Vietnam shipbuilding industry group

Containers stacked at the Gemalink international port in Ba Ria-Vung Tau province. (Photo: VNA) Hanoi (VNS/VNA) - Digital transformation has become a crucial aspect for logistics firms to stay ahead of the curve amid the fast-paced business world. Phan Van Chinh, Director-General of the Agency for Foreign Trade under the Ministry of Industry and Trade, viewed digital transformation as a game-changer for logistics firms in this time of rapid change. He said logistics was picked as one of the eight priority industries in the National Digital Transformation Programme by 2025. The follow-up Decision No.221 laid down a course of action to improve its competitive advantages, which involves 'research and technology transfers to accelerate digital transformation '. According to the Vietnam Logistics Business Association (VLBA), Vietnam's logistics industry grew by around 14-16% annually in recent years. It is comprised of about 3,000 domestic firms and 30 transnational … [Read more...] about Digital transformation viewed as game-changer in logistics industry

Last Sunday morning, Tohru Ninomiya gathered a group of around 20 people, mostly Japanese and Vietnamese, at Dong Kinh Nghia Thuc Square beside Sword Lake. After a few minutes of greetings, everybody put on their gloves to walk around the lake and pick up garbage. Ninomiya came to Vietnam 14 years ago and quickly fell in love with Hanoi and Sword Lake, also known as Hoan Kiem Lake. But he was a bit upset by the garbage he saw strewn around the iconic landmark. "The lake would be even more beautiful without all the trash around it," the 74-year-old Japanese man recalled thinking upon his first visit to the lake in the early 2000s. After living and working in Hanoi through 2011, Ninomiya finally decided it was time for him to "do something to thank Vietnam." He thought about his favorite place in town, Sword Lake, and asked five other Japanese if they would volunteer with him to collect garbage. Tohru Ninomiya stands by Sword Lake in Hanoi, June 2023. Photo by … [Read more...] about Japanese expat group cleans up Hanoi’s Sword Lake

The CICON 2023 takes place in Ho Chi Minh City on June 7. (Photo: VNA) HCM City (VNA) – The CICON 2023 – the second international conference that combines the initials of Creative Urban, Culture, Convergence, and Industry took place in Ho Chi Minh City on June 7, offering opportunities for Vietnam and the Republic of Korea (RoK) to participate in the smart city and blockchain industry, build a network of businesses from the two countries. RoK , and Chairman of the Seoul Design Foundation said that Vietnam is known as a country with sustainable growth in the region with the advantages of a young population structure and potential for industrial and high-tech development. VNA … [Read more...] about Vietnam, RoK share experience, initiatives on smart city development

With loan transactions, most lenders raise concerns as to the legal requirements for them to implement the loans and collections, specifically when foreign currencies are applied with foreign lenders. Borrowers, on the other hand, are concerned about tax deductibility. To address these concerns, the experts from Grant Thornton Vietnam will discuss the general principles and highlight key tax issues related to foreign loans in Vietnam based on the current regulations and their practical experience. Regulations for loans in Vietnam If domestic loans can be rather challenging to put into practice, foreign loans are much more difficult as they must comply with the laws on foreign currency management. A short-term foreign loan (for 12 months or less) is not required to be registered with the State Bank of Vietnam (SBV), while a medium or long-term foreign loan of more than 12 months must initially be registered with the SBV. Periodically, and no later than the fifth … [Read more...] about Loans in Vietnam – Regulatory and tax-related issues

Ambassador Dang Hoang Giang (second from right), Permanent Representative of Vietnam to the UN, speaks at the dialogue. (Photo: VNA) New York (VNA) - The United Nations Development Programme (UNDP) has been and will continue to be one of the most important and trusted partners of the Government and people of Vietnam on the country’s development and integration pathway, Ambassador Dang Hoang Giang has affirmed. Addressing an interactive dialogue between the UNDP Executive Board and UN member states held in New York on June 6 on the occasion of the 45th anniversary of the Vietnam - UN relations , the Permanent Representative of Vietnam to the UN pointed out impacts of such global issues as the COVID-19 pandemic, climate change, geo-political tensions, and food and energy crises. As a speaker at the meeting to share the country’s success story, he said that in this context, the Vietnamese Government has implemented a number of measures to protect people’s health, … [Read more...] about UNDP one of Vietnam’s most important partners on development path: ambassador

