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Of the total, the export value of apparel, phones and components, and seafood hit US$392.278 million, US$314.862 million, and US$139.5 million, growing 57.59, 22.97, and 73.56 percent annually, respectively. In 2021, despite Covid-19, Vietnam shipped goods worth US$5.3 billion to Canada, an annual increase of 20.8 percent. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), of which both nations are members, has been considered the leverage behind such growth. The pact came into force in late 2018. Vietnam also signed a free trade agreement with Canada, therefore enjoying tariff reduction or elimination. Notably, since January 1, 2021, Canada removed a total of 96.3 percent of the tax lines for goods originated from Vietnam. According to the Vietnam Trade Office in Canada, Vietnam is the biggest partner in Southeast Asia of the North American nation. However, room for Vietnamese products to enter the Canadian market remains large, as their value now … [Read more...] about Vietnamese goods make inroads into Canadian market

Vietnamese business software-as-a-service (SaaS) startup True Platform announced on Monday that it had recently closed a US$3.5 million round of seed funding, one of the largest capital investment deals in Southeast Asia. The angel investors include January Capital, Alpha JWC Ventures, BEENEXT, FPT Corporation, and many others. The funding round was led by January Capital, a venture capital firm headquartered in Singapore with a portfolio of 40 startups, from pre-seed rounds to Series C, in the Asia Pacific region, True Platform said in a statement. According to statistics from investment site Crunchbase , the average value of about 260 most valuable investment deals announced in Southeast Asia is $1.6 million. Among those, there have been only 31 deals worth over $3.5 million, making True Platform one of the most successful fundraisers in the region. Investors in True Platform hold high expectations for founder Pham Kim Hung, who previously founded Base.vn in 2016, an … [Read more...] about Vietnamese tech startup raises one of SE Asia’s largest capital investments

In response to an inquiry from Bloomberg News, SeABank CEO Le Thu Thuy said that the bank may make an offer to sell around 13.78 per cent of its current charter capital. The bank has not as of yet settled on a particular agenda for the potential deal. According to persons who are familiar with the subject, the bank is working with a financial adviser to try to pique the interest of potential purchasers, which may include private equity firms and other financial institutions. SeABank could allegedly sell up to 15 per cent. One of SeABank's former minority owners was the French financial institution Societe Generale SA, which has been a stakeholder in the Vietnamese bank for close to ten years. In 2019, they sold off their stake in this venture. By Tri Lam … [Read more...] about Vietnamese lender SeABank to sell up to 15 per cent of its stake to foreign investors

Torrential rains resulted in serious flooding along many streets in Bac Ninh and Bac Giang Provinces, northern Vietnam on Tuesday morning, leaving many cars almost fully submerged. In Bac Giang City, the capital of the namesake province, severe inundation was recorded on Hoang Van Thu and Ngo Gia Tu Streets, as well as at the Nguyen Van Cu-Nguyen Thi Luu intersection and Quang Minh Apartment Building. Floodwaters reached as high as 50 centimeters, posing difficulties for commuters and causing many cars and motorbikes to break down. Cars are submerged along a heavily flooded street in Bac Ninh Province, Vietnam, May 24, 2022. Photo: B.Ninh / Tuoi Tre A similar situation also occurred in multiple locations in Bac Ninh City under Bac Ninh Province, especially along the section of Lac Long Quan Street in front of Hoang Gia Apartment Building, where many cars were almost under the water. This location is the lowest point of the city, said Ngo Van Thuc, head of the … [Read more...] about Torrential rains sink streets in northern Vietnamese provinces

The show will present to music lovers the Candide Overture by Leonard Bernstein which was the most popular piece of contemporary classical music ever written; L'Arlésienne Suite No. 2 by Georges Bizet; Gabriel Faure’s Volin Concerto in D Minor, and John Adams’s Short Ride in a Fast Machine; and Poeme et Danse of Vietnamese-American composer P.Q. Phan. The musical works will be performed by pianist Vincent Adragna, Vietnamese-American violinist Vu Viet Chuong (Chuong Vu) and artists of the HBSO under the baton of Japanese conductor Honna Tetsuji. Internationally acclaimed Vietnamese violinist Chuong Vu received his Doctor of Musical Arts degree from the University of North Texas, where he held a doctoral fellowship and a teaching fellowship. He is currently Artistic Director of Vietnam Connection Music Festival and the Dallas-based International Chamber Players. Chuong has appeared as a soloist with Dallas Asian American Youth Orchestra, University of North Texas’s Baroque … [Read more...] about HBSO presents Friendship Concert at HCMC Opera House

