NA Chairman concludes Europe tour

National Assembly Chairman Vuong Dinh Hue arrived in Hanoi on September 12, concluding his trip to Europe to attend the fifth World Conference of Speakers of Parliament (WCSP5) in Austria and to visit the European Parliament, Belgium and Finland from September 5-11.

While there, the top lawmaker had over 70 activities. The trip affirmed the foreign policy and advocate of Vietnam’s Party and State; manifested the country’s proactiveness, activeness and responsibility; and raised its position. One of the focuses of the trip was the vaccine diplomacy as well as the cooperation against the COVID-19 pandemic.

Bilateral contacts within the framework of the conference helped consolidate and strengthen foreign relations between Vietnam and other countries. NA Chairman Hue’s activities also helped deepen friendship and accelerate cooperation between Vietnam and other countries in the fields of politics, economy, trade, investment, science and technology, etc.

Source: Vietnam News Agency

Cooperating with Vietnam benefits South Africa: official

Promoting cooperation with Vietnam will bring practical socio-economic benefits to South Africa, the African country’s Deputy Minister of International Relations and Cooperation (DIRCO) Alvin Botes affirmed while accompanying a delegation of the Vietnamese Embassy on a recent working visit to Northern Cape province.

The official said that South Africa continues to implement the policy of expanding diplomatic relations with traditional friends, including Vietnam.

This time, the Vietnamese embassy presented 250,000 face masks to the province’s Education Department and several schools in the locality.

Ambassador Hoang Van Loi said that Vietnam is striving to curb the spread of COVID-19, giving the highest priority to people’s lives and health, promoting the vaccination drive and gradually restoring economic activities.

The two countries’ trade turnover reached around 1.4 billion USD in 2020, up 23 percent year-on-year, and 706 million USD in the first half of this year. However, Vietnamese exports to South Africa accounts for only 1.3 percent of the country’s total import value.

Vietnam is actively increasing exports of apparel, footwear, coffee and pepper to South Africa and expanding cooperation in education and mining with the nation, Loi added.

Source: Vietnam News Agency

President receives visiting Japanese Defence Minister

President Nguyen Xuan Phuc on September 12 received visiting Minister of Defence Kishi Nobuo of Japan, asking the country to continue supporting Vietnam with vaccines and helping it to access vaccine sources against the COVID-19 pandemic.

The leader spoke highly of the outcomes of the talks between the guest and his host, Defence Minister Phan Van Giang, saying they helped deepen relations between the two countries and contribute to peace, stability, cooperation and development of each country, the region and the world over.

Vietnam will create every favourable condition for the further boosting of the cooperation in the field of national defence between the two countries, he stressed and spoke highly of Japan’s assistance to countries affected by the pandemic, including Vietnam. The leader also thanked the Japanese government for providing Vietnam with over 3 million vaccine doses and asked it to continue with the work in the time to come.

President Phuc welcomed and supported Japan’s active contributions to the maintenance of peace, stability, security and development of the region and the world over, and spoke highly of its stance on ensuring security, safety and freedom of navigation and aviation in the East Sea; and settling disputes and differences by peaceful measures on the basis of respect to international law, especially the United Nations Convention on the Law of the Sea in 1982 as well as the Declaration on the Conducts of Parties in the East Sea (DOC).

The Japanese guest affirmed Vietnam is a partner of the top importance of Japan in the region, briefed President Phuc on the outcomes of his talks with his counterpart, and expressed his hope that the two countries will further strengthen their national defence cooperation. Japan will continue actively implementing its cooperation with Vietnam in easing the war aftermaths, search and rescue activities, and sea security, he stressed.

The Japanese minister highlighted his country’s pledge to continue cooperating with Vietnam to control the pandemic.

Source: Vietnam News Agency

National Assembly Standing Committee’s 3rd session to open on September 13

From September 13-22, the third session of the National Assembly Standing Committee will be held in Hanoi, according to the office of the NA.

At the session, the committee will consider and opine on law-making work; socio-economic issues, state budget, supervision work, and others.

It will also consider and give opinions on the report on the work in 2021 and plan for 2022 of the State Audit; the reports for 2021 work of the Supreme People’s Court, the Supreme People’s Procuracy, and the Government; and the preparations for the second session of the National Assembly.

