Businesses In Vietnam Struggle To Keep Workers As Exports Slow

HANOI, Businesses in some sectors in Vietnam have been struggling to maintain their workers, amid declining demand in major export markets, local media reported, yesterday.

Lower demand in such big markets as the European Union and the United States, has resulted in fewer orders this year, traditionally the busiest time for textile, footwear and handicraft exporters.

As businesses were forced to cut production, lay-off and reduced hours have been not uncommon. Re-hiring workers often means re-training, however, it may prove to be very costly, once demand bounces back, labour experts were cited as saying.

Tran Thanh Hai, vice president of the Vietnam General Confederation of Labour (VGCL), said, nearly a quarter of a million textile, footwear and handicraft workers were not working full shifts. The situation could be much worse because reporting from lower-level organisations remained spotty at best.

The VGCL said, things won’t likely improve any time soon, at least from now until the end of the Tet (Lunar New Year) holiday, which falls in late Jan, 2023.

Labour and industry experts said, a shortage of orders has been much worse than during the COVID-19 pandemic.

 

Source: NAM NEWS NETWORK

Festival On Vietnam’s National Dress Opened To Boost Tourism

HANOI, A festival, featured with ao dai – Vietnam’s national dress for women, kicked off here, to boost the recovery of tourism in the country’s capital.

During the three-day festival’s opening ceremony, held last night, next to Hoan Kiem Lake, various ao dai collections of well-known designers, tourism companies, airlines and hotels were displayed, and arts programmes about tradition, history and usage of ao dai, in olden and present days in various localities, including the capital city of Hanoi, the central city of Hue and southern Ho Chi Minh City, were staged.

Today and tomorrow, in the walking streets around the lake, there will be a parade of nearly 1,000 women in ao dai, and different music and light shows, featuring the traditional long dress’s beauty.

With the message of turning ao dai, “a culture ambassador,” into “a tourism ambassador,” the festival is designed to facilitate the recovery and development of Hanoi tourism, which was heavily hit by the COVID-19 pandemic, according to the municipal authorities.

Hanoi welcomed over 17 million domestic and foreign tourists in the first 11 months of this year, far exceeding the yearly target, said the Hanoi Department of Tourism.

Earlier, the city planned to host 9-10 million tourists, including 1.2-2 million foreigners in 2022.

 

Source: NAM NEWS NETWORK

NA Chairman attends Vietnam-Australia Economic Cooperation Forum

National Assembly Chairman Vuong Dinh Hue attended the Vietnam-Australia Economic Cooperation Forum on Friday at the headquarters of RMIT University, Melbourne.

In welcoming remarks, the Mayor of Melbourne Sally Capp and Victoria’s High Commissioner for Southeast Asia Rebecca Hall underlined the long-standing relationship between the two countries. In that good friendship, education cooperation is the bright spot and Vietnam is a top priority for Victoria.

Addressing the forum, Mr. Hue said he hopes that more Australian businesses would come to Vietnam to seek investment opportunities. He added that more forums will be held and the forum attendees will create momentum to boost economic, trade, and investment relations between the two countries.

 

Source: VOV5

NA Chairman meets Asia Society CEO

National Assembly Chairman Vuong Dinh Hue met the Asia Society CEO and three businesses appointed by the Australian Government to the Vietnam-Australia Business Champions Initiative, on Friday, in Melbourne.

Mr. Hue praised the Initiative by the Australian Government to implement the Australia-Vietnam Enhanced Economic Engagement Strategy [EEES], which he said is one of the methods to strengthen bilateral cooperation.

The Strategy was jointly developed and publicly released in 2021 by the Government of Vietnam and Australia to support both countries’ sustainable, inclusive economic growth. The Strategy aims for Australia and Vietnam to become top ten trading partners, double two-way investment, and will help leverage the enormous potential that exists between the two countries.

Welcoming the three pioneering Australian entrepreneurs that have had many practical activities, specifically in connecting business people of the two countries in the past nearly one year, the National Assembly Chairman said he believes that there will be more and more Australian investors in Vietnam.

CEO of Asia Society Australia, Philipp Ivanov, said his organization is honored to be one of three pioneering enterprises participating in the Initiative to promote cooperation with Vietnam, thereby understand more about the relationship between the two countries over the past 50 years.

 

Source: VOV5

President offers incense in memory of female poet Ho Xuan Huong, heroic martyrs in Nghe An

President Nguyen Xuan Phuc offered flowers and incense, paying tribute to talented female poet Ho Xuan Huong in Quynh Luu district, Nghe An province on Saturday to mark 250 years of her birth and 200 years of  her death.

Ho Xuan Huong’s poetry conveys a deeply humanist thought of fighting for the right to life for people, first of all for women, and for equal rights between men and women. Embracing international and timeless ideological and artistic values, her poetry has been translated into 12 languages. In November 2021, UNESCO passed a resolution to honor and join in the celebration of the 250th birth anniversary and 200th death anniversary of Ho Xuan Huong.

Also on Saturday morning, President Phuc offered incense and flowers to commemorate Vietnam’s ancestors, heroes and martyrs. On this occasion, the President presented gifts to 30 policy families and people with meritorious services and donated 30 gratitude houses to families with extremely difficult circumstances in Quynh Luu district.

 

Source: VOV5

NA Chairman receives Treasurer of Victoria, Australian business people

National Assembly Chairman Vuong Dinh Hue received Treasurer of Victoria Tim Pallas and representatives of Linfox, Elenberg Fraser and Sinclair Brook on Saturday in Melbourne during his official visit to Australia.

At the meeting with the Treasurer of Victoria, Chairman Hue welcomed Victoria and Ho Chi Minh City for signing a memorandum of understanding on cooperation in May 2022. He applauded Victoria for opening a Trade-Investment Representative Office in Ho Chi Minh City.

At the meeting with Callum Fraser, founder of Elenberg Fraser and Phil Burns, Chairman of Sinclair Brook, Mr. Hue affirmed that Vietnam is a very potential and attractive market for businesses development, especially real estate business, tourism, entertainment, services, and information technology.

The National Assembly Chairman suggested that leading Australian corporations focus on investment cooperation in building smart cities in Vietnam.

Leaders of corporations said they are impressed with Vietnam’s socio-economic development and want to be facilitated to explore investment opportunities and find partners in Vietnam.

 

Source: VOV5

G7 to cap price on Russian oil at 60 USD per barrel

The Group of Seven (G7) nations, and Australia have agreed on a 60 USD per barrel price cap on Russian seaborne crude oil as part of an international campaign to curb Russia’s finance ability through energy sales.

The G7 and Australia said in a statement the price cap would take effect on Monday or very soon thereafter.

The EU agreed on the price on Friday after holdout Poland gave its support. The price cap, a G7 idea, aims to reduce Russia’s income from selling oil while preventing a spike in global oil prices after an EU embargo on Russian crude takes effect on December 5.

A member of Russia’s Federal Assembly called the move a violation of market regulations.

 

Source: VOV5