Anti corruption due diligence on third parties

Vietnam is said to have been avoiding the usual recessionary trends across the Asian markets and is showing better-than-average growth. (Photo: VNA) New Delhi (VNA) – An Indian expert has highly valued Vietnam’s post-pandemic recovery in an article recently published on Moderndiplomacy.eu. In the writing, titled “Vietnam’s macroeconomic policy and post COVID recovery”, Prof. Pankaj Jha, Director of the Centre for Security studies at India’s Jindal School of International Affairs, cited the latest IMF reports as saying that Vietnam's real gross domestic product ( GDP ) in 2023 is estimated at 6.2%, and this clearly indicates Vietnam has been avoiding the usual recessionary trends across the Asian markets and is showing better-than-average growth. He noted with an inflation rate of less than 4%, it clearly shows that Vietnam is likely to emerge as a promising economy in Asia. If one looks into the core fundamentals of Vietnam following the COVID-19 pandemic, it … [Read more...] about Vietnam showing better-than-average growth: Indian expert

Fishing vessels of Bac Lieu province dock at Ganh Hao Estuary in Dong Hai district. (Photo: VNA) Bac Lieu (VNA) – The Mekong Delta province of Bac Lieu is determined to join the entire Vietnam in combating illegal, unreported, and unregulated (IUU) fishing and sustainably developing the fisheries sector for the sake of people and the country, Chairman of its People’s Committee Pham Van Thieu has said. With an annual catch of about 120,000 tonnes of seafood, Bac Lieu identifies fisheries as a key sector. Given this, it has been ramping up the fight against IUU fishing and obtained many encouraging results. Notably, it hasn’t recorded any fishing vessels infringing foreign waters since 2022. To achieve such results, the province has engaged the entire political system in taking measures against IUU fishing to help remove the European Commission (EC)’s “yellow card” warning. The provincial Department of Agriculture and Rural Development has coordinated with other … [Read more...] about Bac Lieu resolved to combat IUU fishing, sustainably develop fisheries

The sons of Hanoi held their heads high and persevered in the cause of national liberation in the face of brutality and harassment. The lethal and brutal treatment and torture in Phu Quoc jail could not weaken the determination of the sons of Hanoi to survive and fight for the freedom and independence of their homeland. Former Hanoi imprisoned veterans attend a ceremony on March 22 that honors their sacrifices for national unity and liberation. Photo: Thanh Hai/The Hanoi Times Phu Quoc Prison was built in 1949-1950 under French colonial rule to detain political dissidents and national patriots. From 1963 to 1973, more than 40,000 Vietnamese patriots, soldiers, and communist activists who fought for the liberation of their country were incarcerated in the prison, which was run by the South Vietnamese regime. Located some 90 kilometers from the Vietnamese mainland, Phu Quoc prison was the site of the deaths of some 4,000 people who gave their lives in the … [Read more...] about Hanoi patriots recount memories of captivity

Vietnam has always considered the people as the driving force of the country's development process and is committed to improving the lives and ensuring the rights of all its citizens, leaving no one behind. During a press conference today [March 23], a journalist raised questions about the 2022 U.S. Human Rights Watch report, which accuses several Asian countries, including Vietnam, of grave and systematic human rights violations. Deputy Spokesperson of the Ministry of Foreign Affairs Pham Thu Hang. Source: MoFA Foreign Ministry spokesperson Pham Thu Hang shared Vietnam's perspective on the issue, saying that protecting and promoting human rights is a consistent policy of Vietnam. "Vietnam has always considered the people as the driving force of the country's development process and is committed to improving the lives and ensuring the rights of all citizens, leaving no one behind," Hang said. Hang added that basic human rights were enshrined in Vietnam's … [Read more...] about US human rights report gives one-sided evaluations of Vietnam: MOFA

At the event, Mr. Nghia emphasized the important role of Vietnamese representative agencies abroad, adding that they are the front-line force undertaking external information duty in foreign countries and the fastest and most efficient channel in transmitting domestic information to international friends and overseas Vietnamese communities. Given the complicated developments of regional and global situations and the new requirement in ideology, dissemination, and external information work in the new situation, Mr. Nghia asked newly-appointed ambassadors and consuls general to thoroughly grasp and follow the views, policies and guidelines of the Party and State on foreign policy and external information. He also requested them to proactively provide information, give recommendations on foreign policy, guideline, and information; continue to promote their role as an official, direct and responsive information channel, protecting the ideological foundation of the Party and State. In … [Read more...] about Vietnamese representative offices abroad urged to boost external information work

