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Roundtable: Large foreign investment funds want to pour money into the Vietnamese stock market Quan Duc Hoang, chairman of A+ Fund, made the comments about foreign capital at the roundtable 'New Investments amid New Volatility' hosted by VIR at its headquarters in Hanoi on February 7. “Recently, I have business trips to work with big investment funds in the United States, the United Kingdom, and South Korea. Not one of these investment funds have a sensitive overview of the Vietnamese investment environment. They estimate that it is an ideal time for investors to collect a portfolio of shares,” Hoang said. “In spite of the difficult situation, during the past nearly 30 years, I have yet to see a large investment opportunity similar to the current situation because many Vietnamese enterprises are operating smoothly and generating good profits. Besides, we have yet to take thorough advantage of the opportunity from free trade agreements, especially EVFTA. The important note is … [Read more...] about Foreign investment funds plan to pour money into Vietnamese stocks

In an interview with the press ahead of the PM’s trip from February 8-11, Deputy Minister of Foreign Affairs Do Hung Viet stressed that the relations between Vietnam and the two countries are based on a lot of similarities in politics, economy, culture, and people-to-people exchange. The trip is of great significance, he said, noting that this is the first by Pham Minh Chinh in his new position that aims to manifest the consistent policy of prioritizing relations with neighboring countries and ASEAN, as set at the 13th National Party Congress. He added that this is also the first official visit by a leader of the Vietnamese government to Singapore over the past five years, and to Brunei over the past nearly 16 years. Therefore, the visits are expected to deepen the strategic partnership with Singapore, an important economic partner of Vietnam, and the comprehensive partnership with Brunei, also a promising economic partner, according to the official. For Singapore, the visit … [Read more...] about Prime Minister Pham Minh Chinh’s Singapore, Brunei visits look toward cohesive ASEAN

After the welcoming ceremony, the host and Gen. Cuong held talks. At the meeting, the commander of the Royal Brunei Armed Forces expressed his honor to receive General Cuong and the Vietnamese delegation in Brunei. He highlighted the visit, stressing that it is of special significance in boosting political trust, mutual understanding, and cooperation between the two militaries, making substantive contribution to developing the comprehensive partnership between Vietnam and Brunei. Expressing thanks to the host for the solemn reception, General Cuong believed that the visit will help deepen the flourishing relations between the two militaries. The Vietnamese chief of the General Staff underlined the constant development in the two countries’ relationship over the past time. Especially, since Vietnam and Brunei elevated their ties to the comprehensive partnership during the Sultan of Brunei’s official visit to Vietnam in March 2019, the bilateral relationship has been closer with … [Read more...] about Comprehensive cooperation between Vietnamese, Brunei militaries promoted

Attending the 77th U.N. General Assembly (UNGA 77)’s plenary on Secretary-General António Guterres’s priorities in 2023, the UNGA 77 Vice President also called on the international community to join efforts to implement the sustainable development goals (SDGs), the 2030 Agenda and other global commitments and priorities, through respecting the U.N. Charter and international law. It is important to address conflicts by peaceful means, boost multilateral cooperation, strengthen financial support and reform of the international financial system, ensure resources for sustainable development, and pay more attention to climate change and justice, he emphasized. The diplomat also reaffirmed the country’s backing for the U.N. Secretary-General’s role and efforts, and its commitment to maintaining close collaboration with other U.N. member states. Guterres expressed his concerns about the complicatedly developing world situation, with multi-dimensional challenges from the lingering … [Read more...] about Vietnam reaffirms support for U.N. Secretary-General’s role, efforts

The writing, titled “Vietnamese PM to visit S’pore as both countries eye green and digital economy deals,” cited Singapore’s Ministry of Foreign Affairs (MFA) as saying that the visit takes place as both countries celebrate 50 years of diplomatic relations in 2023. It also marks the 10th anniversary of a strategic partnership agreement signed in 2013, which had upgraded ties and opened new areas of cooperation. This is PM Pham Minh Chinh’s first official visit to Singapore since he took office in 2021. Both PMs will witness the signing of bilateral agreements that will further strengthen the multifaceted cooperation between Singapore and Vietnam, particularly in the digital and green economies, said the MFA. The trip comes on the back of high-level meetings between the two sides in 2022, such as the visits to Vietnam by President Halimah Yacob in October and Deputy PM Heng Swee Keat in September. The article noted Singapore and Vietnam have strong economic ties, with bilateral … [Read more...] about Singaporean daily spotlights Prime Minister Pham Minh Chinh’s official visit

