Tremendous room remains for Vietnam-RoK trade growth

Trade between Vietnam and the Republic of Korea (RoK) has witnessed a strong growth over the past time, with tremendous room noticed for future development of the ties. President Nguyen Xuan Phuc’s ongoing visit to the East Asian nation from December 4-6 is expected to open a new phase in countries’ relations, bringing bilateral cooperation to a new height.

 

Since establishing diplomatic relations in 1992, the bilateral trade turnover has increased by 162 times, from 480 million USD in 1992 to 78 billion USD in 2021. The value is projected to hit 90 billion USD this year and exceed 100 billion USD in 2023.

 

The RoK is Vietnam’s third biggest trade partner, while Vietnam is the RoK’s largest trade partner in ASEAN.

 

Commenting on the trade relationship, a representative of the Ministry of Industry and Trade’s Asia-Africa Market Department said that the export structure of the two countries is complementary. The RoK is a market with a rich purchasing power, so the room for Vietnamese exports to the country is large.

 

Moreover, the East Asian nation is one of the few countries that has signed many bilateral and multilateral free trade agreements (FTAs) with Vietnam, such as the ASEAN-RoK FTA; Vietnam – RoK FTA (VKFTA); and Regional Comprehensive Economic Partnership (RCEP).

 

The nations’ two-way trade was more than doubled last year compared to 2015, when they signed the VKFTA. In which, Vietnam’s exports to the RoK in 2021 reeled in 21.9 billion USD, 2.4 times higher than the 8.9 billion USD posted in 2015.

 

This year, the Korea Trade and Investment Promotion Agency (KOTRA) Hanoi plans to organise 75-80 business matching events to create cooperation opportunities for 1,300 Korean enterprises and more than 1,200 Vietnamese enterprises, serving the countries’ target of 100 billion USD in bilateral trade.

 

Head of KOTRA Hanoi’s office Tran Thi Hai Yen said it has so far run 58 events, linking 850 Korean businesses to nearly 900 Vietnamese importers./.

 

Source: Vietnam News Agency

Seven more prosecuted in bribery case at foreign ministry

 

The investigation agency under the Ministry of Public Security has issued decisions to prosecute, arrest and search the residences and workplaces of seven more individuals for their involvement in a bribery case at the Ministry of Foreign Affairs, and in Hanoi and some other cities and provinces.

 

Of them, three are prosecuted for “taking bribes” – Vu Hong Quang, 45, deputy head of the Air Transport Bureau of the Civil Aviation Administration of Vietnam; Vu Ngoc Minh, 61, former official of the Vietnamese Embassy in Angola; and Ly Tien Hung, 53, former official of the Vietnamese Embassy in Russia, who is now working for the Ministry of Education and Training’s Department of Science, Technology and Environment.

 

Three are prosecuted for “giving bribes” – Nguyen Thi Hien, 35, a freelance labourer; Dao Minh Duong, 51, Chairman of Vijasun JSC; and Nguyen The Dung, 42, Director of Luxury Tour Co., Ltd.

 

Pham Thi Kim Ngan, 40, an official of the Government Inspectorate’s magazine, is prosecuted for “bribery brokerage.”

 

The investigation agency continues investigating into the bribery case.

 

Several senior officials have been arrested and prosecuted in the case, including a deputy foreign minister, the head and deputy head of the Consular Department under the Foreign Ministry, and an assistant to the Standing Deputy Prime Minister./.

 

Source: Vietnam News Agency

Vietnam, Venezuela boast potential for fishery cooperation: Ambassador

Vietnam and Venezuela have favourble conditions to bolster cooperation in fisheries, Vietnamese Ambassador Le Viet Duyen said while addressing a recent forum.

 

The ambassador’s attendance at the fishery forum and his recent working visit to Maracaibo city in Zulia state were intended to promote trade ties between Vietnam and Venezuela.

 

The diplomat noted that Vietnam’s fishery export ranks third in the world, only after China and Norway, with annual revenue of nearly 1 billion USD.

 

Regarding the trade ties between Vietnam and Venezuela, he said in the first 10 months of 2022, the two-way trade increased 700% year-on-year, stressing that after 15 years of establishing the comprehensive partnership, the two countries have signed more than 50 bilateral cooperation agreements, including those on fisheries.

 

Pointing out that the bilateral fishery cooperation has yet to match potential of both sides, Duyen suggested parliamentarians, leaders of ministries and agencies, and scholars of Venezuela coordinate with the Vietnamese side to set up cooperation mechanisms and sign technical deals to facilitate fishery and food trading, covering food safety and hygiene.

