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Government backs Samsung’s long-term business strategy in Việt Nam: Deputy PM

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Deputy Prime Minister Lê Minh Khái (right) in talks with Director-General of Samsung Việt Nam Complex Choi Joo-ho. — VNA/ Photo Minh Đức

HÀ NỘI — Deputy Prime Minister Lê Minh Khái has confirmed that the Government backs Samsung’s long-term business strategy in Việt Nam, during a reception for business executives attended by Director-General of Samsung Việt Nam Complex Choi Joo-ho in Hà Nội on Monday.

Informing his guests that he is to visit the Republic of Korea within the framework of the bilateral dialogue mechanism on economic cooperation at the deputy prime ministerial level, Khái said that during the visit, he and his RoK counterpart will evaluate the outcome of the economic partnership between the two countries since their previous dialogue in 2019.

Samsung is a big investor in Việt Nam and the Vietnamese Government wants to listen to its opinions in order to discuss with the RoK side how to create more favourable conditions for the firm to operate effectively, the Deputy PM said.

Choi Joo-ho told the host that currently, Samsung has six production factories, one research centre and one sales entity in Việt Nam.

Apart from mobile phone and household appliance products, Samsung also manufactures parts for televisions and telephones, he said. The firm currently employs 110,000 people in Việt Nam. According to Choi, so far, Samsung has disbursed 100 per cent of its registered capital of US$17.7 billion in Việt Nam.

He said that during the fourth wave of COVID-19 in Việt Nam, the firm received great support from Vietnamese localities, adding that its factories in the north resumed production in August and those in the south have operated stably since November.

Last year, Samsung’s revenue reached $56.7 billion. This figure is expected to rise 15 per cent this year, he said.

The executive thanked the Vietnamese Government for assisting the firm over the years, expressing hope that Việt Nam will continue to maintain safe and flexible adaptation to the pandemic to ensure that production is not interrupted.

Choi gave some proposals regarding the global minimum corporate tax in line with the regulations of the Organisation for Economic Cooperation and Development (OECD).

Deputy PM Khái pledged that Việt Nam will work to access more vaccine sources to enable businesses to operate safely in the new normal situation, while urging enterprises, including Samsung, to continue to coordinate with local government to effectively control the pandemic for long-term operations.

He lauded Samsung’s investment in a $220-million research and development centre in Việt Nam, which is scheduled for completion in 2022, affirming that the Vietnamese Government supports the firm’s long-term business strategy in Việt Nam. He asked Samsung to report its difficulties to the Vietnamese authorised agency for timely solutions.

Stressing Việt Nam’s determination to deliver on its commitments to businesses, Deputy PM Khái said that Việt Nam wants to listen to feedback from the business community in response to changes in policies. —

Source: https://vietnamnews.vn/politics-laws/1094304/government-backs-samsungs-long-term-business-strategy-in-viet-nam-deputy-pm.html

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Việt Nam, Hungary foster parliamentary cooperation

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Standing Vice Chairman of the National Assembly (NA) Trần Thanh Mẫn holds talks with First Officer of the Hungarian NA Márta Mátrai in Hà Nội on Thursday. VNA/ Photo 

HÀ NỘI — Standing Vice-chairman of the National Assembly (NA) Trần Thanh Mẫn and First Officer of the Hungarian NA Márta Mátrai discussed measures to develop the cooperation between the two legislative bodies more practically and effectively during their talks held in Hà Nội on Thursday.

First Officer Márta is leading a high-ranking delegation from the Hungarian NA on a working visit to Việt Nam from January 18-22.

They appreciated that in spite of the impacts of the COVID-19 pandemic, bilateral parliamentary cooperation between the two countries was ensured.

Last July, NA Chairman Vương Đình Huệ held a phone talk with his Hungarian counterpart László Kövér to discuss ways to promote the relations between the two countries and two NAs in the future.

The two NAs established a bilateral friendship group of parliamentarians while parliamentarians of the two countries kept meeting, coordinating and supporting each other at multilateral parliamentary forums such as the Inter-Parliamentary Union (IPU) and the Asia-Europe Parliamentary Partnership Meeting (ASEP).

They said the two NAs should continue organising such activities as well as exchanges and dialogues to share law building experience.

At the talks, Vice Chairman Mẫn spoke highly of the Hungarian delegation’s visit, saying that this was the first international delegation visiting and working with the NA of Việt Nam on the occasion of the new year.  

Mẫn said he believed that it would be a good start in the parliamentary relations between Việt Nam and Hungary as well as between Việt Nam and parliaments of other EU member countries.

The Vietnamese NA appreciated the progress in the relations between the two countries over the past years, particularly the development of the bilateral relations to the comprehensive partnership during the visit to Hungary by Party General Secretary Nguyễn Phú Trọng in 2018, which demonstrated the determination of leaders of the two countries in promoting the bilateral relations.

