The People's Committee of central Nghe An province has requested relevant departments, branches, localities and agencies to strictly implement assigned tasks to ensure quality and development progress of Quynh Lap liquefied-natural-gas (LNG)-fueled power project.

According to Permanent Vice Chairman of the provincial People's Committee Le Hong Vinh, the Quynh Lap LNG-fueled power project in Hoang Mai township is one of the important power projects of prioritised investment approved by the Prime Minister. Those projects are developed to ensure electricity supply for the economy and promote the transition to green power.

Nghe An will have a monthly report to the Ministry of Industry and Trade on the development process of this project and also proposals to promote the development of this project.

The Quynh Lap LNG power project was initially planned as a thermal plant. In the National Power Development Master Plan for the period 2011 - 2020, with a vision to 2030 or the Power Development Plan VII, the thermal power project featured two factories, Quynh Lap I and Quynh Lap II, with a total capacity of 2,400 MW. Construction of the 2.2 billion USD project was kicked off in October 2015, but the development of this project was later delayed.

On May 15, 2023, the Prime Minister approved the National Power Development Master Plan for 2021 - 2030, with a vision to 2050, or Power Plan VIII.

According to this plan, 13,220 MW of coal-fired power plants will not be deployed, including Quang Ninh III, Cam Pha III, Hai Phong III, Quynh Lap I, II, Vung Ang III, Quang Trach II, Long Phu II, III and Tan Phuoc I, II. The Quang Trach II, Quynh Lap I, II coal-fired power projects will be converted to using LNG before 2030.

Foreign visitors to Ho Chi Minh City rise sharply

The number of international arrivals to Ho Chi Minh City during the opening eight months of the year has significantly increased, hitting 2.71 million, according to the Ho Chi Minh City Department of Tourism.

August alone witnessed more than 350,000 visit Vietnam’s largest city – a famous tourist destination in the country.

The eight-month figure rose by 92.3% year on year, fulfilling 54.3% of the annual plan, although it was not the peak season that often takes place from late September and early October to April next year.

At present, foreign arrivals to the city make up nearly one third of the total number of international visitors to the country.

Thanks to the positive growth, the southern city’s tourism sector raked in VND106,020 billion in revenue over eight months, up 42.3% year on year.

Meanwhile, the General Statistics Office reported, foreign arrivals to Vietnam in August reached 1.2 million, representing an increase of 17.2% compared to the previous month.

The August figure raised the total number of foreign arrivals in the first eight months to more than 7.8 million, marking a 5.4-fold increase compared to the same period last year.

However, this figure is equal to 69.2% of the same period of 2019, a year before the COVID-19 pandemic broke out.

Of the total, travelers by air reached nearly 6.9 million, while the remainder included visitors via sea routes and roads.

Vietnam has officially granted e-visas to citizens of all countries and territories, while also moving to extend temporary residence to 45 days for citizens of countries subject to unilateral visa exemption.

These moves are expected to help Vietnam further attract international tourists and improve its overall tourism competitiveness compared to regional rivals.

Hanoi develops production, consumption chains for farm produce

The capital city of Hà Nội has focused on building linkage chains from production to consumption to stabilise the prices of agricultural products, improve the value of those products and control food safety, according to the Hà Nội Department of Agriculture and Rural Development.

According to Nguyễn Thị Thu Hằng, head of the Hà Nội Agricultural, Forestry and Fisheries Quality Control Sub-Department, building the production and supply chains for agricultural products plays an important role in the development of agricultural production.

Hà Nội has 159 chains linking production and consumption, including 53 chains of animal products and 106 chains of plant products.

The chains have attracted the participation of many businesses, cooperatives, and farming households. There are many closed chains from production to consumption, creating strong brands in the market, such as Bảo Minh rice, Chúc Sơn safe vegetables, Hoàng Long pork, and Kinoko mushrooms.

The capital city has also signed cooperation agreements with 43 provinces and cities to develop more than 900 chains linking from production to consumption, supporting trade promotion and consumption of agricultural products and regional specialities in the Hà Nội market.

The chains have contributed to stabilising output, adapting to market demand, reducing oversupply, and limiting losses for farmers.

They also create conditions for functional agencies to control the origin of agricultural products in the market.

Besides that, many businesses and cooperatives have promoted goods consumption through modern distribution channels, such as supermarkets of Central Group, Aeon and Lotte, contributing to improving product quality and value of Hà Nội's farm produce.

