Former minister of industry and trade vu huy hoang

Blockchain-based projects in all kinds of sectors promise enticing income opportunities, Photo: FOTA Vietnam is emerging as one of the blockchain hubs in Southeast Asia and across the globe as the number of startups in this field increases significantly. At the Binance Blockchain Week in Dubai last month, two non-fungible token (NFT) games developed by Vietnamese enterprises were in the top 10 GameFi projects with the highest revenue in the Binance ecosystem. Often bringing in billions of dollars in profits, blockchain is becoming a fertile land that attracts investors and developers, and also those who have the need to find new job opportunities. A report from LinkedIn confirmed that the hiring demand for blockchain programmers will continue to explode in 2022. Positions such as blockchain engineer and blockchain programmer alone account for 15.6 per cent of all LinkedIn job openings, proving the undeniable attractiveness of the blockchain industry in the market. The data … [Read more...] about Blockchain industry yearns for new talent

Steel production at Viet-Duc Steel JSC's factory in Vinh Phuc Province. Viet Nam mainly ships iron and steel to Laos. — VNA/VNS Photo Nguyen Trong Lich Since the establishment of bilateral diplomatic ties in 1962, Viet Nam and Laos have promoted cooperation across numerous spheres, with their trade exchange posting substantial growth, benefiting both countries. During the 2016-20 period, the two-way trade saw stable expansion and reached the target of over US$1 billion, but then suffered from the impact of the COVID-19 pandemic and natural disasters. The Asia-Pacific Market Department at the Vietnamese Ministry of Industry and Trade (MoIT) said that the bilateral trade exceeded $1 billion in 2020, down 11.5 per cent year-on-year, of which Viet Nam’s exports were worth $571.7 million, down 18.5 per cent. However, the bilateral trade bounced back since early 2021, surging 33.3 per cent to $1.37 billion for the year, with Viet Nam’s export revenue reaching $594.7 million, a rise … [Read more...] about Viet Nam-Laos trade ties growing sustainably

Iron and steel are among Vietnam's major export items to Laos. (Photo: VNA) Hanoi (VNA) – Since the establishment of their bilateral diplomatic ties in 1962, Vietnam and Laos have promoted cooperation across spheres, with their trade exchange posting substantial growth, benefiting both countries. During the 2016-2020 period, the two-way trade saw stable expansion and reached the target of over 1 billion USD, but then suffered from the impact of the COVID-19 pandemic and natural disasters. The Asia-Pacific Market Department at the Vietnamese Ministry of Industry and Trade (MoIT) said that the bilateral trade exceeded 1 billion USD in 2020, down 11.5 percent year-on-year, of which Vietnam’s exports were worth 571.7 million USD, down 18.5 percent. However, the bilateral trade bounced back since early 2021, surging 33.3 percent to 1.37 billion USD for the year, with Vietnam’s export revenue reaching 594.7 million USD, a rise of 4 percent from 2020, and its import hitting … [Read more...] about Vietnam-Laos trade ties growing sustainably

The construction of two industrial clusters would address the high demand for production spaces in localities while solving issues of environmental pollution. Hanoi’s authorities on May 18 started the construction of Thang Loi and Tien Phong-Phase 2 industrial clusters in Thuong Tin District. The groundbreaking ceremony. The Tien Phong industrial cluster has a total area of 18 hectares, with the first phase of 7.6 hectares having been completed with an occupancy rate of 100%. The majority of businesses in the cluster are bedding companies. The growing demand for production space of the locals had raised the necessity to expand the Tien Phong industrial cluster further. On March 24, 2022, the Hanoi People's Committee issued decision No.998 to hand over nearly 58,000 square meters for Hoang Tin Investment Development of Infrastructure and City Company to construct the cluster. At the groundbreaking ceremony, Chairman of Thuong Tin District People’s … [Read more...] about Hanoi starts construction of two industrial clusters

Trade promotion 2022 is on the horizon The trade connection programme is within the framework of the National Program on Trade Promotion in 2022, jointly organised by the central agency and localities in the northern and north-central regions. The programme innovates methods of national-level trade promotion activities to adapt to the gradual economic recovery. The highlight of the programme will be 23 booths displaying and introducing unique products and the strengths of localities around ​​Ly Thai To monument square and pedestrian street from May 20 to May 22. At this time, the Ministry of Industry and Trade is quickly building and implementing trade promotion activities, supporting industries to promote production and business as well as achieve the growth targets for this and the following years. According to Do Thang Hai, Deputy Minister of Industry and Trade, the pandemic has dragged down consumption demand, causing export disruption and raw material shortages. Due to … [Read more...] about Trade promotion 2022 on the horizon

