Basel iii

Nguyen Quoc Hung, vice president and secretary-general of the Vietnam Banking Association, stressed the paramount importance of risk management in the banking sector to mitigate latent risks at last week’s ASEAN banking seminar. Stronger risk management imperative, illustration photo/ Source: freepik.com “Recent crises, including the collapse of Silicon Valley Bank and Signature in the United States, significant interest rate reductions by Chinese banks due to bad real estate debts, and the shutting down of prominent global investment bank Credit Suisse, have shed light on the weaknesses in banking risk management. This underscores an urgent need to establish and operate more effective risk management systems, including in Vietnam,” Hung said. In addition, Vietnam’s banks are confronting traditional risks and those stemming from digital transformation, such as cyberattacks, system freezes, and personal data breaches, which could have severe implications for a bank’s … [Read more...] about Stronger risk management imperative

"In marking the first anniversary of Her late Majesty's death and my Accession, we recall with great affection her long life, devoted service and all she meant to so many of us," he said. "I am deeply grateful, too, for the love and support that has been shown to my wife and myself during this year as we do our utmost to be of service to you all." Queen Elizabeth II was Britain's longest-serving monarch, on the throne for 70 years. She died aged 96 on September 8 last year after a period of declining health. Charles, 74, is currently at the royal family's sprawling Balmoral estate in the Scottish Highlands and is not expected to make any public appearances. U.K. Prime Minister Rishi Sunak also paid tribute to the late queen, whose long reign came to symbolize Britain's post-war history and values. "People across the U.K. - whether they had the good fortune to meet Her late Majesty or not - will be reflecting today on what she meant to them and the example she set for us all," … [Read more...] about King Charles III thanks public year after mother’s death

During the visit, Vietnamese and Singaporean prime ministers are scheduled to attend the ground-breaking of some Vietnam-Singapore Industrial Parks. Singapore’s Prime Minister Lee Hsien Loong today [August 27] arrived in Hanoi to begin a three-day visit to Vietnam, where Singaporean investors are pouring US$73.4 billion. Singapore’s Prime Minister Lee Hsien Loong arrives at Noi Bai International Airport, Hanoi on Sunday afternoon [August 27]. Photo: VNA Economic ties are believed to dominate the agenda between Vietnam’s Prime Minister Pham Minh Chinh and his Singaporean counterpart. The Vietnam-Singapore Industrial Parks (VSIPs) symbolize the tightened partnership between the two ASEAN countries, which celebrate this year the 50th anniversary of establishing diplomatic ties and 10 years of Strategic Partnership. There are 14 VSIPs operating in 10 cities and provinces across Vietnam, accommodating nearly 870 projects with a total investment of $18.7 … [Read more...] about Singaporean PM arrives in Hanoi, economic ties top agenda

A view of Hoàng Mai Town, Nghệ An Province, home to the Quỳnh Lập LNG power project. — Photo baonghean.vn Nghệ An Provincial People's Committee requires relevant departments, branches, localities and agencies to strictly implement assigned tasks to ensure quality and development progress of the Quỳnh Lập l iquefied-natural-gas (LNG) power project. According to permanent vice chairman of Nghệ An Province People's Committee Lê Hồng Vinh, Quỳnh Lập LNG power project in Hoàng Mai Town is one of the important power projects of prioritised investment approved by the Prime Minister. Those projects are developed to ensure electricity supply for the economy and promote the transition to green power. Nghệ An will have a monthly report to the Ministry of Industry and Trade on the development process of this project and also proposals to promote the development of this project. The Quỳnh Lập LNG power project was initially planned as a thermal plant. In the National Power … [Read more...] about Nghệ An promotes development of Quỳnh Lập LNG power project

Indonesia’s Minister of Foreign Affairs Retno Marsudi (second, from right) speaks at a media gathering. (Photo: 43rd ASEAN Summit Communication and Media Team) Jakarta (VNA) – Indonesia’s Minister of Foreign Affairs Retno Marsudi on August 28 revealed four main pillars of his country’s Chairmanship in the 43rd ASEAN Summit and related meeting slated from September 5-7. In her statement after inspecting the readiness of the 43rd ASEAN Summit’s Media Centre in Jakarta, the minister said that first and foremost, it is important to uphold the long-term vision of the region. She added that the vision must be carried out considering that it is vital to serve as guidance and ensure the future of ASEAN. ASEAN adopted the ASEAN Declaration of Concord I in 1976, the Declaration of ASEAN Concord II in 2003, and the Declaration of ASEAN Concord III in 2011, and negotiations are still ongoing to ratify the Declaration of ASEAN Concord IV as the foundation for ASEAN Vision 2045 at the … [Read more...] about 43rd ASEAN Summit to focus on four main pillars

