The Vietnamese Government for its part would create utmost conditions for South Korean companies to succeed in Vietnam and commit long-term presence in the country. Vietnam and South Korea aim for a bilateral trade turnover of US$100 billion by 2023 and $150 billion by 2030 while striving for a more harmonious trade balance for mutual benefit. Prime Minister Pham Minh Chinh at the phone talk. Source: VGP The view was shared during a phone talk between Prime Minister Pham Minh Chinh and his South Korean counterpart Han Duck-soo on July 5. At the talk, Chinh congratulated Han on his appointment as South Korea’s Prime Minister. The Vietnamese leader ssid bilateral relations have been on the rise amid a volatile world and severe Covid-19 impacts. “Both countries have been top partners of each other, especially in economy, trade, and investment,” Chinh said. According to Chinh, Vietnam remains steadfast in pursuing an independent foreign policy based on … [Read more...] about Vietnam, S.Korea aim for a US$150 billion trade turnover by 2030
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Workers hope for allowance increase amid price surge
Workers at a factory in Binh Duong province (Photo: VNA) A worker’s monthly income usually consists of the base salary, overtime pay and allowances. Do Thi Thu Hoai, an employee in Phu Tho province, said: “I have been working at this company here for five years, but the allowances have remained the same for me. “I see that several other companies provide an amount for accommodation support, but here we don’t receive any.” Each month, she receives her base salary of VND4.4 million (US$188), alongside the allowances of VND300,000 for diligent attendance, VBD150,000 for fuel charges, and VND30,000 for female employees. There was an allowance for employees with children of VND100,000 (US$4.30) per month, but this no longer exists, she said. She added that not only have these amounts remained unchanged throughout the years, but they also follow a very strict policy. The allowance for diligence, for example, can only be given if the employee has perfect attendance in that … [Read more...] about Workers hope for allowance increase amid price surge
Vietnamese, Korean Prime Ministers hold phone talks
Vietnamese Prime Minister Pham Minh Chinh talked over the phone with his counterpart from the Republic of Korea (RoK) Han Duck-soo on July 5, during which the two leaders compared notes on measures to boost the bilateral relations. PM Pham Minh Chinh (right) holds phone talks with his Korean counterpart Han Duck-soo (Photo: VNA) This was the first phone talk by the RoK’s PM with a foreign leader since he took office. Congratulating Han on his appointment as the RoK's PM, Chinh said despite global and regional uncertainties, including COVID-19 impacts, the relationship between Vietnam and the RoK has maintained its stable development pace, and the two countries have become leading important partners of each other, especially in economy, trade and investment. He affirmed Vietnam’s consistent foreign policy of independence, self-reliance, multilateralisation and diversification of relations, and being a friend, a reliable partner and an active, … [Read more...] about Vietnamese, Korean Prime Ministers hold phone talks
Vietnam attends 7th Mekong – Lancang Cooperation Foreign Ministers’ Meeting
Apart from Vietnam, the meeting also saw the presence of foreign affairs officials from Cambodia, Laos, Myanmar, Thailand, and China. Participants emphasized the principles of consensus, equality, mutual consultation, shared benefits, respect for the U.N. Charter and international laws and in line with each country’s regulations and laws. They also agreed to strengthen MLC cooperation by consolidating the friendly neighborliness, making positive contribution to socio-economic development of member countries, building the ASEAN Community, and realizing the sustainable development goals 2030. They adopted a Joint Press Communique and four joint statements on strengthening agricultural cooperation, natural disaster prevention and control, customs and trade facilitation, and exchanges among MLC civilizations. In his speech, Vietnamese FM underlined that in the post-COVID period, member countries need to ensure that MLC develops in a practical manner with priority given to economic … [Read more...] about Vietnam attends 7th Mekong – Lancang Cooperation Foreign Ministers’ Meeting
Vietnam’s economy to grow more than 6.5 percent in 2022
Even though recovery across the South-East Asian region has been uneven with the Delta variant, most countries’ GDP including Singapore, Indonesia, Malaysia, the Philippines and Vietnam have risen back up to pre-pandemic levels – with the exception of Thailand, which is still at 2 percent below pre-pandemic levels as its tourism industry struggled with travel and mobility restrictions. It was noted that Vietnam was not particularly affected by the Delta variant wave, and hence did not experience large lockdowns that impacted its economy as much as Malaysia and the Philippines did. Singapore, on the other hand, was able to take advantage of the increase in demand for consumer electronics globally to increase its GDP growth by 7.6 percent last year. Across the region, there is a marked lag in the recovery of the services sector in terms of accommodation, food and retail, but that is expected to increase with the reopening of borders and easing of travel restrictions. However, China’s … [Read more...] about Vietnam’s economy to grow more than 6.5 percent in 2022
HCMC residents line up before daybreak for passports
Among those waiting outside the Immigration Department on Nguyen Trai Street in HCMC's District 1 was 22-year-old Nguyen Quoc Danh (R). He said he was there before daybreak because he needed a passport so he could study abroad. He had tried to submit his application three times already, but failed because there were simply too many people ahead of him. Some people brought along a snack to munch as they waited. About two kilometers away, at 5:30 a.m., around 50 people were waiting in front of an immigration office on Nguyen Thi Minh Khai Street. Demand for passports has soared after the application process was temporarily suspended for one month for "non-urgent" purposes. Since the beginning of this month, people have been flocking to immigration offices to apply for new passports or get old ones renewed. The rush has prompted many residents to arrive at the offices hours before they open. One man dozes as … [Read more...] about HCMC residents line up before daybreak for passports