Vietnam economy 2017

Illustrative image (Photo: VNA) Hanoi (VNA) - HSBC experts have predicted that Vietnam's economy will continue to gain traction, despite a less rosy external picture. According to the bank, Vietnam saw a year-on-year increase of 17% in exports in the first six months of 2022, but it will be hard for overseas shipments to meet expectations in the last half of the year. In its "Vietnam at a glance" report released on August 17, the bank said that after impressive export growth in the first half of 2022, a slower-than-expected pace was recorded at the start of the second half. The main cause is a growth slowdown in the electronics industry, especially mobile phones. Samsung's second-quarter results show that demand for consumer electronics is weakening, affecting the smartphone, TV, and other segments. While textile, garment and footwear exports rose sharply, by 30% from a year earlier, the Vietnam Textile and Apparel Association forecast the amount ordered … [Read more...] about Vietnam’s economy continues to gain traction: HSBC

Phan Thi Hue, head of the Legal Inspection Department under the Vietnam Directorate of Fisheries, noted that the EC will not try to remove the ‘yellow card’ regarding the detection of fishing vessels encroaching in foreign waters. An EC report in May warned that it is likely to impose ‘a red card’ on Vietnamese seafood in the event that violations on fishing regulations are not handled in a quick manner. The EC has therefore highlighted Vietnamese determination and efforts to gradually reduce the number of fishing vessels violating regulations regarding IUU fishing in foreign waters located in the Pacific region. It also spoke highly of the country’s goodwill, co-operation, transparency, and honesty in providing information about the fishing vessel database, as well as issuing a legal framework in line with international standards towards sustainable and responsible fishery management and international integration. Despite this, IUU inspection missions to several localities … [Read more...] about Greater efforts aim to remove Vietnam from IUU fishing warning

AI4VN has been an annual programme organised by the Ministry of Science and Technology since 2018 (Photo: VietnnamPlus) Hanoi (VNA) - The 2022 Vietnam Artificial Intelligence Day (AI4VN), themed “AI – Recovering the economy , shaping the future”, began in Hanoi on September 23. The forum was expected to serve as a venue for participants to share stories, and propose solutions to contribute to creating motivation for developing the AI ecosystem in Vietnam. This was also a good chance for the community to understand more about the application perspective to see how AI technology has changed people's lives. At the event, Deputy Prime Minister Vu Duc Dam said AI4VN 2022 introduces artificial intelligence products from not only big and reputable enterprises but also small businesses, adding that this shows that technology will greatly change lives now and in the future. He stressed that Vietnam needs to make more efforts in the process of applying artificial intelligence … [Read more...] about 2022 Vietnam Artificial Intelligence Day opens in Hanoi

The figure showed an increase of 9.5 percent year on year and accounted for over one fourth of the country’s total import-export revenue. Of the figure, Vietnam’s export revenues were USD 78.98 billion, a rise of 8.4 percent over the previous year and accounting for 36.7 percent of the country’s total export value. Meanwhile, imports from G7 countries reached USD 34.03 billion, an increase of 12.3 percent and contributing 16 percent to total import revenue. As a result, in 2017, Vietnam enjoyed a trade surplus of USD 44.95 billion with G7 countries. Prime Minister Nguyen Xuan Phuc of Vietnam was invited to attend the G7 Outreach Summit in Charlevoix region, Canada’s Quebec state, from June 8-10. Vietnam and Bangladesh are the only Asian countries to be invited to the event, proving that G7 member states and the host, Canada, highly appreciate Vietnam’s role and stature. Source: VNA … [Read more...] about Trade revenue with G7 members totals USD 113 billion in 2017

VinAI Research Founding Director & CEO Bui Hai Hung presents flowers to speakers, and partners accompanying AI Day 2022 (Photo: VNA). Hanoi (VNA) – Artificial Intelligence (AI) Day 2022 officially opened in Hanoi on August 26, attended by both leading Vietnamese and foreign AI experts. The two-day event is organised by VinAI Research - the tech arm of Vingroup, the biggest conglomerate of Vietnam, with the support of the Ministry of Science and Technology, and the National Innovation Centre. It brings together leading researchers, policymakers and practitioners from all over the world to exchange on how AI is transforming societies, economies, and the environment. Under the theme of ‘Empower the Future’, AI Day 2022 features three tracks: AI for Global Equality, AI for Sustainable Development, and AI for Safety. Specifically, during the discussion on AI and Sustainable Development, speakers analyse the social and environmental impacts of designing, developing and … [Read more...] about AI Day 2022 kicked off, seeking ways to develop AI industry in Vietnam