The festival will present to music lovers three special concerts featuring classical music masterpieces which will be performed by domestic and international artists at the municipal Opera House, including American violinist Stephanie Chase , Chinese-born violinist Zhan Shu, Canadian violinist Christina Bouey, the Paris-based Arod Quartet , Vietnamese-American violinist Vu Viet Chuong, and local violinists Bui Cong Duy and Hoang Linh Chi along with musicians from the HCM City Ballet Symphony Orchestra and Opera (HBSO). Vietnam Connection music Festival (VNCMF) was founded in 2015 by Vietnamese-American violinist Vu Viet Chuong (Chuong Vu) and violinist Bui Cong Duy. The festival with the main purpose of performing and teaching classical music is a venue of Vietnamese and international artists. It has become an expected event every year. Internationally acclaimed Vietnamese violinist Chuong Vu received his Doctor of Musical Arts degree from the University of North Texas, where he … [Read more...] about Vietnam Connection Music Festival 2018 to be held in HCMC

Representatives of Generali Vietnam hand over gift sets to children in Binh Dinh Province. — Photo by the company More than 500 parents, children, and teachers discussed child health, behaviour and intelligence at a workshop in Binh Dinh Province on May 23. The event, Sinh Con, Sinh Cha (Born Children, Born Parents), was jointly organised by Generali Vietnam in collaboration with the National Fund for Vietnamese Children (NFVC) and Binh Dinh Department of Labour, Invalids and Social Affairs. The workshop facilitated discussion on three practical and useful parenting topics: making meals enjoyable and nutritious for the children; managing parenting anger to avoid hurting children; and making plans to spend quality time with children. Participants also focused on the programme's three main content pillars of intelligence, behaviours and health of children aged 0-6 years. At the event, Generali Vietnam's representatives handed 250 gift sets to all participating children, 250 … [Read more...] about Workshop discusses child health, behaviour

Vietnam has outperformed major regional indices, making the market nearly quadrupled in size compared with the start of 2012 and the trading exceeding $1 billion a day. In its latest report, HSBC has stated that many funds already have Vietnam’s stock market on their radar with excitement about the country’s potential inclusion in the emerging market (EM) index. Vietnam's stock market expected a bright future. Photo: The Hanoi Times If the inclusion weight for Vietnam in EM Asia is 2%, inflows would be US$8-9 billion. That is 1.4x the current allocation by foreign funds and close to eight days of trading, HSBC noted in its latest study. The FTSE added Vietnam to a watch list in September 2018 for possible reclassification to secondary EM status, due in September 2022. The market is yet to make it onto MSCI’s watch list, but if required reforms are implemented, it might meet the necessary criteria ahead of May 2023, it added. On a roll According to the … [Read more...] about Vietnam’s stock market on foreign funds’ radar amid possible upgrade to EM status: HSBC

The Vietnamese Government will implement solutions to ensure the efficient management and use of the funds. Vietnam’s National Assembly Standing Committee has decided to allocate over VND92 trillion (US$3.9 billion) from the central budget for the 2021-2025 period to localities implementing three national target programs. Three national target programs include a program for socio-economic development in ethnic minority and mountainous areas, one for new rural area construction, and another for sustainable poverty reduction. Some US$3.9 billion will be allocated to three national target programs. Photo: Quochoi.vn Under Resolution No.517 signed by Chairman of the National Assembly Vuong Dinh Hue on May 22, over VND47 trillion (around $2 billion) will be allocated to the implementation of the national target program for socio-economic development in ethnic and mountainous areas. Meanwhile, VND18 trillion ($777 million) will be spent on the national … [Read more...] about Vietnam allocates over US$3.9 billion to three national target programs

The cooperation is expected to take effect at the beginning of the school year 2022 - 2023. Hanoi University (HANU) has discussed many educational cooperation opportunities with Italy’s Ferrara University (Unife) to improve training quality for its students, HANU’s Rector Nguyen Van Trao. Dr. Nguyen Van Trao (second from left) and his partners in the education project. Photo: Khac Kien “The two universities will jointly apply to the KA107 Erasmus+ program for the exchange of students from the same majors. Unife also sends graduates to HANU to practice teaching Italian as a foreign language,” Trao said after he finished his four-day working visit to Italy's educational institution on May 20. He added that the two sides agreed to sign many cooperation agreements on education and training, which are expected to take effect at the beginning of the school year 2022 - 2023. As chief national coordinator of the project Monitoring Trends In Vietnamese graduates’ … [Read more...] about Hanoi university cooperates with Italian partner to improve training quality