Us businesses invest in vietnam

Vangelis Vitalis - New Zealand’s Deputy Secretary of Foreign Affairs and Trade What was achieved at the eighth meeting of the Vietnam-New Zealand Economic and Trade Committee? Vietnamese Deputy Minister of Industry and Trade Phan Thi Thang and I focused on practical things that will benefit our businesses, and also benefit New Zealanders and Vietnamese on both sides, because of the way in which we can support trade flows. We discussed some of the customs procedures on both sides that would make it easier for our companies to export to one another. We also discussed the need to have electronic certification and to set up a process by which we could audit each other’s horticulture sectors, which our two leaders say are essential. For example, when they agreed on the export of Vietnamese limes and pomelo to New Zealand, we were able to send squash and strawberries to Vietnam. Besides that, we agreed to increase work together to find ways to facilitate more of this kind of … [Read more...] about New Zealand and Vietnam offering trade solutions

The Vietnamese booths display products of big brands like Masan, Vinamilk and Huu Nghi. (Photo: VNA) Hanoi (VNA) – More than 30 Vietnamese businesses are showcasing their products at a food exhibition in the Republic of Korea (RoK), which opened on May 30. As the largest food exhibition in the East Asian nation, Seoul Food 2023 gathers 1,500 companies from 30 countries with up to 2,500 booths. The four-day event offers an opportunity for the food and beverage industry of the RoK and other participating countries to seek cooperation opportunities . The Vietnamese booth displays products of big brands like Masan, Vinamilk and Huu Nghi, attracting crowds of Korean importers, distributors and consumers. Pham Hong Son, Deputy General Director of Masan Consumer Corporation, said Vietnamese cuisine has been favoured in the RoK, noting that the increasing number of businesses investing in products for the market has demonstrated the firm foothold of Vietnam’s big brands … [Read more...] about Vietnamese firms participate in biggest food exhibition in RoK

Speaking at a May 19 conference on plans to develop one million social houses for lower-income people and workers by 2030, Minister of Construction Le Thanh Nghi said that the ministry would coordinate with authorities to ensure it achieved its social housing targets. The ministry (MoC) has completed the draft amended Law on Housing, which has been approved by the government and submitted to the National Assembly for approval. It is hoped that the amended law will draw policies for social housing development and take effect from 2024, including planning and reserving land for social housing development, selection of project investors, and procedures for implementation. As of Q1 2023, Vietnam has completed just over 300 social housing projects in urban areas and worker housing projects in industrial zones (IZs), with nearly 156,000 units in total. About 400 projects are still planned to be built, with a total scale of 454,000 apartments. However, demand has not been fully met. … [Read more...] about Investors wanted for social housing efforts

Buon Ma Thuot Airport in Dak Lak province is a major airport in the Central Highlands. (Photo: baogiaothong.vn) Hanoi (VNA) – The Ministry of Transport (MoT) has requested more investment be prioritised for air and rail transport to the Central Highlands to ease pressure on road transport. This is part of the MoT’s recently built plan on developing modern, comprehensive, and cost-effective transportation that also guarantees defense and security for the Central Highlands by 2030, with a vision to 2045. The Central Highlands is comprised of the provinces of Kon Tum, Gia Lai, Dak Lak, Dak Nong, and Lam Dong. Under this plan, authorities will modernise goods handling technology at transport centres, apply advanced transport technology, comprehensively develop transport supporting services and multi-modal transport, and improve logistics services. Enterprises will be encouraged to increase investment in container transport vehicles; the container handling capacity … [Read more...] about Air, rail transport to be prioritised in Central Highlands

The Department of Industry and Trade of Ho Chi Minh City has said it will join hands with cross-border e-commerce platforms to support local exporters in shipping products to the world on a larger scale and in a more professional way. This is among the solutions that the city will adopt this year to help Vietnamese enterprises overcome difficulties and foster industrial production, trade, and green export. Enhancing business via online and digital channels will help exporting enterprises reduce costs and access customers faster, said Nguyen Nguyen Phuong, deputy director of the municipal Department of Industry and Trade. The department has worked with many e-commerce platforms and service providers to come up with support solutions, Phuong noted. Enterprises also need to take the initiative in cooperating with partners to better meet the requirements in importing markets. Huynh Kim Tuoc, co-chairman of the Digital Economy and Technology Committee under the American … [Read more...] about Ho Chi Minh City to boost online exports

