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Developing modern logistics infrastructure and enhancing linkage to lower logistics costs would give a push to export growth. — Photo baochinhphu.vn HÀ NỘI — Lowering logistics costs is key to increasing the competitiveness of Việt Nam’s export products and the whole economy. The latest figures of the Việt Nam Logistics Association revealed that logistics costs were equivalent to around 20-22 per cent of the country’s GDP, much higher than Thailand (19 per cent), China (18 per cent), Malaysia (13 per cent) and nearly three times higher than the US and Singapore (8 per cent). The association pointed out that about 4,000 enterprises were providing logistics services in Việt Nam, 97 per cent of which were micro, small and medium-sized enterprises. However, service quality, capital, information technology application, digital transformation and human resources remained limited. Trần Đức Nghĩa from the association said that logistics costs were pushed up by high road … [Read more...] about Lowering logistics costs key to competitiveness

Institutions have become a major impediment to the nation’s aspiration to reach high income by 2045. Vietnam needs to shift its economic growth model and improve the government’s capacity to implement economic policy reforms and public investments, realizing its aspiration of reaching high-income status by 2045, a World Bank Group report says. Overview of the report launch. The World Bank Group’s Systematic Country Diagnostic Update, themed "How Will Vietnam Blossom? Reforming Institutions for Effective Implementation,” emphasizes that Vietnam's traditional growth model faces major challenges from the Covid-19 pandemic, slowing globalization, and the country’s increasing vulnerability to external shocks, especially climate risks. After identifying a series of policy responses and reform priorities, many of which are not new, the report argues that adapting institutions will be the key to success. “Vietnam’s GDP per capita has increased fivefold over the … [Read more...] about Effective policy implementation crucial for Vietnam to reach high-income status by 2045: WB

Vietnamese Deputy Defence Minister Sen. Lieut. Gen. Hoang Xuan Chien attends the event. (Photo: VNA) Vietnamese Deputy Defense Minister Sen. Lieut. Gen. Hoang Xuan Chien made the comment while delivering a speech at the ASEAN Defense Senior Officials’ Meeting Plus (ADSOM ) in Phnom Penh on May 18. He stressed the need to comply with the Declaration of the Conduct of Parties in the East Sea (DOC) and accelerate the early signing of a practical and effective Code of Conduct in the East Sea (COC). Vietnam consistently pursues resolving disputes at sea by peaceful means, on the basis of international law, including the 1982 United Nations Convention on the Law of the Sea (UNCLOS), he affirmed. Besides emerging non-traditional security challenges, there have been new, complicated developments regarding traditional security issues, he said. Given that context, Chien emphasized that Vietnam has always been steadfast in its external policy of independence, self-reliance, peace, … [Read more...] about Vietnam stresses importance of maritime and aviation security in East Sea

Themed “The National road-map and guidelines for e-logbook and electronic catch documentation and traceability (eCDT) in Vietnam,” the workshop aims to share the results and lessons learned from eCDT pilot programs and make consultation on the road-map to applying e-logbook amd eCDT to the management of fishing activities and the implementation of the Fisheries Law 2017, heading for sustainable and responsible fisheries development in Vietnam. At the workshop, Deputy Director of the Department of Capture Fisheries under the Directorate of Fisheries Pham Ngoc Tuan presented an overview of the development of the software and guidance on the implementation of e-logbook and eCDT, including training support and pilot programs in localities. Partcipants at the workshop then discussed the results, lessons learned and gaps identified from the eCDT pilot programs. Lessons learned from the pilot programs have contributed to the completion of the e-logbook and eCDT program, jointly … [Read more...] about Vietnam’s fisheries sector to apply high-tech to ensure traceability

At the meeting, the two officials expressed their delight at the flourishing development of the Vietnam-Japan extensive strategic partnership and effective cooperation in different areas, including bilateral defense ties. They emphasized that over the past time, despite the COVID-19-caused impacts, the bilateral defense cooperation has been maintained and boosted, especially in exchange of delegations, military medicine, training, U.N. peacekeeping operations, and mutual support at multilateral forums. Both Vietnamese and Japanese deputy defense ministers consented to strengthen concrete and substantive defense cooperation with a focus on all-level delegation exchange, war legacy settlement through projects using the Japanese Government’s official development assistance (ODA) and non-refundable aid, and improvement of maritime law enforcement capacity. The two sides also agreed to continue to consult with and support each other at multilateral forums, and closely work together to … [Read more...] about Deputy Defense Minister Hoang Xuan Chien meets Japanese counterpart