A view of Hoang Mai township, Nghe An province, home to Quynh Lap LNG power project. (Photo: baonghean.vn) Nghe An (VNS/VNA) - The People's Committee of central Nghe An province has requested relevant departments, branches, localities and agencies to strictly implement assigned tasks to ensure quality and development progress of Quynh Lap liquefied-natural-gas (LNG)-fueled power project. According to Permanent Vice Chairman of the provincial People's Committee Le Hong Vinh, the Quynh Lap LNG -fueled power project in Hoang Mai township is one of the important power projects of prioritised investment approved by the Prime Minister. Those projects are developed to ensure electricity supply for the economy and promote the transition to green power. Nghe An will have a monthly report to the Ministry of Industry and Trade on the development process of this project and also proposals to promote the development of this project. The Quynh Lap LNG power project was initially … [Read more...] about Nghe An promotes development of Quynh Lap LNG-fueled power project

The C-17 military transport aircraft, numbered 33126, touched down at the capital city's airport at 3:55 p.m. on Friday. This is the first cargo flight serving President Joe Biden's visit to Vietnam, which has been scheduled for Sept. 10-11. The C-17 moves into the cargo loading and unloading area at Noi Bai international airport. The C-17 Globemaster III is a heavyweight military aircraft developed by Berkeley-based aerospace manufacturing firm McDonnell Douglas at the end of the 1980s for strategic and tactical transportation, capable of carrying weapons and soldiers to any location in the world. Each aircraft is 53 m long. After 30 years of service, the C-17 Globemaster III is considered the backbone of American military transportation as well as the go-to vehicle for its leaders during foreign visits. This is not the first time Noi Bai has ever received C-17. Aircraft of this class landed at the airport … [Read more...] about Military aircraft delivers supplies for Biden’s Vietnam visit

A Boeing C-17 Globemaster III plane carrying supplies and vehicles for U.S. President Joe Biden's upcoming two-day visit to Vietnam landed at Noi Bai International Airport in Hanoi on Friday afternoon. The C-17 military transport aircraft, belonging to the U.S. Air Force, carried out the first of several logistics flights from the U.S. to Vietnam in preparation for President Biden’s Vietnam visit slated on September 10-11 at the invitation of Vietnamese Party Secretary Nguyen Phu Trong. The plane, numbered 33126, brought a number of specialized cars and wrapped packages to Hanoi and left the airport two hours ago after these items were unloaded. Another C-17 was slated to touch down at the airport on Friday evening, and some other logistics flights are set to arrive in Hanoi on September 4 and 5, all for serving the U.S. president’s trip. The C-17 Globemaster III is a heavyweight military aircraft developed by Berkeley-based aerospace manufacturing firm McDonnell Douglas at … [Read more...] about Aircraft serving US President Biden’s Vietnam visit arrives in Hanoi

The fourth aircraft landed at 9:30 a.m. and the fifth 10 a.m. They were all parked at the hangars to unload for a couple hours. The sixth C-17 is set to arrive at 4 p.m. On Sep. 1, three C-17s carrying U.S. presidential vehicles and other equipment arrived in Hanoi. Two Boeing C-17 Globemaster III transport aircraft are seen at Noi Bai International Airport in Hanoi on Sept. 3, 2023. Photo by VnExpress/Giang Huy The C-17 Globemaster III is a heavyweight military aircraft developed by Berkeley-based aerospace manufacturing firm McDonnell Douglas at the end of the 1980s for strategic and tactical transportation, capable of carrying weapons and soldiers to any location in the world. Each C-17 is 53 meters long. U.S. President Joe Biden is scheduled to visit Vietnam on Sept. 10 and 11 upon the invitation of General Party Secretary Nguyen Phu Trong. Vietnam's Foreign Affairs Ministry spokeswoman Pham Thu Hang confirmed the visit schedule in a statement on … [Read more...] about More US aircraft arrive in Hanoi ahead of Biden’s visit

Two Boeing C-17 Globemaster III heavyweight military aircraft carrying supplies serving U.S. President Joe Biden's upcoming two-day visit to Vietnam landed at Noi Bai International Airport in Hanoi on Sunday morning. They were the fourth and fifth logistics flights from the U.S. to Vietnam in preparation for President Biden’s Vietnam visit slated for September 10 and 11 at the invitation of Vietnamese Party General Secretary Nguyen Phu Trong. Another flight is set to arrive in Hanoi at 4:00 pm on Sunday. On Friday, three C-17 flights touched down at the Vietnamese airport , carrying equipment and specialized cars for the U.S. president’s trip to the Southeast Asian country. Two C-17 Globemaster III heavyweight military aircraft land at Noi Bai International Airport in Hanoi, September 3, 2023. These aircraft are used to transport all necessary supplies for American presidents’ overseas trips. The appearance of C-17 aircraft in a country signals a visit by the U.S. … [Read more...] about 2 more aircraft transport supplies serving US President Biden’s visit to Hanoi