Vice-Chairman Mẫn stressed that with a traditional friendship of over 70 years, Việt Nam always attached importance to enhancing the multi-faceted cooperation with Hungary – the first comprehensive partner of Việt Nam at Central and Eastern Europe.

Appreciating the effective cooperation between the two countries at multilateral platforms, Mẫn thanked the Hungarian Parliament for supporting the signing and approval of the EU-Vietnam Free Trade Agreement (EVFTA). The EVFTA, which took effect from August 2020, has created a strong motivation to promote trade exchanges and investment cooperation between Việt Nam and Hungary and other EU member countries.

Hungary was also the first member country of the EU to approve the EU-Vietnam Investment Protection Agreement (IVIPA), he said.

He also expressed delights at the development of the economic and commercial cooperation between the two countries. Two-way trade turnover reached a record of US$1.3 billion in 2020, despite the pandemic’s impacts.

He said he appreciated that Hungary has considered Việt Nam as a priority partner in its ODA policy with a commitment of Euro 440 million of preferential loans to help implement projects in the fields of priority cooperation between the two countries.

First Officer Márta affirmed that Việt Nam was the most important foreign trade partner of Hungary in Southeast Asia.

She thanked Việt Nam for sending face masks and medical equipment for Hungary to support its COVID-19 prevention and control.

She wished that the Vietnamese NA would have supports to help realise cooperation agreements between the Governments, ministries, and sectors of the two countries. —

 

 

 

 

 

 

Source: https://vietnamnews.vn/politics-laws/1117642/viet-nam-hungary-foster-parliamentary-cooperation.html

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Man in Phú Yên Province imprisoned for anti-State propaganda, storing explosives

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Nguyễn Bảo Tiến in protective suit at the trial on Friday. — VNA/ Photo Xuân Triệu

PHÚ YÊN — The People’s Court of the central province of Phú Yên on Friday sentenced a man to six and a half years in prison for distributing anti-State materials and illegally storing explosives.

According to the indictment issued by the provincial People’s Procuracy, Nguyễn Bảo Tiến, born in 1986 and living in Ward 4 of Tuy Hòa City, followed foreign newspapers and often shared and posted articles with distortions and anti-State content.

From August to October 2019, he received six parcels that contained several books spreading subversive information.

He also sent 46 parcels to other people, and was arrested while handling procedures for sending the 21 others.

An additional 22 parcels with 38 books were also found at his home.

On April 20, 2021, the police discovered a hand grenade hidden by the man.

Tiến said he had secretly brought home the explosive with the detonator attached while participating in a military drill in April 2008.

At the trial, Tiến made pleaded guilty.

The jury sentenced him to six years and six months, including five years and six months for “storing, distributing, and disseminating materials against the State of the Socialist Republic of Việt Nam” and one year for “appropriating and illegally storing explosives” under Article 305 of the amended Penal Code. —

Source: https://vietnamnews.vn/politics-laws/1118116/man-in-phu-yen-province-imprisoned-for-anti-state-propaganda-storing-explosives.html

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Việt Á imported 3 million COVID quick test kits from China at less than US$1 apiece: VN customs

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Phan Quốc Việt, former Việt Á CEO is being prosecuted for overcharging for COVID-19 quick test kits. — Photo courtesy of Việt Á

HÀ NỘI — Việt Á Technologies JSC, the company which has been prosecuted for overcharging RT-PCR COVID-19 tests, had imported three million quick test kits from China at less than US$1 per kit, said the General Department of Việt Nam Customs (GDVC).

The deal from China was worth VNĐ64.7 billion (US$2.8 million) in total.

Last month, the police arrested and initiated legal proceedings against Phan Quốc Việt, general director of Việt Á Technologies, for raising the price of RT-PCR COVID-19 test kits and bribery of health officials to facilitate purchases of their test kits.

According to the GDVC, Phan Quốc Việt was also named the director of 11 other companies, but only Việt Á was trading medical equipment and materials.

From 2017 to 2021, the company imported chemical materials, reagents, lab equipment, and other substances for testing with a total trade turnover of VNĐ286 billion ($12.6 million).

This includes VNĐ162 billion ($7.2 million) for quick tests and reagents, and VNĐ123 billion ($5.4 million) for equipment for laboratory use.

The GDVC is also investigating seven other companies related to Việt Á Technologies JSC: Technique Import and Export JSC (Technimex); Biomedic Science Material JSC; Việt Nam Applied Biology and Technical JSC; Lan Oanh Science Equipment Co Ltd; Việt Hoàng Long Trading Co Ltd; Vina Chemistry Biology Science Equipment Co Ltd; and TBR Technology Corporation. —

Source: https://vietnamnews.vn/politics-laws/1118065/viet-a-imported-3-million-covid-quick-test-kits-from-china-at-less-than-us1-apiece-vn-customs.html

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