2022 vietnam outstanding banking awards

Permanent Deputy Minister of Foreign Affairs Nguyen Minh Vu (R) welcomes Japan's Crown Prince Akishino and Crown Princess Kiko. (Photo: VNA) Hanoi (VNA) - Japan's Crown Prince Akishino and Crown Princess Kiko arrived in Hanoi on September 20 afternoon, starting their official visit to Vietnam on the occasion of the 50th founding anniversary of Vietnam-Japan diplomatic relations (1973-2023). The visit is hoped to contribute to further deepening the friendship between the Vietnamese and Japanese people as well as the ties between the two countries. Japan is one of the leading important and long-term partners of Vietnam. During Vietnam's 35-year path of Doi Moi (Renewal) and 50-year ties between the two countries, Japan has always supported Vietnam in international integration and socio-economic development. Particularly in recent years, the bilateral Extensive strategic partnership for peace and prosperity in Asia has seen strong and comprehensive progress. Japan … [Read more...] about Japanese Crown Prince, Crown Princess’s Vietnam visit to reinforce bilateral ties

Vietnamese Ambassador to Japan Pham Quang Hieu grants an interview to the Vietnam News Agency. (Photo: VNA) Tokyo (VNA) – The Vietnam - Japan relations are now in their prime and live up to the countries’ extensive strategic partnership, Vietnamese Ambassador to Japan Pham Quang Hieu said on the occasion of the 50th anniversary of the bilateral diplomatic ties (September 21, 1973 - 2023). Talking to the Vietnam News Agency, he said that over the last 50 years, the countries’ friendship and cooperation have been reinforced unceasingly and developed comprehensively in all aspects, becoming a bright spot in the implementation of Vietnam’s foreign policy of independence, self-reliance, and diversification and multilateralisation of international relations. Japan currently ranks first among providers of official development assistance (ODA), second among labour cooperation partners, third among foreign investors and tourism partners, and fourth among trading partners of … [Read more...] about Vietnam – Japan ties live up to extensive strategic partnership: ambassador

Prices have also been rising globally. On Monday rose by $10-39 per ton to $2,551-2,566 in London. The prices of Arabica, another coffee variety, rose in New York by 0.45-0.95 cents per pound to $158-162. A kilogram equals 2.2 pounds. Vu Duc Con, deputy director of the Dak Lak Department of Agriculture and Rural Development, said one of the reasons for the rising prices is that the harvest season has yet to arrive while stocks from the previous season have mostly been sold. In the next two months, when the coffee crop ripens, prices would be more reasonable, he added. Hung, owner of a coffee factory in the Central Highlands province of Dak Lak, said farmers sold out their coffee stocks around a month ago. He is not buying now since the high prices would hit his profit margin. The Vietnam Coffee Cocoa Association has forecast coffee yields to drop by 10-15% in the 2022-2023 season to 1.47 million tons due to high heat. In Dak Lak, authorities expect outputs to decline … [Read more...] about Coffee prices on the boil in Vietnam

On September 20, Chief of the General Staff and Deputy Defense Minister Senior Lieutenant General Nguyen Tan Cuong chaired a solemn reception for General Chalermphon Srisawasdi at the Headquarters of the Ministry of National Defense. After the reception, the two sides held talks. During the talks, General Cuong affirmed the significance of the visit which takes place in the context that the two countries are celebrating the 10th anniversary of the establishment of their strategic partnership, contributing to creating new momentum for Vietnam - Thailand defense relations. On the basis of the bilateral friendship and fruitful cooperative relations, the cooperation between the two militaries has continuously developed with many practical and effective activities. Such cooperation mechanisms as defense policy dialogue; coast guard exchange; collaboration between arms and services; young officers’ exchange; information sharing; consultation; support to each other at ASEAN-led … [Read more...] about Thai Chief of Defense Forces visits Vietnam

The one-day forum featured one opening and two thematic sessions, and one plenary session - high-level dialogue. In his closing speech, National Assembly Chairman Vuong Dinh Hue said in terms of internal capacity and motivations of the economy, delegates opined that it is essential to develop the production sectors of the economy, including agriculture, industry and services; speed up the disbursement of public investment, stimulate consumption demand, develop the domestic market and improve labor productivity. He said they called for synchronous measures to tackle difficulties, restructure various markets, develop and tightly regulate currency, stock, insurance, corporate bond and real estate markets. It is also essential to promote goods distribution via digital platforms and e-commerce, and stimulate domestic tourism demand as well. According to experts, if 95% of the public investment plan for 2023 is disbursed, additional 2 percentage points to the GDP growth in 2023 will … [Read more...] about Vietnam Socio-Economic Forum 2023 wraps up

