Vietnam encourages Swiss investment in high-priority fields such as finance banking, insurance, manufacturing and processing, pharmacy, renewables, and tourism. Switzerland is committed to supporting Vietnam’s transition to a green economy by adopting circular economic practices and digitalization. Vietnam’s Deputy Prime Minister Tran Hong Ha and Switzerland’s Economy Minister Guy Parmelin. Swiss Finance Minister Guy Parmelin underlined this view in a meeting on January 16 (local time) with Vietnamese Deputy Prime Minister Tran Hong Ha, who is in Davos to attend the annual World Economic Forum (WEF). At the meeting, both sides expressed delight at the strong progress of Vietnam-Switzerland relations over the past 50 years, especially in politics-foreign affairs, economy, science-technology, education, and training. During the first 11 months of 2022, bilateral trade turnover reached US$721.3 million, while Switzerland currently has 197 foreign direct … [Read more...] about Switzerland to support Vietnam’s transition to green economy
Working in partnership when supporting childrens transitions
Toyota joins hands with local auto supporting industry firms
A VinFast automobile factory in Dinh Vu Industrial Park, Cat Hai district, Hai Phong city. Local manufacturers have paid attention to enhancing the localisation rate by investing more in auto supporting industries. — VNA/VNS Photo Viet Nam's manufacturers have enhanced the localisation rate by investing more in supporting industries. The auto supporting industry is not apart from that process, as increased localisation has gradually helped reduce the importation of components. From 2018, import tariffs on automobiles from ASEAN countries have been reduced to zero percent for Completely Built Units (CBU), posing a major challenge for domestic manufacturers, who are already facing intense competition from neighboring countries such as Thailand and Indonesia. In particular, Viet Nam signed two new generation Free Trade Agreements (FTAs), including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA). The … [Read more...] about Toyota joins hands with local auto supporting industry firms
Vietnam calls for int’l support in green development
Vietnam would not sacrifice social advancement, equality, and the environment for economic growth. The Vietnamese government is calling for more support from international organizations and multinationals to help the country achieve its development goals, including the transition to a green economy. Overview of the forum. Photos: VGP Deputy Prime Minister Tran Hong Ha urged interlocutors at the Vietnam-World Economic Forum (WEF) global business forum held on January 17 in Davos (local time). According to Ha, Vietnam continues to put the people at the center of sustainable development. “The Vietnamese Government would not sacrifice social advancement, equality, and environment for economic growth while pushing for three strategic breakthroughs of infrastructure, legal framework, and human resources,” Ha said. In this context, Ha called for further support from multinationals to help Vietnam realize development goals, including the transition to a green … [Read more...] about Vietnam calls for int’l support in green development
Australia continues supporting development in Northwest Vietnam
Northwest Vietnam is benefiting from a project worth US$24 million to mainly develop community-based economic models. Australia’s Ambassador to Vietnam Andrew Goledzinowski has led a delegation to visit projects in Lao Cai, Yen Bai and Phu Tho that are benefitting from Australian support. Ambassador Andrew meets with Mr Dang Xuan Phong, Party Secretary of Lao Cai province. Photo: Embassy of Australia in Hanoi The visit on January 11-13 shows that Australia remains committed to supporting socio-economic development in Northwest Vietnam. In the meeting with leaders in Lao Cai and Yen Bai, the discussions confirmed that the northwest region remains a focus in the broader Australia-Vietnam bilateral partnership. Australian support is growing from an initial focus on clean water and agriculture to now include transport infrastructure, women’s economic empowerment, tourism development and private sector development to better the lives of men and women, … [Read more...] about Australia continues supporting development in Northwest Vietnam
Dai-ichi Life Vietnam, Sacombank continue charity activities to support disadvantaged
Dai-ichi Life Vietnam and Sacombank award scholarships worth VND250 million to 250 outstanding students facing difficult circumstances as part of their ‘Connect to love - Happiness for the community’ programme. — Photo courtesy of Sacombank To mark the fifth anniversary of their exclusive bancassurance partnership, Dai-ichi Life Vietnam and Sacombank have unveiled a VND1.75 billion (US$74,700) social and charity programme called ‘Connect to love - Happiness for the community’. The programme aims to support disadvantaged people across the country, especially students in remote areas, children with cancer and poor people needing cataract surgery. Under the programme, the two companies awarded scholarships worth VND250 million ($10,689) to 250 outstanding students in Quang Ninh, Quang Ngai, Thai Nguyen, Thua Thien – Hue, and Ha Noi in October and November last year. Last month they collaborated with the Sponsoring Association of Poor Patients in HCM City to donate treatment … [Read more...] about Dai-ichi Life Vietnam, Sacombank continue charity activities to support disadvantaged