To promote efficiency of those chains, Đặng Đình Tiên, director of Tiên Viên Joint Stock Company in Chương Mỹ District, said that the authorities needed to create conditions for cooperatives to borrow capital at preferential interest rates for expanding production scale, and participate in fairs for introducing products and signing consumption contracts with their partners.

Hà Nội sets a target that by 2025, all participants in the chains will receive technical training and knowledge about clean agriculture. All chains of production and consumption of safe agricultural and food products must apply information technology for traceability using QR codes.

Nguyễn Ngọc Sơn, deputy Director of the Hà Nội Department of Agriculture and Rural Development, said the department would focus on reviewing enterprises and cooperatives that produce and consume agricultural products and encouraging them to build the linkage chains.

The department would propose the city have supportive mechanisms and policies for the development of infrastructure, equipment and processing factories to complete the linkage chain.

Hà Nội would also apply scientific-technical advances, and achievements of the fourth industrial revolution in production, preliminary processing, packaging, processing and consumption of products to increase the value of agricultural products.

Cao Thị Thủy, head of Đoàn Kết agricultural production and business cooperative in Ứng Hoà District, said the cooperative had successfully built a production and consumption chain of high-quality rice product - Japonica rice.

This cooperative had also cooperated with Châu Anh Ltd, Co, to run nearly 20 rice retail stores in Hà Nội and the provinces of Bắc Ninh, Thái Nguyên, Vĩnh Phúc and Phú Thọ. For each crop, the cooperative sold an average volume of 3,000 tonnes of paddy and 1,000 tonnes of Japonica rice with stable prices.

Meanwhile, Nguyễn Văn Hào, head of Tiền Lệ Agricultural Cooperative in Tiền Yên Commune, Hoài Đức District, said farmers in Tiền Yên Commune focused on producing vegetables and fruits under VietGAP and VietGAP standards and those farm produce had been granted a geographical indication.

The cooperative cooperated with 10 enterprises to consume about 50 per cent of its total output. In addition, it also signed contracts to supply vegetables and fruits for the supermarket chain of Winmart and Big C, and organic vegetable stores.

The cooperative sold about 15-20 tonnes of vegetables on average per day. Thanks to the production under the chain, the output for safe vegetable products of the cooperative was stable, and the price was also 10 per cent higher than that of traditional production. 

Viet Nam's export revenues swell by billions dollars courtesy of free trade pacts

The Ministry of Industry and Trade (MoIT) has disclosed that the nation's annual exports have surged by billions of US dollars, all thanks to the advantageous free trade agreements (FTAs) it has entered into as a signatory.

Statistics of the General Department of Customs showed that after nearly three years since the EU-Việt Nam Free Trade Agreement (EVFTA) took effect, export turnover from Việt Nam to the EU had experienced tremendous growth, with 14.2 per cent in 2021 and 16.7 per cent in 2022.

A study on Việt Nam's FTAs, conducted by the Center for WTO and Integration under the Vietnam Chamber of Commerce and Industry (VCCI), unveiled that nearly 41 per cent of Vietnamese enterprises have reported experiencing benefits from these agreements. The most common advantages include preferential tariffs for imports and exports, along with positive impacts on order volumes, revenue, and profitability. Although technical standards remain an obstacle in markets that have signed FTAs with Việt Nam, VCCI anticipated the agreements to maintain their effectiveness in the long run, especially once the economy regains strength and market consumption rebounds.

The MoIT emphasised that Việt Nam had successfully executed several next-generation FTAs and had even inked a historic trade deal with Israel, marking its first partnership in West Asia. This pact offers the potential to slash tariffs on Vietnamese goods by up to 92 per cent for this nation.

Despite these accomplishments, the growth rate of Việt Nam's agricultural exports to the EU has fallen below expectations. This setback is primarily attributed to the protracted COVID-19 pandemic and the ongoing Ukraine-Russia conflict. These global events have induced economic recessions and tighter spending, affecting crucial Vietnamese exports such as marine products, furniture, cashew nuts, and rubber.

Nevertheless, many businesses have started to explore opportunities in alternative markets, including Africa.

Nguyễn Ngọc Luân, CEO of the fruit coffee chain Meet More, acknowledged that tax incentives had expanded export possibilities for Vietnamese businesses.

