Talk Vietnam

Coastal area in Sơn Trà District of Đà Nẵng will become an international finance centre project. VNS Photo Công Thành ĐÀ NẴNG – The central city’s people’s committee and the Import-Export Pan Pacific Group (IPPG) has signed a Memorandum of Understanding (MoU) on the development of an international and regional finance centre to attract investors in the future. Director of the city’s Investment Promotion Agency (IPA), Huỳnh Thị Liên Phương said the MoU, which was signed late last month, aimed to build a trading centre, casino, high-end entertainment and luxury apartments in the coastal area. She said the project would be built on an area of 84,000.sq.m on the beach-front at Võ Nguyên Giáp and Võ Văn Kiệt streets in the Sơn Trà peninsula. Phương said Đà Nẵng authorities would auction land-use rights for the finance-trade-casino complex in the future. She said the city was drawing up a detailed plan for the first international duty-free zone and smart urban area for investors. Last year, five key investors – the Import-Export Pan Pacific Group (IPPG), T&T Group, New Techco company from Việt Nam, and Sakae Holding and another company from Singapore – registered for a land-use rights auction for a US$2 billion finance-trade-casino complex in the central city. Jonathan Hạnh Nguyễn, who is chairman of IPPG Group, urged the city to build an international standard duty-free zone and recreational area for tourists. The city Department of Natural Resources and Environment said four plots on two coastal facade Võ Văn Kiệt and Võ Nguyên Giáp streets were reserved for finance-trade-casino complex development. Two years ago, IPPG failed to negotiate with Trung Nam Group to make the Golden Hills area the first duty-free zone and factory outlet centre in central Việt Nam. A trading centre in downtown Đà Nẵng city. A free-duty zone and trading centre project is planned in Đà Nẵng in line with a financial centre. VNS Photo Công Thành …

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Myanmar police tighten security in Yangon city VNA Photo NEW YORK — Ambassador Đặng Đình Quý, head of the Vietnamese Mission to the United Nations, has called on the international community to make constructive contributions to help Myanmar prevent violence, promote an environment conducive to dialogue and reconciliation while respecting the country's principles of independence, national sovereignty, territorial integrity and unity. During an Arria-formula online meeting of the UN Security Council member states which was co-chaired by the UK, the US, Estonia, France, Ireland and Norway on April 9, Ambassador Quý urged supporting the role of the Special Envoy of the UN Secretary General on Myanmar and creating favourable conditions for the envoy's working trip to Myanmar. He stressed the top priority is ensuring life, security and safety of all, and unobstructed humanitarian aid to those in need of help, especially vulnerable groups in the society. He called on parties concerned in Myanmar to refrain from violent acts, conduct dialogues and reconciliation according to the will and aspirations of the people, for the sake of peace and stability in the region. Quý affirmed that Myanmar was a member state of the ASEAN family and the bloc was ready to help the country in a constructive and peaceful manner via related mechanisms. ASEAN member states, including Việt Nam, had been working with parties concerned in Myanmar to promote dialogue and seek solutions to the issues, he said. He also called on the international community to support ASEAN’s efforts and stance, and said that discussions at the UN and relevant important issues needed consultations with ASEAN member countries and others in the region. Rapporteurs at the event expressed concern over the current situation in Myanmar and warned about the risks of economic, food and health crises as well as a potential civil war. Many opinions called for refraining from violence and preventing tension …

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The resource is not only provided funding for local production and business but also added to the city’s foreign reserves. There are currently some 2 million residents in HCM City living overseas. Last year, the city received US$6.1 billion in remittances, up 15 percent against 2019. The exchange rate between the VND and the US dollar has been stable in recent times, so recipients tend to sell them to credit institutions. Several banks use remittance payment technology and offer services to change foreign currencies into VND for savings at a high interest rate. Over recent years, remittances have come not only in the form of savings but also in securities, real estate, share purchases, or business establishment. Banks have also enhanced the use of technology and offered promotions to attract more customers. For example, Sacombank has cooperated with partners in the US, Australia, Europe, Japan, and Taiwan (China), and adopted API technology allowing quick payments around the clock. Recipients can receive their remittances in no more than a minute. Illustrative image (Source: VNA) Vietnamplus …

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