PM to address UN, meet global tech leaders during week-long US trip
Prime Minister Pham Minh Chinh, in the U.S. on a week-long visit, will speak at the UN General Assembly, attend high level meetings, and participate in a Vietnam-U.S. business forum.
After his arrival in San Francisco Monday (Vietnam time), he is scheduled to have meetings with top technology-innovation businesses including NVIDIA, Meta and Synopsys.
He will also meet with other leading firms including Microsoft and Boeing; visit Nasdaq, where Vietnamese electric vehicle maker VinFast has made a debut listing; and join a business promotion event between the two countries.
Chinh will also address the United Nations General Assembly, join summits and high-level meetings of the United Nations related to climate change and pandemic response, and hold bilateral meetings with leaders of other nations and organizations.
He will also attend a signing ceremony of partnerships between Ho Chi Minh City and New York.
During Biden’s visit, the two countries upgraded their bilateral ties to that of a comprehensive strategic partnership. Businesses from Vietnam and the U.S. also signed deals and announced investments worth billions of dollars.
PM Chinh’s visit will follow up on “achievements” of U.S. President Joe Biden’s Vietnam visit just a week ago, Foreign Ministry spokeswoman Pham Thu Hang said last Thursday.
During Biden’s September 10-11 visit, the two countries upgraded the bilateral ties to a comprehensive strategic partnership. Businesses from Vietnam and the U.S. also signed deals and announced investments worth billions of USD.
As of August 20, the U.S. was the 11th-biggest foreign investor in Vietnam with 1,286 valid projects and total registered capital of $11.79 billion, according to the Ministry of Planning and Investment. In the year to August 20, U.S. businesses registered to invest $490 million in the country, up 32% year-on-year.
The U.S. was Vietnam’s second-biggest trade partner in the first eight months of this year with a two-way turnover of $71.6 billion, behind China ($103.9 billion), the General Statistics Office (GSO) reported. While China was the biggest import market for Vietnam at $68.1 billion, the U.S. was the biggest export market at $62.3 billion.
- Read More
Latvian man sentenced in Vietnam for operating loan shark ring with 1,380% interest rate
Aigars Plivěs, a Latvian national, on Monday was sentenced to two years and nine months in prison for operating three companies that offered loans with high interest rates of 401-1,379.7% per year, earning illicit gains of more than VND4.15 trillion ($163 million).
Society - Wed, December 18, 2024 | 10:37 pm GMT+7
April Tea Shop to close down amid F&B sector woes
The Tiem tra thang 4 (April Tea Shop), a popular check-in and beverage destination for young people in Ho Chi Minh City, has announced it will shut down on December 25, ending a five-year journey.
Companies - Wed, December 18, 2024 | 9:56 pm GMT+7
New tourism trends seen in Thailand
Thailand is gearing up to attract more luxury and high-spending travellers in a bid to stimulate post-pandemic expenditure.
Southeast Asia - Wed, December 18, 2024 | 9:37 pm GMT+7
Thailand to allow more foreign workers in business
The Thai cabinet has approved in principle increasing the number of foreign workers at businesses to deal with labour shortage, according to Thai government spokesman Jirayu Huangsab.
Southeast Asia - Wed, December 18, 2024 | 9:25 pm GMT+7
Indonesia to build first nuclear power plant
Indonesia is planning to build its first nuclear power plant on Kelasa island in Bangka Belitung province.
Southeast Asia - Wed, December 18, 2024 | 9:18 pm GMT+7
Thailand announces research and innovation direction for 2025
The recent “Research X Innovation 2025” conference examined global trends and announced Thailand’s research and innovation direction for 2025.
Southeast Asia - Wed, December 18, 2024 | 8:49 pm GMT+7
Malaysia eyes to become ASEAN’s next-generation vehicle hub
The Malaysian Investment Development Authority (MIDA) has partnered with DRB-Hicom Bhd and Zhejiang Geely Holding Group Co. Ltd. to develop the Automotive Hi-Tech Valley (AHTV) in Tanjung Malim, Perak, with a goal of turning the country into ASEAN’s hub for next-generation vehicles (NxGV) and energy-efficient vehicles.
Southeast Asia - Wed, December 18, 2024 | 8:46 pm GMT+7
Thai IP developer Amata eyes clean energy cooperation with northern Vietnam province
Amata Group of Thailand on Wednesday recommended the northern province of Quang Ninh foster cooperation in clean energy development in the time to come.
Investing - Wed, December 18, 2024 | 4:54 pm GMT+7
Czech's Sev.en Global Investments to make Europe's largest energy investment in Vietnam
Czech-based Sev.en Global Investments, a multi-sector business, will expand its footprint to Asia, with Vietnam as a key market, the firm announced Wednesday.
Energy - Wed, December 18, 2024 | 3:43 pm GMT+7
Vietnam's Mekong Delta has immense opportunities for herbal-based medicine development: exec
The government should prioritize planning for designated growing areas and support product promotion to advance the development of products derived from medicinal herbs, said Pham Thi Xuan Huong, general director of OPC Pharmaceutical JSC.
Companies - Wed, December 18, 2024 | 2:15 pm GMT+7
Petrovietnam seeks WB support in offshore wind energy
State-owned Petrovietnam has called on the World Bank to provide support, including capital, to help with green energy projects, especially offshore wind power.
Energy - Wed, December 18, 2024 | 1:36 pm GMT+7
Masan High-Tech Materials exits its downstream business H.C. Starck
Vietnam's Masan High-Tech Materials on Wednesday announced the successful closing of the sale of 100% of H.C. Starck Holding (Germany) GmbH to Mitsubishi Materials Corporation Group.
Companies - Wed, December 18, 2024 | 1:24 pm GMT+7
New stock trading system KRX must come on stream in 2025: regulator
The State Securities Commission (SSC) of Vietnam has demanded stock exchanges and related entities to launch the new stock trading system KRX in 2025.
Finance - Wed, December 18, 2024 | 11:40 am GMT+7
Hong Kong-invested battery maker GPPD raises Vietnam investment to $35 mln
Singapore-incorporated GPPD Pte. Ltd., a subsidiary of Hong Kong-based Gold Peak Technology Group Limited, has increased its investment in Vietnam’s southern province of Binh Phuoc to $34.6 million.
Industries - Wed, December 18, 2024 | 11:17 am GMT+7
Vietnam interest rate unlikely to fall further: experts
Interest rates in Vietnam are unlikely to decrease further and may even rise slightly in the near future, according to Pham The Anh, chief economist at the Vietnam Economic and Strategy Research Center (VESS).
Economy - Wed, December 18, 2024 | 10:04 am GMT+7
Vietnam an important partner of Guangdong-Hong Kong-Macao Greater Bay area: Sunwah Group chairman
Through Hong Kong, an international financial center, Vietnamese businesses can more easily and effectively access the Guangdong-Hong Kong-Macao Greater Bay, says Sunwah Group chairman Jonathan Choi.
Economy - Wed, December 18, 2024 | 8:17 am GMT+7