Digital economy

Digital economy, information, and telecommunication are vital to driving the bilateral economic partnership. South Korea is willing to share its technological expertise to boost its economic partnership with Vietnam in the next 30 years, Choo Kyung-ho, Deputy Prime Minister cum Minister of Economy and Finance of the Republic of Korea, said on December 6. Vietnam's President Nguyen Xuan Phuc (center) joins Vietnam-South Korea Business Forum on December 6. Photo: Vietnam News Agency Choo Kyung-ho made his statement at the Vietnam-Korea Business Forum held in South Korea with the participation of Vietnamese President Nguyen Xuan Phuc, senior officials, and more than 500 representatives of businesses of the two countries. He expressed his hope that the two nations would see further cooperation in developing green growth, a digital economy, new industries, and exchanging technology and manpower. He also urged the Vietnamese and South Korean governments to … [Read more...] about South Korea, Vietnam ready to boost tech cooperation

At the reception (Photo: VNA) The move was also expected to create favorable conditions for Vietnamese goods to enter the US market and increase US investment in Vietnam, Lam said while receiving an USABC delegation in Hanoi on December 6. He emphasized that Vietnam always considers the US a leading partner with high potential in techniques, sciences and technologies and that Vietnam wants to expand and strengthen practical and effective cooperation with the US in areas, particularly infrastructure development, technology transfer, human resource development and experience sharing. The Ministry of Public Security hoped that USABC can connect businesses to discuss the possibility of promoting cooperation and sharing experience with the ministry in specialized areas and procurement of high-quality products, Lam said. The minister also proposed the USABC and US businesses support Vietnam to deeply participate in the global supply chain in information technology, digital economy, … [Read more...] about US businesses urged to boost Vietnam-US ties in trade, defense, security

The workshop in Hamburg on December 5 (Photo: VNA) Berlin (VNA) – The Hamburg Chamber of Commerce and Industry (IHK) and the German Asia-Pacific Business Association (OAV) held a workshop on investment in Vietnam on December 5, attracting about 50 major enterprises from the German city and nearby areas. Addressing the event held at the IHK headquarters, Vietnamese Ambassador to Germany Vu Quang Minh highlighted some outstanding outcomes of German Chancellor Olaf Scholz’s recent visit to Vietnam, noting the trip showed that Germany views Vietnam as a trustworthy partner in not only politics and security but also economy, trade, and investment. Amid numerous global uncertainties and German enterprises’ intention to diversify business ties, Vietnam is one of the leading and trustworthy destinations for investors, he went on, suggesting the two sides expand partnerships to renewable energy, green technology, digital economy, sustainable development, environment, farm … [Read more...] about Hamburg workshop spotlights chances in Vietnam for German investors

Vietnamese Prime Minister said climate response requires a global approach to ensure people-centered solutions. Vietnam expects to accelerate the negotiation process with the UK and EU regarding the establishment of the Just Energy Transition Partnership (JETP), said Prime Minister Pham Minh Chinh at a meeting with Ambassador of the EU to Vietnam Giorgio Aliberti today [December 6]. Prime Minister Pham Minh Chinh and EU Ambassador to Vietnam Giorgio Aliberti in Hanoi on Dec 6. Source: VGP The world is undergoing an energy transition as climate change has emerged as a global challenge. “This requires a global approach to strengthen solidarity and multilateralism, along with a people-oriented solution that puts the people at the center, the engine and objectives for development,” Chinh said. Such a process, however, should ensure justice and fairness for each country involved, Chinh added. In the case of Vietnam, Chinh called for the EU to assist the … [Read more...] about Vietnam expects to accelerate negotiations for Just Energy Transition Partnership

Last week’s seminar covered everything ESG, from initial investment considerations to pursuing new values The European Union is set to apply a carbon border adjustment mechanism (CBAM) as early as 2023 when European companies must start reporting emissions of imported goods, although they will not need to purchase CBAM certificates until 2026-2027. The Council of the EU and the European Parliament are yet to decide on the exact timeline. The CBAM would tax imported goods exported to in EU markets on the basis of their carbon content, which depends on their material and energy inputs. The mechanism will initially apply to the highest-emitting industries most at risk of leakage – such as iron and steel, cement, fertilisers, aluminium, and electricity generation – and will likely be expanded to other sectors in the coming years. “This will affect exporters from Vietnam,” said Nick Wood, senior advisor of FTI Consulting at last week’s seminar on environmental, social, and … [Read more...] about Determination on show by businesses to be ESG ready

While receiving Giorgio Aliberti, ambassador and head of the European Union Delegation to Vietnam, in Hanoi on December 6, Prime Minister Pham Minh Chinh assured Vietnam is committed to combating illegal unreported and unregulated (IUU) fishing. PM Pham Minh Chinh (R) receives Giorgio Aliberti, ambassador and head of the European Union Delegation to Vietnam, in Hanoi on December 6. Vietnam is deploying drastic measures to strictly and substantively implement regulations against IUU fishing, including a 180-day action plan to remove the ‘yellow card’ imposed by the European Commission, he said. The EC has imposed the fishing rules since 2017, a move that has hindered the development of the domestic fishery sector and the country’s seafood processing and export. Vietnam is a responsible member of the international community, including in the field of protecting the marine environment and marine ecosystems, said the PM. The Prime Minister requested that the … [Read more...] about Vietnam committed to fighting illegal fishing, PM tells EU ambasador