Vietnam Vietnam Economy Thread

[Viva_vietnamm]

Just want to show of too lol, can I?. Foxconn also want to invest in Indonesia, but not in smartphone industry chain. Foxconn already here before tho, more specifically in strategic Batam area. But next Foxconn investment here is for EV Industry.


Btw, Pew Research Center in 2015 was put the populations of Vietnam are the most supportive of free market economy with the number of 95% of the respondence, do you have any words?. And also, I hope all goodness for Vietnam.

Back to that Foxconn EV industry, I don't know how that works, but based on that article it was written that they gonna make Gogoro scooter. Hope they will also make Apple Car lol.

Edit : I'm sorry, not in 2015 but 2014

As I know, Foxconn don't know how to make a good EV, they also try to cooperate with Vinfast (VN car company) but we refused.

btw, Foxconn pay quite good salaries to VN workers to assembly their products (abt 430 usd per month while VN GDP per capita is just from $ 2,800 to $3,000 ).

I think VN economy will have good future, many important factories quit CN and move to VN to avoid trade war like Samsung, LG, auto part/tire suppliers ect . Even Iphone 13 delivery time is delayed bcs VN factories that make camera for Iphone 13 closed due to Covid.

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iPhone 13 delivery times lengthen as COVID hits suppliers in Vietnam​

Camera module constraints add more pressure as China power cuts hit supply chain

Apple's newly launched iPhone 13 has encountered production snags, partially associated with problems in COVID-hit Vietnam. (Photo by Arisa Moriyama)
LAULY LI, CHENG TING-FANG, and LIEN HOANG, Nikkei staff writersSeptember 29, 2021 12:02 JST
TAIPEI/HO CHI MINH CITY -- Buyers of Apple's new iPhone 13 are facing longer-than-expected delivery times due to the COVID wave in Vietnam and the U.S. tech giant's deployment of a new camera feature, Nikkei Asia has learned.
The disruption is mainly associated with constrained supplies of camera modules for the four iPhone 13 models because a significant number of its component parts are assembled in Vietnam, according to people familiar with the matter.
Supply chain sources had expected this year's rollout of new iPhones to be relatively smooth, given that most changes to the updated devices are only incremental and Apple has been able to stockpile many key components.

But the company has expanded the use of its new sensor-shift optical image stabilization (OIS) to all four iPhone models when previously it was only in the premium iPhone 12 Pro Max. This has put suppliers in the position of having to ramp up production without jeopardizing production quality, against the backdrop of severe restrictions due to COVID.
Sensor-shift OIS stabilizes sensors on the camera to make images smoother and video steadier even if users are in motion, and it is an improvement on previous technology that stabilized camera lenses.
"Assemblers can still produce the new iPhones, but there's a supply gap [in] that the inventories of the camera modules are running low," one of the executives with direct knowledge told Nikkei Asia. "There's nothing we can do but to monitor the situation in Vietnam every day and wait for them to ramp up the output."
The situation may improve as soon as around mid-October as production at one of the key iPhone camera module manufacturing facilities in southern Vietnam has gradually resumed in recent days after several months of on-and-off disruption, another executive familiar with the situation told Nikke

iPhone 13 delivery times lengthen as COVID hits suppliers in Vietnam

Camera module constraints add more pressure as China power cuts hit supply chain

asia.nikkei.com

 

[Viva_vietnamm]

Vingroup to build US$387 million battery cell plant in central Vietnam​

HANOI, Oct 23 (Reuters): Vietnam's biggest conglomerate Vingroup will start construction on a US$387 million battery cell plant for its auto arm VinFast electric vehicles (EVs) in central province of Ha Tinh this year, local authorities have announced.

The plant, which has a capacity of 5 gigawatt hours (GWh) per year, will be on a 31.1-acre (12.6 hectare) plot, according Ha Tinh authorities.

"From the fourth quarter of 2021 to third quarter next year, the plant will be set up and operate at capacity of 3 GWh per year," the Ha Tinh authorities said in a statement.

"It will be fully installed and run at full capacity from 2025," the statement added
Vingroup spokesman confirmed the plan of establishing a battery cell plant for EVs in Ha Tinh province without elaborating.
Reuters reported in April the company was looking to establish a second VinFast automobile plant in the same region as the battery plant.

VinFast became Vietnam's first fully fledged domestic car manufacturer when its first gasoline-powered models built under its own badge hit the streets in 2019.
The company, which some have called "Vietnam's answer to Tesla", will debut in the U.S. and Europe markets next year with two battery electric SUVs models, the midsized VF e35 and the seven-seater VF e36.

VinFast VF e34 2021 Models

VinFast is working with a variety of partners including StoreDot, Gotion High-Tech, ProLogium for batteries, and also focuses on internal R&D and establishes research facilities to develop battery and charging technologies, the company said earlier in an emailed statement to Reuters.

The company has targeted global EV sales next year of 15,000 vehicles, down from its prior goal of 56,000 due to the global semiconductor chip shortage. - Reuters

Vingroup to build US$387 million battery cell plant in central Vietnam

Vietnam's biggest conglomerate Vingroup will start construction on a US$387 million battery cell plant for its auto arm VinFast electric vehicles (EVs) in central province of Ha Tinh this year, local authorities have announced.

www.thestar.com.my

 

[Viva_vietnamm]

Vietnam is one of the 10 largest suppliers of goods to the EU market

October 28, 2021
Vietnam is in the top 10 countries supplying the largest goods to the European market (EU), with two-way trade turnover in 2020 reaching 43.2 billion euros. Vietnam has now become the EU's largest goods trading partner in the ASEAN region, with two-way trade turnover in 2020 reaching 43.2 billion EUR (according to Eurostat), ranked in the top 10 countries supplying goods. largest in this market.

The first batch of lychee was exported to the EU market in July 2021

That is one of the notable information at the Vietnam - EU Trade Forum 2021, organized by the Ministry of Industry and Trade in collaboration with the European Chamber of Commerce in Vietnam (EuroCham) on the morning of October 27 in Hanoi. Although Vietnam was severely affected by the 4th outbreak of the epidemic in the southern key export region, in September 2021, two-way trade between Vietnam and the EU still recorded positive growth, including compared to the pre-pandemic period, with a turnover of more than 41 billion USD, an increase of more than 13% over the same period in 2020, of which exports increased by 11.7% and imports increased by 17.6% over the same period last year. 2020.

Speaking at the Vietnam - EU Trade Forum in 2021, Deputy Minister of Industry and Trade Dang Hoang An affirmed that more and more businesses are taking advantage of incentives from the EVFTA Agreement through the use of certificates of origin (C/ O) incentives. The competitiveness and market share of Vietnamese goods have also improved markedly in the EU market. Regarding investment, with a strong commitment to ensuring transparency, openness and convenience in the business-investment environment, Vietnam has received high-quality investment from the EU with projects with advanced technology. advanced, creating common values and benefits for the business communities of the two sides.

These are particularly remarkable results after one year of implementation of the Agreement, and are the basis for us to be completely optimistic and believe in a strong rebound in the development of trade and investment cooperation. Vietnam - EU in the context of the new normal with a solid foundation from the EVFTA. Two-way trade exchange between Vietnam and the EU after one year of implementation of the EVFTA Agreement has reached 54.87 billion USD, up 12.1% over the same period last year, of which export turnover increased by 11.3%. and import turnover increased by 14.04%.

Việt Nam là một trong 10 nước cung ứng hàng hóa lớn nhất vào thị trường EU

Việt Nam lọt top 10 quốc gia cung ứng hàng hóa lớn nhất vào thị trường Châu âu (EU), với kim ngạch thương mại hai chiều năm 2020 đạt 43,2 tỷ EUR.

vietq.vn

 

[Viva_vietnamm]

The US funded 860,000 USD for three renewable energy projects in Vietnam

07:29 | October 29, 2021

According to USAID, the $860,000 budget is intended to help reduce transaction costs and risks for renewable energy project developers in Vietnam, encouraging increased private investment in the development of this sector. On October 28, at the Indo-Pacific Business Forum, the US Agency for International Development (USAID) announced a budget of 860,000 USD to finance three new wind and wave power projects. in Vietnam, Industry and Trade Magazine reported. Specifically, the first project that USAID will support is onshore wind power plants (with a capacity of 350MW) in Gia Lai of TSV Joint Stock Company and Asia Renewables. Support includes designing optimized wind turbine generator system diagrams, performing energy performance assessments for financial feasibility prior to construction, pre-construction documentation and tender preparation necessary for construction.