 

Venezuelan Minister for Fisheries and Aquaculture Juan Carlos Loyo spoke highly of Vietnam’s economic achievements, particularly those in fisheries, and expressed his hope that the Southeast Asian nation will share  its experience in this field.

 

The participating Venezuelan parliamentarians, officials, scholars and businesses said they will work to seek cooperation mechanisms with Vietnam in economy, trade and investment in general and fisheries in particular./.

 

Source: Vietnam News Agency

Vietnamese culture fair held in Mexico

A Vietnamese cultural fair took place at Lincoln Park in Mexico City on December 3-4 to introduce the history, cultural traditions and many beautiful images and of land and people of Vietnam.

 

The event, which saw the participation of representatives of diplomatic missions, municipal authorities, friends and local people, was part of a series of cultural exchange activities jointly organised by local authorities and the diplomatic corps.

 

Addressing the opening ceremony, Vietnamese Ambassador to Mexico Nguyen Hoanh Nam highligthed the cohesion of Vietnam-Mexico relations in various fields from politics, economy, culture to people-to-people diplomacy.

 

He  expressed his hope that through cultural exchange activities, Mexicans will understand more about a peace-loving, dynamic and hospitable Vietnam, thus helping to strengthen the fine relations between the two countries.

 

Lourdes Pozo Pietra Santa, head of the Foreign Relations Division of Miguel Hildango district, the central area of the capital where many international diplomatic missions are located, highlighted the importance of the Vietnamese culture space, and said that local authorities and people are very happy to have the opportunity to participate in typical cultural activities such as this fair.

 

At the event, in addition to folk art performances, the Vietnamese Embassy displayed paintings and photos featuring Vietnam’s landscapes and handicraft items. Visitors enjoyed typical Vietnamese dishes./.

 

Source: Vietnam News Agency

Bac Lieu boasts advantages to develop sustainably, sustainably: PM

With its potential, advantages and opportunities, the Mekong Delta province of Bac Lieu would promote green, rapid, sustainable socio-economic development, especially high-tech agriculture, renewable energy, trade, services and tourism, Prime Minister Pham Minh Chinh said at a working session with local leaders on December 4.

 

The PM lauded the province for its efforts and achievements in different spheres, and pointed to limitations in the locality such as high inflation and low public investment disbursement, along with problems regarding foreign direct investment (FDI), health care and education infrastructure, competitiveness index, and personnel quality.

 

To grow green, rapidly and sustainably, Bac Lieu should maximise its internal resources, step up infrastructure development, push ahead with decentralisation, and pay more attention to the planning work, he said.

 

The leader suggested the locality utilise its strengths to boost high-tech agriculture, tourism and services.

 

In agriculture, more attention should be paid to rice and shrimp, the fight against illegal, unreported and unregulated (IUU) fishing, and the One Commune, One Product (OCOP) programme, he said.

 

For industry, Chinh asked the province to continue developing renewable energy, turning itself into a national centre of clean energy, and enhance the processing sector associated with key agricultural products.

 

He also stressed the need to improve the quality of and diversify tourism products, and utilise its traditional culture and history to boost tourism.

 

At the working session, the PM noted that the Government has established working groups to deal with emerging issues relating to the credit, real estate, and corporate bond markets, and asked Bac Lieu to coordinate with the working groups when necessary.

 

He urged the locality to ensure social welfare, especially during the upcoming Tet (Lunar New Year) holidays, and speed up public investment disbursement and the implementation of national target programmes and another on socio-economic recovery and development.

 

According a report of the provincial Party Committee, Bac Lieu expects to fulfil 15 out of 20 socio-economic targets set for this year. Its GRDP is hoped to grow 9.6%, and its State budget collection is estimated at over 4.1 trillion VND (168.27 million USD), surpassing the estimate by 25.7 percent and up 10.7% year-on-year./.

 

Source: Vietnam News Agency

President meets RoK-Vietnam friendship, cooperation organisations

Right upon his arrival in Seoul on December 4, President Nguyen Xuan Phuc had a series of meetings with organisations which have made significant contributions to the Vietnam-Republic of Korea (RoK) friendship, economic-cultural cooperation, and people-to-people exchanges.

 

Hosting a representative of the Ly family in the RoK, the President affirmed that the Vietnamese State and people are happy about and proud of the family’s success as well as contributions to both nations and their relations.

 

The State leader recommended they continue organising delegations to visit Vietnam on holidays, introduce Vietnam’s market and investment conditions, encourage Korean businesses to invest in the country, and promote Vietnamese culture among Korean people, making an important contribution to the bonding between the nations.

