EVFTA to spur breakthroughs for Vietnam’s digital transformation

EVFTA to spur breakthroughs for Vietnam’s digital transformation

(VEN) - The recently implemented EU-Vietnam Free Trade Agreement (EVFTA), the launch of Vietnam’s national digital transformation program, and the impact of Covid-19 lockdown all promise a surge of unprecedented opportunities for Vietnam’s digital transformation.
The launch of free movement of goods system in ASEAN countries

The launch of free movement of goods system in ASEAN countries

(VEN) Cross-border traders in ASEAN can now take advantage of a new online Customs transit management system – the ASEAN Customs Transit System (ACTS), to accelerate trade in goods by road within ASEAN. The ACTS was developed with the support of the European Union.
Trade deal with Europe expected to promote supply chain formation

Trade deal with Europe expected to promote supply chain formation

(VEN) - Given the global trade recession, the newly implemented EU-Vietnam Free Trade Agreement (EVFTA) is expected to provide great opportunities for Vietnam’s economic growth. To make better use of these opportunities, businesses need to pay attention to developing supply chains.
Vietnam, ASEAN share smart energy ideas for urban development

Vietnam, ASEAN share smart energy ideas for urban development

(VEN) - As smart energy plays an important role in urban development, Vietnam plans to develop smarter, cleaner, greener and more sustainable energy resources for its cities, said experts at a recent summit in Hanoi devoted to sharing initiatives, experiences and cooperation between Vietnamese cities and other urban centers in the Association of Southeast Asian Nations (ASEAN).
RCEP: All is well that ends well, but why did it take eight years?

RCEP: All is well that ends well, but why did it take eight years?

(VEN) - The Regional Comprehensive Economic Partnership (RCEP) Agreement comprises 20 chapters with commitments covering goods, services, investment, intellectual property rights, competition, trade remedies, standards, e-commerce and dispute settlement. Many of these chapters were not included in the underlying ASEAN+1 agreements that formed the original core of RCEP. This to some extent explains why it took RCEP negotiators as long as eight years to reach its signing on November 15, 2020.
Vietnamese enterprises contribute to Vietnam-Australia trade

Vietnamese enterprises contribute to Vietnam-Australia trade

Vietnamese businesses in Australia have made significant contributions to the growth of Vietnam-Australia trade in 2020, Vietnamese Ambassador to Australia Nguyen Tat Thanh said at a ceremony to review activities of the Vietnamese Entrepreneurs Association in Sydney (VEAS) on December 5.
Indonesian Ambassador to Vietnam Ibnu Hadi paid a farewell call to Vice President of Vietnam

Indonesian Ambassador to Vietnam Ibnu Hadi paid a farewell call to Vice President of Vietnam

On December 3, Indonesian Ambassador to Vietnam Ibnu Hadi paid a farewell visit to Madame Dang Thi Ngoc Thinh, Vice President of Vietnam, at the Presidential Palace.
HCMC gears up to take advantage of EVFTA

HCMC gears up to take advantage of EVFTA

(VEN) - Ho Chi Minh City will implement a series of programs to improve business competitiveness in order to help local firms take advantage of opportunities provided by free trade agreements, especially the newly implemented EU-Vietnam Free Trade Agreement (EVFTA).
Vietnam, Russia discuss joint auto venture, increase trade

Vietnam, Russia discuss joint auto venture, increase trade

(VEN) - Vietnam and Russia share common vision on advancing the bilateral comprehensive strategic partnership, but although it has been growing well, bilateral trade remains incommensurate with its potential and has not yet met the two countries’ expectations. 
Vietnam caps term as ASEAN Chair with signing of major trade pact

Vietnam caps term as ASEAN Chair with signing of major trade pact

(VEN) - The mid-November signing of the Regional Comprehensive Economic Partnership (RCEP) capped Vietnam’s term as Chair of the Association of Southeast Asian Nations (ASEAN), which is being hailed for its flexible and innovative efforts in both policies and practices.
Vietnam courts overseas diaspora to boost digitization, exports

Vietnam courts overseas diaspora to boost digitization, exports

(VEN) - Overseas Vietnamese are doing business in Vietnam effectively with about 3,000 projects and total registered capital of about US$4 billion, creating jobs and contributing to economic growth. The overseas Vietnamese community also plays a very important role in trade promotion activities which help bring Vietnamese goods and services to global markets.
Efficient EVFTA implementation contributes to economic recovery

