Vietnam economy news

Visitors at the last edition of the Vietnam International Premium Products Fair. This year the fair will be held from June 2 to 5 at the Saigon Exhibition and Convention Centre. — Photo courtesy of Coex Vietnam HCM CITY — The Việt Nam International Premium Products Fair will be held again in HCM City after being delayed due to the COVID-19 pandemic. VIPREMIUM 2022 returns from June 2 to 5 with a mission of connecting domestic and foreign businesses in the beauty - fashion, premium food and beverages, gift and houseware, smart devices, healthy and eco-friendly items, stationery, and office items industries, according to the organisers. To be held at the Saigon Exhibition and Convention Centre, the fair will have 350 booths set up by 250 companies, and is expected to welcome 10,000 buyers and visitors. Among its highlights will be the Korea Sourcing Fair with brands from across Korea and premium consumer products. Seminars will be hosted on the sidelines by experts on various … [Read more...] about Vietnam International Premium Products Fair attracts over 250 exhibitors

U.S. President Joe Biden said he has a lot of affection for Vietnam and promised to provide more support for the Southeast Asian country during his meeting with Vietnamese Prime Minister Pham Minh Chinh earlier this week. PM Chinh met with President Biden at the White House in Washington, D.C. on Thursday (local time) within the framework of U.S. - ASEAN Special Summit, according to the Vietnam News Agency. During their talks, President Biden said that he personally has a lot of affection for the country and the people of Vietnam. When he was still a senator, Biden and John McCain, his late friend and colleague, had lobbied to promote the U.S. relations with Vietnam, he added. As a leading developed country, the U.S. is eager to cooperate with and assist developing countries in various areas, including economic and trade development, disease prevention and control, and climate change response. U.S. President Joe Biden and leaders of ASEAN member countries pose … [Read more...] about US President Joe Biden has lots of affection for Vietnam: news agency

AFD Executive Director Philippe Orliange (left) has recently paid a working visit to Vietnam. (Photo: VNA) Hanoi (VNA) – Responding to climate change, reducing greenhouse gas emissions and adapting to climate change impacts are among priorities of the French Development Agency (AFD)’s cooperation priorities in Vietnam, AFD Executive Director Philippe Orliange has affirmed. Such cooperation priorities completely match commitments made by Vietnamese Prime Minister Pham Minh Chinh at the 26th United Nations Climate Change Conference of the Parties ( COP26 ) in Glasgow, Scotland (the UK), last November, Orliange said in an interview with the press. The AFD Executive Director, who has recently paid a working visit to Vietnam, also lauded the Vietnamese government’s strong commitments at COP26. Under the cooperation strategy, the AFD has promoted in-depth discussions with Vietnam’s government agencies on policies regarding climate change impacts, during which … [Read more...] about Climate change response among AFD’s cooperation priorities in Vietnam

Warburg Pincus is relishing its opportunities in Vietnam as the economy grows and capital markets develop, said Jeffrey Perlman, Southeast Asia chief of the private equity firm to Reuters. "It's a market that we think there's a lot of opportunity in," quoted Perlman in an interview with Reuters on March 22. "Four, five years ago, even in Vietnam there wasn't an understanding of what was private equity and what it will do to businesses." Warburg Pincus is relishing its opportunities in Vietnam. Vietnam's emergence as a large manufacturing destination next to China helped the Southeast Asian nation's economy grow at 6.8% last year, the strongest since 2010, Reuters reported.The growth is rapidly building up a huge middle class that is boosting consumer spending in a country of about 100 million. Its stock index VNI has risen 20% this year, the best performance in Southeast Asia, after surging by 50% last year. Perlman said the growth in Vietnam's capital … [Read more...] about Warburg Pincus: “Vietnam a big draw for global investor”

Greek President Katerina Sakellaropoulou arrived in Hà Nội's Nội Bài International Airport on Sunday, beginning her official visit to Việt Nam. VNA/VNS Photo HÀ NỘI — Greek President Katerina Sakellaropoulou arrived in Hà Nội on Sunday, beginning her official visit to Việt Nam at the invitation of Vietnamese President Nguyễn Xuân Phúc. Within the framework of the five-day visit, the Greek President will visit the Monument to Heroic Martyrs and Hồ Chí Minh Mausoleum, hold talks with President Nguyễn Xuân Phúc, pay a courtesy visit to Party General Secretary Nguyễn Phú Trọng, and meet with Chairman of the National Assembly Vương Đình Huệ. She will also attend a document signing ceremony and meet with the press, visit the Temple of Literature and attend some local events. The visit is expected to contribute to consolidating political trust and deepening the multi-faceted cooperation between the two countries. The visit takes place in the context that the traditional friendship … [Read more...] about Greek President’s Việt Nam visit expected to deepen multi-faceted cooperation

