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Kim Dooyoon, CEO of JB Securities Vietnam What is your assessment of the financial landscape of the country, and how have you seized opportunities? In the last three years living and working in Vietnam, I have found that for Vietnamese business, the main source of financing is mostly from banks, and the capital markets are in the early stage compared to peer countries in Asia. As Vietnam's economy grows fast compared to other countries, I expect that its capital markets will also grow to meet the funding needs from the industries, based on my experience and study in Korea and the US. With this expectation, I have decided to focus on the debt capital market first since I joined JB Securities Vietnam (JBSV) three years ago. In particular, in the last two years, JBSV has advised corporate bond issuances and made commitments to invest more than 1 trillion VND. Thanks to our strong financial analytical skills and advanced risk management scheme on the bonds, JBSV has been … [Read more...] about JB Securities strives to contribute to development of Vietnam’s capital markets

Deputy Chairwoman of the provincial People’s Committee Ho Thu Anh speaks at the event (Photo: VNA) Hau Giang (VNA) – A gathering to celebrate the 50th anniversary of the diplomatic ties between Vietnam and Japan (September 21, 1973- 2023) was held in the Mekong Delta province of Hau Giang on September 21. Deputy Chairwoman of the provincial People’s Committee Ho Thu Anh thanked the Vietnam-Japan Friendship Association and Japanese partners for their supports to the province over the past time. She said that after nearly two decades since its establishment, the province has achieved significant socioeconomic development outcomes. In 2022, for the first time, the province's economic growth rate topped the Mekong Delta region and ranked fourth in the country, reaching 13.94%. In the first half year of 2023, the province’s economic growth ranked first in the country with 14.21%. The results are based on countless efforts of the entire political system, consensus of the … [Read more...] about Hau Giang marks 50th anniversary of Vietnam-Japan diplomatic ties

Vietnamese Prime Minister Pham Minh Chinh (L) and his Japanese counterpart Kishida Fumio. (Photo: VNA) Hanoi (VNA) – The year 2023 marks the 50th anniversary of the establishment of Vietnam - Japan diplomatic relations (September 21, 1973 - September 21, 2023). During the past 50 years, the relations between the two countries have been strengthening and developing in fields. They have become important partners of each other, sharing strategic interests. The bilateral relationship framework has continually been heightened, from a "trusted, long-term stable partnership" (2002) to “Towards a strategic partnership for peace and prosperity in Asia" (2006), then to a "strategic partnership for peace and prosperity in Asia" (2009), and ultimately an "extensive strategic partnership for peace and prosperity in Asia" (2014). The two countries often exchange high-level delegations and convene meetings on the sidelines of international and regional conferences, thereby strengthening … [Read more...] about Vietnam, Japan go together, head to future, reach out to world

Dr. Guido Hildner, German Ambassador said that in his country, the number of employees working in occupations requiring green skills increased 56.7% to 5 million between 2012 and 2020. This shows that the energy transition is a complex and demanding process, but also provides great opportunities to the people and the economies. Noting that Vietnam has set a target of net-zero emission by 2050, the diplomat said that Germany has supported Vietnam in employment transition by training Vietnamese workers in the fields of electricity, electronics and roof-top solar power installation. Each year, tens of thousands of students are trained in 11 vocational training facilities, 79% of whom have been employed. With high labor demand, Vietnam will need long-term decisions from the State, along with the promotion of creativity and innovation in the public and private sectors, and the mobilization of public and private investment, especially in modernizing the power grid as well as increasing … [Read more...] about Just energy transition requires higher laborers’ skills: Experts

The smart transport management centre is connected with 875 traffic cameras and 216 traffic lights. (Photo: tuoitre.vn) HCM City (VNA) – Study of new technologies is underway in Ho Chi Minh City to complete its transport system, and ease traffic congestion that has plagued the southern hub for a long time. According to Director of HCM City Urban Transport Management Centre Do Van Tan, the city has 9 million vehicles on the road, including 7.8 million motorbikes and 865,000 cars. The increase in the number of personal vehicles has exerted enormous pressure on the city’s transport infrastructure, he said, highlighting that the transport sector is working to catch up with new technologies to improve the city’s smart transport system. The city put into operation its first smart transport management centre in 2019, which is connected with 875 traffic cameras and 216 traffic lights. The centre has helped local residents get updated with the traffic situation via website and … [Read more...] about HCM City looks for new technologies toward smart transport system