The second project is the experimental project of offshore wave power technology of INGINE Pacific company on Ly Son island, Quang Ngai. Support includes carrying out social and environmental impact assessments, helping INGINE Pacific minimize the risk of project interruptions, optimize project management for greater efficiency and save money. save costs, maximize local development benefits, for example, encourage corporate citizenship practices. “Vietnam has 3,000 km of coastline and more than 3,000 islands and archipelagos, so wave power is an important potential energy source for Vietnam’s transition to a clean energy system,” a USAID representative shared. shall.

The third project supported by USAID is the offshore wind power plants of Bamboo Capital Group (BCG) in Ca Mau (300MW capacity) and Tra Vinh (200MW capacity). Support includes carrying out feasibility studies and environmental and social impact assessments that meet international standards to help BCG Energy Joint Stock Company (a member of Bamboo Capital) when this company are looking for international sources of finance. According to USAID, the $860,000 budget will support the agency's current efforts to reduce transaction costs and risks for project developers to encourage increased private investment in energy development. renewable energy in Vietnam, an area seen as a key driver of sustainability and economic growth. Funding will be provided through the INVEST project, a USAID global initiative that aims to help reduce barriers for investors, thereby facilitating the mobilization and regulation of capital flows. into high-impact areas.

Mỹ tài trợ 860.000 USD cho ba dự án năng lượng tái tạo tại Việt Nam

Theo USAID, khoản ngân sách 860.000 USD nhằm hỗ trợ giảm các chi phí giao dịch và rủi ro cho các nhà phát triển dự án năng lượng tái tạo tại Việt Nam, khuyến khích gia tăng đầu tư tư nhân vào phát triển lĩnh vực này.

vietnambiz.vn

 

[Viva_vietnamm]

Samsung SDS is looking to recruit a large number of IT personnel in Vietnam?​

30-10-2021 - 07:48 AM |

South Korea's leading system integration solutions provider Samsung SDS said it will double the number of employees in Vietnam and India by the end of this year compared to last year to meet the increasing demand for technology maintenance in the country. overseas factories of Samsung Electronics. Samsung is ramping up production of foldable phones at factories along with a shortage of technical manpower.

Samsung SDS recently said it has 3,000 employees at its global delivery centers (GDCs) in Vietnam, India and China who are responsible for developing IT services, up from 2,000. By the end of 2020. The number may increase to 4,000 employees by the end of this year, equivalent to nearly 30% of the company's staff in Korea.

This is a very strong growth when in 2014 there were only 100 employees at GDCs.

A company representative said: "Information technology companies at home and abroad are actively using foreign human resources, Samsung SDS is making efforts to secure resources in Vietnam and India."

Observers say Samsung SDS's aggressive recruitment of overseas workers is part of an effort to deal with rapidly rising labor costs in the country. The average annual salary of Samsung SDS has increased 1.5 times over the past decade to $84,579 in 2020.

Samsung SDS said the workforce expansion in foreign GDCs has nothing to do with the factory expansion, but industry observers believe the company will increase the number of engineers in Vietnam to increase its production capacity. Samsung Electronics' production capacity meets the increasing demand of folding phones.

Samsung SDS recently built a virtual desktop infrastructure (VDI) system for GDCs in partnership with Tilon. Tilon VDI is a remote working system that allows simultaneous access of up to 300 laughs. Samsung SDS also became the largest shareholder of Vietnam's No. 2 information technology solution provider CMC in 2019.

The recent move of Samsung SDS stands in stark contrast to its industry rivals. South Korea's second and third largest IT solution providers LG CNS and SK C&C have not added workforces at GDCs since 2014, at 1,000 and 300 people, respectively.

LG CNS has moved GDCs from China to Vietnam as manufacturing plants move production locations.

Samsung SDS đang muốn tuyển dụng số lượng lớn nhân sự IT tại Việt Nam?

Samsung SDS đang là cổ đông lớn nhất tại CMC, một trong những công ty giải pháp công nghệ thông tin lớn của Việt Nam.

cafef.vn

 

[Viva_vietnamm]

The African market grew by 30%, Viettel Global reached nearly 1,600 billion VND in EBT in 9 months
October 30, 2021 01:00 PM | BUSINESS



SPEAKING ANNOUNCEMENT - 2:09
Viettel Global's gross profit margin reached a record 44.4% in the third quarter.

In 9 months, Viettel Global's revenue reached VND 15,313 billion, an increase of nearly VND 1,000 billion over the same period. Gross profit reached VND 6,336 billion, up 12% over the same period. In the first 9 months of the year, the African market also achieved a growth rate of over 30% with total revenue of more than VND 6,300 billion, accounting for 41% of consolidated revenue.


Profit before tax in 9 months reached 1,571 billion dong, of which 3rd quarter alone reached 473 billion dong.

As of September 30, 2021, Viettel Global's total assets and equity reached VND 54,086 billion and VND 29,097 billion, respectively.

On the stock market, VGI shares have had a positive momentum over the past 3 months: from 28,000 VND/share in July, it has increased by more than 35% to 38,000 VND. At this price, the market capitalization of Viettel Gobal is currently VND 116,000 billion, equivalent to USD 5 billion.

Viettel Global đạt gần 1.600 tỷ đồng lợi nhuận trước thuế trong 9 tháng

Biên lãi gộp của Viettel Global đạt mức kỷ lục 44,4% trong quý 3.

cafebiz.vn

 

[Viva_vietnamm]

Exports to the US reached nearly 5.1 billion USD
October 31, 2021 (GMT+7)

According to Dong Nai Statistics Department, in the first 10 months of 2021, Dong Nai's export turnover to the United States reached nearly 5.1 billion USD, up more than 20% over the same period last year.

The United States is Dong Nai's largest commodity import partner, accounting for nearly 29% of the province's total export turnover. The goods that Dong Nai enterprises export a lot to this country are: textiles, footwear, wood products, textile fibers, machinery, equipment, tools and spare parts, iron and steel products, strong fabrics, fabrics. Skill.

In the export turnover to the US, about 80% of enterprises with foreign direct investment in Dong Nai. Besides, the US is Dong Nai's big export surplus market with about US$3.8 billion. Businesses in the province import a lot of cotton, machinery and equipment, animal feed, and corn from the United States.

Xuất khẩu vào Hoa Kỳ đạt gần 5,1 tỷ USD

Theo Cục Thống kê Đồng Nai, trong 10 tháng năm 2021, kim ngạch xuất khẩu của Đồng Nai vào Hoa Kỳ đạt gần 5,1 tỷ USD, tăng hơn 20% so với cùng kỳ năm trước.

baodongnai.com.vn

 

[Viva_vietnamm]

In early 2022, construction of 4 container terminals with more than 13,000 billion VND (1 billion Vietnamese dong equals 43,605.30 USD) in Hai Phong will be started


The Ministry of Transport said that the investor is finally implementing the prescribed procedures to start the construction of the remaining 4 ports from 3 to 6 in Lach Huyen Wharf Area, Hai Phong in early 2022, soon to open the channel. big ship...



Cargo throughput through two launch terminals No. 1 and 2 Lach Huyen wharf area grows strongly every year.

The Ministry of Transport has just issued Document No. 11169/BGTVT-KHĐT to the Hai Phong City National Assembly Delegation to respond to voters' recommendations on investment in the next terminals of Hai Phong International Gateway Port.

Specifically, voters of Hai Phong city suggested that the Ministry of Transport and other ministries and branches continue to pay attention to and create conditions for resources and investment procedures to continue implementing investment projects in the next berths. of Hai Phong international gateway port according to modern technology, applying advanced information technology, improving competitiveness with seaports of countries in the region and the world.

As a locality with a large sea and island with 126km of coastline and more than 4,000km2 of sea surface, Hai Phong is the largest port city in the North, an important traffic hub and the main gate to the sea of the Northern provinces. , fully converging conditions to become a logistics service center.

"Currently, investors of ports from 3 to 6 in Lach Huyen Wharf are implementing procedures according to regulations. It is expected to start construction in early 2022 and bring four berths in turn, from wharf 3 - 6 into operation in the period of 2023 - 2025".
The transportation.
According to the Ministry of Transport, two starting berths No. 1 and No. 2 in Lach Huyen Wharf Area have been invested by Saigon Newport Corporation with modern and advanced loading and unloading equipment in the world, bringing It has been put into operation since May 2018 with a design capacity of about 1.1 million TEU/year.

