☕ Afternoon briefing on October 29

The following is a brief review of the day’s events as reported by the Vietnam News Agency.

Tuesday, October 29, 2024 16:06

Hanoi (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency.

- Prime Minister Pham Minh Chinh described the potential for scientific and technological cooperation between Vietnam and the United Arab Emirates (UAE) as boundless, while receiving UAE Minister of Industry and Advanced Technology Sultan bin Ahmed Al Jaber in Abu Dhabi, who is also Group CEO of the Abu Dhabi National Oil Company, on October 29.

Ample room remains for the bilateral collaboration across various sectors, particularly in energy, high-tech and artificial intelligence (AI), with opportunities for immediate implementation, the visiting leader said, expressing his hope that the UAE Ministry of Industry and Advanced Technology, businesses, the minister himself, and relevant sides will make concerted efforts to advance this cooperation. Read full story

- Prime Minister Pham Minh Chinh has suggested the Dubai International Financial Centre (DIFC) cooperate with Vietnam in developing financial services and supporting the development of the Ho Chi Minh City Financial Centre.

Receiving Arif Amiri, Chief Executive Officer of DIFC Authority, in Dubai on October 28 afternoon (local time) as part of his official visit to the United Arab Emirates (UAE), Chinh spoke highly of the DIFC – one of the world’s leading financial centres. Read full story

- The freshly-signed Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) opens up a new era of the bilateral relationship that has been upgraded to a comprehensive partnership and growing substantively.

The deal, the first free trade agreement Vietnam has established with an Arab country, was signed by Vietnamese Minister of Industry and Trade Nguyen Hong Dien and UAE Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi in Dubai on October 28 (local time). Visiting Prime Minister Pham Minh Chinh and UAE Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum witnessed the signing of the agreement. Read full story

- National Assembly (NA) deputies debated the draft Public Investment Law (revised) on October 29, as part of their ongoing eighth session.

After Minister of Planning and Investment delivered the document, Chairman of the NA Budget-Finance Committee presented a report verifying the bill which aims to remove existing shortcomings, obstacles, and bottlenecks in the implementation of the Public Investment Law 2019, clarifying regulations related to decentralisation and delegation of power, among others. Read full story

- No Vietnamese rice is named in the list of the grain seized by Swedish authorities on suspicion of quality fraud, according to the Vietnam Trade Office in the European country.

Vietnam mainly exports jasmine and japonica rice to Sweden, while that controlled by the country is basmati, which primarily originates from other markets, the office explained. Read full story

- The Vietnamese team ranked seventh in the medal tally at the Wushu World Cup 2024’s taolu (performance) category, which concluded in Japan on October 27.

The Vietnamese athletes brought home one silver medal and one bronze medal, tied for 7th place with Brunei and Singapore. Read full story

The race toward “net zero tours” and controlling carbon emissions in tourism activities becomes increasingly urgent. - Illustrative image (Photo: VNA)

- Vietnam's tourism industry is making efforts to reduce its “carbon footprint” in pursuit of sustainability, focusing on developing “green tours”, upgrading transport infrastructure, and developing renewable energy-used vehicles, said insiders.

The multi-trillion-dollar tourism industry, often called the "smokeless industry," is projected to emit 6.5 billion tonnes of carbon emissions by 2025, accounting for approximately 13% of global greenhouse gas emissions, according a study published by the scientific magazine Nature Climate Change in 2018. Read full story

- The global Halal market has a massive scale and great development potential thanks to the 2-billion-strong Muslim community that accounts for nearly 25% of the world's population. It is forecast to reach about 2.8 billion people by 2050, with a market value expecting to hit 10 trillion USD by 2028.

Halal food is becoming an important part of the global supply chain. In many countries, the product is not only for Muslims b༺ut also chosen by non-Muslim consumers, opening up opportunities for exchang✤e among different ethnicities and religions./.

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