The Vietnamese delegation, led by General Ngo Xuan Lich, member of the Politburo, Deputy Secretary of the Central Military Commission, Minister of National Defense, attended the conference. The conference focused on global and regional security issues, counter-terrorism, security in Europe and the Middle East, the situation in the Asia Pacific region, and the role of multilateral cooperation mechanisms in dealing with challenges. Russian President Vladimir Putin sent to the conference a message, which was read by Nikolai Patrushev, Secretary of the Security Council of Russia, at the opening ceremony of the conference. In his opening remarks, General Sergei Shoigu, Russian Minister of Defense, reviewed issues in Russia’s relations with NATO, countries inside and outside the region, and traditional partners in Asia Pacific. He stressed that Russia’s strategic partnership with China, India, Vietnam, Laos, and Myanmar is practical, and Russia is promoting partnership with Brunei, … [Read more...] about Seventh Moscow Conference on International Security opens
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Vietnam’s role and responsibility reaffirmed
The People’s Army Newspaper would like to present an interview with Lieutenant General Vu Chien Thang, Director of the Department of Foreign Relations under the Ministry of National Defense, on the visit of the Vietnamese delegation to Moscow on this occasion. Reporter: Could you please tell us about the goal and significance of the participation of the Vietnamese high-ranking military delegation in the seventh Moscow Conference on International Security? Lieutenant General Vu Chien Thang: The Vietnamese high-ranking military delegation led by General Ngo Xuan Lich is participating in the conference in the context that the Vietnam-Russia comprehensive strategic partnership in general, and the bilateral defense ties in particular, have been developing dynamically and effectively. The Moscow Conference on International Security, the proven prestigious and important forum for discussion of global security issues, has contributed to promoting peace, stability and security in the … [Read more...] about Vietnam’s role and responsibility reaffirmed
Banks should tighten assessment controls of their corporate bonds investments – experts
Piles of VND100.000 bank notes. — EastAsia forum/VNA Photo Banks must tighten their assessment controls of corporate bond investments to avoid excessive risk and the misuse of funds raised by firms, experts said. In early April, the Banking Supervision Agency, under the State Bank of Vietnam (SBV) conducted an inspection of corporate bond investment activities at seven banks, while the Ministry of Finance inspected one bank. According to the SBV, by the end of 2021, there are 41 credit institutions holding VND274 trillion (US$11.7 billion) of corporate bonds, of which more than 75 per cent of them are held by ten major banks - Techcombank, MBBank, VPBank, TPBank, BIDV, Vietcombank, VietinBank, HDBank, ABBank and SeABank. At some banks, the value of corporate bonds exceeds 10 per cent of total assets. Although the inspection results were not published, a SBV senior leader said in an interview with Vietnam Investment Review that a number of credit institutions failed to … [Read more...] about Banks should tighten assessment controls of their corporate bonds investments – experts
Vietnam keen on Israel’s experience in fields of strength
Pesident Nguyen Xuan Phuc (R) and former Prime Minister of Israel Ehud Barak (Photro: VNA) During a reception for former Prime Minister of Israel Ehud Barak in Hanoi on August 17, Phuc said as a partner with friendship and comprehensive partnership, including in national defence-security, Israel has become an important partner of Vietnam. Vietnam wishes to learn from Israel’s experience in choosing and training talents to build a strong country, he said. He suggested the two countries regularly maintain high-level visits and offer mutual support at international forums and organisations. With two-way trade of US$1.14 billion in the first half of this year, up 55 percent, the two countries need to further work on this field, he said. As Vietnam is performing the policy of building a sustainable digital society by 2025, with a vision to 2030, the country wants to learn from Israel’s experience in ensuring security and national sovereignty over cyberspace, he said. The host … [Read more...] about Vietnam keen on Israel’s experience in fields of strength
Cultural industry renewable and vibrant under digital plan
Digital platforms enable greater connection with diverse audiences and higher awareness of less-known aspects of culture. (Photo: Artist Nguyen The Son) New investment models for the cultural arts will be the key to open up development opportunities for Vietnam’s creative industry in the international market. Cooperation needed to create inspiration sources In recent years, after the COVID-19 pandemic broke out, the digitization of cultural and artistic works in Vietnam has made a lot of progress. Professor Julia Gaimster, Dean of the Faculty of Communication and Design, RMIT University, hailed that as an outstanding achievement after five years of implementing the Prime Minister's Strategy for Cultural Industry Development. The substantial inclusion of digital cultural content can help attract domestic audiences and introduce contemporary images of Vietnamese culture to international audiences. Building a digital culture In 2019, Hanoi people were surprised to see on … [Read more...] about Cultural industry renewable and vibrant under digital plan