Arria formula meeting security council

Prime Minister Pham Minh Chinh expressed his belief that the ambassador will contribute to improved bilateral relations, adding that the Vietnamese government will order relevant agencies to coordinate with and assist the diplomat to fulfill his duties. Implementing the foreign policy of independence, self-reliance, diversification, and multilateralization of external relations, and being a good friend, trustworthy partner, and responsible member of the international community, Vietnam wishes to intensify cooperation with Middle Eastern countries, of which Saudi Arabia is a major and influential nation, Prime Minister Pham Minh Chinh noted. Ambassador Mohammed Ismaeil A. Dahlwy highlighted the increasingly enhanced relations between the two countries, saying he hopes bilateral ties will continue to be promoted more strongly. Prime Minister Pham Minh Chinh and the Saudi Arabian Ambassador applauded the progress in cooperation in recent times. Saudi Arabia is now one of its leading … [Read more...] about Prime Minister Pham Minh Chinh receives Saudi Arabian ambassador

In 2008, the US investment bank Bear Stearns, on the verge of collapse, had to be rescued by J.P. Morgan. This marked the beginning of the global financial crisis of 2008, which sent the global economy into a deep recession and caused significant economic damage, including massive employment losses. Patrick Lenain, senior associate at the Council on Economic Policies Today, several banks are once again in trouble. As of March 22, four large banks were in distress. Silicon Valley Bank (SVB), a $212 billion US bank specialising in tech startups, collapsed when it was unable to meet deposit withdrawal requests and had to be taken over by federal regulators. A few days later, Signature Bank, another midsized US bank with assets of $110 billion, also suffered a severe liquidity crisis and was seized by federal regulators. This was followed by First Republic Bank with assets of $205 billion, which was hit by rating downgrades and a tumbling share price and had to be … [Read more...] about Developments for Vietnam to watch in midst of bank crisis

Prime Minister Pham Minh Chinh received Ambassador of Saudi Arabia to Vietnam Mohammed Ismaeil A. Dahlwy in Hanoi on March 29, highly valuing his guest’s activeness in helping strengthen friendship and cooperation. Prime Minister Pham Minh Chinh (R) and Ambassador of Saudi Arabia to Vietnam Mohammed Ismaeil A. Dahlwy (Photo: VNA) The PM expressed his belief that the ambassador will contribute to improved bilateral relations, adding that the Vietnamese Government will order relevant agencies to coordinate with and assist the diplomat to fulfil his duties. Implementing the foreign policy of independence, self-reliance, diversification, and multilateralisation of external relations, and being a good friend, trustworthy partner, and responsible member of the international community, Vietnam wishes to intensify cooperation with Middle Eastern countries, of which Saudi Arabia is a major and influential nation, PM Chinh noted. Ambassador Mohammed Ismaeil A. Dahlwy … [Read more...] about PM Pham Minh Chinh receives Saudi Arabian ambassador

On March 28, an official welcoming ceremony was held for the Vietnamese Defense Minister and the delegation with 19 series of cannon shots at the RoK Defense Ministry’s headquarters. After the reception, the two defense ministers held talks. The RoK defense minister warmly welcomed his Vietnamese counterpart and military delegation, while highly appreciating the sound relations between the two countries over the past time, especially the increasingly intensive and effective defense relations. Gen. Giang thanked the host for his warm reception, expressing his pleasure to pay an official visit to the RoK as the two countries have just upgraded their relations to a comprehensive strategic partnership. He hoped that the visit would help concretize the two countries' partnership in defense, actively contributing to the bilateral relationship. At the talks, the two ministers discussed regional issues of mutual concern. Gen. Giang noted that peace, cooperation and development are still … [Read more...] about Defense Minister Phan Van Giang holds talks with RoK counterpart

The relaxation of visa requirements is an urgent necessity for the attraction of more tourists and the recovery of Vietnam's tourism industry. The Government of Vietnam is seeking approval from the National Assembly to issue electronic visas to citizens of all countries and territories. International tourists on the way to the sandy beach in the southern province of Khanh Hoa's Cam Ranh Coastal City. Photo: Trung Vu/ The Hanoi Times Accordingly, Vietnam would extend visa validity from 30 to less than 90 days for single or multiple entries and stay from 15 to 45 days for foreign visitors from Vietnam's Visa Waiver Program countries and territories. The measure is seen as a boost for the development of Vietnam's "smokeless industry", which will enhance the competitiveness of national tourism in Southeast Asia. The country reinstated the visa waiver policy for citizens of 24 countries after three years of border closures due to Covid-19. Despite being one … [Read more...] about Vietnam considers issuing e-visas to citizens of all countries and territories

Nalin Wickramasingher, Powerledger's BD and Sales Executive, and Le Thi Phuong Cam (L), EVNCPC's Deputy General Director, announced the partnership. (Photo courtesy of Powerledger) Hanoi (VNS/VNA) - Australian energy trading technology company, Powerledger, on March 28 announced it’s partnering with Vietnam Electricity Central Power Corporation (EVNCPC) to launch Vietnam's first peer-to-peer (P2P) energy trading project at the Australia-Vietnam Forum on Energy Transition. The initial 6-month trial will see Powerledger’s technology used by so-called “prosumers” with rooftop solar in central Da Nang city and Quang Nam province to sell electricity directly to consumers. “This project is a major step for Vietnam. It will showcase how, with the right technology, issues of intermittency and grid congestion can be overcome whilst still growing renewables. Everyone on both sides of the partnership is looking forward to the results,” said Powerledger Chairman Dr Jemma Green. … [Read more...] about Vietnam’s first blockchain peer-to-peer energy trading project launched

A corner of Hai Phong (Photo: haiphong.gov.vn) Hai Phong (VNA) – The northern port city of Hai Phong continued ranking among the top localities in attracting foreign direct investment (FDI) in the first quarter of 2023. As of March 22, the city had lured 385.08 million USD in FDI, equal to 78.89% of the figure in the same period last year, and 17.91% of the yearly plan. To date, industrial and economic parks in Hai Phong have attracted 468 FDI projects totaling 23.3 billion USD, and 202 domestic-invested projects with combined capital of 296.59 trillion VND (12.6 billion USD). These figures are the results of continuous efforts and drastic actions by the city’s leaders, as well as relevant sectors and units, particularly the Hai Phong Economic Zone Authority (HEZA). Dialogues with investors and contractors have been held regularly by the authority to help them deal with difficulties and obstacles in production and business activities and to strengthen security and … [Read more...] about Hai Phong ranks among top localities in FDI attraction