US Ambassador to Vietnam Daniel Kritenbrink speaks at the workshop (Source: thanhnien.vn) During the event, the US diplomat expressed his belief that Vietnam will make a good development plan on the basis of the market economy and the private economic sector to promote its international integration, thus ensuring domestic economic growth and contributing to prosperity and defence-security in Indo-Pacific region. The workshop focused on the Indo-Pacific strategy, economic impact on Vietnam and measures to promote sustainable development in Vietnam and regional nations. The ambassador said the strategy aims to build a market economy and open investment environment in the principle of supporting, protecting and respecting the right of individuals to invest in this region, including Vietnam. The US invested over US$500 million in implementing the strategy in 2018, he said. According to the diplomat, US firms have invested in over 1,500 new projects worth more … [Read more...] about US diplomat praises Vietnam’s international integration efforts
Finnish enterprises in vietnam
The world is experiencing the fourth industrial revolution (industry 4.0), which is described in the National Digital Transformation Plan as a huge technological revolution. The fourth industrial revolution is quite different from the previous ones in terms of space, scale, width and depth as it is based on a digital revolution and involves numerous technologies. This may lead to historically unprecedented changes in socio-economic development models and the socio-political systems of countries as well as in trade, investment, and the economic activities of businesses. According to experts, to win the game “Industry 4.0” countries must conduct a digital transformation. In Vietnam, the entire digital revolution is led by the Government. In other words, the Government is responsible for crafting policies, strategies and orientations for the development of digital transformation and digital economy. Photo: qdnd.vn In fact, the Prime Minister has assigned the … [Read more...] about Part I: Why Vietnam needs to carry out digital transformation
Organized by the Vietnamese Embassy in South Africa, the Ministry of Industry and Trade (MoIT) of Vietnam and the Johannesburg Chamber of Commerce and Industry (JCCI), the event offered a chance for the two sides’ firms to study issues related to business and investment, such as tax and incentive policies, payment procedures and business risks. Speaking at the event, Vietnamese Ambassador Vu Van Dung stressed this is part of diplomatic activities to promote economic and trade links between the two countries, towards lifting two-way trade to USD 1.5 billion by 2020. Representatives from Vietnam's trade promotion delegation work with those from South Africa's foreign ministry Vice President of the JCCI Jacki Luthuli hoped that trade promotion activities would help turn potential into practical results, bringing economic benefits to the two nations’ business communities and contributing to tightening bilateral diplomatic ties. At the seminar, … [Read more...] about Vietnam and South Africa seek USD 1.5 billion in two-way trade
The average working day for bank worker Pham Hong Nhung in Hanoi normally starts at 7am and ends at around 8pm. Illustrative image -- File photo “My bank opens at 8am but I have to arrive earlier to prepare the cash. When the branch closes, my colleagues and I have to deal with paperwork, so we work up to 12 hours per day.” As well as working five and a half days per week, she sometimes has to attend events on Saturday evening or even on Sunday. “I am exhausted, to be honest. Both my health and looks are going downhill. I can't take proper care of my family as well. My son is only one and is not at nursery school yet, so I have to hire a nanny. My son might be even closer to her than me,” the 28-year-old says. Nhung revealed that bank clerks and other positions at the bank are also busy and overtime is seen as a routine for them. “Sometimes I even have to go to the office on weekends and national holidays,” says 30-year-old Hoang Lan Phuong, … [Read more...] about More overtime, less happiness?
Tourists love to discover the traditional culture and lifestyle of the local people. Photo courtesy of the Bát Tràng Tourism Company By Minh Thu In the mornings before he opens his traditional house to visitors, Meritorious Artist Tô Thanh Sơn prepares tea to welcome his guests. When Bát Tràng Commune on the outskirts of Hà Nội was officially recognised as a tourist site last month, his traditional house with its beautiful garden, old kiln and showroom of pottery products started receiving many tourists every day. Last month, the Hà Nội People’s Committee and the Việt Nam National Administration of Tourism (VNAT) brought smart tourism to Bát Tràng, further highlighting it on the capital’s travel map. Smart tourism Bát Tràng Commune is located in Gia Lâm District, 10km from the city centre. It comprises Bát Tràng and Giang Cao villages. A … [Read more...] about Bát Tràng a star of Hà Nội craft village tourism