At the Vietnam - US defence dialogue. (Photo: nhandan.vn) Hanoi (VNA) – Deputy Minister of National Defence Senior Lieutenant General Hoang Xuan Chien and US Assistant Secretary of Defence Dr Ely Ratner co-chaired the annual Vietnam – US Defence Policy Dialogue in Washington, D.C on September 19 (local time). Commending positive defence cooperation between the two countries in the past year, Chien and Ratner said post-war recovery cooperation has continued to be a pillar and a bright spot in the bilateral relations, helping build trust and foster mutual understanding between the two sides. Chien took this occasion to thank the US for increasing its non-refundable aid from 183 million USD to 300 million USD for the project to clean up dioxin-contaminated soil at the Bien Hoa Air Base, describing it an important resource to complete the first phase of the project. Vietnam will continue creating favourable conditions for the search for US soldiers missing in action … [Read more...] about Vietnam, US hold annual defence policy dialogue

Vice President Vo Thi Anh Xuan (R) and Crown Prince Akishino (Photo: VNA) Hanoi (VNA) – Vice President Vo Thi Anh Xuan said the visit of Japan's Crown Prince Akishino and Crown Princess Kiko will be an milestone that contributes to enhancing understanding and the bond between the people of both countries, during a meeting with the royal couple in Hanoi on September 21 right after the welcome ceremony for them. She thanked the Imperial House, Government and people of Japan for providing support for Vietnam's national construction and socio-economic development, as well as the care they give to nearly 500,000 Vietnamese in Japan. She shared the understanding on the importance of educational, cultural and local cooperation to promoting exchanges and understanding between the people of both countries, and expressed a hope that Japan will continue supporting Vietnam's socio-economic development, propelling cooperation across the board, and expanding into such new areas as … [Read more...] about Vice President welcomes Japan’s Crown Prince, Crown Princess

The Philippines foreign ministry late on Thursday said it was awaiting assessments from various agencies of the extent of environmental damage in Iroquois Reef in the Spratly Islands and would be guided by Solicitor General Menardo Guevarra. Guevarra was quoted on Thursday by news outlet Rappler as saying he was studying the possibility of filing a second legal case before the Permanent Court of Arbitration (PCA) in the Hague, although no decision had yet been taken on what legal move would be taken. "The DFA stands ready to contribute to this effort," the Department of Foreign Affairs said in a statement. "States entering the Philippines' EEZ and maritime zones therefore are likewise obliged to protect and preserve our marine environment," it said. Any move to pursue arbitration would be highly controversial after the Philippines' landmark 2016 victory in a case against China that concluded Beijing's claim to sovereignty over most of the South China Sea had no basis under … [Read more...] about Philippines weighing legal options against China over coral reef ‘destruction’

This report recognises that Nestlé has a cohesive and comprehensive sustainability strategy, and that its policies, objectives, and actions incorporate social, environmental, and economic dimensions of coffee production. It also acknowledges Nestlé's dedicated investments to support its work. David Rennie, Nestlé's head of Coffee Brands said, "This is recognition for our long-term commitment to sustainability. Through our flagship programmes, namely the Nescafé Plan and the Nespresso AAA Sustainable Quality drive, we are working every day with coffee farmers to help ensure that the farming and production of coffee is sustainable and socially and economically inclusive. We are committed to continuously progressing and bringing new approaches to sustainable coffee farming." Since the inception of the Nescafé Plan in Vietnam in 2011, Nestlé has supported coffee farmers in making the transition towards regenerative and low-emission agriculture with initiatives to improve soil … [Read more...] about Nestlé claims top spot in 2023 Coffee Brew Index

Sen. Lieut. Gen. Phung Si Tan, Deputy Chief of the General Staff of the Vietnam People’s Army speaks at the closing ceremony of the Competency Evaluation Programme for Prospective United Nations Peacekeepers in Hanoi on September 21.(Photo: VNA) Hanoi (VNA) - The Competency Evaluation Programme for Prospective United Nations Peacekeepers ( CEPPP ), an activity under the ASEAN Defence Ministers’ Meeting Plus (ADMM-Plus) Experts’ Working Group on Peacekeeping Operations ( PKO-EWG ) Cycle 4 , wrapped off in Hanoi on September 21. With the participation of 18 ADMM-Plus member states, the nine-day event co-chaired by Vietnam and Japan marked the first time Vietnam had hosted a large-scale multilateral activity on UN peacekeeping, affirming its role, position, and contribution to peacekeeping-related cooperation mechanisms in the region and within the ADMM-Plus framework. During its course, trainees were provided with in-depth theoretical instruction combined with … [Read more...] about Competency evaluation programme for prospective UN peacekeepers concludes in Hanoi