Local companies could further improve their utilization rate of the trade agreement to gain a larger share of the EU market. The EU-Vietnam Free Trade Agreement has been a driving force for Vietnam’s exports as local firms are now taking good advantage of the trade deal. Processing catfish for export at Cantho. Photo: Hung Thap Deputy Director of the Import-Export Department under the Ministry of Industry and Trade (MoIT) Tran Thanh Hai gave the assessment at a conference on the EVFTA on August 8. In 2021, bilateral trade turnover between Vietnam and the EU rose by 14.5% year-on-year to US$57.01 billion, in which Vietnam exported goods and products worth $40.1 billion, or an increase of 14.2%; and imported $16.9 billion. “This helped the country maintain a trade surplus of over $23.2 billion last year,” Hai said. According to Hai, since the launch of the EVFTA on August 1, 2020, Vietnam’s exports to the EU rose by 15% to $83 billion. Over the past two … [Read more...] about EVFTA drives Vietnam’s exports forward
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Vietnam Green Building Week 2022 slated for October
Illustrative image (Source: VNA) This year, the week aims to realise Vietnam’s commitments announced at the 26th UN Climate Change Conference (COP26). According to the Ministry of Construction, the Vietnam Green Building Week 2022 will be an open and prestigious forum that connects more than 1,200 policy-makers and representatives of construction businesses, industry-leading architects and design professionals, as well as suppliers of building materials, equipment and technology. The week will include a plenary session and three thematic discussions on experience in green building planning and development as well as sustainable urban construction, contributing to realising Vietnam's commitments at COP26. According to the nation’s update on the Nationally Determined Contribution (NDC), Vietnam commits to reducing greenhouse gas emissions by 9 percent by 2030, and this can be further brought to 27 percent with international support through cooperation and mechanisms under the … [Read more...] about Vietnam Green Building Week 2022 slated for October
Vietnam tennis ace jumps to career-high world ranking
His previous career-high ranking was 358, achieved mid-July this year. Vietnam’s best tennis player was in impressive form with a streak of 24 consecutive wins in the past two months before losing to Japan’s Yuta Shimizu in the final of the M15 Kuching, also in Malaysia, last weekend. Nam’s ranking could get higher next week after his M15 Kuching result is factored in. This moves Nam closer to the goal that he’d set earlier this year of getting into the top 300. From now until the end of the year, he can accumulate more points from many tournaments held in Vietnam. Next, Nam will join the Vietnam national tennis team for the 2022 Davis Cup Group III Asia-Pacific tournament, which will take place in Tay Ninh, southern Vietnam, from August 10 to 13. … [Read more...] about Vietnam tennis ace jumps to career-high world ranking
Vietnam reports 1,381 new COVID-19 cases on August 7
Illustrative image (Photo: VNA) Hanoi (VNA) – Vietnam logged an additional 1,381 COVID-19 cases on August 7, according to the Ministry of Health. The new infections brought the country’s total number of COVID-19 cases to 11,347,518. As many as 8,589 patients were declared to free from coronavirus SARS-CoV-2 on the day, lifting the total number of recoveries to 9,973,122. Meanwhile, the death toll from the disease was kept at 43,094 as no fatality was reported on August 7, accounting for 0.4% of the total infections. More than 248.6 million doses of COVID-19 vaccines have administered in the country so far./. VNA … [Read more...] about Vietnam reports 1,381 new COVID-19 cases on August 7
Vietnam needs skilled workforce to become upper-middle-income economy by 2035: WB
Illustrative image (Photo: VNA) Hanoi (VNA) - Vietnam will need a skilled workforce to transform itself into an upper-middle-income economy by 2035, the World Bank has suggested in its recently-released report named “Taking Stock: Educate to Grow”. In its bi-annual report, the lender said: “Vietnam needs a workforce with 21st century skills to grow. As the economy moves from being driven by low skill and low wage jobs in manufacturing and services towards a more innovation driven growth model built on higher value-added industries and services, Vietnam ’s workforce will need to attain higher level and more relevant skills.” The Vietnamese Government’s Socio-economic Development Strategy for 2021-2030 says as much, aiming to use scientific, technological, innovative, and digitally transformative knowledge and build quality human resources as key drivers of higher productivity and future economic growth. To achieve these goals, Vietnam needs to reform its education system … [Read more...] about Vietnam needs skilled workforce to become upper-middle-income economy by 2035: WB
Thousands flock to boat race festival in central Vietnam
