President holds online talks with Japanese Prime Minister


President holds online talks with Japanese Prime Minister

President Nguyen Xuan Phuc expressed his hope that the Vietnamese and Japanese economies will be connected more effectively, in combination with green, digital transformation during his online talks with Japanese Prime Minister Suga Yoshihide. During his online talks with Japanese Prime Minister Suga Yoshihide, President Phuc rejoiced at the strong, comprehensive development of the Vietnam-Japan…

Vietnam looks to become AI hub in ASEAN by 2030


Vietnam looks to become AI hub in ASEAN by 2030

The Vietnamese Government has issued a national strategy on the research, development, and application of artificial intelligence (AI) till 2030 with a view to gradually turning Vietnam into innovation and Artificial Intelligence (AI) hub in Asean and the world. Minister of Science and Technology Bui The Duy said the strategy targets that Vietnam will be…

CPI picks up 1.79 percent in eight months


CPI picks up 1.79 percent in eight months

The Consumer Price Index (CPI) for the first eight months of 2021 picked up 1.79 percent year-on-year, the lowest increase for the same period since 2016, the General Statistics Office (GSO) . The August index edged up 0.25 percent month-on-month, and 2.82 percent year-on-year, largely owing to higher prices of food and foodstuff in cities…

LG Display raises investment at Vietnam factory


LG Display raises investment at Vietnam factory

Vietnam has awarded a licence to South Korea’s LG Display that will see it raise its investment in the northern port city of Haiphong by $1.4 billion, the city’s People’s Committee said on Tuesday. The investment will boost the company’s OLED display output at the Haiphong factory to 13 million to 14 million units per…

Boeing Opens First Vietnam Office in Hanoi


Boeing Opens First Vietnam Office in Hanoi

Boeing has opened its first office in Hanoi and named a new Southeast Asia leader, reflecting the continued importance of the region to the company. The aircraft manufacturer also opened a new office in Jakarta and named Alexander Feldman, who will be based in Singapore, as the new president of the company’s Southeast Asia business,…

Vietnamese Prime Minister Welcomes US Counterpart


Vietnamese Prime Minister Welcomes US Counterpart

Prime Minister Pham Minh Chinh has affirmed that Vietnam treasures ties with the US and wants to foster bilateral comprehensive partnership in a practical, effective and stable manner, for the sake of peace, cooperation and development in the region and the world. During a reception in Hanoi on August 25 for US Vice President Kamala…

Vietnam’s Overseas Investment Soars 125% in 7 Months


Vietnam’s Overseas Investment Soars 125% in 7 Months

Vietnamese investments overseas soared 125.4 percent year-on-year to 570 million USD in the first seven months of 2021, the General Statistics Office (GSO) announced on July 29. The sharp increase was largely attributed to extra investment from Vietnam injected into overseas projects, the GSO explained. For example, the Indochina Rubber Investment and Development Co., Ltd….

Vietnam’s Timber Exports Record Strong Growth in the First Seven Months


Vietnam’s Timber Exports Record Strong Growth in the First Seven Months

Vietnam’s exports of timber and timber products in the first seven months of 2021 were estimated at US$9.58 billion, up 55% over the same period in 2020, according to the General Department of Customs. Data shows timber product shipments were estimated at US$7.44 billion, up 64% year on year. Experts say such figures are exceptional…

Business opportunities abundant for Swiss firms in Vietnam


Business opportunities abundant for Swiss firms in Vietnam

Business, trade and investment opportunities in Vietnam were introduced to businesses of Geneva and French-speaking states of Switzerland during a seminar in Geneva. Ambassador Le Thi Tuyet Mai, Permanent Representative of Vietnam to the UN, the World Trade Organisation, and other international organisations in Geneva, briefed participants on the business environment in Vietnam as well…

President hosts Australian minister for trade, tourism and investment


President hosts Australian minister for trade, tourism and investment

State President Nguyen Xuan Phuc hosted a meeting for visiting Australian Minister for Trade, Tourism and Investment Dan Tehan in Hanoi on July 13. Welcoming Minister Tehan and the Australian delegation to visit Vietnam, the President said he believes the visit will contribute to strengthening the Vietnam-Australia partnership with economic-trade cooperation as the core. President…