Source: Vietnam News Agency

Online tutoring start-up secures 1.5 million USD investment

Marathon – a Vietnamese online tutoring platform – has just raised 1.5 million USD in investment for a pre-seed round.

The investment funds participating in this Edtech include Forge Ventures, Venturra Discovery, iSeed, and other angel investors in the fields of education and technology.

The new funding is expected to help Marathon pilot teaching subjects such as Maths, Physics and Chemistry for Grades 6-12 in the National Programme by the Ministry of Education and Training. The programme will extend the curriculum in the future.

According to Marathon, currently most of Vietnam’s 18 million students still rely on private tutoring to concretise their knowledge as well as improve their scores at schools and college entrance exams.

In particular, from 50 percent to 70 percent of Grade 12 students take extra classes after school but the market is still very fragmented. Many tutoring centres are run by former public school teachers and concentrated in major cities.

For teachers, running a centre means they need to handle administrative tasks such as marketing, enrollment and communication with learners’ parents. These tasks will affect the quality of training course designing.

As cities nationwide have imposed social distancing orders, traditional classes must quickly switch to online teaching platforms. When teachers join Marathon, the administrative work will be taken care of by this start-up. This Edtech online model also makes it possible for teachers to reach more students, even in other cities.

Teachers who move from tutoring centres to Marathon are believed to be able to increase their income from 2 to 3 times.

Source: Vietnam News Agency

Vietnam exploring Russian market

Vietnam has been benefiting from the Vietnam-EAEU FTA since it took effect in 2016, which has ever since created opportunities for Vietnamese exports to the Russia – the largest market in the EAEU.

According to data from the General Department of Customs, Vietnam’s export turnover of agricultural, forestry and fishery products to the Russian market in the first seven months of 2021 increased by 34.2 percent over the same period last year, reaching 323.26 million USD.

Moreover, aquatic products, agricultural products saw high growth in export turnover compared to the same period last year. However, tea, rice, wood and wooden products experienced a decrease in export turnover to the Russian market.

According to data from the Russian Customs agency, in the first six months of 2021, the country imported a total of 117,880 tonnes of coffee, up 4.8 percent over the same period last year.

In particular, Vietnam is the largest coffee supplier to Russia with 36,770 tonnes, accounting for 31.2 percent of the marketshare.

However, it is hard to find Vietnam’s branded coffee on the shelves of supermarket chains in Russia because about 99 percent of Vietnamese coffee imported into Russia is raw beans.

Vietnamese businesses are urged to carefully study and take advantage of the incentives of the VN-EAEU FTA to better improve the exports to the Russian market in the near future.

Source: Vietnam News Agency

Oil Company pays 278 million USD to state budget

Binh Son Refining and Petrochemical Joint Stock Company (BSR) paid more than 6.33 trillion VND (nearly 278 million USD) to the state budget in the past 8 months.

Deputy General Director Bui Ngoc Duong said due to the sharp decline in domestic gasoline consumption in the third quarter, the company is experiencing difficulties in production and business activities. In the past 8 months, it produced 4.48 million tonnes and sold 4.13 million tonnes for 60.805 trillion VND.

It has developed four production and business scenarios on the basis of the COVID-19 pandemic development and the forecast of the domestic and foreign petroleum markets.

Director of Vietnam Oil and Gas Group (PVN) Le Manh Hung asked the BSR to achieve 2 goals: cash flow management, and state budget payment target.

Source: Vietnam News Agency

Centre supporting RoK startups opens in HCM City

COO Builder, which supports startups of the Republic of Korea (RoK) to operate in Vietnam, has opened a startup centre in Ho Chi Minh City, reported the RoK’s Aju business daily.

Employees of the centre, with experience and great understanding in investment, startup and supporting startups, can speak Vietnamese, English, Chinese and Korean.

The centre will provide company building services required by the RoK side like recruitment of local workers, visa and housing issues.

Joo-Hong Lee, a co-founder of Coo Builder, said that it has exerted efforts to provide other supplementary services with a hope that RoK startups will contribute to the development of Vietnam’s startup ecosystem.

Coo Builder is to expand its operation to other Vietnamese cities in the first half of 2022.

Vietnam’s startup ecosystem is highly regarded in Southeast Asia, however, infrastructure shortages have been a spanner in its development.

Source: Vietnam News Agency