Efficient EVFTA implementation contributes to economic recovery

(VEN) - About three months after it took effect, the EU-Vietnam Free Trade Agreement (EVFTA) has already helped Vietnam recover some economic growth in the context of the Covid-19 pandemic.
Singapore tops list of foreign investors in Vietnam

Singapore tops list of foreign investors in Vietnam

(VEN) - Singapore became the largest foreign investor in Vietnam in the first nine months of this year, with US$4.7 billion, accounting for 44.9 percent of all registered foreign direct investment (FDI) capital. The Republic of Korea (RoK) was second with almost US$3 billion and China was third with US$1.75 billion.
Vietnam prepares to confront EVFTA-related trade remedies

Vietnam prepares to confront EVFTA-related trade remedies

(VEN) - With Vietnam’s enhanced participation in free trade agreements (FTAs), trade remedies like anti-dumping, countervailing, and safeguarding regimes become more meaningful for companies as well as the economy. These legal measures are expected to effectively support the local manufacturing sector as the competition with imports grows fiercer.
Regional Comprehensive Economic Partnership Agreement signed after years of talks

Regional Comprehensive Economic Partnership Agreement signed after years of talks

Ministers from 15 countries spanning the Asia-Pacific region on November 15 signed the Regional Comprehensive Economic Partnership (RCEP) Agreement after eight years of talks.
ASEAN Plus Three leaders talk with East Asia Business Council representatives

ASEAN Plus Three leaders talk with East Asia Business Council representatives

Vietnamese Prime Minister Nguyen Xuan Phuc, as the ASEAN Plus Three Chair, proposed the business community continue standing shoulder-to-shoulder with the governments in the fight against the COVID-19 pandemic and in economic recovery in East Asia at the ASEAN Plus Three Leaders’ Interface with Representatives from East Asia Business Council on November 14.
PM: solidary - key to ASEAN’s success

PM: solidary - key to ASEAN’s success

Solidarity is the foundation of ASEAN cooperation and the key to its success, Prime Minister Nguyen Xuan Phuc said on November 12.
Vinh Phuc assists enterprises in optimising EVFTA opportunities

Vinh Phuc assists enterprises in optimising EVFTA opportunities

The authorities of the northern province of Vinh Phuc are implementing a series of measures to help local enterprises fully tap the opportunities brought about by the EU-Vietnam Free Trade Agreement (EVFTA), which took effect in August 1.
Seminar discusses Vietnam-India business opportunities

Seminar discusses Vietnam-India business opportunities

Opportunities to enhance trade and investment in various sectors between India and Việt Nam were recently iscussed at a seminar in HCM City.
Improved Vietnamese rice meets EU standards, says top official

Improved Vietnamese rice meets EU standards, says top official

(VEN) - The EU-Vietnam Free Trade Agreement (EVFTA) is creating conditions for Vietnamese enterprises to increase rice exports to the EU. Vietnam Economic News’ Phuong Lan spoke about this with Tran Quoc Toan, Deputy Director of the Ministry of Industry and Trade’s Agency of Foreign Trade.
Vietnam, UK accelerate trade pact negotiations

Vietnam, UK accelerate trade pact negotiations

(VEN) - Vietnam and the United Kingdom (UK) are speeding up negotiations on a new-generation free trade agreement, which is expected to be completed at the end of this year.
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Foreign visitors to Vietnam surge 44.2 times

Foreign visitors to Vietnam surge 44.2 times

Vietnam welcomed 872,000 foreign visitors in January, up 44.2 times against the same time last year, according to the General Statistics Office.
British official in Vietnam to boost accession to CPTPP

British official in Vietnam to boost accession to CPTPP

Minister of State Greg Hands of the UK Department for International Trade recently arrived in Hanoi for high-level trade talks on how the UK joining of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will boost the economic firepower of the world’s most dynamic trade bloc, according to the British Embassy.
Banks lower saving interest rates right after Tet

Banks lower saving interest rates right after Tet

The race of interest rate hikes among commercial banks is showing signs of cooling down as many banks have adjusted down the rate by several percentage points per year after the Lunar New Year (Tet) holiday and have set stricter conditions for customers to enjoy the high rates.
Positive signs for Vietnam’s labour market

Positive signs for Vietnam’s labour market

Vietnam will continue to be affected by a labour shortage in the first and second quarters of 2023, but the deficit is not great and is mainly present in labour-intensive sectors such as garments, leather, and some export-led industries, especially in foreign-invested enterprises.
Artists Cơ, Nghiệp set Guinness World Record in last int

