Global Robotics Services aims to turn Vietnam into world robotics hub

 

Choosing Vietnam as its first destination in Southeast Asia, the Global Robotics Services (GRS) is ambitious about developing the market, opening its factory here, and turning the country into a robotics hub of the world.

 

In an interview with the Dien dan Doanh nghiep (Business Forum) magazine, CEO of the GRS Chen Hong Ming assessed that Vietnam has a dynamic economy growing at an average annual rate of 8-9% with a large potential for investment attraction, hence an important role of logistics.

 

GRS is a robotics arm of GLP, a leading global investment manager and business builder operating across Brazil, China, Europe, India, Japan, the US and Vietnam. It offers customers logistics operations solutions through robotics and has so far reaped success in the many markets including Japan and China.

 

Landing in Vietnam, the firm wants to make Vietnam a leading nation in robotics services, said Chen when unveiling GRS’s long-term plan of opening its factory in the market and developing Vietnam into a global robotics hub.

 

He said the business wishes to receive support from the Vietnamese Government in terms of land and tax.

 

Chen cited statistics showing that about 10% of the total number of warehouses worldwide are automated, and the percentage for Vietnam is 2-3%. Therefore, room for growth in the field is extensive as the growth speed of the automation market is at 25%.

 

With its large population, dynamic labour, and developing economy, Vietnam has a great chance to catch up with other nations in Asia and reach the international level in automated logistics after a decade, he said./.

 

Source: Vietnam News Agency

PM Pham Minh Chinh meets with Indonesian President in Phnom Penh

Prime Minister Pham Minh Chinh met with Indonesian President Joko Widodo on November 11, on the sidelines of the 40th and 41st ASEAN Summits in Phnom Penh, Cambodia.

 

PM Chinh affirmed that Vietnam always treasures and wants to further develop its traditional friendship and strategic partnership with Indonesia.

 

To continue advancing the bilateral relations in a practical manner, the two leaders agreed on the need to coordinate together closely in implementing major cooperation orientations, with priority given to increasing the exchange of all-level visits.

 

They agreed to direct relevant ministries and agencies to promptly and effectively carry out agreements, particularly the action plan on the implementation of the strategic partnership for 2019 – 2023.

 

To create momentum for economic recovery, the two leaders shared the view on the necessity to promote two-way trade in a more balanced direction.

 

PM Chinh expressed his hope for more agricultural, aquatic, and food products of Vietnam to be exported to Indonesia.

 

President Widodo took note of PM Chinh’s request for measures to reduce Vietnam’s trade deficit with Indonesia and remove barriers to both countries’ exports.

 

The two leaders highly valued the close coordination between Vietnam and Indonesia within multilateral frameworks, especially the Association of Southeast Asian Nations (ASEAN) and the United Nations. They also concurred to strengthen ties to enhance ASEAN’s solidarity and centrality in the settlement of emerging global challenges./.

 

Source: Vietnam News Agency

 

VinFast to showcase four EV models at Los Angeles Auto Show 2022

Vietnamese automaker VinFast has announced that it will participated in Los Angeles Auto Show 2022 (LAAS 2022) scheduled to take place from November 17 – 28.

 

At the show, VinFast will display four all-electric SUV models, VF 6, VF 7, VF 8, and VF 9 which represent the most popular segments B-C-D-E. For the first time, US customers will experience the interior and exterior design details of the VF 6 and VF 7 models crafted by Torino Design.

 

Those in California will also be able to experience a VF 8 ride-along at the test track area at LAAS 2022. The activity affirms VinFast’s rapid development of the VF 8 model when it debuted as a show car at LAAS 2021.

 

Vingroup Vice Chairwoman and VinFast Chairwoman Le Thi Thu Thuy said returning to LAAS 2022 one year after revealing its EV brand, VinFast wants to show global audiences that the future of mobility is about to become a reality, and VF 8 vehicles are about to be delivered to customers all over the world.

 

“With four electric SUVs across all segments, flexible sales policies – with batteries included or with a battery subscription – VinFast offers diverse options to consumers, helping them easily access high-quality electric vehicles, reasonable prices and excellent services to move toward a greener and more sustainable future,” she said

 

A year after revealing the global EV brand, VinFast has received the support of customers around the world with more than 65,000 reservations for the VF 8 and VF 9 to date. It began delivering VF 8 vehicles to customers in Vietnam in September 2022 and is about to ship thousands of vehicles to international markets which are anticipated to arrive by the end of this year./.

