Vice president product development

Illustrative image (Photo: baodautu.vn) Hanoi (VNA) – Vietnam is paying attention to mobilising resources to invest in developing green agriculture with an aim to raising the market share of its agricultural exports to the European Union. Last year, Vietnam’s export revenue of agro-fishery-forestry products set a record high of 53.22 billion USD, up 9.3% year-on-year. However, Europe accounted for only 11.3% of its market share. This is a modest number, although the agricultural sector has optimised many advantages of the EU- Vietnam Free Trade Agreement (EVFTA). One of the main reasons is said to be the union’s high requirements on farm imports, while Vietnam’s agricultural production has yet to meet green growth requirements. According to the World Bank’s report, agriculture is the second highest emitter, accounting for 19% of the nation’s total gas emissions in 2020. About 48% of the sector’s emissions and more than 75% of methane emissions are from rice … [Read more...] about Vietnam develops green agriculture to increase exports to EU

In Singapore (Photo source: AFP) Singapore - Singapore's manufacturing outlook may continue gloomy in the first quarter of 2023, after its manufacturing output shrank for a third consecutive month in December last year, said economists. According to data released by the Economic Development Board (EDB) of Singapore, the industrial production in last December fell 3.1 per cent compared to the same period of the previous year, making this the third consecutive month of decline. Excluding biomedical manufacturing, Singapore’s output increased by 0.3 per cent year-on-year. Output for the chemicals, precision engineering and general manufacturing clusters also declined on a year-on-year basis at 9.5 per cent, 4.1 per cent and 2.8 per cent respectively. The electronics sector was one of two clusters that saw output growth in December, after five consecutive months of decline. However, most economists believe that the electronics industry's recovery may be temporary. Selena … [Read more...] about Singapore’s production sector predicted to remain gloomy in Q1

Illustrative photo (Source: VNA) Hanoi (VNS/VNA) – Vietnam’s textile, garment and footwear sectors aim to achieve a total export value of 77-80 billion USD in 2025 and 106-108 billion USD in 2030, according to the strategy for the development of Vietnam’s textile and footwear industry. Under the development strategy approved by the Government, for the long term, the garment, textile, leather and footwear sectors are still key export industries of the economy. The sectors will continue to promote investment in the production of materials and auxiliary materials, as well as supporting industries. They will encourage the production of fabrics from domestically produced yarn to reduce imports, and form a complete supply and value chain in the region. For the leather and footwear industry, Nguyen Duc Thuan, Chairman of Lefaso, said domestic enterprises need to actively adapt to the requirements of the market and brands on sustainable development standards for products. They … [Read more...] about Garment, footwear exports aim to reach 80 bln USD by 2025

Solar panels installed on the rooftops of a seafood processing plant in the Mekong Delta. (Photo: VNA) Hanoi (VNS/VNA) - Vietnam must start monitoring and issuing carbon certificates to exporters and retailers in response to the EU's recently passed carbon levy , said industry insiders and policymakers. The EU’s Carbon Border Adjustment Mechanism (CBAM) by the European Parliament (EP), according to the EP, is to "put a fair price on the carbon emitted during the production of carbon-intensive goods that are entering the EU, and to encourage cleaner industrial production in non-EU countries." The bloc requires exporters to report their commodities' carbon footprints, on which a tax may be levied should carbon emissions during the production of said commodities exceed the EU's carbon regulations. Instead of buying the EU's carbon certificate , Vietnamese businesses could take steps to reduce their own carbon footprints during production, experts said. The … [Read more...] about Vietnam must step up carbon reduction to enter EU markets

Washington would be given access to four more locations under an Enhanced Defense Cooperation Agreement (EDCA) dating to 2014, statements from the defense ministries of both countries said. "The Philippine-U.S. alliance has stood the test of time and remains ironclad. We look forward to the opportunities these new sites will create to expand our cooperation together," the statements said. The United States had announced it was allocating more than $82 million toward infrastructure investments at the existing five sites under the EDCA. The EDCA allows U.S. access to Philippine military bases for joint training, pre-positioning of equipment and the building of facilities such as runways, fuel storage and military housing, but not a permanent presence. U.S. Defense Secretary Lloyd Austin was in Manila for talks as Washington seeks to extend its security options in the Philippines as part of efforts to deter any move by China against self-ruled Taiwan. The statements did not … [Read more...] about Philippines grants US greater access to bases amid China concerns

