Inclusion

The collaboration will support water utility companies in their ongoing transformation to become autonomous, service-oriented organizations. The partnership will also assist VWSA and its members to build resilience, promote inclusiveness, improve governance, catalyze financing, and foster innovation in the water and sewerage sector in the Southeast Asian nation through capacity building and project support activities. “Our collaboration will help key players in the water sector secure climate resilience and adaptive capacity, thereby supporting a more integrated and inclusive approach to water, sanitation, and hygiene in Vietnam. We stand ready to assist VWSA through our knowledge sharing and financial support, and further promote private sector development and financing for improved water supply and sanitation across VWSA members,” said ADB Country Director for Vietnam Shantanu Chakraborty The country’s water sector has achieved impressive gains in commercial transformation, … [Read more...] about ADB helps promote sustainable, inclusive water sector in Vietnam

The team is involved in corporate and commercial banking in Vietnam, Singapore, Indonesia, the Philippines, Malaysia, Thailand, India, Bangladesh, and Sri Lanka. Each country has a dedicated social finance team that partners with local businesses to develop pioneering programmes and debt solutions including term debt, bonds, initial public offerings, and securitisations, as well as partnering with development agencies and impact investors. The expanded focus on Asia will further support Citi’s recent good work across social finance in the region “Citi is uniquely positioned to enable clients and partners to scale the delivery of products and services that improve the livelihoods of underserved and low-income communities across the emerging markets,” said Jorge Rubio Nava, global head of Social Finance. “We have a large and diverse pipeline across several sectors in Asia, including economic inclusion, healthcare, infrastructure, food security, and education. We … [Read more...] about Citi promotes social finance in Asia

By 2025, a number of key drivers are expected to continue to make Vietnam one of the fastest-growing and most sustainable emerging markets. In addition to traditional growth drivers such as production, export, investment, and consumption, some new trends are set to become new driving forces for Vietnam's economic growth in the medium and long term. Firstly, the strong development of the digital economy. By completing the legal framework and overcoming the limitations in terms of infrastructure, human resources, innovation ecosystems, and network, information, and data security, Vietnam's digital economy is expected to continue to grow strongly up to 2030. Secondly, accelerating labour productivity and total factor productivity (TFP) is a driving force for Vietnam's economy to improve over the coming years, with predicted increases of about 4.5-5 per cent over the 2021-2025 period and 6-6.5 per cent from 2026 to 2030. TFP's contribution to GDP growth is forecast to reach about … [Read more...] about Calls for establishment of national productivity committee

A press meeting to announce the third Việt Nam Card Day 2023. — Photo courtesy of the organiser The third Việt Nam Card Day 2023 is set to take place at Hà Nội National University of Education’s Stadium between October 6 and 8 with the theme of Bứt phá giới hạn (Break the limit). The annual event is jointly held by Tiền Phong (Vanguard) newspaper and the National Payment Corporation of Việt Nam (NAPAS) under the instruction of the State Bank of Việt Nam (SBV), aiming to spread the innovation spirit based on digital technology to promote non-cash payments and digital transformation in the country. Speaking at the press meeting held in Hà Nội on Wednesday, Lê Anh Dũng, SBV’s Deputy Director of the Payment Department said: “Non-cash payment is an inevitable trend in the process of moving towards a cashless society and developing a digital economy, and Việt Nam is no exception to that trend. New technologies and modern solutions in payment are being applied by banks such as contact … [Read more...] about Việt Nam Card Day 2023 to be held next month

Vietnam ese Deputy Minister of Foreign Affairs Do Hung Viet. (Photo: VNA) New York (VNA) – Vietnamese Deputy Minister of Foreign Affairs Do Hung Viet attended the 16th Ministerial Meeting of the Global Governance Group (3G) held on the sidelines of the high-level week of the 78th United Nations General Assembly in New York on September 20 (local time). The meeting, chaired by the Singaporean Minister of Foreign Affairs, was attended by representatives of the Troika of the Group of Twenty (G20) (previous, current and incoming Presidencies), as represented by Indonesia, India, and Brazil, and 30 member states of the 3G. Participants emphasised cooperation priorities in the coming time, including promoting the role of multilateralism and international solidarity in association with more equal and effective reform of global governance mechanisms, creating new driving forces to implement the sustainable development goals (SDG) on time, and enhancing strategic cooperation … [Read more...] about Vietnam attends 16th Ministerial Meeting of Global Governance Group