Artists Cơ, Nghiệp set Guinness World Record in last int'l show

Vietnamese acrobatic artists Giang Quốc Cơ and Giang Quốc Nghiệp has set up a world record in their last international performance in a Guinness World Record show in Milan, Italy.
foreign visitors to vietnam surge 442 times

Foreign visitors to Vietnam surge 44.2 times

Vietnam welcomed 872,000 foreign visitors in January, up 44.2 times against the same time last year, according to the General Statistics Office.
the woman who revived kim hoang folk paintings

The woman who revived Kim Hoang folk paintings

(VEN) - Researcher and art collector Nguyen Thi Thu Hoa has made intense efforts to revive the 18th century Kim Hoang woodcut folk painting genre, which had all but disappeared over time.
artists co nghiep set guinness world record in last intl show

Artists Cơ, Nghiệp set Guinness World Record in last int'l show

Vietnamese acrobatic artists Giang Quốc Cơ and Giang Quốc Nghiệp has set up a world record in their last international performance in a Guinness World Record show in Milan, Italy.
the unique giong festival of hanoi

The unique Giong Festival of Hanoi

The festival is held annually around the capital to commemorate Saint Giong, a local hero who sacrificed his life to defeat invaders.
ministry of industry and trade new posture and mindset for the new development period

Ministry of Industry and Trade: New posture and mindset for the new development period

Starting on December 1, 2022, the Ministry of Industry and Trade operates under Government Decree 96/2022/ND-CP. New posture and mindset for the new development period of the industry and trade sector have been rolled out from this decree.
Screening tools to enhance FDI quality

Screening tools to enhance FDI quality

(VEN) - A set of foreign direct investment (FDI) screening tools was launched recently as a result of cooperation between the Vietnam Chamber of Commerce and Industry (VCCI) and the United Nations Development Program (UNDP), promising enhanced effectiveness of foreign investment flows into Vietnam.
Prime Minister demands faster disbursement of public investment capital

Prime Minister demands faster disbursement of public investment capital

Prime Minister Pham Minh Chinh demanded faster pace of public investment capital disbursement while chairing the Cabinet meeting on Thursday.
Deputy FM highlights role of economic diplomacy in service of national development

Deputy FM highlights role of economic diplomacy in service of national development

The Ministry of Foreign Affairs has accompanied the Ministry of Planning and Investment and agencies to attract high-quality investment, connect and support foreign enterprises to invest and expand operations in Việt Nam, as well as to strengthen exchange and cooperation with investment funds and study international investment trends.
Việt Nam supports expansion of UN Security Council

Việt Nam supports expansion of UN Security Council

Addressing the first meeting of the Intergovernmental Negotiations on Security Council reform at the 77th UN General Assembly on January 26 (local time) in New York, Ambassador Nguyễn Phương Trà also emphasised improving the working method of the UNSC and limiting the use of veto power.
Industrial production: Achievements and lessons

Industrial production: Achievements and lessons

(VEN) - The 2022 industrial output has been impressive, but continued innovation as well as production and supply network recovery are vital to ensure a more sustainable path in 2023.
Food and beverage industry to do well this year despite modest economy

Food and beverage industry to do well this year despite modest economy

The food and beverage market is forecast to grow by over 18% this year to 720 trillion VND (30.7 billion USD).
Moving ahead with 2023’s Global Priorities: Electrification and Decarbonization

Moving ahead with 2023’s Global Priorities: Electrification and Decarbonization

In 2023, the United Arab Emirates is taking center stage in the global efforts to address climate change and sustainability. Recently, leaders have gathered for Abu Dhabi Sustainability Week, kicking off a year of events leading up to the UAE-hosted COP28 at the end of the year.
Hanoi eyes 950 firms in support industries this year

Hanoi eyes 950 firms in support industries this year

Hanoi has set a target to have about 950 enterprises operating in the field of supporting industries this year, an increase of approximately 20 compared to 2022.
Hanoi, HCM City record highest disbursement of public investment capital in January

Hanoi, HCM City record highest disbursement of public investment capital in January

Hanoi and Ho Chi Minh City - the country's economic locomotives - recorded the highest disbursement of public investment capital in January, with nearly 2.7 trillion VND (117 million USD) and more than 1.63 trillion VND, respectively, reported the General Statistics Office.
Hai Phong pledges optimal conditions for investors