The volume of cargo through 2 ports in 2019, 2020 and the first 9 months of 2021 is 353,632 TEU respectively; 659,684 TEU and 520,000 TEU, up 13.5% over the same period in 2020.

Ports No. 3 and No. 4 in Lach Huyen Wharf Area were approved by the Prime Minister with the investment policy in Decision No. 1323/QD-TTg dated October 9, 2019 and assigned Hai Phong Port Joint Stock Company as the investor. investment, with a total investment of more than VND 6,946 billion. However, after nearly 2 years of approving the policy, due to many obstacles, the speed of investment and construction of container terminals is currently too slow, the project has not been started yet.

Besides, berths 5 and 6 were approved by the Prime Minister for investment policy in Decision No. 299/QD-TTg dated March 4, 2021 and assigned Hateco Group Joint Stock Company as an investor, with total investment capital of 6,425 billion VND. The Management Board of Hai Phong Economic Zone has just held a conference to award the investment registration certificate for the construction investment project of berths 5 and 6 in September 2021.

The Ministry of Transport added that, in order to serve the operation of ports from 3 to 6 in Lach Huyen Wharf Area, the Ministry also approved the investment policy of the construction investment project "Road of Transport". after wharf 3 to berth 6 in Lach Huyen wharf area, Hai Phong seaport” with the scale of investment following the existing route from the end of wharf 2 to wharf 6 and allocating capital in the public investment plan. mid-term 2021 - 2025, to implement investment in sync with the progress of port terminals No. 3 - 6.

Currently, the master plan on development of Vietnam's seaport system for the period of 2021 - 2030 with a vision to 2050 has been approved by the Prime Minister in Decision No. 1579/QD-BGTVT dated September 22, 2021.

The Ministry of Transport is assigning the Vietnam Maritime Administration to prepare a "Detailed plan for groups of seaports, ports, wharves, floating terminals, water areas, land and water areas in the period of 2021 - 2030, with a vision to 2050". and "Detailed planning for development of seaport land and water areas in the period of 2021 - 2030, with a vision to 2050" as a basis for planning management and consultation on investment policy in new ports. according to Lach Huyen Wharf.

Đầu năm 2022, khởi công 4 bến cảng container hơn 13.000 tỷ đồng tại Hải Phòng

Bộ Giao thông vận tải cho biết, nhà đầu tư đang rốt ráo triển khai thủ tục theo quy định để khởi công 4 bến cảng còn lại từ số 3 - 6 thuộc Khu bến Lạch Huyện, Hải Phòng vào đầu năm 2022, sớm thông luồng đón tàu lớn...

vneconomy.vn

Hai phong is the second most important city in North VN( where Vinfast HQ is located) after Ha Noi, capital of VN.

 

[Nilgiri]

Exports to the US reached nearly 5.1 billion USD
October 31, 2021 (GMT+7)

According to Dong Nai Statistics Department, in the first 10 months of 2021, Dong Nai's export turnover to the United States reached nearly 5.1 billion USD, up more than 20% over the same period last year.

The United States is Dong Nai's largest commodity import partner, accounting for nearly 29% of the province's total export turnover. The goods that Dong Nai enterprises export a lot to this country are: textiles, footwear, wood products, textile fibers, machinery, equipment, tools and spare parts, iron and steel products, strong fabrics, fabrics. Skill.

In the export turnover to the US, about 80% of enterprises with foreign direct investment in Dong Nai. Besides, the US is Dong Nai's big export surplus market with about US$3.8 billion. Businesses in the province import a lot of cotton, machinery and equipment, animal feed, and corn from the United States.

Xuất khẩu vào Hoa Kỳ đạt gần 5,1 tỷ USD

Theo Cục Thống kê Đồng Nai, trong 10 tháng năm 2021, kim ngạch xuất khẩu của Đồng Nai vào Hoa Kỳ đạt gần 5,1 tỷ USD, tăng hơn 20% so với cùng kỳ năm trước.

baodongnai.com.vn

Dong nai is a company in Vietnam? Or a province?

 

[Viva_vietnamm]

Dong nai is a company in Vietnam? Or a province?

Its a province, next to Ho CHi Minh city, bro

 

[Viva_vietnamm]

Dong Nai: Foreign investment attraction increased by 26% over the same period last year
Monday, September 20, 2021 08:49 (GMT+7)

(CPV) - According to the Department of Planning and Investment of Dong Nai province, despite being affected by the COVID-19 epidemic, since the beginning of this year, this locality has attracted 964 million USD in foreign direct investment capital. outside, an increase of 26% over the same period last year.

Producing goods for export to Japan in Dong Nai. (Photo: Dong Nai Newspaper)

In which, there are 41 new projects with registered capital of more than 313.2 million USD, down about 18% in number of projects but registered capital increased by more than 50% over the same period in 2020. There are 82 adjusted projects. increased capital with additional capital of over $650.6 million.

Only in August 2021, although Dong Nai province has to implement social distancing to ensure the prevention and control of the COVID-19 epidemic, it still attracts foreign direct investment capital into industrial parks. province still reached nearly 77 million USD.

Le Van Danh, Deputy Head of the Dong Nai Industrial Zones Management Board, said that the COVID-19 pandemic is complicated in the country as well as in many countries around the world, but foreign-invested corporations are still very active. attach importance to Dong Nai's investment environment. Therefore, many corporations have poured capital into new projects and supplemented capital for ongoing projects in the province's industrial parks. Foreign-invested enterprises mostly invest in supporting industries, deep processing, suitable for industries that Dong Nai province is calling for priority to increase the localization rate of products, increase prices. increased value.

Many foreign investment projects with large capital have been granted investment certificates in the first 6 months of the year and July and August 2021. In which, there are projects with investment capital from several tens to hundreds of millions of USD.

It is known that the total number of foreign investment projects in Dong Nai province currently valid is 1,559 projects with a total registered capital of over 32.4 billion USD. Foreign-invested enterprises investing in Dong Nai disburse capital quite quickly, so far it has reached over 80%. Dong Nai is one of six leading provinces and cities nationwide in attracting foreign direct investment.

During the 4th COVID-19 epidemic, in order to maintain production, Dong Nai had 1,143 businesses registered to implement the "3 on-site", "1 road, 2 locations" option, accounting for 73.3%. total number of foreign-invested enterprises in the province.

Currently, Dong Nai province has sent a written request to the Government to continue giving priority to vaccines for Dong Nai to inject 100% of people of the age group to reopen the economy to normal. The province assigned the Department of Transport and the Provincial Police to guide the trade of goods, without causing obstacles to businesses. The province will also quickly handle the entry of foreign experts, if any departments cause difficulties, businesses can directly contact the provincial leaders.

The issue proposed by businesses for workers from yellow, orange, and red areas to return to the factory for production or return to their place of residence, the province will consider and quickly expand the green area and narrow the area. yellow, orange, red, so that businesses recover production better. The opening and approval of businesses to handle the number of workers coming and going must increase gradually, in order to ensure disease safety, the province wants businesses to share and cooperate.

According to Mr. Nguyen Hong Linh, Secretary of the Dong Nai Provincial Party Committee, businesses need to actively develop production recovery plans to suit the new situation. Currently, the provinces and cities in the Southeast have established a working group to remove difficulties for businesses, so when businesses encounter difficulties and problems in Dong Nai or other provinces in the region, they can directly contact the leaders. province to be promptly removed.

It is estimated that in 2021, Dong Nai will attract over 1 billion USD in foreign investment. If the situation of the COVIV-19 epidemic is well controlled, the possibility of investment capital in the province can increase quite high compared to the annual plan. In addition, foreign-invested enterprises will also quickly disburse registered capital to put projects into operation and meet orders from domestic and foreign partners. Currently, there are more than 100 foreign-invested projects being built factories, installing machinery lines and preparing to go into production. The early completion of the above projects will contribute to boosting the index and industrial production value of Dong Nai. Increased industrial production will help the province's export turnover increase and state budget revenue more.

