PM attends World Economic Forum on ASEAN

10:01 | 12/05/2017 News and Events Follow Ven.vn on

Prime Minister Nguyen Xuan Phuc attend the 26th World Economic Forum on ASEAN (WEF-ASEAN) in Phnom Penh on May 11, emphasising the creation of a new growth driving force to maintain the bloc’s dynamic development and competitiveness.

PM attends World Economic Forum on ASEAN

Prime Minister Nguyen Xuan Phuc

In his speech at the opening plenary themed “ASEAN: 50 Years Young”, the PM highlighted achievements on development and regional integration ASEAN has obtained over the past 50 years, saying that the bloc’s dynamic development has offered opportunities to businesses.

He said to maintain its dynamic development and competitiveness, ASEAN should not only depend on resources and its young labour force, but also create a stronger growth driving force from renovation.

Apart from renewing economic management and governance, ASEAN countries need to equip and provide people, especially young labourers, with the necessary skills to master advanced technology, meeting requirements on new jobs.

The PM proposed establishing a working group to study and put forth policies on education, vocational training and start-up promotion, in order to encourage businesses to invest in or fund start-up initiatives of ASEAN youngsters.

As a dynamic member of ASEAN, he said, Vietnam is working toward sustainable growth by improving growth quality and taking advantage of the fourth Industrial Revolution to raise labour productivity, competitiveness and gain a higher place on the global value chain.

Vietnam is working to build a constructive government, promote institutional reform, create a conducive environment for enterprises and people, especially the youth, and uphold the start-up spirit and dynamism of the nation.

Later, PM Nguyen Xuan Phuc and other ASEAN leaders were provided with a report on ASEAN development and integration by the WEF’s ASEAN regional strategic group.

The 26th WEF ASEAN takes place on May 11-12 amidst ASEAN celebrating its 50th anniversary. It is scheduled to have 40 panels focusing on youth, technology and growth.

The event draws the participation of over 600 delegates, including senior leaders, ministers of ASEAN member countries and countries like Japan, the Republic of Korea, and representatives from international organisations and regional and global groups.

Following the opening session, PM Nguyen Xuan Phuc had bilateral meetings on the side lines of the event.

NDO/VNA

See more news

Võ Văn Thưởng elected new President of Việt Nam

11:00 | 02/03/2023 News and Events

A total of 487 deputies out of the 488 present at the NA Building in Hà Nội voted to pass the parliament's resolution on electing Thưởng to the post.

US asked to help facilitate export of Vietnam’s fresh fruits

09:46 | 02/03/2023 Major exports

Deputy Minister of Industry and Trade Do Thang Hai has called on the US Department of Agriculture (USDA) to promote the approval process for irradiation facilities so as to facilitate the export of Vietnam’s fresh fruits to the US.

MoIT releases new personnel decisions

06:06 | 02/03/2023 News and Events

(VEN) - On March 1, 2023, the Ministry of Industry and Trade (MoIT) organized a meeting to release new personnel decisions of the ministry’s Party Civil Affairs Committee and leadership.

UK’s joining CPTPP to benefit agreement members

00:00 | 28/02/2023 Vietnam and other regions

The UK’s participation in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will bring about wonderful trade and investment opportunities to each CPTPP member, while affirming the deal as a model of economic cooperation in the region in the 21st century, a Vietnamese official has said.

Vietnam, China’s Hainan province strengthen trade ties

06:10 | 26/02/2023 Vietnam and other regions

Minister of Industry and Trade Nguyen Hong Dien and the visiting Secretary of the Party Committee of China’s Hainan province, Shen Xiaoming, reached consensus on measures to strengthen trade ties at a meeting in Hanoi on February 22.

VIFA EXPO 2023 to take place in HCM City

09:09 | 23/02/2023 News and Events

The Vietnam International Furniture and Home Accessories Fair (Vifa Expo 2023) will take place from March 8 to 11 at the Saigon Exhibition and Convention Centre in Ho Chi Minh City, according to organisers.

