A Khmer pagoda decorated to celebrate the Chol Chnam Thmay festival (Source: baochinhphu.vn) Hanoi (VNA) – Prime Minister Pham Minh Chinh has sent a letter offering greetings to Khmer ethnic people on the occasion of their traditional Chol Chnam Thmay festival 2023. Highlighting the special importance of the New Year festival Chol Chnam Thmay, PM Chinh attributed Vietnam’s significant achievements last year partly to support and joint efforts by the people, including substantial contributions by the Khmer community. He said ethnic minority affairs and the implementation of policies on ethnic groups have improved considerably, with a focus on accelerating the three national target programmes, especially the one on socio-economic development in ethnic minority and mountainous areas and the action plan for implementing the strategy for ethnic minority affairs in the 2021 - 2030 period, with a vision to 2045. As a result, the socio-economic situation in ethnic minority and … [Read more...] about PM extends greetings to Khmer people on Chol Chnam Thmay festival
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N.A. Law Committee holds 13th plenary session
According to a report delivered at the session, the Government proposed adding the Law amending and supplementing a number of articles of the Law on People's Public Security to the fifth N.A. session’s working agenda for the legislature’s consideration and approval. Five draft laws, namely the draft Law on Citizen Identification (amended), the draft Law on Credit Institutions (amended), the draft Law on Roads, the draft Law on Road Traffic Order and Safety, and the draft Law on forces participating in security and border protection at the grassroots level, will be put on the table during this session, scheduled to take place in May. These draft laws will be submitted to the National Assembly for approval in the sixth plenary session, which will be held later this year. During this session, the legislature will also give comments on the draft Law on Defense Industry, Security and Industrial Mobilization; the draft Law amending and supplementing a number of articles of the Law on … [Read more...] about N.A. Law Committee holds 13th plenary session
Vietnam expected to export 7 million tons of rice this year: Ministry
Vietnam now sees a sharp increase in rice orders from the Philippines and China. Acccording to Pham Thai Binh, General Director of Trung An Hi-tech Agriculture Joint Stock Company in the Mekong Delta city of Can Tho, the company has signed an order to export 2,000 tonnes of rice to China and is under negotiation for another batch of 20,000 tons. Statistics from the General Administration of Vietnam Customs show that in the first two months of this year, China imported 152,640 tons of rice from Vietnam worth 90 million USD, a year-on-year increase of 86% in volume and 120% in value. Vietnamese rice exported to China enjoyed an average price of 589.7 USD per ton, 18.3% higher than that of the same period last year. Chinese customers mainly imported Vietnam’s high-quality rice like fragrant rice and sticky rice with high prices. Meanwhile, the Philippines is anticipated to import about 2.8 million tons of rice from Vietnam during the 2022-2023 crop because the country’s rice … [Read more...] about Vietnam expected to export 7 million tons of rice this year: Ministry
Vietnam a potential market for shoppertainment: report
Illustrative image (Source: baodautu.vn) Hanoi (VNA) – Vietnam is one of the most potential markets in the Asia-Pacific region for shoppertainment - a trend that combines online shopping with entertainment, according to a report named “Shoppertainment: APAC’s Trillion-Dollar Opportunity” by the US-based Boston Consulting Group ( BCG ) and TikTok. The report shows that the shoppertainment opportunity in the region is projected to expand to a market value of over 1 trillion USD by 2025, doubling from the 500 billion USD value last year. Indonesia, Japan, and the Republic of Korea will contribute 67% of gross market value (GMV) in shoppertainment by 2025, reflecting their large and established e-commerce bases. Meanwhile, Indonesia, Vietnam, and Thailand add to the mix of some of the region’s most exciting growth markets, and, alongside Australia, will contribute to a remarkable 63% compound annual growth rate (CAGR) over the next three years, quadrupling the market … [Read more...] about Vietnam a potential market for shoppertainment: report
Vietnamese steel industry calling for wider investment from overseas entities
Vietnamese steel industry calling for wider investment from overseas entities, photo Le Toan Posco Yamato Vina Steel JSC, a joint venture between South Korea’s Pohang Iron and Steel Company and Japan’s Yamato Holdings, is contemplating constructing a second facility in Vietnam. Lee Youngwoo, general manager of Posco Yamato Vina, wants to “establish a robust sales network” across Vietnam while enhancing scrap supply security. In 2020, Posco Yamato Vina was the first to manufacture wide H-shaped steel in Vietnam. According to Lee, the business built a representative office in Haiphong last year in order to “create additional prospects for collaboration” with clients. In the southern province of Ba Ria-Vung Tau, Posco Yamato Vina operates a steel mill with a capacity of one million metric tonnes per year and produces section steel with a capacity of 500,000 tonnes per year. Following a lack of foreign investment in steel manufacturing in recent years, many observers see Posco … [Read more...] about Vietnamese steel industry calling for wider investment from overseas entities
