Business finance promotion agency

Truong Hung Long, director of the Department of Debt Management and External Finance under the Ministry of Finance. Improving the national credit rating is implemented with a long-term vision to reduce the cost of capital mobilisation, enhance the country's reputation, and meet the needs of socio-economic development in the future. Truong Hung Long, director of the Department of Debt Management and External Finance under the Ministry of Finance, spoke with Vietnam News Agency about the issues. The Prime Minister has just approved a project to improve the national credit rating by 2030. The Department of Debt Management and External Finance is assigned to develop and implement the project. What will the department do to fulfil this task? The Government issued Decision 304/QD-TTg on February 6, 2013 to approve a project on improving the national credit rating. That created favourable conditions for the Government in accessing the international capital market. It is also a way … [Read more...] about Viet Nam promotes solutions to improve national credit rating

The partnership with the world’s advanced economies will help Vietnam address financial problems to pursue the low-carbon strategy. Vietnam is seeking a partnership with G7 countries including Canada, France, Germany, Italy, Japan, the UK, and the US, in energy transition amid efforts to achieve net-zero transmissions by 2050. The country has requested the United Nations Development Program (UNDP) to support it in establishing an agreement with the organization of the world’s largest so-called “advanced” economies to seek their financial support. Vietnam's Prime Minister Pham Minh Chinh (L) and UNDP Administrator Achim Steiner in New York on May 16. Photos: VGP Prime Minister Pham Minh Chinh expressed his hope at the meeting with UNDP Administrator Achim Steiner in New York on May 16. Vietnam also needs UNDP assistance in building a strategy to mobilize climate finance from development partners for the low-carbon journey from now until 2050, which is … [Read more...] about Vietnam seeks climate finance from G7

Foreign resources are key for Vietnam in the process of building an independent and self-reliant economy. Vietnam would continue to open doors for foreign investors in new fields of the stock market, energy transition, digitalization, healthcare, and pharmacy. Overview of the meeting. Source: VGP Prime Minister Pham Minh Chinh gave the view during a meeting with major corporations and venture capital listed on the New York Stock Exchange (NYSE) on May 16. “Vietnam is striving to build an independent and self-reliant economy, focusing on global integration with foreign resources as a key driver,” Chinh said. In this regard, Chinh noted the Vietnamese Government is putting in place measures to ensure a transparent, healthy, and competitive business environment for both local and foreign businesses. “We expect to gain trust and confidence from businesses for Vietnam’s economy, instead of causing concern and troublesome,” he added. Amid the ongoing … [Read more...] about Vietnam opens doors for foreign investors in new business fields: PM

Hanoi, (VNA) – The following is a brief review of the day’s events as reported by the Vietnam News Agency on May 13. -President Nguyen Xuan Phuc hosted visiting Secretary of the Lao People’s Revolutionary Party (LPRP)’s Central Committee and President of the Lao People’s Supreme Court Viengthong Siphandone in Hanoi on May 13. President Phuc affirmed that the Party, State and people of Vietnam always attach great importance to preserving and developing the special Vietnam-Laos ties, including the cooperation between the two Supreme People’s Courts. Read full story - Prime Minister Pham Minh Chinh and leaders of other ASEAN countries had a working lunch with US lawmakers in Washington D.C. on May 12 (local times), ahead of the ASEAN-US Special Summit. Participants discussed issues related to cooperation in trade, investment, people-to-people exchange, science-technology, renewable energy development, and the response to security challenges in the region and the world. Read … [Read more...] about ☕ Afternoon briefing on May 13

Prime Minister Phạm Minh Chính has a meeting with US Special Presidential Envoy for Climate John Kerry in Boston on May 14 (US time). — VNA/VNS Photo Dương Giang HÀ NỘI — Prime Minister Phạm Minh Chính met with US Special Presidential Envoy for Climate John Kerry in Boston on May 14 (local time) as part of his working trip to the US. PM Chính highlighted Kerry’s heartfelt sentiments towards the country and people of Việt Nam, as well as his responsibility and enduring contributions to Việt Nam-US relations over the past years. He also praised Kerry for his role in building the two-Party consensus in the US in supporting the relationship with Việt Nam, especially the settlement of war consequences – part of the process of reconciliation and trust-building between the people of the two countries. Việt Nam consistently pursues a foreign policy of independence, self-reliance, peace, friendship, cooperation, development, multilateralisation and diversification of relations, and … [Read more...] about US climate envoy Kerry pledges to assist Việt Nam with energy transition, climate change