However, according to his observation, major markets are currently grappling with recessionary pressures induced by the enduring conflict. Diminished purchasing power in markets such as the US, Australia, Russia, and the EU has significantly impacted businesses. Although several enterprises have secured contracts to export to Africa, these gains are insufficient to counterbalance declines in other markets.

Even Việt Nam's vegetable and fruit exports to the EU have encountered similar obstacles. The EVFTA has enabled Việt Nam to eliminate as much as 94 per cent of tax lines for these products, providing a competitive edge over competitors like Thailand and China.

The Vietnam Fruit and Vegetables Association representative highlighted the vast potential for Vietnamese produce in the European market, which boasts a market size of 62 billion euros, equivalent to 43 per cent of the global trade value of fruits and vegetables.

Yet, this year's growth in fruit and vegetable exports was primarily driven by China, with the countries that have FTAs with Việt Nam experiencing slower expansion. Luân stressed that while trade agreements could reduce import taxes, they failed to stimulate consumer demand when market consumption drops. Tax reductions would lose their effectiveness if customers refrain from purchasing.

To harness the full potential of these FTAs, the MoIT has recommended that the Government allocate its resources to support enterprises in maximising the benefits of these agreements. This involves collaboration between the State Bank of Việt Nam, ministries, agencies, and commercial banks to provide businesses with appropriate credit at preferential interest rates, thus enhancing their production capabilities. Simultaneously, businesses must also explore access to sustainable credit sources to swiftly adapt to escalating standards in export markets. 

Hanoi’s state investment capital disbursement rate up 0.8%

Hanoi has disbursed a total of 28.1 trillion VND (1.15 billion USD) of investment capital sourced from the State budget in the first eight months of 2023, equal to 54.5% of the yearly plan and up 0.8% year-on-year (yoy), according to municipal People’s Committee.

Of the total, the capital managed by the municipal administration was 11.7 trillion VND, equivalent to 51.6% of the plan for the whole year, and down 0.5% yoy; 15.3 trillion VND was managed by districts, representing an increase of 1.9% from the same period last year and the remainder was managed by communes.

The municipal People’s Committee has demanded the People’s Committees of districts to take drastic actions to speed up the implementation of key projects, including the Nhon-Hanoi Station metro project which has a total length of 12.5km and a total investment of 32.9 trillion VND. Up to now, 77% of the workload has been completed.

The second-phase Vinh Tuy bridge project, which was started in January 2021 at a cost of 2.5 trillion VND, was put into operation on August 30, four months ahead of schedule. The second-phase bridge, which runs parallel with the first-phase bridge, is expected to help ease traffic congestion and facilitate traveling between the two banks of the Red River, meeting the rising transport demand between the capital's downtown and its northern and northeastern regions.

Launched in June this year, Belt Road No 4, which has a length of 112.8km, runs through Hanoi city and Hung Yen and Bac Ninh provinces. It will begin at the start of the Noi Bai – Lao Cai Expressway in Hanoi, and end on the Noi Bai – Ha Long Expressway in Bac Ninh province. The project has total investment of 85.8 trillion VND and is expected to be completed in 2027.

Hoang Cau-Voi Phuc stretch of Belt Road No. 1, which has a length of 2.2km and a width of 50m, starts from Cat Linh-La Thanh-Yen Lang crossroads and ends at Voi Phuc intersection. The total investment capital of the project was estimated at 7.2 trillion VND in the first phase. So far, 20.1% of the project’s disbursement has been completed.

Besides the State budget capital, Hanoi has created favourable conditions to attract more investment, especially foreign direct investment (FDI).

According to the municipal Statistics Office, Hanoi attracted 2.34 billion USD of FDI in the first eight months of this year, with 262 new projects worth 120 million USD and 116 projects permitted to increase investment capital by 197 million USD.

A total of 225 foreign investors contributed capital and bought shares worth 2.02 billion USD in the reviewed period. Japanese investor Sumitomo bought shares of VPBank with a transaction value of 1.5 billion USD./.

More room for IT stocks to grow further

Despite mixed results in the first half of the year, investors still see appealing prospects for technology stocks in the long term.

In the first half of the year, the revenue of digital technology enterprises was more than VNĐ1.44 quadrillion (US$59.6 billion), down 10.35 per cent year-on-year and reached 38.87 per cent of the 2023 plan, according to a report by the Ministry of Information and Communications.

