Vice president business development

A farmer harvests coffee cherries in Kon Tum province. (Photo: VNA) Hanoi (VNS/VNA) - Vietnamese coffee industry has made steady headway in the international competitiveness rankings with a processing capacity of 2.36 million tonnes per year, according to Deputy Minister of Agriculture and Rural Development Phung Duc Tien. Tien was speaking at the international conference on coffee on December 11. The Deputy Minister said Vietnam had 710,000ha of coffee with a yield of 2.7 tonnes per hectare in 2021, three times higher than the average global yield. Between 2021 and 2022, the country produced 1.7 million tonnes and exported 3.9 billion USD worth of coffee, up 31.3% year-by-year. "With farmers of great industry and firms of great adaptability, Vietnam has moved up to the top of the world's largest robusta coffee producers," said Tien. Amid the unfavourable global conditions, he urged the Vietnam Coffee Cocoa Association (Vicofa) to push ahead with sustainable … [Read more...] about Sustainable development key to success of Vietnamese coffee

2023 is predicted to be a tough year due to various factors like inflation, high interest rates and the Ukraine-Russia conflict. But companies in Viet Nam say they have various strategies in place to overcome the challenges. Viet Nam News reporter Thu Ngan asks senior executives at a number of companies about the strategies and where they think the Vietnamese economy and their own sectors are headed. Trang Bui, General Manager Cushman & Wakefield Vietnam Trang Bui, General Manager Cushman & Wakefield Vietnam The mild recession in the last quarter of 2022 will continue into the first quarter of 2023. Viet Nam has gone through four real estate cycles, and Cushman & Wakefield anticipates that the real estate industry will go through the current economic downturn more quickly than in previous crises, allowing for recovery in the real estate market in the second half of 2023. In the process of working with domestic and foreign investors, we have noticed there is still … [Read more...] about Company bosses share outlook on economy in 2023

What do you think about the potential of the hotel and resort market in Southeast Asia, and Vietnam in particular? Norbert Vas, vice president of Business Development at Archipelago International Most Southeast Asian markets are already recovering fast. For example, aggregated trading volumes covering our 156 hotels in Indonesia showed that December was a record month, exceeding pre-pandemic numbers. Vietnam, I am afraid to say, will take longer. City hotels in strategic locations are already doing well. Still, resorts will struggle for much longer, given that we depend too much on just a handful of source markets, especially Russia and China. High-end business hotels in downtown Ho Chi Minh City and Hanoi are already doing very well. They have international business travellers as their main clientele, benefiting from pent-up demand. Business travellers who are keen to do business in Vietnam have long been forced to delay their trips, and they are now catching up all … [Read more...] about Ensuring tourism gets back on course

Vietnamese values help me overcome difficulties Ms. Aurélia Nguyen, Chief Program Strategy Officer at the Global Alliance for Vaccines and Immunization (GAVI) and former Managing Director of COVAX Facility, is one of the overseas Vietnamese delegates returning to Vietnam to attend the Homeland Spring Program 2023. She is also one of the nine typical overseas Vietnamese to receive the Vietnam Fatherland Front Central Committee’s Certificate of Merit for her contribution to the overseas Vietnamese affairs and building and strengthening of the great national unity. Ms. Aurélia Nguyen is a second generation Vietnamese, who was "brought up with very strong family values" and aware of the importance of caring for each other. “My father was born and raised in Ho Chi Minh City, then went to study in France. I have so many things to thank my father and ancestors who gave me my Vietnamese heritage. My father taught me the value of hard-working spirit, worldview, faith, and solidarity … [Read more...] about Overseas Vietnamese’s sentiment for homeland

On the websites of the Ministry of Industry and Trade (MoIT) and its affiliates, there are an increasing number of articles analysing the high power costs of several nations in the region and around the globe. The majority of information connects to the MoIT’s consideration of a proposal to raise the average retail price of energy as a means to assist EVN in rebalancing its finances after a $1.34 billion loss in 2022. There is a possibility of financial imbalance due to failure to change energy rates in a timely manner. Photo: Le Toan In December, EVN proposed to the MoIT that the selling price of electricity be raised in order to alleviate hardships and ensure financial balance in 2023 and subsequent years due to high fuel costs. EVN said that it is awaiting “a decision from the appropriate authorities”. EVN estimates that the average retail price of energy in 2022 was 8.2 US cents per kWh (excluding the exchange rate difference of the remaining power purchase … [Read more...] about Power price hike on the cards in Vietnam