Đồng Nai: Thu hút đầu tư nước ngoài tăng 26% so với cùng kỳ năm trước

(ĐCSVN) - Theo Sở Kế hoạch và Đầu tư tỉnh Đồng Nai, mặc dù bị ảnh hưởng bởi dịch bệnh COVID-19, nhưng từ đầu năm đến nay, địa phương này đã thu hút được 964 triệu USD vốn đầu tư trực tiếp nước ngoài, tăng 26% so với cùng kỳ năm trước.

dangcongsan.vn

 

[Viva_vietnamm]

PM calls for int't support in Việt Nam's green development efforts on sidelines of COP26​

Update: November, 01/2021 - 22:09
|

PM Phạm Minh Chính Chính witnessed the exchanges of memoranda of understanding with a total capitals of US$8.5 billion for three Vietnamese businesses to help with sustainable development projects. — Photo from the Việt Nam Government Portal
GLASGOW — Prime Minister Phạm Minh Chính along with many foreign investors and business executives attended a forum on the prospects of business and sustainable development in Việt Nam held on the sidelines of 26th United Nations’ Conference of Parties (COP26).
The dialogue, themed prosperous and sustainable future through private sector investment, was held by Standard Chartered Bank, the Ministry of Planning and Investment, and the Vietnamese embassy in the UK.
Under the chair of Jose Vinals, Chairman of Standard Chartered Bank, the conference drew the participation of more than 300 senior leaders of businesses and foreign investors who are customers of Standard Chartered and businesses that are members of the British Chamber of Commerce in Việt Nam (Britcham).
At the meeting, PM Chính discussed in detail the major policies of Việt Nam, the prospects of doing business and investing in Việt Nam, Việt Nam’s goals at COP26 and sustainable development objectives it sets sight out as well as the opportunities and challenges Việt Nam is facing in the context of global shift in supply chains.
The Prime Minister emphasised that Việt Nam was steadfast in its foreign policy of independence, self-reliance, diversification and multilateralisation; proactive and active integration into the world in a comprehensive and profound manner, and that the country wanted to be a friend, a reliable partner and an active and responsible member of the international community.
Việt Nam was currently focusing on restructuring the economy, with a focus on restructuring investment (public investment, promotion of public-private partnership, etc.), restructuring the banking system towards increasing the scale and quality, and national restructuring the country’s growth model towards sustainable development and green growth.
The Vietnamese Government leader held firm that peace, cooperation, sustainable development and green growth are global issues that affect all people, so a global and all-people approach is needed to address them.
On climate change, "Việt Nam is one of the countries most heavily affected due to its geographical location and natural conditions," PM Chính stressed.
Việt Nam started out as a poor country, experienced consecutive wars and then a prolonged economic embargo, and was still suffering from many socio-economic difficulties. Therefore, the PM called for fairness and justice in climate change response, developing green economy, and sustainable growth.
Việt Nam’s efforts at green development would require support in climate technology and green finance from developed countries, he underlined.
The country could make strong commitments on emission targets, especially methane gas, he noted.
Chính said in the first months of 2021, Việt Nam still managed to keep its macroeconomy stable, ensuring balances in state budget revenues and expenditure, export-import, energy, and food.
The PM said that another opportunity of Việt Nam was the human factor.
Many investors in Việt Nam believe that the people are the decisive factor in attracting investment.
“Việt Nam sees people as both the actor, the centre, the goal and the driving force of development, and would not sacrifice social progress and justice in pursuit of unabated economic growth," he said.
He stressed that "the more difficulties Vietnamese people face, the more they unite and strive to overcome all problems and move forward".
"We are never confused or afraid of any enemies or difficulties, but naturally, we seek the support and help of international partners in the current integration trend," he said, reiterating how Việt Nam has shifted from a place of poverty with an average GDP per capita less than US$100, to its current $3,500 level after 35 years of đổi mới (renewal).
At the conference, PM Chính witnessed the exchanges of memoranda of understanding with a total capital of US$8.5 billion for three Vietnamese businesses to help with sustainable development projects.
In a separate meeting with PM Chính, Standard Chartered Bank leader Jose Vinals expressed his gratitude for the support that the Vietnamese Government had provided for the bank, and reiterated the commitment to accompany Việt Nam in its sustainable development efforts.
He proposed a number of cooperation initiatives, including ways for Việt Nam to participate more deeply in the fields of insurance, commerce, services and retail; measures on promoting foreign direct investment attraction; contributing to sustainable growth and respond to climate change through multi-billion dollar cooperation agreements and technology support with Vietnamese partner.
PM Chính appreciated various cooperation initiatives that the bank had made in Việt Nam, especially in green development.
He noted that previously when renewable, clean energy was not developed enough, Việt Nam had to go with coal power to boost the economy as a developing nation, so the country’s transition to clean energy now would need a lot of help from developed nations.
PM Chính said that Việt Nam was currently focusing on restructuring the economy, including encouraging foreign banks to participate in restructuring banks that are weak in human resources, capital resources and management capacity.
Việt Nam was also continuing to improve the investment and business environment, including promoting digital transformation in the banking system to attract more foreign investment.
VIệt Nam also needed cooperation in the field of insurance and construction of large financial centres, he suggested to the Standard Chartered Bank leader. — VNS

PM calls for int’t support in Việt Nam’s green development efforts on sidelines of COP26

Prime Minister Phạm Minh Chính along with many foreign investors and business executives attended a forum on the prospects of business in Việt Nam held on the sidelines of 26th United Nations’ Conference of Parties (COP).

vietnamnews.vn

Despite low GPD in Q3 (-6,17%) , VN still would not sacrifice social progress and justice in pursuit of unabated economic growth,

 

[Viva_vietnamm]

Year-end sprint: Not worry about missing orders, just afraid of lack of workers​

11/2/2021 06:00 GMT+7
Enterprises are producing 3 shifts / day to keep up with exports to Europe and the US. Many partners continued to place orders, but the company stopped accepting them because the order lasted until the end of April next year, the number increased by 30%.

Just reopened the factory, the creditor blocked the door and demanded immediate payment
A battle of 'cannon bullets' and a dream of 1.3-1.5 million enterprises by 2025
Conditions to increase support for businesses and people

Abundant orders

According to the General Statistics Office, the industrial production index in October 2021 is estimated to increase by 6.9% compared to the previous month. Exports were estimated at USD 27.3 billion, up 1% over the previous month and up 0.3% over the same period last year. Domestic consumption in October also increased again with the total retail sales of consumer goods and services estimated at VND 357,900 billion, up 18.1% compared to September...

After the distance measures were gradually eased, ministries, branches and localities made efforts to focus on implementing solutions and removing obstacles, production and business activities began to prosper, especially in the area. southern area.

Ho Chi Minh City, the locality hardest hit by the 4th Covid-19 epidemic, is now on the verge of recovering production.

Returning to operation from the beginning of October, Dony Garment Co., Ltd. is increasing production to promptly pay orders to partners. The good news is that, as soon as it resumes operations, enterprises have signed a series of export orders to Europe, the Middle East, the US and Japan, with a total value of about 2 million USD. With a scale of nearly 100 employees, businesses have to work continuously from now until the end of the Lunar New Year, a company representative said.

Textile enterprises began to recover production, orders were abundant.

Viet Thang Jean Company (Thu Duc City) also resumed operations from the beginning of October, with nearly 600 workers. Enterprises are making efforts to ship 1.2 million products to 8 European countries. Currently, Viet Thang Jean's clothes are on shelves all over Europe for sale on Christmas and New Year's Eve through air transportation. The company has received orders until the end of June 2022.

Nam Hoa Company, specializing in the production of wooden toys for export with prices ranging from a few million to tens of millions of dong, located in Binh Chanh district, said that it is producing 3 shifts per day to export goods to Europe and the US. Many partners continue to place orders for Christmas and New Year, but the company stopped accepting because the order has lasted until the end of April next year, the number increased by 30%.

According to Ms. Le Bich Loan, Deputy Head of the Management Board of Ho Chi Minh City High-Tech Park, currently, 100% of enterprises in the zone have resumed production with a scale of 50-75%. Businesses have planned to restore all operations in mid-November.

Meanwhile, according to Ho Chi Minh City Customs Department, in October 2021, import and export activities of enterprises showed clear signs of recovery. Import-export turnover reached 11.7 billion USD, up 25.8% compared to September 2021. This contributes to the budget revenue of more than 800 billion VND.

Simultaneously increase capacity

According to the Dong Nai Industrial Zones Management Board, from the beginning of October 2021, the locality has returned to the 'new normal' state. Over 92% of enterprises in industrial zones have restored production, including many factories operating at full capacity.

Enterprises are constantly adding workers to put production lines into operation. At the same time, enterprises also organize for workers to go and return every day, leaving the implementation according to the "3 on-the-spot" option.