Coach Park Hang-seo receives a lot of love from his fans at a farewell event in Hanoi. (Photo: thanhnien.vn) Hanoi (VNS/VNA) - Coach Park Hang-seo plans to help to open a youth football training academy in Vietnam after his successful five-year stint as coach of the national side. "I plan to cooperate and open a youth football training academy in Vietnam. I will use my experience as a coach in both Vietnam and the Republic of Korea to contribute to Vietnamese football in the future," Park said at the farewell meeting with local fans in Hanoi this week. The Korean coach officially ended his five-year journey on January 31 as the head coach of the national, Olympic, and U23 teams . "During the past five years in Vietnam, I have no regrets because I have lived and worked hard with the support of my dedicated assistants," Park said. The fans' love helped him become "the happiest coach in the world", he said. Park came to Vietnam by chance, thanks to his wife's … [Read more...] about Coach Park Hang-seo to help open football academy in Vietnam

The cooperation in international issues has made the two countries leading trade partners in ASEAN and those sharing common goals in the Greater Mekong Subregion. Thailand and Vietnam should look toward taking on a more proactive role in shaping the new and emerging international system, Thai Ambassador to Vietnam Nikorndej Balankura shared the view in talks with The Hanoi Times . Thai Ambassador to Vietnam Nikorndej Balankura. Photos: VNA The view reflects the two countries’ aspirations for further cooperation as they enter into the 10th year of their Strategic Partnership in 2023. “Through coalition-building and agenda-setting, Thailand and Vietnam can increase our countries’ leverage and strategic position, as well as that of sub-regional and regional groupings like ACMECS, ASEAN, and APEC,” Ambassador Balankura said. Most recently, Thailand hosted the 2022 APEC Economic Leaders’ Week in Bangkok on November 14-19, 2022, an event that demonstrated … [Read more...] about Thailand, Vietnam urged to be more proactive in face of new int’l challenges

The philosophy that widely adopted in Vietnam demonstrates the close relationship between the two nations which are now leading trade partners of each other in ASEAN. Thailand and Vietnam have as close relationship that has been strengthened through different fields, including some initiated by late King Bhumibol Adulyadej. Thai Ambassador to Vietnam Nikorndej Balankura delivers a speech at the ceremony held in Hanoi on Dec 2. Photos: Minh Nguyen The Sufficiency Economy Philosophy (SEP) is the typical model found throughout Thailand and widely adopted in Vietnam. According to Thai Ambassador to Vietnam Nikorndej Balankura, SEP is a guideline cultivated by the late King that emphasizes how individuals and communities should establish strong basic economic foundations, through the core principles of moderation, reasonableness, and resilience, in order to ensure sustainable growth. Today, the SEP Project in Vietnam’s Northern Province of Thai Nguyen aims to … [Read more...] about Thailand’s philosophy promoted in Vietnam

Delegates at the 26th Meeting of ASEAN Tourism Ministers (Photo: VNA) Jakarta – Deputy Minister of Culture, Sports and Tourism Doan Van Viet has called on other ASEAN member countries to support and cooperate with each other in tourism development. Speaking at a press conference on the ASEAN Tourism Forum (ATF) 2023 in Indonesia on February 5, the official said apart from traditional markets that have experienced difficulties, ASEAN should seek new ones and adjust some policies relating to aviation connection and visas. He also suggested the bloc continue implementing tourism development strategies for 2016-2025 and adjust and update them after each meeting of ASEAN tourism ministers. Viet described culture as the core value of the regional tourism and a unique factor helping the countries attract tourists. Sharing Viet’s view, Philippine Tourism Secretary Christina Garcia Frasco also suggested the ASEAN countries come together to offer unified tourism packages. “We have … [Read more...] about Vietnam calls for ASEAN cooperation to spur tourism development

PM Pham Minh Chinh (L) and his Singaporean counterpart Lee Hsien Loong meet on the sidelines of the 40th and 41st ASEAN Summits and related meetings in Phnom Penh, Cambodia, in November 2022. (Photo: VNA) Singapore (VNA) – Vietnamese Ambassador to Singapore Mai Phuoc Dung has highlighted the significance of Prime Minister Pham Minh Chinh’s coming official visit to the city state, the first among many events to be held in both countries to mark the 50th anniversary of their diplomatic ties and 10 years of the strategic partnership. PM Chinh, his spouse, and a high-ranking delegation of Vietnam are paying an official visit to Singapore from February 8 to 10. Dung said the trip follows the mutual visits by the heads of the two states in 2022, reflecting the special mutual political trust and relations between the countries. Looking back on achievements in bilateral relations, he said over the last 50 years, especially since the establishment of the strategic … [Read more...] about PM’s visit reflects special ties between Vietnam, Singapore: ambassador