Hai Phong pledges optimal conditions for investors

Hai Phong will always accompany with and create optimal conditions for investors, vowed Nguyen Trung Kien, head of the Economic Zone Management Board of the northern port city, during a meeting with foreign-invested businesses in the city on January 31.
Greening foreign investment

Greening foreign investment

(VEN) - The government’s declared commitment to reduce net carbon emissions to zero by 2050 has prompted a wave of high-quality, sustainable foreign direct investment (FDI) projects.
Southeast region prepares for new FDI wave

Southeast region prepares for new FDI wave

The southeast region is preparing necessary conditions in infrastructure, administrative procedures and human resources to welcome a new wave of foreign direct investment (FDI), as investors have flocked to the region right from the beginning of this year.
Banks lower saving interest rates right after Tet

Banks lower saving interest rates right after Tet

The race of interest rate hikes among commercial banks is showing signs of cooling down as many banks have adjusted down the rate by several percentage points per year after the Lunar New Year (Tet) holiday and have set stricter conditions for customers to enjoy the high rates.
Foreign investors remain optimistic about Vietnamese stock market

Foreign investors remain optimistic about Vietnamese stock market

From being net sellers in the first nine months of 2022, foreign investors have become the driving force supporting the Vietnamese stock market in the last few months, and the inflows are expected to continue this year.
Tax revenue up 4.4 percent year-on-year in January

Tax revenue up 4.4 percent year-on-year in January

Tax revenue in January was estimated at VND165.7 trillion (US$7.06 billion), or 12.1 percent of the ordinance estimate, up 4.4 percent year-on-year, the General Department of Taxation reported on January 31.
State-owned banks under capital increase pressure

State-owned banks under capital increase pressure

Vietnam’s four biggest State-owned banks have an urgent need for capital increase in 2023 as their charter capital is too low, with some unable to ensure the regulated minimum capital adequacy ratio (CAR), according to industry insiders.
Vietnam looks ahead to 2023 climate summit

Vietnam looks ahead to 2023 climate summit

(VEN) - World leaders are hoping the COP28 Climate Change Summit, scheduled for November 30 to December 12, 2023, in the UAE will achieve expectations not met at the COP27 summit held in Egypt in November 2022.
Preserving nature, facilitating business

Preserving nature, facilitating business

(VEN) - In the past few years, the natural resources and environment sector of Hung Yen Province has advised authorities on state management of natural resources and the environment, contributing to provincial economic growth, industrialization and modernization.
AkzoNobel Vietnam protects Cu Lao Xanh lighthouse against harsh weather

AkzoNobel Vietnam protects Cu Lao Xanh lighthouse against harsh weather

AkzoNobel, a leading global paints and coatings company and the major producer of Dulux brand, has completed repainting the Cu Lao Xanh Lighthouse project with Dulux Weathershield®. It is the third lighthouse in Vietnam recoated under the “Lighthouse Protection Campaign” of AkzoNobel.
JTI Vietnam commits to net zero greenhouse gas emissions

JTI Vietnam commits to net zero greenhouse gas emissions

Climate change is the most urgent issue of our time, and to limit its impact on life on earth, the rise in mean global temperature should not exceed 1.5°C above pre-industrial levels. The private sector plays a huge role in helping to achieve this goal, and companies must commit and take concrete action in accordance with the Paris Agreement.
Seven technologies to watch in 2023

Seven technologies to watch in 2023

Nature’s pick of tools and techniques that are poised to have an outsized impact on science in the coming year.
Technology trends to watch in 2023

Technology trends to watch in 2023

The start of a new year is often a time to contemplate the future and what might lie ahead on the horizon.
Managed security provides IT talent gap solution for businesses in SEA

Managed security provides IT talent gap solution for businesses in SEA

Global cybersecurity company Kaspersky today reveals the state of MSSP in the region, particularly the main benefits that local SMBs and enterprises gain from this outsourcing model.
Headquarters of Vietnam-Korea Institute of Science and Technology inaugurated

Headquarters of Vietnam-Korea Institute of Science and Technology inaugurated

An inauguration ceremony of the headquarters of the Vietnam-Korea Institute of Science and Technology (VKIST) was held at the Hoa Lac Hi-tech Park in Ha Noi on January 17.
Positive signs for Vietnam’s labour market

