Vietnam-US trade ties have enjoyed impressive growth (Source: laodong.com.vn) Hanoi (VNA) – The Vietnam-US trade ties have enjoyed impressive growth during 26 years since the normalization of diplomatic ties. Looking back at the past 20 years in international trade, there is no relationship which has such a fast growth rate like that of the Vietnam-US trade relationship, said Nguyen Xuan Thanh , senior lecturer at Fulbright School of Public Policy and Management in Vietnam. Prof. David Dapice , leading expert on development economics in Southeast Asia, Harvard Kennedy School, Harvard University, used the word “spectacular” to describe the development of economic cooperation between Vietnam and the US. Two-way trade rose from over 400 million USD in 1995 to more than 90 billion USD in 2020. Vietnam’s total export turnover to the US from 1 billion USD in 2000 increased to 10 billion USD in 2007, mainly thanks to the bilateral trade agreement taking effect in … [Read more...] about Vietnam-US trade ties enjoy “spectacular” growth
Vna
New resolution eases requirements for Work Permit applications for foreigners
A Chinese expert has his temperature taken as he arrives at a quarantine site in Vietnam. — VNA/VNS Photo To resolve some of the difficulties facing enterprises and foreign workers, this resolution has been approved by the Prime Minister and was issued on September 9. To facilitate foreign workers coming to work in Vietnam, the Government requested the Ministry of Labour, Invalids and Social Affairs to relax some of the regulations and conditions on granting and extending Work Permits, while ensuring pandemic prevention and control measures are not compromised. Under Point A, Clause 3, Article 3 of Decree No. 152/2020/ND-CP, foreigners must hold a Bachelor’s degree or higher, or an equivalent degree, and have at least three years of work experience in the field were trained. That experience and academic qualification must match the job that the Work Permit application is related to. This rule has now been eased; foreigners must still hold a Bachelor’s degree or higher, or an … [Read more...] about New resolution eases requirements for Work Permit applications for foreigners
Foreign investors keep trust in Vietnam’s recovery
At a factory of Nestle in Hung Yen province (Photo: baodautu.vn) Hanoi (VNA) – Recent announcements made by foreign investors on additional investment to expand production in Vietnam reflect their trust in Vietnam’s prospects for economic recovery, reported the Dau tu (Investment Review) newspaper. The Swiss company Nestle said it is pouring an additional over 130 million USD, raising its total investment in Vietnam to 730 million USD to carry out a number of its projects in the next two years. Urs Kloeti, Factory Manager of Nestle Bong Sen, was quoted by the newspaper as saying that his company believes in Vietnam’s role as an international and regional manufacturing hub in the future. Alongside Nestle, other foreign firms have committed to maintaining operations in Vietnam despite the fourth wave of COVID-19 outbreaks that have forced various localities to apply stringent preventive measures. Tetra Pak of Sweden has confirmed that it will pump 5 million EUR (5.86 … [Read more...] about Foreign investors keep trust in Vietnam’s recovery
Special working groups to be set up to assist businesses, people
A customer making transactions at a Vietcombank branch in Kon Tum province (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh has ordered ministries, agencies, and localities to set up their special working groups for tackling difficulties facing businesses and people amid the COVID-19 pandemic. According to the Government Office , on August 30, the PM issued a decision on the establishment of his special working group for addressing difficulties the COVID-19 outbreak has caused on businesses and people. To carry out solutions relevant to each ministry, sector, and locality in a timely manner, the PM asked ministries, ministry-level agencies, Government agencies, and provincial-level People’s Committees to quickly set up their special working groups headed by their leaders. These working groups have to direct the effective implementation of tasks and solutions stated in the National Assembly and the Government’s resolutions, as well as the PM’s directions; … [Read more...] about Special working groups to be set up to assist businesses, people
New Government resolution creates optimal conditions for foreign workers
Creating favorable conditions relevant to workers and experts is one of the four main solutions stated in this resolution, approved by the Prime Minister and issued on September 9, so as to directly help resolve difficulties facing enterprises and workers. Accordingly, to facilitate foreign workers coming to work in Vietnam, the Government requested the Ministry of Labor, Invalids and Social Affairs to order localities to relax some regulations and conditions on the granting and extension of work permits in line with the new context and but still ensure pandemic prevention and control. Under Point a of Clause 3 in Article 3 of Decree No.152/2020/ND-CP, foreigners must hold a Bachelor’s or higher degree or an equivalent degree and have at least three years of work experience in the specialities in which they were trained and that match the jobs they plan to work in Vietnam. This rule is now eased that foreigners must hold a Bachelor’s or higher degree or an equivalent degree and … [Read more...] about New Government resolution creates optimal conditions for foreign workers
N.A., Gov’t officials consult with experts on socio-economic affairs
The event gathered heads of N.A. agencies, ministries, and ministry-level agencies; representatives of some international organisations in Vietnam such as the U.N. Development Program (UNDP), the World Bank, the Asian Development Bank (ADB), the International Monetary Fund (IMF), and the International Labour Organization (ILO); along with economic experts and enterprises. N.A. Vice Chairman Hai said opinions raised at the consultation are a precious source of information for the law-making body to make decisions on important socio-economic issues. The forum is also a place for experts, scientists, and officials to express their in-depth, independent, and constructive viewpoints to boost quality and sustainable socio-economic development. He stressed that Vietnam has taken a number of measures to curb the COVID-19 pandemic, but the prolonged social distancing in many localities, including provinces and cities in key economic regions, industrial parks, and export processing zones, … [Read more...] about N.A., Gov’t officials consult with experts on socio-economic affairs
