Vietnam downpour

Vietnam’s commitments at the COP26 showcase its strong political will in the fight against climate change and transitioning to a green economy. Vietnam’s National Assembly (NA) would step up its legislative role to ensure the country’s successful realization of commitments at COP26, including their legalization into the legal framework, and allocate funds for green growth. NA Chairman Vuong Dinh Hue and UK Cabinet Minister and President-Designate of COP26 Alok Sharma. Source: quochoi.vn “The NA would continue supervising the Government in implementing national plans and potential adjustment toward green growth.” NA Chairman Vuong Dinh Hue gave the remarks during a meeting with the UK Cabinet Minister and President-Designate of COP26 Alok Sharma on June 30. At the meeting, the UK minister said the climate change issue has now become an urgent matter, and expressed his impression of Vietnam’s determination in transitioning to renewables. Sharma also … [Read more...] about Vietnam’s National Assembly to legalize commitments at COP26

Vietnam wants to learn from the experience of developed countries, including the U.K., in developing a financial center, National Assembly Chairman Vuong Dinh Hue told the Acting Mayor of the City of London Peter Estlin. He noted that the city of London was one of the biggest financial centers in the world. Hue met Estlin during his June 28-30 official visit to the U.K. Estlin said the U.K. was willing to partner with Vietnam at different levels, including developing a financial market and improving its business credit rating to grow the bond market. He also expressed support for a partnership between U.K. banks and Vietnamese counterparts to help Ho Chi Minh City become a financial center. In a draft plan published last February, HCMC seeks to establish an international financial center by 2030 with three main components: a monetary and banking market; a capital market; and a derivatives market. … [Read more...] about Vietnam seeks UK assistance for HCMC financial center

Always an alluring event for the engineering and manufacturing community On its 18 th return, MTA Vietnam 2022 - a prestigious international exhibition on machine tools, precision mechanics, and metalworking - will take place over four days from July 6 to 9 at the Saigon Exhibition and Convention Centre, 799 Nguyen Van Linh Road, District 7, Ho Chi Minh City. This exhibition is expected to provide value and interesting experiences for individuals and enterprises in the engineering and manufacturing industry. MTA Vietnam allures many enterprises and groups During their visit to the MTA Vietnam 2022 exhibition, attendees will have the opportunity to meet more than 250 prestigious exhibitors from within the country and 12 other nations and territories around the world that are considered the powerhouses of advanced technology such as Germany, the US, the UK, Japan, South Korea, Sweden, Switzerland, China, Singapore, Taiwan, Thailand, and Hong Kong, among … [Read more...] about MTA Vietnam: An exhibition of interest to the engineering and manufacturing community

Illustration. (Photo: VNA) Hanoi (VNA) – Vietnam’s economic growth accelerated faster than expected in the second quarter of this year, as a recovery in exports and manufacturing helped offset risks from coronavirus outbreaks and rising oil prices, Bloomberg reported. The US-based news agency cited data from the General Statistics Office of Vietnam (GSO) saying the Vietnamese economy expanded 7.72% year-on-year in the April-June period, compared to 5.05% of the previous quarter. That was quicker than the median estimate for a 5.9% gain in a Bloomberg survey, and the highest level since at least the first quarter of 2013, it said. The performance helped lift growth in the first-half to 6.42% from a year ago, beating the GSO’s forecast for a 5.5% pace. The government targets full-year growth at 6%-6.5%. The gains in momentum coincide with Vietnam emerging as one of the alternative destinations for foreign investment amid trade disruptions from China’s lockdowns, … [Read more...] about Vietnam’s economic growth accelerates on back of exports, manufacturing: Bloomberg

National Assembly Chairman Vuong Dinh Hue (R) meetsUK Cabinet Office Minister and President for 26th United Nations Climate Change Conference (COP26) Alok Sharma (Photo: VNA) London (VNA) – National Assembly (NA) Chairman Vuong Dinh Hue had a meeting in London on June 30 (local time) with UK Cabinet Office Minister and President for 26th United Nations Climate Change Conference (COP26) Alok Sharma who expressed impression at Vietnam’s determination in transition to green and renewable energy. Sharma said he hopes Vietnam will make political commitments on the thresholds of the COP27, along with government ones at the highest level in the work. The official showed interest in bilateral cooperation in finance, regulation reform and experience sharing in power transition as well as measures to promote the partnership in the future. He revealed that Britain PM Boris Johnson and European Commission President Ursula von der Leyen had agreed to sign a letter to Vietnamese PM … [Read more...] about COP26 President hails Vietnam’s determination in transition to green, renewable energy

