Day: October 28, 2022

A cultural space dedicated to late President Ho Chi Minh was inaugurated on October 28 at the Tue Thanh Assembly Hall (or Thien Hau pagoda), a place for cultural and spiritual activities of the Hoa ethnic people and a famous tourist destination in Ho Chi Minh City’s District 5.

 

The space introduces images on the life and career of the late leader and his activities in building a great national solidarity block, and showcases the operation of the assembly hall regarding the studying of and following President Ho Chi Minh’s thought, morality, and lifestyle.

 

Tran Chi Hao, deputy head of the assembly hall’s board of directors, said that the cultural space aims to introduce and spread unique culture and values of Vietnam and of the late President’s thought, morality and style.

 

On the same day, a similar space was also launched at the Thien Ton pagoda in the district, which is densely populated by the Hoa ethnic people.

 

The launch of the spaces at religious establishments and assembly halls of the Hoa ethnic people is part of the activities of the municipal chapter of the Vietnam Fatherland Front (VFF) Central Committee to celebrate the 92nd Traditional Day of the VFF (November 18, 1930 – 2022)./.

 

Source: Vietnam News Agency

 

Border guards in the Mekong Delta province on October 28 received 67 Vietnamese citizens returning from Cambodia at the Ha Tien International Border Gate.

 

They were previously scammed into going to Cambodia for jobs with high salary and then forced to work in fraudulent establishments and organisations owned by foreigners.

 

Sixty-five of the group was found without legal entry, residence, and work permits by the Cambodian competent agency during an inspection of a company in Preah Sihanouk city in the province of the same name. They were then assisted by the Vietnamese General Consulate in the province and local authorities before their repatriation.

 

Kien Giang receives more Vietnamese returning from Cambodia hinh anh 2

 

Vietnamese and Cambodian officers sign a record on the reception of 67 Vietnamese citizens back home. (Photo: VNA)

 

So far this year, the force at the border gate has received more than 700 Vietnamese citizens repatriated from Cambodia./.

 

Source: Vietnam News Agency

The trade turnover between Vietnam and the Republic of Korea (RoK) reached 66.8 billion USD in the first nine months of this year, up 18.2% year-on-year, and the set target of 100 billion USD will be fulfilled by 2023 if the pace is maintained, heard a meeting in Hanoi on October 28.

 

The 19th meeting of the Intergovernmental Committee for Economic–Commercial and Scientific–Technological Cooperation was co-chaired by the Vietnamese Ministry of Planning and Investment (MPI) and the Korean Ministry of Foreign Affairs.

 

It reviewed cooperation between the two countries since the previous meeting, and outline cooperation orientations in the time ahead. Specifically, participants compared notes on solutions to forge collaboration in trade, investment, labour and social affairs and development cooperation.

 

The MPI reported that the Vietnam-RoK relationship has made progress across spheres over the past years. Since the establishment of the bilateral diplomatic ties 30 years ago, cooperation between the two countries has seen outstanding developments in all fields, bringing interests to both sides and helping promote mutual trust and understanding.

 

As of September 2022, the RoK had run some 9,438 valid projects worth 80.5 billion USD, ranking first in terms of registered capital and project number in Vietnam, according to Do Van Su, head of the MPI’s Foreign Investment Agency (FIA).

 

He noted that Korean firms continue playing an important role in the Vietnamese economy, making up about 30% of the country’s combined export value.

 

Last year, the RoK was Vietnam’s third biggest trade partner, after China and the US, with two-way trade hitting 78 billion USD, a year-on-year rise of 18.2%. The RoK was also Vietnam’s fourth biggest buyer and second biggest supplier, said Nguyen Duy Kien from the MPI’s Asia-Africa Market Department.

 

MPI Deputy Minister Tran Quoc Phuong stressed the significance of both new and existing projects to Vietnam in the context of the global economy and trade recovering after the COVID-19 pandemic.

 

Therefore, Vietnam will create the best possible conditions for Korean firms to invest and expand operations in the country, he pledged.

 

Korean Deputy Foreign Minister Yun Eeong Deok briefed the participants on obstacles to Korean investors in Vietnam, and suggested the Southeast Asian nation work to remove them.

 

The Vietnamese side proposed the Korean Government encourage big groups of the RoK to pour investments into Vietnam’s priority areas like high tech, electronics, renewable energy, infrastructure development, the construction of intensive technology clusters, and high-quality agriculture.

 

Regarding official development assistance (ODA), Director of the MPI’s External Economic Pham Hoang Mai noted that Vietnam has received about 20% of the RoK’s total ODA.

 

The East Asian nation’s total assistance to Vietnam has been valued at more than 500 million USD recently, with 90% ODA and 10% non-refundable aid, the official added.

 

In terms of development cooperation, priorities have been given to transport and urban infrastructure, health care, education-training, environment, clean energy and IT.

 

Apart from ODA, the RoK has been ready to provide Vietnam with preferential credit loans through a financial cooperation framework to support the Southeast Asian nation in implementing large-scale infrastructure projects.

 

The meeting also sought ways to boost collaboration in industry, energy, transport infrastructure, construction and finance-banking.

 

The two sides agreed to step up exchanges and the sharing of information in the time ahead.

 

Vietnam will call for more the ODA and preferential loans from the RoK, and suggest the country facilitate Vietnam’s export of some agricultural products and food, and joint efforts to raise the two-way trade to 100 billion USD by 2030 and 150 billion USD by 2050./.