The Biden administration's proposed Indo-Pacific Economic Framework (IPEF) aims to offer a U.S.-led platform for negotiating common regional standards around digital trade and data flows, labor standards, carbon emissions reductions and governance. But to the chagrin of some countries and business groups, it will not reduce tariffs between members or include traditional enhancements to market access. Azmin Ali, Malaysia's minister of international trade and industry told Reuters in an interview that the newly launched Regional Comprehensive Economic Partnership (RCEP) gives companies the ability to use Malaysia as a hub to access a market comprising a third of the world's population and a third of global GDP output. "It represents almost 2.3 billion people under RCEP," Azmin said. "So again, we would like to invite these big companies to come to Malaysia and to use Malaysia as a gateway to penetrate a bigger market access and also to enjoy lower tariffs in terms of our export … [Read more...] about Malaysia touts trade access as US Indo-Pacific plan only a ‘good beginning’: trade chief

Vietnamese Prime Minister Pham Minh Chinh stopped over the New York Stock Exchange (NYSE) as part of his U.S. visit on Monday (local time) and rang the bell marking the end of the trading session at ‘The Big Board.’ PM Chinh expressed his pleasure to visit the NYSE, the world's largest stock exchange in terms of market capitalization, and to ring the bell closing the trading session. The premier hoped that the NYSE will give support and share its experience to help promote the development of an effective and sustainable stock market in Vietnam, and build a mutually beneficial partnership with Vietnamese partners, contributing to enhancing the Vietnam-U.S. comprehensive partnership. On this occasion, he witnessed the signing of two cooperation documents in the fields of finance, banking, and investment between Vietnamese and American companies, including the cooperation document between the State Securities Commission of Vietnam and the NYSE on providing support for market … [Read more...] about Vietnamese premier rings bell to close trading session at New York Stock Exchange

Prime Minister Pham Minh Chinh meets President and Chief Executive Officer of Murphy Oil Corporation Roger Jenkins in Washington D.C on May 13. — VNA/VNS Photo Prime Minister Pham Minh Chinh met with President and Chief Executive Officer of Murphy Oil Corporation Roger Jenkins in Washington D.C on May 13 afternoon (local time) as part of his trip to the US. At the meeting with Roger, PM Chinh spoke highly of the cooperation and active participation of Murphy Oil in oil exploration activities in Viet Nam. He welcomed the corporation's plan to expand operations in Viet Nam in the future. Roger praised the Vietnamese market and reported on Murphy Oil's activities in Viet Nam, particularly the progress of the Lac Da Vang oilfield project. He proposed supporting measures to help promote the progress of the project. PM Chinh said he had issued directions relating to the project and the Vietnam Oil and Gas Group (PetroVietnam or PVN) held many meetings with contractors and … [Read more...] about Prime Minister meets with CEO of Murphy Oil Corporation

The prime minister discusses cooperation with Citi Asia-Pacific CEO Also present at the meeting were Vietnam’s Minister of Planning and Investment, the Minister of Industry and Trade, the State Bank Governor, and Vietnam’s Ambassador to the US. Babej was joined by other leading US multinational CEOs including Visa Chairman Al Kelly and S&P president Doug Peterson. Payments, capital markets opportunities, and sustainability were areas covered during the meeting. Citi is partnering with many governments around the world to support them along with its own transition to net-zero. One very good example of that is the MoU launched between Citi and the Vietnam Ministry of Natural Resources and Environment on environmental, social, and governance financing last week. The agreement focused on some of the specific areas where Citi can assist the government in scaling the funding necessary to help meet its net-zero objectives. Specific areas include: - Carbon pricing … [Read more...] about Prime Minister discusses possibility of cooperation with Citi Asia-Pacific CEO

During the 2016-2020 period, the two-way trade saw stable expansion and reached the target of over 1 billion USD, but then suffered from the impact of the COVID-19 pandemic and natural disasters. The Asia-Pacific Market Department at the Vietnamese Ministry of Industry and Trade (MoIT) said that the bilateral trade exceeded 1 billion USD in 2020, down 11.5 percent year-on-year, of which Vietnam’s exports were worth 571.7 million USD, down 18.5 percent. However, the bilateral trade bounced back since early 2021, surging 33.3 percent to 1.37 billion USD for the year, with Vietnam’s export revenue reaching 594.7 million USD, a rise of 4 percent from 2020, and its import hitting 778.2 million USD, up 69.8 percent. The results are attributable to the political resolve by Vietnamese and Lao leaders and the drastic management of competent agencies to remove obstacles facing businesses of the two countries and create optimal conditions for them to quickly adapt to the new situation. In … [Read more...] about Vietnam – Laos trade ties growing sustainably