Export turnover of hardware and electronics is estimated at $51.51 billion, a decline of 9.56 per cent on-year and equal to 37.88 per cent of the yearly plan.

The fall in revenue is due to the economic recession in many countries leading to a decrease in the information technology (IT) consumer market and low growth prospects. This directly impacts the demand for IT services.

The software export segment, on the other hand, still maintained good growth thanks to strong investment trends in digital transformation, especially in Japan and Asia Pacific markets.

In the second quarter's consolidated financial statement, FPT Corporation posted a net revenue of over VNĐ12.4 trillion, a gain of 23.7 per cent over last year, while its profit after tax increased by 21 per cent to more than VNĐ1.5 trillion.

For the first six months of the year, FPT's net revenue and profit after tax rose 21.9 per cent and 18.2 per cent year-on-year, respectively, to nearly VNĐ24.2 trillion and VNĐ3.7 trillion.

The company said that in the first half of the year, the technology segment recorded a revenue of VNĐ14.2 trillion, a gain of 25.1 per cent year-on-year, with profit before tax up 26.3 per cent to over VNĐ2 trillion.

The IT services for the foreign market, in particular, achieved a revenue of more than VNĐ11.2 trillion, up 30.2 per cent, and profit before tax of VNĐ1.8 trillion, a 34.6 per cent increase. The gains were driven by high demand for digital transformation.

Similarly, CMC Investment JSC also reported net revenue of the first quarter of 2023 (accounting period April 1 to June 30, 2023) increased by 3.6 per cent over last year to VNĐ1.7 trillion. The group's profit before tax advanced by 3.3 per cent year-on-year to VNĐ109.6 billion. Deducting expenses, the business earned VNĐ96.7 billion in net profit, up 5.2 per cent.

In contrast, Elcom Technology Communications Corporation recorded a fall of 79 per cent year-on-year in net revenue in the second quarter to VNĐ35.3 billion, with its gross profit down 63 per cent to VNĐ14.7 billion. Excluding expenses, the company's profit after tax halved to over VNĐ5 billion.

For the first six months of 2023, ELcom's net revenue dropped 67.7 per cent on-year to VNĐ121.2 billion, while net profit fell 64.8 per cent to VNĐ8.4 billion.

Elcom said that the declines in business results in the second quarter and the first half of 2023 were mainly due to a slow in site clearance of some large projects, in disbursement of capital, and in bidding procedures, which led to the slow implementation of these projects, causing sales revenue and profit after tax to decrease over last year.

Viet Nam Technology & Telecommunication JSC is another company witnessing poor performance in the second quarter, with a decline of 55.4 per cent in profit after tax to VNĐ5.3 billion. For the six months of the year, its net profit reached VNĐ11.1 billion, down 28.8 per cent.

Although business results of the whole industry fluctuated, stock prices of the IT group experienced positive movements.

From the beginning of the year to August 28, shares of FPT Corporation (FPT), CMC Investment (CMC), Elcom Technology Communications Corporation (ELC) and Viet Nam Technology & Telecommunication (TTN) all ticked higher. Of which, FPT soared 37.2 per cent, CMC jumped 44.4 per cent, ELC gained 123.1 per cent, and TTN advanced 18 per cent.

BIDV Securities JSC (BSC) said that the IT group on the market would have positive business results in the second half of 2023 thanks to factors such as growth in software exports to Japan and Asia, offsetting the slowing down in the US market.

The group would also be supported by the trend of digital transformation and public investment in smart transportation, the revised Telecommunications Law (expected to be submitted to the National Assembly for approval in October 2023) with many new contents.

Meanwhile, KB Securities Vietnam JSC said that difficulties in the US and European markets would continue to affect Việt Nam's IT industry. However, the securities firm still had a positive view on the prospect of software export in the mid- and long-term.

KBSV believes that information technology businesses will continue to maintain double-digit growth in 2023. 

NA Deputies agree on regulations about deposits for off-plan purchases

It is necessary to develop clear regulations about deposits for the purchases of off-plan houses to protect the rights of both buyers and developers, National Assembly deputies said while discussing the amendments to the Law on Real Estate Business on Tuesday.

Chairman of the NA Economic Committee Vũ Hồng Thanh said that many agreed on the necessity of regulations on deposits but were still diverse on how the deposit would be collected.

