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At the question-and-answer session as part of the 14th session of the 15th National Assembly (NA) Standing Committee today At the question-and-answer session as part of the 14th session of the 15th National Assembly (NA) Standing Committee on August 10, Minister of Culture, Sports and Tourism Nguyen Van Hung presented solutions to make tourism really become a spearhead economic sector, the management, conservation, renovation and promotion of the value of national historical relics, solutions to prevent the degradation of social ethics and behavioral culture. Deputies Nguyen Hai Anh from the Mekong Delta Province of Dong Thap and Don Tuan Phong from the Mekong Delta Province of An Giang asked the head of the Culture, Sports and Tourism industry to talk about initiatives to support the tourism industry’s recovery and development in the context of unpredictable developments of the coronavirus pandemic, some countries are still not ready to open the tourism market and still … [Read more...] about Tourism Minister proposes extending for implementation of preferential policies

On August 1, Nguyen Manh Hung, Minister of Information and Communications, received Ng Boon Heong, CEO of Temasek Foundation, a Singapore-based non-profit organisation, who sought for more business opportunities in the country. Digital business lines developing well. Source: freepik.com Temasek has strong expertise in innovation, climate change, education, and healthcare, and wishes to cooperate with Vietnam on green development and digital transformation in the upcoming years. Likewise, service provider NCS, a member company of Singtel Group, is going to develop a strategic technology centre in Vietnam as a way to expand in the country. This Singaporean firm visited Vietnam last week to sign a cooperation agreement with FPT Software to realise the plan. Ng Kuo Pin, CEO of NCS, told VIR, “We see a lot of opportunities for digitalisation in the country. NCS is looking for partners to help enlarge our global talent pool of IT resources around the world. Digital talent … [Read more...] about Digital business lines developing well

Accordingly, the academy’s youth union work and youths movement have been implemented comprehensively with practical results in the 2017-2022 period, contributing to fulfilling the political tasks of the unit. The role of the youth union organizations has been highlighted while responsibilities and good virtues of Uncle Ho’s soldiers have been promoted, deserving to be the leading force in implementing the education and training tasks and the scientific research of the academy. The unit’s youth union work and youths movement is expected to strongly develop in the time to come, contributing to building an elite, regular, and gradually modernized academy. * The same day, the Armored Corps held a similar event to deploy tasks of youth union work and youths movement in the 2022-2027 period. At the congress, delegates discussed and proposed concrete measures to improve the youth union work and youths movement in the time to come. Particularly, two major breakthoughs were … [Read more...] about Military units convene youth union congresses

The Czech Republic last week joined Germany and Spain in denying new visas related to Vietnam’s new passport, with all three citing a lack of birthplace information. They said the new passport model does not meet the technical standards of International Civil Aviation Organization (ICAO) parameters. Outbound tours to Europe rocked by passport tangle, illustration photo “The Czech Republic agrees with other member states of the EU and will stop recognising the new passports. The decision is effective from this moment,” said a notice posted on the website of the Czech Embassy in Vietnam on August 2. The moves have damaged the plans of some travellers who had already booked tours with specialised travel agents. Nguyen Van Tai, director of Vietsense Travel, told VIR that the company has cancelled the tours of five customers who bought tickets to visit Eastern Europe in September. “The company has been heavily affected, losing hundreds of millions of VND (equivalent to … [Read more...] about Outbound tours to Europe rocked by passport tangle

Vietnam only currently boasts wind farm projects in operation near the shores. Meanwhile, offshore equivalents are rather new. What does your company consider the challenges to be in the energy transition in the Vietnam market? Riccardo Felici, country manager for renewables consultants OWC Vietnam Every emerging market has challenges to overcome, and these cover different sectors of the industry. Our benefit is to have seen these challenges in several emerging markets such as Taiwan, Japan, South Korea, and Poland. The main challenges that can be foreseen for a truly offshore industry development are policy stability, including remuneration schemes, power grids, and supply chain. Offshore projects are complex projects developed from several miles up to a hundred miles off the coasts. The benefit is better wind resources and larger spaces that allow for very large turbines to be installed. As the size of the projects is significantly larger than onshore projects, … [Read more...] about Localisation the key for offshore venture victories

Given that Vietnam’s population, economy, and energy consumption are all expected to continue to rise over the coming years, renewable energy is one of the industries that has attracted the attention of foreign investors seeking merger and acquisition (M&A) prospects in Vietnam. Some foreign-invested energy groups in the past have benefited from Vietnam’s previous tariff schedule, Photo: Shutterstock However, while Vietnam witnessed 10 big M&A deals last year, so far 2022 has seen only two deals announced. Vaibhav Saxena from Vietnam International Law Firm told VIR, “In the past 3-4 months there has been a market slowdown. The issue is the lack of a feed-in tariff (FiT) rate to calculate returns on investment, and competitive market regulations are yet to be seen. We will see an enormous interest from foreign investors after we have the tariff policy in place. Now, it is more about asset management and diversifying investments that have a cash flow in the … [Read more...] about Potential energy investors clamour for regulation clarity