The information was revealed at a  ceremony in Hanoi on February 1 announcing the exchange of training program for Vietnamese athletes between the Vietnam Olympic Committee (VOC) and the International Sports Strategy Foundation (ISF), and signing a memorandum of understanding (MOU) between the VOC and Asong Invest Sponsorship Program for Vietnamese medalists at Olympics 2024. Dang Ha Viet, General Director of the General Sports Administration of Vietnam under the Ministry of Culture, Sports and Tourism, affirmed the ISF’s support will create a “golden” chance for Vietnam to elevate its rankings in the regional, continental and world arenas. Ser Miang NG, Vice President of the International Olympic Committee, expressed his belief that Vietnamese athletes are able to obtain high achievements at Olympic 2024. The cooperation agreement is expected to contribute to bringing Vietnam’s sports to new heights. Source: VNA … [Read more...] about Vietnamese athletes to receive 1 mln USD for Paris Olympic gold

UK Minister of State The Rt Hon Gregory Hands of the Department for International Trade arrived in Hanoi on February 1 to hold high level trade talks on how the UK joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will boost the economic firepower of the world’s most dynamic trade bloc. Minister Hands meets with Vice Minister of Industry and Trade, Tran Quoc Khanh. Upon his arrival in Hanoi, Minister Hands met with Vice Minister of Industry and Trade, Tran Quoc Khanh. With the next round of CPTPP negotiations upcoming, the UK Minister expressed. his country’s desire to finalisze accession at the earliest possible opportunity. The occasion also provided an opportunity to mark 50 years of UK-Vietnam diplomatic relations and discuss the thriving bilateral trade relationship which has increased by 12.4% over the last year and is valued at £5.9 billion. As a founding CPTPP member state, Vietnam marks the first leg of the UK … [Read more...] about “UK ready to boost CPTPP’s economic firepower”: UK Trade Minister

Prime Minister Pham Minh Chinh speaks at the meeting. (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh outlined main tasks to improve the material and spiritual life of labourers at a meeting on coordination between the Government and the Vietnam General Confederation of Labour (VGCL) in Hanoi on February 1. The ministries of planning and investment; industry and trade; foreign affairs; and labour, invalids and social affairs should coordinate with the VGCL in boosting production and business, expanding the market, creating more jobs for labourers, and improving their skills, the Government leader said. He asked the ministries of construction, natural resources and environment and finance to work together with the confederation in handling issues relating to housing for labourers. The VGCL should coordinate with the ministries of culture, sports and tourism; health; and education and training in building cultural, educational and health care establishments … [Read more...] about PM speaks of major tasks to raise labourers’ material, spiritual life

The ministries of planning and investment; industry and trade; foreign affairs; and labor, invalids and social affairs should coordinate with the VGCL in boosting production and business, expanding the market, creating more jobs for laborers, and improving their skills, the government leader said. He asked the ministries of construction, natural resources and environment and finance to work together with the confederation in handling issues relating to housing for laborers. The VGCL should coordinate with the ministries of culture, sports and tourism; health; and education and training in building cultural, educational and health care establishments in service of laborers, according to the Prime Minister. Specific coordination plans need to be sketched out within this month, he stressed, and mentioned tasks for ministries, agencies and localities regarding institutions for workers at industrial and processing zones, especially those on housing, incentives for fishermen, insurance … [Read more...] about Prime Minister speaks of major tasks to raise laborers’ material, spiritual life

Hanoi (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency. - Prime Minister Pham Minh Chinh outlined main tasks to improve the material and spiritual life of labourers at a meeting on coordination between the Government and the Vietnam General Confederation of Labour (VGCL) in Hanoi on February 1. The ministries of planning and investment; industry and trade; foreign affairs; and labour, invalids and social affairs should coordinate with the VGCL in boosting production and business, expanding the market, creating more jobs for labourers, and improving their skills, the Government leader said. Read full story - A book by General Secretary of the Communist Party of Vietnam (CPV) Nguyen Phu Trong regarding the fight against corruption and other negative phenomena will be released at a ceremony in Hanoi on February 2, according to the CPV Central Committee’s Commission for Internal Affairs. The debut is timed for the 93rd … [Read more...] about ☕ Afternoon briefing on February 1