Two options were raised in the draft. In the first option, developers are allowed to collect deposits as agreed with the buyers when the projects have basic designs appraised by the management agency and the developers own land use right documents. The deposit agreements must clearly state the selling prices and the deposits must not exceed 10 per cent of the selling price.

In the second option, developers are allowed to collect deposits from buyers when the projects have fully met the conditions to be put into transactions and have performed transactions in accordance with the established laws.

Thanh said that the economic committee opted for the first option.

Deputy Nguyễn Thị Việt Nga from Hải Dương Province's NA Delegation said that it was critical to have regulations about deposits and the time for collecting deposits in the transactions of off-plan houses. She said that the lack of regulations on deposits currently caused a lot of problems, including appropriation of buyer’s money.

The first option in the draft was reasonable, which was tight enough to ensure that the project would be implemented without legal obstacles and enough to prevent illegal appropriation of buyers' money, Nga said. The second option would be better for buyers but would cause more difficulties for developers in raising capital.

Deputy Nguyễn Minh Tâm from Quảng Bình Province's NA Delegation, said the minimum deposit should be set at 5-10 per cent. If the deposit was too small, buyers could drop the deposit without hesitation.

Phạm Văn Hoà, deputy of Đồng Tháp Province's NA Delegation, said that the deposit played an important role in handling cases in which the two sides could not reach an agreement when the contract was cancelled.

According to Thanh, lawmakers would study to decide the deposit at the appropriate level. It could not be too high, otherwise, it would be no different to capital raising. It could not be too low to ensure commitments between developers and buyers, Thanh said.

Regarding the proposal that transactions via real estate trading floors should be made compulsory or not, Hoà said that it was not necessary to make it compulsory. Real estate trading floors mainly conducted brokerage activities with the main purpose of earning a profit, thus, transparency could not be guaranteed.

Hoà said that transactions via trading floors should be encouraged rather than made compulsory.

Nguyễn Anh Trí, a deputy from Hà Nội, said that it was necessary to develop regulations on the organisation and operation of real estate trading floors to ensure its on-track development and promote the healthy development of the property market.

NA Deputies also agreed that it was necessary to tighten the management on the transfer of real estate asset ownership and prevent speculation.

Deputy Lê Thanh Hoàn from Thanh Hoá Province said that the notarisation of contracts was important to protect the rights of buyers and sellers, which would help secure trust, promote investment in property assets as well as increase market transparency.

Deputy Văn Thị Bạch Tuyết from HCM City's NA Delegation said that the role of the notary in the real estate transaction contract should also be clarified.

Tuyết added that information about real estate projects must be made transparent and accessible.

She said that the information should be listed on the portal of the Ministry of Construction and provincial/municipal construction departments.

It was also necessary to clarify the responsibilities of local authorities and developers in ensuring the transparency of real estate project information as well as developing a real estate database, she said.

The draft amended Law on Real Estate Business was being discussed at the fifth meeting of the National Assembly 15th and expected to be passed at the sixth meeting scheduled to take place in October and November this year. 

Vietnam’s industrial production improves in August

Vietnam’s industrial production continued its positive trajectory in August 2023 amidst ongoing global economic challenges, driven primarily by the processing and manufacturing sector.

The Index of Industrial Production (IIP) for August has edged up by an estimated 2.9% compared to July, and 2.6% over the same period last year, according to data released by the General Statistics Office on August 29.

The processing and manufacturing sector has expanded by a substantial 3.5% year-on-year while electricity production and distribution have grown by 3.7%, and the water supply and waste treatment sector has improved by 1.8%. Conversely, the mining sector has declined by 6.2%.

However, global economic uncertainties have impacted domestic industrial production this year. The IIP from January to August has contracted by 0.4% over the same period last year, diverging from the 9.2% year-on-year growth recorded in the first eight months of 2022.

Throughout the eight-month period, the processing and manufacturing sector has decreased by 0.6%, scraping 0.3 percentage point from the overall growth rate.

Electricity production and distribution have displayed growth of 1.7%, the water supply and waste treatment sector has expanded by 4.8%. The mining sector has contracted by 2.5%.

Regarding the labor market, data from the General Statistics Office indicated a 0.9% month-on-month expansion in the workforce, yet a 2.9% year-on-year contraction.

State-owned enterprises have reduced their workforce by 1.9% versus the same period last year, while non-state enterprises have reported a 0.4% increase, and foreign-invested enterprises have seen growth of 1.3%.

