Local for business

The aviation market in Vietnam is vibrant and recovering with the number of international visitors increasing five-fold, according to experts. The local aviation market experienced a strong recovery in April. VNA/VNS Photo According to the Civil Aviation Authority of Vietnam (CAAV), in April, Vietnam's airports handled 6.6 million passengers, down 14.3 per cent compared to the same time last year but the number of foreign visitors reached more than 230,000 in April, an impressive increase of 502 per cent over the same period last year when COVID-19 was developing in a complex fashion. CAAV said Vietnamese airlines transported 3.28 million passengers, including 80,000 foreigners. Compared to the same period last year, the number of international passengers choosing services of Vietnamese airlines rose 214.7 per cent, while the number of domestic passengers dropped 18.2 per cent. As for cargo transport, in April, 140,700 tonnes of cargo were … [Read more...] about Local aviation market sees strong recovery

Prime Minister Pham Minh Chinh speaks at the conference (Photo: VNA) San Francisco - Prime Minister Pham Minh Chinh on May 17 (local time) attended a Vietnam-US trade, investment and tourism promotion conference themed ‘Rediscovering Vietnam’ in San Francisco. The conference, held by the national carrier Vietnam Airlines and two travel groups – Saigon Tourists and Thien Minh Group – to boost the cooperation between enterprises of the two countries and to introduce Vietnam to US friends and partners. Addressing the event, PM Chinh highlighted the development of the Vietnam-US ties, benefiting both countries and contributing to peace, cooperation and development in the world. The Government leader affirmed that economic, investment, trade and science-education cooperation is an important pillar in the bilateral relationship. In the very challenging year of 2021 due to the COVID-19 pandemic, two-way trade still reached 112 billion USD, accounting for nearly … [Read more...] about PM urges US businesses to invest in tourism and trade in Vietnam

Vietnamese Prime Minister Pham Minh Chinh attended a forum on innovation and startups with leading U.S. firms in San Francisco, California on Tuesday morning (local time) within the framework of his working visit. During the event, which was organized by the Asia Society Northern California, PM Chinh stated that Vietnam identifies science and technology, innovation, and entrepreneurship as important driving forces for development in the new era. Startup collaboration between Vietnamese and U.S. partners should focus on climate change response, digital transformation, technology transformation, and supply chain diversification, he continued. Attention should also be paid to the innovation and startup movement among young people. The premier went on to discuss with leaders of major U.S. businesses about opportunities for cooperation in innovation, science, and technology. The Vietnamese government is improving mechanisms and policies to welcome new startups, he stated, adding … [Read more...] about Vietnamese premier discusses innovation, startup cooperation with US businesses

Illustrative image (Photo: VNA) Washington D.C – Vietnamese Minister of Agriculture and Rural Development Le Minh Hoan and Marc Mealy, Senior Vice President for Policy at the US-ASEAN Business Council (USABC), co-chaired a seminar connecting agricultural enterprises of Vietnam and the US on May 13 in Washington D.C. The event took place on the sidelines of Prime Minister Pham Minh Chinh’s trip to the US to attend the ASEAN-US Special Summit. It was attended by representatives from agencies, businesses and associations in the agricultural sector of the two countries and several banks and investment funds, and representatives from some major US industry associations such as the Soybean Export Council, the Grains Council, the National Pork Producers Council and multinational agricultural corporations. At the seminar, a representative of the Ministry of Agriculture and Rural Development informed participants about the priority strategy for the development of Vietnam's agricultural … [Read more...] about Seminar connects Vietnamese, US agricultural businesses

Prime Minister Pham Minh Chinh (right) and New York Stock Exchange (NYSE) President Lynn Martin hold talks with CEOs of major firms listed on the NYSE on May 16. — VNA/VNS Photo Duong Giang Prime Minister Pham Minh Chinh had a roundtable with CEOs from world-leading firms and investment funds listed on the New York Stock Exchange (NYSE) during a visit there on May 16. In the opening address, PM Chinh said global instabilities had impacted both Viet Nam and the US, requiring the companies to help address the challenges. Viet Nam in recent times had strived to keep macroeconomic conditions under control, including exchange rates, inflation and interest rates, as well as budget revenues and expenditure balances, food security, imports and exports. Viet Nam is currently in serious need of developing a healthy, sustainable securities and bonds market, according to the Prime Minister. The PM also informed the company executives of the implementation of the recovery package worth … [Read more...] about PM underlines commitments to facilitate foreign businesses in roundtable with NYSE-listed firms

