Vietnam us human rights 2023

According to the Ministry of Planning and Investment’s Foreign Investment Agency (FIA), accumulatively as of May 20, total foreign direct investment (FDI) inflows into Vietnam reached $10.86 billion, a drop of 7.3 per cent on-year, the fall is getting smaller than in previous months. Of this, newly registered capital was $5.26 billion, up 27.8 per cent on-year; additionally registered capital was $2.28 billion, down 59.4 per cent; and capital contribution and share purchase $3.32 billion, up 67.2 per cent. Do Nhat Hoang, FIA director-general, said that the rise of newly registered investment in the first five months is much higher than that in the first four months (11 per cent). The number of newly registered projects in the first five months also soared sharply on-year (66.4 per cent) to over 960 projects. “The growth rate of the number of new projects confirms that small- and medium-sized foreign investors continue to believe in Vietnam’s business environment,” said Hoang. … [Read more...] about Vietnam tasked with gaining FDI edge

Hoang Quang Phong, Vice President of the Vietnam Chamber of Commerce and Industry speaks at the opening ceremony of the exhibition. (Photo: VNA) Hanoi (VNA) – The 11th Hanoi International Plastic, Rubber, Printing, and Packaging Industry Exhibition (Hanoi PlasPrintPack 2023) was opened in Hanoi on June 8, attracting 200 companies with 340 booths. The companies are from 11 countries and territories including China, India, Indonesia, Japan, Malaysia, the Philippines, Taiwan (China), Hong Kong (China), Thailand, the UK, and Vietnam. Speaking at the opening of the exhibition, Hoang Quang Phong, Vice President of the Vietnam Chamber of Commerce and Industry, said that along with the development of the domestic manufacturing industry, the plastic, packaging, and printing industries also see rapid growth. They are supporting industries with great potential and require high-tech products, modern production processes, and management to increase competitiveness in the market. Ho Duc … [Read more...] about Over 200 companies join Hanoi PlasPrintPack 2023

Foodie circles in Vietnam are ridden with complaints after the Michelin Guide announced its list of 103 recommended restaurants in Hanoi and Ho Chi Minh City on Tuesday. In the inaugural edition of the Michelin Guide for Hanoi and Ho Chi Minh City, four restaurants were recognized with one Michelin Star for their high-quality cooking, 29 establishments received a Bib Gourmand for offering good food at moderate prices, and 70 others were recommended as the Michelin Selected restaurants. This image shows representatives of Anan Saigon, Gia, Hibana by Koki, and Tam Vi receiving one Michelin Star recognition for their restaurants at an awards ceremony held in Hanoi on June 6, 2023. Photo: Mai Thuong / Tuoi Tre Local foodies are dismayed by the announcement, with many complaining that the list does not accurately reflect the local culinary culture. “The most important thing I see is that there is no restaurant in Vietnam that really meets Michelin's standards and … [Read more...] about Michelin Guide arouses controversy after Vietnam debut

Vietnamese consumers are also becoming more discerning and value conscious (Photo: VNA) Hanoi (VNS/VNA) - Vietnam remains an attractive market for retailers as Vietnamese consumers remain optimistic about the economic challenges and are driving premium purchases. Vietnamese consumers’ overall optimism remained one of the highest among countries globally, according to global management consulting firm McKinsey. McKinsey wrote in a recent article on its website that Vietnamese consumers were optimistic that the country’s economy would rebound within two to three months and grow just as or even more strongly than before the COVID-19 pandemic. There was also a clear intent by consumers to “splurge” and treat themselves, with more than 70% of respondents saying they intend to increase spending on categories of products or services they spent less on over the past year and a half. It was estimated that more than half of the Vietnamese population would enter the global middle … [Read more...] about Vietnam remains an attractive retail market: reports

Vietnam’s e-commerce export revenue is currently experiencing a remarkable annual growth rate exceeding 20 percent and is projected to reach VND296.3 trillion (US$12.6 billion) by 2027. The forecast was released at the Vietnam Cross-border E-commerce Conference 2023 held in Hanoi on Wednesday by the E-commerce and Digital Economy Agency under the Ministry of Industry and Trade in collaboration with Amazon Global Selling, a program that enables merchants to list and sell their products across the world on U.S. e-commerce giant Amazon’s marketplaces. In her remarks at the event, Lai Viet Anh, deputy director of the E-commerce and Digital Economy Agency, highlighted the flourishing global trend of cross-border e-commerce, which is gaining momentum in numerous countries worldwide. “In Vietnam, the retail e-commerce sector demonstrates an annual growth rate of more than 20 percent annually,” Anh said. With this impressive growth rate, Vietnam possesses immense potential for the … [Read more...] about Vietnam’s e-commerce export revenues grow over 20% per year: conference