Illustrative image (Source: VNA) Hanoi (VNA) - Though Vietnam is said to have certain advantages, to maintain sustained success, the country should be a diligent student of not only the upsides, but also the lessons learnt of other countries, said Moritz Kraemer, former Global Chief Ratings Officer of Sovereign Ratings Group at S&P Global and currently the Chief Economist, Head of Research of Landesbank Baden Wuerttemberg (LBBW). Speaking to Vietnam News Agency, the expert held that the world is in turmoil, and the old model of globalisation is severely tested as erstwhile reliable supply chains are ruptured and seem to refuse to heal. Moreover, inflation appears to be getting out of hand in much of the advanced economies as commodity prices soar and labor becomes increasingly scarce. Moritz Kraemer, former Global Chief Ratings Officer of Sovereign Ratings Group at S&P Global (Photo: VNA) He predicted that international companies will progressively search … [Read more...] about Vietnam remains a place of seemingly limitless promise: experts

Nation Assembly Chairman Vuong Dinh Hue speaks at the forum (Photo: VNA) London (VNA) - The National Assembly always supports the development of the Vietnam-UK strategic partnership, which was established in 2010, particularly in education, stated Chairman of the Nation Assembly (NA) Vuong Dinh Hue at the Vietnam-UK Education Collaboration Forum in London on June 30 (local time). Addressing the forum, Hue stated education is a leading national policy in Vietnam, identified as one of the three breakthroughs to implement the nation’s socio-economic development strategy. Every year, Vietnam spends 20% of its national budget on education and training. He said to create a strong transition in human resource development, Vietnam has determined that it is necessary to actively carry out international integration and promote foreign investment attraction in education for quality improvement. With the country’s law made to facilitate businesses in the sector, Vietnam has … [Read more...] about Legislature backs Vietnam-UK education cooperation: top legislator

An investment promotion conference on the occasion of the 30th founding anniversary of diplomatic ties between Vietnam and RoK (Photo: VNA) Seoul (VNA) – An international academic workshop in celebration of the 30th anniversary of Vietnam – the Republic of Korea (RoK) diplomatic ties took place in Busan on June 30. The event was jointly hosted by the Association of Vietnamese Studies (AVS) in the RoK and the Busan University of Foreign Studies. In his opening speech, Chairman of AVS Prof. Bae Yang-soo spotlighted the strong development of the RoK – Vietnam cooperative relations across fields over the last 30 years. He stressed the need to enhance academic exchanges between scholars and researchers, especially those working on Vietnamese studies, of the two countries in the coming time. Vietnamese Ambassador to the RoK Nguyen Vu Tung highlighted the significance of the workshop for the development of the Vietnam – RoK relations. As many as 12 reports were … [Read more...] about Workshop spotlights Vietnam – RoK diplomatic ties

The People’s Court in Dong Nai Province, southern Vietnam on Thursday sentenced four people to death for illicitly transporting and trading 45 kilograms of drugs. The death penalty was handed down to Vo Anh Dat, 42, Dang Xuan Anh, 49, Nguyen Hoa Hiep, 36, and Hoang Trung Hau, 35. They were convicted of the illegal transportation, trading, and possession of narcotics. The fifth defendant, 32-year-old Truong Tan Dat, received a two-year prison term for the illegal possession of narcotics. The indictment showed that Vo Anh Dat visited an area near Cau Treo Border Gate in north-central Ha Tinh Province in September 2021 to buy VND5 billion (US$214,800) worth of drugs from a Laotian man. The narcotics, which included 40 kilograms of crystal meth and five kilograms of ketamine, were expected to be sold to Bui Thien Nhan in Ho Chi Minh City for VND11.3 billion ($485,500), according to Dat and Nhan’s deal. On September 29, Dat brought the drugs to Dong Nai Province and gave them … [Read more...] about Vietnam court sentences four to death for transporting, trading 45kg of narcotics

The Vietnamese Ministry of Labor, War Invalids, and Social Affairs has recently asked relevent agencies and businesses to provide support for five Vietnamese nationals who were killed and seven others injured by chlorine gas released by a dropped tank at Jordan’s Port of Aqaba on Monday. The Vietnamese victims had been working on the Hong Kong-registered Forest 6 vessel when the chlorine tank fell from a crane onto its deck, said the Vietnamese Embassy in Saudi Arabia concurrently with Jordan on Wednesday. The Department of Overseas Labor has requested companies that have provided seafarers to the ship to urgently supply necessary support to the wounded crew members and the families of the dead in the accident. Agencies concerned will announce the names and other details of the Vietnamese victims in the toxic gas blast, the department said, adding that any wounded victim wishing to be repatriated should be supported by the companies in conjunction with relevant agencies. These … [Read more...] about Vietnam’s labor ministry requests support for Vietnamese victims in toxic gas leak in Jordan