Two SOEs given financial support for employment of ethnic minority workers

Two State-owned enterprises will receive a total of nearly 62.92 billion VND (2.72 million USD) in funding for their employment of ethnic minority workers from mountainous and extremely disadvantaged regions in 2018 under a decision of Prime Minister Nguyen Xuan Phuc.
Two SOEs given financial support for employment of ethnic minority workers ảnh 1A worker harvests rubber latex in a farm in the Central Highlands of Gia Lai. (Photo: VNA)
Hanoi (VNA) – Two State-owned enterprises willreceive a total of nearly 62.92 billion VND (2.72 million USD) in funding fortheir employment of ethnic minority workers from mountainous and extremelydisadvantaged regions in 2018 under a decision of Prime Minister Nguyen XuanPhuc.

The Vietnam Rubber Group (VRG) will be given close to60.64 trillion VND and the Vietnam National Coffee Corporation (VinaCafe) willget nearly 2.28 billion VND from the 2021 central budget in pursuant toDecision 42/2021/QD-TTg dated October 8, 2012 on provision of support foremployers of ethnic minority people from mountainous and extremely disadvantagedareas.

The Ministry of Finance was assigned to manage anddisburse the funding in line with current regulations.

The move forms part of the government’s efforts toimprove livelihoods of ethnic minorities in remote and disadvantaged regions.

Rubber and coffee have been among Vietnam’s key currencyearners for years. Last year, the country’s rubber and coffee export value hit 2.4billion USD and 2.7 billion USD, respectively.

The two agricultural products are largely grown in thenorthern mountainous, Central Highlands and Southeast regions which are endowedwith nutrient-rich red basalt soil. The regions are mainly inhabited by ethnicminority people, a majority of whom have been struggling with manydifficulties.

According to a 2019 survey by the Committee on EthnicMinority Affairs, Vietnam is home to 14.1 million ethnic minority people,accounting for 14.7 percent of the total population. It also revealed that thepercentage of poor and near-poor households in ethnic minority inhabited areasis 3.5 times higher than the country’s average./.
VNA

See more

Prime Minister Pham Minh Chinh chairs the meeting (VNA)

PM urges proactive engagement with US on trade talks

Trade negotiations with the US must be calm, consistent, and flexible, aiming to protect national sovereignty, security, and interests, while upholding international commitments and pursuing “balanced interests, shared risks," said Prime Minister Pham Minh Chinh.

Fisshing vessels in Quang Binh province (Photo: VNA)

Vietnam races against time to have EC’s "yellow card" lifted before Sept. 15

The Ministry of Agriculture and Environment particularly focused on resolving all EC concerns before September 15, the deadline for submitting a progress report to the commission, as well as ensuring thorough preparations for the fifth inspection so as to secure the removal of the “yellow card” warning.

Investment in artificial intelligence surges eightfold compared to 2023 (Photo: VNA)

Investment in AI in Vietnam increases eightfold

Vietnam is entering a new phase of growth, where innovation, science, and technology are at the forefront of shaping its future. From being an emerging market, Vietnam has now risen to become a strategic destination for technology investment in Southeast Asia, driven by the aspirations of the entrepreneurial community and strategic guidance from the government

The talks between Vietnamese Minister of Industry and Trade Nguyen Hong Dien and Cambodian Minister of Commerce Cham Nimul on April 28 (Photo: VNA)

Vietnam, Cambodia seek ways to bolster economic, trade ties

Vietnam and Cambodia inked an agreement on promoting bilateral trade for the 2025–2026 period, which provides preferential tariffs for many competitive goods from each side – much more favourable than those under the ASEAN Trade in Goods Agreement (ATIGA).

President of Vietnam Luong Cuong (10th from left), Party General Secretary and President of Laos Thongloun Sisoulith (ninth from left), and officials of the two countries at the inauguration ceremony of Wharf No. 3 of Lao - Viet International Port on April 28 (Photo: VNA)

New wharf at Lao - Viet Int’l Port inaugurated

The launch of Wharf No. 3 of Lao - Viet International Port expected to help ensure infrastructure for socio-economic development in both Vietnam and Laos, meeting the increasing demand for goods transportation.

Vietnamese Ambassador to Brazil Bui Van Nghi (centre), who is concurrently in charge of Peru pays a courtesy visit to Peru's Deputy Foreign Minister Felix Denegri Boza. (Photo published by VNA)

Vietnam, Peru step up economic and trade cooperation

Peru is currently Vietnam’s sixth-largest trading partner in Latin America. However, the trade value, standing at 518 million USD, remains modest compared to the potential and real demand between the two complementary economies.

Permanent Deputy Prime Minister Nguyen Hoa Binh speaks at the meeting with representatives from ministries, agencies, international institutions, banks, investment funds and investors in Hanoi on April 28. (Photo: VNA)

Deputy PM vows optimal conditions for firms to expand investment in int’l financial centres

Speaking at a meeting with representatives from ministries, agencies, international institutions, banks, investment funds and investors in Hanoi, Binh said that the Government of Vietnam is committed to always accompanying businesses, creating the most favourable conditions for enterprises to expand their investment in international financial centres in Vietnam as well as invest in other ecosystems that they are interested in.

Tunisia’s demand for imported goods remains high, especially for essential commodities such as raw coffee, rice, and sugar. Illustrative image (Photo: VNA)

Vietnam, Tunisia boost economic and trade cooperation

In 2024, trade between Vietnam and Tunisia reached 267 million USD, almost tripling the figure recorded in 2023. Vietnam’s main exports to Tunisia included footwear, raw coffee, pepper, cashew nuts, seafood, and machinery, while Vietnam imported seafood, dates, chemicals, and animal feed materials from Tunisia.

Local carmaker Kim Long Motor company and Korean Daon Mobility ink an agreement on exporting the local brand bus into the Korean market. Photo courtesy of Kim Long Motor (

Local carmaker to export buses to RoK

It’s expected that the first batch of 50 electric EV Buses will be delivered to the Republic of Korea (RoK) for operation in the second quarter this year.

Tourists from Tashkent to Da Nang (Photo: VNA)

Da Nang launches direct air route to Uzbekistan

Nguyen Thi Phuong, President of Prestige DMC Vietnam, noted that the charter service from Tashkent to Da Nang is being operated through a partnership between Prestige DMC Vietnam, Red Island Company, Centrium-Air Airways, and Prestige Travel Uzbekistan.