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At the meeting (Source: http://baodansinh.vn/) Hanoi (VNA) – Vietnamese Deputy Foreign Minister Nguyen Minh Vu attended the 9th Foreign Ministers’ Meeting of the Forum for East Asia-Latin America Cooperation (FEALAC) in Santo Domingo, the Dominican Republic, on November 9. Addressing the event, Deputy Minister Vu highlighted the positive and steady development of the forum over the past 20 years over areas of politics-society, economy-trade, cultural and people-to-people exchange. He proposed that in the coming time, the forum should further exploit the advantage of the two regions on development potential, cultural diversity and people’s dynamism to boost the sustainable, inclusive and creative growth of East Asia and Latin America as well as friendship among people of both sides. He thanked FEALAC member countries for supporting the project initiated by Vietnam in fostering East Asia-Latin America cultural exchange through the Hue Festival. He took the occasion … [Read more...] about Vietnam attends FEALAC foreign ministers’ meeting

WB forecasts Vietnam's economic growth to stabilise around 6.5 percent this year - Illustrative image (Source: VNA) Hanoi (VNA) – The World Bank (WB) forecasts Vietnam’s economic growth to stabilise around 6.5 percent in 2018 in its East Asia-Pacific Economic Update released on April 12. The growth is projected to rise further in the short run, if the global recovery remains intact, the bank said. According to the report, while inflation is predicted to remain moderate thanks to a benign global price environment, strong wage growth may ultimately lift core inflation. External balances are projected to benefit from robust exports and FDI inflows. However, the report stressed that there are significant challenges, despite the generally favourable medium-term outlook. “Domestically, a slowdown in structural reforms could weaken the ongoing recovery and weigh on Vietnam’s medium-term potential growth. There is also a risk that fiscal consolidation may erode … [Read more...] about Vietnam’s economy to grow by 6.5 percent in 2018: WB report

Deputy Minister of Science and Technology Tran Van Tung speaks at the event (Source: VNA) Singapore (VNA) – The “Techfest Vietnam in Singapore” took place in Singapore on November 11 to introduce the Techfest Vietnam festival in 2019 and Vietnam’s innovative startup ecosystem to international partners. Addressing the event, Deputy Minister of Science and Technology Tran Van Tung highlighted the vital role played by innovation and startup in promoting economic growth, addressing difficulties and challenges, and creating jobs for labourers. Vietnam has paid special attention to promoting the development of innovative startup ecosystem in policy, infrastructure, financial institution and support service as well. Vietnam’s startup ecosystem has recorded a strong development in the last three years, attracting nearly 900 million USD in 2018 alone, three times higher than that in 2017. According to Tung, Singapore is one of the countries with the most … [Read more...] about Vietnam promotes innovative startup ecosystem in Singapore

Illustrative image (Source: FoodBev Media) Hanoi (VNA) - The formula milk company Bubs Australia announced on November 11 that it had reached an agreement with Vietnam TVV Service and Trading Co., Ltd. to distribute its formula milk products for children in Vietnam via the mother and baby store chain BiboMart JS Company. The range of products from Bubs will officially hit the shelves of 135 BiboMart supermarkets, starting from early December 2019. A Bubs representative said that the two-year deal is expected to generate revenue of approximately 1.02 million USD during the first year, and 1.36 million USD in the second year. Bubs expressed its desire to enter into a long-term partnership in Vietnam. According to Bubs, the new partnership with TVV and Bibo Mart marks a new milestone as the Australian firms seek to expand into Asia and Vietnam, a country that it considers to be one of the region's fastest growing markets. Ngo Tran Khanh Van, CEO of TVV, said she believes that there … [Read more...] about Bubs Australia ready to put milk products on sale in Vietnam

The Vietnam’s SEA Games squad  (Source: https://thethao.thanhnien.vn/ Hanoi (VNA) – The National Sports Administration will host a ceremony to send off Vietnam’s SEA Games squad in Hanoi on November 16. The ceremony is traditionally held to boost athlete morale and confidence before the competition begins. Vietnam will send 856 members including athletes, doctors and coaches to compete in 43 out of 56 events at the Games to be held in the Philippines from November 30 to December 11. The Vietnamese delegations aims to bag 65-70 gold medals to rank in the top three at the region’s biggest sporting event. At the SEA Games two years ago, Vietnam ranked third in the medal tally, bringing home 58 golds, 50 silvers and 60 bronzes. The hosts Malaysia took the lead with 145 golds, 92 silvers and 86 bronzes. While Thailand finished second with 72 golds, 86 silvers and 88 bronzes./. VNA … [Read more...] about Vietnam to hold SEA Games sending-off ceremony