Prime Minister Nguyen Xuan Phuc shakes hands with Micronesian Speaker of the Congress Wesley W. Simina (Photo: VNA) He hosted a reception for visiting Micronesian Speaker of the Congress Wesley W. Simina and his delegation in Hanoi on June 7th. The PM expressed his belief that the visit by the Micronesian guest will help tighten the relations between the two countries and the two legislatures. “The visit is hoped to chart a new chapter for the cooperation between the two parliaments in particular and the two countries in general,” said Wesley W. Simina. He said the two countries have established active and close relations on multilateral scale. The countries have exchanged visits, cooperated in agriculture, aquaculture, tourism, environment, and climate change while their law-making bodies have set up active cooperation, the guest said. He said he expected that visit exchanges, people-to-people activities and cooperation in education, economy and trade will be promoted in … [Read more...] about Vietnam develops wide-ranging cooperation with Micronesia
Vietnam development
WB ready to help Vietnam develop transport infrastructure
Deputy Prime Minister Trinh Dinh Dung (R) receives WB Country Director for Vietnam Ousmane Dione on May 29 (Photo: VNA) Hanoi (VNA) – The World Bank (WB) is ready to assist Vietnam in developing infrastructure system, especially transport infrastructure, WB Country Director for Vietnam Ousmane Dione told Deputy Prime Minister Trinh Dinh Dung. At their meeting in Hanoi on May 29, Deputy PM Dung and officials of the Ministry of Transport and relevant ministries and agencies, and WB experts discussed solutions to mobilise resources for and effectively implement projects to develop infrastructure, especially transport infrastructure. Deputy PM Dung highly evaluated the WB’s support for Vietnam in infrastructure and socio-economic development, which has created firm prerequisites for sustainable development. The Deputy PM also appreciated the WB’s proposals which were based on leading specialists’ studies. He noted that transport infrastructure in … [Read more...] about WB ready to help Vietnam develop transport infrastructure
World Bank helps Vietnam develop logistics system
Designed to establish a national system for collecting, processing and publishing transport and trade logistics statistics annually, the project is part of the World Bank’s support to the Vietnamese Government’s integrated programme for trade facilitation and logistics development.Source: VNA“Developing a robust logistics data system is crucial for designing and implementing effective policies to enhance Vietnam’s logistics performance and competitiveness,” said Sebastian Eckardt, Lead Economist for the World Bank in Vietnam.Financed by the multi-donor Trust Fund for Statistical Capacity Building and managed by the World Bank, the project also provides support for project implementation, through a partnership between the World Bank, the International Transport Forum, the Organisation for Economic Cooperation and Development and the Australia-World Bank Partnership Programme.In 2016, Vietnam ranked 64th out of 160 countries in the World Bank’s … [Read more...] about World Bank helps Vietnam develop logistics system
RoK helps Vietnam develop investment information system
The Government of the Republic of Korea (RoK) will provide a non-refundable aid package worth US$5.5 million to help Vietnam carry out a project on upgrading and developing the national investment information system for 2018-2021. At the signing ceremony of the record of discussions - Source: baodauthau.vn A memorandum of understanding to this effect was signed between Vietnam’s Ministry of Planning and Investment (MPI) and the Korea International Cooperation Agency (KOICA) in Hanoi on May 3. The US$6.2 million project aims to improve the ministry’s capacity for collecting, managing and analysing national database on investment, while providing online public services for investors. It is also seen as a tool assisting localities in granting investment licences and managing projects. MPI Deputy Minister Vu Dai Thang said the two sides committed to ensuring the progress of the project in order to contribute to promoting foreign direct investment (FDI) in Vietnam, … [Read more...] about RoK helps Vietnam develop investment information system
GBP6 million to help Vietnam develop dengue fever forecast
The information was announced by UK Science Minister Sam Gyimah and it is one of the ten projects funded by the UK Space Agency. Of the amount, 4.1 million GBP comes from official development assistance and the rest is contributed by other partners joining the project. A group of UK organisations, led by HR Wallingford, will collaborate with Vietnamese partners to develop dengue outbreak early warning tools, thus facilitating effective resource mobilisation and allocation for targeted areas. The dengue forecast system will also be made to account for different scenarios of climate change under the project. The warning system will include models to evaluate water resources, thus improving water management in cross-border river basin areas. Youth Union members provide information on dengue fever to local people in Hanoi. (Photo: NDO) The project will be jointly implemented by the Health Ministry, Vietnam Institute of Meteorology, Hydrology and Climate change, Pasteur Institute in Ho … [Read more...] about GBP6 million to help Vietnam develop dengue fever forecast
