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Digital payment service provider Visa announced earlier this week the launch of Visa Eco Benefits in the Asia-Pacific region in order to meet increasing demand for sustainable financial services. Eco Benefits is a suite of sustainability-focused solutions that will help Visa cardholders across the region better understand the environmental impact of their day-to-day payments, the multinational company said in a press release on Wednesday. They can calculate the carbon footprint generated by their Visa transactions, and access options for carbon offsetting or charitable donations from their bank’s website or app. Banks in Asia Pacific that sign up for Eco Benefits will be able to offer these solutions to their Visa cardholders and meet a growing demand for sustainable financial services. Sixty-six percent of consumers in the Asia-Pacific region expect their bank to offer eco-friendly payment solutions, according to a new Visa/YouGov survey. Over half (52 percent) would switch … [Read more...] about Visa launches eco-friendly payment solutions in Asia Pacific

COVID-19 treatment (Photo: VNA) Hanoi (VNA) – Vietnam recorded 2,074 COVID-19 cases on August 5, which is the fifth consecutive day the daily number of new cases has exceeded 2,000, according to the Ministry of Health . The national caseload rose to 11,192,043. With 9,481 patients given the all clear during the day, the number of recoveries rose to 9,957,655. Meanwhile, there are 46 patients in serious conditions needing breathing support. No death from COVID-19 was recorded in the past 24 hours. The total fatalities stood at 43,094. On August 4, an additional 387,222 doses of vaccines were administered, raising the total number of doses of COVID-19 vaccines injected to 247,726,474./. VNA … [Read more...] about Vietnam logs 2,074 COVID-19 cases on August 5

The Vietnamese Ministry of Health on Sunday reported an additional 1,381 Covid-19 infections, raising the country's total tally to over 11 million. Illustrative photo According to the ministry's report, the number of Covid-19 patients in Vietnam has increased to 11,347,518. On August 7, an additional 8,589 more patients recovered from the disease, raising the number of recoveries in the country to over 9.97 million. On Sunday evening, no deaths from Covid-19 were recorded. The country's total fatalities stood at 43,094, accounting for 0.4 per cent of total infections. By August 6, the country had injected more than 248 million doses of Covid-19 vaccines. Vietnam is targeting the completion of Covid-19 inoculation for children aged between 5 - 11 in August, as well as the administration of the third shot for those aged 12 - 17, as well as the third and fourth doses to people aged 18 and above as soon as possible. … [Read more...] about Vietnam confirms additional 1,381 new Covid-19 infections on Sunday

What are the concerns surrounding the Uyghur Forced Labor Prevention Act (UFLPA) implementation among Vietnamese garment exporters to the US? Association chairman Vu Duc Giang Some of the concerns are real. Since the UFLPA became effective in June, Vietnam has witnessed certain impacts on its garment exports to the US. Vietnam has maintained its position as the world’s third-largest cotton importer with a volume of 1.5 million tonnes per year. This includes 800,000 tonnes of cotton imported from the US, accounting for 60 per cent of the total imports. In January 2021, US Customs and Border Protection announced a ban on raw fibres, apparel, and textiles made from Xinjiang-grown cotton, which also covers cotton products made in third countries. Customs will detain imported merchandise unless the importer can prove by clear and convincing evidence that the goods were not from Xinjiang. What is the status of the recommendations from the US on Chinese cotton? Vietnam … [Read more...] about Facilitating recovery of Vietnam’s yarn sector in midst of US policy enforcement

The Korea and Vietnam Economic and Cultural Association (KOVECA) and the Association for Liaison with Overseas Vietnamese, along with ministries and localities, last week jointly held two Vietnam-Korea cooperation forums in both the northern and southern regions with the participation of 30 associations and 50 enterprises from South Korea. PM Pham Minh Chinh greets representatives of the RoK's associations and businesses at the dialogue in Hanoi on July 30. (Photo: VNA) The associations and enterprises are looking for investment opportunities in terms of urban and transport infrastructure, hospitals, renewable energy, high-tech, and career training. Previously, in the framework of a conference connecting the northern province of Thai Binh and South Korea in early July by Thai Binh People’s Committee, coordinated with the Ministry of Foreign Affairs and the Korean Embassy to Vietnam, an investment registration certificate was granted to South Korea’s SMT Company for the … [Read more...] about South Korean investors lavish attention on Vietnam

