The Thai baht (Source: http://jakartaglobe.id) Bangkok (VNA) - The Bank of Thailand (BoT) and Japan’s Finance Ministry on March 9 signed a memorandum of understanding on cooperation to promote the use of their local currencies in order to settle bilateral trade and investment. Japan ese authorised agencies will intensify information sharing and organise periodical discussions to effectively serve transactions between the two currencies. At present, nine commercial banks participate in the cooperation by providing the direct exchange rate quotation and promoting foreign exchange transactions in yen and baht in the interbank markets as well as trade with their customers. VNA … [Read more...] about Thailand, Japan sign deal to promote local currency use
Coast guard exchange who can shop
Heavyweight shares help stop market from a fall
Vincom Pham Ngoc Thach in Ha Noi. Vincom Retail (VRE) and Vincom (VIC) rose 3 per cent and 1.1 per cent, respectively, yesterday. — VNS Photo Mai Huong The VN-Index edged up slightly on Thursday despite two-thirds of shares dipping in the red, driven by the growth of heavyweight shares. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index inched up 0.15 per cent to close the day at 1,077.59 points. The northern bourse’s index decreased more than 3 per cent on Wednesday. Two-thirds of shares on the HoSE lost value, mainly small- and mid-cap shares. From the perspective of industry groups, most of the groups underperformed, except for retail (up 4.2 per cent on average) and banking (0.6 per cent). Data on vietstock.vn showed 18 out of 25 stock groups recorded losses, led by seafood processing companies (down 2.3 per cent on average), agriculture, logistics, machinery, construction and household appliances with each decreasing more than 1 per cent. Blue chips were mixed. … [Read more...] about Heavyweight shares help stop market from a fall
Google, Apple disappoint as tech earnings hit by gloom
A person walks out of the Apple Store in Annapolis, Maryland, on February 2, 2023. Tech giants Google, Apple and Amazon will report their latest results on Thursday as shares in Meta skyrocketed after the Facebook owner posted a smaller-than-expected slump in sales for 2022.(Jim WATSON / AFP) The tech titans posted earnings as shares in Meta skyrocketed a day after it reported better results than expected and signaled spending and job cuts. The results follow weeks of unprecedented layoff rounds in the usually unassailable tech sector amid pessimism about the economic outlook. The souring mood followed a long spell of outsized growth during the peak Covid-19 period when consumers went online for work, shopping and entertainment. "Big Tech calls from Apple, Amazon, and Alphabet painting a much different picture of demand environment than the tech bears were hoping for," tweeted Wedbush analyst Dan Ives, referring to investors who believe shares are on a downward path. While … [Read more...] about Google, Apple disappoint as tech earnings hit by gloom
Vietnam’s foreign, defense policies introduced in Venezuela
Ambassador Le Viet Duyen said that Vietnam's foreign policy plays an important role in creating and strengthening its foreign relations for international integration, contributing to facilitating its national building and safeguarding, and raising its position in the international arena. The policy upholds the country’s active implementation of regional and international commitments, and increases its role in building and forming multilateral institutions. Vietnam is a friend, a reliable partner, and an active and responsible member of the international community; promotes the preservation of a peaceful and stable environment; and actively participates in and fulfills its role in multilateral mechanisms such as the Association of Southeast Asian Nations (ASEAN), the United Nations, the Asia-Pacific Economic Cooperation (APEC), and the Mekong sub-regional cooperation. It has to date established diplomatic relations with 190 countries, including three special traditional friends, 17 … [Read more...] about Vietnam’s foreign, defense policies introduced in Venezuela
Vietnam, Trinidad and Tobago set up diplomatic ties
Ambassador Dang Hoang Giang (R), Permanent Representative of Vietnam to the United Nations, and Ambassador Dennis Francis Smith, Representative of Trinidad and Tobago to the Un ited Nations (UN) exhange the joint statement. (Photo: VNA) Hanoi (VNA) – Vietnam and Trinidad and Tobago officially established the diplomatic ties on February 1. Ambassador Dang Hoang Giang, Permanent Representative of Vietnam, and Ambassador Dennis Francis Smith, Representative of Trinidad and Tobago to the United Nations (UN), on behalf of the two governments, signed a joint statement on the establishment of the diplomatic ties between the two countries at New York. Accordingly, Vietnam and Trinidad and Tobago agreed to exchange diplomatic representatives at the ambassadorial-level under the 1961 Vienna Convention on Diplomatic Relations. On the same day, the document was sent to UN Secretary-General Antonio Guterres for circulation and to UN member countries for information. With the … [Read more...] about Vietnam, Trinidad and Tobago set up diplomatic ties
Prime Minister chairs Government’s monthly law-building meeting
