Investment cooperation agreement

Piles of VND100.000 bank notes. — EastAsia forum/VNA Photo Banks must tighten their assessment controls of corporate bond investments to avoid excessive risk and the misuse of funds raised by firms, experts said. In early April, the Banking Supervision Agency, under the State Bank of Vietnam (SBV) conducted an inspection of corporate bond investment activities at seven banks, while the Ministry of Finance inspected one bank. According to the SBV, by the end of 2021, there are 41 credit institutions holding VND274 trillion (US$11.7 billion) of corporate bonds, of which more than 75 per cent of them are held by ten major banks - Techcombank, MBBank, VPBank, TPBank, BIDV, Vietcombank, VietinBank, HDBank, ABBank and SeABank. At some banks, the value of corporate bonds exceeds 10 per cent of total assets. Although the inspection results were not published, a SBV senior leader said in an interview with Vietnam Investment Review that a number of credit institutions failed to … [Read more...] about Banks should tighten assessment controls of their corporate bonds investments – experts

An overview of the seminar (Photo: VNA) Vientiane (VNA) – The Ministries of Foreign Affairs of Laos and Vietnam co-organised a seminar on economic diplomacy in Vientiane on August 17. Speaking at the event, Nguyen Minh Hang, Assistant to the Minister, Director of the economic affairs department, said that the Vietnam ese Foreign Ministry identifies economic diplomacy as one of the basic and central tasks of a comprehensive and modern diplomacy, and a driving force for the development of the country. The ministry is willing to share assessments and opinions on the world economic situation and emerging issues, as well as experience in developing economic diplomacy with Laos. At the seminar, both sides agreed on the importance and role of economic diplomacy in contributing to national development, affirming the necessity for the two ministries’ cooperation and sharing of experience in this field in the context of an extremely complicated world situation. … [Read more...] about Vietnam, Laos enhance cooperation in economic diplomacy

With expertise and advanced technology, Danish firms are expected to develop Vietnam's agri-food industry for high efficiency and sustainability. A delegation of 13 leading Danish agri-food firms in Solutions for Livestock & Food Production, Food Processing Technologies, Ingredients and Climate Control Solutions is giving expertise to Vietnamese partners Representatives of Danish companies attend the seminar held in Hanoi on August 17. Photos: Embassy of Denmark in Hanoi The delegation, which works in areas important for improving agri-food production towards high efficiency, green, and sustainability, expects to share experiences and introduce world-leading and well-proven Danish solutions in agri-food production and look for opportunities to cooperate with Vietnamese companies. The expertise was shared at during Seminar – Business Matchmaking held in Hanoi and Ho Chi Minh City on August 16-19. The events are part of a joint effort between the Embassy … [Read more...] about Denmark extends agri-food expertise to Vietnam

The city plans to raise the cultural industry’s contribution to GRDP to 5% by 2025 and 8% by 2030. From now to 2025, Hanoi will focus its efforts on boosting a number of cultural industries in line with local advantages and potential, including cultural tourism, handicraft, performing arts, cinema, designing, culinary, entertainment software and games, advertising, architecture, photography and exhibition, fashion, television and radio and publishing. By the end of this decade, the capital also sets to turn the cultural industry into a key economic sector driving the others’ growth. This will lay foundation for the capital city to improve local living standards; sustainably, harmoniously and comprehensively boost the economic, cultural and social development; turn itself into a globally-connected, civilized, modern and creative city by 2045. The municipal People’s Committee has asked its departments and units to raise awareness of the cultural industry among their staff, build … [Read more...] about Cultural industry to contribute to 10% of Hanoi’s GRDP by 2045

The event was attended by Naval Region 2’s Second-in-Command Naval Captain Dinh Van Thang; Chief of the Department of Politics of the Naval Region 2 Command Naval Captain Do Hong Duyen; Deputy Director of the Department of Agriculture and Rural Development of Ba Ria - Vung Tau province Pham Thi Na, and representatives of the district. On this occasion, doctors and medical staff from Le Van Thinh Hospital (Thu Duc city, Ho Chi Minh City) also joined the program. During the program, the troops distributed 500 leaflets to fishermen to popularize information about maritime boundary delimitation agreements between Vietnam and neighboring countries; legal documents on safe, sustainable and lawful fishing and fishing in line with environmental protection; and illegal fishing; among others. In addition, the Naval Region 2 Command also presented 500 national flags, 50 gifts, 100 life jackets, and 30 medical bags to needy fishermen; and provided them with free health check-ups and … [Read more...] about Naval Region 2 stands side by side with fishermen

