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Post-pandemic cooperation prospect of Vietnam, Hong Kong The Vietnamese Ministry of Industry and Trade and the Commerce and Economic Development Bureau of the Hong Kong Special Administrative Region Government (China) jointly held a teleconference on post-pandemic economic recovery – Vietnam-Hong Kong partnership on September 20. Speaking to Vietnam News Agency's correspondents, Anthony Lam, Executive Deputy Chairman of the Federation of Hong Kong Industries (FHKI) and CEO and Vice Chairman of the Golden Resources Development International Ltd., said a number of Hong Kong manufacturers have recently expanded production out of Hong Kong and to ASEAN, including Vietnam, for different reasons. About the potential of cooperation between Vietnamese and Hong Kong firms, Lam said Hong Kong is focusing resources on health care and pharmaceuticals so its businesses could consider investment in those fields in Vietnam. He stressed that Vietnam boasts a young, hardworking, … [Read more...] about VIETNAM BUSINESS NEWS SEPTEMBER 20

Vietnamese Ambassador to the Czech Republic Thái Xuân Dũng speaks at the event. — VNA/VNS Photo PRAGUE — The Vietnamese Embassy together with the association of Vietnamese enterprises in the Czech Republic earlier this week held a forum on promoting trade and investment between the nations. Speaking at the event, Vietnamese Ambassador to the Czech Republic Thái Xuân Dũng highlighted the importance of trade and investment promotion, particularly when both countries and others are seeking solutions for post-pandemic recovery. He said the forum aimed to help participating firms discuss issues related to the EU-Việt Nam Free Trade Agreement (EVFTA) so that they could come up with more suitable business plans and strategies. Trade between the nations hit US$936 million in the first half of 2021, up 28 per cent on-year, thanks to both sides’ efforts and the EVFTA’s impact. Participants focused their discussion on opportunities for Vietnamese enterprises with the coming-into-force … [Read more...] about Forum promotes Việt Nam-Czech Republic trade, investment

It’s unreasonable to close a factory with thousands of workers when only one positive case is found, officials have said. Deputy Prime Minister Le Van Thanh at the conference At an online conference discussing solutions to help enterprises in industrial zones (IZs), export processing zones (EPZs) and hi-tech zones on September 20, 2021, a representative of Nidec Vietnam proposed that enterprises should not be forced to close the entire enterprise when discovering a positive Covid case on production lines. In these cases, enterprises need to quarantine or close the specific production divisions. A representative of Nike Vietnam said that there is no need to close the entire factory if only one positive case is discovered. Separate the person and quarantine their contacts in the factory. Nike wants to allow fully vaccinated workers who have negative testing results to go to work every day Meanwhile, Samsung Thai Nguyen proposed that workers who have two vaccination shots … [Read more...] about Factories with only a few positive Covid-19 cases should remain open under new rules

A report released Monday places Vietnam in 44th position overall and first position among the lower-middle income economies. It retains its top position in the lower middle-income bracket from last year. With a score of 37, Vietnam is placed behind Thailand and ahead of Russia in the worldwide ranking and ahead of India in the lower middle-income bracket. The report mentions Vietnam as one of four economies (the others being Turkey, India and the Philippines) with the potential to change the global innovation landscape, systematically catching up with other economies like China. Vietnam in particular is among several developing economies that have held the record for over-performing on innovation relative to their level of development for the 11th year in the row, the report says. In Asia (excluding Western Asia), Vietnam is ranked 8th among 25 economies in the region, behind Thailand and ahead of India. The 2021 Global Innovation Index, issued by the World Intellectual … [Read more...] about Vietnam top innovator among lower middle-income economies: report

Ho Chi Minh City accounted for the most infections, 6,521 cases, followed by its neighboring provinces of Binh Duong (3,609), Dong Nai (590), and Long An (254). The Health Ministry announced another 240 Covid-19 deaths Tuesday, including 184 in HCMC and 41 in Binh Duong. Another 11,017 patients recovered on Tuesday, raising the number of recoveries to 475,343. Of those in hospitals, 5,133 are severe cases. Vietnam has reported 702,973 cases since the new wave broke out at the end of April and 17,510 have died. The total number of deaths so far is 17,545 cases, accounting for 2.5 percent of the total number of cases and 0.4 percentage points higher than the mortality rate in the world. The country has vaccinated more than 35 million people, among them over 6.78 million have received two doses. "Medicine package for Covid-19 patients" campaign aims to support patients self-isolating at home. Each donation worth VND380,000 ($16.65) can help buy medicine for one patient. For … [Read more...] about Vietnam confirms 11,687 new Covid-19 cases

An MRC press release said Tuesday that a major joint study undertaken by all the six Mekong riparian countries will examine changes in hydrological conditions found in the Mekong River Basin. The study was approved at a virtual meeting of the Mekong River Commission (MRC) and its Dialogue Partners. The annual 25th Dialogue Partners meeting on September 17 was attended by MRC members Cambodia, Laos, Thailand and Vietnam as well as representatives from China and Myanmar. The joint study's approval followed an earlier green light by the MRC Joint Committee and Joint Working Group of Lancang-Mekong Cooperation (LMC) Water Center on Lancang-Mekong Water Resources Cooperation. Phonepaseuth Phouliphanh, Acting Chairperson of the MRC Joint Committee for 2021, said the need for the joint study was underscored by the Mekong River Basin’s increasing propensity for floods and droughts, which have been attributed to adverse changes in climate and water infrastructure. He said the study … [Read more...] about China joins study of Mekong River hydrological changes