Vietnam visa official

Illustrative image (Photo: tapchitaichinh.vn ) Hanoi (VNA) - Visa Inc., one of the largest electronic payment technology company, has cooperated with the Ministry of Industry and Trade’s Vietnam e-Commerce and Digital Economy Agency (iDEA) to speed up digital transformation in agribusinesses, cooperatives and farmer households in Vietnam. Accordingly, the two sides have signed a cooperation agreement to promote e-commerce applications and acceptance of digital payments in order to affirm the agriculture sector’s key position in Vietnam’s economic development. Dang Tuyet Dung, Director of Visa in Vietnam and Laos, said that through its cooperation with iDEA, Visa can contribute its expertise, and bring its electronic payment solutions closer to Vietnam's agriculture sector. Digitalisation will help create advantages for Vietnamese producers to develop faster, and modernise and improve the capacity of agricultural product distribution systems of the country, she said. …

Continue Reading about Vietnam eyes stronger e-commerce application in agriculture →

Vietnam among markets driving future trade growth: Standard Chartered A recent research by Standard Chartered has listed Vietnam among the 13 markets driving future trade growth, and with its enhanced integration into the global economy, the country is holding numerous advantages for bolstering export. In its research, titled “Future of Trade 2030: Trend and markets to watch”, the bank forecast Vietnam will record an average annual exports growth rate of 7 percent to earn 535 billion USD in revenue in 2030. Notably, up to 41 percent of the global firms surveyed by Standard Chartered are operating in Vietnam or planning to invest in the country in the next five to 10 years. The US and China will remain the largest export markets of Vietnam, respectively accounting for 26 percent and 19 percent of the Southeast Asian country’s total exports by 2030. Meanwhile, shipments to India are also projected to grow fast, by 11 percent annually between 2020 and 2030. With …

Continue Reading about VIETNAM BUSINESS NEWS DECEMBER 2 →

Online Friday 2021 to open on December 3 The Vietnam E-Commerce and Digital Economy Agency under the Ministry of Industry and Trade (MoIT) on November 26 announced an e-commerce week and the Vietnam Online Shopping Day – Online Friday 2021. The Online Shopping Week will be held from November 27 to December 5 while the Vietnam Online Shopping Day – Online Friday 2021 is scheduled for December 3 nationwide. Vietnam will work toward incorporating its Online Shopping Day with the online shopping event in the region to catch up with trans-border e-commerce trend as well as step up cashless payment, thus laying a foundation for authorities to suggest policies in support of enterprises in promotional activities. Consumers across the country could visit the website https://onlinefriday.vn and Online Friday app to acquire information about discounts and promotion programmes by participating firms and shop at websites and apps of others. The online shopping day was started in 2014./. …

Continue Reading about VIETNAM BUSINESS NEWS NOVEMBER 29 →

November CPI up 0.32 percent The Consumer Price Index (CPI) in November was up by 0.32 percent compared to October, according to the General Statistics Office (GSO). It was driven by the hikes of prices of petrol and gas across the globe, as well as consumer goods and services in localities in the new normal. Among 11 groups of main commodities and services, nine experienced rising prices. In the first 11 months, the CPI went up 1.84 percent compared to the same period last year, the lowest level since 2016, attributed to the fuel price hikes by 30.32 percent year-on-year, after 20 adjustments. Housing and construction materials posted a year-on-year expansion of 6.8 percent and education grew 2.44 percent. Meanwhile, foodstuff inched down 0.52 percent and electricity prices dropped 1.06 percent against the same period last year. As COVID-19 prompted travel restrictions, air ticket prices fell 21.39 percent while travel package slipped 2.42 percent. Core inflation in …

Continue Reading about VIETNAM BUSINESS NEWS NOVEMBER 28 →

President Nguyen Xuan Phuc said that Russian enterprises investing in Vietnam are not only international investors but also close friends who contribute to the building of the traditional relationship between the two countries. Vietnamese President Nguyen Xuan Phuc On December 1, 2021, the Vietnam-Russia Business Forum was organized in Moscow with the participation of 100 Vietnamese and Russian enterprises. The forum was an opportunity for Vietnamese enterprises to be introduced to Russian enterprises, distributors and clients, and for Russian businesses to better understand Vietnam as an attractive and safe destination. Speaking at the forum, Phuc said that the outcome of the talk with Russian President Putin, which lasted four hours, outlined the directions to deepen the comprehensive strategic partnership between Vietnam and Russia. The most discussed issues were related to trade, investment and development of the two countries. “Vietnam and Russia have a very good …

Continue Reading about Russian investments are ‘precious bricks’ that build Vietnam-Russia relations →

