Unemployment at 17 year low

A farmer harvests sugarcanes in Tuyên Quang Province. Photo qdnd.vn HÀ NỘI — After the Vietnamese imposition of anti-dumping and anti-subsidy duties, the volume of Thai sugar imported to Việt Nam hit a four-year low in Q1 of 2022, speeding up the recovery of domestic sugar. Thailand exported 199,780 tonnes of sugar to Việt Nam in Q1 of 2021. On June 15, 2021, the Vietnamese Ministry of Industry and Trade began to apply trade remedies to the commodity, driving down the figure to just 33,682 tonnes in Q1 of 2022. The decline of Thai sugar has given a boost to domestic production. The Vietnam Sugar and Sugarcane Association (VSSA) reported that 6.4 million tonnes of sugarcane had been pressed by late April to produce 662,530 tonnes of sugar, up 5.1 per cent year-on-year. Domestic producers also saw better profits. Specifically, the leading firm in the industry, Thành Thành Công-Biên Hòa JSC, made an after-tax profit of VNĐ648 billion (US$28.3 million) between July 2021 to March … [Read more...] about Trade remedies to Thai sugar boost domestic recovery

Hanoi (VNA) - President Ho Chi Minh sent a letter to the Health Staff Conference on February 27, 1955. The date was chosen the Vietnam Physicians’ Day. On this occasion, Associate Professor Phan Le Thu Hang, deputy director of the health ministry’s Department of Financial Planning and director of the health partnership programme with the WHO, talks to the Vietnam News Agency about the achievements of the Vietnamese healthcare sector. - Vietnam is highly valued by the United Nations and international organisations for its achievements in the implementation of the Millennium Development Goals (MDGs) in the healthcare sector. Could you tell us about these goals? Associate Professor Phan Le Thu Hang : The MDGs, which consist of eight goals and 21 specific targets, are considered a global commitment agreed by all 189 member states of the United Nations, including Vietnam. The countries committed to achieving the goals by 2015 at the UNs Millennium Summit which took place from … [Read more...] about Vietnam- successful model in healthcare sector

National Assembly Chairman Vuong Dinh Hue presents gifts to outstanding students at Ethnic Minority Boarding School in Champasak province of Laos on May 17. (Photo: VNA) Vientiane (VNA) – Vietnamese National Assembly (NA) Chairman Vuong Dinh Hue’s official visit to Laos from May 15-17 at the invitation of his Lao counterpart Xaysomphone Phomvihane has wrapped off successfully, said Permanent Vice President of the Lao NA Sounthone Sayachac. Interviewed by the Vietnam News Agency (VNA)'s correspondents in Vientiane on May 18, Sounthone said the visit was the first made by Hue after taking office. It took place in the context of the Vietnam-Laos Year of Solidarity and Friendship 2022, which marks the 60th founding anniversary of diplomatic relations and the 45th anniversary of the signing of the Vietnam-Laos Treaty of Amity and Cooperation. During the trip, the top legislators of Vietnam and Laos held talks to review cooperation between the two NAs, particularly the … [Read more...] about Top Vietnamese legislator’s official visit to Laos a success: Lao NA Vice President

Assoc Prof and PhD Đinh Trọng Thịnh. The corporate bond market is expected to become a major source of capital for businesses in the long term, alleviating the pressure on the banking system in supplying capital to the economy. However, recent scandals involving bonds issued by property developers as well as uneven quality of corporate bonds have weakened investor confidence in the market. Assoc Prof and PhD Đinh Trọng Thịnh, a senior economist from the Academy of Finance, spoke to Vietnam News Agency Television about the loopholes in this market and solutions to make the market healthier and grow well. How do you evaluate the current state of the corporate bond market after a number of controversies related to corporate bonds? After some scandals involving corporate bond issuance, the corporate bond market has slowed down. Previously, the market grew about 46 per cent on average in the 2017-21 period and in 2021, the growth rate was 56 per cent. It still kept growing … [Read more...] about Fixing loopholes to improve health of the corporate bond market

A wind power project in the northern province of Ninh Thuan. — Photo evn.com.vn The Vietnamese economy’s unparalleled exposure to multinational corporations and the global consumer market calls for a pragmatic alignment between the country’s renewable energy strategy and the decarbonisation commitments of the global brands, according to IEEFA’s latest report on Viet Nam. “Multinational corporations responsible for up to US$150 billion of Viet Nam’s export revenues have made specific pledges on carbon neutrality or decarbonisation of varying scope and timelines,” said Thu Vu, energy finance analyst leading the Vietnamese market coverage for IEEFA. “These brands’ journey toward sustainability progress is one in which Viet Nam can not afford to ignore or miss out on.” Viet Nam is currently the largest exporter of goods in developing Southeast Asia. With nearly 60 per cent of the exports being manufactured goods for the big brands, its growing role in the global supply chain … [Read more...] about IEEFA: Viet Nam’s manufacturing future rests on a credible renewable energy game plan

Intel Capital, the investment arm of the world’s largest chipmaker, has announced it is pouring US$17 million into companies in Vietnam and Singapore, marking its first-ever investment in this country. The money will be split in undisclosed amounts between Vietnam Communications Corporation and Singapore’s Reebonz.com, Intel said during the World Economic Forum in Bangkok on May 31. The company called Southeast Asia one of the world’s fastest-growing markets for advanced technology, driven by robust economic growth and a rising middle class. “As a result, we’re seeing strong demand for e-commerce and cloud-based services across the region, and these investments will help to accelerate that trend,” said Gregory Bryant, vice president and general manager of Intel Asia-Pacific. Its Hanoi-based partner, an internet infrastructure and services company, declined to give a dollar figure for the investment. But, “It’s not a small sum,” the corporation’s deputy general director … [Read more...] about Intel Capital invests in Vietnam for first time