 

Source: Vietnam News Agency

 

Malaysia’s furniture exports recorded a sharp increase of 18% in the first seven months of 2022 as compared to the same period last year, despite many challenges facing the industry, the Malaysian Furniture Council (MFC) has said.

 

Addressing the Reka Interiors Exhibition (RiX) 2022 on October 27, MFC President Khoo Yeow Chong said that total overall furniture exports, including wooden furniture, stood at 8.5 billion RM as compared to the figure of 7.2 billion RM in the same period in 2021.

 

He also affirmed that this robust growth was attributable to the efforts of the Malaysia External Trade Development Corporation (MATRADE) and the Malaysian Timber Council (MTC) to actively promote furniture products around the globe.

 

Wooden furniture exports in the period amounted to 6.93 billion RM, a 14.4% increase from the same period last year, and the appreciation of the US dollar also contributed to this increase in export value, the Malaysian Timber Council (MTC) chief operations officer Noraihan Abdul Rahman said./.

 

Source: Vietnam News Agency

 

A Facebook account owner in Hanoi was sentenced on October 27 to two years in prison for posting false information that affected businesses and harmed the stock market.

 

Dang Nhu Quynh, 42, was found guilty of “abusing the rights to freedom and democracy to violate interests of the State, rights and legitimate interests of organisations and individuals” under Article 331 of the Penal Code, by the People’s Court of Nam Tu Liem district.

 

According to the indictment, since 2019, Quynh has used his personal Facebook account to post his own writings or share unverified information online. By April 2022, the account had over 300,000 followers.

 

On April 2, after learning that several business leaders in the finance and real estate sectors were arrested, Quynh posted that Do Anh Dung, chairman of property developer Tan Hoang Minh, has been dealt with by the law.

 

After authorities issued official announcements on the issue on April 5, Quynh edited his posts to make readers believe that he already knew that information.

 

He also posted information that Nguyen Van Tuan – Chairman of the Board of Directors cum General Director of Gelex Group JSC, who is also Chairman of the Board of Directors of Viglacera Corporation, has also been under investigation. On April 6, Quynh made two posts about the chairman, along with his pictures, claiming he will be arrested.

 

The posts went viral, and for the six subsequent days, the companies’ stocks were sold in large numbers, making their value plunge, causing panic among investors.

 

Quynh was arrested on April 13./.

 

Source: Vietnam News Agency

 

Vietnam should enhance cooperation between State management agencies and commodity associations to jointly build a value chain for Vietnam’s livestock industry.

 

Deputy Minister of Agriculture and Rural Development Phung Duc Tien made the statement at a conference on building the livestock value chain held in Hanoi on October 27.

 

Tien proposed enterprises producing the same product as well as operating in the same value chain strengthen their cooperation in production and business. That would help the agriculture sector reach targets set out in the sector’s development strategy.

 

“It needs to set up strategies and create a close connection between State management agencies and the commodity associations. This will improve the position and role of the associations and also exploit all potential of the industry,” Tien said.

 

Duong Tat Thang, director of the ministry’s Department of Livestock Production, said that the domestic livestock industry still has a lot of room for development because it has a large consumer market at home with nearly 100 million people, and the neighbouring China market. However, the industry still has many limitations, so not yet reaching requirements in the region and the world.

 

The livestock industry is requested to focus on improving quality and value for meeting the demand for delicious and clean food. This requires the industry to build a value chain of livestock products, ensuring quality, food safety and hygiene.

 

Nguyen Xuan Duong, deputy chairman of the Vietnam Livestock Association, said the livestock industry now has a strategic orientation, specific plans, solutions and a relatively complete legal framework.

 

The livestock sector has key products, such as pork, poultry meat and eggs; beef and milk; birds nests; and bees. It must have a chain-based development strategy for each product line, he said.

 

Nguyen Thanh Son, chairman of the Poultry Breeding Association, said the industry needs to determine key products in the next 10-20 years, production and consumption scale, and the role of parts in the chain, including enterprises, farmers, and cooperatives.

 

At present, foreign-invested enterprises are gradually occupying both domestic and export market share of the livestock sector.

 

Sơn has suggested that the Ministry of Agriculture and Rural Development create a favourable mechanism for commodity associations and enterprises to develop the livestock industry.

 

Vietnam has no law on associations, so the ministry is requested to issue regulations and mechanisms for the operation of associations in agriculture.

 

Tien said the livestock industry has a relatively complete institutional framework, including the Law on Livestock, three decrees, five circulars, one development strategy of the livestock industry, and one sustainable development strategy on agriculture and rural areas.

 

From 2010 to 2021, the industry saw an increase of 1.7 times in meat production, 2.7 times for eggs, four times for fresh milk, and about two times in animal feed. The output of meat, eggs and dairy basically met the needs of nearly 100 million people and 17 million tourists each year.

 

“The livestock accounted for 25.2 per cent of the agricultural sector’s GDP with a steady growth of 4-6% each year over the past 10 years,” said Tien.

 

However, Vietnam’s livestock production still faces challenges in terms of diseases, climate change and natural disasters, as well as fluctuations in the market for raw materials for animal feed.

 

Meanwhile, Nguyen Van Trong, deputy chairman of the Vietnam Farms Association, said domestic enterprises have not yet seen the benefits of joining the association, causing the number of members to fall.

 

Trong said the associations should promote cooperation with cooperatives and farmers. They also need to coordinate with the Department of Livestock Production to build a traceability system./.

 

Source: Vietnam News Agency