Government isa help to buy

Prime Minister Phạm Minh Chính meets UNICEF Executive Director Catherine Russel in New York on May 16 (US time). — Photo from the Việt Nam Government Portal NEW YORK — Prime Minister Phạm Minh Chính said Việt Nam cherished cooperation with United Nations Children’s Fund (UNICEF) over the past 40 years and its contributions to global efforts protecting and caring for children. He made the remarks while meeting with UNICEF Executive Director Catherine Russel in New York on May 16 (local time) as part of his trip to the US. The Vietnamese PM noted that from a sole recipient of humanitarian assistance, Việt Nam had become a trusted partner of the UN and UNICEF on many fronts. Việt Nam supported UNICEF Strategic Plan for 2022-25 towards 2030, including the emphasis on children’s rights such as every child has the right to study and life skills, to be protected from abuse and violence, to get access to clean water, hygiene and safe environment, etc. – all of which are also the goals … [Read more...] about PM Chính thanks UNICEF for help in Việt Nam’s successful COVID-19 vaccination rollout

Prime Minister Phạm Minh Chính meets with USAID Administrator Samantha Power. — VNA/VNS Photo WASHINGTON — Prime Minister Phạm Minh Chính had a meeting with Administrator of the United States Agency for International Development (USAID) Samantha Power in Washington DC on May 13 (US time), as part of his activities while on a working visit to the US. At the meeting, Prime Minister Phạm Minh Chính highly appreciated USAID's contribution to the recent development of Việt Nam-US relations through effective aid activities, contributing to the settlement of post-war consequences, hunger eradication and poverty alleviation, and promotion of sustainable and inclusive development in Việt Nam. The Prime Minister welcomed USAID's plan to expand operations in Việt Nam, speed up approval procedures and implement projects to increase the effectiveness of development aid. He suggested that USAID continue to increase support for … [Read more...] about USAID to continue helping Việt Nam with post-war dioxin decontamination, mine clearance

At the meeting, Duong Dinh Bang, Interim Chairman of the Vietnamese Business Association for Cooperation and Investment in Laos, said the Lao Government is amending legal regulations so as to improve the investment climate. Besides, many agreements between the two countries have also created an optimal legal corridor for Vietnamese firms’ investment in Laos. However, he admitted that investment relations still fall short of expectations and have yet to match the political and diplomatic ties. Representatives of the Vietnamese enterprises submitted several proposals to Lao and Vietnamese authorities so as to help facilitate bilateral investment and trade partnerships. Appreciating the companies’ opinions, Lao Deputy Prime Minister Sonexay Siphandone said Vietnam is currently the third biggest foreign investor in his country with total investment of 4.6 billion USD, and that Vietnamese firms’ projects have been greatly helping with local socio-economic development. For his part, … [Read more...] about Businesses urged to help make breakthroughs in Vietnam – Laos economic ties

Prime Minister Pham Minh Chinh (right) and New York Stock Exchange (NYSE) President Lynn Martin hold talks with CEOs of major firms listed on the NYSE on May 16. — VNA/VNS Photo Duong Giang Prime Minister Pham Minh Chinh had a roundtable with CEOs from world-leading firms and investment funds listed on the New York Stock Exchange (NYSE) during a visit there on May 16. In the opening address, PM Chinh said global instabilities had impacted both Viet Nam and the US, requiring the companies to help address the challenges. Viet Nam in recent times had strived to keep macroeconomic conditions under control, including exchange rates, inflation and interest rates, as well as budget revenues and expenditure balances, food security, imports and exports. Viet Nam is currently in serious need of developing a healthy, sustainable securities and bonds market, according to the Prime Minister. The PM also informed the company executives of the implementation of the recovery package worth … [Read more...] about PM underlines commitments to facilitate foreign businesses in roundtable with NYSE-listed firms

Vietnamese Prime Minister Pham Minh Chinh (C) visits the New York Stock Exchange (NYSE) (Photo: VNA) In his meeting with NYSE leaders, the Vietnamese PM expressed his pleasure to visit the largest stock exchange in the world in terms of market capitalisation, and thanked them for the warm welcome and the privilege to ring the bell to end the trading session of May 16. PM Pham Minh Chinh meets with representatives of NYSE (Photo: VNA) PM Chinh stressed that Vietnam is cracking down on the violations of a few unscrupulous investors in the country’s stock markets to ensure its security, transparency, and sustainable development. He asked the NYSE to cooperate and share experience in developing an effective, sustainable stock market in Vietnam as well as realising the country’s ambition to successfully build a regional-level financial centre, foster the win-win partnership between the NYSE and Vietnamese agencies and companies, contributing to the development of the … [Read more...] about PM visits New York Stock Exchange, holds roundtable with CEOs of int’l firms

