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The event gathered heads of N.A. agencies, ministries, and ministry-level agencies; representatives of some international organisations in Vietnam such as the U.N. Development Program (UNDP), the World Bank, the Asian Development Bank (ADB), the International Monetary Fund (IMF), and the International Labour Organization (ILO); along with economic experts and enterprises. N.A. Vice Chairman Hai said opinions raised at the consultation are a precious source of information for the law-making body to make decisions on important socio-economic issues. The forum is also a place for experts, scientists, and officials to express their in-depth, independent, and constructive viewpoints to boost quality and sustainable socio-economic development. He stressed that Vietnam has taken a number of measures to curb the COVID-19 pandemic, but the prolonged social distancing in many localities, including provinces and cities in key economic regions, industrial parks, and export processing zones, … [Read more...] about N.A., Gov’t officials consult with experts on socio-economic affairs

Can Van Luc, chief economist with state-owned lender BIDV, said at an economic forum Monday that severe impacts of the Covid-19 pandemic and ensuing social distancing campaign were main contributors to the Q3 fall in HCMC. If the prediction comes true, it would be the first time since 2000 that Vietnam records a negative GDP growth in a quarter. Revenue from services could fall over 10 percent in the third quarter, while some industries like footwear and beverage recorded a negative growth of 28 percent and 23 percent respectively in August. "A possible negative growth in the third quarter shows that this is the most challenging time for the economy, as social distancing measures in 25 localities, including Hanoi and Ho Chi Minh City have directly impacted manufacturing and services," Luc said. Other experts at the forum expressed similar concerns about the economy. Vu Thanh Tu Anh, dean of the Fulbright School of Public Policy and Management, said that GDP growth will be … [Read more...] about GDP to bounce back after Q3 fall

Sustainability is central to Bayer’s group strategy and an integral part of them company’s business strategies. The company’s innovations, products and services enable it to contribute significantly towards meeting the Sustainable Development Goals set by the United Nations. Both innovation and sustainability are crucial to achieving Bayer’s vision: “Health for all, hunger for none”. Since the COVID-19 outbreaks emerged, Bayer has accelerated this vision more and more. Although the goal will not be achieved overnight, it sets the foundation for Bayer’s future and serves as the mark by which it can measure all activity across the company. In particular, with scientific expertise and innovative strength, Bayer is convinced that it can make a significant contribution to address the global challenges of food security and health. Variety of efforts As Vietnam deals with the pandemic, Bayer has been working hard to bring the vision to bear in the country. Vietnam, like … [Read more...] about Bayer promoting sustainable Vietnam healthcare and agriculture

Chairman Vuong Dinh Hue (centre) chairs the meeting with experts in Hanoi on September 27. (Photo: VNA) Hanoi (VNA) – A consultation with experts on socio-economic affairs took place in Hanoi on September 27 under the chair of National Assembly (NA) Chairman Vuong Dinh Hue and Vice Chairman Nguyen Duc Hai. The event gathered heads of NA agencies, ministries, and ministry-level agencies; representatives of some international organisations in Vietnam such as the UN Development Programme (UNDP), the World Bank, the Asian Development Bank (ADB), the International Monetary Fund (IMF), and the International Labour Organisation (ILO); along with economic experts and enterprises. NA Vice Chairman Hai said opinions raised at the consultation are a precious source of information for the law-making body to make decisions on important socio-economic issues. The forum is also a place for experts, scientists, and officials to express their in-depth, independent, and constructive … [Read more...] about NA, Gov’t officials consult with experts on socio-economic affairs

Vietnam’s premier has directed relevant agencies to work with their foreign counterparts on reciprocal recognition of COVID-19 immunization certifications, often called 'vaccine passports,' to facilitate travel amid the pandemic. In a recent dispatch, Prime Minister Pham Minh Chinh asked the Ministry of Foreign Affairs and the Ministry of Health to promptly discuss the mutual recognition of COVID-19 vaccination certifications with competent authorities of ASEAN countries, EU member states, the U.S., China, Japan, and others. Such reciprocal recognition is important and necessary in the current context when many countries in the world have reopened their economies and brought socio-economic activities back under 'new normal conditions' while continuing to drive back the COVID-19 pandemic, PM Chinh said. 'Vaccine passports,' which may be in paper or electronic form, have been applied by some areas in the country as a means to welcome back international tourists in the coming time. … [Read more...] about Vietnam considers mutual recognition of ‘vaccine passports’ amid COVID-19

Vietnam’s tuna exports to EU see strong surge thanks to EVFTA Vietnam exported 15,870 tonnes of tuna worth 73.33 million USD to the European Union in the first half of 2021, up 39.3 percent and 31.6 percent, respectively, against the same period last year, according to a journal published by the Ministry of Industry and Trade (MoIT). The tuna shipments accounted for about 15.1 percent of Vietnam’s total seafood export value to the EU. In the second quarter of 2021, the country shipped 9,360 tonnes of tuna to this market, raking in 45.05 million USD, up 43.9 percent in volume and 59.3 percent in value from the previous quarter. The surges were attributed to tariff reductions granted to Vietnam’s tuna products under the EU-Vietnam Free Trade Agreement (EVFTA), which took effect on August 1, 2020. According to the MoIT, Vietnamese tuna was sold at 4.62 USD per kg on average to the EU in the first six months of the year, down 0.27 percent year on year. The global tuna prices … [Read more...] about VIETNAM BUSINESS NEWS SEPTEMBER 25