Illustrative photo (Source: thoidai.com.vn) Hanoi (VNA) – Ensuring the rights of people with disabilities, particularly victims of wartime bombs and chemical toxics, is among top priorities of Vietnam, stated Deputy Minister of Labours, Invalids, and Social Affairs Nguyen Ba Hoan. Making the statement at the ministry’s recent workshop regarding international experience sharing on supporting bomb and mine victims , Hoan informed that the number of bombs and mines left over from the war in Vietnam is about 800,000 tonnes, scattered over about 6.1 million hectares or nearly 19 percent of the total area of the country. From 1975 to date, more than 40,000 people have died and 60,000 people have been injured due to the detonation of these explosive devices. According to the deputy minister, in 2020, the State budget spent 374 billion VND (16.46 million USD) on implementing a policy on education for disabled people, including the bomb and mine victims. The deputy …

Continue Reading about Vietnam prioritises protecting rights of bomb and mine victims: official →

President Nguyen Xuan Phuc meets representatives of the Russia-Vietnam Friendship Association and the Association of Russian Veterans in Vietnam on December 2 . (Photo: VNA) Moscow (VNA) – President Nguyen Xuan Phuc affirmed that Vietnam always treasures and is grateful for the great help that the Russian people, including veterans and friends, have been giving to Vietnam in the struggle for national independence and unification in the past as well as in the construction and development of the country today. Russia-Vietnam Friendship Association and the Association of Russian Veterans in Vietnam within the framework of his official visit to the Russia . President Nguyen Xuan Phuc (third from left) presents a gift to Kaluga Governor Vladislav Shapsha on December 2. (Photo:VNA) On the same day, at a meeting with Vladislav Shapsha, Governor of Kaluga Oblast, President Phuc thanked and appreciated the provincial government for creating favourable conditions for …

Continue Reading about Vietnam always treasures Russia’s help →

Illustrative image (Source: Sputnik) Moscow (VNA) - Nguyen Thi Hoang Van , deputy head of the Party Central Committee's Commission for External Relations, on December 1 and 2 held meetings with leaders of the United Russia Party (URP), the Communist Party of the Russian Federation (KPRF) and the A Just Russia – For the Truth party. During the meetings, which took place in the framework of the official visit to Russia by President Nguyen Xuan Phuc , Van said the Communist Party of Vietnam (CPV) always attaches importance to cooperation with Russia’s political parties, and collaboration via the Party channel, thus contributing to strengthening the Vietnam-Russia comprehensive strategic partnership in an effective and pragmatic manner. She handed over a message of congratulation from Party General Secretary Nguyen Phu Trong to URP leaders on the occasion of the party's 20th anniversary. Deputy Secretary of the URP's General Council Andrey Klimov affirmed that Vietnam …

Continue Reading about Vietnam fosters cooperation with Russian political parties →

Illustrative image (Source: VNA) Hanoi (VNA) – The Vietnam Economic Forum 2021 is scheduled to take place at the International Convention Centre on December 5, the National Assembly’s Office announced at a press conference on December 2. The event will be co-organised by the NA’s Committee for Economic Affairs, the Party Central Committee’s Economic Commission and the Vietnam Academy of Social Sciences. According to Nguyen Minh Son, deputy head of the NA’s Committee for Economic Affairs, the forum will review Vietnam’s economic development in 2020-2021, and policies adopted to cope with the COVID-19 pandemic. Specifically, it will give insight into the trend of economic restructuring and changes in production and business models due to pandemic impacts, along with policies that have been rolled out in the world to tackle COVID-19, thus withdrawing lessons for Vietnam in this regard. Delegates are expected to propose solutions, focusing on both short and …

Continue Reading about Vietnam Economic Forum scheduled for December 5 →

Customs officers at Hai Phong Port in the namesake northern Vietnamese city confirmed on Wednesday that they had discovered nearly 20 kilograms of rhino horns inside two shipping containers from the Philippines. The four animal horns, weighing a combined 19.5 kilograms, were separated into two packages and transported by sea from Manila Port in the Philippines to Nam Hai Dinh Vu Port in Hai Phong City, according to a customs representative. The Institute of Ecology and Biological Resources under the Vietnam Academy of Science and Technology identified the four animal horns seized by the Hai Phong Port customs officers as rhino horns. This supplied photo shows four rhino horns illegally transported from the Philippines to Hai Phong City, Vietnam. Each kilogram of rhino horn fetches over VND1 billion (US$44,000) on the black market. Vietnam’s monthly per capita income in 2020 was estimated at VND4.23 million ($180), according to the official VGP News . The …

Continue Reading about Vietnam customs seize almost 20kg of rhino horns from Philippines →