Vietnamese Prime Minister Pham Minh Chinh (C) visits the New York Stock Exchange (NYSE) (Photo: VNA) New York (VNA) - Vietnamese Prime Minister Pham Minh Chinh held a working session at the New York Stock Exchange (NYSE) on May 16 (local time) as part of his trip to the US. In his meeting with NYSE leaders, the Vietnamese PM expressed his pleasure to visit the largest stock exchange in the world in terms of market capitalisation, and thanked them for the warm welcome and the privilege to ring the bell to end the trading session of May 16. PM Pham Minh Chinh meets with representatives of NYSE (Photo: VNA) PM Chinh stressed that Vietnam is cracking down on the violations of a few unscrupulous investors in the country’s stock markets to ensure its security, transparency, and sustainable development . He asked the NYSE to cooperate and share experience in developing an effective, sustainable stock market in Vietnam as well as realising the country’s ambition to … [Read more...] about PM visits New York Stock Exchange, holds roundtable with CEOs of world leading firms

The Vietnamese leader appreciated the diplomat’s considerable contributions to the two countries’ ties, which were lifted to a comprehensive partnership in 2019. Thanking the Vietnamese Government and people for helping him fulfill his duties, the ambassador appreciated Vietnam’s efforts to help organize activities of the ASEAN Year when Brunei acted as Chair of the bloc in 2021. The elevation of bilateral ties to a comprehensive partnership in 2019 and the 30th anniversary of diplomatic relations this year have further proved their increasingly substantive cooperation, he noted. He also congratulated Vietnam on successfully holding the SEA Games 31 opening ceremony and receiving sports delegations, including the Bruneian team, showing Vietnam as a thoughtful and trustworthy host. The State leader of Vietnam noted despite COVID-19, bilateral connections have still been strengthened, with trade reaching USD 310 million in 2021 and USD 328 million in the first four months of … [Read more...] about State leader receives outgoing Bruneian ambassador

A view of HCM City. Many banks have temporarily ceased lending to the property sector. — Photo vneconomy.vn Deputy Governor of the State Bank of Viet Nam, Dao Minh Tu, announced at the Government’s March press conference that credit growth in the first quarter of the year had been 5.04 per cent, much higher than the 2.16 per cent rise in the same period last year. He described it as a “quite positive result” that showed the economy had made a significant recovery with people’s lives and businesses returning to normal thanks to the Government’s effective measures against the COVID-19 pandemic. According to a report by the SBV’s HCM City office, credit growth in the country’s main economic hub was estimated at 3.65 per cent in the first quarter. The positive performance has encouraged many banks to set high goals for the full year. At its annual general meeting on March 16, VIB approved a growth target of 30 per cent, much higher than the cap of 14 per cent set by the central … [Read more...] about Not lending to property sector will have mixed effects: analysts

Buyers at a supermarket (Photo: SGGP) Different from the boring scene when the Covid-19 epidemic raged, in recent months, especially on the big holiday of April 30 and May Day, Ho Chi Minh City has witnessed a bustling shopping scene again at commercial centers and supermarkets. Large shopping centers such as Aeon, BigC, Emart, MM Mega, or supermarket systems Saigon Co.op, Satra have seen crowds of customers who were waiting in line to buy commodities. A representative of Aeon Vietnam said that during the past holiday, business locations across the country have recorded positive growth. For example, at Aeon General Department Store and supermarket - Tan Phu, the number of visitors and purchasing power increased by 30 percent compared to weekends in the first few months of the year. Ms. Huynh Thi Kim Thanh, Director of General Department Store and supermarket Aeon Tan Phu said that compared to the holiday of April 30, 2021, the number of visitors to Aeon - Tan Phu this year … [Read more...] about HCMC sees purchasing power increase, recovery of retail industry

MUMBAI -- India banned wheat exports on Saturday days after saying it was targeting record shipments this year, as a scorching heat wave curtailed output and domestic prices hit a record high. The government said it would still allow exports backed by already issued letters of credit and to countries that request supplies "to meet their food security needs". The move to ban overseas shipments was not in perpetuity and could be revised, senior government officials told a press conference. Global buyers were banking on supplies from the world's second-biggest wheat producer after exports from the Black Sea region plunged following Russia's Feb. 24 attack on Ukraine. Before the ban, India had aimed to ship a record 10 million tonnes this year. The officials added that there was no dramatic fall in wheat output this year, but unregulated exports had led to a rise in local prices. "We don't want wheat trade to happen in an unregulated manner or hoarding to happen," commerce … [Read more...] about India bans wheat exports as heat wave hurts crop, domestic prices soar