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New Zealand Deputy Minister of Foreign Affairs and Trade Vangelis Vitalis In the near future there will be many opportunities to develop Viet Nam-New Zealand relations in many aspects, according to New Zealand Deputy Minister of Foreign Affairs and Trade Vangelis Vitalis. On the sidelines of the 8th meeting of the Viet Nam-New Zealand Joint Trade and Economic Commission (JTEC), he spoke about the results of the meeting and the prospect of cooperation and investment between Viet Nam and New Zealand. What are the results of the 8th JTEC meeting? How do you evaluate the cooperation between the two countries in economics, trade and related fields after the 7th JTEC meeting in 2020? The joint trade economic cooperation talks are always a very important moment in the bilateral relationship between Viet Nam and New Zealand. And the things Viet Nam's Deputy Minister of Industry and Trade Phan Thi Thang and I focus on are practical things. These things will benefit our businesses, … [Read more...] about Viet Nam and New Zealand have great potential for economic and trade cooperation

Workers at Dung Quat Oil Refinery in the central province of Quang Ngai, operated by Binh Son Refining and Petrochemical JSC (BSR). Shares of most oil and gas companies witnessed double-digit growth compared to the beginning of this year. — Photo bsr.com.vn In the context of the general market moving sideways, oil and gas stocks have gone against the trend to increase rapidly, which was supported by positive information from billion-dollar domestic oil and gas projects. One of the stocks that gained the most was PVS of PetroVietnam Technical Services Corporation (PVS). In the past month, the company's shares have increased by 21 per cent in market prices. Compared to the beginning of this year, this stock has increased by 35 per cent, currently trading at VND35,000 per share. In Q1, net revenue of PVS decreased slightly by 1.7 per cent to VND3.7 trillion. However, gross profit went up by 5.8 per cent thanks to the gross margin of Mechanical & Construction (M&C) segment. … [Read more...] about Oil companies see positive Q1, shares witness growth

New products launched by Lenovo in Viet Nam. The country remains a key market to the company in the region. — VNS Photo Thu Ngan Global technology company Lenovo Corporation has recently announced it will double research and development (R&D) investment in the medium term. Without revealing the exact investment for R&D in Viet Nam, Lenovo did confirm that the country has remained important to the company, and despite economic challenges, the company continues to increase investment in the market. Of the R&D activities, the company has recently unveiled many new laptops in the Vietnamese market, including a 2023 lineup of premium and gaming devices. From AI-powered enhancements to improvements toward overall sustainability, the eighth generation of Lenovo devices is packed with major upgrades from Gen 7 predecessors. “We know that consumers are embracing the hybrid lifestyle to transform the way they live, work and play,” said Woraphot Thavornwan, director of … [Read more...] about Lenovo to double R&D investment

Central Retail's representative at a convoy transporting Bac Giang lychee to their system. — Photo courtesy of Central Retail The Bac Giang People’s Committee and Central Retail Vietnam on Wednesday jointly organised a conference aimed at promoting the consumption of the province’s lychees in 2023. This event was organised in line with the cooperation agreement signed between Central Retail Vietnam and the Bac Giang People's Committee on May 16. During the conference, a representative from Central Retail Group shared their experiences in promoting lychee consumption and announced the signing of a cooperation agreement with cooperatives from Luc Ngan District. Additionally, they conducted a ribbon-cutting ceremony to mark the arrival of a convoy transporting lychee to their system, including GO!, Big C, Top Market and exports to Thailand. Nguyen Thi Bich Van, the Communication Director of Central Retail Vietnam, expressed her belief that this commitment would contribute to Viet … [Read more...] about Central Retail signs deals to consume Bac Giang lychees in its outlets

Bodhisattva Thich Quang Duc ’s self-immolation commemorated in HCM City. (Photo: VNA) HCM City (VNA) - A ceremony to commemorate Bodhisattva Thich Quang Duc, who set himself on fire 60 years ago to protest against the repression of Buddhists by the American-supported Saigon Government, was held at Viet Nam Quoc Tu pagoda in Ho Chi Minh City on June 7. At the ceremony (Photo: VNA) Most Venerable Thich Quang Duc was born as Lam Van Tuat in Van Khanh commune, Van Ninh district, the central province of Khanh Hoa in 1897. religious freedom and equality in the southern region when it was governed by the US-backed Saigon administration. self-immolation is a noble example of sacrifice and pure patriotism for the independence and unification of the country, the survival of the Buddhism and freedom of belief, sparking a sense of national solidarity among Buddhist sects across the country. VBS , and promote the patriotic tradition and the bonds between Buddhism and the … [Read more...] about Bodhisattva Thich Quang Duc’s self-immolation commemorated in HCM City

Nguyen Dinh Tung, CEO of OCB, revealed that last year the bank’s non-interest business segment was not so encouraging, yet they expect to see an increase in income from this segment this year. "Last year, the bank’s government bond trading business generated very little income, even catching losses at times, because of spiking interbank interest rates. Meanwhile, the bank remained cautious in corporate bond trading," said Tung, "As the government and banking sectors take measures to eliminate obstacles, we will be more proactive in the corporate bond market in the upcoming months." Meanwhile, Hanoi-based VPBank has emerged as one of the top performers in terms of non-interest income source generation. The net services income of the consolidated bank rose nearly 34 per cent on-year in the first quarter (Q1) of this year, with that of the parent bank showing a 44 per cent jump, driven by card-payment services and bancassurance. The bank carved out a spot in the top three … [Read more...] about Banks pin hopes on non-interest income sources