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The banking sector assumes a vital role in introducing innovative financial instruments and suitable investment methodologies to enable Vietnam to achieve its net-zero emissions goal by 2050. The banking sector, as a key capital mobilization channel for the economy, is responsible for  “greening” investment capital flows for Vietnam to ensure the goal of sustainable development. Overview of the conference. Source: SBV Vice Governor of the State Bank of Vietnam Pham Thanh Ha made the remarks at a conference themed “Greening the Financial Sector: Accelerating transition to a low-carbon economy in Vietnam” held today [September 21]. According to Ha, Vietnam has historically maintained very low greenhouse gas (GHG) emissions. In absolute terms, Vietnam's GHG emissions reached 364 million tons of carbon dioxide (CO2) in 2018, constituting a mere 0.8% of the world's total emissions. However, over the past two decades, the country has experienced the fastest … [Read more...] about Greening finance accelerates Vietnam’s SDG implementation

Col. Nguyen Nhu Canh (R), Deputy Director of the Vietnam Department of Peacekeeping Operations under the Ministry of National Defence, and Matsuzawa Tomoko, Director for Defence Cooperation in the Indo-Pacific region at the Japanese Ministry of Defence and head of the working group of Japanese experts, check the quality of the road. (Source:qdnd.vn) Hanoi (VNA) – Japanese engineers who were in Vietnam to participate in a competency evaluation programme for prospective United Nations peacekeepers (CEPPP) have built a stretch of road leading to the CEPPP training ground in Hanoi. The CEPPP under the ASEAN Defence Ministers’ Meeting Plus (ADMM-Plus) Experts’ Working Group on Peacekeeping Operations Cycle 4 (2021-2023) was the first of its kind to be held in Vietnam. It was co-chaired by Vietnam and Japan. The stretch of road, leading to the training ground at Battalion 31 of Brigade 28 under the Air Defence - Air Force service, is 219 metres long, which is meant to mark the … [Read more...] about Japanese engineers build road to mark 50 years of diplomatic ties with Vietnam

Illustrative image (Photo: www.investing.com) Hanoi (VNA) - The Thai government plans to borrow about 2.4 trillion THB (nearly 66.65 billion USD) for the 2024 fiscal year starting October 1, up about 9% from the current year, according to market sources briefed by the Ministry of Finance. More than 700 billion THB of the total will be fresh borrow ing to finance the budget deficit, and about 1.7 trillion THB will be earmarked for refinancing and restructuring existing debts . About half of the funding sought will be raised through government bond sales, while the rest will be financed via treasury bills, savings bonds, bond switches and promissory notes. The government plans to sell up to 272 billion THB of government bonds in the last quarter of this year. The new cabinet of Thailand approved higher budget spending of 3.48 trillion THB for fiscal year 2024, along with a larger budget deficit of 693 billion THB, to revive the economy. According to Thai … [Read more...] about Thailand to borrow over 66 billion USD for fiscal year 2024

The Ho Chi Minh City People’s Council has approved a plan to revitalize the Municipal Theatre, also known as the Saigon Opera House, as the theater has fallen into a state of degradation. The renovation of the opera house, which is considered as one of the city’s iconic symbols, is estimated to cost VND337 billion (US$13.9 million). The repair is aimed at preserving the architectural values of the establishment to make it a further attractive destination for international tourists visiting the city and a venue for important festivals and events. Chau Huy Toan, who has worked at the opera house for 33 years, said he has witnessed the building undergo two renovations. The Saigon Opera House is situated at 7 Cong Truong Lam Son, Ben Nghe Ward, District 1, Ho Chi Minh City. The theater, developed over 123 years ago, is a popular destination for tourists to the city. In 1998, the city launched a large renovation of the theater and equipped it with modern sound … [Read more...] about Ho Chi Minh City to renovate downtown opera house

In early September, the U.S. Department of Commerce (DOC) lowered anti-dumping duties on frozen tra fish filets from Vietnam following its latest preliminary conclusion. The Federal Register, the daily journal of the U.S. government, published the preliminary results of the 19th anti-dumping duty administrative review (POR19) by DOC on Vietnam’s frozen tra fish filets exported to the U.S. in the August 1, 2021 - July 31, 2022 period. Accordingly, the U.S. authority determined that two Vietnamese companies, Vinh Hoan Corporation and Can Tho Import Export Seafood Joint Stock Company (Caseamex), which were selected for individual examination as mandatory respondents, will enjoy a tax rate of 0 USD per kilo and 0.14 USD per kilo, respectively. A rate of 0.14 USD per kilo will be applied to other companies including Cafatex Corporation, International Development and Investment Corporation, Loc Kim Chi Seafood Joint Stock Company, and Hung Vuong Corporation. The preliminary tax rate … [Read more...] about Good news for Vietnam’s tra fish exports to U.S.

