Eu japan high level industrial trade and economic dialogue

Vietnam’s aviation industry needs to improve to keep up with the global market as flights resume following the pandemic, Deputy Minister of Transport Le Anh Tuan said on May 24. He made the remark at an international seminar titled “Vietnam aviation in a post-pandemic world” organised by Tap chi Cong San (Communist Review) and the Ministry of Transport. There were 42 million international visitors out of 116 million air passengers in Vietnam in 2019, before the pandemic broke out. About half of them came to Vietnam to invest and seek business opportunities. The volume of goods shipped by air reached 1.5 million tonnes in 2019, which was rather low compared to other modes of transport but accounted for 25 percent of the value of exported goods. With a growth rate of over 15 percent per year in the 2010-2019 period, Vietnam's aviation market is considered to be the fifth fastest-growing market in the world and the fastest in Southeast Asia. Due to the impacts of the COVID-19 … [Read more...] about Solutions sought to help Vietnam’s aviation industry take off

At his meeting with British Cabinet Minister and President for the 26th United Nations Climate Change Conference (COP26) Alok Sharma, Khai said that Vietnam has been implementing many overall and comprehensive measures in the field of energy transition and growth model transformation towards a green and circular direction to realize commitments made at COP26. The official underlined that ensuring energy security for growth and reducing emissions at the same time is a very complicated problem that requires the support of the international community in terms of resources, technology, and governance capacity. Therefore, he said that Vietnam hopes that the U.K., the European Union (E.U.) and other member states of the Group of Seven (G7) will soon make specific commitments to supporting Vietnam in this area. For his part, Sharma held that Vietnam has made a proper decision to announce the net-zero emission commitment at the COP26, lauding Vietnam’s efforts to realize the commitments, … [Read more...] about Deputy PM busy with meetings on threshold of WEF meeting

Though the benchmark VN-Index has lost nearly 19 percent this year, the bank said it was confident about the long-term prospects of the market as companies have been "on a roll" in terms of growth and profits in recent years. The average earnings per share of listed companies had grown by 35 percent last year, and while trading had dipped in the last few months, the Vietnamese market had surpassed Singapore and Indonesia to become the second largest in Southeast Asia behind only Thailand. Local retail investors accounted for around 87 percent of trading. Though foreigners had been mostly withdrawing from the market for nearly three years, they "have started to dip their toes into this market again" in the past few weeks. This was because only seven of the 30 biggest stocks on the main bourse, the Ho Chi Minh Stock Exchange, had reached their foreign ownership limit. Overall the VN-Index had a foreign ownership limit of 44 percent, and current foreign holdings were at less … [Read more...] about HSBC optimistic about Vietnam stock market despite plunge

At the meeting, participants reviewed and  commented on the report on the outcomes of the realization of the CMC’s Resolution No.520 on leading the military to carry out production, economic development coupled with defense consolidation by 2020 and build a draft resolution on the CMC’s leadership over the work by 2030. The participants agreed that over the past years, the CMC has given timely recommendations to the Politburo to issue policies on the military engaging in production, economic development coupled with defense consolidation and in handling shortcomings in defense land management and use. The CMC has directed the  planning of building and developing defense-economic areas, renovating the operation of defense-economic units, raising the efficiency of military businesses, manufacturing products of dual-use. Under the CMC’s leadership, the production and labor activities of regular units have gradually come into order while foreign economic activities have reaped … [Read more...] about Defense Minister chairs meeting of CMC Standing Board

This is recognised as a significant step forward in the sustainable development and expansion of MM Vietnam in distribution network system for the 5-year period from 2020 to 2025 to better serve its professional customers especially HoReCa channel. The delegates cut the ribbon in the opening ceremony of new MM’s Depot in Sapa Located on the main crossroad about two kilometers from the town center, Sapa Depot spreads over a land area of 480 square meters, in which the total area of the warehouse is 394 square meters. Its target customers comprise business or professional customers who have been providing their products and services in the hospitality industry in Sapa. As an important part of MM Mega Market Vietnam’s supply chain and sourcing management, Sapa Depot aims to provide a wide range of leading-edge products to better support its customers’ evolving demands in a timely manner, while enabling it to offer further solutions within 38 kilometers from Lao Cai City … [Read more...] about MM Mega Market Vietnam expands its footprint in the North with opening Sapa Depot

Hanoi (VNA) – The following is a brief review of the day’s events as reported by the Vietnam News Agency on May 24. - Deputy Prime Minister Le Minh Khai on May 23 led a Vietnamese delegation to attend the 52nd World Economic Forum (WEF) annual meeting. He proposed the establishment of a food innovation hub for Southeast Asia in Vietnam when addressing the “Averting a Global Food Crisis” session, a panel discussion with World Food Programme Executive Director David Beasley, UAE Climate and Environment Minister Mariam Mohammed Saeed Al Mheiri, Tanzania’s Vice President Philip Isdor Mpango, and CEO of the Swiss agriculture company Syngenta, J Erik Fyrwald. Read full story - The Ministry of Foreign Affairs and the US Embassy on May 24 co-organised a ceremony to inaugurate the US-Vietnam Cooperation Centre at the Diplomatic Academy of Vietnam (DAV)’s campus in Hanoi. The new centre is an outcome of the partnership between the embassy’s Public Affairs Section and the DAV which … [Read more...] about ☕ Afternoon briefing on May 24

Workers processing seafood at a Vinh Hoan factory. VHC was among stocks lifting indices yesterday. — Photo seafood.vasep.com.vn The market ended bullish on Tuesday as strong buying forces brought an upswing on blue chips, lifting indices. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index started off the afternoon session with an inverse head and shoulders pattern but later broke the neckline to reach 1,233.38 points, up 14.57 points, or 1.2 per cent. The market’s breadth was positive with advancers outnumbering decliners by 223 to 211. Notably, three stocks hit floor prices whereas six hit ceiling prices. The market’s liquidity was low with only 479 million shares traded on the southern bourse, equivalent to VND12 trillion (US$520 million). The 30 biggest stock tracker VN30-Index rose by 17.36 points, or 1.38 per cent, to end at 1,272.71 points. In the basket, 26 stocks climbed while four slid. Masan Group (MSN) continued to lead the market rally with a gain of 4.31 … [Read more...] about Market ends bullish on strong buying forces

Education World Forum 2022 will make a valuable contribution to Vietnam's broader education partnerships and development as a leading economy of the future. Education World Forum 2022 (EWF) has supported Vietnam to find opportunities for sustainable education partnerships, Vietnamese Ambassador to the UK Nguyen Hoang Long has said. While attending the four-day EWF 2022 in London from May 22-25, Long stressed that EWF is a great opportunity for Vietnam to learn about cooperation between the UK and other countries, not only in the field of education but also economy. “The Vietnamese Government regards high quality human resources education as one of the strategic breakthroughs for sustainable development of the country. The basic and comprehensive renewal of the education system is currently our key mission for international integration,” Long said. The ambassador added that Vietnam wishes to cooperate with the UK to fulfill the commitments made at the 26th UN Climate Change … [Read more...] about Vietnam seeks opportunities for sustainable education partnerships