The following is the full text of the interview. Reporter: This year marks the 50th anniversary of diplomatic relations and 10th anniversary of strategic partnership between Singapore and Vietnam. How do you evaluate the Singapore-Vietnam relations in the past half century, especially in the last decade? What should the two countries do to further our bilateral cooperation and to advance the development of each country? Vivian Balakrishnan: The ties between Singapore and Vietnam have grown from strength to strength since we established diplomatic relations 50 years ago. We are longstanding friends and close partners that enjoy wide-ranging cooperation in many areas, both bilaterally and at multilateral fora. I am heartened that the bilateral relationship has continued to expand and evolve to tackle new challenges over the past decade. Our linkages are particularly strong in trade and investment. The 12 Vietnam-Singapore Industrial Parks (VSIPs) across Northern, Central, … [Read more...] about Prime Minister Pham Minh Chinh’s visit to enhance Singapore-Vietnam relations: Singaporean Foreign Minister

Captain and vessel owner Le Quang Anh of Tam Hai commune, the province’s Nui Thanh district, said that before any fishing trip, he brings documents to Ky Ha port border guard station for registration. The documents include the list of crewmembers, their working positions, hull insurance contract, crew insurance, and the vehicle's license plate. He said that in addition to bringing along fishing equipment and tools, fishermen must fully comply with regulations on the at-sea fishing process following the Law on Fisheries. For offshore fishing vessels, these requirements are much stricter to restrict their operation in other countries' fishing grounds. Local authorities, border guards, coast guards, and fisheries surveillance forces regularly tell fishermen about the legal process of sea fishing, and this make them better aware of obeying relevant regulations. Anh said that offshore fishing vessels in the district are required to install kinds of necessary equipment including … [Read more...] about Quang Nam fishermen pledge to implement regulations against IUU fishing

Nguyen Thi Thanh, who said that she was a survivor of the mass killing of about 70 people in Phong Nhat - Phong Nhi Village in the central province of Quang Nam in 1968 by South Korean marines, filed a damages suit against the South Korean government in 2020, seeking ₩30 million as compensation. Thanh said she lost her family members and received gunshot injuries during the incident, the Yonhap News Agency reported. The Seoul Central District Court on Tuesday ruled in favor of Thanh, ordering the state to compensate her the aforementioned amount of money, plus interests. While the South Korean government argued that it was immune to the damages suit filed by a Vietnamese due to an agreement signed between Vietnam, South Korea and the U.S., the court rejected the argument. It also rejected another claim that the South Korean marines’ involvement in the murder has not been clearly proven, or that it was justifiable in the context of the war. Thanh said she was "tremendously … [Read more...] about South Korean court orders state to compensate Vietnamese woman for Vietnam War massacre

Established last December between Vietnam and the International Partners Group (IPG), the Just Energy Transition Partnership (JETP) could facilitate Vietnam in achieving its goal of net-zero by 2050 and a future for green power. Chan Hong and Vi Nguyen, lawyers, Dentons LuatViet, Dentons Global Highlights of Vietnam JETP $15.5 billion to be mobilised An initial amount of at least $15.5 billion will be deployed over the next 3 to 5 years through a combination of financial instruments with the following breakdown: • IPG members will mobilise half of that total ($7.75 billion) through public sector financing, likely on more attractive terms than Vietnam could secure in the capital markets. • Glasgow Financial Alliance for Net Zero Working Group (GFANZ) members will work to mobilise and facilitate the other $7.75 billion through private financing, once the public sector financing has been secured by the IPG. JETP Resource Mobilisations Plan The initiative … [Read more...] about $15.5 billion in financing for green energy from Just Energy Transition Partnership

ASEAN countries like Vietnam are not spared from the impact of climate change. Rapid economic development also means increasing demand for energy and power to meet the pace of growth, which leads to an increase in CO2 emissions. The journey to a cleaner future Takeshi Masuyama, Managing director, regional head of Vietnam, MUFG Bank, Ltd. The Vietnamese government has announced in various international forums its commitment to address environmental issues, and has firmed up its national net-zero target. In addition, the announcement of the Vietnam Just Energy Transition Partnership (JETP) in last December is another milestone and will further rally the private and public sectors towards accelerating the country’s green transition. MUFG is part of the working group convened by the Glasgow Financial Alliance for Net Zero (GFANZ) supporting the JETP initiative for Vietnam. The sustainability mission Since announcing our Carbon Neutrality Declaration in 2021, MUFG … [Read more...] about Committed to empowering a brighter future