Heads of delegations to the 20th ASEAN Chiefs of Defence Forces Meeting (ACDFM 20). (Photo: VNA) Jakarta (VNA) – A high-ranking Vietnamese defence delegation led by Chief of the General Staff of the Vietnam People's Army (VPA) and Deputy Minister of National Defence Sen. Lieut. Gen. Nguyen Tan Cuong attended the 20th ASEAN Chiefs of Defence Forces Meeting (ACDFM 20) that opened in Bali, Indonesia on June 7. Addressing the event, Sen. Lieut. Gen. Cuong said that as a responsible member of the international community and ASEAN, Vietnam has joined cooperation activities among militaries of ASEAN countries. He called on relevant parties to continue their commitments in maintaining peace, security, stability, safety and freedom of navigation and overflight in the East Sea , while strengthening trust building and fully and effectively implementing the Declaration on the Conduct of Parties in the East Sea (DOC) and soon finalising negotiations for a substantial and effective Code … [Read more...] about Vietnam shows responsible engagement at ASEAN Chiefs of Defence Forces Meeting

At the Vietnam-Cambodia trade forum . (Photo: VNA) Phnom Penh (VNA) - The Vietnamese Embassy in Cambodia in coordination with the Ministry of Industry and Trade (MoIT)'s Asia–Africa Market Department held a trade forum in Phnom Penh on June 7, which brought together more than 100 businesses of the two countries. In his remarks, Ambassador Nguyen Huy Tang noted that economic cooperation has received the attention of the two countries’ high-ranking leaders, saying it is necessary to foster the economic, trade and investment links to maximise potential and advantages of the two neighbouring countries. The forum offers an opportunity for Vietnamese and Cambodian businesses to exchange information, seek partners, stay updated on new economic policies of the two countries, and speak of obstacles to their operations and propose solutions to them, he said. Ho Siv Yong, from the Cambodian Ministry of Commerce, highlighted trade opportunities in Cambodia, saying the … [Read more...] about Vietnam steps up trade promotion in Cambodia

Additionally, the two entities have signed an MoU to foster collaboration in the renewable energy sector, commencing with the development of further rooftop solar projects for Sao Mai Group's industrial facilities. The 3.4 MWp portfolio of rooftop solar PV projects have been installed on the roofs of the Asia Fish Oil and IDI International Development and Investment JSC factories located in the Vam Cong Industrial Cluster in the Mekong Delta province of Dong Thap. It currently generates 4.4 gigawatt hours of renewable energy each year, reducing more than 3,500 tons of CO 2 emissions annually – equivalent to planting over 52,500 trees. As a leading provider of solar solutions in the region, TotalEnergies ENEOS will leverage its international technical expertise and operate this portfolio efficiently to serve its business-to-business (B2B) customers. Elodie Renaud, director of TotalEnergies ENEOS Renewables Distributed Generation Asia stated, “We are very pleased not only with … [Read more...] about TotalEnergies ENEOS expands in Vietnam through partnership with Sao Mai Solar

In a groundbreaking move, South Korean chip equipment giant Hanmi Semiconductor Co. has announced the introduction of its local arm, Hanmi Vietnam, according to newswire Kedglobal . Nestled in Bac Ninh, a city that doubles as the capital of Bac Ninh province, this subsidiary stands poised to revolutionise the semiconductor landscape. As Vietnam solidifies its reputation as a burgeoning production hub for global semiconductor behemoths, Hanmi Semiconductor's foray into the market could not be more timely. The company's CEO Kwak Dong-shin emphasised the company's commitment to providing tailored services to Vietnamese consumers through its local subsidiary and a team of expert sales and service engineers. Founded in 1980 to boost the development of South Korea's semiconductor-based industry, Hanmi Semiconductor has grown steadily into a world-class semiconductor manufacturer, and is now a leading designer, developer, and manufacturer in the semiconductor equipment industry. … [Read more...] about Hanmi Semiconductor spreads wings in Vietnam

The minister also had a working session with the French Senate’s Vice President Pierre Laurent, who is also former National Secretary of the French Communist Party. At those meetings, Son affirmed that Vietnam always attaches importance to developing its comprehensive relations with France, through all the government, legislature and party channels. On the occasion of the 50th anniversary of the bilateral diplomatic ties and the 10th anniversary of the bilateral strategic partnership, the minister suggested Vietnam and France continue boosting friendship exchanges and mutually beneficial cooperation in all areas. The host leaders emphasized the close ties between Vietnamese and French peoples, and expressed their belief that Son’s visit will contribute to deepen the strategic partnership. Larcher spoke highly of the success of the 12th Vietnam - France decentralized cooperation conference, which was held in Hanoi last April, saying the event served as an important cooperation … [Read more...] about Vietnam attaches importance to comprehensive relations with France: Foreign Minister