Facing fears quotes

Chairman of the Korean Business Association in Viet Nam, Shon Young Il, speaks at a dialogue between Korean business executives and HCM City authorities on June 24. — VNA/VNS Photo Xuan Anh The chairman of the Korean Chamber of Commerce and Industry in Viet Nam, Shon Young Il, has called on HCM City authorities to help Korean firms resolve difficulties they face in investing and operating in the city. Shon was speaking at a meeting between Korean business executives and city officials late last week organised by the People’s Committee and Korean consulate general in the city. The meeting was held to review the performance of Korean enterprises and for the city officials to listen to their problems and offered solutions. The problems discussed included some related to labour, with Shon saying a number of businesses complained about difficulties in obtaining work permits for foreign workers. Reducing costs, including salaries, is an imperative part of doing business, and so … [Read more...] about HCM City promises to ease problems faced by Korean investors

Indonesia became a Covid-19 epicenter last year, even surpassing hotspots like Brazil and India. Its healthcare system was on the verge of crumbling when vaccines came to the rescue. Some Vietnamese workers in Indonesia told me they had no other option but to self-isolate because they could not find a single dose of vaccine. But the situation is different now. There is still an issue with Covid vaccines, but it is no longer about people not getting them; it is about the fact they are going to expire soon. At the end of May Indonesia began to dispose of millions of vaccines after giving 96 percent of its population at least one shot. Around 80 percent received a second and 22 percent also got a third. Other countries are doing the same. To address the problem of vaccine oversupply and the risk of expiration, the U.S. has included 500 million doses in its national vaccination program this year, twice the number originally planned. Some 620,000 doses had to be disposed of by … [Read more...] about No need for Covid mandates for fear of vaccine expiration

The Ministry of Finance is working on amending and supplementing Decree No. 153/2020/ND-CP on private offering and trading of corporate bonds in the domestic and international markets. — Photo baogiaothong.vn The Vietnamese stock market has gone through nearly half of 2022 with turbulence and remarkable events, especially the Government's crackdown on illegal activities manipulating the market. At the moment, the market is struggling as both liquidity and the benchmark index fall sharply. Experts said that monetary policy tightening from the US Federal Reserve (Fed), prolonged Russia-Ukraine conflict and China's zero COVID policy will indirectly affect the country's stock market. Stock market crackdown In the first half of 2022, many big business owners such as Do Thanh Nhan, Chairman of the Board of Louis Holdings Group and Le Anh Dung, President of Tan Hoang Minh Group, were arrested for illegal activities in the stock and corporate bond market. These cases showed the … [Read more...] about Stock market faces bumpy ride in second half of 2022

Illustrative image (Photo: VNA) HCM City (VNA) – Vietnam exported over 206,000 tonnes of cashew nuts worth 1.19 billion USD in the first five months of 2022, down 7.81% in volume and 6.81% in value, the Vietnam Cashew Association (VINACAS) reported. cashew nuts with a total value of nearly 1.4 billion USD, down 35.24% in volume and 37.84% in value. raw cashew imported from Africa increased by 15-20 percent this year compared to the same period last year. climate change . There were also signs of pests and diseases in major cashew growing areas. VNA … [Read more...] about Cashew industry faces huge challenges

A health worker injects COVID-19 vaccine for a local resident in Selangor, Malaysia. (Photo: XINHUA/VNA) Kuala Lumpur (VNA) – Malaysia is not likely to see an exponential spike in daily Covid-19 cases despite the possibility of facing a new wave of infection in the next few months, local media said, quoting the opinion of a virologist. Dr Kumitaa Theva Das at Universiti Sains Malaysia said what set Malaysia apart from other countries currently facing the new wave of COVID-19 infections were high vaccination and booster rates. According to her, the vaccination and booster rates in Malaysia are one of the highest in the world, so it provides a certain amount of protection, at least against severity against re-infections. Malaysia also retain its indoor mask-wearing mandate and people are still wearing them outdoors, which are effective in keeping people safe, she said. Earlier, Health Minister Khairy Jamaluddin cautioned Malaysians to brace for a possible new … [Read more...] about Surge in COVID-19 cases unlikely in Malaysia: expert

