Allocation of industry promotion funds lagging

Allocation of industry promotion funds lagging

(VEN) - According to the Agency for Regional Industry and Trade (ARIT) under the Ministry of Industry and Trade, VND140 billion was earmarked for the 2022 national industry promotion program, but only VND29 billion or 20.7 percent of the funding has been allocated to localities.
WB optimistic about Vietnam’s growth

WB optimistic about Vietnam’s growth

(VEN) - Despite numerous challenges, the Vietnamese economy showed positive signs of recovery in the early months of 2022 and is expected to achieve annual growth of 7.5 percent this year and 6.7 percent in 2023.
Exporters struggle with raw materials shortages

Exporters struggle with raw materials shortages

Many exporters, including electronics, wood, textiles, and footwear companies, are concerned about a shortage of production materials caused by ongoing supply disruptions.
Hanoi helps firms implement trade deals

Hanoi helps firms implement trade deals

(VEN) - Hanoi is accompanying local business in international economic integration by formulating mechanisms and policies to support them in the implementation of the country’s various free trade agreements.
Hoa Binh promotes rural industries

Hoa Binh promotes rural industries

(VEN) - The Industry Promotion Center of the northern province of Hoa Binh has conducted a survey of rural industrial establishments to prepare plans and projects for the coming years.
Minister hails overseas trade offices

Minister hails overseas trade offices

(VEN) - Overseas Vietnamese trade offices have taken the initiative in coordinating with relevant units of the Ministry of Industry and Trade (MoIT) to develop trade promotion programs, effectively supporting import-export activities and contributing significantly to Vietnam’s economic growth. 
EVN targets safe, stable power supply

EVN targets safe, stable power supply

(VEN) - The Vietnam Electricity (EVN) Group seeks to provide safe power supply for the final months of 2022 amid continued heavy heat in the northern region and increased input fuel prices for power production.
Major electronics show scheduled in Hanoi

Major electronics show scheduled in Hanoi

(VEN) - The leading exhibition organizer in the ASEAN bloc, RX Tradex, collaborated with the Vietnam Electronic Industries Association on organizing the July 20 Vietnam Electronics Forum 2022 in Hanoi, in conjunction with the signing ceremony of the Business Innovation Zone 2022.
Dong Nai Province boosts local industry

Dong Nai Province boosts local industry

(VEN) -  The Department of Industry and Trade of the southeastern province of Dong Nai held a ceremony to honor outstanding rural industrial and OCOP (one commune one product) products. It also implemented 12 industry promotion programs through the Dong Nai radio and television stations, and issued a plan for inspection, supervision and assessment of 2022 industry promotion programs and projects.
Vietnam’s star rises in global supply chains

Vietnam’s star rises in global supply chains

(VEN) - Vietnam is a rising global manufacturing center, with supporting industries that have undergone substantial changes to play a significant role in global value chains, especially in the electronics industry.
Ministry facilitates rural industrial development

Ministry facilitates rural industrial development

(VEN) - The Ministry of Industry and Trade is urging people's committees of provinces and centrally-governed cities to strengthen industry promotion in order to help rural manufacturers recover from the economic effects of the pandemic.
Vietnam Manufacturing Expo 2022 attracts 200 enterprises

Vietnam Manufacturing Expo 2022 attracts 200 enterprises

The Vietnam Manufacturing Expo (VME) opened in Hanoi on August 10 with more than ten countries and territories in attendance as well as nearly 200 technology brands and supporting industry companies from Japan, the US, the Republic of Korea, China, Chinese Taipei, Singapore, and elsewhere.  
Vietnamese exports to Nordic markets thrive

Vietnamese exports to Nordic markets thrive

(VEN) - Vietnamese seafood, rice, textiles, and leather and footwear sell well in Nordic markets. According to the Vietnam Trade Office in Sweden, concurrently in Denmark, Norway, Iceland, and Latvia, Vietnamese tra fish has become one of the best sellers in the Nordic bloc market.
Renewable energy sources not fully tapped: experts

