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
Viet a test kit scandal
Viet Nam promotes solutions to improve national credit rating
Truong Hung Long, director of the Department of Debt Management and External Finance under the Ministry of Finance. Improving the national credit rating is implemented with a long-term vision to reduce the cost of capital mobilisation, enhance the country's reputation, and meet the needs of socio-economic development in the future. Truong Hung Long, director of the Department of Debt Management and External Finance under the Ministry of Finance, spoke with Vietnam News Agency about the issues. The Prime Minister has just approved a project to improve the national credit rating by 2030. The Department of Debt Management and External Finance is assigned to develop and implement the project. What will the department do to fulfil this task? The Government issued Decision 304/QD-TTg on February 6, 2013 to approve a project on improving the national credit rating. That created favourable conditions for the Government in accessing the international capital market. It is also a way … [Read more...] about Viet Nam promotes solutions to improve national credit rating
N.A. Chairman visits Lao – Viet Bank in Vientiane
LVB was established on June 22, 1999 and had charter capital of 791.3 billion LAK (100 million USD at the date of capital contribution). Present in nine of the 18 provinces and cities in Laos, it is Vietnam’s leading commercial bank and also one of the three largest financial institutions in the country, with total assets currently approximating 1.1 billion USD - ranking third in the local banking system. Speaking highly of the bank’s development over the last 23 years, Chairman Hue, who is paying an official visit to Laos, said BIDV should help promote investment and give advice to Vietnamese firms planning to invest and do business in Laos. As bilateral trade stands at only 1.3 billion USD at present, much lower than the target of 2 billion USD, enterprises should make use of the Lao market, which is in close proximity to Vietnam. Aside from credit services, BIDV and its LVB need to develop non-credit ones so as to help achieve that target, he went on. The great friendship, … [Read more...] about N.A. Chairman visits Lao – Viet Bank in Vientiane
Vietnam, Laos boost construction of road linking two capital cities
There should be special mechanisms for economic ties between the two countries. The governments of Vietnam and Laos are closely working on the construction of the Hanoi-Vientiane expressway project that will facilitate sea access to land-locked Laos. Chairman of Vietnam’s National Assembly Vuong Dinh Hue speaks with Vietnamese businesses in Laos on May 15. Photos: Quochoi The information was released by Chairman Vuong Dinh Hue of Vietnam’s National Assembly who is on his three-day visit to Lao starting on May 15. Hanoi-Vientiane expressway, which is being built with funding from Japan, will enable Laos to access the sea in Vung Ang Seaport, Vietnam’s central province of Ha Tinh. Launched in 2016, the 725-km project, with an estimated investment of US$4.5 billion, is expected to boost economic connectivity between the two countries and Thailand’s northeast. Hue said the two countries' economic ties need to be boosted to become commensurate to the strong … [Read more...] about Vietnam, Laos boost construction of road linking two capital cities
VGreen spreading vast benefits of living greener
VGreen notes that healthier drinks are the party trend of the future A decade ago, “green consumption” was still very new to consumers. This not only made it difficult for businesses and manufacturers in the food and beverage sector but also hindered the needs of customers to access healthy products. Established in 2006, VGreen has been a pioneer in the production of alcohol substitutes with ingredients mainly from fresh tropical fruit and green tea from Vietnam. From the successful experience of producing pure fermented grape wine and juice in the central province of Binh Thuan in 2015, the brand continues to resonate, becoming the pioneer in producing Kombucha tea from Thai Nguyen tea in a cooperation programme with Thai Nguyen Department of Science and Technology. VGreen works with Vietnamese provinces to use their fruit materials Faithful to the mission of building and spreading a safe and healthy lifestyle, VGreen puts quality, sustainable efficiency, and … [Read more...] about VGreen spreading vast benefits of living greener
PM meets Permanent Delegation of Việt Nam to the UN
