Vietnam chamber of commerce

This is the third year the award has been held to honor excellent digital technology products that have a great impact and influence in bringing people and businesses' activities to the digital environment, contributing to promoting digital government, digital economy, and digital society in Vietnam. At the same time, the award will promote digital technology products made by Vietnamese enterprises to consumers. The ‘Make in Vietnam Digital Product’ award in 2022 includes four categories such as excellent digital products for digital government, excellent digital products for the digital economy, excellent digital products for digital society, and potential digital products. Entries should be sent to the award organizer from June 22 to the end of September 22. By Phuong Anh – Translated by Dan Thuy … [Read more...] about Ministry launches award ‘Make in Vietnam digital products’

At a working session with the delegation, Governor of Monagas Ernesto Luna committed that the state authorities will establish working groups to increase contact with the embassy in connecting Vietnamese and Venezuelan businesses and promoting specific cooperation and investment projects. For his part, Duyen lauded Monagas’s achievements in politics, economy, and culture and vowed to foster commercial ties between the two nations in general and between Vietnam and Monagas in particular based on their traditional solidarity and friendship. He highlighted his wish to expand Vietnam’s agricultural cooperation project to Monagas following its success in Guárico state. During the trip, the embassy held a workshop to promote the trade of key Vietnamese products with the participation of local leaders and about 40 officials and businessmen. After introducing Vietnam’s socio-economic development achievements after 35 years of Doi Moi (Renewal), Duyen said there are abundant … [Read more...] about Vietnam steps up cooperation with Venezuelan localities

The two countries have become leading important partners of each other, Minh said in a video that was sent to the Maekyung Global Forum held in Seoul on June 23 as part of activities to celebrate the 30th founding anniversary of the bilateral diplomatic ties. The event was organized by the Vietnam Chamber of Commerce and Industry (VCCI), the RoK’s Maekyung Media Group and the Korean Chamber of Commerce and Industry (KCCI). Despite the negative impacts of the COVID-19 pandemic, the Vietnam - RoK strategic cooperative partnership has continued to grow strongly, practically and effectively with a very solid and increasingly extensive cooperative foundation in all fields, Minh said, adding that the two countries are aiming to upgrade their relations to a comprehensive strategic partnership. There remains a lot of room and potential for cooperation between the two  nations, he said. The Deputy PM affirmed that the Vietnamese Government is committed to creating an open, favorable and … [Read more...] about Forum seeks to enhance Vietnam-RoK cooperation

Illustrative image (Source: baodautu.vn) Hanoi (VNA) – A workshop themed “Vietnam as your Green business opportunities destination” was held by the Belgian Vietnamese Alliance (BVA) and the Flanders International Technical Agency (FITA) in Brussels on June 22 to introduce Vietnam’s potential in renewable energy and sustainable port development. Addressing the event, Vietnamese Ambassador to Belgium and Luxembourg Nguyen Van Thao said that although the world in general and the two regions of Asia and Europe in particular have seen positive signs of a “new normal” period after two years of being hit by COVID-19, the global economic environment has remained fragile due to various factors, including geopolitical uncertainties, new variants of the SARS-CoV-2 virus, severe disruption of supply chains, pressures from rising inflation, as well as the challenges in sustainable development and the unpredictable impacts of climate change. As a coastal country that suffers regular … [Read more...] about Vietnam, Belgium seek stronger partnership in renewable energy, port development

The Paris seminar aims to promote trade and investment between Vietnam and France. (Photo: VNA Paris (VNA) – France has major advantages in various areas which are also those prioritized by Vietnam in its FDI attraction policy, said Vietnamese Ambassador to France Dinh Toan Thang at a seminar in Paris on June 23. Co-presided over by Ambassador Thang and President of the French Chamber of Commerce and Industry in Vietnam (CCIFV) Thibaut Giroux, the event aimed to promote trade and investment between Vietnam and France. It also saw the presence of French Consul General in Ho Chi Minh City Emmanuel Pavillon Grosser and representatives from nearly 80 companies and investors from both sides. In his remarks, Thang highlighted Vietnam as one of the fastest-growing and most dynamic economies in ASEAN, saying the Government of Vietnam has been persistently improving legal framework to attract French investors in the fields of mutual interest, particularly hi-tech industries and … [Read more...] about Vietnam, France step up trade, investment cooperation

