Vietnam government

Vietnam expects to create the utmost favorable environment for foreign companies to be successful in the country. Chairman of the National Assembly Vuong Dinh Hue on June 29 held several meetings with executives of UK multinationals, including Prudential, Standard Chartered, Pacific Land, Pearson, and Enterprize Energy. All executives have expressed their good impression and pledged to commit long-term presence in Vietnam. NA Chairman Vuong Dinh Hue and President of Prudential Shriti Vadera. Source: VNA President of Prudential Shriti Vadera said the company's business performance was positive during the Covid-19 pandemic, expressing her delight to be part of Vietnam’s development. Vadera suggested Prudential could further contribute to the country’s economic growth  by taking part in the long bond issuance. Chairman Hue welcomed Prudential’s successes in Vietnam, saying insurance corporations remain key partners of the State in Government bond issuance. … [Read more...] about UK multinationals pledge long-term presence in Vietnam

UK trade minister Anne-Marie Trevelyan said the country wants to be a part of Vietnam’s development story in the 21st century, and fostering bilateral trade relations is among its priorities. Vietnam and the UK should set a trade turnover target of over US$10 billion by 2023, which would be a meaningful step to mark the 50 th anniversary of Vietnam-UK diplomatic relations next year. Chairman of the National Assembly Vuong Dinh Hue (mid) at the forum. Source: VNA Deputy Prime Minister Le Van Thanh gave the remarks at the Vietnam-UK High-level Forum on Economy and Trade held on June 29. The event is one of the highlights of a visit to the UK by the high-ranking delegation from the National Assembly of Vietnam led by Chairman Vuong Dinh Hue from June 28-30. According to Thanh, the Vietnam-UK strategic partnership has progressed strongly over the years and contributed to socio-economic development in each country. Thanh expected the partnership would … [Read more...] about Vietnam-UK target US$10-billion trade turnover by 2023

Vietnam has posted GDP growth of 7.72% in Q2 this year. (Photo: VNA) Hong Kong (VNA) – The Lianhe Zaobao daily in Hong Kong, China, on June 30 ran an article highlighting Vietnam’s impressive economic growth of 7.72% in the second quarter. It wrote that with export and consumption recovery, the Vietnamese economy rebounded strongly in Q2, with gross domestic product (GDP) increasing 7.72% year on year – the fastest pace in almost 11 years. This is expected to boost the GDP growth in the first half of 2022 to 6.42% from a year earlier, beyond the Government’s 5.5% expectation. The country recorded a growth rate of only 2.04% in the same period last year. Unveiling the statistics on June 29, the General Statistics Office (GSO) of Vietnam stressed that compared to other ASEAN members and countries in the world, this is a relatively high growth rate, and that the country has also maintained macro-economic stability, according to Lianhe Zaobao. The article noted … [Read more...] about Hong Kong daily spotlights Vietnam’s impressive growth

An overview of the forum (Photo: VNA) Hanoi (VNA) – National Assembly Chairman Vuong Dinh Hue attended the Vietnam-UK high-level forum on economy and trade in London on June 29 (local time), as part of the leader’s ongoing visit to the UK. Aiming to seek stronger economic, trade and investment partnership between the two countries, the event drew Vietnamese Deputy Prime Minister Le Van Thanh, Britain Secretary of State for International Trade Anne Marie Trevelyan, and MP Graham Stuart, UK Prime Minister's Trade Envoy to Vietnam, and a large number of Vietnamese and Britain businesses. Addressing the event, Deputy PM Thanh highlighted important progress in the Vietnam-UK Strategic Partnership , as well as great chances for both sides to bolster their ties from the UK-Vietnam Free Trade Agreement ( UKVFTA ). He underlined that both sides should optimise advantages from the deal by encouraging the promotion of the two-way trade and investment, and creating favourable … [Read more...] about NA Chairman attends Vietnam-UK high-level forum on economy, trade

The Vietnam Office for Seeking Missing Persons (VNOSMP) handed over remains of American soldiers missing in action during the war in Vietnam to the US in a ceremony held at Da Nang International Airport on June 30. A handover of remains of missing US soldiers is held in Da Nang in September 2019. (Photo: VNA) The US side included representatives from the US Embassy in Hanoi and the US Missing in Action (MIA) Office in Hanoi (DET2). The two sets of remains returned to the US side this time were the results of the two countries’ 146th and 147th joint searches from February to June. Examined by both Vietnamese and American forensic specialists in Da Nang, they were found to potentially link to missing US servicemen in Vietnam. They will be sent to Hawaii for further examination. The search for missing US soldiers' remains from the war in Vietnam has been an ongoing humanitarian activity jointly conducted by the Vietnamese and US Governments. This was the … [Read more...] about Vietnam hands over more remains of US soldiers missing in action

