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NA Chairman meets Vietnamese entrepreneurs from across Europe in Hungary

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National Assembly Chairman Vương Đình Huệ meets representatives of the Vietnamese entrepreneur community in Europe in Budapest on June 26. — VNA/ Photo Doãn Tấn

BUDAPEST — National Assembly (NA) Chairman Vương Đình Huệ met representatives from the Vietnamese entrepreneur community in Europe in Budapest on June 26 evening (local time), as part of his official visit to Hungary.

Hoàng Mạnh Huê, president of the Union of Vietnamese Business Associations in Europe, said that the community has made great strides in recent years with encouraging successes, and become an effective bridge between the Vietnamese and European markets.

They not only import a lot of commodities from Việt Nam into the European market and the supply chain of businesses in the host countries but also have been very successful in building a stable and efficient business model in accordance with the host countries’ laws, Huê added.

The Vietnamese business community in Europe has deeply integrated into local economic activities, successfully building valuable Vietnamese brands, including a brand that is valued at up to US$500 million.

In the face of the global instability, the business community has realised that it is necessary to link up together more closely to find new solutions and opportunities for stability and growth opportunities in new directions, Huê noted.

NA Chairman Huệ said that Vietnamese enterprises in Europe play an important role in introducing and selling Vietnamese products and developing distribution channels for them in foreign markets.

The establishment of the Union of Vietnamese Business Associations in Europe is a vivid demonstration of the Vietnamese people’s solidarity no matter where they are in the world, the top legislator said.

The Party and State appreciate the coordination of the overseas Vietnamese community, with the entrepreneur association playing a core role, in helping Việt Nam fight the COVID-19 pandemic, including vaccines support, he said.

Activities of Vietnamese enterprises in Europe and around the world not only contribute to the host country’s economy, but also act as a bridge between the economies of other countries and that of Việt Nam.

Last year was particularly devastating due to COVID-19, but according to statistics, there were about $18.1 billion in remittances sent to Việt Nam, of which a large part is the income of Vietnamese businesses around the world.

Informing participants on the domestic situation, the NA Chairman stated that Việt Nam is among the few countries that have overcome crises induced by COVID-19, with socio-economic activities well on the way to recovery.

Việt Nam’s GDP growth in 2021 reached 2.58 per cent, but in the first quarter of 2022 the growth figure has hit 5.03 per cent, he noted, adding that the stimulus package is being disbursed and more measures are being mulled to combat risks of inflation from rising fuel prices.

He expressed his hope that Vietnamese-owned businesses in Europe will help Việt Nam become a high-middle income country by 2030 on the occasion of the 100th founding anniversary of the Communist Party of Việt Nam, and a developed and high income nation by 2045 on the occasion of the 100th founding anniversary of the Socialist Republic of Việt Nam.

Earlier the same day, NA Chairman Huệ visited the Vietnamese Embassy and met Vietnamese people living in Hungary.

He affirmed that the Party and State always pay attention to and consider the overseas Vietnamese community as an integral part, a resource of the ethnic community and an important factor contributing to strengthening the cooperation and friendship between Việt Nam and other countries. —

Source: https://vietnamnews.vn/politics-laws/1253869/na-chairman-meets-vietnamese-entrepreneurs-from-across-europe-in-hungary.html

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Vietnam – S.Korea trade likely reaches $100bn this year: Consul General

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The two-way trade between Vietnam and South Korea may amount to US$100 billion this year, instead of 2023 as previously targeted, said South Korean Consul General in Vietnam’s Da Nang City Ahn Min Sik.

The South Korean diplomat released his ambitious expectation after reviewing the bilateral trade result of $45 billion in the first half of this year at a seminar held in the central metropolis on Friday.

The event, themed “The history of exchanges between and future prospects of the Vietnam – South Korea relationship,” was part of the celebration of the 30-year anniversary of the diplomatic relations between the two countries.

Despite the heavy impacts of the COVID-19 pandemic, both countries gained a two-way trade value of $80.6 billion in 2021, much higher than the $500 million recorded 30 years ago, Consul General Ahn said.

Considering the ongoing trade growth trend, as shown in the first six months of this year, the bilateral turnover may reach $100 billion in 2022, instead of next year as earlier expected, Ahn said.

The diplomat also revealed that the two countries’ people-to-people exchanges have expanded to five million people, including nearly 60,000 Vietnamese-Korean multicultural families.

At the event, Vietnamese and South Korean scholars suggested the two nations deepen the bilateral relationship, through expanding cooperation in the fields of politics, diplomacy, economics, culture, science and technology, education and tourism, and people exchanges.

Since the establishment of their diplomatic relations in 1992, the two countries have twice upgraded their relations to ‘comprehensive cooperative partnership in the 21st century’ and then to the ‘strategic cooperation partnership’ in 2001 and 2009, respectively.

The relationship between the two countries is about to be further elevated to a ‘comprehensive strategic cooperative partnership,’ so the two countries need to draw up a plan for the next 30 years of the bilateral ties, the consul general said.

South Korea is now an important leading partner of Vietnam in most fields, while the Southeast Asian nation, a fast-growing and dynamic economy with an important role in the ASEAN and East Asia, is also a key partner of South Korea in its New Southern Policy, according to the Da Nang Portal.

Geographical, historical and cultural similarities between Vietnam and South Korea have helped the two nations get close to each other and promote a great development of their cooperation and friendship relations, Assoc. Prof. Dr. Nguyen Van Lan, from the Academy of Politics Region 3, commented.