At the meeting on March 21, the RoK N.A. speaker noted that the relations between Vietnam and the RoK have been developing strongly, highlighting the elevation of bilateral ties to a comprehensive strategic partnership in December 2022. He stressed that during his meetings with key leaders of the Vietnamese Party, Government and National Assembly during his visit to Vietnam last January, he noticed that both sides have been aware of the great potential of bilateral cooperation. Kim extended an invitation to N.A. Chairman Vuong Dinh Hue and legislators of Vietnam to attend a forum for ASEAN and Korean leaders, slated for June in the RoK’s Jeju Island. For his part, Hai affirmed that Vietnam attaches importance to the relations with the RoK and suggested the two sides maintain all-level delegation exchanges and meetings, saying coordination and sharing of views on the bilateral cooperation as well as the regional and international situation would help deepen relations between their … [Read more...] about N.A. Vice Chairman visits RoK, meets host leaders

A view of Bach Long Vy district from above. (Photo: VNA) Hai Phong (VNA) – Bach Long Vy, Vietnam’s most remote island in the Gulf of Tonkin, about 110km from the northern port city of Hai Phong 's mainland, has been given a facelift following its 30 years of development . The island has a special strategic position in terms of national defense , security and maritime economy. On November 18, 1992, the Prime Minister signed a decision to establish it as a district of Hai Phong. In March 1993, the first contingent of temporary district officials left the mainland to the island to perform their duty. Back then, the island was deserted without civil infrastructure facilities. Life there was hard and heavily depended on the mainland. Secretary of the district’s Party Committee Tran Quang Tuong said with the attention of the Party and the State, the local authorities and people have overcome myriad difficulties to develop the locality. According to him, an … [Read more...] about Bach Long Vy island sees outstanding developments in three decades

A street in Bangkok capital of Thailand. (Photo: AP) Bangkok (VNA) - Election campaigns are forecast to generate up to 120 billion THB (3.5 billion USD) for the economy of Thailand, said the Centre for Economic and Business Forecasting at the University of the Thai Chamber of Commerce . The centre’s director Thanawat Polvichai said political parties are going into full gear with campaigning for votes after the election date was set for May 14 by the Election Commission. The 120 billion THB generated while campaigning will push Thailand ’s GDP up by 4% in the second quarter, he said, adding that the Thai economy is expected to grow by 3-4% this year. However, rising production costs and inflation can affect the business sector’s profits and liquidity though the economy is believed to pick up in the second half of this year, according to Thanawat./. VNA … [Read more...] about Election campaigns may create 3.5 billion USD for Thai economy

Over the past 35 years of development, the Vietnam Bank for Agriculture and Rural Development, better known as Agribank, always proves its position and role as a leading commercial bank in Vietnam. It has pioneered monetary policies, contributing to stabilizing the macro-economy, curbing inflation and supporting the country’s economic growth. The bank has cemented its key role in developing the agriculture sector and rural areas and offering credit and services to serve the country’s socio-economic development. Agribank was proud to receive the Vietnam National Brand award for the third consecutive year in 2022 and was among the top 10 Vietnamese strong banking and financial brands the same year. The lender has obtained impressive achievements in digital and green transformation and made substantial contributions to community development. Despite the negative impact of the COVID-19 pandemic, Agribank, with its initiative and flexibility, has employed multiple … [Read more...] about Vietnam’s Agribank wins many local prestigious prizes

A Coca Cola factory in Viet Nam. The beverage giant was among companies joining the mission. — Photo nld.com.vn Senior executives from 52 US companies in the 'biggest-ever' US business mission to Viet Nam are discussing investment and sales opportunities in the country. Chairman of the US-ASEAN Business Council (USABC) Ted Osius said the council was never as busy as it is now. Its services are in high demand because many US companies show great interest in the country. He also said USABC representatives from other countries told him that they must act quickly because they were competing with Viet Nam. That was a way of saying Viet Nam has become a destination for growth and opportunities. Rafael Frankel, Director of Public Policy at Meta, said the trip was the second time he had been to Viet Nam since the outbreak of the COVID-19 pandemic. He appreciates the diligence of the Vietnamese workforce and sees a bright prospect for growth in the country. As such, he revealed the … [Read more...] about US companies upbeat on investment opportunities in Viet Nam