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BVBank The move, outlined in Decision No.1001/QD-NHNN issued by the SBV on May 26, states that the new English abbreviation for the bank will be BVBank, replacing its previous designation. The adoption of the new abbreviation is in line with the bank's objective of having a concise, easily recognisable, and memorable name. This change aims to enhance the convenience of communication between BVBank and its customers, aligning with its customer-centric approach encapsulated in its slogan Starting with YOU. By securing the approval of the SBV, BVBank has taken a significant step towards becoming more customer-oriented, as it seeks to provide improved products, services, and overall benefits to its clientele. Furthermore, the new name also boosts the bank's international identity, positioning it for greater recognition and presence in global markets. The update reflects its commitment to establishing a strong and cohesive brand image on the international stage. Looking … [Read more...] about BVBank builds stronger identity with new name

Since its establishment in Vietnam in 1992, Deutsche Bank has steadily forged a remarkable 30-year legacy of expansion and development, solidifying its position as a driving force propelling the ASEAN banking sector forward. Today, its presence in Vietnam remains instrumental, playing a pivotal role in the group's burgeoning influence across the vibrant Asia-Pacific region. It has witnessed a doubling of its revenue over the past two years. Deutsche Bank offers a wide range of corporate and investment banking solutions to multinational companies, domestic conglomerates, and financial institutions in Vietnam. This multifaceted spectrum of services encompasses asset management, foreign exchange, capital arrangement for businesses, and an array of advisory solutions. Since 2017, Deutsche Bank has successfully mobilised over $1 billion in annual funding, including loans and equity capital, for Vietnamese enterprises. The bank has also solidified its position by arranging capital and … [Read more...] about Deutsche Bank expands investment in Vietnam

Vice President Vo Thi Anh Xuan (R) and Nhem Valy, Permanent Vice Chairman and Secretary General of the National Council of the Solidarity for the Development of Cambodian Motherland. (Photo: VNA) Hanoi (VNA) – Vice President Vo Thi Anh Xuan hosted a reception for a delegation of the National Council of the Solidarity Front for the Development of Cambodian Motherland in Hanoi on May 30. Xuan congratulated Cambodia on its successful chairmanship of the Association of Southeast Asian Nations (ASEAN) and ASEAN Inter-Parliamentary Assembly ( AIPA ) in 2022, and its successful organisation of the 32nd Southeast Asian Games (SEA Games 32) in May. The Vice President expressed her hope that the neighbouring country will successfully organise its general election in July and the 12th ASEAN Para Games in June, thus contributing to raising its role and position in the region and the world, and building the ASEAN Community of peace, stability, solidarity and prosperity. The host … [Read more...] about Vice President receives Cambodian front delegation

Printer production at Canon Vietnam (Photo: hanoimoi.com.vn) Hanoi (VNA) – Amid the slowing down of the global investment flows, experts held that improving both quality and number of foreign investment projects is a heavy task for Vietnam, requiring great efforts from the Vietnamese Government to fulfil the “dual targets”. According to the Foreign Investment Agency under the Ministry of Planning and Investment (MPI), as of May 20, Vietnam had drawn 10.86 billion USD of foreign direct investment (FDI), down 7.3% year on year, including 5.26 billion USD of newly-registered capital, up 27.8%. Do Nhat Hoang, Director of the agency said that the increase in the amount of newly-registered capital in five months was higher than the 11% recorded in the first four months of this year. Meanwhile, the number of new projects in the five-month period also surged 66.4% year on year to 962 projects, showing foreign investors’ strong confidence in the investment environment of Vietnam … [Read more...] about Improving FDI quality, quantity crucial for Vietnam: Insiders

The results pushed the total retail sales of consumer goods and services in the first five months of this year to VND2.52 quadrillion ($107.2 billion), a year-on-year rise of 12.6%, the GSO reported. It underlined that the result in the first five months of this year was the highest recorded in the same period since 2015, representing a surge of 28.3% over the same time in 2019 before the Covid-19 pandemic broke out. Specifically, in the January-May period, revenue from retail sales of goods was estimated at VND1.99 trillion, up 10.7% year on year. Upturn was seen in sales of food and foodstuff (14.6%), garment and textile (11.1%), home appliances (4.8%), transport vehicle excluding automobiles (4.2%), and educational and cultural products (1.9%). Strong rise was seen in revenue from retail sales of goods in many localities, led by Bac Ninh with 19.6%, Binh Dinh 14.8%, Binh Duong 13.8%, Thanh Hoa 12.1%, and Hai Phong 10.6%. Meanwhile, revenue from accommodation and food … [Read more...] about Retail sales of consumer goods, services top $22B in May