 

Source: Vietnam News Agency

 

Copyright registrations rise up to 10% each year: Workshop

The registrations of copyright and relevant rights in Vietnam increased from 8-10% annually over the past years, heard a workshop held by the Copyright Office of Vietnam (COV) under the Ministry of Culture, Sports and Tourism in Hanoi on November 11.

 

More than 8,000 certificates were granted in 2019. The number exceeded 10,000 in 2020 and was almost maintained last year despite the COVID-19 and in the first ten months of this year.

 

Of the works seeking for certification, those in applied art made up 44%; music 25%; written works, 14%; and computer programme,13%.

 

COV Deputy Director Pham Thi Kim Oanh affirmed that Vietnam has paid due attention to intellectual property (IP) rights, including copyright and relevant rights, adding that individuals and organisations have been aware of the significance of copyright registration, especially amid the development of the digital environment.

 

At the third session of the 15th National Assembly, the Law on Amendments and Supplements to some Articles of the Law on Intellectual Property was adopted with 95% of approval votes.

 

At the workshop, participants raised opinions to improve the efficiency of the copyright-related affairs and perfect the legal system on the matter, which will be collected and presented to competent agencies by COV for consideration and approval./.

 

Source: Vietnam News Agency

Embassy promotes trade links between Vietnam, Italy’s Emilia Romagna region

 

Vietnamese Ambassador to Italy Duong Hai Hung has paid a working visit to the northern region of Emilia Romagna, which now accounts for more than 50% of the European country’s total export value to Vietnam, and attended a series of networking events between the local authorities and firms and their Vietnamese partners.

 

During the visit, taking place on November 8 and 9, the diplomat addressed a workshop that promoted investment cooperation between Binh Phuoc province in southern Vietnam and the Italian region.

 

He highlighted factors that contribute to Vietnam’s attraction to investors, including political stability, a golden workforce, a favourable business environment and benefits from the 15 free trade agreements that Vietnam is a member, including the EVFTA.

 

The ambassador recommended that Italian firms can invest in sectors suitable to Binh Phuoc’s attention and Emilia Romagna’s strength such as environmentally friendly high technology, financial service, logistics, support industries, industry, and high-tech agriculture.

 

Hung stated the embassy considers economic diplomacy a top priority and is willing to accompany and assist Vietnamese and Italian localities and enterprises in tapping potential of each other’s market and business-investment opportunities.

 

Meeting with Matteo Lepore, mayor of the region’s capital Bologna, the ambassador said the Vietnam-Italy traditional friendship and strategic partnership lay the basis for Vietnam and Bologna to team up in the sectors of small- and medium-sized enterprises, machine building, high-tech production, and high-quality human resources training.

 

Lepore affirmed the city’s willingness to accompany local business delegation to visit Vietnam seeking investment and trade opportunities and agreed to support the embassy’s organisation of cultural and economic activities in Bologna next year – when Vietnam and Italy will celebrate the 50th anniversary of their diplomatic relations.

 

While in the region, Hung visited President of the Italy-ASEAN Association Romano Prodi, who vowed to do his best in contribution to the development of Vietnam’s ties with Italy and the EU.

 

Hung proposed the official, who is also former President of the European Commission (EC) and former Prime Minister of Italy, help speed up Italy’s ratification of the EU – Vietnam Investment Protection Agreement (EVIPA), the EC’s removal of its yellow card for Vietnamese seafood, and implement a number of initiatives within the framework of the Italy – ASEAN development partnership./.

 

Source: Vietnam News Agency

 

Vietnamese, Cambodian National Assemblies enhance cooperation

Standing Vice Chairman of the Vietnamese National Assembly (NA) Tran Thanh Man held talks with First Vice President of the Cambodian NA Cheam Yeap in Phnom Penh on November 11.

 

The talks took place on the sidelines of the ASEAN Leaders’ Interface with Representatives of the ASEAN Inter-Parliamentary Assembly (AIPA) within the framework of the 40th and 41st ASEAN Summits and Related Summits.

 

Man congratulated the Cambodian legislature on successfully organising the interface, thus helping to enhance the roles and positions of AIPA and the Association of Southeast Asian Nations (ASEAN).

 

He thanked the Cambodian leaders and people for their valuable support and assistance to the Vietnamese people in their past struggle for national liberation and reunification, and the present cause of national construction, defence and development.

 

Vietnam always attaches importance to and gives top priority to enhancing the fine neighbourliness, traditional friendship, comprehensive cooperation and long-term sustainability with Cambodia, as well as the solidarity among the three Indochinese nations of Cambodia, Laos and Vietnam, Man said.

