Deputy Chief of the General Staff of the Vietnam People's Army (VPA) Lieutenant General Nguyen Van Nghia and Chief of Staff of the Japan Ground Self-Defence Force General (JGSDF) Yoshida Yoshihide inspect the guards of honour. (Photo: VNA) Tokyo (VNA) – Deputy Chief of the General Staff of the Vietnam People's Army (VPA) Lieutenant General Nguyen Van Nghia joined talks with Chief of Staff of the Japan Ground Self-Defence Force General (JGSDF) Yoshida Yoshihide on May 25, during his working visit to Japan. The two sides highly valued achievements obtained in the cooperation of the countries’ ground forces, which contribute to the extensive, practical and efficient development of the Vietnam-Japan bilateral defence cooperation. Lt. Gen. Nghia affirmed that the VPA General Staff stands ready to join hands with the JGSDF in the effective implementation of cooperation programmes, including capacity building in United Nations peacekeeping operations; search and rescue; and … [Read more...] about Vietnam, Japan beef up ground forces cooperation
Defence backs saber astronautics with au1 2m contract for space security
Participants at the third session of the 15th National Assembly on Thursday morning. — VNA/VNS Photo HÀ NỘI — The 15th National Assembly heard a report on and debated the draft Law on Inspection (amended) on Thursday morning as part of its ongoing third session. Most of the participants agreed on the need to amend the Law on Inspection but there were some different opinions on the regulations on the system inspection agencies. The current inspection agency system includes Government Inspectorate and inspectorates at provincial and district levels. Regarding the district-level inspectorate system, there are two different opinions on this system. The first opinion supports maintaining the operation of the district-level inspection system and the second opinion wants to stop inspection activities at the district level. Inspector General of Government Inspectorate Đoàn Hồng Phong said lawmakers proposed to maintain the district-level inspectorate in the … [Read more...] about Lawmakers deal with overlap in inspection and draft mobile police law
Kevin Coppel, Asia-Pacific managing director (left ) and Christine Li, Asia-Pacific head of research for Knight Frank in Singapore When the US-China trade tensions bubbled over in 2018, corporates found it increasingly difficult to carry out business in China due to sourcing uncertainties and rising costs. This trend only worsened in the face of the pandemic and resulting border closures. Businesses responded by pursuing opportunities to set up bases outside of China while still retaining a stake in one of the world’s strongest economies. The China+1 strategy thus emerged. It is based on diversifying its supply base into other countries in order to minimise the risk of disruptions arising from geopolitical tensions, trade wars and tariffs, as well as rising labour costs. These companies are not abandoning China but rather giving themselves options, enjoying the best of what China and other economies have to offer. In pursuit of the China+1 strategy, the spotlight is naturally … [Read more...] about Will Vietnam become a big geopolitical beneficiary?
Real estate bonds shackled by rules - illustration photo At last week’s conference on corporate bonds held by the Vietnam Chamber of Commerce and Industry, experts discussed ways to develop an efficient and sustainable corporate bond market. One of the common recommendations regarded appropriate approaches to credit ratings. According to Can Van Luc, BIDV’s chief economist, there should be clear regulations on credit ratings to help investors easily determine business quality and the risk level of the issued bonds. “It is necessary to identify where a credit rating is mandatory and where a credit rating is encouraged. High-risk businesses should go through compulsory credit rating before bond issuance,” Luc said. “On the other hand, for businesses that have been audited and internationally rated with a long-standing history, a credit rating might not be necessary.” In recent years, the State Bank of Vietnam (SBV) has steadily redirected loan flows towards industry, services … [Read more...] about Real estate bonds shackled by rules