According to the Ministry of Industry and Trade, the nation’s economy has remained stable despite global geopolitical and economic uncertainties. Favorable conditions for investment attraction and production promotion are expected to continue in the coming months.

Agricultural exports dip, except for rice and coffee

While rice and coffee prices have surged during the first eight months of 2023, the export value of other agricultural commodities has dropped, impacting the overall trade picture.

Data from the Ministry of Agriculture and Rural Development showed that the combined value of imports and exports for agricultural, forestry, and fishery products is projected to reach US$59.7 billion during this period, with exports totaling US$33.21 billion, down 9.5% year-on-year, and imports amounting to US$26.48 billion.

This decline in agricultural, forestry, and fishery exports can be attributed to reduced export volumes of major agricultural commodities. Black pepper has experienced a significant decline of 26.5%, with an export price of US$3,263 per ton. Rubber has also faced a 20% reduction. Exports of cashew nuts and cassava have also fallen.

However, rice and coffee have emerged as exceptions to this trend. The export price of rice is projected to hit US$542 per ton, marking an 11.5% increase. Coffee, too, has risen by 8.5%, boasting an export price of US$2,455 USD per ton.

China, the U.S., and Japan have maintained their positions as the top three export markets for Vietnam. China has constituted 22% of total exports, the U.S. 21%, and Japan 7.6%.

The ministry noted that the overall market for agricultural, forestry, and fishery commodities has remained stable in August, with essential supplies secured. Rice prices are anticipated to rise further due to global market dynamics and increased demand.

HCMC to host green construction conference

The Nordic Chamber of Commerce in Vietnam (NordCham), in collaboration with other foreign chambers of commerce, will organize a green construction conference in HCMC on September 7.
This event will serve as a platform for fostering discussions among senior industry leaders, experts, and decision-makers from both local and international construction giants.

During the conference, representatives of European investors and keynote speakers will engage in conversations and exchange ideas, with a primary focus on the critical aspects of green construction in Vietnam.

Key subjects will encompass the green building concept and its environmental, social, and corporate governance (ESG) advantages; the drive toward net-zero emissions and the influence of climate risks; as well as green design and technologies, among others.

According to NordCham, Vietnam’s construction sector has been grappling with urgent environmental challenges in recent years, necessitating immediate attention. Rapid urbanization coupled with outdated practices has led to escalated resource consumption, pollution, and habitat degradation.

The conference is considered a stepping stone on the path to green building practices. This event not only amplifies the voice of businesses in the industry but also stands as a testament to NordCham’s commitment to stimulate dialogue, spark innovation, and cultivate collaboration towards sustainable development in Vietnam, according to a statement of the chamber.

New leadership of Vietnam Business Association in Japan debuts

The Vietnam Business Association in Japan (VJBA) hosted a congress in Tokyo on August 29 to review the 2021 - 2023 term and to launch a new Executive Committee for the 2023 - 2025 term.

At the event, Le Van Ky, standing vice chairman of the VJBA Executive Board for the 2021 - 2023 term, emphasised that despite numerous challenges due to the COVID-19 pandemic, the association has always promoted its role in strengthening linkages and solidarity in order to further develop the Vietnamese business community in Japan.

The VJBA has made great strides in creating opportunities for connecting businesses of the two countries, thereby providing consultancy and guidance and supporting investment procedures, as well as actively participating in trade promotion activities, said Ky.

The congress elected a new VJBA Executive Committee for the 2023 - 2025 term, with Tong Thi Kim Giao elected head of the committee.

Addressing participating delegates, Giao stressed that backed by the comprehensive development across multiple fields between Vietnam and Japan, the VJBA is fully committed to enhancing ties with the governments of the two countries and other countries in a bid to overcome difficulties and build a conducive business climate for sustainable development.

The VJBA plans to expand the network of official member businesses in Japan and associate members who are Vietnamese enterprises around the world, said the new leader.

The congress was held as part of activities to mark 50 years of diplomatic ties between Vietnam and Japan.

On this occasion, the VJBA unveiled a plan to organise "Vietnam-Japan Business Day 2023" slated for November 2, aiming to help businesses of the two sides to share experience, enhance connectivity, and boost economic cooperation.

Source: VNA/SGT/VNS/VOV/Dtinews/SGGP/VGP/Hanoitimes