Positive signs for Vietnam’s labour market

Vietnam will continue to be affected by a labour shortage in the first and second quarters of 2023, but the deficit is not great and is mainly present in labour-intensive sectors such as garments, leather, and some export-led industries, especially in foreign-invested enterprises.
Illegal fishing tackled with drastic measures to remove

Illegal fishing tackled with drastic measures to remove 'yellow card'

The Government, ministries and local authorities have been improving legal enforcement, supervision on the implementation of the law and traceability requirements through heavier fines on illegal fishing.
Hunting for real estate investment opportunities after Tet

Hunting for real estate investment opportunities after Tet

Although the market faced a standstill at the end of 2022, wealthy investors are still hunting for potential business opportunities after the Lunar New Year holiday.
Vietnamese university up 97 places in Webometrics ranking

Vietnamese university up 97 places in Webometrics ranking

Vietnam National University (VNU) - Hanoi climbed 97 places to rank 661st in the latest Webometrics Ranking of World Universities in 2023, which was announced on February 1 by the Cybermetrics Lab, a member of the Spanish National Research Lab.
JTI Vietnam certified as Top Employer for 3rd year

JTI Vietnam certified as Top Employer for 3rd year

Top Employers is a global award organized annually by the Top Employers Institute, through rigorous evaluation criteria for employers to select enterprises with the best working conditions. JTI Global and JTI Vietnam are proud to become the Top Employers again in 2023.
Doosan Vina and Chung Ang University continue educational CSR program

Doosan Vina and Chung Ang University continue educational CSR program

Recently, Doosan Enerbility Vietnam (Doosan Vina) and Chung Ang University (CAU), Korea organized charity activities and educational exchanges at Binh Thanh No. 2 Primary School and Binh Minh No. 1 Primary School in Binh Son District, Quang Ngai Province.
Nestlé Vietnam and the journey to sustainable development

Nestlé Vietnam and the journey to sustainable development

(VEN) - With nearly three decades of operation in Vietnam, Nestlé Vietnam has been implementing many initiatives to improve human health and protect the planet through its commitments and sustainable development strategy. Recently, the company has continued to be honored as the Most Sustainable Business in Vietnam.
VIMC embarks on strong recovery

VIMC embarks on strong recovery

(VEN) - In the context of the strong recovery of the maritime transport market, the Vietnam Maritime Corporation (VIMC) has brought into play its internal strength to achieve successful business results in 2022.
Artists Cơ, Nghiệp set Guinness World Record in last int

Artists Cơ, Nghiệp set Guinness World Record in last int'l show

Vietnamese acrobatic artists Giang Quốc Cơ and Giang Quốc Nghiệp has set up a world record in their last international performance in a Guinness World Record show in Milan, Italy.
The unique Giong Festival of Hanoi

The unique Giong Festival of Hanoi

The festival is held annually around the capital to commemorate Saint Giong, a local hero who sacrificed his life to defeat invaders.
Late artist Nguyen Tu Nghiem

Late artist Nguyen Tu Nghiem's works on display in rare exhibition

This rare opportunity for art lovers to see the artist's works is being held to honour his career, which spanned over 70 years in the 20th and 21st centuries.
The woman who revived Kim Hoang folk paintings

The woman who revived Kim Hoang folk paintings

(VEN) - Researcher and art collector Nguyen Thi Thu Hoa has made intense efforts to revive the 18th century Kim Hoang woodcut folk painting genre, which had all but disappeared over time.
Foreign visitors to Vietnam surge 44.2 times

Foreign visitors to Vietnam surge 44.2 times

Vietnam welcomed 872,000 foreign visitors in January, up 44.2 times against the same time last year, according to the General Statistics Office.
About nine million Vietnamese travel during Tet holiday, revenues down

About nine million Vietnamese travel during Tet holiday, revenues down

During the holiday from January 20-26, total revenue from tourism activities was estimated at VND17.5 trillion (US$745.79 million), down 30 percent year on year, reported the Vietnam National Administration of Tourism (VNAT).
18,000 tourists spend US$18.3 million on foreign tours during Lunar New Year

18,000 tourists spend US$18.3 million on foreign tours during Lunar New Year

The number of tourists choosing foreign tours accounted for 55 to 65 percent of the total domestic and foreign tours.
Vietnam listed among top places to visit in the New Year

Vietnam listed among top places to visit in the New Year

Vietnam has been named one of the top 20 places to visit at the beginning of the new year by UK travel magazine Wanderlust for its beautiful natural sights, festive atmosphere, and favorable weather.
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