Day: September 27, 2022

Posted on

Vietnam’s National Day marked in Thailand

A reception to celebrate the 77th anniversary of the National Day (September 2) was held by the Vietnamese Embassy in Thailand on September 26, bringing together 400 delegates from the Thai government, ASEAN member nations’ embassies, the EU Delegation to Thailand, among others.

 

In his remarks, Vietnamese Ambassador to Thailand Pham Chi Thanh highlighted the significance of the National Day in Vietnam’s history, and recalled glorious achievements in the country’s national construction and defence, socio-economic development and international integration during the past 77 years.

 

Vietnam now is a country of peace, stability and development, becoming the favourite destination of millions of tourists around the world. The country has also recovered quickly from the COVID-19 pandemic, remaining a fast-growing economy in the region and a large market with a population of up to 100 million, he noted.

 

Thailand is one of the most important friends and partners of Vietnam in ASEAN and the world, Thanh affirmed, noting that after 46 years of diplomatic relations, the friendship and cooperation between Vietnam and Thailand has developed strongly.

 

Next year, the two countries will celebrate the 10th anniversary of their strategic partnership. This is a good chance for the two sides to lift the bilateral relations to a new height, he added.

 

The diplomat took the occasion to thank Thailand and the international community for always supporting Vietnam in its development.

 

He praised the business community of both countries for their efforts to promote Vietnam – Thailand economic cooperation, while applauding endeavours by the Vietnamese community in Thailand in stepping up the bilateral ties and contributing to the homeland.

 

Thai and international friends highly valued and expressed their optimism about Vietnam’s achievements, believing that the Vietnam-Thailand strategic partnership will continue to develop fruitfully, contributing to bringing prosperity to the people of the two nations./.

 

Source: Vietnam News Agency

Posted on

European enterprises optimistic about Vietnam’s economy: EuroCham

European firms have shown their optimism about the Vietnamese economy, which is recovering strongly after the COVID-19 pandemic, Vice Chairman of the European Chamber of Commerce in Vietnam (EuroCham) Nguyen Hai Minh has said.

 

According to Minh, despite the global supply disruptions induced by the pandemic, Vietnam still exported more than 35.1 billion USD worth of goods to the EU in 2020 and over 40 billion USD last year.

 

Meanwhile, the Southeast Asian nation imported 14.6 billion USD and 16.7 billion USD worth of commodities to the bloc in the two years, respectively.

 

In the first eight months of this year, Vietnam’s export revenue to the EU was valued at 31.9 billion USD, up 23.6%, resulting in a trade surplus of up to 21.6 billion USD, a rise of 46.4%.

 

The figures have reflected positive impacts of the EU-Vietnam Free Trade Agreement (EVFTA), he noted.

 

However, Minh said, European enterprises in Vietnam said they have benefited more from the EVFTA as the country’s export to the EU mainly came from FDI firms.

 

EuroCham member businesses and even those that have yet to invest in Vietnam expressed their hope that the EU-Vietnam Investment Protection Agreement (EVIPA) will soon be approved and take effect, paving way for European firms to expand investments in the Southeast Asian nation.

 

Minh also cited the Business Climate Index (BCI) released by EuroCham showing that European business stakeholders’ confidence in Vietnam’s investment environment declined slightly in the second quarter of this year to 68.8% due to external factors.

 

Up to 60% of respondents predicted that the Vietnamese economy would stabilise or improve in the third quarter of 2022, 45% were significantly or moderately satisfied with Vietnam’s efforts to attract and retain foreign direct investment (FDI), and 76% expected to increase FDI in the country before the end of the third quarter.

 

55% of respondents said Vietnam improved its FDI attraction and retention capabilities since the first quarter.

 

Regarding the link between green growth and FDI, nearly 90% of respondents said that Vietnam should increase green economy development to attract more foreign investment.

 

Minh said apart from the above-said advantages, Vietnam’s improved administrative procedures have also helped to attract foreign investors, including those from the EU.

 

He also noted that many EU enterprises are still concerned about specialised inspections in Vietnam, which remain overlapping./.

 

Source: Vietnam News Agency

 

Posted on

French Community of Belgium wishes to partner with Vietnam in French teaching for tour guides

The French Community of Belgium (Federation Wallonie-Bruxelles), with its expertise and experience in education and training, wishes to focus on collaborating with Vietnamese partners and universities in teaching French language serving tourism activities – a promising cooperation area, said Prime Minister of the community Pierre-Yves Jeholet.