Workshop helps Canadian firms understand more about Vietnamese market

10:10 | 20/02/2023 Vietnam and other regions

A workshop to help Canadian businesses better understand about the Vietnamese market was held in both online and in-person format in Vancouver by the Vietnam-Canada Business (VCB) Association on February 18.

Minister asks India to open market for farm produce

15:40 | 17/02/2023 Vietnam and other regions

Minister of Industry and Trade Nguyen Hong Dien received Indian Ambassador to Vietnam Sandeep Arya in Hanoi on February 14, during which Dien proposed that the Indian side speed up the opening of its market for Vietnamese farm produce and fresh fruits.

Vietnam attends organic food fair in Germany

09:26 | 17/02/2023 News and Events

Ten Vietnamese businesses are participating in Biofach 2023, a leading organic foodtrade fair, which is taking place in Nürnberg city in the southern German state of Bayern from February 14-17.

Conference discusses support for Vietnamese businesses in Cambodia in removing difficulties

13:00 | 15/02/2023 Vietnam and ASEAN

The Vietnamese Embassy in Cambodia on February 14 organised a meeting with Vietnamese businesses operating in Cambodia to discuss measures to help the businesses tackle obstacles to their investment and business.

Latest Most Read

Offshore wind energy an essential base load power source: official

14:30 | 20/03/2023 Energy

Offshore wind energy has great potential to contribute to the energy security goals of Việt Nam, according to deputy head of the Party Central Committee's Economic Commission Nguyễn Đức Hiển.

Hòa Bình Province exports first batch of fresh sugarcane to US

14:19 | 20/03/2023 Major exports

The first 20-tonne batch of fresh sugarcane from Hòa Bình bound for the US was announced at a ceremony held in the northern mountainous province on Sunday.

Vietnam introduces automated sorting system

13:00 | 20/03/2023 Make in Vietnam

(VEN) - The successful design, manufacturing and operation of an automatic goods sorting system has contributed to optimizing the production process and cutting the costs of logistics enterprises. Vietnam Economic News’ Quynh Nga interviewed Dr. Phan Dang Phong, Director of the National Research Institute of Mechanical Engineering (NARIME) under the Ministry of Industry and Trade (MoIT), about this technology.

King Coffee and Tín Thành Group partner to build a tyre plant in the US

10:20 | 20/03/2023 Vietnamese Brands

Vietnamese King Coffee and Tín Thành Group have entered into a partnership to build a tyre filling and recycling plant in South Carolina, the US.

Vietnam joins ASEAN bazaar in Argentina

10:14 | 20/03/2023 Vietnam and other regions

The Vietnamese Embassy in Argentina, in collaboration with diplomatic missions of Malaysia, Thailand, the Philippines and Indonesia, all members of the Association of Southeast Asian Nations (ASEAN), organised an annual bazaar on March 18.

Trade deal with EU a hit so far

06:00 | 07/03/2023 Vietnam and EU

(VEN) - Vietnam's exports to the EU have seen positive growth more than two years after the EU-Vietnam Free Trade Agreement (EVFTA) took effect in August 2020. Vietnam Economic News’ Nguyen Hoa spoke with Nguyen Anh Duong, Head of the Central Institute for Economic Management’s (CIEM) Department for General Economic Studies about these developments.

Vietnam slow to exploit Pacific Rim trade opportunities

06:00 | 09/03/2023 Vietnam and other regions

(VEN) - Vietnam is looking back at the first three years of the Pacific rim trade deal known as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) with a sense of accomplishment, but also frustration at unmet challenges.

Trade deal with UK bolsters Vietnamese exports

06:00 | 08/03/2023 Foreign trade

(VEN) - The United Kingdom is the world’s fourth largest importer, but Vietnam’s share accounts for less than one percent of its total import value, signaling ample room for increased Vietnamese exports to this market.

Vietnamese pomelos star in UK market

06:00 | 06/03/2023 Vietnamese Brands

(VEN) - First Dien pomelos from the northern province of Hoa Binh are now available on the shelves of Longdan supermarkets in the UK, welcomed by the Vietnamese community in the country and local consumers.