ASEAN+3 intensifies finance collaboration
Illustrative Image (Photo: VNA) Jakarta (VNA) – The ASEAN 3 Finance and Central Bank Deputies Meeting (AFCDM 3) took place in Indonesia from March 29-30 to discuss the regional macroeconomic situation and the progress of implementing financial cooperation initiatives. Representatives of the Ministry of Finance and the State Bank of Vietnam attended the event. Under the co-chair of Indonesia and Japan, deputy ministers of finance and deputy governors of ASEAN 3 central banks discussed the regional macro economic situation and the pace of the implementation of the financial cooperation initiatives. Regarding regional macroeconomics, the ASEAN 3 Macroeconomic Research Office (AMRO) assessed that economic growth in the ASEAN 3 region in 2022 recorded a recovery after the COVID-19 period, mainly from increased domestic demand. Regional growth is estimated at 3.2%, of which China, Japan and the Republic of Korea (RoK) achieved 2.6% and ASEAN member states at 5.6%. In 2023, the … [Read more...] about ASEAN+3 intensifies finance collaboration
ASEAN looks towards net zero emissions
Illustrative image (Source: VNA) Jakarta (VNA) – The Asian Development Bank (ADB) and ASEAN Catalytic Green Finance Facility jointly held the Southeast Asia Development Symposium themed “ Imagining a net-zero ASEAN ” in Indonesia’s Bali on March 30. In his opening remarks, ADB President Masatsugu Asakawa pointed out that climate change remains the most urgent issue facing Southeast Asia, and suggested countries in the region cooperate with each other to put forth innovative solutions in order to accelerate the regional transition to carbon neutrality, and ensure strong, sustainable, inclusive economic growth. He also spoke of the bank’s goals of elevating its ambition 100 billion USD in cumulative climate finance by 2030, and rolling out “game-changing” platforms to scale up the climate finance . Indonesian Finance Minister Sri Mulyani Indrawati said ASEAN - which relies heavily on fossil fuels for economic and industrial development - should address the need for … [Read more...] about ASEAN looks towards net zero emissions
ASEAN leader vows to support efforts against regional haze pollution
Bangkok (VNA) – Secretary-General of the Association of Southeast Asian Nations (ASEAN) Kao Kim Hourn has pledged to support efforts to combat transboundary haze pollution in the region. Hazardous haze affecting several ASEAN member countries was one of the issues discussed by the ASEAN leader and Thai Prime Minister Prayut Chan-o-cha during their meeting in Bangkok on March 30 as part of the former’s ongoing visit to Thailand from March 29 to April 1. The Thai PM underlined that transboundary haze crisis has posed a serious regional challenge that needs an urgent solution The problem has caused a health hazard and disruption to tourism not only in Thailand but also in neighbouring countries, he said, asking for the ASEAN leader’s coordinate efforts to tackle the problem and hold an urgent meeting with member countries to discuss a solution, particularly measures to reduce hotspots in the region. ASEAN Secretary-General Kao Kim Hourn agreed that the issue needs to be … [Read more...] about ASEAN leader vows to support efforts against regional haze pollution
Vietnamese, Chinese localities eye stronger border trade
Participants at the talks (Photo: VNA) Lang Son (VNA) – Secretary of the Party Committee of Lang Son province Nguyen Quoc Doan held talks with Liu Ning, Secretary of the Party Committee of China's Guangxi Zhuang Autonomous Region, in Lang Son city on March 30, during which they discussed measures to further expand border trade cooperation. The two sides positively evaluated the close high-level relationship between the two Parties and States, as well as between Lang Son and Guangxi, which has been increasingly strengthened and nurtured. They also discussed measures to promote the potential and strengths, and step up cross-border trade. Liu said he hopes the two countries will continue to strengthen strategic development and connection and deepen practical cooperation in various fields, thus strongly promoting the partnership and comprehensive strategic cooperation in the new era. The Chinese official said Guangxi is currently implementing measures to promote the … [Read more...] about Vietnamese, Chinese localities eye stronger border trade
UK defense minister visits Vietnam, bolsters bilateral defense partnership
UK Minister of State for Defense Baroness Goldie visited Vietnam on Wednesday and Thursday to continue efforts to strengthen the two countries’ bilateral defense partnership. During the visit, Goldie met with Senior Lieutenant General Hoang Xuan Chien, Vietnam’s Deputy Minister of National Defense, and co-chaired the UK and Vietnam’s Fourth Defense Policy Dialogue – an annual bilateral meeting between the two nations which focuses on the future of joint defense cooperation. The minister also visited the Vietnam Department for Peacekeeping Operations as the UK reaffirms its support for Vietnam in developing as a UN Troop Contributing Nation. The UK has already supported Vietnam’s deployments, including to South Sudan and Abyei, by training medical and engineering personnel. She also shared that the UK is eager to assist with future initiatives. UK Minister of State for Defense Baroness Goldie visits the Vietnam Department for Peacekeeping Operations in Hanoi in a … [Read more...] about UK defense minister visits Vietnam, bolsters bilateral defense partnership