Maturity on government bonds

Real estate bonds shackled by rules - illustration photo At last week’s conference on corporate bonds held by the Vietnam Chamber of Commerce and Industry, experts discussed ways to develop an efficient and sustainable corporate bond market. One of the common recommendations regarded appropriate approaches to credit ratings. According to Can Van Luc, BIDV’s chief economist, there should be clear regulations on credit ratings to help investors easily determine business quality and the risk level of the issued bonds. “It is necessary to identify where a credit rating is mandatory and where a credit rating is encouraged. High-risk businesses should go through compulsory credit rating before bond issuance,” Luc said. “On the other hand, for businesses that have been audited and internationally rated with a long-standing history, a credit rating might not be necessary.” In recent years, the State Bank of Vietnam (SBV) has steadily redirected loan flows towards industry, services … [Read more...] about Real estate bonds shackled by rules

Petrol retail prices in the country have been adjusted many times over the past few months, Photo: Le Toan In Vietnam, gasoline prices continue to increase, and after the adjustment on May 11 by the Ministry of Industry and Trade (MoIT) and the Ministry of Finance, each litre of E5 RON92 petrol increased by 6.5 US cents to $1.26 per litre while RON95 climbed by 6.7 US cents to $1.30 per litre. On May 17, the price of US WTI crude oil remained at a high level of over $114 per barrel while Brent oil maintained its upward momentum at $114.28 per barrel. Before the next adjustment, which was due on May 21, petrol prices in Vietnam were forecast to continue to increase to higher levels. The ministries first adjusted gasoline prices on January 11 due to a decrease in global supply, production output by Kazakhstan and Libya, and oil inventories of the United States. According to Decree No.95/2021/ND-CP, effective from January, there will be three adjustments each month to the … [Read more...] about Vietnam riding the wave of inflationary unpredictability

The Hanoi government will improve mechanisms and policies to encourage the participation of the private sector in the field of high-tech agriculture. Hanoi needs to remove two barriers of capital and land to attract businesses to invest in high-tech agriculture, according to local media. Applying high-tech in agriculture is inevitable for the capital city’s farming sector, especially in face of the Industrial Revolution 4.0 which has strong impacts on socio-economic life. In order to remove the agricultural development hindrance, the Hanoi government has implemented a number of solutions such as providing businesses, cooperatives, cooperative groups, farms, and households with money from the city's funds for processing and conservation of high-tech agricultural products. Tending hydroponic vegetables at Duc Phat High-tech Agricultural Cooperative (Thanh Tri district). Photo: Ba Hoat In particular, under the Hanoi Agricultural Sector’s restructuring plan … [Read more...] about Hanoi needs to remove barriers to develop high-tech agriculture

Vietnam ICT Summit 2017 is the platform for administrative agencies and IT enterprise community to discuss solutions and strategies with the objective of taking Vietnam to join the industrial revolution 4.0. On September 6, the first theme in the Vietnam ICT Summit 2017 of “Vietnam: Digital Transformation in Industry 4.0” has been discussed. In particular, the Deputy Prime Minister Vu Duc Dam has given the opening speech at the summit. As such, the Deputy Prime Minister stressed, industrial revolution is more and more influencing various aspects of socio-economic in the world, as well as in Vietnam. This is not only an opportunity for Vietnam to transform, but also poses a potential threat to the country. The Deputy Prime Minister Vu Duc Dam gave a speech at the summit. According to the Deputy Prime Minister, in 2017, the global innovation index (GII) of Vietnam has increased 12 places to the 47th rank, thanks to the significant contribution from IT … [Read more...] about Industrial revolution 4.0: Human resources are key

Many retailers in phone and electronics segments focus on developing online channels to survive during the coronavirus pandemic period. To survive adverse effects of the coronavirus pandemic, many Vietnamese tech retailers have quickly boosted their sales on online platforms as their physical stores nationwide have to close until April 15 to comply with the prime ministerial directive stipulating measures to combat the pandemic. Photo: MWG Significant demand on tech products Mobile World Investment JSC (MWG), the largest tech retailer in Vietnam, saw a surge in demand in online shopping since the beginning of April as more than 10% of its 2,000 phone and electronics stores, mainly in Hanoi, have to close. Dang Thanh Phong, PR manager of MWG, told Hanoitimes that its revenue from online sales accounted for 13% of the total phone and electronics revenue in March, higher than that of the previous months. Due to the closure of its stores, sales in … [Read more...] about Vietnamese tech retailers manage to survive Covid-19 pandemic