Five talents were revealed at the final of the football talent recruitment tournament hosted by Red Bull and HAGL FC Through the event, the young gifted footballers got the chance to show off their talent and passion, approach professional vocations, unleash positivity, and ignite their inner strength. The tournament is among the efforts of the long-term growth commitment of TCP Group in Vietnam. The finals were conducted on June 26 at the Seventh Military Region Stadium in Ho Chi Minh City, drawing over 5,000 fans. Saravoot Yoovidhya, CEO of TCP Group stated, “I am really glad to witness the positive and energetic atmosphere during the finals of the tournament. The love of football, the great atmosphere, and the fearlessness of talents spread positivity throughout the community. This is also TCP Group's purpose, which is to energise everyone to boldly and happily conquer all obstacles, making a better world for all." In the finals, 20 chosen talents from the local … [Read more...] about Red Bull and HAGL FC tournament reveal five fresh football talents

Cashew exports reduced both in volume and value in the first five months of the year. — Photo congthuong.vn Viet Nam’s cashew exports reduced significantly in both volume and value in the first months of the year, exports for the entire year are forecast to be lower than last year, according to the Viet Nam Cashew Association (Vinacas). Speaking at a meeting to review the industry’s performance in the first half of the year and set plans for the latter half, Tran Van Hiep, Vinacas’ deputy chairman, said cashew exports in the first five months fell by 7.81 per cent in volume and 6.81 per cent in value to 206,111 tonnes and US$1.19 billion, respectively. The average export price was about $5,792 per tonne, up 1.45 per cent over the same period in 2021. Enterprises imported about 968,000 tonnes of raw cashew nuts from abroad worth nearly $1.4 billion, down 35.24 per cent in volume and 37.84 per cent in value in the first five months. But the price of raw cashews imported from … [Read more...] about Cashew exports to slow in 2022 amid global inflation, Russia sanctions

International School Ho Chi Minh City featured in Queen’s Official Platinum Jubilee Pageant Commemorative Album Dan Truong set to excite audiences at Sun Fest concert Schneider Electric launches inaugural Global Partner Recognition Program Dettol joins hands with HCMC University Medical Center to celebrate World Hand Hygiene Day Capella Hanoi Hotel ranked among top 100 in the world Marc-Antoine Lucchini, Head of Foundation and General Medicines at Sanofi , recently had a business trip to several Asian countries. Among those countries, Viet Nam was highly evaluated for its potential market for healthcare development. The effort of digital transformation and sustainability commitment from Sanofi Like many countries, Viet Nam is facing heavy burdens of morbidity and mortality caused by non-communicable diseases. Being able to control risk factors, improve disease prevention, make early diagnoses and manage treatments of such … [Read more...] about “Viet Nam is a promising market for healthcare,” Senior global leader of Sanofi shared of his business travel to Asia.

National Assembly Chairman Vương Đình Huệ meets representatives of the Vietnamese entrepreneur community in Europe in Budapest on June 26. — VNA/VNS Photo Doãn Tấn BUDAPEST — National Assembly (NA) Chairman Vương Đình Huệ met representatives from the Vietnamese entrepreneur community in Europe in Budapest on June 26 evening (local time), as part of his official visit to Hungary. Hoàng Mạnh Huê, president of the Union of Vietnamese Business Associations in Europe, said that the community has made great strides in recent years with encouraging successes, and become an effective bridge between the Vietnamese and European markets. They not only import a lot of commodities from Việt Nam into the European market and the supply chain of businesses in the host countries but also have been very successful in building a stable and efficient business model in accordance with the host countries’ laws, Huê added. The Vietnamese business community in Europe has deeply integrated into local … [Read more...] about NA Chairman meets Vietnamese entrepreneurs from across Europe in Hungary

They "will have the opportunity to engage over the course of the next few weeks," National Security Advisor Jake Sullivan said. A new call between the leaders of the world's two biggest economies has been long expected amid tensions over trade, China's sabre rattling around Taiwan, and pressure on Beijing not to help Russia get around Western sanctions over the Ukraine invasion. A week ago, Biden said he planned on "having a conversation with President Xi." "We haven't set a time yet," he said, while a few days earlier he'd said the call could be "soon". The last video conference between the two leaders was on March 18, when Biden warned Xi against assisting Russia in its invasion of Ukraine. A key item in the next discussion will be Biden's possible decision to lift some of the trade tariffs imposed under Donald Trump, with billions of dollars of Chinese imports facing 25 percent duties. The penalties were aimed at punishing what the United States says are China's … [Read more...] about Biden, Xi to contact each other in ‘next few weeks’: US official