Strict door policy

Vietnamese Deputy Minister of National Defence Sen. Lieut. Le Huy Vinh (R) and UK Minister of State at the Ministry of Defence Baroness Goldie (Photo: VNA) London (VNA) – Vietnamese and UK officials said they wish to turn defence cooperation into a pillar in the countries’ overall relations at the 1st session of the 4th Vietnam-UK defence policy dialogue held in London on June 29 (local time) as part of National Assembly Chairman Vuong Dinh Hue’s ongoing official UK trip. Co-chairing the dialogue, Vietnamese Deputy Minister of National Defence Sen. Lieut. Le Huy Vinh and UK Minister of State at the Ministry of Defence Baroness Goldie expressed their delight at the positive and dynamic growth of the Vietnam-UK strategic partnership. With the bilateral defence cooperation sustained effectively, the officials considered the dialogue an important mechanism for the two defence bodies to review outcomes of and put forth future orientations for their join works. Assessing … [Read more...] about Vietnam, UK hold 4th defence policy dialogue in London

Ilustrative image. (Photo: VNA) Accordingly, a new decree, coded 38/2022/ND-CP, on raising the regional minimum wage for laborers will come into effect on July 1. The 6 percent increase is equivalent to a rise of VND260,000 (US$11.20) in Region 1, and VND240,000, VND210,000, and VND180,000 in Regions 2, 3, and 4, respectively. The document to this effect also specifies that the minimum hourly wage will range from VND15,600 to VND22,500, which also depends on the region. The geographical classification is determined based on the employer’s place of operation. Region 1 covers Hanoi and Ho Chi Minh City's urban areas; Region 2 encompasses Hanoi and HCMC's rural areas, along with major urban areas in the country like Can Tho, Da Nang and Hai Phong; Region 3 covers provincial cities and the districts of Bac Ninh, Bac Giang and Hai Duong provinces; and Region 4 comprises the rest of the country. Meanwhile, per the Minister of Finance’s Circular 78/2021/TT-BTC, dated September 17, … [Read more...] about Policies to take effect in July

Illustrative photo (Source: VNA) Hanoi (VNA) – The UK-Vietnam Free Trade Agreement (UKVFTA), which took effect in early 2021, has so far brought about positive outcomes for both countries, Deputy Director General Ngo Chung Khanh of the Ministry of Industry and Trade’s Multilateral Trade Policy Department has affirmed. At a virtual conference on promoting firms’ UKVFTA -induced advantages in Hanoi on June 29, Khanh noted the exports from Vietnam to the UK have grown by 17% and from the UK to Vietnam, by 23%. Phan Thi Thanh Xuan, Vice Chairwoman of the Vietnam Leather, Footwear and Handbag Association ( LEFASO ), said the pact has helped Vietnam’s footwear shipments to the UK bounce back from a serious reduction due to Brexit. As of May 2022, Vietnam’s export of the product to the UK raked in 330 million USD or half the target set for the year. Xuan said footwear exporters to the market face strict requirements in terms of safety, production, and environmental … [Read more...] about UKVFTA brings about positive outcomes for both sides: official

Vietnam remains supportive and would serve as the bridge for the UK to expand its partnership with ASEAN, calling for the UK parliament to support ASEAN’s central role in the region, as well as Vietnam’s stance on regional security issues. Vietnam and the UK are seeking closer relations at a time when the bilateral strategic partnership has been at its best with strong progress in all spheres. Chairman of Vietnam National Assembly Vuong Dinh Hue and Speaker of the House of Commons of the UK Lindsay Hoyle. Source: VNA The view was shared during a meeting between Chairman of Vietnam National Assembly Vuong Dinh Hue and Speaker of the House of Commons of the UK Lindsay Hoyle in London today [June 29]. According to Hue, trade and investment cooperation between the two countries has benefited from the UK-Vietnam Free Trade Agreement (UKVFTA) that took effect in early 2021. Hue expected both sides to continue taking advantage of the deal to boost bilateral trade … [Read more...] about Vietnam, UK seek closer relations

UK trade minister Anne-Marie Trevelyan said the country wants to be a part of Vietnam’s development story in the 21st century, and fostering bilateral trade relations is among its priorities. Vietnam and the UK should set a trade turnover target of over US$10 billion by 2023, which would be a meaningful step to mark the 50 th anniversary of Vietnam-UK diplomatic relations next year. Chairman of the National Assembly Vuong Dinh Hue (mid) at the forum. Source: VNA Deputy Prime Minister Le Van Thanh gave the remarks at the Vietnam-UK High-level Forum on Economy and Trade held on June 29. The event is one of the highlights of a visit to the UK by the high-ranking delegation from the National Assembly of Vietnam led by Chairman Vuong Dinh Hue from June 28-30. According to Thanh, the Vietnam-UK strategic partnership has progressed strongly over the years and contributed to socio-economic development in each country. Thanh expected the partnership would … [Read more...] about Vietnam-UK target US$10-billion trade turnover by 2023

Representatives of enterprises in EPZs-IPs participate in the conference. (Photo: SGGP) The Ho Chi Minh City Export Processing and Industrial Zones Authority (Hepza) cooperated with the State Bank of Vietnam – HCMC Branch and some commercial banks to organize the conference to connect banks and enterprises with the theme "Accompanying enterprises - Effective financial solutions to support enterprises in EPZs-IPs in HCMC in 2022”. The conference aims to find solutions to support enterprises in EPZs and IPs to easily access financial sources with appropriate interest rates and loan terms to develop production and business activities. This activity has helped banks to better grasp the characteristics of enterprises in the field of industrial production, thereby studying shortening and simplifying the loan processes and procedures, actively approaching small and medium-sized enterprises to disburse loans according to the Government's preferential policies, especially industrial … [Read more...] about Enterprises in EPZs, IPs supported to access suitable credit sources