Why productivity is important to economic growth

Participants in the event that is part of the ASEAN Tourism Forum (ATF) 2023 heard a report and gave comments on the results of the 57th meeting of the ASEAN National Tourism Organizations, considered the agenda of M-ATM+3 (ASEAN plus China, Japan, and the Republic of Korea); M-ATM-India and M-ATM-Russia; and attended consultations with international organizations. The meeting also reviewed and approved the Chairman's Statement and 26th meeting of M-ATM Minutes. Speaking at the event, Deputy Minister of Culture, Sports and Tourism Doan Van Viet said that 2022 witnessed a rapid recovery of the regional tourism industry. Countries reopened borders and lifted travel restrictions related to the COVID-19 pandemic. As a result, in the final months of 2022, the number of international visitors to the region increased rapidly, promoting the recovery of services, and contributing to job creation and overall economic growth. During the transition time of the tourism industry, the ASEAN … [Read more...] about Vietnam attends 26th Meeting of ASEAN Tourism Ministers in Indonesia

Producing wooden furniture for export at Trieu Phu Loc Furniture Co., Ltd, Tan Uyen Town, Binh Duong Province. — VNA/VNS Photo Wooden furniture exports from Southeast Asian markets to Australia grew sharply in the past year, with Viet Nam leading the way on US$205.6 million, up 26.4 per cent year-on-year. Following Viet Nam is Malaysia with $101.9 million and Indonesia with $61.7 million. The proportion of wooden furniture imports from these three markets accounted for 22.9 per cent of the total value of wooden furniture imports into Australia. The Import-Export Department, Ministry of Industry and Trade, quoted statistics from the General Department of Customs saying that the export value of wooden office furniture reached $28.4 million in December, a year-on-year decline of 28.6 per cent. The export value of wooden office furniture reached $370.3 million last year, down 15.9 per cent over the same period in 2021. In the structure of wooden furniture exports last year, … [Read more...] about Viet Nam leads Southeast Asia in wooden furniture exports to Australia

During their meeting, FM Son and Cambodian Deputy Prime Minister and Foreign Minister Prak Sokhonn were pleased with the fruitful developments of the bilateral relationship in recent times, and agreed to continue promoting the exchange of high-level visits via all channels, enhancing people-to-people exchange; maintaining and optimizing the effectiveness of existing bilateral cooperation mechanisms; fostering economic connections; strengthening cooperation between localities, especially those that share borders; and exerting effort to speed up tourism recovery. They also agreed to accelerate negotiations towards completing the remaining 16% of the land border demarcation and marker planting in order to build a common borderline of peace, friendship, cooperation and sustainable development between the two nations; and closely coordinate at regional and international forums as well as sub-regional mechanisms, and support each other's candidacy to multilateral organizations. Sokhonn … [Read more...] about Foreign Minister meets Cambodian, Philippine, Malaysian counterparts

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

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

According to Indonesian Foreign Minister Retno Marsudi, the meeting had substantive discussions on key issues, focusing on evaluating the implementation of ASEAN's Five-Point Consensus (5PC) on Myanmar; regional and international issues; and the relations between ASEAN and partners. Regarding Myanmar, Indonesia, as the ASEAN Chair in 2023, mentioned the implementation of 5PC, emphasizing that the consensus has important significance and demonstrates ASEAN's unity in solving issues related to Myanmar. ASEAN Foreign Ministers reaffirmed a unified approach to the implementation of the 5PC in order to settle the political crisis in the bloc’s member nation as well as to ensure humanitarian assistance programs for Myanmar people, especially the Rohingya Muslims. Regarding the theme of the meeting “ASEAN Matters: Epicentrum of Growth,” ASEAN member countries agreed on important contents to push towards positive outcomes, and mobilize resources to develop ASEAN Blue Economy Framework as … [Read more...] about ASEAN Foreign Ministers’ Retreat wraps up

Great chances for Vietnam to switch to Web 3.0 (Source: netweb.vn) Hanoi (VNA) – As more information technology businesses invest resources into Web 3.0, coupled with the large number of users and coders, Vietnam sees great opportunities in the blockchain market in the Southeast Asian region, say experts. Web 3.0 was born from the natural evolution of older generation Web tools combined with advanced technologies such as artificial intelligence (AI), blockchain, and the connection between users and the Internet. In other words, Web 3.0 is an upgrade to its predecessors: Web 1.0 and 2.0. In recent years, foreign investors have flocked to Vietnam and established investment funds specialising in blockchain. Capital inflows into non-fungible token (NFT) assets also skyrocketed from 37 million USD to 4.8 billion USD in 2021, Finder reported. Experts explained that Vietnam has about 5.9 million people, or 6.1% of the population, who have exposure to blockchain-enabled … [Read more...] about Great chance for Vietnam navigate to Web 3.0: Experts

A worker (right) given information on job vacancies at the Hanoi Job Marketplace (Photo: VNA) Hanoi (VNS/VNA) - Employment service centres in big cities have increased capacity to help connect workers with vacancies after the Tet (Lunar New Year) holiday. Nguyen Duc Hoang, an electrician in Hanoi, quit his job before the Tet holiday and has been doing a variety of part-time jobs since. He has been receiving unemployment insurance for three months. He went to the Hanoi Job Marketplace to find a more stable job with insurance and allowances. “Through the job marketplace, I was introduced to several jobs related to my profession, and I’m considering them,” said Hoang. Nguyen Thi Nhung, an accountant, also went to the Hanoi Job Marketplace to find out more information about recruitment after finishing an advanced professional course. “I already got the information I needed, and I am comparing companies’ conditions and remuneration," she said. Vu Quang Thanh, … [Read more...] about Job centres step up efforts to help unemployed workers after Tet

Nguyen Duc Hoang, an electrician in Hanoi, quit his job before the Tet holiday and has been doing a variety of part-time jobs since. He has been receiving unemployment insurance for three months. He went to the Hanoi Job Marketplace to find a more stable job with insurance and allowances. “Through the job marketplace, I was introduced to several jobs related to my profession, and I’m considering them,” said Hoang. Nguyen Thi Nhung, an accountant, also went to the Hanoi Job Marketplace to find out more information about recruitment after finishing an advanced professional course. “I already got the information I needed, and I am comparing companies’ conditions and remuneration," she said. Vu Quang Thanh, deputy director of the Hanoi Employment Service Centre, said that after the holiday, the Hanoi Job Marketplace re-opened on January 30. Thematic job introduction sessions would be held regularly this month, with many sessions for young people. He said that the labor … [Read more...] about Job centers step-up efforts to help unemployed workers after Tet

The meeting took place within the framework of the ASEAN Tourism Forum (ATF) 2023 themed “ASEAN: A Journey to Wonderful Destinations.” Delegates reviewed tourism cooperation outcomes recorded at the 25th ASEAN-China Summit, the 23rd ASEAN-RoK Summit, the 25th ASEAN-Japan Summit, and the 25th ASEAN Plus Three Summit, held in Cambodia from November 11-12, 2022. They also looked into ASEAN+3 tourism cooperation following the 20th ASEAN Plus Three Tourism Ministers Meeting in 2021. The participants noted with pleasure the growth both in the number of international arrivals and tourism revenues in the ASEAN+3 countries as compared with 2021. The tourism sector will further recover in the next two-three years as the countries have continued with COVID-19 vaccinations and paid attention to hygiene and safety of visitors, they said. The meeting highlighted the support of China, Japan and the RoK for ASEAN member nations in enhancing capacity for tourism experts, and creating … [Read more...] about Vietnam attends ASEAN+3 Tourism Ministers Meeting