War in Vietnam not supported by Americans: Expert
At the signing of the Paris Peace Accords in Paris on January 27, 1973. (Photo: VNA) Washington D.C (VNA) - In the early 1970s, most Americans, including many servicemen and war veterans, believed that the war in Vietnam was a mistake and that the US should negotiate for a peace agreement, Dr. Andrew Wells-Dang, a senior expert about Vietnam at the US Institute of Peace told the Vietnam News Agency's resident correspondents while talking about the signing of the Paris Agreement on Ending the War and Restoring in Vietnam (Paris Peace Accords) 50 years ago. The expert noted that the peace negotiations among the parties for the signing of the Paris Peace Accords took more than four years to complete. During that period, thousands of Americans and tens of thousands of Vietnamese were killed. Although the Paris Peace Accords did not completely end the conflict in Indochina, its primary importance was to reduce the killing and destruction in Vietnam, he stressed. Underlining … [Read more...] about War in Vietnam not supported by Americans: Expert
Program held to support orphaned children
The event was an activity to improve the efficiency of the program “The Navy as a fulcrum for fishermen to reach out to sea." Accordingly, Naval Region 2’s units will coordinate with other agencies and enterprises to take care of fishermen's children who are teenage orphans, contributing to sharing difficulties with local fishermen in coastal and island localities, enhancing the effectiveness of the mobilization work and consolidating military-civilian solidarity. Moreover, Naval Region 2 and other naval units will conduct the program in 28 coastal cities and provinces across the country. According to Senior Captain Vu Anh Tuan, Political Commissar of Naval Region 2, the program aims to further concretize the Party's policies and the State’s law on the responsibilities of the armed forces for children’s rights. After the launching ceremony, Naval Region 2’s units and sponsors adopted five disadvantaged children in Xuyen Moc and Dat Do districts (Ba Ria - Vung Tau). Meanwhile, … [Read more...] about Program held to support orphaned children
Vietnam always views RoK as important, long-term strategic partner: PM
PM Pham Minh Chinh (R) and Speaker of the RoK’s National Assembly Kim Jin-pyo in Hanoi on January 17 (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh affirmed that Vietnam always views the RoK as an important and long-term strategic partner during his meeting with Speaker of the Republic of Korea (RoK)’s National Assembly (NA) Kim Jin-pyo in Hanoi on January 17. Both host and guest noted with satisfaction that the two countries’ relations have been developing unceasingly in all aspects over 30 years since bilateral diplomatic relations were set up. At present, the RoK is ranking first among foreign investors in Vietnam with total capital reaching 80.5 billion USD; second in terms of development cooperation, tourism, and labour; and third in terms of trade with revenue hitting 88 billion USD in 2022. About 8,000 Korean enterprises are operating in Vietnam. Meanwhile, some 200,000 citizens of each country are living in the other country, including about … [Read more...] about Vietnam always views RoK as important, long-term strategic partner: PM
Cambodian border protection force extends Tet greetings to Vietnamese unit
Every year on the occasion of Tet holiday, border stations of the An Giang provincial Border Guard Command hold a year-end party for troops and send invitation to the Cambodian border protection force. According to Colonel Hoang Ban Dang, Political Commissar of the Border Station of Vinh Xuong international border gate, the close ties between the Vietnamese border guard force and the Cambodian border protection force, the two countries and two peoples have been further consolidated over the past time. On the occasion of the traditional Tet festival of the two countries, both sides send delegations to visit each other and organize cultural, artistic, and sports exchange programs. The Head of the Kandal province border protection police shared that the Vietnamese traditional Tet festival is such an exciting event. Especially, “Banh Tet” (cylindrical glutinous rice cakes) is so delicious. With the motto of “good neighborliness, traditional friendship and comprehensive, sustainable … [Read more...] about Cambodian border protection force extends Tet greetings to Vietnamese unit
Vietnam in 2023 – time to take off
What is your stance on the general status of Vietnam’s development? Nicolai Prytz, Danish Ambassador to Vietnam Vietnam’s economy has rebounded swiftly after pandemic restrictions were eased over a year ago. The government also issued supportive policies such as low interest rates, strong credit growth, and an economic recovery and development programme, all of which have helped recover production and business activities. The lifting of mobility restrictions had also brought about a recovery in retail and a rebound in tourism, even though there is still some way to go. In fact, Vietnam has recently attracted increasing foreign investment, thanks to international companies, in part due to their wish to diversify production facilities. However, looking ahead, Vietnam’s recovery is facing heightened uncertainties from the challenging global environment including, among other things, the risk of economic recession in developed countries, the prolonged war in Ukraine, and … [Read more...] about Vietnam in 2023 – time to take off