Vietnam readies for AFC U20 Women’s Asian Cup finals (Photo: VNA) Phu Tho (VNA) – With home-court advantage, Vietnamese girls beat Iran, Lebanon and lost to Australia to secure a berth in the finals of the 2024 Asian Football Confederation U20 Women’s Asian Cup. After successfully organising the first qualifying round of the AFC U20 Women's Championship in March 2023, the Vietnam Football Federation (VFF) continued to become host of the second round with Viet Tri stadium in the northern province of Phu Tho chosen as the venue for the matches. Vietnamese girls beat Iran, Lebanon and lost to Australia to secure a berth in the finals of the 2024 Asian Football Confederation U20 Women’s Asian Cup.(Photo: VNA) Director of the Centre for Management and Exploitation of the Phu Tho Sports Complex Nguyen Van Ha said that in order to well prepare for the final round of the tournament which will be held in Uzbekistan in 2024, preparations have been carefully arranged. … [Read more...] about Football: Vietnam readies for AFC U20 Women’s Asian Cup finals

Vietnam readies for AFC U20 Women’s Asian Cup finals (Photo: VNA) Phu Tho - With home-court advantage, Vietnamese girls beat Iran, Lebanon and lost to Australia to secure a berth in the finals of the 2024 Asian Football Confederation U20 Women’s Asian Cup. After successfully organising the first qualifying round of the AFC U20 Women's Championship in March 2023, the Vietnam Football Federation (VFF) continued to become host of the second round with Viet Tri stadium in the northern province of Phu Tho chosen as the venue for the matches. Director of the Centre for Management and Exploitation of the Phu Tho Sports Complex Nguyen Van Ha said that in order to well prepare for the final round of the tournament which will be held in Uzbekistan in 2024, preparations have been carefully arranged. Director of the provincial Department of Culture, Sports and Tourism Nguyen Dac Thuy said that the office has coordinated with the VFF to regularly check and evaluate the conditions of … [Read more...] about Vietnam readies for AFC U20 Women’s Asian Cup finals

Vietnamese Foreign Minister Bui Thanh Son (front, centre) at a session of the OECD Ministerial Council Meeting 2023 (Photo: VNA) Paris (VNA) – Minister of Foreign Affairs Bui Thanh Son is taking part in the Organisation for Economic Cooperation Development (OECD) Ministerial Council Meeting 2023 in Paris on June 7 - 8. Minister Son attended the event as representative of Vietnam – co-chair of the OECD Southeast Asia Regional Programme, at the invitation of OECD Secretary-General Mathias Cormann and the UK’s Foreign Secretary James Cleverly. Themed “Securing a Resilient Future: Shared Values and Global Partnerships”, the meeting is the most important event of the OECD in 2023, attracting the participation of ministers of the OECD member states and guest countries, along with leaders of the European Commission and many international organisations. Addressing the event, the Vietnamese official emphasised that sustainable and inclusive growth is secured only when … [Read more...] about Vietnam makes suggestions at OECD Ministerial Council Meeting 2023

Accordingly, the PM requested that during the 2023-2025 period and subsequent years, the entire country strives to save a minimum of 2% of total electricity consumption each year, reduce electricity losses on the entire power system to below 6% by 2025, and decrease the peak load capacity of the national power system through the implementation of the Demand-Side Management (DSM) and Demand Response (DR) programs, by at least 1,500 MW by 2025. By 2030, the goal is to have half of office buildings and half of residential buildings equipped with rooftop solar power systems for self-consumption, without selling electricity back to the national power grid. By the end of 2025, the aim is to have all street lighting systems use LED lights. To that end, ministries, ministry-level and government agencies, people's committees of centrally-run cities and provinces, businesses and mass organizations were assigned to save electricity in workplaces, public lighting, lighting for advertising … [Read more...] about Prime Minister orders further saving electricity during 2023-2025

Vice Chairman of the HCM City People’s Committee Duong Anh Duc (R) and General Director of RMIT Vietnam Claire Macken at the meeting on June 6. (Photo: VNA) HCM City (VNA) – Vice Chairman of the Ho Chi Minh City People’s Committee Duong Anh Duc received Professor Claire Macken, General Director of Australia ’s Royal Melbourne Institute of Technology (RMIT) Vietnam, on June 6. The host official highly valued the success of RMIT Vietnam, which has become a trustworthy establishment of training high-quality human resources for HCM City. HCM City is ready to join RMIT in promoting cooperation programmes and supports the university to expand its operations in the city, he noted, pledging to continue creating optimal conditions for it to develop and contribute to the training of human resources for the southern metropolis as well as Vietnam at large. He also thanked RMIT Vietnam for concurrently implementing training programmes and fulfilling its social … [Read more...] about HCM City, RMIT University strengthen cooperation