Party General Secretary Nguyen Phu Trong (R) and US President Joe Biden at a joint press conference in Hanoi on September 10. (Photo: VNA) Jakarta (VNA) – The Vietnam visit by President Joe Biden is an historic event and the upgrading of the Vietnam-US relations to a comprehensive strategic partnership is very meaningful, stated US Ambassador to ASEAN Yohannes Abraham. In an interview granted to the Vietnam News Agency, the US diplomat said that the elevation of the US-Vietnam relationship to the highest level of Vietnam's diplomatic relationship shows the already strong, growing and enduring ties between the US and Vietnam. This is the foundation for a sustainable and win-win partnership with shared opportunities and joint efforts in coping with global challenges in the future, he said. Regarding the potential of cooperation between the US and Vietnam in the coming time, the ambassador said that leaders of the two sides have outlined a broad range of fields where the … [Read more...] about Elevation of relations with Vietnam helps promote US partnership with ASEAN: Diplomat

This report recognises that Nestlé has a cohesive and comprehensive sustainability strategy, and that its policies, objectives, and actions incorporate social, environmental, and economic dimensions of coffee production. It also acknowledges Nestlé's dedicated investments to support its work. David Rennie, Nestlé's head of Coffee Brands said, "This is recognition for our long-term commitment to sustainability. Through our flagship programmes, namely the Nescafé Plan and the Nespresso AAA Sustainable Quality drive, we are working every day with coffee farmers to help ensure that the farming and production of coffee is sustainable and socially and economically inclusive. We are committed to continuously progressing and bringing new approaches to sustainable coffee farming." Since the inception of the Nescafé Plan in Vietnam in 2011, Nestlé has supported coffee farmers in making the transition towards regenerative and low-emission agriculture with initiatives to improve soil … [Read more...] about Nestlé claims top spot in 2023 Coffee Brew Index

In an interview granted to the Vietnam News Agency, the U.S. diplomat said that the elevation of the U.S. - Vietnam relationship to the highest level of Vietnam's diplomatic relationship shows the already strong, growing and enduring ties between the U.S. and Vietnam. This is the foundation for a sustainable and win-win partnership with shared opportunities and joint efforts in coping with global challenges in the future, he said. Regarding the potential of cooperation between the U.S. and Vietnam in the coming time, the ambassador said that leaders of the two sides have outlined a broad range of fields where the two countries are going to work together even more closely on issues that matter most to their future, especially the economy. The U.S. is currently the number-one export market of Vietnam, while Vietnam is the eighth biggest trade partner of the U.S., he noted. The upgrade of the U.S. - Vietnam relations to a comprehensive strategic partnership makes the bilateral … [Read more...] about Elevation of relations with Vietnam helps promote U.S. partnership with ASEAN: Diplomat

NA Chairman Vuong Dinh Hue (second from right) presents a gift to Muhammad Faruk Khan, Chairman of the Bangladesh Parliamentary Standing Committee on Foreign Relations at their meeting in Dhaka on September 21. (Photo: VNA) Dhaka (VNA) – Chairman of the Vietnamese National Assembly (NA) Vuong Dinh Hue received Muhammad Faruk Khan, Chairman of the Bangladesh Parliamentary Standing Committee on Foreign Relations, and gave an important speech at the Foreign Service Academy of Bangladesh in Dhaka on September 21. Expressing his honour to welcome the NA leader and the Vietnamese delegation on an official visit to Bangladesh, Muhammad Faruk Khan said the trip will continue helping to intensify the traditional friendship between the two countries. He affirmed that the legacy left by Bangabandhu Sheikh Mujibur Rahman, the Father of Bangladesh, and President Ho Chi Minh for the countries created an important condition for both sides to promote their relations. Chairman Hue … [Read more...] about NA Chairman meets senior parliamentary official, delivers remarks at academy of Bangladesh

At Vietnam Digital Finance 2023 (VDF-2023) themed 'Digital data: a driver for sustainable digital transformation in the financial sector,' held on September 21 in Hanoi, Nguyen Duc Hien, deputy head of the Party Central Committee's Economic Commission, said that both in the world and in Vietnam, digital finance is in a period of explosive development with many diverse types of services. Many studies have shown that digital finance improves the stability of the financial system and brings benefits to users of financial services, financial service providers, the government and the economy. It also helps increase access to financial services, especially for low-income groups, making an important contribution to financial inclusion. For the financial industry alone, Hien stated that in recent years, the Ministry of Finance has issued resolutions and decisions on the Ministry of Finance's Digital Transformation Strategy until 2025 with an orientation to 2030; and the Operational Plan of … [Read more...] about Financial sector strongly focusing on digital transformation