Accordingly, the naval region and organizations visited and encouraged fishermen to conduct sustainable and lawful fishing at sea. In addition, the delegation also popularized information about maritime boundary delimitation agreements between Vietnam and neighboring countries; and legal documents on safe, sustainable and lawful fishing; to name but a few. Meanwhile, Naval Region 2 presented 500 national flags, 100 life jackets, and 30 gifts (worth VND 30 million) to needy fishermen’s children, and distributed documents on legal fishing. On this occasion, a medical team of Naval Region 2 presented 10 medical bags, and provided free health check-ups and medicines for over 200 fishermen in wards of Phuoc Loc and Phuoc Hoi in La Gi town of the province. Translated by Minh Anh … [Read more...] about Naval Region 2 cares for fishermen in Binh Thuan province

Vietnamese Defense Minister General Phan Van Giang delivered a pre-recorded speech at the second session of the conference. The MCIS-10 draws the participation of 700 delegates from 70 countries and six international organizations. During the event, there will be plenary sessions with topics on global security in a multipolar world, and regional issues amid global security: Asia-Pacific, Africa, Middle East, and Latin America. In his video address, Russian President Vladimir Putin emphasized the significance of the conference in consolidating peace and stability in the region and boosting partnership and dialogues in a constructive manner. Russian Minister of Defense Sergei Shoigu also had an opening speech at the event. In his pre-recorded speech at the second plenary session of the conference, Vietnamese Defense Minister Phan Van Giang spoke highly of the MCIS, saying that it is an important multilateral forum for participating countries to exchange points of view on … [Read more...] about Vietnam attends 10th Moscow Conference on Int’l Security

General Lich’s participation in the conference, at the invitation of the Russian Ministry of Defense, is a confirmation of Vietnam’s active, proactive and highly responsible role towards resolving regional and global issues and manifests Vietnam’s standpoint on security and development issues of common concern in the region and the world as a whole. As planned, on the sidelines of the event, the Vietnamese Defense Minister will meet with his Russian counterpart Sergey Shoygu, during which the two sides will continue discussing and mapping out new contents and measures to expand  bilateral defense cooperation, contributing to cementing the two militaries’ friendship and cooperation in line with the Vietnam-Russia comprehensive strategic partnership. Reported by Thu Trang Translated by Mai Huong … [Read more...] about High-ranking Vietnamese military delegation attends Moscow Conference on Int’l Security

The Vietnamese delegation, led by General Ngo Xuan Lich, member of the Politburo, Deputy Secretary of the Central Military Commission, Minister of National Defense, attended the conference. The conference focused on global and regional security issues, counter-terrorism, security in Europe and the Middle East, the situation in the Asia Pacific region, and the role of multilateral cooperation mechanisms in dealing with challenges. Russian President Vladimir Putin sent to the conference a message, which was read by Nikolai Patrushev, Secretary of the Security Council of Russia, at the opening ceremony of the conference. In his opening remarks, General Sergei Shoigu, Russian Minister of Defense, reviewed issues in Russia’s relations with NATO, countries inside and outside the region, and traditional partners in Asia Pacific. He stressed that Russia’s strategic partnership with China, India, Vietnam, Laos, and Myanmar is practical, and Russia is promoting partnership with Brunei, … [Read more...] about Seventh Moscow Conference on International Security opens

The People’s Army Newspaper would like to present an interview with Lieutenant General Vu Chien Thang, Director of the Department of Foreign Relations under the Ministry of National Defense, on the visit of the Vietnamese delegation to Moscow on this occasion. Reporter: Could you please tell us about the goal and significance of the participation of the Vietnamese high-ranking military delegation in the seventh Moscow Conference on International Security? Lieutenant General Vu Chien Thang: The Vietnamese high-ranking military delegation led by General Ngo Xuan Lich is participating in the conference in the context that the Vietnam-Russia comprehensive strategic partnership in general, and the bilateral defense ties in particular, have been developing dynamically and effectively. The Moscow Conference on International Security, the proven prestigious and important forum for discussion of global security issues, has contributed to promoting peace, stability and security in the … [Read more...] about Vietnam’s role and responsibility reaffirmed