Prime Minister Phạm Minh Chính held a meeting with UN Deputy Secretary-General Amina J. Mohammed in New York on May 16 (local time). — VNA/VNS Photo Dương Giang HÀ NỘI — Việt Nam will continue bringing into play its role and making more active and constructive contributions to the common work of the United Nations in all the three pillars – security-politics, development and human rights, Prime Minister Phạm Minh Chính has said. At a meeting with UN Deputy Secretary-General Amina J. Mohammed in New York on May 16 (local time), the PM stressed that the year 2022 is of great significance as it marks the 45th anniversary of Việt Nam’s UN membership. Appreciating the UN’s valuable contributions and support to Việt Nam over more than four decades, the PM asked Amina to convey his invitation to Secretary-General Antonio Guterres and other UN leaders to visit Việt Nam this year to foster multi-faceted cooperation between the two sides. Chính reiterated Việt Nam’s strong commitments … [Read more...] about Việt Nam to play more active role at UN: PM

Prime Minister Phạm Minh Chính with United Nations Development Programme Administrator Achim Steiner in New York on May 16. — VNA/VNS Photo Dương Giang NEW YORK — Prime Minister Phạm Minh Chính has asked for the United Nations Development Programme (UNDP)’s help in achieving carbon emission neutrality by 2050. He was speaking during a meeting with Administrator Achim Steiner in New York on May 16 (local time) as part of his working trip to the US. PM Chính said he highly valued the important role, strategic direction and current leadership of UNDP in promoting the implementation of the 2030 Agenda for Sustainable Development and its 17 Sustainable Development Goals (SDG). He thanked the UNDP for the consistent support for Việt Nam in reconstruction, nation building and socio-economic development processes over the past 50 years. PM Chính welcomed and highly appreciated the UN-Energy Plan of Action which Achim Steiner personally served as Co-Chair, with the aim of supporting … [Read more...] about UNDP will assist Việt Nam in achieving carbon neutrality by 2050: Administrator

NA Chairman Vuong Dinh Hue (left ) meets with Lao PM Phankham Viphavanh. (Photo: VNA) Vientiane (VNA) - National Assembly Chairman Vuong Dinh Hue met with Lao Prime Minister Phankham Viphavanh in Vientiane on May 17, where the two leaders discussed measures to promote bilateral relations. They expressed delight at the development of cooperative ties between the two countries over the past years and appreciated that the two sides kept up regular exchanges of high-ranking delegations, including the Lao Prime Minister's official visit to Vietnam earlier this year and the bilateral meeting between the two PMs on the sidelines of the ASEAN-US Special Summit in the US last week. Regarding the orientation to strengthen the bilateral cooperation in the future, they stressed that the two countries need to coordinate to seriously implement high-level agreements, including the results of the 44th meeting of the Vietnam–Laos Inter-Governmental Committee on Bilateral Cooperation held in … [Read more...] about NA Chairman meets with Lao PM, discussing measures to boost ties

NA Chairman Vuong Dinh Hue receives Lao Finance Minister Bounchom Oubonpaserth (Photo: VNA) Vientiane (VNA) – The Vietnamese National Assembly is willing to create conditions for its Finance-Budget Committee to share financial supervision experience with the Lao Ministry of Finance, said NA Chairman Vuong Dinh Hue . Receiving Lao Finance Minister Bounchom Oubonpaserth in Vientiane on May 16 during his official visit to the neighbouring country, NA Chairman Hue appreciated the two finance ministries’ organisation of mutual visits and experience sharing. He held that although the Lao financial sector faces many difficulties, the Government and the National Assembly of Laos have delivered timely directions towards restructuring financial institutions. Hailing Laos for transparency in budget revenue and expenditure, and public debt, the top Vietnamese legislator emphasised the need to modernise the tax and customs sectors, strengthen publicity and transparency, and … [Read more...] about Vietnamese NA willing to share financial supervision experience with Laos

The event will connect businesses and promotes the development of the blockchain in the world. The 10th Global Blockchain Conference - Version for Southeast Asia will be held in Vietnam by Agora in collaboration with V2B Labs and the Vietnam Blockchain Union (VBU) in the coming time, according to Vietnam Digital Media Association. The event is considered an important and meaningful milestone for the development of the blockchain industry in Vietnam and Southeast Asia in the years ahead. Experts have assessed that Vietnam is a country with impressive achievements in digital transformation and technology development. This is thanks to the breakthrough strategies and visions of the Vietnamese Government on digital transformation with a focus on promoting open policies, encouraging the development of new technologies, which improve people’s life quality, creating a favorable business environment for enterprises, and enhancing the efficiency of the Government’s management. … [Read more...] about Global Blockchain Conference to be held in Vietnam