Aiming to seek stronger economic, trade and investment partnership between the two countries, the event drew Vietnamese Deputy Prime Minister Le Van Thanh, Britain Secretary of State for International Trade Anne Marie Trevelyan, and MP Graham Stuart, U.K. Prime Minister's Trade Envoy to Vietnam, and a large number of Vietnamese and Britain businesses. Addressing the event, Deputy PM Thanh highlighted important progress in the Vietnam-U.K. Strategic Partnership, as well as great chances for both sides to bolster their ties from the U.K.-Vietnam Free Trade Agreement (UKVFTA). He underlined that both sides should optimize advantages from the deal by encouraging the promotion of the two-way trade and investment, and creating favorable conditions for enterprises of both sides to explore each other’s market and foster connection, thus striving for a trade value of over USD 10 billion by 2023. Thanh affirmed Vietnam's high political determination in realizing commitments made at the … [Read more...] about N.A. Chairman attends Vietnam-U.K. high-level forum on economy, trade

The PM also proposed Japan support Vietnam in accelerating digital transformation in justice and capacity building in defending international legal cases, particularly in the fields of politics, trade and economy. He affirmed that the Government of Vietnam is providing all enabling conditions to strengthen legal and judicial cooperation between the two ministries of justice, which plays a part in stepping up the Vietnam – Japan extensive strategic partnership. Describing Japan as Vietnam’s long-term, trusted and leading partner which shares many common strategic benefits with Vietnam, PM Chinh said Vietnam backs Japan in playing a role in maintaining peace, stability, cooperation and development in the world and the region. Japan has remained Vietnam’s largest ODA provider and second biggest destination for Vietnamese guest workers and among the country’s top investors and trade partners, he said, adding that the two countries have seen expansion in collaboration in digital … [Read more...] about Vietnam proposes Japan help in law-making capacity building

Illustrative photo (Source: VNA) Hanoi (VNA) – A host of new policies , including those on minimum wage increase , paper bill elimination , and new ordinary passports, are due to come into force in July. Accordingly, a new decree, coded 38/2022/ND-CP, on raising the regional minimum wage for labourers will come into effect on July 1. The 6 percent increase is equivalent to a rise of 260,000 VND (11.20 USD) in Region 1, and 240,000 VND, 210,000 VND, and 180,000 VND in Regions 2, 3, and 4, respectively. The document to this effect also specifies that the minimum hourly wage will range from 15,600 to 22,500 VND, which also depends on the region. The geographical classification is determined based on the employer’s place of operation. Region 1 covers Hanoi and Ho Chi Minh City's urban areas; Region 2 encompasses Hanoi and HCM City's rural areas, along with major urban areas in the country like Can Tho, Da Nang and Hai Phong; Region 3 covers provincial cities and the … [Read more...] about Policies to take effect in July

The report aligns with the United Nations 17 Sustainable Development Goals and covers all company’s markets “This sustainability report marks an important milestone in our journey as a responsible, inclusive business, that has ESG principles firmly embedded in its values and DNA,” said Jean-Pascal Duvieusart, CEO at Home Credit Group. “I would like to thank all our employees, who continue to demonstrate creativity, passion, and dedication in everything they do. They are living proof that when ESG is consciously embedded in our culture and mindsets, real change happens,” Duvieusart said. Jiri Smejc, CEO of PPF Group and chairman of the board of Home Credit Group said, “Fairness to customers, employees, and communities has always been part of our DNA. It is who we are. ESG principles now give us a tool to show our responsible business practices in a formal, comprehensive way. And I am proud that we can already count a number of milestones on our ESG journey.” Digital … [Read more...] about Home Credit publishes its 2021 Sustainability Report

NA Chairman Vuong Dinh Hue (R) meets with Prudential Chairwoman Shriti Vadera in London on June 29. (Photo: VNA) London (VNA) – National Assembly (NA) Chairman Vuong Dinh Hue received leaders of some enterprises of the UK in London on June 29 (local time), part of his official visit to the European country. Talking to Prudential Chairwoman Shriti Vadera, the NA leader congratulated the firm on its successes in the world as well as in Vietnam, expressing his hope that it will continue operating successfully in the country and fulfill its social responsibility. He affirmed that the Vietnamese Government and NA are ready to consider and deal with the problems facing businesses, including those from the UK, when operating in Vietnam. Vadera said Prudential is delighted to be part of the country’s development, and it can help with this process by issuing long-term bonds. The insurer pledges to cooperate with the Vietnamese Government in green investment, insurance … [Read more...] about NA Chairman receives leaders of British enterprises in London