Some enterprises said that if the epidemic is controlled stably and F0 cases do not occur in the factory, the production recovery time will only take 2-3 months. Many businesses have the advantage of being a partner to extend the delivery time and place new orders.

Over 92% of enterprises in industrial zones have restored production.

At Fujitsu Vietnam Computer Products Co., Ltd (Bien Hoa Industrial Park 2), when the province moved into the "new normal", the company brought more than 1,000 workers back to the factory.

Lixil Vietnam Global Manufacturing Co., Ltd (Long Duc Industrial Park, Long Thanh District) also registered for all "green zone" workers to return to the factory. Because partners share difficulties by extending delivery time and keeping orders intact, when returning to production, the company must increase capacity immediately. It is estimated that in 2021, the company's revenue will reach 120 million USD.

Data from the Management Board of Industrial Zones of Binh Duong province shows that, as of October 28, 1,968 enterprises in industrial zones of the province have restored production activities, reaching over 96%. The number of workers returning to work is nearly 373,000 people, reaching nearly 76.4%. In which, many companies have the rate of employees returning to work near 100% and production fully restored.

After about a month, enterprises quickly reorganized production and business activities, ensuring safety in epidemic prevention and control. In particular, enterprises are empowered to take the initiative in production models and methods. In case there is F0 within a narrow range of a separate line, workshop or department, do not extreme blockade or close the whole enterprise.

A representative of Minh Long 1 Co., Ltd. said that, after a week of operation, the number of employees has reached nearly 100%, with 1,200 people. Enterprises' top priority is to increase capacity to meet orders.

Meanwhile, Vitaly Joint Stock Company, which specializes in manufacturing ceramic tiles in Binh Chuan Industrial Park (Binh Duong), reopened production from October 20. According to Ms. Vu Trang Nhung, Sales Manager, in addition to manufacturing according to the orders of partners in Malaysia and Yemen, Vitaly also produces new products for the domestic market. Because of the shortage of labor, it will only produce about 40% of the factory's capacity in the short term. In early November, the company will accelerate and expand production at full capacity to meet market demand.

In Long An, up to now, about 50% of enterprises in the province have returned to work in the "new normal" condition with over 150,000 employees. Duc Hoa district alone has more than 900 enterprises in production, with about 60,000 employees.

Economic experts said that, in October 2021, production and business activities have recovered significantly, enterprises have many orders. However, it is worrisome that the risk of inflation will increase due to high input material prices, labor costs, and epidemic prevention and control costs... Therefore, the financial support package at this time is very much needed. necessary, in order to help businesses recover better, only then will they ensure rapid growth in the last months of the year and also for 2022.

Nước rút cuối năm: Không lo thiếu đơn hàng, chỉ sợ thiếu người làm

<p>DN đang sản xuất 3 ca/ngày để kịp hàng xuất sang châu Âu, Mỹ. Nhiều đối tác tiếp tục đặt hàng nhưng công ty ngưng nhận vì đơn hàng đã kéo dài đến hết tháng 4 năm sau, số lượng tăng 30%.</p> <p> </p>

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Nikkei: Samsung Electronics' new ambitions in home appliances and affirms its plan for 'mother factory' in Vietnam​

01-11-2021 - 06:35 AM | Kinh tế vĩ mô - Đầu tư

"Vietnam is a 'mother factory', we continue to grow there and have no plans to downsize production," said Samsung Electronics CEO and President Kim Hyun-suk.​

Samsung Electronics executives say that every future home will have a robot that runs around the kitchen, prepares dinner, knows what to cook based on user preferences, and is aware of any risks. any health risk of the employer.

It sounds far-fetched, but Samsung predicts it will soon become a reality.

Kim Hyun-suk, CEO and President of Consumer Electronics, who oversees AI research and development, said in an interview with Nikkei that the group plans to manufacture electrical devices. smart home electronics, creating a service that connects diverse products, from smartphones and TVs to home appliances.

Mr. Kim said: "Around 25% to 30% of the world's population uses Samsung products every day, and this presents us with a great opportunity. Connecting products will allow the company to provide delivering exceptional experiences [to customers] in a completely different field from Apple."

Last year, Samsung Electronics posted sales of 48.17 trillion KRW ($41.3 billion) with the world's leading TV market share.

For example, with advanced connectivity, Samsung TVs can display a fitness program and built-in sensors will track the user's movements, working with wearables to track vital health metrics. their. Then, an AI-powered system will use the big data to recommend a most suitable exercise program.

The service will go even further, suggesting a recipe for a healthy meal based on what the AI detects in the fridge.

At CES 2021 in the US, one of the world's leading technology exhibitions, Samsung presented a vision of a robot-assisted home. They launched a robot that performs household chores such as controlling dishwashers and washing-dryers that automatically set the time to wash clothes. The company predicts that, with advancements in image recognition technology and control chips, robots will soon become part of families.

"Personalization and automation will be achieved at the same time thanks to AI," Kim said, pointing out that devices will even perform tasks one step ahead of users, based on their preferences. .

"Today, instead of letting viewers scroll through channels, TVs choose the programs they want. This technological advancement will spread to other electronic devices," Kim added.


This year, Samsung established a division that promotes multi-device experiences, where the leaders of the smartphone, TV, and home appliances industries work together to drive connectivity. between products, seeking to develop new services quickly through close collaboration.

With Chinese rivals making strides, Samsung is under pressure to reach the future as soon as possible.

Kim Hyun-suk, CEO and President of Consumer Electronics, believes that the key to attracting young consumers is new features and experiences. (Photo: Kotaro Hosokawa)

"Chinese companies are completely superior in hardware and we can't beat them with specs alone," Kim admitted. But Samsung is tapping into its strengths in offering a wide range of products, and Kim said Samsung can provide new experiences by connecting a wide range of products.

Samsung is focusing on experience and generational differences between older and younger customers. "Compared to consumers aged 40 and over, those belonging to 'Gen MZ' (the Korean term for people in their 20s and 30s) are less loyal to brands," he said. "They make decisions based on whether they can get a new experience."

"Young people also regularly share content on platforms like Netflix and Instagram. Differences between people in different countries and regions are narrowing, their consumption preferences are quite similar to those of each other," Kim said. "This is why it is essential to develop products and services aimed primarily at these young people over the next five to 10 years."

Like other manufacturers, Samsung's supply chain has been hit hard by challenges such as the pandemic and global chip shortages. Factories producing smartphones, electronics and home screens in Vietnam are still limited because of Covid-19. However, Mr. Kim pointed out that Samsung is very committed to Vietnam.

"Vietnam is a 'mother factory', we continue to develop there and have no plans to downsize production," - Director Kim Hyun-suk confirmed.

*Mother factory" is a term widely used in industry in Japan.Every year, more and more articles referring to "mother factory" appear in the Japanese mass media. Furthermore, academic research, especially in the field of international business, also uses this term.

However, the term has never been clearly defined and is used in many ways. For example, articles in the Japanese mass media have described different ways of "mother factory", some of the common interpretations are:

- A factory acts as a parent company to develop production technology and human resources and strengthen the function of guiding and controlling overseas factories.

- A factory engaged in product development or product prototyping, creating prototypes of new products and leading other mass production plants to develop the latest production technologies.

- A factory develops new technologies and transfers them abroad.

- Meaning varied, it can be used differently in Japanese mass media, academic research and non-academic research in Japan.

Nikkei: Tham vọng mới trong mảng điện gia dụng của Samsung Electronics và khẳng định kế hoạch cho 'mother factory' Việt Nam

"Việt Nam là 'mother factory', chúng tôi tiếp tục phát triển ở đó và không có kế hoạch thu hẹp quy mô sản xuất" - Giám đốc điều hành kiêm Chủ tịch mảng điện tử tiêu dùng Samsung Electronics Kim Hyun-suk khẳng định trong cuộc phỏng vấn với Nikkei.

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Recruiting laborers to 'sprint' year-end orders
November 3, 2021 -

According to the Management Board of Dong Nai Industrial Parks, by October 31, in 31 industrial parks in Dong Nai, there were nearly 1.6 thousand businesses operating with 520,000 workers returning to factories. In the fourth quarter of this year, businesses are in dire need of labor to produce sprints and serve year-end orders.

