The Ha Noi-based Soc Son waste-to-energy (WTE) plant. It was connected to the national grid on July 25. — Photo toquoc.vn The UK – Viet Nam Free Trade Agreement (UKFTA) is opening significant opportunities for enterprises from both sides to enhance cooperation in green energy transition and digital transformation as the Southeast Asian country strives to achieve net zero emissions by 2050 and embrace new drivers for economic growth. Viet Nam was making strong efforts towards the goal of becoming a high-income country by 2045, to which digital transformation and energy transition are considered launch pads for the economy. During a visit to the UK from August 10 to 15, Politburo Member and Head of the Party Central Committees Economic Commission Tran Tuan Anh said that Viet Nam had set strategic goals in digital transformation, digital economy and green energy conversion to achieve rapid, sustainable and inclusive growth and net zero carbon emissions as well as adaptation to the … [Read more...] about UKFTA promotes cooperation in digital transformation, energy transition as VN strives for a sustainable future
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Banks should tighten assessment control of their corporate bonds investments: experts
Illustrative image (Photo: VNA) Hanoi (VNS/VNA) - Banks must tighten their assessment control of corporate bond investment s to avoid excessive risk and the misuse of funds raised by firms, experts said. In early April, the Banking Supervision Agency, under the State Bank of Vietnam ( SBV ) conducted an inspection of corporate bond investment activities at seven banks, while the Ministry of Finance inspected one bank. According to the SBV, by the end of 2021, there are 41 credit institutions holding 274 trillion VND (11.7 billion USD) of corporate bonds, of which more than 75% of them are held by ten major banks - Techcombank, MBBank, VP Bank , TPBank, BIDV, Vietcombank, VietinBank, HDBank, ABBank and SeABank. At some banks, the value of corporate bonds exceeds 10% of total assets. Although the inspection results were not published, a SBV senior leader said in an interview with Vietnam Investment Review that a number of credit institutions failed to accurately … [Read more...] about Banks should tighten assessment control of their corporate bonds investments: experts
BA.4, BA.5 sub-variants of Omicron spreading in Cambodia
People get vaccinated against COVID-19 in Phnom Penh, Cambodia . (Photo: AFP/VNA) Phnom Penh (VNA) – Cambodia reported 256 new COVID-19 cases on August 18, including infections of the BA.4 and BA.5 sub-variants of Omicron, according to the country’s Ministry of Health. Cambodian Prime Minister Samdech Techo Hun Sen said although there hasn’t been a recorded COVID-related death since April 20, some patients of the sub-variants are showing severe symptoms compared to previous Omicron sub-variants like BA.1 and BA.2. The majority of recorded patients are receiving home therapy while those who exhibit severe symptoms will be transferred to hospital, Hun Sen noted. He added if COVID-19 does not mutate further and monkeypox is contained, it will not be necessary to close schools like last year. The PM affirmed that vaccination is playing a crucial role in maintaining the life in the new normal. Or Vandine, spokeswoman for the Ministry of Health, said every … [Read more...] about BA.4, BA.5 sub-variants of Omicron spreading in Cambodia
Vietnamese students abroad return in droves to start career
The opening ceremony of ‘Study Abroad in France Fair: Palez-moi de la France’ organised by the Vietnam Students Association in France (UEVF) and University of Transport Technology. (Photo: utt.edu.vn) HCM City (VNS/VNA) - Nguyen Dang Khoa , who studied hospitality management in Switzerland, told Vietnam News he saw Vietnam as a country with great potential for his industry as it integrates with the world economy. As a person born and brought up in Ho Chi Minh City, he loves it deeply. So, after finishing his degree, returning to Vietnam instead of staying in Switzerland and starting a career there was a no-brainer for him. Nguyen Quang Trung, who studied international business and management at Dickinson College in the US’s Pennsylvania State , also chose to return home after finishing his degree. His decision was based on the fact that in recent years Vietnam has become one of the leading countries in Southeast Asia in economic and other terms. Seeing this … [Read more...] about Vietnamese students abroad return in droves to start career