Viet nam news

  Illustration by Trịnh Lập   By Nguyễn Mỹ Hà   The dreams of millions of Vietnamese people came true on Tuesday night. They had been dreaming for 30 years, or was it 60 as some said? Now it doesn’t matter, as the dreams are reality. The Việt Nam men’s U22 football team won a gold medal at the 30th Southeast Asian Games in the Philippines by defeating Indonesia 3-0 in the final. A popular saying goes ‘phúc bất trùng lai’, which means happiness does not repeat itself, but the men’s victory came just days after the women’s team won their own gold medal at the Games. Double happiness, truly, because despite the fact the women’s football team had won for the sixth time, it was the men’s first triumph. “Though this is the sixth time,” said women’s coach Mai Đức Chung, “I still feel very touched.” Sheer joy and happiness brightened … [Read more...] about Let the Vietnamese spirit soar

State President Tran Dai Quang and his spouse have left Ha Noi to start their State visit to Japan from May 29-June 2, 2018. State President Tran Dai Quang and his spouse have left Ha Noi to start their State visit to Japan from May 29-June 2, 2018 - Photo: VNA In 2018, Viet Nam and Japan are celebrating the 45th anniversary of their diplomatic ties. The two nations’ high-ranking leaders have organized visits and exchanges at international and regional forums, launching crucial cooperative mechanisms and enhancing close coordination at multi-lateral forums such as the UN, ASEAN, APEC and ASEM. Japan is one of Viet Nam’s key economic partners. In 2017, the countries' two-way trade value reached US$33.4 billion, up 16.8% against the previous year. Japan has taken the lead among nations and territories investing in Viet Nam with US$9.11 billion. As of March 2018, Japan has poured US$49.839 billion in 3,693 valid FDI projects in Viet Nam, ranking second. Japan is … [Read more...] about State President starts State visit to Japan

Property Apartment supplies to drop by 25% The Saigon Times Daily Saturday,  Dec 14, 2019,14:55 (GMT+7) Apartment supplies to drop by 25%The Saigon Times Daily A new residential area in HCMC’s District 2. Apartment supplies in HCMC and Hanoi are estimated to fall this year - PHOTO: VNA HCMC – The number of apartments eligible for sale in HCMC and Hanoi is estimated to fall 25% this year, reaching 43,000 units, according to a report by property platform batdongsan.com.vn. At the Vietnam Real Estate Summit 2019 (VRES 2019), held on December 12, Nguyen Quoc Anh, deputy general director of Batdongsan.com.vn, said the property market will face multiple challenges next year due to tighter control being applied to new projects and the increase in risk coeficient for real estate loans. The demand for real estate products remains high, but the market has witnessed a decline since the previous quarter, Anh added. In … [Read more...] about Apartment supplies to drop by 25%

The benefits brought by EVFTA, CPTPP and other free trade agreements are described as ‘tonics’ and ‘supplements’ for Vietnam. However, experts have warned that if Vietnam cannot use the tonics properly, they will do more harm than good. The benefits brought by EVFTA, CPTPP and other free trade agreements are described as ‘tonics’ and ‘supplements’ for Vietnam. EVFTA seems to offer more favorable conditions than CPTPP in terms of origin rule. But in fact, enterprises won’t get benefits immediately. Vietnam has to import fabric and other input materials, mostly from China, Taiwan and ASEAN countries, which still don’t have FTAs with the EU,” he said. Mai Lan EVFTA boosts bilateral trade between Vietnam and EU member states The EU-Vietnam Free Trade Agreement has been inked, and is expected to usher in immense opportunities for Vietnam to expand its trade and investment ties with EU member states.   … [Read more...] about Experts issue warning about the EVFTA

The Ministry of Industry and Trade (MoIT) is drafting a circular providing guidance for the application of safeguard measures for textile and apparel products under the CPTPP. Workers iron clothes at Garment 10 Corporation. The MoIT is drafting a circular on safeguard measures for textile and apparel products under CPTPP. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is the first “new-generation” free trade agreement (FTA) that Viet Nam has signed. It officially took effect on January 14 this year. With 11 member countries and high tariff reduction commitments, the use of legal tools to protect the domestic industry is likely to occur. Therefore, the ministry said it was essential to issue guidelines for measures to safeguard against the risk of increasing imports. They include transitional and emergency action measures. The transition period for Viet Nam’s textile and apparel products is up to five years. During this period, … [Read more...] about Vietnam considers safeguard measures for apparel sector under CPTPP