 

The representative said with the support of the Vietnamese embassy, the family’s activities for exchange and cooperation promotion have been launched smoothly and effectively.

 

Expressing his delight at the strong development of the nations’ ties, he wishes to receive further attention from the President and relevant Vietnamese agencies, especially regarding projects to promote Vietnam-RoK economic and people-to-people exchanges that are being implemented by his family.

 

Receiving the RoK-Vietnam Friendship Association (KOVIFA), Phuc wished and believed that the association will continue taking the lead and promoting its role in people-to-people exchange works and boosting the nations’ multifaceted collaboration.

 

It is also necessary to encourage Korean firms to step up investment and trade cooperation with Vietnam; and to support the 200,000-member Vietnamese community in the RoK, especially families of Vietnamese brides married to Korean citizens, the President noted.

 

KOVIFA’s representative hoped more assistance from Vietnam’s competent agencies, sectors and social organisations will come in aid of its friendship exchange activities.

 

At the meeting with the Korea and Vietnam Economic and Cultural Association (KOVECA), the President suggested it further promote the two countries’ cooperation plans and projects, especially in the fields of high technology, renewable energy, new environmentally friendly industries, technology transfer,  and medicine in the face of epidemics.

 

KOVECA’s representative stressed a belief that Phuc’s visits will open up key collaboration opportunities for the sides across spheres.

 

President Phuc also received the Korea Eminent Person Group (EPG), which former ambassadors and leading experts of the two countries in diplomacy, economy, culture and society.

 

He acknowledging their active works in running many research and quality exchange activities, and making of many correct assessments and substantive and meaningful proposals for strengthening the two countries’ cooperative relations.

 

He said he believes that a report, which is currently being jointly developed by the group to be submitted to the two governments, will be of good quality and have practical value.

 

The EPG’s reprentative hoped the report will make a positive contribution to the governments’ policies planning to promote bilateral engagements, deepening the countries’ relations toward effectiveness for the mutual benefits and for cooperation and development in the region and the world.

 

Also on the day, President Phuc had meeting with staff of the Vietnamese Embassy and representatives of the Vietnamese community in the RoK./.

 

Source: Vietnam News Agency

FootballCoin Announces World Cup-Inspired Fantasy Football Contests

The Fantasy Football World Cup 2022 is finally here.

Featured Image for FootballCoin

Featured Image for FootballCoin

LONDON, Dec. 03, 2022 (GLOBE NEWSWIRE) — FootballCoin, a blockchain-powered fantasy football game, has announced the launch of the Fantasy Football World Cup 2022. The World Cup-inspired contests provide players with the opportunity to collect all of the player NFTs available in-game, as well as earn crypto prizes. Established in 2017, FootballCoin was built using blockchain technology. Today, it has blossomed to become one of the oldest play-to-earn games in the crypto space.

An entirely free-to-play game, FootballCoin features cryptocurrency prizes that can be won and converted into real money. However, this game does not involve gambling of any kind. Instead, players are challenged to leverage their football knowledge in order to win prizes such as collectible player cards that live on the blockchain, unique NFTs that can be used to enhance a user’s fantasy football squad, and other daily prizes.

FootballCoin will host World Cup fantasy football contests for every match in the tournament. Players can earn attractive bonus prizes by participating in two new challenges during this special event. The first of the two new challenges will reward the best FootballCoin team managers based on total points (coefficient) accrued during the World Cup. The second challenge will reward the managers who achieved the best total score (points gathered from official contests and private contests).

The top leaders in each category can expect to win prizes of up to 50.000 XFC (native cryptocurrency of the game). XFC is freely transferable by FootballCoin users both inside and outside of the game. The token can be traded for Bitcoin and other cryptocurrencies on exchanges such as WhiteBit, and it can also be used to pay competition fees or purchase footballer and stadium cards in-game.

FootballCoin features contests from 11 international leagues, with over 400 collectible player cards currently available on the market. Users can also compete to own one or more of the 49 legendary stadiums available through the game.

Getting started with FootballCoin is simple. Players can create an account on the FootballCoin website, where they will then be prompted to select the contests they wish to compete in with their future team. Once the contest selection is completed, players can immediately begin crafting their dream team before advancing to competitions where they can win cryptocurrency and other digital prizes.

To play FootballCoin and participate in the upcoming fantasy World Cup opportunities, please visit https://www.footballcoin.io.

About FootballCoin

FootballCoin is a blockchain-powered fantasy football game established in 2017. It’s a free Web 3 game that endorses a play-to-earn model. The company’s vision is to create a bridge between the worlds of professional sports and crypto.

Contact Information:
Media Team
support@footballcoin.io

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