Prime Minister Phạm Minh Chính had a meeting with Permanent Delegation of Việt Nam to the United Nations in New York on May 15. — VNA/VNS Photo Dương Giang NEW YORK — Officials and staff at Vietnamese representative agencies must keep abreast of global issues such as pandemic response, resource exhaustion, population aging, and climate change in order to fulfill their tasks, Prime Minister Phạm Minh Chính said on May 15 (US time) in New York. He made the request during a meeting with the Permanent Delegation of Việt Nam to the United Nations (UN) as part of his trip to the US. These issues require a global approach, he said, calling for the cooperation of countries and multilateralism, of which the most important mechanism is the UN. At the same time, the mission should strictly follow the foreign policy of independence, for peace, friendship, cooperation and development, multilateralisation, and diversification of external relations. According to the PM, it is … [Read more...] about PM meets Permanent Delegation of Việt Nam to the UN
COVID-19 new cases in Việt Nam on May 16 afternoon
Cases reported in Hà Nội (437), Bắc Ninh (98), Yên Bái (76), Quảng Ninh (75), Nghệ An (64), Vĩnh Phúc (63), Tuyên Quang (61), Thái Bình (54), Phú Thọ (53), Hải Dương (45), Quảng Bình (44), Thái Nguyên (44), Lào Cai (33), Bắc Kạn (25), Bình Dương (24), Đà Nẵng (22), Hà Tĩnh (22), Hưng Yên (22), Thanh Hóa (22), Ninh Bình (21), Hải Phòng (19), Hồ Chí Minh City (19), Hòa Bình (17), Hà Nam (16), Nam Định (16), Bình Phước (15), Cao Bằng (15), Quảng Trị (14), Sơn La (11), Bà Rịa-Vũng Tàu (11), Điện Biên (11), Quảng Ngãi (11), Hà Giang (11), Lạng Sơn (8 ), Lâm Đồng (7), Tây Ninh (6), Lai Châu (5), Bến Tre (5), Phú Yên (5), Cà Mau (4), Bắc Giang (4), Long An (3), Bình Định (3), Đồng Tháp (2), Khánh Hòa (2), Vĩnh Long (1), Kiên Giang (1), Hậu Giang (1) … [Read more...] about COVID-19 new cases in Việt Nam on May 16 afternoon
Plans in place to strengthen Greece – Việt Nam ties
Greek President Katerina Sakellaropoulou and Vietnamese President Nguyễn Xuân Phúc during the press conference. — VNA/VNS Photo Thống Nhất HÀ NỘI — President Nguyễn Xuân Phúc and Greek President Katerina Sakellaropoulou on Monday emphasised the importance of enhancing relations between the two countries. This is the Greek President's first official visit to Việt Nam. Vietnamese President Phúc praised the hard work carried out between the two countries to make progress with existing relations and revealed plans are in place to strengthen ties in the future. He told the press conference: "The relations between the two countries have seen significant progress recently, and we have set out specific directions and strategies to further deepen our cooperation in all aspects. "We also discussed a number of regional and international issues of mutual concern.” President Katerina Sakellaropoulou said that this visit will enhance relations between the two countries, the first time … [Read more...] about Plans in place to strengthen Greece – Việt Nam ties
Norway-Việt Nam to further cooperate in various fields
Norwegian Ambassador Grete Lochen writes to Việt Nam News on Norwegian Constitution Day, celebrated on May 17. Another Norwegian Constitution Day has come. I am very happy but also emotional to share my last address on this day as Norwegian Ambassador to Việt Nam. Norwegians celebrate May 17 as our National Day. On this day in 1814, Norway’s first constitution was signed. The Norwegian constitution is the second oldest in the world still in use. 208 years have passed but the core values of sovereignty of the people, separation of powers and individual rights enshrined in our Constitution remain because they form the backbone of Norway today. Openness, free exchange of opinions, inclusive decision-making processes and effective rule of law are the cornerstones of a modern, dynamic society. Therefore, the Norwegian society understands that we must continue to protect these values actively at home and through our international work. This is more important than ever in a world of … [Read more...] about Norway-Việt Nam to further cooperate in various fields
Việt Nam-Laos trade ties growing sustainably
Steel production at Việt-Đức Steel JSC's factory in Vĩnh Phúc Province. Việt Nam mainly ships iron and steel to Laos. — VNA/VNS Photo Nguyễn Trọng Lịch HÀ NỘI — Since the establishment of bilateral diplomatic ties in 1962, Việt 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 Việt 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 Việt Nam’s export revenue reaching $594.7 … [Read more...] about Việt Nam-Laos trade ties growing sustainably