Vietnam, together with Brazil, Indonesia and India that are emerging markets, have made practical contributions to Apple’s group’s outstanding performance in the second quarter of this year, said CEO Tim Cook. Apple CEO Tim Cook. (Photo credit Apple). In its financial report for the second quarter of 2022, Apple announced a record revenue of US$ 83 billion, up 2% over the same period last year, despite market fluctuations. Speaking to analysts after releasing the figure, Cook noted the quarter saw record revenue in developed and emerging markets "with double-digit growth in Brazil, Indonesia and Vietnam, and a new doubling of revenue in India." The CEO said that the company continues to execute across some significant geographies with "low penetration of iPhones between Indonesia, Vietnam and India where we did quite well". "iPhone tends to be the engine for those markets, particularly at the beginning of creating the market there for Apple products," he … [Read more...] about Apple CEO Tim Cook appreciates Vietnam market potential

The house was built with a total cost of 80 million VND (3,420 USD), of which 50 million VND was contributed by Soc Trang Lottery One Member Limited Company thanks to the mobilisation of the Vietnam News Agency's Bureau in the province. In addition, the Association of Victims of Agent Orange/dioxin in Chau Thanh district also mobilized donors, departments, and branches to donate more necessary home appliances to Van's family; and give 10 gifts to 10 poor households, and 20 gifts to disadvantaged students in the locality. To care for dioxin victims, since the beginning of this year, the local Associations of Victims of Agent Orange/dioxin at all levels have coordinated with socio-political organizations, and charity organizations to mobilize donors to support Agent Orange victims in many forms with a total value of nearly 4.65 billion VND. Source: VNA … [Read more...] about Vietnam News Agency joins hands to support AO victim in Soc Trang

Opening the market, customs and trade facilitation, government procurement, services and investments and other legal and institutional issues were tabled at the eleventh round that took place in Israel on June 1-5. The two sides agreed on many important contents, especially those related to opening markets to each other. They pledged to accelerate discussions in the coming time to soon conclude the negotiating process. The FTA is expected to further boost trade and investment between the two countries as well as bring substantial benefits to enterprises, and citizens of both nations. Vietnam and Israel officially launched FTA negotiations on December 2, 2015. Source: VNA … [Read more...] about Vietnam, Israel make progress in FTA negotiations

This was one of many important activities to honour the Vietnam-Laos Friendship Year 2022. Vietnamese Ambassador Le Thanh Tung highlighted the importance of the special solidarity between the two countries. He emphasised that the year 2022 marks an important milestone for both countries, an opportunity for them to review the heroic history of the Vietnam-Laos Combat Alliance, as well as the mutual help and support between the two Parties, States and people in the past struggle for national independence as well as in the present cause of national construction, development and protection. Lao Ambassador Vantha Sengmeaung affirmed that the bilateral great friendship, special solidarity and comprehensive cooperation are the valuable heritage of both peoples, as well as a decisive factor to bring the two countries to the revolutionary victories. He affirmed that the special relationship is vividly expressed in the closeness, solidarity, close cooperation and mutual support between … [Read more...] about Important anniversaries of Vietnam-Laos relations marked in Cuba

Granting an interview to the Vietnam News Agency (VNA)'s correspondents in Laos on the occasion of the Association of Southeast Asian Nations (ASEAN)’s 55th founding anniversary (August 8), Saleumasay said that Vietnam joined ASEAN in 1995, and two years later, Laos also became a member of the group. Since then, the two countries have become active members, making important contribution to the bloc's policy and vision making. Regarding the building of the ASEAN Economic Community, he said that Vietnam is a major country and plays an important role in the region, and has relations with many countries, especially great powers, which is also its direct contribution to the ASEAN Economic Community’s important role in the region and the world as well. Since their admission to ASEAN, Vietnam has assumed the role as ASEAN Chair thrice, while Laos will take on the position for the third time in 2024. During these times, both Laos and Vietnam have stressed the central leadership role of … [Read more...] about Vietnam, Laos contribute greatly to ASEAN Community building: Lao Deputy PM