Medical staff administering a COVID vaccine to a 11-year-old student in the northern province of Hưng Yên in April. — VNA/VNS Photo HÀ NỘI -  The Ministry of Health on Tuesday ordered localities across the country to speed up the COVID-19 vaccination for children aged five to 11 years old and accelerate the booster dose for people above 18 years old. The move came after the ministry reported that the vaccination for children aged from five to 11 years old has been slower than scheduled, and the deployment of the booster dose for those above 18 years old has failed to reach the targeted goal. Data from the ministry showed that as of May 16, the country has administered more than 217 million doses of COVID-19 vaccines, including over 55.4 million booster doses for people above 18 years old and more than 2.5 million doses for children aged from five to under 12 years old. Việt Nam has about 70 million people aged above 18 years old and 11.8 million children aged from five to … [Read more...] about Localities told to speed up vaccination of 5 to 11-year-old children

Mr. Phan Van Mai, Chairman of the People's Committee of HCMC, meets US enterprises. (Photo: hcmcpv.org.vn) Leaders of departments and agencies in HCMC; Ms. Marie Damour, Consul General of the US to HCMC; Mr. Jahanzeb Khan, Vice President of Amcham Vietnam HCMC; Ms. Mary Tarnowka, Managing Director of AmCham Vietnam also attended the seminar. Speaking at the meeting, Mr. Phan Van Mai, Chairman of the People's Committee of HCMC, said that the American business community is one of the strongest and most dynamic business communities in the city, with many contributions to the city's socio-economic development, as well as the relationship between the two countries. Especially, when the city struggled with the fourth wave of the Covid-19 pandemic and implemented an economic recovery program after that, the US business community has actively accompanied the city in connecting HCMC with vaccine manufacturers, donating medical equipment, and calling on the US Government to support … [Read more...] about HCMC highly appreciates companionship of US business community

Prime Minister Phạm Minh Chính addressed the conference 'Rediscovering Việt Nam' held in San Francisco on May 17 (US time). — VNA/VNS Photo SAN FRANCISCO — Prime Minister Phạm Minh Chính on May 17 (local time) attended the US-Việt Nam trade, investment, and tourism promotion conference themed ‘Rediscovering Việt Nam’ in San Francisco. The conference, held by the national carrier Vietnam Airlines and two travel groups – Saigontourist Group and Thiên Minh Group – to boost the cooperation between the enterprises of the two countries and to introduce the image of Việt Nam to US friends and partners. Addressing the event, PM Chính stressed Việt Nam’s consistent foreign policy of independence, self-reliance, diversification, multilateralisation, and commitment to be a good friend, a reliable partner, a responsible member of the international community; and the building of an independent and self-reliant economy associated with active, proactive, extensive international integration … [Read more...] about PM urged US businesses to invest in tourism and trade opportunities with Việt Nam after COVID-19

Prime Minister Pham Minh Chinh addressed the conference 'Rediscovering Viet Nam' held in San Francisco on May 17 (US time). — VNA/VNS Photo Prime Minister Pham Minh Chinh on May 17 (local time) attended the US-Viet Nam trade, investment, and tourism promotion conference themed ‘Rediscovering Viet Nam’ in San Francisco. The conference, held by the national carrier Vietnam Airlines and two travel groups – Saigontourist Group and Thien Minh Group – to boost the cooperation between the enterprises of the two countries and to introduce the image of Viet Nam to US friends and partners. Addressing the event, PM Chinh stressed Viet Nam’s consistent foreign policy of independence, self-reliance, diversification, multilateralisation, and commitment to be a good friend, a reliable partner, a responsible member of the international community; and the building of an independent and self-reliant economy associated with active, proactive, extensive international integration with substance and … [Read more...] about PM urged US businesses to invest in tourism and trade opportunities with Viet Nam after COVID-19

SSIAM has won the Best Business Development award at AsianInvestor magazine’s 2022 Asset Management Awards. — Photo courtesy of SSI SSI Asset Management Company Limited has won the Best Business Development award at AsianInvestor magazine’s 2022 Asset Management Awards. The COVID-19 pandemic had an unprecedented impact on many economic sectors in Việt Nam and globally, including on fund management. Cash flows were significantly affected, partly due to the withdrawal of foreign investors from the market. Faced with that situation, SSIAM has in the last two years quickly transformed, restructured products and expanded cooperation with local and foreign partners, which have helped it gain remarkable successes and improve clients' investment efficiency. To attract foreign investments to Việt Nam, it has tied up with organisations in Korea and Thailand for years. It has also launched new funds. As of December 31 last year the total assets under management by  SSIAM was … [Read more...] about SSI wins Best Business Development award from AsianInvestor