Singapore vows to back Vietnam in transforming industries
Deputy Prime Minister and Foreign Minister Pham Binh Minh (right) and Singaporean Foreign Minister Vivian Balakrishnan meet on February 5 on the sidelines of the ASEAN Foreign Ministers’ Retreat in Singapore. (Photo: VNA) Singapore (VNA) – Singapore will help Vietnam develop a roadmap for transforming industries and improving digital management and business capacity, as heard at a meeting between Deputy Prime Minister and Foreign Minister Pham Binh Minh and Singaporean Foreign Minister Vivian Balakrishnan on February 5. The two foreign ministers met on the sidelines of the ASEAN Foreign Ministers’ Retreat that are underway in Singapore from February 4-6. They agreed to work together to improve Vietnam’s capacity in ensuring agricultural products’ safety and hygiene so that more of them will be eligible to enter Singaporean market, while promoting Singaporean investment in high technology, particularly in constructing information technology … [Read more...] about Singapore vows to back Vietnam in transforming industries
Bosch Vietnam aims for double-digit growth
Bosch Vietnam aims for double-digit growthLuan Hung By Luan Hung - The Saigon Times Daily HCMC – Despite the local economic woes, Bosch Vietnam continues to set a target for double-digit growth and pledges to boost research and development (R&D) activity in Vietnam, said Vo Quang Hue, managing director of Bosch Vietnam. Hue told a press briefing on Wednesday that Bosch Vietnam last year achieved total sales of US$286.4 million, up 40% against 2011, marking the fifth consecutive year the company has recorded double-digit growth. Such an impressive result includes exports to other Bosch entities and is attributed to the high-volume orders Bosch is receiving for its automotive push-belt production plant in Dong Nai. Sales revenue across the various business divisions of Bosch Vietnam developed positively in 2012, with the thermotech division posting the highest rise of 150%. The drive and control division, the security systems division and the power tools division also … [Read more...] about Bosch Vietnam aims for double-digit growth
Vietnam an ideal destination for foreign startups
Pham Tan Phuc and Nguyen Xuan Bang, founders of Gcalls, which develops infrastructure and software for a web-based call center, speak about their startup after receiving an investment of 1 million USD from Vina Capital in December 2017. (Photo:VNA) HCM City (VNS/VNA) - Vietnam has become an ideal location to start a business, not only for young overseas Vietnamese people but also for expats thanks to the country’s strong economic growth in recent years. Vietnam has had many programmes that have helped create a dynamic startup ecosystem by facilitating a wide range of supporting activities, such as training, mentorship and business incubation and acceleration. Nguyen Xuan Bang, one of the founders of Gcalls in Singapore and has come back to Vietnam since 2016 to start the business here with an aim of developing the company’s product in the Vietnamese market, said that startups get benefits from these programmes. “Startup Vietnam Foundation, for … [Read more...] about Vietnam an ideal destination for foreign startups
Freedom of belief and religion better ensured in Vietnam
According to the Governmental Commission on Religion, about 95% of Vietnamese people follow some beliefs and religions and Vietnam is rich with these. For example, for religions alone, Vietnam has 15 religions with 41 religious organizations, recognized and granted licenses by the State, with over 24.3million followers (accounting for approximately 27% of the country’s population). Freedom of belief and religion better ensured in Vietnam. Photo for illustration Freedom of belief and religion is one of the fundamental human rights, recognized by international laws on human rights and the laws of many countries in the world. Our Party’s and State’s consistent policy is to respect and ensure the right to freedom of belief and religion of the people. This right is clearly stated in guidelines, viewpoints, the Constitution, laws, which ensure its implementation in reality. The Communist Party of Vietnam holds that belief and religion are the demand of part … [Read more...] about Freedom of belief and religion better ensured in Vietnam
Vietnam develops air routes to key markets
Vietnam’s key markets are the US, Russia, Germany, France, the UK, China, the Republic of Korea, Japan, Thailand, Malaysia, Australia and India. Vietnam has no direct air routes to India or the US. Major international airports like Noi Bai, Da Nang, Nha Trang and Tan Son Nhat have been asked to expand their capacity and Cat Bi, Phu Bai, Can Tho and Phu Quoc need to upgrade their infrastructure.By 2020 Vietnam plans to open new air routes to Russia, the UK, and the Czech Republic. Vietnam Airlines and Air France signed a comprehensive cooperative joint venture agreement which took effect last November. Duong Tri Thanh, General Director of Vietnam Airlines says "The joint venture agreement is the most advanced and highest level of cooperation in aviation reflecting our commitment to increase benefits for customers. Vietnam Airlines and Air France have strengthened investment in the international markets, especially in France and Europe.”Vietnam Airlines has opened a … [Read more...] about Vietnam develops air routes to key markets