Bank track and field

At Te Giac Trang (White Rhino) oil field (Photo: VNA) Hanoi (VNA) - Te Giac Trang (White Rhino) oil field has officially reached a production milestone of 100 million barrels of crude . The field is situated in Block 16-1, about 100km southeast of the southern Vung Tau City. Its commercial development was announced in September 2009. The new milestone has turned its operator – the Hoang Long - Hoan Vu Joint Operating Company ( HLJOC ) - into one of the five oil companies on the Vietnamese continental shelf making such record. The HLJOC was established by Petro Vietnam Supervision Company (PVSC), SOCO Vietnam Ltd. (SOCO), Amerada Hess Vietnam Ltd. (HESS), and OPECO Vietnam Ltd. (OPECO). By now, the company’s total revenue has reached 8.3 billion USD, contributing more than 2.8 billion USD to the state budget./. VNA … [Read more...] about Te Giac Trang oil field reaches production milestone of 100 million barrels

At the meeting According to general statistics from the General Department of Vietnam Customs, in the first five months of 2022, approximately 206,110 tons of cashew kernels of all kinds were exported earning over US$1.19 billion in export turnover, down 7.81 percent in volume and 6.81 percent in value. However, the average export price was about $5,792 a ton, up 1.45 percent from the same period last year. Regarding imports in the first five months, enterprises imported about 968,000 tons of raw cashew nuts from abroad with a value of nearly $1.4 billion, down 35.24 percent in volume and down 37.84 percent in value over the same period in 2021. However, prices of imports from Africa increased by 15 percent-20 percent since the beginning of the season. More importantly, importers are tending to be slow to purchase raw materials due to many reasons but the most common is the price difference between imported raw cashew nuts and export kernel prices. The price of raw cashew … [Read more...] about Cashew exports down due to rising oil prices, epidemics, Russia Ukraine conflict

A priceless common asset of the two peoples Since Cambodia's revolutionary and armed forces were strong and capable enough to defend the country, Vietnam withdrew its volunteer troops and advisors in 1989 under the agreement between the two parties and states, successfully fulfilling the glorious international mission in the neighboring country. After the Paris Peace Agreement in 1991 and the General Election in 1993, the Vietnam-Cambodia relationship was lifted to a new stage in accordance with the actual situation in each country. With the motto of "good neighborliness, traditional friendship, comprehensive cooperation, long-term sustainability," Vietnam-Cambodia relations have been continuously consolidated and extensively developed in all fields, of which defense cooperation is an important pillar. The first Vietnam - Cambodia Border Defense Friendship Exchange held in May 2022 vividly manifested the contribution of defense cooperation to enhancing mutual understanding and … [Read more...] about Part 4: Towards a bright future

Dong Nai province currently has three enterprises investing in five projects in Cambodia. Since 2021, Dong Nai has provided 36 full-ride scholarships for Cambodian students. Every year, the province conducts meaningful activities to celebrate the Chol Chnam Thmay Festival for Cambodian students, among others. At the reception, Consul General Sok Dareth spoke highly of the investment efficiency of Dong Nai’s firms in Cambodia, hoping that the province will continue coordinating closely with Cambodia’s provinces in various fields, particularly agriculture, industry, culture, education, and promoting exchange programs among the two countries’ students and youths. The consul general asked Dong Nai province to enhance all-level delegation exchanges to further tighten the solidarity and friendship between Vietnam and Cambodia in the coming time. Translated by Quynh Oanh … [Read more...] about Dong Nai boosts cooperation with Cambodia’s provinces

Illustrative photo (Source: vneconomy.vn) Hanoi (VNA) – Enterprises are gradually switching to an electronic documentation system , underpinning the nation’s efforts to develop the digital economy . A survey conducted by the Ministry of Industry and Trade in 2021 revealed that at least 33% of the surveyed businesses use e-contracts in their commercial activities. The application not only helps firms and their customers be more efficient, but also contributes to reducing the impact of the COVID-19 pandemic and the gap in commercial transactions. The Bkav DX Platform has hosted e-contracts for more than 3 years. As a result, it helped companies save 70% of printing and delivery costs annually and shortened the process of providing products to customers by 50%. A representative of FPT Information System Company said that in Vietnam, the concept of e-contracts is no longer new. On the FPT.eContract – a signing platform between businesses and individuals – there are more … [Read more...] about Electronic documentation system fundamental to digital economy

She said that Vietnam and Hungary have shared a 72-year partnership and traditional cooperation in all fields including education-training, law and justice, culture, sports, and people-to-people exchanges. The diplomat noted that Hungary considers Vietnam an important partner in Southeast Asia, and the two countries lifted their ties to a comprehensive partnership in September 2018. The parliaments of the two countries have also kept a good relationship with regular meetings and exchanges at all levels, while showing close and effective cooperation and mutual support at multilateral parliamentarian forums, she said. According to Ambassador Thao, the Vietnamese top legislator's visit will be a chance for senior leaders of Vietnam and Hungary to reaffirm their political commitments in continuing to promote the bilateral partnership, contributing to the economic recovery and sustainable development after COVID-19 in each country, while strengthening collaboration in global issues … [Read more...] about N.A. Chairman’s visit to deepen ties with Hungary in post-pandemic period: Ambassador

An Indian businesswoman receives BRIA 2022 Vietnam Award (Photo: VNA) HCM City (VNA) – The India n Consulate General in Ho Chi Minh City, in collaboration with the Vietnam-India Friendship Association in the city, organised a people-to-people exchange meet on June 25. Consul General Madan Mohan Sethi said that the gathering is part of the activities in celebration of the 50th anniversary of the establishment of Vietnam-India diplomatic ties, with a hope to strengthen mutual understanding, and consolidate and develop the solidarity and friendship between the Indian people and people of Vietnam in general and Ho Chi Minh City in particular. He noted that potential for bilateral cooperation remains huge, especially in the fields of mutual interest such as economics, trade, culture, tourism, education and training. The diplomat committed to doing his best to connect economic and trade cooperation between the two countries’ businesses, promote cultural and … [Read more...] about India-Vietnam people-to-people exchange meet held in HCM City