 

Vietnam also treasures cooperation with the Cambodian People’s Party (CPP), support its long-term ruling role in Cambodia, and is willing to assist the CPP in Party building, the NA leader said.

 

He told the host that Vietnamese NA Chairman Vuong Dinh Hue will lead a high-ranking delegation to pay an official visit to Cambodia and attend the 43rd AIPA General Assembly.

 

The visit, the first trip to Cambodia of Hue in his capacity as the NA Chairman, will contribute to developing the bilateral relations in a more intensive, practical and effective manner, and consolidating political trust between the two Parties, States and people of the two nations, Man added.

 

Cheam Yeap thanked the Vietnamese Party, Government and people for donating 25 million USD to the Lao NA to build its new headquarters.

 

He also expressed his gratitude to Vietnam’s support for Cambodia’s sound cause, and standing side by side in its efforts to protect sovereignty, independence and territorial integrity and peace, and boost socio-economic development and poverty reduction./.

 

Source: Vietnam News Agency

SBV asks commercial banks to support fuel traders

The State Bank of Vietnam (SBV) has issued a document instructing commercial banks to take all measures to support fuel traders.

 

SBV stressed the importance of fuel as a key commodity with direct and significant influence on the country’s macro-economic stability and people’s everyday lives, said the document.

 

Since the beginning of the year, SBV has been working closely with commercial banks to extend credit lines for fuel traders and to grant them favourable exchange rates.

 

As the global oil price continued to be volatile and the market facing disrupted supply, the Government of Vietnam has made it a high priority to ensure a stable supply for the domestic market.

 

The central bank was to implement financial support policies to best support fuel traders in accordance with existing regulations. Traders were advised to stay in close contact with commercial banks to plan ahead for their financial needs.

 

Meanwhile, the banks were to conduct comprehensive reviews to stay on top of the situation with an objective to streamline the process to make sure traders’ financial needs are met in a timely manner.

 

The central bank expects monthly reports from commercial banks on how and when they plan to support traders, including both retailers and importers who were encouraged to report to the SBV should they experience issues or delays.

 

During a discussion at the National Assembly, Minister of Industry and Trade Nguyen Hong Dien said support from the central bank was to play a crucial role in boosting traders’ financial capacity and easing the ongoing fuel shortage across the country.

 

The National Assembly (NA) has tasked Dien and his ministry with coming up with a plan to establish a stable supply of fuel and to efficiently operate the country’s fuel network.

 

Earlier last month, Minister of Finance Ho Duc Phoc proposed giving the Ministry of Industry and Trade (MoIT) full authority to adjust fuel prices, instead of the current joint authority between MoIT and the Ministry of Finance. Phoc said it would help streamline procedures and increase efficiency in fuel management.

 

Some industry experts voiced their support for the minister’s proposal, saying it may put an end to the blame trading recently between the two ministries. In addition, MoIT which currently oversees fuel trading and retail activities was in a much better position to come up with a price adjustment mechanism that balances the rights and benefits of traders and consumers.

 

“The proposal reduces the workload for the Ministry of Finance. In addition, it’s only logical for ministries which are in charge to adjust prices of certain commodities,” said NA Deputy Tran Van Lam, a member of the NA’s finance and budget committee.

 

A number of fuel stations have been reported to close in recent weeks with traders citing numerous difficulties in securing stock and suffering heavy financial losses since the beginning of the year./.

 

Source: Vietnam News Agency

ASEAN leaders adopt statement on Timor Leste’s membership application

 

Leaders of the Association of Southeast Asian Nations (ASEAN) have agreed in-principle to admit Timor-Leste to be the bloc’s 11th member, according to a statement adopted on November 11.

 

As per the ASEAN Leaders’ Statement on the Application of Timor-Leste for ASEAN Membership, the nation will be granted an observer status and allowed to participate in all ASEAN meetings, including the summit plenaries.

 

The leaders also agreed to formalise an objective criteria-based Roadmap for Timor-Leste’s full membership including based on the milestones identified in the reports of the Fact-Finding Missions conducted by the three ASEAN Community pillars, and tasked the ASEAN Coordinating Council (ACC) to formulate the Roadmap and report to the 42nd ASEAN Summit for adoption.

 

“All ASEAN Member States and external partners shall fully support Timor-Leste to achieve the milestones through the provision of capacity building assistance and any other necessary and relevant support for its full membership in ASEAN,” said the statement./.

 

Source: Vietnam News Agency