According to an estimate by the National Innovation Centre under the Ministry of Planning and Investment, digital technology may bring Vietnam more than $74 billion by 2030, which is comparable to 27 per cent of Vietnam’s GDP in 2020. In Vietnam, the passage of this development might paradoxically result in the loss of a substantial number of current jobs. Conundrum ahead with robotics rise, source: shutterstock Hoang Nam Tien, chairman of FPT Telecom, predicted that approximately 70 per cent of the total 5.4 million Vietnamese workers will lose their jobs within the next decade. This includes 2.7 million textile workers, 1.7 million leather and footwear labourers, and nearly one million electronic assembly staff. Tien said, “Humans cannot compete with robots in terms of labour output and work hours. A series of robots have been imported into Vietnam in recent times. Before 2020, many manufacturers were still unsure about deploying them.” The recent pandemic has … [Read more...] about Conundrum ahead with robotics rise

The growth momentum in 2022 has created the space and conditions for effective monetary and fiscal maneuvering in 2023. Vietnam's economy has performed well in the context of an unfavorable global outlook as strong recovery is seen in the majority of economic fields and localities. In 2023, the prospects are set to stay bright thanks to the implementation of the Socio-Economic Recovery Program 2022 - 2023. Vice President of National Economics University Hoang Van Cuong. Advantages and challenges are intertwined In 2022, Vietnam’s economy has met and exceeded many socio-economic targets. The country’s GDP growth is estimated at 8% year on year, while inflation is kept below the 4% threshold. Other positive results include export growth of 12%, consumer spending of 10%, and investment capital of 9%. These achievements took place when the world situation remained volatile with unprecedented risks, including the disruption of the supply chain, the … [Read more...] about Vietnam’s economic prospects stay bright despite dim global outlook

2022 was the second year of the Resolution of the 13th Party Congress on implementing the foreign policy of independence, self-reliance, peace, friendship, cooperation and development. Multilateralism and diversification of foreign relations combining national strength with the strength of the era has helped Vietnam integrate into the global milieu. Vietnam has become a reliable partner and a responsible member of the international community. The objective of foreign policy is to ensure the highest interests of the nation on the basis of basic principles of the United Nations Charter and international law, equality, cooperation and mutual benefits. President of the U.N. General Assembly Abdulla Shahid emphasised that Vietnam is a model of the U.N., which makes significant contributions to consolidating multilateralism and participation in U.N. affairs. Vietnam's external activities leave good impression After a two-year hiatus due to the COVID-19 pandemic, Vietnam's bilateral … [Read more...] about External affairs affirm Vietnam’s rising position, prestige in global arena

Japanese groups to pour hundreds of millions into projects in Quang Ninh Notably, the Tenma group from Japan has plans to invest $150 million in a factory to produce plastic injection moulds in the province. Hirohiko Hirono, CEO of Tenma, explained that the factory is planned to cover an area of 18 hectares in Song Khoai Industrial Park (IP). Within the framework of the meeting with leaders of Quang Ninh People’s Committee, Hitoshi Kimura, managing director of Castem Co., shared the plan to develop a $14 million metal casting factory which will cover an area of two hectares. Acting Chairman of Quang Ninh People’s Committee Cao Huy Tuong said that the province will create the most favourable conditions possible for investors, including land clearance, investment procedures, and other incentives. Earlier on January 13, Yaskawa Electric Group from Japan worked with Huy to present a feasibility report on a $100 million investment to build an automatic machine tool factory in … [Read more...] about Japanese groups to pour hundreds of millions into projects in Quang Ninh

Speaker of the National Assembly of the Republic of Korea Kim Jin-pyo (left, first row) and Prime Minister Pham Minh Chinh (right, first row). (Photo: VNA) Hanoi (VNA) - Speaker of the National Assembly (NA) of the Republic of Korea (RoK) Kim Jin-pyo and his wife left Hanoi on January 18, concluding their seven-day official visit to Vietnam at the invitation of NA Chairman Vuong Dinh Hue. While in Vietnam, the RoK leader paid tribute to late President Ho Chi Minh at his mausoleum; paid a courtesy call to Party General Secretary Nguyen Phu Trong; met with Prime Minister Pham Minh Chinh; and held talks with NA Chairman Vuong Dinh Hue. At these meetings, the Vietnamese leaders said the two countries share a long-standing relationship and many common interests, complementary potential and strengths, and sound growth achievements in the past three decades. There remain potential and large room for the bilateral relations to develop further in the near future, they stressed. … [Read more...] about Speaker of RoK National Assembly concludes official visit to Vietnam