About 10,000 people participated in a boat racing festival held on the section of the Thu Bon River in the Thanh Ha pottery village of Hoi An City in Quang Nam Province, central Vietnam on Sunday. Thousands of spectators on both sides of the Thu Bon River began cheering loudly early on Sunday morning as 10 teams from Quang Nam Province and neighboring Da Nang competed to win the Thanh Ha village traditional boat racing festival. As part of the Thanh Ha pottery's anniversary and the recognition of the Thanh Ha pottery profession as national intangible cultural heritage, the teams participated in two competitions, including a warm-up race and the official five-kilometer race. Teams compete at the Thanh Ha boat racing festival in Hoi An City, Quang Nam Province, Vietnam, August 7, 2022. Photo: Nguyen Khanh / Tuoi Tre Truong Huong, deputy chairman of the Thanh Ha Ward People’s Committee, told Tuoi Tre (Youth) newspaper that the traditional boat racing festival in … [Read more...] about Thousands flock to boat race festival in central Vietnam
Vietnam’s Co To Island to ban single-use plastic from next month
Authorities on Co To Island off Quang Ninh Province, northern Vietnam announced a pilot program to ban visitors from bringing plastic products onto the island starting September in an attempt to spur sustainable tourism. Speaking to Tuoi Tre (Youth) newspaper last week, Nguyen Viet Dung, chairman of the Co To District People’s Committee, said the trial to forbid visitors from bringing plastic bottles, plastic bags, and materials carrying a risk of environmental pollution will last for several months. Local authorities will then move toward the official implementation of this regulation since the island district's basic services are now completely prepared to accommodate the needs of tourists. “All of the island district's services and facilities are now fully accessible, but many tourists still bring single-use plastic products, putting a great deal of environmental strain on Co To,” Dung said. He added that in order to effectively implement this regulation, Co To District … [Read more...] about Vietnam’s Co To Island to ban single-use plastic from next month
Medical facilities must not consider homosexuality as disease: Vietnam health ministry
The Ministry of Health recently requested local authorities to correct medical facilities that advertised the treatment of homosexuality, bisexuality, and transsexuality. In a document sent to health departments of provinces and cities last week, the Ministry of Health said it had received information that some medical facilities and doctors claimed to be able to ‘cure homosexuality.’ The health ministry quoted the American Psychiatric Association and World Health Organization as affirming that homosexuality is not a disease, thus it cannot be cured, does not need to be cured, and cannot be changed. On May 17, 1990, WHO officially removed homosexuality from the list of mental illnesses. Homosexuality has been neither considered a disease nor included in the Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition (DSM-5) since 1994. WHO defines homosexuality as a sexual orientation in which people are attracted to other people of the same sex, stressing that it … [Read more...] about Medical facilities must not consider homosexuality as disease: Vietnam health ministry
Vietnam invite Singapore, India to Ho Chi Minh City for friendly tournament next month
Vietnam will host a friendly tournament at Thong Nhat Stadium in Ho Chi Minh City next month with Singapore and India as participants, the Vietnam Football Federation (VFF) announced on Monday. As part of the preparation for the 2022 AFF Mitsubishi Electric Cup, a biennial football competition organized by the ASEAN Football Federation (AFF), the friendly tournament will have the three teams compete in a round-robin format. Vietnam will play Singapore on September 21 and India on September 27, while the two guest teams will meet on September 24. All of the three games will take place at Thong Nhat Stadium in Ho Chi Minh City. The Vietnamese national men’s football team will gather on September 17, after the end of Round 16 of the top-tier V.League 1, as per a plan by VFF and head coach Park Hang Seo. As the friendly tournament is set to be held during official FIFA matchdays, the possibility that Vietnamese internationals like Nguyen Quang Hai and Dang Van Lam will return to … [Read more...] about Vietnam invite Singapore, India to Ho Chi Minh City for friendly tournament next month
BM PLASCO honored in Forbes Vietnam’s Top 50 best listed firms
BM PLASCO is the only firm in the sector of building materials specializing in plastic pipes and plastic pipe fittings to be included on this year's list. This is a remarkable milestone for the company's 45-year effort. In 2021, BM PLASCO reached a revenue of VND4,552 billion and a profit of VND 214 billion. In the first half of 2022, the consolidated revenue of the company has reached VND2,911 billion with VND341 billion profit, an increase of 11.5 percent and double respectively y-o-y. These are outstanding figures that demonstrate the firm's stability and durability during the post-pandemic business recovery era and establish long-term goals for the future. Nguyen Thanh Hai, BM PLASCO’s Deputy Sales General Director, said: “Along with the continual development of science and technology, the Vietnam market has seen a growing number of plastic - construction materials which not only focus on quality but also design and convenience of use. Founded on a firm basis, BM PLASCO … [Read more...] about BM PLASCO honored in Forbes Vietnam’s Top 50 best listed firms