Vietnam country currency

National Assembly Chairman Vuong Dinh Hue (centre) speaks at the Vietnam - UK high-level forum on economy and trade in London on June 29. (Photo: VNA) Rome (VNA) – Some media agencies in Italy higlighted Vietnam’s economic links with Europe and achievements in ensuring human rights when covering a recent tour of some European countries by National Assembly Chairman Vuong Dinh Hue . In an article about Vietnam’s trade and investment links with Italy and Europe, the La Città Futura newspaper said Vietnam is effectively implementing the commitments in the free trade agreements with the EU ( EVFTA ) and the UK (UKVFTA). So far, key farm produce of Vietnam like peppercorn, cashew nut, vegetables, fruit, tea, and rubber have benefited from preferential tariffs in the EU, which is one of the five largest markets of Vietnam’s fishery products. La Città Futura noted Vietnam is a leading partner of Italy in Southeast Asia and also a helpful bridge linking the EU, including … [Read more...] about Italian media spotlight Vietnam’s economic ties with Europe, human rights achievements

Illustrative image (Photo: VNA) Dak Lak (VNA) - Vietnam aims to replant or transplant about 107,000ha of coffee in the 2021 – 2025 period, according to the Ministry of Agriculture and Rural Development (MARD). According to a project approved recently by the ministry, the productivity is expected to rise to 3.5 tonnes of coffee bean per ha, with an income 1.5-2 times higher than before, the ministry said. The combined area in the five Central Highland provinces is projected at around 91,000ha, with Lam Dong making the largest share (36,000ha), followed by Dak Lak (24,000ha), Dak Nong (18,000ha), Gia Lai (11,000ha) and Kon Tum (5,000ha). Other localities like Son La, Dien Bien, Quang Tri, Binh Phuoc, Dong Nai and Ba Ria-Vung Tau will together contribute 16,000ha. The ministry attention will be paid to stepping up scientific and technological application, as well as technological transfer , while building standardised irrigation systems. Harvesting coffee (Photo: VNA) … [Read more...] about Vietnam to replant 107,000ha of coffee by 2025

Vietnam’s seafood exports were estimated at nearly US$5.8 billion in the first half of 2022, up 40 percent compared to the same period last year, the Vietnam Association of Seafood Exporters and Producers (VASEP) reported. Although the growth has shown signs of slowing down, seafood exports in June still brought in over $1 billion, similar to May and up 23 percent year on year. In the second quarter of 2022, the industry's sales exceeded $3.2 billion, a nearly 36 percent increase compared to the $2.4 billion recorded in the same period of 2021. Shrimp exports in the first six months topped $2.3 billion, up 33 percent year on year and accounting for 40 percent of the country’s seafood shipments. Inflation and lack of raw materials are posing challenges for local shrimp businesses, thus many firms have decided to increase the proportion of value-added shrimp and sell them to demanding markets such as Japan, the U.S., and the EU. With regard to pangasius, the country's exports … [Read more...] about Vietnam’s seafood exports near $5.8bn in January-June

Statistics showed that in the first five months of 2022, Vietnam shipped 2.38 million USD worth of the products to Algeria. Rice was the major export product of Vietnam to Africa, which accounted for 20 percent of total export revenue generated from the market, which is also a promising land for Vietnamese coffee and peppercorn. Each year, African countries spend about 750 million USD on importing coffee. Vietnam has been one of the five major suppliers of the product in Africa. Experts reminded Vietnamese exporters to pay greater attention to transport and preservation stages when exporting goods to Africa. They advised Vietnamese firms to carefully study the market as well as legal regulations in each country and information of its partners to avoid risks, while choosing safe payment methods. At the same time, they underlined the need for exporters to ensure that their products meet particular requirements in each market./. VNA … [Read more...] about Vietnam seeks ways to step up food exports to African market

The meeting between the VGCL delegation and Roberto Morales Ojeda, Politburo member and Secretary in charge of organisation affairs of the Communist Party of Cuba (Photo: VNA) Havana (VNA) – Leaders of the Party and State of Cuba have received a delegation of the Vietnam General Confederation of Labour (VGCL) in Havana, describing the relations between Vietnamese and Cuban workers as a core factor of the special solidarity and friendship between the two countries. The VGCL delegation met with Roberto Morales Ojeda, Politburo member and Secretary in charge of organisation affairs of the Communist Party of Cuba ; Esteban Lazo Hernández, Politburo member and President of the National Assembly of the People’s Power; Homero Acosta Álvarez, member of the Party Central Committee, Secretary of the National Assembly of the People’s Power and the Council of State; and Salvador Valdés Mesa, Politburo member and Vice President of Cuba. At the meetings, Nguyen Dinh Khang, member of … [Read more...] about Workers’ ties viewed as core factor of Vietnam – Cuba special solidarity