The Commission for Management of State Capital at Enterprises has sent a report to the Ministry of Planning and Investment on the production, business, investment, and development of state-owned enterprises under its management. According to the report, EVN reported a loss of more than VND28.7 trillion ($1.21 billion) in the first eight months of 2023. In 2022, EVN posted a loss of VND26.5 trillion ($1.1 billion), excluding exchange rate differences. This year, EVN proposed an increase in the price of electricity to compensate for losses. This proposal has been approved as the electricity price has remained consistent over the past four years. Accordingly, in May, the retail electricity price increased by 3 per cent to an average of VND1,920 (8 US cents) per kilowatt hour, excluding VAT. EVN has also sent a document to the Ministry of Industry and Trade to comment on the draft revision to replace Decision No.24/2017/QD-TTg. According to the draft, the mechanism to adjust … [Read more...] about Vietnam Electricity incurs further losses so far this year

This partnership represents a clear commitment by both parties to address climate change within their value chains. DHL Express, the world’s leading international express service provider, on September 19, signed its GoGreen Plus service contract with Asia Commercial Joint Stock Bank (ACB) to reduce carbon emissions for its time-definite international (TDI) shipments through the use of sustainable aviation fuel (SAF). By investing in GoGreen Plus, ACB is estimated to reduce 14 tons worth of total CO2 emissions within a 12-month period. DHL Express and ACB sign the GoGreen Plus contract. Photo: DHL The whole process is verified annually by an independent third-party agency, Société Générale de Surveillance (SGS). In addition, a complementary Carbon Footprint report will be updated monthly, detailing ACB’s overall emissions with DHL Express . “We believe that corporate social responsibility and business success always go hand in hand. … [Read more...] about DHL Express partners with ACB to cut carbon emissions using sustainable aviation fuel

Headquarters of the State Bank of Vietnam in Hà Nội. Some experts believe the SBV can still cut the policy interest rate further as its current priority is to lower interest rates to promote credit growth and support economic growth. — Photo sbv.gov.vn Experts have different forecasts about the time when the State Bank of Vietnam (SBV) will lower its policy interest rate. While some experts expect the rate to decrease by 0.5-1 percentage point at the end of the third or fourth quarter of this year, others believe the rate will be kept unchanged. According to some experts, although rising pressure on the foreign exchange rate and inflation are the main factors affecting the SBV's ability to continue lowering the policy rates in the remaining months of this year, the SBV can still cut the rate further as its current priority is to lower interest rates to promote credit growth and support economic growth. Banking expert Nguyễn Trí Hiếu forecasts that deposit interest rates will … [Read more...] about Different forecasts made for policy interest rates in the rest of 2023

Standing deputy head of the Party Central Committee’s Commission for Information and Education Lai Xuan Mon (fourth, from left) and Vietnamese delegates are at Canada’s MaRS Discovery District. (Photo: VNA) Ottawa (VNA) – A delegation from the Party Central Committee’s Commission for Information and Education led by its standing deputy head Lai Xuan Mon held a working session with Canada’s MaRS Discovery District - the largest urban innovation hub in North America, as part of their working trip to Canada from September 18-19. Mon said the working visit will contribute to enriching Vietnam's experience and help the country build more effective science and technology development policies. Canada relations for the 2020-2025 period which focuses on this field. The Canadian Government has supported many projects to improve policy and scientific research capacity in Vietnam. During his stay in Canada, Mon also had a meeting with outstanding representatives of the … [Read more...] about Party delegation learns Canada’s innovation experience

Gemalink Deep-Sea Port in Ba Rịa - Vung Tau province (Photo: VNA) Hanoi (VNA) - The Ministry of Planning and Investment has outlined three potential economic growth scenarios for 2024 , with the highest GDP growth rate forecast at 6.5%. These projections stem from the Government's socio-economic development strategy for the 2021-25 period, combined with endeavours to meet the 2023 growth goal of 6.5%. Given the challenges faced by the Vietnamese economy between 2021-23, 2024 is anticipated to be a pivotal year for Vietnam to accomplish the objectives of its five-year plan. In the first scenario, Vietnam's GDP is predicted to rise by 6%. This estimate presumes that global growth will be moderate in 2023 and the resurgence of global trade and investment will continue to face hurdles. Although the domestic market and services sector might exhibit robust growth, the import, export, and industrial production sectors may not experience a marked recovery due to their … [Read more...] about Ministry projects three economic growth scenarios for 2024