The proposals suggested amending and supplementing some articles of the law on the guard force, and revising the Employment Law and the draft Law on Water Resources. The meeting also looked into proposals on the Government’s law and ordinance building program in 2024, adjustments to the 2023 Law and Ordinance Building Program, and the building of a national database center, among others. The participants shared their view on the need to issue such laws as well as their compatibility with other legal documents and international practice. PM Pham Minh Chinh asked ministries that submitted the proposals to seriously consider opinions raised by Cabinet members, and complete the proposals, noting that feedback from experts, scientists, activists and affected individuals should continue to be collected during the building and perfection of laws and institutions. The leader also emphasized the communication work before and during the law building, and after the issuance to create … [Read more...] about Prime Minister chairs Government’s monthly law-building meeting
ChatGPT and AI booms in Vietnam
ChatGPT and AI is set to boom in Vietnam In the early days of 2023, ChatGPT released by OpenAI is becoming popular all over the world. ChatGPT is a chatbot providing solutions to complex problems directly like composing essays, coding, and drafting business proposals. Within a few seconds after entering keywords, ChatGPT will provide text, images, audio, and other entertainment media in excellent quality. Just a few weeks after launching, this “super AI” has reached over 10 million users and has rapid growth. This success helps OpenAI negotiate an investment agreement worth $30 billion, more than double its valuation in 2021. After investing $1 billion in ChatGPT in 2019, Microsoft is planning to invest another $10 billion in exchange for 49 per cent of OpenAI's stake. This tech giant is considering integrating ChatGPT into Word, Powerpoint, Outlook, and even the Bing search engine to compete for market share with Google Search. Eric Boyd, CVP of AI Platform at Microsoft, … [Read more...] about ChatGPT and AI booms in Vietnam
South African party leader impressed by Vietnam’s achievements
Party General Secretary Nguyen Phu Trong addresses the closing ceremony of the sixth session of the 13th Party Central Committee. (Photo: VNA) Pretoria (VNA) – General Secretary of the South African Communist Party (SACP) Solly Mapaila has expressed his impression at the achievements that Vietnam has gained under the leadership of the Communist Party of Vietnam (CPV). Talking to Vietnam News Agency (VNA) in Pretoria, Mapaila highlighted that Vietnam won the victory in the struggle for independence, putting an end to all forms of exploitation as well as hunger and poverty, and building a country of happiness and development. Vietnam has affirmed its position in the world arena, he noted, adding that at many major international forums such as the United Nations, Vietnam has gained an important position and expanded cooperation at the government level with many countries, while showing its role and progressive standpoints in international relations. Regarding the relationship … [Read more...] about South African party leader impressed by Vietnam’s achievements
Viet Nam, Netherlands eye further cooperation in sustainable development
Pineapple processing at Dong Giao Foodstuff Export JSC in the northern province of Ninh Binh. Agriculture plays a pivotal role in the economies of Viet Nam and the Netherlands and is deeply imprinted in the culture and people of the two countries. — VNA/VNS Photo Thuy Dung Due to their similar geographical features and advantages, the Viet Nam and the Netherlands have increased their sustainable development partnership in agriculture, water management, and climate change adaptation, said Ambassador of the Netherlands to Viet Nam Kees van Baar. Agriculture plays a pivotal role in the economies of Viet Nam and the Netherlands and is deeply imprinted in the culture and people of the two countries, the diplomat told Dau tu (Vietnam Investment Review). Close co-operation between the two sides has resulted in new visions and the blooming of business cooperation, with a growing number of the Netherlands' companies doing business and investing in Viet Nam. The Netherlands is the … [Read more...] about Viet Nam, Netherlands eye further cooperation in sustainable development
Senior officials discuss preparations for ASEAN Foreign Ministers’ Retreat
Acting head of SOM ASEAN Vietnam, Ambassador Vu Ho, actively exchanged views on ASEAN cooperation as well as Vietnam's contribution to the group in 2023, such as organizing activities to disseminate information about ASEAN and its cooperation with partners. He proposed organizing several conferences related to ASEAN - China cooperation in the implementation of the Declaration on the Conduct of Parties in the East Sea (South China Sea). The Vietnamese representative also expressed his belief that Indonesia will successfully assume its role of ASEAN Chairmanship 2023. Participants also discussed specific proposals to promote cooperation among member states and between ASEAN and its partners, including building the post-2025 ASEAN Community Vision, improving the capacity and effectiveness of the group’s agencies, and promoting maritime security and cooperation. The 32nd ACC Meeting and the AMMR will take place in Jakarta on February 3-4. Foreign Ministers of ASEAN member states … [Read more...] about Senior officials discuss preparations for ASEAN Foreign Ministers’ Retreat