Mr. Le Van Danh, Deputy Head of the Management Board of Industrial Parks (MBC) of Dong Nai said: “Before the fourth wave of COVID-19 epidemic, there were 1,713 enterprises operating in industrial parks in the province. with more than 615 thousand domestic workers and more than 7,000 workers from other countries. To date, about 110 businesses are still temporarily suspending operations, but many are expected to resume operations in early November 2021.

According to the Industrial Zone Management Board, implementing social distancing for more than 2 months, more than 500 businesses in industrial zones had to suspend operations. At the end of September 2021, when Dong Nai province gradually returned to the "new normal" state, many businesses quickly recovered, racing with the year-end production schedule and continuing to sign new production contracts.

Mr. Wu Minh Ying, Chairman of the Taiwan Trade Association in Dong Nai, General Director of Boss Industry Co., Ltd. said: “Many Taiwanese businesses in Dong Nai have been severely affected by the COVID-19 pandemic. production must be stopped. Therefore, after Dong Nai reopened, businesses have registered to operate again, supplement workers, increase factory capacity to promptly retain year-end orders signed with partners.

General Director of Dong Nai Garment Corporation (Bien Hoa 1 Industrial Park) Bui The Kich said that up to now, the company has had more than 90% of workers return to work and is urgently working overtime, speeding up production to serve orders. and will meet nearly 90% of the plan. “The company has to negotiate with the partner about the delivery plan. Although it was quite difficult, the company's operation was stable. In addition to the number of employees who have not yet worked, the company is recruiting 500 new employees, "said Mr.

Many options for workers

In industrial zones in Dong Nai province, hundreds of businesses are recruiting workers for production plans, especially to increase capacity for year-end orders and ensure the capacity to sign new production contracts.


As soon as Dong Nai province ended social distancing, Dami Stes Prefabricated House Company in Bien Hoa City quickly recruited more than 300 welders, technicians, and unskilled workers with salaries ranging from 6 million to 12 million dong (280 usd to 500 usd per month). In addition to salary, the company commits that employees will enjoy additional benefits of the company, 13th month salary bonus, child support allowance under 18 years old with 100,000 VND (4,5usd)/child/month…

Ms. Nguyen Thi Ha, in charge of recruitment of this enterprise, said: "Currently, businesses are in need of more factories to expand production, so contracts to build factories are many, so enterprises need to recruit many workers to meet the job requirements”.

Meanwhile, at Sansel Vietnam Industry Company in Amata Industrial Park (Bien Hoa City) is recruiting many workers for many positions with a salary of 7.2 to 12 million VND/month and other benefits.

Choosing through many recruitment information at Amata Industrial Park, Ms. Hoang Thi Hue, a native of Dak Nong, said that she called to apply for a job at this company and was guided by the company to submit a job application. Mr. Nguyen Van Tho, a qualified and experienced welder, said he was called for an interview by the recruitment company. Mr. Tho is confident that he will meet the job with a salary of 12 million VND/month. “In the past, I followed the company to work on projects away from home, now I decided to apply for a company in Bien Hoa city to go home during the day,” said Mr. Tho.

Chairman of Dong Nai Provincial People's Committee Cao Tien Dung said: "Currently, the province has more documents to promptly remove obstacles for businesses to resume production and business. Some of the major issues businesses are concerned about, which are being focused on by the province, are giving workers enough COVID-19 vaccines and bringing them back to the factory."

In the recent meeting between the leaders of Dong Nai province and businesses, many businesses affirmed that, if the epidemic is well controlled, employees will be vaccinated with 2 doses of COVID-19 vaccine and the province will relax all restrictions. According to regulations on anti-epidemic, factories will be able to restore their capacity as at the beginning of the year in about 2-4 months. Thus, businesses will be able to meet orders for the end of the year and negotiate more new orders for 2022.

Tuyển lao động 'chạy nước rút' đơn hàng cuối năm

Theo Ban Quản lý các khu công nghiệp Đồng Nai, đến ngày 31/10, trong 31 khu công nghiệp tại Đồng Nai đã có gần 1,6 ngàn doanh nghiệp hoạt động với 520 ngàn lao động trở lại các nhà máy làm việc. Quý 4 này, các DN đang rất cần lao động để sản xuất nước rút, phục vụ các đơn hàng cuối năm.

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The world's largest wind power corporation proposes to invest more than 11 billion USD in an offshore project in Hai Phong​

03-11-2021 - 09:04 AM |

Orsted Group (Denmark) - the world's largest corporation in the field of wind power proposes to research in Hai Phong an offshore wind power project with a total capacity of 3,900 MW, estimated investment of 11.9 to 13,​

Orsted Group (Denmark) - the world's largest corporation in the field of wind power proposes to research in Hai Phong an offshore wind power project with a total capacity of 3,900 MW, estimated investment of 11.9 to 13, 6 billion USD.

On November 2, 2021, Vice Chairman of Hai Phong City People's Committee Nguyen Duc Tho hosted and worked with the delegation of the Danish Embassy in Vietnam, led by Mr. Troels Jakobsen, Commercial Counselor.

The meeting with the content of the offshore wind power project in Hai Phong city, proposed to research and survey by Orsted Group.

The project proposed by this enterprise has a total capacity of 3,900 MW, divided into 3 phases; wind output is expected to be about 13,665,600 MWh/year; Wind turbine is expected to be installed with a capacity of about 20 MW, tower height from 150 - 200 m.

The project location is in the offshore sea, the southeast is 14 km from Bach Long Vy island; The northwest is 36 km from Long Chau archipelago, 88 km from Cat Ba island, 76 km from Tien Lang district, 74 km from Kien Thuy district, 70 km from Do Son district. Total investment is estimated at 11.9 to 13.6 billion USD.

The project is evaluated in line with the orientation of Vietnam's National Energy Development Strategy, with the view of prioritizing the exploitation and use of renewable energy sources.

Mr. Troels Jakobsen expressed his wish that the friendly cooperation between Denmark and Hai Phong in the coming time would continue to be promoted in such fields as economy, trade, investment, education, tourism, and economic transformation. green economy.

Appreciating Orsted Group's capacity in offshore wind power development, Hai Phong Vice Chairman Nguyen Duc Tho affirmed that he would pay attention and create favorable conditions for investors.


In order to ensure the feasibility in the process of implementing and studying the plan later, Mr. Nguyen Duc Tho suggested that the investor provide more documents and supplement the issues raised by the departments and agencies at the meeting. working, completing documents to make the project highly feasible.

The Vice Chairman of Hai Phong also requested the group to review and clarify the contents related to the survey location, the appropriate spacing of wind turbines to combine, and rationally develop the marine space. science. At the same time, ensure compliance with current regulations, the investment divergence, do not affect the navigation channel, security and defense issues.

Orsted is currently a leading enterprise in the field of offshore wind power controlled by the Danish Government.

In 2020, the revenue of this business is 8.6 billion USD, profit is 3 billion USD. Orsted currently supplies more than 15 million people with green energy worldwide, and is expected to double that number by 2025.

In June 2021, Ms. Louise Holmsgaard, Chargé d'affaires, Embassy of Denmark in Vietnam had a meeting with Hai Phong city to discuss and introduce the offshore wind power project by the National Gas Group. Wind Orsted wishes to invest in Hai Phong.

At the meeting, Ms. Louise Holmsgaard informed that Orsted Group of Denmark is the world's largest corporation in the field of offshore wind power, a long-term, capable and experienced investor in the field of wind power. .

The Chargé d'affaires, the Embassy of Denmark, affirmed that if the project is invested in Hai Phong, the project will make many contributions to the city's socio-economic development, contributing to green development goals. in the National Energy Security Strategy.

Tập đoàn điện gió lớn nhất thế giới đề xuất đầu tư hơn 11 tỷ USD làm dự án ngoài khơi tại Hải Phòng

Tập đoàn Orsted (Đan Mạch) - tập đoàn lớn nhất thế giới trong lĩnh vực điện gió đề xuất nghiên cứu tại Hải Phòng dự án điện gió ngoài khơi có tổng công suất 3.900 MW, mức đầu tư ước tính 11,9 đến 13,6 tỷ USD.

cafef.vn

 

[Viva_vietnamm]

Prime Minister witnessed Vietnamese and French businesses sign cooperation agreements of billions of EUR​

04-11-2021 - 08:42 AM

The two Prime Ministers witnessed the signing ceremony of agreements between Vietnamese and French businesses.