National flag carrier Vietnam Airlines resumes services between Ho Chi Minh City and Jakarta (Indonesia) on July 2. (Photo: VNA) The first flight in months, coded VN631, departed from HCMC for Jakarta at around 9:40am, with 144 passengers on board; and the return flight took off from Jakarta’s Soekarno-Hatta International Airport at 1:50pm carrying 171 passengers. There are now regular round trips on Mondays, Wednesdays and Saturdays. This is another international destination Vietnam Airlines has relaunched air route to after the Vietnam reopened its border and lifted travel restrictions. Nguyen Minh Toan, head of Vietnam Airline’s representative office in Indonesia, said there is high travel demand between Vietnam and Indonesia, and the resumption of an air route between the two countries, with three flights per week, marked a start for the carrier before it can recover the flight frequency to seven per week like pre-pandemic. Travellers can visit its official website at … [Read more...] about Vietnam Airlines relaunches services to Indonesia

Collectives and individuals of the Lao Women’s Union receive orders and medals from the State of Vietnam at the ceremony in Da Nang city on July 2. (Photo: VNA) Da Nang (VNA) – Orders and medals from the State of Vietnam were bestowed upon some collectives and individuals of the Lao Women’s Union (LWU) at a ceremony held in the central city of Da Nang on July 2. The event was held by the Vietnam Women’s Union (VWU) to celebrate the two countries’ Solidarity and Friendship Year 2022. On behalf of the President of Vietnam, the VWU presented the third-class Independence Order to three individuals, the third-class Labour Order to one collective, the Friendship Order to 15 collectives and three individuals, and the Friendship Medal to two individuals of the LWU in recognition of their major contributions to the traditional friendship, special solidarity, and comprehensive cooperation between the two Parties and States. On this occasion, the two unions signed a … [Read more...] about Collectives, individuals of Lao Women’s Union honoured with Vietnam’s orders, medals

COVID-19 vaccination (Photo: VNA) Hanoi (VNA) – Vietnam reported an additional 730 COVID-19 cases and no death on July 2, according to the Ministry of Health. The new infections brought the country’s total caseload to 10,748,127 since the pandemic broke out. As many as 9,694 patients were declared to be free from coronavirus SARS-CoV-2 on the day, raising the total number of recoveries to 9,699,357. Meanwhile, the death toll related to the disease was kept at 43,047, accounting for 0.4% of the total infections. More than 233.09 million doses of COVID-19 vaccines had been administered in Vietnam to date, including 18.51 million doses for children aged between 12-17 and 8.23 million doses for kids from 5-11 years old./. VNA … [Read more...] about Vietnam logs 730 new COVID-19 cases on July 2

Vietnamese athletes attend the flag hoisting ceremony of the 9th ASEAN Para Games in Malaysia in 2017. (File photo: VNA) Hanoi (VNA) – The Vietnamese delegation to the approaching 11th ASEAN Para Games is set to comprise 155 members, including 122 athletes, according to the National Sports Administration . With 14 sports, the 11th ASEAN Para Games is scheduled to take place in Indonesia from July 26 to August 7. Apart from the 122 athletes, the delegation will also include 18 coaches, two doctors, and 13 cadres. They will compete in eight sports, namely athletics, swimming, powerlifting, badminton, table tennis, chess, judo, and archery. The administration said the athletes of Vietnam have made thorough preparations, and all are determined to achieve the best possible results to gear up for the fourth Asian Para Games in China’s Hangzhou and the Paris 2024 Paralympic Games. They will also have a chance to learn from and enhance solidarity with other Southeast … [Read more...] about Vietnam to send 155-strong delegation to 11th ASEAN Para Games

According to Berly D. Alvarez, chairman of the Philippines’s Kaunlad Lending Investors Corporation and a speaker at the 2018 Horasis Asia Meeting held recently in Binh Duong province, Vietnam’s ability to attract FDI is due to its consistent economic reform, a young and increasingly urbanized population, affordable labor, constant improvements to its business climate, and political stability. The fact that it hosted the 2017 APEC meetings highlights its regional economic integration and steadily improving business climate, he added. Vietnam has been attracting investment in infrastructure, including power projects, road and rail construction and renewable energy. Don Lam, CEO of VinaCapital, said Vietnam’s economy remains strong with 6.6 percent growth targeted next year, inflation remaining under control and manufacturing expanding. “More foreign investment is expected to flow into Vietnam in the coming time.” Pakpoom Vallisuta, chairman of The Quant Group Corporation, a … [Read more...] about Vietnam a regional FDI magnet say experts