Money market participants

Before today's trading session, investors received the news that the Vietnam Securities Depository (VSD) had recently consulted on a draft regulation on clearing and payment of securities transactions under the direction of adjusting the payment time for completing the T+2 settlement cycle of the State Securities Commission of Vietnam. One of the essential contents of this draft is the adjustment of the time for securities settlement and clearing banks to complete payment from 3.30 p.m. to 4 p.m. to from 11.30 a.m. to 12.30 p.m. on the trade date plus two days (T+2). With this new regulation, investors can trade right in the afternoon trading session of T+2. According to the draft, the money for securities transactions will be transferred to investors' accounts one day earlier than the old regulations. Therefore, investors can use the money to buy securities right in the afternoon trading session of T+2 instead of having to advance money as before. The new regulation on clearing … [Read more...] about Securities stocks strengthen after draft on T+2 settlement cycle

The projects are located at the Thuan Bac District of Vietnam, having started operations in 2020 under a 20-year PPA at US$93.5/MWh. This transaction is expected to establish a long-term relationship between Xuan Thien Group and EDPR to jointly explore additional opportunities in the region contributing to accelerate EDPR growth prospects in APAC. With this transaction, EDPR doubles its operational capacity in Vietnam, strengthening its presence in the APAC region, a market where it entered in 2021 and has been since reinforced with the integration of Sunseap in February 2022. The transaction is subject to regulatory and other customary precedent conditions. Hyperion Investment Advisory Limited was Xuan Thien's advisor in the transaction. EDPR completed its S$1.1 billion acquisition of Sunseap Group earlier this year, establishing a clean energy hub for the Asia Pacific region that is headquartered in Singapore. EDPR expects to invest up to S$10 billion in the region … [Read more...] about EDPR acquires two solar projects in Vietnam

At the meeting The statement was made by Chairman of the HCMC People’s Committee Phan Van Mai at a meeting on the city’s socio-economic situation in the first half of the year that was held on June 29 with the participation of Secretary of the Party Committee of the city Nguyen Van Nen and Chairwoman of the municipal People’s Council Nguyen Thi Le. Problems of administrative procedures are the biggest obstacles that have affected the attraction of capital resources, public investment disbursement and impeded capital flows into trade and business production, he said. The city’s chairman asked departments and agencies to focus on solving barriers to promptly handle requests of individuals and businesses to speed up the economy. Chairman of the HCMC People’s Committee Phan Van Mai (L), Secretary of the Party Committee of the city Nguyen Van Nen (C) and Chairwoman of the municipal People’s Council Nguyen Thi Le attend the meeting. (Photo: SGGP) Chairman of the HCMC … [Read more...] about HCMC’s economies recover quickly together

At the seminar The symposium was participated by the UNESCO Representative in Vietnam, Christian Manhart; Consul General of India in HCMC, Madan Mohan Sethi; Secretary of the Party Committee of Ben Tre Province, Le Duc Tho; Deputy Head of the Central Propaganda and Training Commission, Phan Xuan Thuy; Deputy Minister of Culture, Sports and Tourism, Hoang Dao Cuong, leaders of provinces and cities, Vietnamese and international scientists. UNESCO Representative in Vietnam, Christian Manhart (L) and  Consul General of India in HCMC, Madan Mohan Sethi (C) attend the event. Speaking at the event, Deputy Minister of Culture, Sports and Tourism, Hoang Dao Cuong emphasized that celebrity Nguyen Dinh Chieu used the pen as a weapon to express his patriotism and love for the people. He was not only a Vietnamese poet who was known for his nationalist and anti-colonial writings against the French colonization of Cochinchina, an exemplary teacher but also a popular medical … [Read more...] about Int’l seminar on Great celebrity Nguyen Dinh Chieu celebrates his 200th birthday

Illustrative photo (Source: VNA) Hanoi (VNA) - Vietnam is emerging as a good option for Kiwi exporters looking to diversify where they sell their goods, said New Zealand’s new site 1news .co.nz in a recent article. The article cited the Ministry of Foreign Affairs and Trade of New Zealand’s report prepared by the Embassy in Hanoi as saying between 2016 and 2021, Vietnam led ASEAN in terms of growth per capita. This growth rate is higher than that of other major ASEAN markets such as Singapore, Malaysia, or the Philippines Trade Commissioner Joseph Nelson said Vietnam is a "frontier market" presenting new opportunities, and challenges, to Kiwi exporters looking to diversify. "As Vietnam has come out of its COVID waves, we are seeing a really strong bounce back in the economy. GDP is expected to be between 6.5% to 7.5% next year," he said as quoted by the article. "All the markets in Southeast Asia are bouncing back quite strongly, but Vietnam definitely is the best … [Read more...] about Vietnam’s economy lures New Zealand exporters

