The Japan Bank for International Cooperation (JBIC) is interested in investment plans for energy projects of the Vietnam Electricity (EVN) and Vietnam Oil and Gas Group (PVN). Illustrative photo (Source: Nikkei Asian Review) Kazuhisa Yumikura, Managing Executive Officer and Global Head of Infrastructure and Environment Finance Group at JBIC unveiled the information at a recent working session between the Japanese policy-based financial institution and Vietnam’s Committee for Management of State Capital at Enterprises. JBIC considers the Vietnamese Government and state-run companies its important partners, Yumikura said. According to him, in the context of Vietnam working to limit government debt, EVN and PVN have improved their performance via self mobilisation of capital without the Government’s guarantee. As a result, JBIC’s lending to both companies without such guarantee is suitable to the country’s orientation, he concluded. However, he said the … [Read more...] about Japanese bank eyes VN Electricty Group’s energy projects
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Who will lead Vietnam’s economy?
Since it normalized relations with the powers like China in 1991 and the USA in 1995, Vietnam has begun to integrate into the global economy. Throughout this process of integration, Vietnam has signed numerous free trade agreements (FTAs) with countries and groups of countries. Vietnam's earliest FTA was the agreement signed with the Association of Southeast Asian Nations (ASEAN) in 1996, just one year after Vietnam joined ASEAN. Then, in 2007, Vietnam officially became a member of the World Trade Organization (WTO). After that, Vietnam signed many more FTAs, especially the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) at the end of 2018 and most recently the EU-Vietnam Free Trade Agreement (EVFTA) in June 2019. So far, Vietnam has signed 13 trade agreements, of which 12 have entered into force. Vietnam is also negotiating three other agreements. Economic powers such as the US, China, Japan and South Korea have inked trade agreements with Vietnam. These … [Read more...] about Who will lead Vietnam’s economy?
Film censorship council member resigned due to work pressure
Nguyen Thi Hong Ngat, deputy chairwoman of Vietnam Cinema Association has decided to resign from being a member of the Central Film Censorship because of the work pressure. Nguyen Thi Hong Ngat Ngat, who was former deputy head of Vietnam Cinema Department under the Ministry of Culture, Sports and Tourism, has submitted the resignation letter to the ministry. Ngat recently stopped working at the council before receiving Minister Nguyen Ngoc Thien’s approval. The council currently has only 10 members. Ngat, who worked at the council since the 2000s, complained that the council has to censor more films and have to classify films for different ages. Some 200-300 foreign and 40 local films are appraised every year. Earlier, the movie Abominable, marketed in Vietnam as Everest – The Little Yeti, was pulled from local cinemas for including a scene featuring a map with China’s so-called U-shaped Line in the East Sea. Following this, the Ministry of … [Read more...] about Film censorship council member resigned due to work pressure
