Vietnam parliament to approve plan for leaner government

The assembly earlier on Tuesday passed an amendment to a Law on Organising the Government, paving the way for a cull of 15% to 20% of the state apparatus that will include five ministries, four agencies and five state television channels, among other cuts. Vietnam’s National Assembly will on Tuesday approve a bold bureaucratic reform […]

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Vietnam and Mongolia to Collaborate on AI Development

Minister of Digital Development, Innovation, and Communications of Mongolia Baatarkhuu Tsend met with Ambassador Extraordinary and Plenipotentiary of the Socialist Republic of Vietnam  Nguyen Tuan Thanh on January 8, 2024. At the outset of the meeting, Minister of Digital Development, Innovation, and Communications of Mongolia Baatarkhuu Tsend highlighted that as part of the 70th-anniversary celebration […]

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VN’s first pharmaceutical industrial park to be built

The People’s Council of Thái Bình Province has approved the zoning plan for a pharmaceutical–biological industrial park that will be built in the province’s Quỳnh Phu District. With a total cost of VNĐ3.8 trillion (US$149.5 million), the park will be developed on an area of 334 hectares that spans three communes of Trang Bảo Xá, […]

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Vietnam expands chip packaging footprint as investors reduce China links

The semiconductor back-end manufacturing sector, which is less capital-intensive than more strategic front-end chipmaking in foundries, is currently dominated by China and Taiwan, but Vietnam is among the fastest-growing countries in the $95 billion segment. Foreign companies are expanding capacity in Vietnam for testing and packaging chips while domestic firms are eyeing investments, as a […]

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Vietnam says party leader and Trump discussed economic ties

Vietnam’s Communist Party head To Lam has congratulated Donald Trump on his US presidential election victory in a phone call and the two discussed ways their countries could boost economic ties, the communist party said on Tuesday. The United States is Vietnam’s largest export market, and in September last year the two countries upgraded their […]

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Vietnamese, Indonesian coast guards hold joint exercise

The coast guard forces of Việt Nam and Indonesia conducted a joint exercise on search and rescue, firefighting and explosion prevention at sea in the waters off the southern province of Bà Rịa-Vũng Tàu on October 11. Participating in the joint exercise were officers, soldiers, and crew members from vessel CSB 8001 of Việt Nam’s […]

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Vietnam quarterly growth hits two-year high on exports, investment

Gross domestic product grew 7.4% year-on-year in the third quarter, surpassing the second quarter’s revised 7.09% expansion, the government’s General Statistics Office said in a report. Vietnam reported its strongest economic growth in two years in the quarter to end-September, as strong exports and industrial production and rising foreign investment offset the effects last month […]

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