Credit crunch burdens real estate market

06:00 | 03/03/2023 Finance-Banking

(VEN) - Credit plays a major role in the recovery of the real estate market, but in light of major debts, experts are advising that capital be provided only for reliable projects.

Multimedia

Video Longform Infographic Photo

Amazingly beautiful Ninh Thuan

09:13 | 20/03/2023 Video

(VEN) - The south central coastal province of Ninh Thuan is renowned for its beautiful, pristine beaches and vast white salt fields. Visitors are recommended to travel to the province from April to June to enjoy their summer vacations, and from August to October when the grape-harvesting season falls and unique local festivals of the Cham people take place.

Tra fish exports hold promise after China reopens borders

07:00 | 20/03/2023 Infographic

Tra fish exports are expected to recover shortly with China gradually reopening its borders.

Lao Cai Province welcomes first Chinese tourists after three years

08:49 | 17/03/2023 Tourism

Eighty Chinese tourists entered Vietnam via the Lao Cai International Border Gate on March 15 afternoon, marking the return of Chinese travellers to the northern mountainous province of Lao Cai after a three-year hiatus caused by the COVID-19 pandemic.

viet nams grilled bananas among worlds most delicious desserts

Việt Nam's grilled bananas among world’s most delicious desserts

06:00 | 20/03/2023 Lifestyle

CNN described the sweet course as crispy, smoky and fragrant, and best enjoyed with lightly sweetened creamy coconut milk and roasted peanuts.

a dish to try beef ore you go buon ma thuots famous beef in tamarind sauce

A dish to try beef-ore you go, Buôn Ma Thuột's famous beef in tamarind sauce

06:00 | 18/03/2023 Lifestyle

Many restaurant owners claim that the dish's fame is due to the special marinated ingredients that can be found exclusively in this hilly part of Việt Nam.

Policy

Animal feed industry asks for import tax reduction on raw materials

09:55 | 20/03/2023 Policy

The Government has received a proposal from the Vietnam Feed Association to eliminate the import tax on soybean meal, currently set at 2%.

Over 250 petitions submitted to authorities on fragility of petroleum regulations

18:07 | 16/03/2023 Policy

The petitions concern the alteration of petroleum business restrictions in decrees No.83/2014/ND-CP and No.95/2021/NQ-CP, resulting in losses for retail establishments.

New legal documents in second half of February 2023

07:00 | 12/03/2023 Policy

VEN lists the latest legal documents issued by the Vietnamese Government, ministries and state agencies.

Companies allowed to make bond payments with other assets

07:00 | 09/03/2023 Policy

Companies shall be allowed to make bond payments with other assets, according to the Government's recently-released Decree 08/2023/ND-CP issued.

Industry & Trade

Offshore wind energy an essential base load power source: official

14:30 | 20/03/2023 Energy

Uncorking bottlenecks for support industry development

06:00 | 18/03/2023 Industry

(VEN) - Vietnam is mulling legislation to boost the low localization rate of its industrial production and means to modernize its support industries and increase their participation in the local and foreign value chain.

Da Nang greens textile-garment industry

13:00 | 17/03/2023 Energy

(VEN) - Textile and garment enterprises in the southcentral coastal city of Da Nang are seeking to green their production through the use of renewable energy, waste reduction and wastewater standardization.

High cost of construction materials puts pressure on Việt Nam's construction industry

10:13 | 15/03/2023 Industry

According to contractors and investors in Hà Nội, while the price of cement has stabilised, other essential building materials such as steel and construction sand continue to increase in price.

Investment

Da Nang hopes for further investment from RoK city

09:13 | 17/03/2023 FDI

Secretary of the Da Nang municipal Party Committee Nguyen Van Quang said he hopes that the city of Daegu in the Republic of Korea (RoK) will cooperate with the Vietnamese central city and invest more in its hi-tech sector, along with education, training and tourism.

Initiative speeds up investment disbursement

06:00 | 14/03/2023 Domestic investment

(VEN) - Prime Minister Pham Minh Chinh has asked ministries, sectors and localities to ensure the quality and effectiveness of public investment projects and achieve a higher disbursement rate in 2023.

