Partnership business model

Education company Nguyen Hoang Group carried out charity programmes this month, handing over cash, food, drinks, and other daily necessities to shelters, orphanages and nursing homes in the provinces of Tien Giang, Dong Nai, Ba Ria-Vung Tau, Kon Tum, and Gia Lai. … [Read more...] about Businesses seek to spread Tet cheer to disadvantaged

HCM City (VNA) - The Vietnam Sanitary and Phytosanitary Notification Authority and Enquiry Point (SPS Vietnam Office) has expressed the country’s concern over Brazil’s application of regulations that go beyond international practices on shrimp and tra fish imported from Vietnam. SPS Vietnam has asked the country’s permanent mission to the UN, the WTO, and other international organisations in Geneva to liaise with Brazil’s permanent mission to the WTO to convey Vietnam’s concern. Deputy Director of SPS Vietnam Ngo Xuan Nam said the office proposed online bilateral meetings be held to discuss the issue and that necessary procedures be conducted to include Vietnam’s concern on the agenda of the Committee on Sanitary and Phytosanitary Measures’ March session. Regarding Brazil’s rules on fish and shrimp imports that do not match international practices, Ngo Hong Phong, Deputy Director of the National Agro-Forestry-Fisheries Quality … [Read more...] about Vietnam concerned about Brazil’s rules on aquatic imports

Hanoi (VNA) - Deeper integration into the global value chain while developing an increasingly independent and self-controlled economy are both a requirement and a solution to help Vietnam overcome the challenges to realise its goal of rapid and sustainable development, according to Party Central Committee member and Minister of Industry and Trade Tran Tuan Anh. Anh made the statement in his presentation at discussions on January 28 during the on-going 13th National Party Congress. Placing emphasis on the importance of the industrial sector, he said it has been a driver for socio-economic development and the realisation of the country’s industrialisation and modernisation. Along with the achievements brought about by the “Doi Moi” (Renewal) policy, he highlighted several challenges in industrial development. The sector at present mainly engages in simple, low-added value processes such as assembling, a shortage of uniform development, and suffers from loose links in … [Read more...] about Deeper integration into global value chain crucial: Minister

Hanoi (VNA) – Tuna exporters in the central provinces of Khanh Hoa, Binh Dinh and Phu Yen said the number of tuna orders from the US, Canada, Brazil and Columbia in January rose significantly as compared to the same time last year. As orders increased by four to five times, tuna export prices also climb by up to 30 percent over the previous month. Last year, Vietnamese tuna appeared ideally placed to take advantage of the EU-Vietnam Free Trade Agreement (EVFTA), with shipments rising 0.5 percent year-on-year to 126 million USD during January-November. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), tuna exports to Italy, Germany, and Spain rose 60 percent, 20 percent, and 41 percent, respectively. Under the agreement, which came into effect on August 1, the EU has eliminated tariffs on fresh and frozen Vietnamese tuna, with 11,500 tonnes of canned tuna and 500 tonnes of canned fish balls benefiting from the exemption annually. The bloc also … [Read more...] about Exporters rejoice at surging tuna orders in January

Hanoi (VNA) – The National Payment Corporation of Vietnam (Napas) and seven domestic banks recently launched domestic credit chip cards with unified standards to promote cashless payments and tackle black credit. The seven banks are Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank), Ban Viet Joint Stock Commercial Bank (Viet Capital Bank), Asia Commercial Bank (ACB), HCM City Housing Development Commercial Joint Stock Bank (HDB), Bao Viet Bank (BVB), Sai Gon Thuong Tin (Sacombank) and Vietnam Thuong Tin (Vietbank). The cards will be accepted at more than 235,300 points of sale and 14,380 ATMs nationwide. Cardholders can also withdraw cash at ATMs of Napas’ partners in the Republic of Korea and ASEAN countries of Thailand and Malaysia. Cardholders will be given an interest-free period of up to 55 days compared to the typical 45 days. The acceptance points will have to pay fees of about 1.1-1.3 percent of the transaction values, lower than other … [Read more...] about Banks launch domestic credit chip cards