A contest about Vietnam’s history of patriotic traditions is launched The contest is organized by the Ministry of Information and Communications in collaboration with the Ministry of Education and Training and the Education and Times newspaper will carry out it. This is an activity under the Prime Minister's Project on supporting information and propaganda on ethnicity and religion. Contest entrants are education administrators, teachers, and employees who have been working in the education sector and students and parents nationwide who are interested in the contest. The content of entries is not fictional and focuses on the following contents such as the values of religion for social life which contributes to the promotion of the strength of the great national unity bloc, religious solidarity in the cause, building and defending the fatherland, the national history, patriotism, tradition of the national building and defense, and the national unity. At the same time, entries … [Read more...] about Contest about Vietnam’s history of patriotic traditions launched

A delegation of Ho Chi Minh City visits Vientiane-Ho Chi Minh City friendship high school. Pupils are eager to welcome the city delegation. Accompanying the delegation were Major General Nguyen Truong Thang, member of the Party Central Committee and Commander of Military Region 7; Lieutenant General Nguyen Van Nam, member of the Executive Board of HCMC Party Committee, Commander of the Military Command of Ho Chi Minh City; Deputy Chairman of Ho Chi Minh City People’s Committee Ngo Minh Chau and leaders of departments and agencies. At the meeting, the city Party chief pleasured at the visit to Vientiane-HCMC friendship high school, and he extended the best wishes of health and happiness to the teachers and scholars with more achievements on studying and teaching. The high school was established under the initiative of Mr. Nguyen Minh Triet, former Secretary of the Ho Chi Minh City Party Committee, former President of the Socialist Republic of Vietnam and Mr. Thongsing … [Read more...] about High-ranking delegation of HCMC visits Vientiane-HCMC friendship high school

Chairman of the municipal People's Committee Nguyen Thanh Phong affirmed the interest of the city’s leaders in further strengthening of all-round cooperation between HCM City and localities in Laos. Ho Chi Minh City has supported Laos in many various projects, including upgrading Vientiane-Ho Chi Minh City friendship high school worth US$ 5 million; building financial information center, human resource training, Xieng Khouang Province’s library, former President Kaysone Phomvihane Memorial Museum, Houaphan province’s office building, the cultural center of minority ethnic group in Champasak province. Mr. Khamphanh Phommathat expressed his thanks to the HCM City’s government in enhancing the special relationship and cooperation between the two countries. By THUY VU – Translated by Kim Khanh … [Read more...] about HCM City, Laos enhance bilateral cooperation

Responding to a question about Vietnam’s economic development policy, Hang stressed that Vietnam sees foreign investment as an important resource and a driving force for the country’s economic development, international cooperation and engagement in global value chains. To boost production, business and economic recovery after the COVID-19 pandemic, the Vietnamese government has adopted various solutions to streamline administrative procedures and improve the investment environment, contributing to building confidence among foreign firms and attracting investment, she said. Vietnam will continue its focus on measures to increase productivity in the production and business sector, consolidate and improve the quality of infrastructure, and develop high-quality human resources, according to the spokeswoman. At the same time, more policies will be rolled out to lure more foreign investors to expand their operations in areas that match the country’s development orientations, … [Read more...] about Vietnam facilitates long-term operations of foreign firms: Spokeswoman

The recipients were selected from Vietnamese government officials, non-governmental organizations (NGOs), academic institutions, and private sectors. They will gain a world-class education and advance their knowledge and skills across a range of areas, including natural resource management, entrepreneurship, gender equality, disability inclusion and vocational education management. This year, the Australian Government has provided 10 more scholarships within the framework of the Mekong-Australia Partnership – a regional initiative by Australia to support Mekong countries with common challenges. The recipients will be educated on necessary skills to help Vietnam deal with emerging regional challenges. According to Australian Ambassador to Vietnam Robyn Mudie, the 55 Australia Awards Scholarship recipients will contribute to strengthening the Australia-Vietnam partnership and addressing regional and national challenges in the future. For the Vietnamese part, Dr. Nguyen Tien Dung, … [Read more...] about 55 Australia Awards Scholarship recipients ready to study in Australia