Digital economy

There is a high chance that the bilateral trade turnover could surpass the US$100-billion mark for the first time right this year. The shortage of goods due to the disruption of the global supply chains and growing demands from major economies on recovery, especially the US, is offering opportunities for Vietnamese businesses to further penetrate the world’s largest market. Vice Minister of Industry and Trade Do Thang Hai. Photos: Hai Yen Counselor of the Vietnam Trade Office in the US Bui Huy Son shared the view at the Vietnam-US Trade Forum 2021 held today [December 7]. “As Vietnam makes up only 3.6% of US total imports, there remains huge potential in economic cooperation for both countries,” Son noted. Sharing the view, Vice Minister of Industry and Trade Do Thang Hai said the US remains one of Vietnam’s key partners in all spheres, noting cooperation in trade and economy between the two is the pillar in the bilateral comprehensive partnership. … [Read more...] about US economic recovery offers opportunities for Vietnam businesses

The fourth session of the 10th tenure of  People's Council of HCMC opens on December 7. (Photo: SGGP) The meeting will focus on discussing about resolutions of the development of economy, urban areas, culture and society in the 2021-2025 period; public investment plan in 2022; policies supporting tuition fees for students of public high schools and kindergartens in the academic year 2021-2022; regulations of urban architectural management. At the conference, Chairwoman of the HCMC People's Council Nguyen Thi Le emphasized that deputies need to discuss and reach consensus on important decisions and policies in healthcare, education and training, state budget allocation, seeking measures ensuring social security and orders, encouraging investment and economic development, improving the quality of people's lives. Chairwoman of the HCMC People’s Council Nguyen Thi Le speaks at the conference. (Photo: SGGP) Speaking at the event, Vice Chairman of the municipal People’s … [Read more...] about Theme for 2022: Safe, flexible adaptation to and effective control of Covid-19

Vietnam’s agro-forestry-aquatic product import-export hits over $82bil Vietnam’s agro-forestry-aquatic product exports and imports were estimated at nearly 82.67 billion USD in the first 11 months of this year, up 24.7 percent annually. Of the figure, around 43.48 billion USD was worth of exports, up 14.2 percent while nearly 39.18 billion USD was from imports, up 39 percent, resulting in a trade surplus of roughly 4.3 billion USD, down 56.5 percent year-on-year. The US was the biggest export market of Vietnam with over 11.9 billion USD, or 27.5 percent of the market share. It was followed by China with around 8.4 billion USD, accounting for 19.2 percent, and Japan with nearly 3 billion USD, or 6.9 percent. Share plunge as Omicron worries local investors Vietnamese shares plunged on Friday as the spread of the Omicron coronavirus variant dampened investor sentiment, triggering worries about hits to a nascent economic recovery. The market benchmark VN-Index on the Ho Chi … [Read more...] about VIETNAM BUSINESS NEWS DECEMBER 4

The foreign enterprises shift their focus from surviving the pandemic to developing in the new normal. Six European enterprises have won awards for their resilience and contribution to Vietnam’s fight against the pandemic at the European Night-Business Resilience Awards 2021. Delegates at the event. Photo: EuroCham Vietnam For the best initiative to support Vietnam during the fourth wave of Covid-19, Becamex , Binh Duong-based industrial infrastructure developer, and Annam Group were recognized for their contributions to the country’s fight against the pandemic. The winners for best management initiative to support workers and their families were De Heus, a Dutch animal nutrition supplier, and Bosch, a German supplier, for their efforts in aiding staff not only through livelihoods support but also through policies ensuring their health and well-being during the recent outbreak. Two of the leading agri-food companies, Orlar and Les Vergers du … [Read more...] about EuroCham members win business resilience awards

Both leaders agreed the strong cooperation between the two countries has brought substantial benefits for the people and, thus, they are committed to further nurturing this special relationship in the future. The Vietnam-Laos special relations are the invaluable assets of the two Parties and nations, serving as the cornerstone for each country to safeguard national interests and promote shared prosperity. General Secretary of the CPV of Vietnam Nguyen Phu Trong (r) and the Laos National Assembly Chairman Xaysomphone Phomvihane (l). Source: VNA The sentiment was shared during the meeting between the General Secretary of the Central Committee of the Communist Party (CPV) of Vietnam Nguyen Phu Trong and the Lao National Assembly Chairman Xaysomphone Phomvihane today [December 7]. At the meeting, Xaysomphone Phomvihane congratulated Vietnam’s achievements attained over the past years, expressing his belief that the country under the leadership of the CPV would … [Read more...] about Vietnam-Laos special relations ensure shared prosperity

Vietnam said all development decisions must be nature-based and centered around people to ensure sustainable development in which no one would be left behind. Vietnam, a developing country, has stressed the importance of an all-people approach in coping with a global issue – climate change – and its roadmap to achieve a net-zero target by 2050 it has declared. Overview of the workshop in Hanoi on Dec 7 chaired by Minister of Natural Resources and Environment Tran Hong Ha. Photo: Huong Giang/ UNDP The idea has been included in Prime Minister Pham Minh Chinh’s speech at the 2021 United Nations Climate Change Conference (COP26) held in Glasgow, the UK, in early November, as part of efforts to promote the engagement of all people in Vietnam in realizing its commitment at the global event, according to Pham Van Tan, Deputy Head of Vietnam’s Climate Negotiation Delegation. It’s interesting that Vietnam has stipulated the role of its people in the common drive, … [Read more...] about People-centered approach: Vietnam’s weapon to realize COP26 commitment