Renewable energy sources not fully tapped: experts

The potential of renewable energy sources, especially wind and solar power, is one of the keys to Vietnam’s energy transformation towards carbon neutrality, but barriers stemming from the unresponsive transmission network and pricing mechanism is wasting the capacity of billions of kWh of electricity, according to experts.
Energy transition underway to cut emissions

Energy transition underway to cut emissions

(VEN) - Vietnam is making efforts to transition from fossil energy to clean, renewable energy in order to promote sustainable economic restructuring.
Bac Giang boosts advanced machinery use

Bac Giang boosts advanced machinery use

(VEN) - Through industry promotion programs, the Department of Industry and Trade of the northern province of Bac Giang has helped rural industrial enterprises procure advanced machinery and equipment to restore production in the post-pandemic period.
National product recognition improves customer trust

National product recognition improves customer trust

(VEN) - National recognition helps increase the prestige of rural industrial products and customer trust of their producers.
Opportunities, challenges for second-half exports

Opportunities, challenges for second-half exports

(VEN) - Tran Thanh Hai, deputy director of the Agency of Foreign Trade under the Ministry of Industry and Trade, talked about opportunities and challenges for export-import activities in the second half of the year with Vietnam Economic News’ Phuong Lan.
Quang Nam pioneers linkage model

Quang Nam pioneers linkage model

(VEN) - The central province of Quang Nam is implementing solutions to develop support industries on a large scale, gradually forming the largest industrial park (IP) for manufacturing automobile components and spare parts in Vietnam.
Bottlenecks hamper Vietnam’s rice exports

Bottlenecks hamper Vietnam’s rice exports

(VEN) - Rice plays a crucial role in Vietnam’s food security and socioeconomic development, requiring authorities to resolve bottlenecks to help the sector affirm its position and compete fairly in the world market.
Binh Duong Province reduces import dependence

Binh Duong Province reduces import dependence

(VEN) - The southern province of Binh Duong is concentrating on developing its support industries to provide parts and materials to local enterprises, and gradually reduce dependence on imported materials to avoid  production chain disruptions.
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Central bank to cut refinance rate in next quarter: UOB

Central bank to cut refinance rate in next quarter: UOB

The Singapore-based United Overseas Bank (UOB) anticipates the State Bank of Vietnam (SBV) will cut its refinance rate in the second quarter this year by 100 basis points to 5.00%.
Intellectuals form important force for social development: Party leader

Intellectuals form important force for social development: Party leader

The Vietnam Union of Science and Technology Associations (VUSTA) held a ceremony on March 24 in the presence of Party General Secretary Nguyen Phu Trong to mark 60 years since then President Ho Chi Minh had a meeting with intellectuals (May 18, 1963) and its 40th founding anniversary (March 26, 1983-2023).
Thai Nguyen wants to be  everyone’s  cup of tea

Thai Nguyen wants to be everyone’s cup of tea

(VEN) - The leading tea growing province of Thai Nguyen is trying to expand its export markets with safe and organic growing, brand development and protection and enhanced management.
Investment surges in Bac Ninh Province

Investment surges in Bac Ninh Province

(VEN) - In February 2023, foreign direct investment (FDI) in Bac Ninh Province continued to soar, almost doubling the number of projects and tripling the registered capital. Various business promotion plans are expected to help the small province just east of Hanoi achieve breakthrough investment attraction throughout the year.
Vietnam wins 17 prizes at International Robothon 2023

Vietnam wins 17 prizes at International Robothon 2023

The Vietnamese team won 17 prizes at the International Robothon 2023 held in Kuala Lumpur, Malaysia, on March 26.
ha no i seeks support from world heritage centre in restoration of ki nh thien palace

Hà Nội seeks support from World Heritage Centre in restoration of Kính Thiên Palace

Hà Nội has received great attention and help from the United Nations Educational, Scientific and Cultural Organisation (UNESCO) in cultural conservation and development.
national tourism year 2023 kicks off in binh thuan

National Tourism Year 2023 kicks off in Bình Thuận

The 'Bình Thuận-Green Convergence' themed programme seeks to drive green growth and promote tourism development through collaboration with other economic sectors for sustainable progress.
oscar dream