Hanoi builds synchronous policies to draw foreign investment

07:25 | 11/03/2023 FDI

A conference linking hundreds of Hanoi and Singaporean enterprises was held in the capital city of Hanoi on March 7. The event was co-hosted by the municipal Department of Industry and Trade, the Vietnam Trade Office in Singapore, the Singapore Chinese Chamber of Commerce and Industry (SCCCI) and the Vietnam Chamber of Commerce and Industry (VCCI).

Quang Ninh strives to complete procedures for 18 FDI projects in 2nd quarter

09:19 | 09/03/2023 FDI

The northeastern province of Quang Ninh is striving to complete investment procedures for 18 foreign direct investment (FDI) projects within the second quarter of this year.

Finance-Banking

Vietnam seeks response to corporate tax overhaul

06:00 | 20/03/2023 Finance-Banking

(VEN) - All European Union states and many other countries will introduce a global minimum tax (GMT) of 15 percent on large corporations by the start of 2024, and Vietnam is being urged to devise appropriate policies and adapt to the new taxation.

Vietnam’s regulatory interest rates to be reduced by 0.5-1 percent

07:05 | 16/03/2023 Finance-Banking

The State Bank of Vietnam (SBV) on March 14 issued two decisions to reduce regulatory interest rates by 0.5% to 1%, which will come into force on March 15.

Global Minimum Tax a head-scratcher for Vietnamese policymakers

06:00 | 13/03/2023 Finance-Banking

As many countries plan to adopt the Global Minimum Tax Rate (GMTR) in 2024, experts are concerned that the entry into force of the rate would discourage foreign companies from locating their operations in low-tax countries.

Program seeks to solve business capital needs

13:00 | 10/03/2023 Finance-Banking

(VEN) - A series of commercial banks have moved to reduce lending interest rates in response to strong messages by the Government and the State Bank of Vietnam (SBV) about supporting the economy and business sector.

Environment

Practical effective activities urged to mark World Water Day

10:03 | 20/03/2023 Environment

The Ministry of Natural Resources and Environment has asked other ministries, agencies, sectors, localities, and organisations to take practical and effective activities to mark the World Water Day (March 22), the World Meteorological Day (March 23), and the Earth Hour 2023 (March 25).

BKEET steams ahead with waste treatment

13:00 | 15/03/2023 Make in Vietnam

(VEN) - After research spanning 20 years, solid waste incinerators produced by the Bach Khoa Hanoi Energy and Environment Joint Stock Company (BKEET) are operating across the country.

Tree planting campaign targets carbon neutrality

06:00 | 13/03/2023 Environment

(VEN) - Vietnam has embarked on a nationwide tree planting campaign designed to benefit the environment and enhance the quality of life.

Can Tho, USAID foster collaboration to mitigate climate change effects

09:00 | 11/03/2023 Environment

Leaders of the Mekong Delta city of Can Tho on March 9 had a working session with a delegation from the United States Agency for International Development (USAID) led by its Administrator Samantha Power, during which the two sides discussed collaboration in climate change response and how to support people affected by the natural phenomenon.

Science - Technology

Vietnam introduces automated sorting system

13:00 | 20/03/2023 Make in Vietnam

Domestic ICT firms well-positioned to reach out to the world

06:00 | 20/03/2023 Science - Technology

Vietnam's information and communication technology (ICT) companies are well-positioned to make strong breakthroughs and reach out to the world in the near future, on the back of widespread Internet access, abundant workforce and support from authorities at all levels.

Innovation platforms boosting sustainable development announced

06:00 | 18/03/2023 Science - Technology

The Institute for Innovation and Development (IID) on March 15 held a “Drive Innovation for Impact” event to announce three digital innovation platforms boosting sustainable development.

Vietnam well-positioned to benefit from AI website

06:00 | 16/03/2023 Science - Technology

Artificial intelligence (AI) is poised to revolutionise economies, and Vietnam is well-positioned to reap the benefits and emerge a leader – both development and application, highlighted an article run at intelligent global legal research platform Lexology.com.

PM attends World Economic Forum on ASEAN

See also

See more news

Multimedia