Exhibition vietnam 2018

Hanoi - Vietnam’s GDP growth is forecast to expand 7.5 percent in 2022 and 6.7 percent in 2023, with resilient manufacturing and a robust rebound in services serving as the driving forces for economic recovery. At the press conference to release the report. (Photo: WB Vietnam) According to the latest economic update by World Bank (WB) for Vietnam, the country’s economy expanded 5.2 percent in Q4 of 2021, and respectively 5.1 percent and 7.7 percent in Q1 and Q2 of 2022. Inflation is projected to average 3.8 percent over the year. Carolyn Turk, WB Country Director for Vietnam, said that the bi-annual report “lays out a set of policy recommendations that could help mitigate the impact of these risks and make the economy more resilient going forward.” Titled “Taking Stock: Educate to Grow”, this edition underlines transforming the higher education system as the key to boosting the country’s productivity and achieving its development goals, in the context where the … [Read more...] about Vietnam’s economic growth forecast at 7.5 pc in 2022: World Bank

Participants pose for a group photo at the event. (Photo: vnies.edu.vn) Hanoi (VNA) – Investment in education in Vietnam tended to increase steadily over the past decade, according to a report by the Vietnam National Institute of Educational Sciences ( VNIES ). The report annalysing the education sector during 2011-2020 was released at a seminar in Hanoi on August 8. According to the report, the investment in the education sector accounted for more than 18% of the total state budget expenditure, but was still lower than the set rate of 20%. Talking about the outcomes of the analysis at the event, Prof. Dr. Le Anh Vinh, head of the institute, said Vietnam achieved impressive results in the Programme for International Student Assessment (PISA), an international study that was launched by the Organisation for Economic Cooperation and Development (OECD) in 1997. It now covers over 80 countries, the PISA survey provides comparative data on 15-year-olds’ performance in … [Read more...] about Vietnam sees increasing investment in education: report

Vietnam’s hardwood plywood exports to the US increased from 112.3 million USD in 2018 to 356.7 million USD last year. (Photo: VNA) Hanoi (VNA) - The US Department of Commerce (DOC) has announced the extension of the deadline for issuing its final conclusion on a trade remedy duty evasion investigation into hardwood plywood imported from Vietnam, according to the Ministry of Industry and Trade (MoIT). Accordingly, the DOC plans to issue the conclusion on October 17. Currently, the US is applying an anti-dumping duty of 183.36% and an anti-subsidy tax of 22.98% to 194.9% on the product from China. US customs said Vietnam’s hardwood plywood exports to the US increased from 112.3 million USD in 2018 to 226.4 million USD in 2019, 248.5 million USD in 2020 and 356.7 million USD last year. The export turnover expanded by 57.6% in 2021 as compared to the year before the initiation of the investigation. According to the DOC ’s preliminary conclusions, plywood from … [Read more...] about US extends duty evasion investigation into plywood from Vietnam

The US Department of Commerce (DOC) has announced the extension of deadline for the final determination on the anti-dumping and anti-subsidy tax evasion investigation into hardwood plywood imported from Vietnam, according to the Ministry of Industry and Trade (MoIT). Vietnamese plywood products are under investigation in the US market. (Illustrative photo). In its preliminary determination, the DOC said it will release the final results of its investigation by October 17, 2022. The DOC initiated an investigation into hardwood plywood imported from Vietnam on June 17, 2020. It will see if Vietnam's plywood manufacturers import materials from China for plywood production to be exported to the US. If the manufacturers prove they are not evading the trade remedy measures the US is applying to China, they will not be subject to the anti-subsidy tax rates. The US is imposing anti-dumping and countervailing duties on these Chinese products with an anti-dumping duty … [Read more...] about US extends anti-dumping probe into plywood imported from Vietnam

Vo Tien Dung, vice director of Hanoi-based Halcom Vietnam, said his business has been cooperating with German, Finnish and Japanese companies for the last 23 years, but has yet to find the best technologies to deal with Vietnam’s waste problems. It is difficult to treat typically unsorted and highly humid waste in Vietnam. For example, trash in Europe has a humidity level of around 20%, while trash in Vietnam could have a humidity level of 60-70%, he added. Even the ongoing waste-to-energy plants in Hanoi and Can Tho would need more time so their effectiveness could be evaluated, Dung said. Treating unsorted trash without the same humidity conditions as in other countries would make it hard to meet efficiency and emission standards, he added. Nguyen Quang Huan, member of the National Assembly’s Committee for Science, Technology and the Environment, said he was concerned about waste-to-energy plants. He said such technology still produces pollutants, and is merely cleaning the … [Read more...] about No ideal waste treatment technology for Vietnam yet

He also suggested the government consider simplifying immigration procedures to attract foreign tourists as Vietnam reopened after over two years of border closure, he said in a report submitted to the National Assembly Standing Committee on Tuesday. Hung also proposed extending tax cuts to tourism businesses until the end of 2023 to help them recover after the pandemic crisis. Though Vietnam reopened tourism and lifted most Covid restrictions, Hung said travel firms and those working in the tourism industry are grappling with difficulties and have not really benefited directly from current policies. The country welcomed 954,000 foreign arrivals in the first seven months this year, up nine times year-on-year. This year, Vietnam targets five million foreign tourists, around 30 percent of pre-pandemic levels. The government has allowed quarantine-free entry and resumed its pre-pandemic visa exemption policy for 24 tourism markets including Western European countries from … [Read more...] about Vietnam minister proposes visa exemption for US, European travelers