Overhead view of a project under the North-South Highway Project. (Photo: VNA) Hanoi (VNS/VNA) - Nearly 18 months since the introduction of the 2021 Law on Public-Private Partnership (PPP) in Vietnam, it's still difficult to get investors to warm up to PPP projects despite the huge potential for growth, as the country ramps up efforts to build modern infrastructure, said industry experts and policymakers in a meeting in Hanoi on June 21. The Law on Public-Private Partnership was supposed to, in theory, address three major problems endemic in Vietnam’s infrastructure projects; slow progression, overbudget and poor quality. However, according to many in the field, the law has failed to tackle a number of fundamental issues, which has discouraged and hindered investors to commit to infrastructure projects. Dr Tran Chung, President of the Vietnam Association of Road Traffic Investors (VARSI) President, said the relationship between the State and investors, as of right now, was … [Read more...] about Lopsided relationship scares investors off PPP

In the past two months, Vietnam’s retail fuel prices have set up new records five times. Curbing the rise of petrol prices are essential for Vietnam to contain inflation, stabilize macro-economic conditions, and support economic recovery, for which scrapping excise tax on this product should be considered. A petrol station in Hanoi. File photo The Vietnam Chamber of Commerce and Industry (VCCI) gave its view on the draft resolution of the Ministry of Finance (MoF) on revising the tax rates for petroleum products. The move, however, could only be seen as a long-term solution, as any decision on the cut of excise and value-added taxes for petrol products are subject to the ratification of the National Assembly, with the upcoming session scheduled to take place in late 2022. In this regard, the VCCI expressed its support for MoF’s suggestion to further cut the environmental protection tax on fuels and gas products, saying such a move could be done right in … [Read more...] about VCCI proposes to scrap excise tax on petrol

Speaking at “U.K. Market: Unlocking great potential by leveraging advantages of the UKVFTA,” Oliver Todd, British consul general in HCM City, said Vietnam can replace other countries such as India and Indonesia as a major supplier of agricultural and aquaculture products to his country. Todd, who is also director of the U.K. Trade and Investment in Vietnam, said Vietnamese exporters should be well prepared if they want to boost exports to the choosy market. It is important to learn about import demand and standards and requirements for exporting to the British market, he said. Chris Milliken, vice president of the British Chamber of Commerce in Vietnam (BritCham), said there is ample scope to grow bilateral trade thanks to the trade deal. “Vietnam and the U.K. are not competing against each other in any industry; they commercially complement each other.” He pointed to the FTA as the leading pillar of the joint commitment to deepen bilateral trade, saying it was a mutual … [Read more...] about Vietnam emerges as major agricultural supplier to U.K. following UKVFTA

At the event (Photo: VNA) Seoul (VNA) – Vietnam and the Republic of Korea (RoK) need to beef up cooperation and investment in the post-COVID-19-pandemic period, said Joo Si-bo, president of the RoK-Vietnam economic cooperation association, at a conference in Seoul on June 24. Co-organised by the Vietnam Chamber of Commerce and Industry ( VCCI ) and the Korean Chamber of Commerce and Industry (KCCI), the event promoting Vietnam’s business climate took place as part of activities marking the 30th anniversary of the countries’ diplomatic relations. In his opening speech, Joo Si-bo suggested a series of potential fields for bilateral collaboration such as public healthcare, smart city development, the digital economy, and green industries. VCCI Chairman Pham Tan Cong said over the past 30 years the chamber has actively worked with RoK partners, particularly the KCCI, to hold similar events. During the discussions, representatives of Vietnamese and RoK businesses … [Read more...] about Vietnamese, RoK firms advised to team up for post-pandemic recovery

Speaking at ‘UK Market: Unlocking great potential by leveraging advantages of the UKVFTA,’ Oliver Todd, British consul general in HCM City, said Vietnam could replace other countries such as India and Indonesia as a major supplier of agricultural and aquaculture products to his country. Todd, who is also director of UK Trade and Investment in Vietnam, said Vietnamese exporters should be well prepared if they want to boost exports to the choosy market. It is important to learn about import demand and standards and requirements for exporting to the British market, he said. Chris Milliken, vice president of the British Chamber of Commerce in Vietnam (BritCham), said there is ample scope to grow bilateral trade thanks to the trade deal. “Vietnam and the UK are not competing against each other in any industry; they commercially complement each other.” He pointed to the FTA as the leading pillar of the joint commitment to deepen bilateral trade, saying it was a mutual agreement to … [Read more...] about Vietnam becomes major supplier of farm produce to UK