Ho Chi Minh City’s economic growth will be more positive this quarter with the gross regional domestic product (GRDP) growth estimated at 5.87 percent, well above the modest 0.7 percent last quarter, chairman of the municipal People’s Committee Phan Van Mai said during a group discussion on Tuesday at the ongoing National Assembly (NA) sitting. With this result, the city may achieve an economic growth rate of 3.55 percent in the first half of the year, chairman Mai cited statistics from the General Statistics Office as saying at a group discussion on a draft resolution on piloting breakthrough policies for Ho Chi Minh City. The city’s industry and construction sector was forecast to improve 4.77 percent this quarter and 0.8 percent in the first half of the year as a whole. The sector fell 3.6 percent last quarter. Meanwhile, the service sector was expected to surge 7.16 and 4.96 percent this quarter and the first half, respectively. “This results from great efforts of the … [Read more...] about Ho Chi Minh City’s economic growth projected at 5.87 percent in Q2

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 Pham Minh 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 contribution 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 success, contributing to improving the role and position of Cambodia in the region and the world as well as to building an ASEAN community of peace, stability, solidarity, and prosperity. He expressed his wish that the two countries will step up their bilateral ties, especially in trade, investment, tourism, human … [Read more...] about Vietnam gives top priority to ties with Cambodia: Prime Minister

Now that technology is booming, what are the challenges and growth opportunities facing the gaming industry in general and VNG in particular? VNG has been in the gaming industry for 19 years, and has witnessed many changes over that time. Giap Le Trong, head of the Game Publishing Platform at VNG Corporation In my opinion, the greatest challenge for the industry is how to understand the gaming culture of Vietnamese people as it has changed many times. Previously, it focused on products like PC games, but now it's all about mobile devices. The current development of mobile games makes user behaviour much more different compared to before. In the wake of this, VNG has been active in terms of technology transformation to meet our changing goals. In our vision, we aim to focus on bringing tech products to the world's playground, in which games form the spearhead. How will VNG overcome the obstacles and maintain its position as the leader in the local game … [Read more...] about VNG embraces technology to lead the gaming industry

How do you assess the potential of the supporting industry in Vietnam? Jun-Ho Lee, deputy director of the Vietnam-Korea Technology Consulting and Solution Centre (VITASK) Vietnam’s supporting industry sector has a large room for growth because the Vietnamese electronics industry has a fairly large position as one of the top 15 largest electronics exporting countries in the world. Besides that, this sector leads in the total import and export turnover of all industries in Vietnam. A report from the Department of Industry under the Ministry of Industry and Trade (MoIT) shows that in 2022, the electronics industry had an export turnover of $114.4 billion, an increase of about 6 per cent on-year, and accounting for over 30 per cent of the total export turnover of the whole country. Among the six groups of goods with export turnover of over $10 billion in Vietnam, there are also computers, mobile phones, electronics, and components. The export market of Vietnam’s … [Read more...] about Enhancing competition capacity of nation’s supporting industries

Hanoi (VNA) - The following is a list of selected news summaries last night by the Vietnam News Agency. - The 15th National Assembly's fifth session continued its ninth working day in Hanoi on May 31, under the chair of NA Chairman Vuong Dinh Hue. Moderated by NA Vice Chairman Nguyen Duc Hai, the NA convened a plenary session to discuss the supplementary assessment of the implementation of the socio-economic development plan and State budget for 2022, as well as the performance in the early months of 2023. Read full story - Deputy Prime Minister Tran Hong Ha welcomed Dutch firms and partners to join in the pilot scheme for rooftop solar installation in Vietnam during a reception in Hanoi on May 31 for Dutch Ambassador to Vietnam Kees van Baar. Deputy PM Ha said Vietnam and the Netherlands are strategic partners in climate change adaptation, water management, sustainable agriculture and food security. Read full story VUFO President Ambassador Nguyen Phuong Nga receives … [Read more...] about ☀️ Morning digest June 1