218 firm win prestigious export business tilte

Tuesday, 06/12/2022 17:30
As many as 218 companies have won the “Prestigious Export Business” title for 2021, Vietnam News Agency reported the list unveiled by the Ministry of Industry and Trade (MoIT).
Illustrative image (Photo: VNA) 

The list of the honourees, operating in 27 business lines, is publicised on the MoIT portal (www.moit.gov.vn) and the websites of some relevant agencies.

In May this year, the MoIT coordinated with other ministries, sectors, business associations, provincial-level departments of industry and trade, and related agencies to select and publish the list of nominees on its website to collect public feedback.

They were chosen based on the MoIT’s criteria, including the minimum export revenue, business prestige among foreign partners, and performance of their customs, tax, and environmental obligations.

The selection aims to encourage Vietnamese enterprises to promote export and expand the market, particularly as the country has participated in many bilateral and multilateral free trade agreements.

The MoIT expects those prestigious exporters will continue making efforts to affirm their positions in the world business community.

According to figures by the General Statistics Office, Vietnam’s total import and export turnover in the first 11 months of this year reached 673 billion USD, of which exports were valued at 342.21 billion USD, up 13.4%.

LG plans to pour further US$4 billion into Vietnam

According to the Voice of Vietnam, LG Corporation of the Republic of Korea has planned to inject an additional US$4 billion into its projects in Vietnam in the near future, announced Kwon Bong-seok, vice chairman and CEO of LG Corp.

LG plans to pour further US$4 billion into Vietnam 

Kwon revealed the plan at a meeting in Seoul on December 5 with Vietnamese President Nguyen Xuan Phuc who was making an official visit to the RoK.

Kwon said the Korean firm had begun its investment in the Vietnamese market in 1995 and has so far poured US$5.3 billion into fields such as camera, electronics, household appliances, and auto component manufacturing.

Around 27,000 Vietnamese workers are currently employed in LG Corp.’s plants throughout Vietnam, with plans already underway to add another US$4 billion into the country, he affirmed.

Photo for illustration (Source: vov.vn) 

LG Corp. has high hopes of developing Vietnam into its centre for manufacturing smartphone cameras in the future, Kwon said.

President Phuc applauded the group’s strong investment in Vietnam, saying he had previously attended an inauguration ceremony for one of its US$2 billion plant in Hai Phong, hoping to create jobs for many local workers.

He expressed hope the group would increase its investment in Vietnam, especially in fields such as automobile spare parts and mobile phone components, whilst also boosting cooperation in information technology and software training.

Vietnam wins big at International Mathematics and Science Olympiad

Vietnamese students won a total of 19 medals, including three gold, at the recent 2022 International Mathematics and Science Olympiad (IMSO).

Students participating in 2022 International Mathematics and Science Olympiad (Photo: hanoimoi.com.vn) 

The students, all sixth graders, come from Hanoi schools, reported Vietnam News Agency.

IMSO is an annual competition specifically for students under the age of 13 and brings together contestants from many countries and territories worldwide.

Students of Newton Grammar School compete in the IMSO 2022 (Photo: Vietnamnet) 


This year’s edition was held by Indonesia in an online format from November 29 to December 4.

Previously, IMSO 2021 saw Vietnamese students bring home two gold, 10 silver, and eight bronze medals./.