Over the past 30 years, the fruitful relationship between the two countries has been influenced by a series of factors, both objective and subjective, both historical and contemporary, including the changes of the world situation from 1991 up to now, the reform efforts by South Korea, Vietnam’s doi moi (renovation) policy, the external relation policies of both sides and the needs for mutual cooperation, Dr. Lan elaborated.

In addition to its embassy in Hanoi and a consulate general in Ho Chi Minh City, South Korea launched another consulate general in Da Nang on November 6, 2020.

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Source: https://tuoitrenews.vn/news/politics/20220813/vietnam-skorea-trade-likely-reaches-100bn-this-year-consul-general/68572.html

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Vietnam, US continue cooperation in energy security

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Vietnam and the U.S. have agreed to continue their cooperation in energy security, the U.S. Department of State said in a press release on Thursday.

Delegations from Vietnam and the U.S. met in Washington, D.C. for the fourth annual U.S.-Vietnam Energy Security Dialogue on July 26-28. 

Vietnamese Deputy Minister of Industry and Trade Dang Hoang An and the State Department’s Bureau of Energy Resources (ENR) Senior Bureau Official Harry Kamian led the delegations.

The delegations discussed key areas for continued bilateral clean energy cooperation such as power market development, energy conservation and efficiency, transmission, power storage, and the steps necessary for an energy transition that will achieve net zero emissions by 2050.

Vietnam and the U.S. discussed the future of advanced clean energy technologies such as offshore wind, nuclear, hydrogen, electric vehicles, and battery energy storage, as well as Vietnam’s consideration of the role of liquefied natural gas. 

The delegations welcomed the participation of private sector representatives from the Center for Law and Social Policy (CLASP), the American Council for an Energy-Efficient Economy, and the Regional Greenhouse Gas Initiative.

ENR’s Power Sector Program highlighted ongoing technical and regulatory engagements in support of the Japan-U.S.-Mekong Power Partnership.

In addition, ENR invited Vietnam to two power market and renewable energy study tours in the U.S.. 

The tours will take place later this year and will be led by the National Association of Regulatory Utility Commissioners and U.S. Energy Association, with the participation of other partners.  

Representatives from Dominion Energy shared valuable insight with the delegations regarding the company’s experience in U.S. offshore wind development. 

ENR also highlighted AES Corporation’s intent to pursue offshore wind development in Vietnam, another reflection of the growing commercial ties between the U.S. and Vietnam in the clean energy sector.

The U.S. Trade and Development Agency (USTDA) announced a grant awarded to the National Power Transmission Corporation of Vietnam (NPT) for technical assistance to advance the deployment of smart grid technologies in Vietnam.

NPT selected Connecticut-based Actionable Strategies LLC to provide the assistance.

On July 26, Deputy Minister An also chaired a roundtable on sustainable energy development organized by the U.S.-ASEAN Business Council.

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Source: https://tuoitrenews.vn/news/politics/20220813/vietnam-us-continue-cooperation-in-energy-security/68566.html

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Former Israeli Prime Minister visits landmarks in Vietnam’s Ho Chi Minh City

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Former Israeli Prime Minister Ehud Barak and his spouse visited famous landmarks in Ho Chi Minh City on Friday afternoon within the framework of their working visit to Vietnam. 

Their itinerary included the statue of Tran Hung Dao, Bach Dang Wharf, Nha Rong Wharf, Nguyen Hue Pedestrian Zone, the statue of late President Ho Chi Minh, Ben Thanh Market, and the construction site of the metro line No. 1.

Former Israeli Prime Minister Ehud Barak poses for a photo at the statue of late President Ho Chi Minh in Ho Chi Minh City, August 5, 2022. Photo: T.T.D. / Tuoi Tre
Former Israeli Prime Minister Ehud Barak poses for a photo at the statue of late President Ho Chi Minh in Ho Chi Minh City, August 5, 2022. Photo: T.T.D. / Tuoi Tre

Ehud Barak came to Vietnam at the invitation of the Boston Global Forum (BGF) and a number of Vietnamese enterprises. 

Previously in Ho Chi Minh City, he had a meeting with Vietnamese entrepreneurs, visited the painting exhibition “Vietnamese wishes” featuring artworks of hundreds of disadvantaged children at Vinh Nghiem Pagoda, and held a talk with local students.

Former Israeli Prime Minister Ehud Barak (3rd R) and his spouse (2nd R) go for a walk at Nguyen Hue Pedestrian Zone in Ho Chi Minh City, August 5, 2022. Photo: T.T.D. / Tuoi Tre
Former Israeli Prime Minister Ehud Barak (3rd R) and his spouse (2nd R) go for a walk at Nguyen Hue Pedestrian Zone in Ho Chi Minh City, August 5, 2022. Photo: T.T.D. / Tuoi Tre

Barak is scheduled to participate in a discussion on August 16 at the Hanoi Opera House organized by BGF that is meant to promote the friendship of Vietnam and Boston in Massachusetts of the U.S.

Ehud Barak was Israel’s 10th prime minister from 1999 to 2001. 

He also served as Israel’s defense minister and deputy prime minister.

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Source: https://tuoitrenews.vn/news/politics/20220806/former-israeli-prime-minister-visits-landmarks-in-vietnam-s-ho-chi-minh-city/68470.html

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