On the evening of November 3, Paris time, after concluding talks within the framework of his official visit to the French Republic, Prime Minister Pham Minh Chinh and French Prime Minister Jean Castex witnessed the signing ceremony of cooperation agreements. between agencies and businesses of the two countries.​

Documents signed between the authorities of the two countries include:
- Cooperation agreement between the Ministry of Justice of Vietnam and the Political Consultative Assembly of the French Republic for the period of 2021-2026;

- Administrative agreement between the Vietnamese Ministry of Education and Training and the French Ministry of Higher Education, Research and Innovation on the recognition of degrees and training processes;

- Loan agreement and aid agreement for the multi-disaster management project of Nam Rom river basin to protect people's lives, adapt to climate change and develop socio-economic in Dien Bien province;

- Letter of intent to cooperate in implementing Earth observation satellite projects between the Vietnam Academy of Science and Technology and the French National Center for Space Research.

The signed documents in the field of economy - commerce include a memorandum of understanding between Vietnamese airlines, including:


- Vietjet Air and Bamboo Airways with Safran - the world's leading high-tech corporation of France;

- Memorandum of Understanding on cooperation in the fields of satellites, smart cities, digital identity and cyber security between Vietnam Posts and Telecommunications Group and Thales Group.

Also on this occasion, the Ministry of Industry and Trade also handed over the decision on investment policy of Son My 1 power project.

In particular, according to the comprehensive strategic cooperation agreement signed by Vietjet and Safran, from cooperation in the supply and use of aircraft engines and services through CFM International, Safran's joint venture company with CFM International. With sales of 10 billion USD already, Vietjet and Safran continue to expand their cooperation to a long-term strategic level.

Meanwhile, Bamboo Airways and Safran signed a memorandum of understanding on the selection of engines and aircraft equipment for Bamboo Airways' order of 50 A321NEO and 30 Boeing 787-9 aircraft. The total value of agreements in the Memorandum of Understanding is estimated at EUR 2 billion.

Thales and VNPT signed a strategic memorandum of understanding to cooperate in the fields of telecommunications satellites, smart and secure cities, digital identity and biometrics, 5G & IoT, and cybersecurity.

Thủ tướng chứng kiến doanh nghiệp Việt Nam và Pháp ký các thỏa thuận hợp tác hàng tỷ EUR

Tối 3/11 theo giờ Paris, sau khi kết thúc hội đàm trong khuôn khổ chuyến thăm chính thức Cộng hòa Pháp, Thủ tướng Phạm Minh Chính đã cùng với Thủ tướng Cộng hoà Pháp Jean Castex chứng kiến lễ ký kết các thỏa thuận hợp tác giữa các cơ quan và doanh nghiệp hai nước.

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Outpacing China, the US becomes Vietnam's largest trading partner
03/11/2021 06:30 GMT+7

Overcoming China and Cambodia, the US becomes the largest trading partner of Vietnam's agricultural industry in the first 10 months of 2021.


The import-export report of the Ministry of Agriculture and Rural Development shows that in the 10 months of 2021, the total import-export turnover of Vietnam's agricultural, forestry and fishery products reached over 74.3 billion USD, up 24.2% over the same period last year. 2020. In which, exports (exports) reached nearly 38.75 billion USD, up 13.1%; import (import) was about 35.56 billion USD, up 39.1% over the same period last year.

Notably, the US becomes the largest trading partner of Vietnamese agriculture in the first 10 months of 2021.

Specifically, in the export segment, with a turnover of 10.8 billion USD (accounting for 27.9% of the market share), the US far surpassed China to become the largest customer. Accordingly, the group of wood and wood products accounted for 68.4% of Vietnam's export turnover to this market.

Similarly, the US also surpassed Cambodia to become the largest agricultural export market to Vietnam, reaching nearly $3.3 billion, accounting for 9.2% of the market share (of which cotton accounted for 36.4% of the value).

​

Export of wood and wood products to the US has grown strongly in recent years (photo: TL)

According to industry experts, thanks to the control of the epidemic and the reopening of activities, the US becomes a potential market for Vietnamese agricultural exports. Not only in the interior wood segment, in recent months, seafood exports to this market have also increased sharply.

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), by the end of September 2021, Vietnamese seafood exports to the US reached US$1.45 billion, up 24% over the same period last year.



Shrimp, pangasius and tuna are the three main product lines exported to the US. In which, shrimp exports to the US increased by 22% to 775 million USD. The US is currently Vietnam's largest shrimp export market, accounting for 28% of the shrimp industry's export turnover.

In tuna, the US is also the largest market, accounting for 43.5% of the proportion, with 226 million USD in the first 9 months of this year, up 8% over the same period last year.

Pangasius exports to the US reached 248 million USD, up 43%. Notably, Vietnamese pangasius accounted for 93% of the catfish that the US imported in the three quarters of 2021.

According to the Department of Agricultural Product Processing and Market Development, a number of Vietnamese products may be strong and the US has import demand to meet domestic consumption such as vegetables, tubers, fruits, coffee, tea, pepper, etc. rubber, cashew nuts, seafood. If technical barriers can be overcome, exports to the US will continue to grow strongly in the coming time.

Vượt xa Trung Quốc, Mỹ trở thành bạn hàng lớn nhất Việt Nam

<p>Vượt qua cả Trung Quốc và Campuchia, Mỹ trở thành bạn hàng lớn nhất của ngành nông nghiệp Việt trong 10 tháng năm 2021.</p>

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An US semiconductor company "poured" 1.6 billion USD to build a super factory in Bac Ninh​

05-11-2021 - 17:44 PM |

Recently, Bac Ninh Provincial People's Committee has coordinated with Amkor Technology, Inc (Amkor) to organize the signing ceremony of agreement to develop the project of Semiconductor Manufacturing, Assembly and Testing Factory in Yen Phong II Industrial Park. -C with a total investment of up to 1.6 billion USD for the whole project.​

At the signing ceremony, Chairman of Bac Ninh Provincial People's Committee Nguyen Huong Giang and Mr. JONGRIP JI, Chairman of Amkor Company signed an agreement to develop the project of manufacturing, assembling and testing semiconductor materials at Yen Phong II Industrial Park. C, has a total investment capital of 1.6 billion USD by 2035 with an area of about 23 hectares. In which, the first phase of the project invests about 520 million USD and will be disbursed within 5 years from the date of issuance of the Investment Registration Certificate.

This will be a smart, modern factory in Bac Ninh province. Expected to start the first phase in the first quarter of 2022, the project will focus on providing advanced System in Package (SiP) assembly and test solutions for electronics and semiconductor manufacturing companies. Top of the world.

Speaking at the ceremony, Mr. JONGRIP JI, Chairman of Amkor Company emphasized, by studying the investment environment in Bac Ninh province, he was impressed by his diligence, passion, enthusiasm, high sense of responsibility. Inquisitiveness and bravery, industriousness and flexibility of Bac Ninh people. Especially, the attention and support of the leaders of Bac Ninh province together with modern infrastructure and abundant human resources are the foundation for the Company to choose to invest in the province.

Mr. JONGRIP JI committed his best efforts to create the success of the semiconductor industry in Bac Ninh province by successfully building Amkor factory in Yen Phong II-C Industrial Park; at the same time, wishes to continue to receive the attention, support and companionship of the Government of Vietnam as well as Bac Ninh province during the investment period, so that the project can develop stably and produce long-term in the province.

On behalf of the provincial leaders, Secretary of the Bac Ninh Provincial Party Committee Dao Hong Lan welcomed and highly appreciated Amkor Company's research, research and investment cooperation in Bac Ninh province, at the same time, briefly introduced the achievements. prominent in the province's socio-economic development in recent years. With many open and attractive investment policies, stable political security, social order and safety, Bac Ninh province has become an attractive destination for many investors from 37 countries and regions. territory.

Secretary of the Bac Ninh Provincial Party Committee Dao Hong Lan affirmed that the company's goals are in line with the orientation of Bac Ninh province in prioritizing the selection of investors according to the criteria "2 less, 3 high". ensure sustainable development. At the same time, it is expected that with famous customer partners, products manufactured in Bac Ninh will be available in many countries around the world.

Immediately after the signing ceremony, Secretary of the Bac Ninh Provincial Party Committee Dao Hong Lan also suggested that Amkor Company and provincial departments, agencies and branches, according to their functions and tasks, urgently implement the agreed contents so that the project can be completed soon. Investment certificates. Bac Ninh province is committed to creating all favorable conditions for the project to soon come into operation in the province, ensuring the progress of the Company.

Also at the Signing Ceremony, Amkor Company signed a land lease contract with Viglacera Corporation.

