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National Assembly Chairman Vương Đình Huệ meets representatives of the Vietnamese entrepreneur community in Europe in Budapest on June 26. — VNA/VNS Photo Doãn Tấn BUDAPEST — National Assembly (NA) Chairman Vương Đình Huệ met representatives from the Vietnamese entrepreneur community in Europe in Budapest on June 26 evening (local time), as part of his official visit to Hungary. Hoàng Mạnh Huê, president of the Union of Vietnamese Business Associations in Europe, said that the community has made great strides in recent years with encouraging successes, and become an effective bridge between the Vietnamese and European markets. They not only import a lot of commodities from Việt Nam into the European market and the supply chain of businesses in the host countries but also have been very successful in building a stable and efficient business model in accordance with the host countries’ laws, Huê added. The Vietnamese business community in Europe has deeply integrated into local … [Read more...] about NA Chairman meets Vietnamese entrepreneurs from across Europe in Hungary

Hoang Manh Hue, President of the Union of Vietnamese Business Associations in Europe, said that the community has made great strides in recent years, with encouraging successes, and become an effective bridge between the Vietnamese and European markets. They not only import a lot of commodities from Vietnam into the European market and the supply chain of businesses in the host countries, but also have been very successful in building a stable and efficient business model in accordance with the host countries’ laws, Hue added. N.A. Chairman Hue said that Vietnamese enterprises in Europe play an important role in introducing and selling Vietnamese products and developing distribution channels for them in foreign markets. The Party and State appreciate the coordination of the overseas Vietnamese community, with the entrepreneur association playing a core role, in helping Vietnam fight the COVID-19 pandemic, he said. Informing participants on the domestic situation, the N.A. … [Read more...] about N.A. Chairman meets Vietnamese enterpreneurs, people living in Hungary

Hungary was the first European Union state to approve the EU-Vietnam Investment Protection Agreement (EVIPA). Vietnam and Hungary are expected to sign an agreement on cooperation between the two parliaments in replacement of the one inked in 2008. Chairman of Vietnam’s National Assembly Vuong Dinh Hue and István Jakab, Deputy Speaker of the National Assembly of Hungary, in Budapest on June 26 (local time). Photos: VNA The agreement would be signed during the visit to Budapest by Chairman of Vietnam’s National Assembly Vuong Dinh Hue on June 26-28 at the invitation of Speaker of Hungary’s National Assembly László Kövér. The parliamentary cooperation is evidence of the Comprehensive Partnership agreed in 2018 during the visit paid by General Secretary of the Communist Party of Vietnam Nguyen Phu Trong to the European country. The cooperation agreement is believed to cover three main fields namely the exchange of visits of high-profile officials and … [Read more...] about Vietnam, Hungary to sign new parliamentary cooperation agreement

Vietnam wants to learn from Hungary’s experience in developing information-technology (IT) policies in the context of the fourth industrial revolution, said Minister of Information and Communications Truong Minh Tuan. At a meeting with Hungarian Minister of National Development Miklos Sesztak in Hanoi on September 25, Tuan called on Hungary to share its experience in implementing programmes and projects on information and communication technology (ICT) application in state administrative management like e-Government, e-certification and information safety, among others. Minister of Information and Communications Truong Minh Tuan (R) and Hungarian Minister of National Development Miklos Sesztak He suggested the two sides to boost cooperation in the research and development of national database system, internet of things (IoT), icloud, artificial intelligence and smart cities. Tuan said on the basis of cooperation agreements reached by the two ministries, … [Read more...] about Vietnam cooperates with Hungary in ICT cooperation

The Fusion brand has a unique identity, one built on an innovative take on wellness-inspired hospitality. Fusion Resort & Villas Danang – the first residential project of Fusion in Vietnam delivers on that identity, with its core values reflected in every detail of the property. Located on the coast of Non Nuoc Beach with an area of 15.75 hectares at the gateway to the UNESCO world natural heritages Hue, Hoi An Ancient Town, and My Son Sanctuary, Fusion Resort & Villas Danang is a special project developed by Lodgis Hospitality Holdings, a hotel investment platform and joint venture between Warburg Pincus and VinaCapital. Fusion Resort & Villas Danang will offer outstanding facilities and an array of dining options to render guests’ gastronomic journey memorable, with the resort’s overlooking the pool and ocean; a beachside grill house and bar restaurant, and another restaurant and bar located on the 10 th floor of the hotel. Diners can take in the panoramic … [Read more...] about Fusion Resort & Villas Danang celebrates premium launch