Oscar dream

Witness the inspiring story of Vietnamese director Hà Lệ Diệm and her documentary 'Children of the Mist’. Despite facing several challenges, Diễm shot and edited the film in just four years with a borrowed camera and minimal training. Her incredible talent has earned her multiple prizes at international film festivals, and was even short-listed for the Oscars this year.
vietnam remains worlds second largest coffee exporter

Vietnam remains world’s second-largest coffee exporter

Vietnam remained the second-largest coffee exporter in the world from February 2021 to January 2022, according to the International Coffee Organisation.
ha long bay cu chi tunnels among ten adventurous tourism places in southeast asia

Ha Long Bay, Cu Chi Tunnels among ten adventurous tourism places in Southeast Asia

The travel magazine The Travel has listed Ha Long Bay in the northern coastal province of Quang Ninh and Cu Chi Tunnels in Ho Chi Minh City among the ten must-visit epic and adventurous places in Southeast Asia.
Vietnam objects to Taiwan’s live-fire drills in Ba Binh

Vietnam objects to Taiwan’s live-fire drills in Ba Binh

Vietnam resolutely opposes to and demands Taiwan (China) to cancel live-fire drills in the waters around Ba Binh (Itu Aba) belonging to Vietnam’s Truong Sa (Spratly), vice spokesperson of the Vietnamese Ministry of Foreign Affairs Pham Thu Hang said on March 31.
E-visa stay period may be extended to 90 days

E-visa stay period may be extended to 90 days

The Ministry of Public Security has recently proposed that e-visa holders might be able to stay in Viet Nam for up to 90 days instead of the current 30 days.
New legal documents in first half of March 2023

New legal documents in first half of March 2023

VEN lists the latest legal documents issued by the Vietnamese Government, ministries and state agencies.
Animal feed industry asks for import tax reduction on raw materials

Animal feed industry asks for import tax reduction on raw materials

The Government has received a proposal from the Vietnam Feed Association to eliminate the import tax on soybean meal, currently set at 2%.
HCM City to host international paper, coatings, rubber, and plastic expos

HCM City to host international paper, coatings, rubber, and plastic expos

Four international exhibitions, Paper Vietnam, Rubber and Tyre Vietnam, Coatings Expo Vietnam, and Plastech Vietnam, will be held in HCM City from June 14 to 16.
Bac Kan produce takes off

Bac Kan produce takes off

(VEN) - Efficient trade promotion has helped agricultural and unique products of the northern province of Bac Kan reach foreign markets, including the Czech Republic and Japan, among others.
Bac Giang develops rural industrial exports

Bac Giang develops rural industrial exports

(VEN) - The northern province of Bac Giang has become an industrial development center in recent years, with industry making a growing contribution to the provincial gross regional domestic product (GRDP). However, many rural industrial establishments in Bac Giang remain small-scaled and lack investment capital, equipment, machinery and technology, limiting production capacity, product quality, competitiveness, and domestic and foreign market expansion.
Ocean dialogue dicusses offshore renewable energy potential

Ocean dialogue dicusses offshore renewable energy potential

Offshore renewable energy was the centre of discussion at the 10th Ocean Dialogue in the central province of Khanh Hoa on March 23.
Investment surges in Bac Ninh Province

Investment surges in Bac Ninh Province

(VEN) - In February 2023, foreign direct investment (FDI) in Bac Ninh Province continued to soar, almost doubling the number of projects and tripling the registered capital. Various business promotion plans are expected to help the small province just east of Hanoi achieve breakthrough investment attraction throughout the year.
Vietnam

Vietnam's retail market proves attractive for foreign investors

Vietnam is becoming an attractive retail market for companies all over the world with many regional and global FDI investors recently announcing plans to increase capital and expand distribution networks here.
Asian investors increasingly keen on Vietnam

Asian investors increasingly keen on Vietnam

(VEN) - Vietnam is considered a promising destination for investment from Asia, as evidenced by the increasing operations of multinational corporations.
India introduces pharmaceutical industry

India introduces pharmaceutical industry' opportunities to potential Vietnamese investors

Invest India, the National Investment Promotion & Facilitation Agency, had networking hybrid meet in Ho Chi Minh City, introducing investment opportunities in Indian pharmaceutical industry to potential Vietnamese investors.
Central bank to cut refinance rate in next quarter: UOB

Central bank to cut refinance rate in next quarter: UOB

The Singapore-based United Overseas Bank (UOB) anticipates the State Bank of Vietnam (SBV) will cut its refinance rate in the second quarter this year by 100 basis points to 5.00%.
Decree 08, a magic wand for corporate bonds?