As part of the national program on trade promotion, the event was jointly organized by the Vietnamese Consulate General in Khon Kaen, the Investment, Trade and Tourism Promotion Center of the Central province of Quang Tri, and the authorities of Khon Kaen and Ubon Ratchathani provinces. Vietnamese Consul General Chu Duc Dung stressed that there remains great potential for Vietnamese goods to penetrate the Thai market because this country is home to a large community of overseas Vietnamese, with many of whom own supermarkets, distribution and supply stores. He affirmed that the Consulate General is always ready to accompany Vietnamese and Thai businesses in promoting trade cooperation in the spirit of harmonizing benefits, contributing to promoting stable development in both nations. Tran Phi Tuong, Deputy Director of the Investment, Trade and Tourism Promotion Center of Quang Tri province, Head of the Vietnamese delegation, said that businesses joining the delegation want to … [Read more...] about Vietnamese firms seek to boost trade ties with businesses in Thailand’s Northeastern region

During the meeting, part of his trip to the U.S. for the high-level week of the 78th session of the United Nations General Assembly and bilateral activities, Pham Minh Chinh expressed his pleasure about the important developments in bilateral relations, especially the establishment of the Vietnam - U.S. Comprehensive Strategic Partnership for peace, cooperation and sustainable development on the occasion of President Joe Biden's recent visit to Vietnam. He thanked the contributions of the U.S. House of Representatives in general and the House Foreign Affairs Committee in particular to the relationship between the two countries. Pham Minh Chinh suggested that the two sides strengthen coordination to early put the new framework of relationship into practice, with a focus on promoting cooperation in areas such as economics - trade – investment, science - technology, innovation, semiconductor collaboration, high-quality human resources training, digital transformation, energy … [Read more...] about Prime Minister receives Speaker of U.S. House of Representatives

“For decades, it would have been unthinkable for an American President to stand in Hanoi alongside a Vietnamese leader and announce a mutual commitment to the highest level of countries partnership,” he said at the high-level debate themed “Rebuilding trust and reigniting global solidarity: Accelerating action on the 2030 Agenda and its Sustainable Development Goals towards peace, prosperity, progress and sustainability for all,” referring to his Vietnam visit earlier this month. “With a concerted leadership and careful effort, adversaries can become partners, overwhelming challenges can be resolved, and deep wounds can heal,” the leader continued. Through this example, Biden affirmed that the U.S. stands ready to cooperate with countries to address disputes and that the U.S. commits to promoting multilateralism to settle global challenges. Addressing the debate, U.N. Secretary-General António Guterres called on countries to enhance dialogues, promote multilateralism, and reform … [Read more...] about President Joe Biden highlights Vietnam – U.S. relations at U.N. General Assembly

Prime Minister Pham Minh Chinh has proposed relevant agencies of Vietnam and the U.S. work together to complete new cooperation frameworks to lay a foundation for the two sides to further promote and deepen bilateral cooperative relations, especially in the strategic fields of science-technology; innovation, green growth; sustainable and green energy transition; response to climate change; and cyber security. PM Pham Minh Chinh, who has been in New York to attend the high-level week of the 78th session of the United Nations General Assembly, made the suggestion while hosting a reception for U.S. National Security Advisor Jake Sullivan on September 20. The move aims to realize the outcomes of the recent state visit to Vietnam by U.S. President Joe Biden, he said, hailing the U.S. National Security Council’s support to bolster the Vietnam - U.S. relations over the past years. The PM took this occasion to thank Sullivan for successfully arranging the U.S. President’s visit to … [Read more...] about PM receives U.S. National Security Advisor in New York

The event saw the participation of Vietnamese and Australian officials and over 100 experts, investors, and investment funds from the two countries. Minister of Science and Technology Huynh Thanh Dat said that the event is an opportunity to promote the image of Vietnam's open and dynamic creative start-up ecosystem. It’s also a bridge connecting businesses and organizations with international resources around the world. Vietnam calls on overseas Vietnamese, intellectuals, entrepreneurs, technology experts, and foreign start-ups to come to Vietnam and work with Vietnamese partners to solve local and global challenges, he said, adding Australia is a potential technology and capital market. The minister said Vietnam’s start-up ecosystem in the coming time needs linkages with regional and international systems, particularly those with experiences and resources like Australia’s. At the event, innovative start-ups had an opportunity to present to Australian venture capital companies … [Read more...] about Vietnam joins first “International TECHFEST in Australia”