Một doanh nghiệp sản xuất vật liệu bán dẫn Hoa Kỳ 'rót' 1,6 tỷ USD xây dựng siêu nhà máy tại Bắc Ninh

Vừa qua, UBND tỉnh Bắc Ninh đã phối hợp với Công ty Amkor Technology, Inc (Amkor) tổ chức Lễ ký kết thoả thuận phát triển dự án Nhà máy sản xuất, lắp ráp và thử nghiệm vật liệu bán dẫn tại KCN Yên Phong II-C với tổng vốn đầu tư lên tới 1,6 tỷ USD cho toàn bộ dự án.

cafef.vn

 

[Viva_vietnamm]

The Prime Minister's visit brought many contracts up to 30 billion USD
07/11/2021 02:39 GMT+7
During his business trip to the UK and France, Prime Minister Pham Minh Chinh witnessed nearly 60 cooperation memorandums between Vietnamese enterprises and European countries with a total investment value of more than 30 billion USD.

Busy days of Prime Minister Pham Minh Chinh in Paris
Deputy Foreign Minister To Anh Dung shared with the press many impressive results from Prime Minister Pham Minh Chinh's working trips to Britain and France.

Open up many opportunities to strengthen cooperation with other countries

The COP 26 conference is one of the important contents of the Prime Minister's visit this time. So, can the Deputy Minister summarize the results as well as the significance of attending the COP26 Conference of the Vietnamese delegation led by Prime Minister Pham Minh Chinh?

The conference attracted the participation of nearly 200 member countries, including 120 heads of state and prime ministers and about 36,000 delegates. Therefore, the participation of Prime Minister Pham Minh Chinh and the Vietnamese delegation at the conference is of great significance and has achieved many practical results.

This is a specific high-level implementation of the policy and foreign policy of the 13th Party Congress on "continuing to promote and improve the efficiency of foreign affairs and international integration" and Directive 25 of the Party Congress. Secretariat on "Strengthening and Raising the Level of Multilateral External Relations to 2030".

By participating in the Conference, we have reaffirmed the strong message to all international friends about a responsible, proactive and active Vietnam in handling one of the common challenges. The biggest and most concerned global issue today is climate change. Thereby demonstrating the foreign policy of independence, self-reliance, diversification and multilateralisation, and being an active and responsible member of the international community.

The Prime Minister's visit brought many contracts up to 30 billion USD
Prime Minister Pham Minh Chinh meets US President Joe Biden on the sidelines of COP26
Through active and active participation with the profound messages expressed in the speeches of Prime Minister Pham Minh Chinh at the conference, especially the commitment related to achieving net emissions of "zero" by By 2050, by joining the commitment to reduce global methane emissions and the Glasgow Declaration of Forest and Land Use Leaders, the international community has more clearly seen Vietnam's policy, determination, efforts and political commitment. South in response to climate change.

During the bilateral contact on the occasion of the conference, the leaders of the countries shared the serious impacts of climate change as well as the difficulties and challenges we are facing. Leaders of other countries also consider Vietnam as a model of a developing country that still faces many difficulties but has made leading contributions to climate change response.

The Prime Minister's proposals are welcomed and supported by all countries. This opens up many opportunities for us to strengthen cooperation with other countries and partners in finance, technology transfer and capacity building to support our efforts to respond to climate change. .

On the occasion of attending COP26, the Prime Minister and the Vietnamese delegation had more than 20 meetings and bilateral contacts with senior leaders of countries on all continents, including strategic partners, major partners and partners. leaders of international financial institutions, new energy, environment...

Thereby promoting cooperation between Vietnam and partners, deepening and effective cooperation relations, actively contributing to consolidating a solid and favorable external situation to maintain peace and stability. and develop the country.

This is also an opportunity for us to deploy vaccine diplomacy, health diplomacy, mobilize resources including finance and technology, actively contribute to the prevention of Covid-19 epidemic and recovery and development. socio-economic development.

So what are the results of vaccine diplomacy and medical cooperation through this trip, sir?

Other countries shared Vietnam's difficulties and responded positively to our request. Specifically, France announced an additional aid of nearly 1.4 million doses of anti-Covid-19 vaccines through bilateral channels and the COVAX mechanism, bringing the total number of doses of vaccines France supported to Vietnam to more than 2 million doses.

He affirmed that he will help Vietnam improve its medical capacity and transfer Covid-19 vaccine production technology.

The Prime Minister's visit brought many contracts up to 30 billion USD
Prime Minister Pham Minh Chinh witnessed the signing ceremony of cooperation agreements between AstraZeneca and Vietnamese partners
The domestic company and AstraZeneca Company signed a contract to buy 25 million doses, bringing the total number of agreements to more than 55 million doses and committed in November and December 2021 all vaccines will be brought to Vietnam, in time. to quickly implement the Government's goal of universal vaccination.

Countries attach importance to Vietnam's role and position

What are the outstanding results of the Prime Minister's bilateral activities in the UK and the official visit to France by the Prime Minister, Deputy Minister?

Britain and France are both big countries in the world, a permanent member of the United Nations Security Council, a member of the G-7 Group and a strategic partner of Vietnam. France will assume the role of rotating EU Chair in the first half of 2022. Both countries are adjusting their policies towards the Asia-Pacific region, in which ASEAN and Vietnam are attached. In that context, the working visit to the UK and the official visit to France achieved many important goals, substantive results and strategic significance.

Both countries gave the Prime Minister and delegation a very respectful and warm welcome. Despite having to focus highly for the COP26 Conference, welcoming hundreds of heads of state, both the Royal Family and the British Government attach great importance to Vietnam's participation.

Prime Minister Boris Johnson, Prince Charles, Prime Ministers of Scotland, Wales and Northern Ireland" all took time, including holidays to meet and interact with the Prime Minister. In Vietnam, the rituals are more than usual, respectful and very friendly: both the President and Prime Minister hold talks and solemn receptions, the President of the National Assembly and the President of the Senate have a meeting with our Prime Minister.

France gives Prime Minister Pham Minh Chinh and the Vietnamese delegation official ceremonies, more than usual
During talks and meetings, leaders of countries expressed their importance to Vietnam's role and position, agreed on major orientations, and assigned ministries and branches to implement specific cooperation measures to increase strengthen strategic trust, determined to bring cooperation frameworks with Vietnam in all fields to further deepen, substantive and effective.

Discussing multilateral issues, the leaders of Britain and France shared and supported Vietnam in international issues such as climate change response, security and safety, freedom of navigation and aviation on the basis of respect for the law. international law, including the 1982 United Nations Convention on the Law of the Sea (UNCLOS).

Can you give some specific numbers from the Prime Minister's trip?

The impressive results of trade and investment promotion activities during the trip were that, with the witness of the Prime Minister, nearly 60 cooperation memorandums were agreed upon by Vietnamese enterprises and other countries, with a total investment value of about 60 million USD. The investment is committed to more than 30 billion USD, focusing on the fields of renewable energy, digital economy, digital transformation, environment, infrastructure development, planning, aerospace industry, medicine. economy and epidemic prevention, education, agriculture, tourism... are priority orientations to attract investment of Vietnam.

The Prime Minister's visit brought many contracts up to 30 billion USD
The Prime Minister witnessed the signing of an agreement on the implementation of the contract for 119 aircraft
Nearly 450 leading businesses from the UK, France and Europe who attended in person and online 2 business forums in the UK and France expressed their encouragement by the Prime Minister's message that Vietnam has moved to the stage of adaptation. Safe, flexible, effective disease control, accompanying and creating all favorable conditions for businesses to feel secure to invest and do long-term business in Vietnam.

In addition, the Prime Minister had nearly 40 meetings and exchanges with more than 60 leaders of leading corporations, banks and universities in the UK, France and Europe. Leaders of the Ministries of Planning and Investment, Industry and Trade, Agriculture and Rural Development, Information and Communication, Natural Resources and Environment, and Health also worked separately with about 50 corporations and large enterprises. to discuss specific investment projects and cooperation directions in the near future.

Chuyến công du của Thủ tướng và những cam kết đầu tư 30 tỷ USD

<p>Trong chuyến công tác tại Anh và Pháp, Thủ tướng Phạm Minh Chính đã chứng kiến gần 60 bản ghi nhớ hợp tác giữa DN Việt Nam và các nước châu Âu với tổng giá trị đầu tư hơn 30 tỷ USD.</p>

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