Decree 08, a magic wand for corporate bonds?

(VEN) - Economists believe the newly issued government decree on the private issuance of corporate bonds will have a positive impact on the corporate bond market.
Foreign investors expand consumer finance business in Vietnam

Foreign investors expand consumer finance business in Vietnam

Large foreign financial groups have actively penetrated the Vietnamese consumer finance market, which has significantly helped accelerate the digitalisation of the country’s financial services.
Stock market violations to face stricter sanctions

Stock market violations to face stricter sanctions

The State Securities Commission (SSC) will review the Law on Securities and related decrees to complete the legal framework, and strengthen sanctions for violations to protect the legitimate rights and interests of investors.
COP28 President-Designate to speak at Berlin Energy Transition Dialogue Conference

COP28 President-Designate to speak at Berlin Energy Transition Dialogue Conference

Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President-Designate, will visit Berlin to give a keynote speech at the Berlin Energy Transition Dialogue Conference 2023 (BETD) and meet with senior leaders and ministers from across the world. During the BETD, Dr. Al Jaber will repeat his call for governments, the private sector and civil society to work together for swift and ambitious action to reduce global emissions and progress the energy transition.
Turning coffee grounds into energy

Turning coffee grounds into energy

(VEN) - Turning coffee grounds into biomass energy has helped the Nestlé Vietnam Co., Ltd save VND40-50 billion a year.
Vietnam saves 298,000 kWh during Earth Hour 2023

Vietnam saves 298,000 kWh during Earth Hour 2023

With lights turned off for one hour starting 8:30 pm on March 25 in response to the 2023 Earth Hour campaign, Vietnam saved 298,000 kWh of electricity equivalent to about 555.6 million VND (23,617 USD), according to the Vietnam Electricity (EVN)’s National Load Dispatch Center.
The value of wood scraps for business

The value of wood scraps for business

(VEN) - Reusing scraps derived from most stages of wood exploitation and processing will increase business profits by two to three percent.
Intellectuals form important force for social development: Party leader

Intellectuals form important force for social development: Party leader

The Vietnam Union of Science and Technology Associations (VUSTA) held a ceremony on March 24 in the presence of Party General Secretary Nguyen Phu Trong to mark 60 years since then President Ho Chi Minh had a meeting with intellectuals (May 18, 1963) and its 40th founding anniversary (March 26, 1983-2023).
Vietnam wins 17 prizes at International Robothon 2023

Vietnam wins 17 prizes at International Robothon 2023

The Vietnamese team won 17 prizes at the International Robothon 2023 held in Kuala Lumpur, Malaysia, on March 26.
Vietnam, US cultivate sci-tech, innovation cooperation

Vietnam, US cultivate sci-tech, innovation cooperation

Vietnamese Deputy Minister of Science and Technology Bui The Duy held a working session in Hanoi on March 23 with a business delegation of the US-ASEAN Business Council (USABC) led by the council's President and CEO Ted Osius who were on a working visit to Vietnam from March 21-23.
A321neo: Breakthrough technology saves fuel consumption up to 20%

A321neo: Breakthrough technology saves fuel consumption up to 20%

A321neo: Breakthrough technology saves fuel consumption up to 20%
Thai Nguyen wants to be  everyone’s  cup of tea

Thai Nguyen wants to be everyone’s cup of tea

(VEN) - The leading tea growing province of Thai Nguyen is trying to expand its export markets with safe and organic growing, brand development and protection and enhanced management.
Scholarship opportunity at New Zealand Education Fairs 2023