Cashew exports reduced both in volume and value in the first five months of the year. — Photo congthuong.vn HCM CITY — Việt Nam’s cashew exports reduced significantly in both volume and value in the first months of the year, exports for the entire year are forecast to be lower than last year, according to the Việt Nam Cashew Association (Vinacas). Speaking at a meeting to review the industry’s performance in the first half of the year and set plans for the latter half, Trần Văn Hiệp, Vinacas’ deputy chairman, said cashew exports in the first five months fell by 7.81 per cent in volume and 6.81 per cent in value to 206,111 tonnes and US$1.19 billion, respectively. The average export price was about $5,792 per tonne, up 1.45 per cent over the same period in 2021. Enterprises imported about 968,000 tonnes of raw cashew nuts from abroad worth nearly $1.4 billion, down 35.24 per cent in volume and 37.84 per cent in value in the first five months. But the price of raw cashews … [Read more...] about Cashew exports to slow in 2022 amid global inflation, Russia sanctions

Chairman of the Korean Business Association in Việt Nam, Shon Young Il, speaks at a dialogue between Korean business executives and HCM City authorities on June 24. — VNA/VNS Photo Xuân Anh HCM CITY — The chairman of the Korean Chamber of Commerce and Industry in Việt Nam, Shon Young Il, has called on HCM City authorities to help Korean firms resolve difficulties they face in investing and operating in the city. Shon was speaking at a meeting between Korean business executives and city officials late last week organised by the People’s Committee and Korean consulate general in the city. The meeting was held to review the performance of Korean enterprises and for the city officials to listen to their problems and offered solutions. The problems discussed included some related to labour, with Shon saying a number of businesses complained about difficulties in obtaining work permits for foreign workers. Reducing costs, including salaries, is an imperative part of doing … [Read more...] about HCM City promises to ease problems faced by Korean investors

Defendants at the appellate trial on Monday morning in Hà Nội. — VNA/VNS Photo Phạm Kiên HÀ NỘI — The People’s Court of Hà Nội on Monday morning started an appellate trial for 19 defendants and related parties involved in violations at the Đà Nẵng-Quảng Ngãi Expressway project. The trial panel is chaired by Judge Mai Anh Tài. The appellate trial is set to take place between Monday and Thursday. More than 25 lawyers are representing the defendants. The trial is to hear the appeal of the 19 defendants, the appeal of the civil plaintiff and that of parties with related interests and obligations. At the end of 2021, the People's Court of Hà Nội sentenced 36 defendants to be between two years suspended sentence to eight years and six months in prison for violating regulations on construction investment, causing serious consequences. The project was invested by the State-owned Việt Nam Expressway Corporation (VEC) with a total length of nearly 140km. The first section of the … [Read more...] about Hà Nội People’s Court starts appellate trial for 19 defendants related to Đà Nẵng-Quảng Ngãi Expressway project

Hanoi, (VNA) – The following is a brief review of the day’s events as reported by the Vietnam News Agency on June 27. -National Assembly (NA) Chairman Vuong Dinh Hue met representatives from the Vietnamese entrepreneur community in Europe in Budapest on June 26 evening (local time), as part of his official visit to Hungary. Earlier the same day, NA Chairman Hue visited the Vietnamese Embassy and met Vietnamese people living in Hungary. Read full story -Prof. Dr. Nguyen Xuan Thang, Director of the Ho Chi Minh National Academy of Politics (HCMA) and visiting Australian Minister for Foreign Affairs Penny Wong jointly pressed the button to inaugurate a portal of the Vietnam-Australia Centre (VAC) on June 27. Penny Wong, who is on an official visit to Vietnam from June 26-28, said the VAC will play an important role in enriching the knowledge of future Vietnamese officials trained at the academy, as well as promoting cooperation and strengthening links between the people of the … [Read more...] about ☕ Afternoon briefing on June 27

Hanoi authorities’ campaigns to solve sidewalk encroachment caused by street hawkers on the banks of the West Lake have proved to be water off a duck’s back as the issue recurs after every crackdown. The West Lake, which is the capital’s biggest freshwater reservoir located in Tay Ho District, has long been a favorite spot for young people to hang out, leading to the emergence of street stalls along its banks. Street hawkers rake in money from visitors to the lake by displaying their wares on the banks to sell street food and beverages even though that means the sidewalk there is partly or completely blocked. The encroachment has prompted local authorities to roll out multiple crackdowns, which have turned out to be wasted labor as the street stalls crept back in a few days. Young people enjoy beverages at a lakeside stall illegally established on the sidewalk of a street along the West Lake in Tay Ho District, Hanoi, June 25, 2022. Photo: Pham Tuan / Tuoi Tre … [Read more...] about Crackdown on sidewalk encroachment along West Lake’s banks a wasted effort in Hanoi