Ambassadress Nguyen Phuong Tra, Deputy Permanent Representative of Vietnam to the UN. (Photo: VNA) In her remarks, Ambassador Nguyen Phuong Tra, Deputy Permanent Representative of Vietnam to the UN, pointed out that while the Covid-19 pandemic continues to threaten peace and development efforts, conflicts in many regions have led to heavy casualties and growing humanitarian challenges. She held that the international community should give high priority to ensuring compliance with international law and the UN Charter. She also underlined the role of multilateralism and multilateral mechanisms with the UN at their center. To promote a ceasefire, it is necessary to boost compliance with Resolutions 2532 and 2565, and relevant resolutions of the UN Security Council, Tra said, suggesting a framework be set up to effectively monitor ceasefire agreements in conflict-hit regions. Highlighting Vietnam’s efforts to promote the UN Security Council’s adoption of Resolution 2573 on the … [Read more...] about Vietnam reaffirms support for UN Secretary-General’s appeal for global ceasefire

Rediscover Vietnam” is co-held by Thien Minh Group and national flag carrier Vietnam Airlines for travel promotion in Australia. (Photo: VNA) Called “Rediscover Vietnam”, the event was co-held by Thien Minh Group and national flag carrier Vietnam Airlines, with more than 80 travel firms and tour operators across Australia in attendance. It was the last of a series of travel promotion events held in multiple countries, including the UK, Germany, France, the US, Japan and the Republic of Korea. Thanh said the number of Australian arrivals in Vietnam and vice versa hit a record high of 600,000 in 2019 before the Covid-19 broke out globally. Given that the two countries established a Strategic Partnership in 2018 and bilateral ties continued to grow despite the pandemic, travel between Vietnam and Australia will be on a rise and surpass pre-pandemic records in the coming years, he said. The Vietnamese diplomat pledged to provide all possible conditions for Australian travelers … [Read more...] about Travel promotion “Rediscover Vietnam” held in Australia

The visit aims to maintain and deepen the cooperative relations between the two countries and affirm the importance Vietnam attaches to the Vietnam-U.K. Strategic Partnership. Through meetings and working sessions with the U.K.’s authorities, businesses and the Vietnamese community in the U.K., Vietnam expects to attract more resources serving its post-pandemic socio-economic development. During his visit, N.A. Chairman Hue will hold talks with McFall and Hoyle, and have meetings with other high-ranking officials of the U.K. government and parliament; and representatives from the business community and major economic, finance and education corporations of the European nation. The visit is expected to contribute to further strengthening the Vietnam-U.K. Strategic Partnership in various fields and at all levels, promoting cooperation between the two countries’ legislative bodies; and expanding cooperation in potential fields such economy, trade - investment, finance - banking, … [Read more...] about N.A. Chairman begins official visit to U.K.

At the meetings with a leader of Gedeon Richter Company – Hungary’s multinational company operating in the field of pharmaceutical manufacturing and biotechnology research and development (R&D), and representatives of Egis Company - a leading pharmaceutical company in the Central Eastern Europe, Hue appreciated the results of their activities in Vietnam, adding that pharmaceuticals is the country’s potential field of cooperation with many preferential policies. Leaders of Gedeon Richter and Egis showed their hope that Vietnam will speed up and simplify administrative procedures for drug registration so that many new products can be supplied to the Vietnamese market; issue a longer pharmaceutical distribution license; and find solutions to some problems related to drug registration. Noting their recommendations, the Vietnamese N.A. Chairman stated that not only the Ministry of Health but also other ministries and sectors are stepping up administrative procedure reform in order … [Read more...] about N.A. Chairman receives leaders of several Hungarian companies

Trade Counselor in Belgium Tran Ngoc Quan briefed participants on the investment environment in Vietnam at the event during which potential and strengths of Belgian regions were introduced. According to Ambassador Nguyen Van Thao, there remains great potential for Vietnam and Belgium to expand their cooperation, especially in agriculture; green growth; seaport and logistics development and innovation. The two countries should work closely to create a favorable environment for the business community of both sides to exploit these potentials, he said. Mariella Cantagalli , an expert from the Directorate General for Trade of the E.C., said the E.U.-Vietnam Free Trade Agreement (EVFTA) has facilitated the exchange of trade and import-export between Vietnam and E.U. member countries in general, and Belgium in particular. Vietnam and Belgium has become strategic partners in agriculture. The two-way trade reached a record of 3.6 billion EUR (nearly 3.8 billion USD) in 2021. The … [Read more...] about Vietnam, Belgium look to step up trade, investment ties