Scholarship opportunity at New Zealand Education Fairs 2023

Education New Zealand (ENZ) and Eduvina Limited Company will co-host the New Zealand Education Fairs in April 2023, with the participation of nearly 40 institutions from New Zealand.
Coastal communities to fight illegal fishing with own surveillance forces

Coastal communities to fight illegal fishing with own surveillance forces

In an effort to remove the EC’s “yellow card” this year, the agriculture ministry has asked the communities to quickly form fisheries surveillance forces in line with the Fisheries Law and the Law on Organisation of Local Administration.
Enhancing Hanoi-Singapore business connections

Enhancing Hanoi-Singapore business connections

(VEN) - Hanoi is ready to facilitate and provide necessary arrangements to attract Singaporean investors.
Viettel’s Cambodia affiliate signs strategic cooperation agreement with local group

Viettel’s Cambodia affiliate signs strategic cooperation agreement with local group

Metfone, the Cambodia-based affiliate of the military-run telecom group Viettel, and ISI Group of Cambodia signed a memorandum of understanding (MoU) on strategic cooperation in Phnom Penh on March 29.
Hundreds of high-quality goods honored

Hundreds of high-quality goods honored

(VEN) - Over 500 enterprises have been honored this year with the High-Quality Vietnamese Goods awards, reflecting their longtime popularity.
Vietnam adopts high integration standards

Vietnam adopts high integration standards

(VEN) - Given Vietnam’s increased integration into the global marketplace, domestic producers are being urged to meet standards beyond those expected of high-quality Vietnamese products.
Bac Giang promotes consumption of OCOP products associated with tourism

Bac Giang promotes consumption of OCOP products associated with tourism

The northern province of Bac Giang plans to strengthen communication activities for products of the One Commune-One Product (OCOP) programme and promote the consumption of OCOP products associated with tourism activities this year.
Hà Nội seeks support from World Heritage Centre in restoration of Kính Thiên Palace

Hà Nội seeks support from World Heritage Centre in restoration of Kính Thiên Palace

Hà Nội has received great attention and help from the United Nations Educational, Scientific and Cultural Organisation (UNESCO) in cultural conservation and development.
Reel in the flavours of Việt Nam with braised pickled carp

Reel in the flavours of Việt Nam with braised pickled carp

A complex and harmonious melange of flavours, this nutritious dish blends the sweetness of carp, the tangy sourness of pickled vegetables, and the spicy kick of chilli peppers, all simmered together in a rich and savoury broth.
Concert dedicated to Trịnh Công Sơn to take place at Hà Nội Opera House

Concert dedicated to Trịnh Công Sơn to take place at Hà Nội Opera House

A live concert programme will take place in Hà Nội next month to commemorate 22 years since the day composer Trịnh Công Sơn passed away.
Let’s go fly a kite

Let’s go fly a kite

(VEN) - The annual kite flying festival of Ba Duong Noi Village in Hanoi’s suburban district of Dan Phuong is held on the 15th day of the third lunar month.
Vietnam welcomes back Chinese tourists

Vietnam welcomes back Chinese tourists

(VEN) - China is piloting the second phase of group tours to Vietnam, which is expected to facilitate the recovery and development of bilateral tourism cooperation in the post-pandemic period.
National Tourism Year 2023 kicks off in Bình Thuận

National Tourism Year 2023 kicks off in Bình Thuận

The 'Bình Thuận-Green Convergence' themed programme seeks to drive green growth and promote tourism development through collaboration with other economic sectors for sustainable progress.
Exploring Việt Nam ’s fourth highest mountain peak, Bạch Mộc Lương Tử

Exploring Việt Nam ’s fourth highest mountain peak, Bạch Mộc Lương Tử

The top of Bạch Mộc Lương Tử in Lào Cai Province, Việt Nam, is a popular spot for tourists to watch the sunset and take pictures of floating clouds.
Ministry proposes extending visa-free stay to 30 days, e-visa to 90 days

Ministry proposes extending visa-free stay to 30 days, e-visa to 90 days

The relaxed policies aim to attract foreign tourists to Việt Nam amid fierce competition from the countries in the region especially after nations have lifted COVID-19 restrictions.
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