Viet Nam always considers the Japanese business community a leading strategic partner in the process of restructuring its economy, as well as in improving the growth, quality and competitiveness of the country, said State President Tran Dai Quang at the Viet Nam Investment Promotion Conference in Tokyo on May 31. Speaking at the event, organised by Japan External Trade Organisation (JETRO), which saw participation from representatives of some 600 Vietnamese and Japanese businesses, Quang said that Viet Nam’s consistent policy is to co-operate with Japan based on 45 years of shared interests in geography, politics and strategic economics. Quang stressed that towards achieving the goal of modernisation, Viet Nam was in great need of a modern and synchronous infrastructure system, as well as an advanced education system, which are present in Japan. Japanese businesses could expand co-operation and investment in Viet Nam, especially in the fields of manufacturing, modern agriculture, … [Read more...] about Việt Nam values business, diplomatic ties with Japan
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Việt Nam’s seafood exports to EU fall
Viet Nam News HÀ NỘI — Vietnamese seafood exports to the European Union last month crashed over a shortage in EU-compliant raw materials, the Việt Nam Association of Seafood Exporters and Producers (VASEP) said. In April, Việt Nam’s tuna exports to the EU fell by 10 per cent year-on-year, while squid and octopus exports decreased by 41 per cent and mollusk exports went down by 19 per cent, VASEP said. VASEP General Secretary Trương Đình Hòe said the decline was due mainly to a shortage in raw materials for processing. While demand for Vietnamese seafood exports to the EU is currently quite large, the number of exploited seafood meeting the EU’s requirements in traceability is not high. The Ministry of Agriculture and Rural Development (MARD) said the three provinces that specialise in tuna fishing caught about 7,400 tonnes in the first four months of 2018, down 14 per cent year-on-year. Bình … [Read more...] about Việt Nam’s seafood exports to EU fall
Việt Nam pushes international medical co-operation
Viet Nam News HÀ NỘI — The Ministry of Health has agreed to further co-operation with the Global Tuberculosis (TB) Programme by the World Health Organisation (WHO) and signed other agreements at the 71st World Health Assembly, which runs from May 21 to 26 in Geneva (Switzerland), Vietnam News Agency reported. In a meeting with representatives of Ministry of Health and Welfare of South Korea, Lê Quang Cường, Vice Minister of Health, urged further co-operation between the two, which would be brought to the table when the South Korean Minister of Health and Welfare visits Việt Nam. Both sides also pointed out the need of accelerate the process of authorising practising certificates for medical personnel. The Vietnamese official also proposed further co-operation to Tereza Kasaeva, Director of the WHO Global Tuberculosis Programme. Kasaeva asked Việt Nam to share experience on countering Tuberculosis with other countries, before proposing … [Read more...] about Việt Nam pushes international medical co-operation
Việt Nam is updating its emission target in Paris climate deal
Viet Nam News HÀ NỘI — Việt Nam is reviewing and updating the country’s carbon emission target to better comply with the Paris agreement on climate change and prepare for the global assessment later this year. Deputy minister of environment and natural resources Võ Tuấn Nhân announced the review during a consultation workshop on Wednesday, where international partners such as UNDP and EU contributed ideas and technical expertise to help the country reduce its emissions. Deputy minister Nhân said that Việt Nam started its Nationally Determined Contribution (NDC) back in June last year and the report has been mostly completed. The greenhouse gas mitigation component focuses primarily on energy-related policies, industrial and agricultural production, land use, land-use change and forestry (LULUCF) and waste. Evaluation of data needed for calculating costs and the feasibility of greenhouse gas mitigation in various areas and … [Read more...] about Việt Nam is updating its emission target in Paris climate deal
Viet Nam’s securities market may get ‘emerging status’
Viet Nam’s securities market may be upgraded to the emerging market status from its current frontier market by 2020, according to the latest SSI Retail Research. Viet Nam’s securities market has satisfied MSCI’s quantitative requirements in terms of the market size and liquidity. However, qualitative conditions will be decisive factors for an upgrade.- Photo papi.vn The local securities market has grown rapidly and reached US$191 billion in total value by the end of March 2018, equivalent to 95 per cent of the GDP (gross domestic product) in 2016 and up 24.7 per cent against 2017. It’s as large as the securities markets in the United Arab Emirates and the Philippines and even surpasses some emerging markets such as Qatar ($131 billion), Pakistan ($82 billion) and Egypt ($58 billion). Liquidity also increased sharply to an average of VND8.8 trillion ($386 million) per session in the first quarter, a growth of 80 per cent over the average of 2017. … [Read more...] about Viet Nam’s securities market may get ‘emerging status’