FPT Software is providing services to more than 700 customers worldwide, including 100 Fortune Global 500 firms. FPT Software, a subsidiary of Vietnamese FPT Corporation, on May 15 opened an office in New York, marking its 10th in the US to tap the annual IT growth rate of 6% in the world’s leading IT market. The opening ceremony was attended by Vietnam’s Prime Minister Pham Minh Chinh, who is on his week-long visit to the US. The opening ceremony of FPT Software's New York Office was attended by Vietnam's PM Pham Minh Chinh (4th from left), and representatives from Vietnam and the US. Photos: VGP Located at 295 Madison Avenue, Midtown Manhattan, the new office, which is FPT Software’s 58th unit globally, aims to continue providing services and digital transformation to dozens of Fortune 500 in the US. Midtown Manhattan is the financial hub of New York City, which is home to famous buildings namely the Empire State, Chrysler, and Rockefeller Center that … [Read more...] about FPT opens new office in New York, 10th in US

Prime Minister Phạm Minh Chính has a meeting with US Special Presidential Envoy for Climate John Kerry in Boston on May 14 (US time). — VNA/VNS Photo Dương Giang HÀ NỘI — Prime Minister Phạm Minh Chính met with US Special Presidential Envoy for Climate John Kerry in Boston on May 14 (local time) as part of his working trip to the US. PM Chính highlighted Kerry’s heartfelt sentiments towards the country and people of Việt Nam, as well as his responsibility and enduring contributions to Việt Nam-US relations over the past years. He also praised Kerry for his role in building the two-Party consensus in the US in supporting the relationship with Việt Nam, especially the settlement of war consequences – part of the process of reconciliation and trust-building between the people of the two countries. Việt Nam consistently pursues a foreign policy of independence, self-reliance, peace, friendship, cooperation, development, multilateralisation and diversification of relations, and … [Read more...] about US climate envoy Kerry pledges to assist Việt Nam with energy transition, climate change

More than 400 Vietnamese women aged 18 to 27 have signed up for the first Miss Sea Tourism Việt Nam 2022 competition launched in Nha Trang City,  Khánh Hòa Province. The event is part of the province’s efforts to promote tourism recovery this year. Photo courtesy of the organiser NHA TRANG — The first Miss Sea Tourism Việt Nam 2022 pageant, held in Nha Trang City, has attracted the participation of more than 400 young aspirants. The contest is part of Khánh Hòa Province's efforts to boost tourism recovery this year. From the aspirants aged 18 to 27 and at least 1.60m tall, 20 candidates will be shortlisted for the semifinal round to be held on Champa Island in Nha Trang from July 7 to 9. The contestants will compete in the categories of traditional costumes, swimsuits, question-and-answer sessions and evening wear. They will also take part in two additional competitions highlighting their work in promoting tourist activities in Khánh Hòa. Ten finalists will vie for the … [Read more...] about Coastal province launches beauty contest to promote tourism

Prime Minister Phạm Minh Chính on May 15 (US time) had meetings in New York with John McAuliff (right) and a group of Americans who supported and advocated for victims of Agent Orange in Việt Nam. — VNA/VNS Photo NEW YORK — Prime Minister Phạm Minh Chính on May 15 (US time) held meetings with American friends who have stood by Việt Nam and its people as part of his working visit to the US. In the meeting with John McAuliff and a group of Americans who have helped support Vietnamese victims of Agent Orange/dioxin, PM Chính said other than looking to future possibilities of bilateral cooperation, the Vietnamese delegation also discussed with the US side the handling of war consequences that still haunt Việt Nam to this day. There are still three million people suffering from the impacts of Agent Orange, not to mention the risks of continuing diseases and deformities afflicting future generations and the millions of hectares of contaminated land, he said. Up to 200,000 Vietnamese … [Read more...] about PM meets with friends of Việt Nam in the US

Prime Minister Pham Minh Chinh (right) and US Special Presidential Envoy for Climate John Kerry . (Photo: VNA) Boston (VNA) – Prime Minister Pham Minh Chinh met with US Special Presidential Envoy for Climate John Kerry in Boston on May 14 (local time) as part of his working trip to the US. PM Chinh highlighted Kerry’s heartfelt sentiments towards the country and people of Vietnam, as well as his responsibility and enduring contributions to Vietnam-US relations over the past years. He also praised Kerry for his role in building the two-Party consensus in the US in supporting the relationship with Vietnam, especially the settlement of war consequences – part of the process of reconciliation and trust-building between the people of the two countries. Vietnam consistently pursues a foreign policy of independence, self-reliance, peace, friendship, cooperation, development, multilateralisation and diversification of relations, and being a good friend and a reliable … [Read more...] about Prime Minister receives US Special Presidential Envoy for Climate