Vietnam australia relationship

Accelerated government spending is expected to boost demand in the remaining months of the year. ADB’s Principal Country Economist Nguyen Ba Hung shared his thoughts on Vietnam’s economic performance and its prospects for 2023 with The Hanoi Times. ADB’s Principal Country Economist Nguyen Ba Hung. What is the primary obstacle confronting Vietnam's economy for the remainder of the year? In the first half of 2023, Vietnam experienced a slowdown in GDP growth, with growth projected at only 3.7% compared to the positive momentum seen last year, when GDP grew 6.5% in the first half and 9.5% in the second half, resulting in an annual growth rate of 8% for the whole of 2022. One factor contributing to GDP growth in recent years has been public investment's sustained and steady growth. However, significant internal challenges have emerged during the Covid-19 pandemic. Vietnam's economy heavily relies on exports and foreign direct investment (FDI) … [Read more...] about Public investment as catalyst for Vietnam’s economic recovery in 2023: ADB

With the presence of leading renewable energy developers in Vietnam, Denmark has contributed international resources to the country’s net-zero journey. Denmark in Your Eyes – an annual painting competition launched in Vietnam in 2016 – is an activity demonstrating Vietnam-Denmark cooperation in green growth in recent years. Ambassador of Denmark to Vietnam Nicolai Prytz speaks at the launch of Denmark in Your Eyes competition 2023. Photo: Danish Embassy in Hanoi The competition has “added a lot of value to strengthening our two countries’ long-term cooperation on promoting green and sustainable development,” said Ambassador of Denmark to Vietnam Nicolai Prytz. With more than 18,000 paintings submitted in the last competition, it shows the great popularity of the event among schoolchildren all over Vietnam. For that reason, “it is an amazing playground for Vietnamese children, not only to express wishes about their future but more importantly to come up … [Read more...] about Green Future promotes Vietnam-Denmark cooperation for sustainable growth

How can the logistics industry adopt global best practices offered by SLP? SLP is part of GLP, a global entity engaged in the creation, ownership, development, and operation of logistics real estate, spanning 17 countries across the globe. We emphasise the continuous pursuit of learning and investment to foster growth and enhance the efficiency of the logistics industry. Edwin Chee, COO of SLP Vietnam SLP excels in providing modern pre-built logistics facilities strategically positioned at key hubs. These state-of-the-art facilities, designed to meet the specific demands of various industry from manufacturing to retail and e-commerce enterprises, adhere to high standards and offer adaptable layouts that can expand as needed, optimising supply chain efficiency and seamless goods circulation. Furthermore, SLP’s commitment to custom-tailored solutions ensures that each tenant’s unique operational needs are met through facilities custom-designed and constructed to … [Read more...] about Applying global practices to Vietnam

SYDNEY -- A bushfire in Australia's Victoria state more than trebled overnight and authorities urged residents in a remote part of Tasmania state to evacuate as a spring heatwave fanned fires across the country's southeast. Around 17,000 hectares (66 square miles) were ablaze on Tuesday in the eastern part of Victoria state's Gippsland region after high winds spread fires overnight, according to state fire authorities, who had deployed some 650 firefighters. "We moved in strike teams in the very early hours of this morning," said Jason Heffernan, chief officer at Country Fire Authority Victoria. "It is quite a large fire spread across a large area. ... It's proving to be quite difficult, burning in private property but also some pine plantations." New South Wales Rural Fire Service firefighters walk through a hazard reduction burn in Sydney, Australia, September 10, 2023. Photo: Reuters Across the Bass Strait in Tasmania state, residents on the northern edge of … [Read more...] about Bushfires in parts of southeast Australia amid spring heatwave

Chairman Tran Dinh Quyen with Acuity Funding president Ranjit Thambyrajah at September 25’s signing event On September 25, Australian Acuity Funding committed to invest $6.4 billion for Tin Thanh Group (TTG) to implement green projects. Accordingly, circa $1 billion will be used to develop four biomass power plants and thousands of hectares of sorghum cultivation in central and south of Vietnam. Around $1.7 billion will be set aside to build a tyre retread, tyre recycling and truck service plant in South Carolina over one million trucks in the United States with the goal of reducing emissions, saving costs, and transitioning to green energy. TTG has been granted land and support from the state of South Carolina with huge incentives over $500 million. The remaining $3.7 billion in funding will go towards building a green hydrogen manufacturing facility in the same state. According to chairman and CEO of TTG Tran Dinh Quyen, the company’s strategy is to become a … [Read more...] about TTG steps up green energy and emission cut ambitions

Tra fish processing for export (Photo: VNA) HCM City (VNA) – The export value of aquatic products is estimated at 862 million USD in September, equal to that in the same period last year, and 16 million USD higher than that of August, according to the Vietnam Association of Seafood Exporters and Producers ( VASEP ). In the January-September period, the revenue reached 6.6 billion USD, down 22% year-on-year. VASEP's Communications Director Le Hang said that in September, some key exports like shrimp and tuna have seen good recovery to the levels of the same month last year. Notably, tra fish exports recorded a year-on-year growth rate of 9%. Hang said that in the first nine months of this year, shrimp exports fetched 2.55 billion USD, 25% lower than that of the same period of 2022. However, in recent months, exports to the two key markets of the US and China have increased, and some main markets in the Comprehensive and Progressive Agreement for Trans-Pacific … [Read more...] about Aquatic product exports see slight increase in September

Many brands in Vietnam invest to develop commercial conversation to better serve their customers. (Photo: Infobip) HCM City (VNS/VNA) - Brands in Vietnam and the Asia Pacific region are strongly investing in commercial conversation to improve the customer experience, experts said. About 77.9 million Vietnamese residents use the Internet out of a total population of 98.5 million as of January 2023, which contributes to the popularity of social networking platforms. Therefore, the potential for conversational commerce in Vietnam is incredibly wide. Telecommunications service providers in the country have used conversational commerce platforms for account notifications and to offer hyper-personalised promotions and discounts to customers. In addition to Facebook and Instagram, Vietnamese are very active in using communication apps such as Zalo and Viber. Furthermore, e-commerce is one of the fastest-growing business segments in the country. Many online retailers in Vietnam … [Read more...] about Customer experience, business expansion driving conversational AI investment

Vietnamese Ambassador to Germany Vu Quang Minh (fourth from right) presents flowers at the event (Photo: VNA) Berlin (VNA) – Nearly 140 women representing Vietnamese women’s groups in 16 states of Germany attended a founding congress of the Vietnamese Women 's Union in Germany on October 1. Addressing the event, Vietnamese Ambassador to Germany Vu Quang Minh praised the efforts of the representatives and the preparatory committee in holding the congress. According to the ambassador, the establishment of the union will affirm the role of the Vietnamese community in Germany in particular and in Europe in general. Speaking to the Vietnam News Agency 's reporters, Mui said that joining the Vietnam Women's Union in Germany offers an opportunity for members to connect and support each other, create deep relationships, discuss important issues together as well as share knowledge and propose creative solutions. The union will also be a forum to honour talented and … [Read more...] about Vietnamese women’s union established in Germany