 

Jeholet noted that as Vietnam has put COVID-19 under good control, the country has welcomed a large number of tourists, 40% of whom speak French.

 

He said that the partnership between the community and Vietnam has been growing despite COVID-19 impacts, with the community just marking its 25 years of presence in Hanoi.

 

Over the past 25 years, the ties have been thrived in all aspects, he said, stressing that today, more than ever, for the French Community of Belgium, Vietnam has always been a priority partner in all fields from health care, culture, society, to academic and economic cooperation as well as French language promotion because Vietnam is a member of the International Organisation of La Francophonie (OIF).

 

He said that in the middle of next month, he will make a visit to Vietnam to further strengthen bilateral cooperation in many areas, especially education and scientific research, and discuss the outcomes of bilateral cooperation over the past 25 years.

 

Vietnam and the French Community of Belgium set up their relations in 1993. In 1996, the Office of the Wallonia-Brussels delegation was established in Hanoi.

 

All 783 joint projects between the two sides have produced fruitful results, he said, adding that 805 Vietnamese students have received scholarships and 2,000 experts have been exchanged.

 

Bilateral partnership has concentrated on areas such as health care, environment, new technology, tertiary training, scientific research, culture and French language promotion. Wallonia-Brussels has made considerable contributions to the development of the network of family doctors in most Vietnamese localities.

 

Source: Vietnam News Agency

Posted on

Conference held to launch NA’s supervisory programme for 2023

The National Assembly (NA) Standing Committee held a conference on September 27 under the chair of NA Chairman Vuong Dinh Hue and Vice Chairman Tran Quang Phuong to launch the parliament’s supervisory programme for 2023.

 

The event, connected with 49 NA deputy delegations of localities via videoconference, is the second of its kind in the 2021 – 2025 tenure as an initiative of Chairman Hue to promote reforming and improving the NA and its Standing Committee’s performance.

 

Vice Chairman Phuong said apart from making laws and decisions on important issues, the NA’s Party delegation and the NA Standing Committee have also paid attention to taking concerted measures to reform and improve the parliament’s supervisory activities.

 

During the meeting, legislators will discuss measures for improving the NA’s supervision over two issues next year, namely the mobilisation, management, and use of resources for COVID-19 prevention and control; and the implementation of the NA’s resolutions on the national target programmes on new-style countryside building for 2021 – 2025, sustainable poverty reduction for 2021 – 2025, and socio-economic development in ethnic minority and mountainous areas for 2021 – 2030.

 

They will also give opinions on two issues under the NA Standing Committee’s supervision in 2023, namely the implementation of the parliament’s resolutions on reforming the curriculum and textbooks of general education, and the enforcement of policies and law on energy development during 2016 – 2021.

 

The conference will also discuss ways to improve the coordination in supervisory activities, the organisation of question-and-answer activities, supervision enhancement to prevent and fight corruption, and measures for increasing the NA Standing Committee’s directions, supervision, and guidance for activities of People’s Councils./.

 

Source: Vietnam News Agency

Posted on

Vietnam inflation still under control: economists

Economists have forecast Vietnam’s inflation will be kept at around 3.3-3.8% this year, similar to the National Assembly-set target of below 4%, adding that the pressure for 2023, however, remains huge and requires appropriate response solutions.

 

According to Deputy Director of the Vietnam Institute for Economic and Policy Research (VEPR) Nguyen Quoc Viet, inflation in many countries over the world posted a record high in the first months of 2022. Global inflation is projected from 7.25-9.4% this year and 4-6.5% next year.

 

The inflation pressure has forced central banks to tighten their monetary policies, which poses a risk of increasing economic recession.

 

In Vietnam, to control inflation under 4%, the Government and relevant agencies have taken flexible measures, from controlling market liquidity to flexibly combining fiscal policies and exempting or reducing taxes and fees of essential and strategic commodities.

 

Thanks to these measures, the country’s inflation in the first eight months of 2022 was 2.58% year-on-year, higher than the 1.67% of the same period last year but lower than the average of the similar period of the 2018-2020 period.