Deputy Prime Minister Tran Hong Ha (R) receives visiting Lao Minister of Technology and Communications Boviengkham Vongdara. (Photo: VNA) Hanoi (VNA) – Deputy Prime Minister Tran Hong Ha received visiting Lao Minister of Technology and Communications Boviengkham Vongdara in Hanoi on May 29. Welcoming agreements signed between the Vietnam Academy of Science and Technology (VAST) and the Lao Ministry of Technology and Communications, Ha expressed his wish that the two sides will actively promote cooperation and technology transfer so that Vietnam and Laos can jointly implement digital and green transformation as soon as possible. With its potential for renewables such as hydroelectricity, wind power and solar power, Laos can become a centre of clean energy, he stated, adding that this is one of the factors that determine the level of attraction for investors in the future. Regarding digital transformation, the Deputy PM appreciated the results that the information and … [Read more...] about Vietnam, Laos promote technological cooperation, technology transfer

Nguyen Thi Tra My, CEO of The PAN Group. — Photo courtesy of the group Nguyen Thi Tra My, CEO of the PAN Group, said that the group targeted reducing emissions, especially greenhouse gas emissions as one of the key tasks in its sustainable development goals. Greenhouse gas emissions in Viet Nam have increased significantly in recent years due to economic development and population growth. Following the global trend, the Vietnamese Government has been taking measures to reduce greenhouse gas emissions and adapt to climate change. The Government's effort to reduce greenhouse gas emissions requires the participation of businesses and also puts them in a challenge called “sustainability”. Nguyen Thi Tra My shared about this challenge. In 2022, after COP 26, the Vietnamese Government issued Decree 06/2022/ND-CP and Decision 01/2022/TTg, requiring enterprises to carry out greenhouse gas Inventory and Inventory Verification; together with the greenhouse gas emission reduction plan … [Read more...] about Sustainability – a vital trend in modern agriculture: PAN’s CEO

The Vietnam Fatherland Front ’s 9th National Congress. (Photo: VNA) Hanoi (VNA) - Permanent member of the Party Central Committee's Secretariat Truong Thi Mai has signed a document on directing the organisation of Vietnam Fatherland Front (VFF)’s 10th National Congress in the 2024 – 2019 tenure, and the congresses of the VFF’s chambers at all levels. The document said in recent times, the VFF has continued to assert its position and role in protecting the legitimate rights and interests of the people. It focuses on promoting people's rights and mobilising their participation in patriotic movement s, engaging in social supervision and criticism, combating corruption and negative phenomena, and participating in building a clean and strong Party and political system. These efforts have contributed to strengthening the people's trust in the Party and harnessing the power of the great national solidarity bloc in the cause of national construction and defence. The upcoming … [Read more...] about Party Secretariat issues directive on organising Front ’s congresses

President Vo Van Thuong greets the revolution contributors from Vinh Long province in Hanoi on May 30. (Photo: VNA) Hanoi (VNA) – President Vo Van Thuong had a meeting with a delegation of 70 revolution contributors from the Mekong Delta province of Vinh Long in Hanoi on May 30. The Vinh Long delegates include war invalids, those used to be imprisoned by enemies or affected by Agent Orange/dioxin, martyrs’ relatives, and families of revolution contributors. Appreciating the Party, State, and society’s attention and assistance to revolution contributors nationwide, including those in Vinh Long, they said they have always stayed united and made efforts to improve their life, contribute to local and national development, and join hands with authorities in repatriating martyrs’ remains and building, upgrading monuments to martyrs. They pledged to uphold revolutionary traditions, set good examples, and educate younger generations on the traditions so that Vinh Long will … [Read more...] about State leader hails dedications by Vinh Long revolution contributors

The Vietnamese team won the third prize in the Huawei ICT Competition 2022-23. — Photo courtesy of Huawei The Vietnamese team won third prize after competing with 146 teams from 36 countries at the Huawei ICT Competition 2022-23 Global Final held in Shenzhen, China. Before the final, the team surpassed more than 120,000 students from more than 2,000 universities in 74 countries and territories around the world to take part in the final. Huawei ICT Competition 2022-23 was held for the seventh time, recording the most significant organisation scale ever. The students must go through many national and regional competitions, overcoming many competitors to participate in the Global Final. The Vietnamese team consists of three students, including Nguyen Quoc Hung (Posts and Telecommunications Institute of Technology - PTIT), Tran Duc Lam, and Vu Quang Hai (FPT University); with the guidance of Dr. Tran Tien Cong (Posts and Telecommunications Institute of Technology - PTIT) competed … [Read more...] about Vietnamese students won third prize in the Global Final of Huawei ICT Competition 2022-23