI industry in Vietnam