 

Economist Le Xuan Nghia pointed to five solutions that need to be carried out in the remaining months of this year, namely persisting measures to stabilise macro-economy, prices and curb inflation; maintaining those to boost sustainable growth; providing support in terms of capital and market access for people and businesses; solving shortcomings of the business environment and labour shortage problems; and better forecast and policy assessment works./

 

Source: Vietnam News Agency

 

Posted on

Hung Yen pledges maximum support to foreign investors

Hung Yen is willing to give maximum support to foreign businesses, including those from Taiwan (China), stated Chairman of the provincial People’s Committee Tran Quoc Van while working with a delegation of Taiwanese electronics firms in the locality on September 26.

 

The official briefed the representatives on the local potential and advantages, especially in transport infrastructure, production space, and constant policies.

 

Located in the centre of the Northern Key Economic Region and the eastern development corridor of Hanoi-Hai Phong-Quang Ninh, a dynamic economic centre and driving force of Vietnam, Hung Yen has recorded high economic growth with various supporting policies for businesses, he said.

 

Van noted that local industrial parks and clusters have hosted more than 2,100 projects, including 500 by large-scale investors from 20 countries and territories with combined capital nearing 6 billion USD. Of the total, 11 are run by Taiwanese firms with a total capital of nearly 82 million USD.

 

He said that Hung Yen is always ready to support foreign investors, including those from Taiwan, in all investment stages, especially in administrative procedures.

 

The Taiwanese hailed the infrastructure system of Hung Yen, especially the land reserve for factory construction, power supply and pollution treatment systems, as well as its port services, high-quality human resources and incentives for investors in electronics, high technology and green energy development.

 

They showed their interest in cooperating with Hung Yen in constructing factories to manufacture semi-conductor and electronic products.

 

During their visit, the delegation toured the 300-hectare Ly Thuong Kiet IP in Yen My, An Thi and Khoai Chau districts, the 245-hectare Thang Long II IP in Yen My district and My Hao town, and Ecopark urban project and Ocean Park 2 project in Van Giang district./.

 

Source: Vietnam News Agency

Posted on

Seven enterprises assigned to import over 100,000 tonnes of sugar

Seven enterprises were assigned tariff quotas with a total volume of 109,000 tonnes at a recent sugar import auction organised by the Ministry of Industry and Trade (MoIT).

 

Of which, five enterprises were assigned to import raw sugar and the others refined sugar.

 

The auction took place on September 23, with the participation of eight enterprises, including six registering to import raw sugar and two refined sugar.

 

Deputy Minister of Industry and Trade Tran Quoc Khanh said that to ensure a fair competitive environment between domestically produced sugar and imported sugar, the MoIT issued Decision No 1569/QĐ-BCT dated August 5 this year on the establishment of the Council for the allocation of tariff quotas for sugar imports through the auction method.

 

According to the plan announced in Decision 1649/QĐ-BCT dated August 22 by the ministry, the amount of imported sugar allocated by auction method is 113,000 tonnes this year, including 79,000 tonnes of raw sugar and 34,000 tonnes of refined sugar.

 

The Deputy Minister also said sugar importers will be subject to trade remedy tax of the Ministry of Industry and Trade if they import sugar from countries on the list of taxable countries.

 

Previously, the MoIT signed and promulgated Decision No 1578/QĐ-BCT applying anti-dumping tax and official anti-subsidy tax on a number of cane sugar products from Thailand on June 15 last year.

 

The ministry continued to issue Decision No 1514/QĐ-BCT applying measures to prevent evasion of trade remedies for a number of cane sugar products imported from Cambodia, Laos, Malaysia, Indonesia, Myanmar on August 1./

 

Source: Vietnam News Agency

 

Posted on

Indian Cadet Corps’ delegation visit HCM City

Deputy Secretary of the Ho Chi Minh Communist Youth Union (HCM CYU) in Ho Chi Minh City Truong Minh Tuoc Nguyen on September 26 hosted a reception for a delegation of the Indian National Cadet Corps led by its Director General, Major General Rajesh Negi.

 

Nguyen said the visit contributes to fostering the traditional friendship between the two countries in general and the increase of their youth cooperation in particular.

 

For his part, Negi underlined the need to have more exchange activities between the two nations, and to design specialised topics for their youth to exchange and learn more from each other’s experience.

 

The two sides discussed and agreed on the necessity to continue exchange activities and visits and to create opportunities for young people of the two countries to share experience, contributing to strengthening the growing friendship between the two countries in general and their youth in particular.

 

Besides cultural exchange activities, the youth of the two countries will have more cooperative activities such as creative start-ups, information technology, digital transformation, medical development./.

 

Source: Vietnam News Agency