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At the event (Photo: Saigon Times) - Many banks and finance companies have proactively adopted technologies to provide digital financial services, Nguyen Hoang Minh, a senior central bank official said. Speaking at a conference organised by Saigon Times newspaper in Ho Chi Minh City on December 5, Deputy Director of the State Bank of Vietnam (SBV)’s Branch in HCM City, said: “The country has seen a growth in population and internet and smart phone users, and banks and finance companies should take advantage to further develop digital services such as mobile and internet payments.” VNA … [Read more...] about Vietnam’s financial sector embraces digital era: conference

Illustrative image (Photo: businesstimes)   Singapore (VNA) – Southeast Asia’s GDP growth is likely to remain at 4.5 percent in 2020, amid high risks of a re-escalation in trade tensions between the US and China, according to the latest report produced by the British advisory firm Oxford Economics.   Friction between the two countries remains high and the bulk of imposed tariffs are unlikely to be lifted anytime soon, said Sian Fenner, Oxford Economics lead Asia economist. The region has recorded sluggish performance in the third quarter of 2019, with its GDP growth rising only 4.5 percent year-on-year. Export-oriented economies have suffered the worst blow from the ongoing trade conflict, with Singapore only narrowly avoiding a technical recession in the third quarter of 2019.  Due to the US-China trade war, trade uncertainty remains a key drag on manufacturing, exports and investment. The report expects the Philippines, Malaysia and Indonesia … [Read more...] about Southeast Asia’s GDP growth likely to remain at 4.5 pct in 2020

At the event (Photo: VNA)   Hanoi (VNA) – An international seminar, entitled “Vietnam and the United Nations peacekeeping mission in the Francophone environment”, took place in Hanoi on December 6.  The event was co-hosted by the Diplomatic Academy of Vietnam and the Defence Ministry’s Vietnam Peacekeeping Department under the auspices of the Asia-Pacific Office of the International Organisation of La Francophonie (OIF), the Asia-Pacific Office of the Francophone University Agency and the French Embassy in Vietnam. The seminar focused its discussions on Vietnam and the Francophone community’s experience in the peacekeeping mission, achievements and challenges, thereby proposing measures to improve the efficiency of the work. Director of the Vietnam Peacekeeping Department Maj. Gen. Hoang Kim Phung said the event once again affirmed Vietnam’s political determination and commitment to extensively join the UN peacekeeping … [Read more...] about Seminar talks UN peacekeeping mission in Francophone environment

Tra fish exports to Russia slump Export revenue of tra fish to the Russian market in the first 10 months of this year fell 31 percent compared to last year to 12.5 million USD, reported the Vietnam Association of Seafood Exporters and Producers (VASEP). According to the association, the sharp drop followed last year’s declining trend, and was likely to continue for the rest of 2019. VASEP said that in the last two years, Russia’s tra fish consumption has been modest, with unstable import prices. Meanwhile, the European country’s imports of frozen tra fish fillets have increased slightly by 3 percent, but that of frozen whole fish have fallen 29 percent./. Conference on boosting exports to China They were speaking at a recent conference on agricultural, forestry and seafood exports to China in Mong Cai City in the northern province of Quang Ninh. The conference was organised by the Ministry of Agriculture and Rural Development in collaboration with the People's … [Read more...] about BUSINESS NEWS HEADLINES DECEMBER 6

Deputy PM Vuong Dinh Hue, head of the Steering Committee for international economic integration, will pay official visits to the U.S., Brazil and Chile from June 25-July 6.  Deputy PM Vuong Dinh Hue He will be accompanied by Minister of Transport Nguyen Van The, deputy head of the Central Economic Commission Tran Sy Thanh, Deputy Minister of Foreign Affairs Ha Kim Ngoc, Deputy Minister of Planning and Investment Vu Dai Thang, Deputy Minister of Industry and Trade Do Thang Hai, Deputy Minister of Finance Huynh Quang Hai, Deputy Minister of Agriculture and Rural Development Ha Cong Tuan, Deputy Governor of the State Bank of Viet Nam Nguyen Thi Hong and Vice Chairman of the Government Office Nguyen Sy Hiep. The Deputy PM’s official visit to the U.S. from June 25-27 aims to maintain and enhance the two countries’ diplomatic relations, affirming Viet Nam’s wish to accelerate cooperation with the U.S. within the Comprehensive Partnership, and seeking ways … [Read more...] about DPM Hue to visit U.S., Brazil, Chile next week