The MoU was signed between the Partnership for Sustainable Agriculture in Vietnam, the National Agriculture Extension, and CARE, paving the way forward for the rollout of the Farming for Change – She Feeds the World project in Vietnam (SFtW Vietnam). The project aims to ensure small-scale farmers in Vietnam’s Central Highlands, particularly women and ethnic minorities, have more secure and resilient livelihoods for food, nutrition, and water security. The Central Highlands in Vietnam are a major agricultural hub, producing key food crops. However, the agricultural system in the region faces serious environmental, economic, and societal issues, including unsustainable agricultural practices and weak market linkage. The overuse of pesticides, fertilisers, and water resources are lowering the productivity of the land which is further exacerbated when farmers sell their products to local collectors who have limited bargaining power, earning them lower incomes. This particularly … [Read more...] about PepsiCo Foundation funds expansion of She Feeds the World programme

National Assembly Chairman Vương Đình Huệ and his Singaporean counterpart Tan Chuan-Jin held talks in Hà Nội on Wednesday. — VNA/VNS Photo Doãn Tấn HÀ NỘI — Speaker of Singaporean Parliament Tan Chuan-jin and Chairman of Vietnamese National Assembly have agreed that successful economic cooperation will elevate bilateral relations during the official talks on Wednesday in Hà Nội. The Singaporean parliament leader is in the capital for a three-day visit on the invitation of his Vietnamese counterpart. NA Chair Huệ said the ‘miraculous development’ of Singapore with the wise vision of the leadership and the aspirations of the people are always a source of inspiration to Vietnamese leadership and people. Amid complicated regional and global geopolitical, economic developments, the two countries should tighten relations, including between the legislations to contribute to the advancement of the Strategic Partnership. Speaker Chuan-jin said his visit to Việt Nam is a chance for … [Read more...] about Việt Nam, Singapore to expand cooperation in digital transformation, green economy: Legislative leaders

The Philippine vovinam fighter Jennel Yn Olsim Dasdas (red) competes with Mala Chanthalacksa of Laos in the women's 55kg. (Photo: VNA) Hanoi (VNA) – SEA Games 31’s vovinam competitions are taking place at the Soc Son Gymnasium on the outskirts of Hanoi from May 18-22, offering the host a good chance to promote its traditional martial art . Vovinam makes a return to the regional sports event after nine years of absence. It made its debut at SEA Games 26 in Indonesia in 2011. It took place for the second time in the games’ 27th edition in Myanmar in 2013. According to insiders, the return of vovinam can be seen as a very good opportunity for Vietnam to further popularise vovinam both regionally and internationally, attract more people from many countries to practice the martial arts, thereby making a basis for vovinam to be held more often at the regional sports events. Vietnam does not place much emphasis on achieving high results in vovinam at SEA Games 31 , said … [Read more...] about Vovinam makes comeback at SEA Games 31

Indonesian bowling athletes (Photo: VNA) Hanoi (VNA) – Indonesian pair Ryan Leonard Lalisang - Hardy Rachmadian won the gold medal in the men's doubles bowling category with 2,642 points on May 17, the second day of bowling competition in men's and women's doubles events. The silver and bronze medals went to two pairs of athletes from Singapore. In the women's doubles category, the pair Cherie Tan Shi Hua - New Hui Fen from Singapore snatched the gold with 2,309 points. The Malaysian and Indonesia n bowling teams received silver and bronze medals, respectively. May 18 will see competitions in 4-men’s teams and 4-women’s teams./. VNA … [Read more...] about SEA Games 31: men’s, women’s doubles bowling titles go to Indonesia, Singapore

Because of strict visa policies, promotions to attract international tourists have not been as effective as expected, according to many businesses. Enterprises have made huge investments to welcome back tourists, but such illogical visa policies may slow down the tourism recovery pace. Being confused and facing difficulties Many travel companies in Da Nang City told Tuoi Tre (Youth) newspaper that visa policies for foreign tourists were still their biggest concern. Before the COVID-19 outbreak, Vietnam offered the visa waiver policy for citizens of many countries and the normal visa approval period was three to five days (visas which were valid for 30 days). However, the list of countries whose citizens are entitled to Vietnam’s visa waiver policy has been shortened and the visa processing period has been lengthened, putting enterprises at a disadvantage. Cao Tri Dung, chairman of the Da Nang Tourism Association, said that after the COVID-19 pandemic, the number of … [Read more...] about Strict visa policies hinder international guests from visiting Vietnam