Open sessions

These institutions focus mostly on settling their own debt and do not engage much in trading, so the overall process is slow and length in Vietnam, said Dr. Can Van Luc, Chief Economist at BIDV, Vietnam’s biggest state-owned bank, at a conference Friday. The country currently only allows two state-owned firms to trade debt: the Vietnam Asset Management Company (VAMC), and the Vietnam Debt and Asset Trading Corporation (DATC); in addition to banks. Vietnam  should open up its debt market to a diverse range of investors as they do in other countries like the U.S., South Korea, China, and Thailand, where the market includes a diverse range of players ranging from investment banks, investment funds, insurance companies, and pension funds to individual investors and professional valuation companies, he said. Vietnam’s market, on the other hand, lacks brokers, professional consultants, and independent asset valuators such as insurance or securities companies. Debt trading is … [Read more...] about Vietnam should open up debt-trading market to private investors: experts

Defence Minister Ngo Xuan Lich (L) attends the ASEAN Defence Ministers’ Meeting Retreat. (Photo: VNA) Bangkok (VNA) – The ASEAN Defence Ministers’ Meeting Retreat (ADMM Retreat) opened in Bangkok on November 17. In his remarks, Thai Deputy Prime Minister Prawit Wongsuwan thanked the defence ministers and the ASEAN Secretariat office for supporting the country to complete its role as the ASEAN Chair in 2019, and particularly successfully organise the ASEAN defence ministers’ meetings. He spoke highly of the ASEAN member states’ positive roles in promoting security-defence cooperation within the bloc, contributing to the maintenance of ASEAN’s central role to effectively cope with regional challenges. The official expressed his hope that the meeting will serve as a venue for competent sides to exchange experience and opinions on defence and security issues, helping further boost collaboration in the field in the time ahead. As scheduled, … [Read more...] about ASEAN Defence Ministers’ Meeting Retreat opens in Thailand

Delegates at the opening ceremony. The programme, promoted by the United States Navy in 2004, will last until May 18, with a wide range of activities, including medical examinations for local people, medical expertise exchange, the construction and repair of hospitals and schools, and a conference on natural disaster response, among others. US Consul General in Ho Chi Minh City Mary Tarnowka said that the US wants to join hands with its partners to help Vietnam realise the country’s targets in building capacity to respond to natural calamities and contributing to ensuring the Indo-Pacific as a safe region through PP19 and other humanitarian programmes. Meanwhile, Vice Chairman of the provincial People’s Committee Nguyen Chi Hien stressed that the Pacific Partnership programme, successfully held in Vietnam on nine occassions, is a vivid illustration of sound cooperation among regional countries in coping with climate change. This is an opportunity for Phu Yen province … [Read more...] about Pacific Partnership 2019 program opens in Phu Yen

 A photo named "Vietnamese smile" taken by French photographer Rehahn The gallery features more than 30 unique traditional costumes of ethnic groups in Vietnam, 200 photos of Vietnam’s cultural heritages and a number of stories about his explorations in French, English and Vietnamese languages. The museum also preserves photos taken during his 5-year long journey to the 54 Vietnamese ethnic groups. The gallery opens on weekdays from 8:30am to 8:30pm at 26 Phan Boi Chau street for visitors to retrace his steps and discover Vietnam’s rich and vast cultural heritage. Translated by Thuy Duong … [Read more...] about French photographer opens gallery featuring Vietnam’s cultural heritages

At the Rong May Glass Bridge ecological tourism site (Photo: VNA)   Lai Chau (VNA) – The Sun Gate Group on November 16 inaugurated the first stage of Rong May Glass Bridge ecological tourism site, as part of Thac Trang (White Falls) tourism project, in Son Binh commune, Tam Duong district, the northwestern mountainous province of Lai Chau. With beautiful scenery and mild climate all year round, the tourism site also connects the centre of Sa Pa tourism area with Tac Tinh waterfalls, Tien Son cave, Pu Sam Cap cave and community-based tourist areas of Thai, Mong, Dao, Lao, Lu ethnic minority groups. Chairman of the Tam Duong district People’s Committee Tu Huu Ha said the site will contribute to local socio-economic development and job creation to local workers. The site, built at a total cost of 1 trillion VND (43.4 million USD) in January 2018, will operate for up to 50 years with facilities such as a hotel, an elevator system and a … [Read more...] about First stage of Rong May Glass Bridge tourism site opens in Lai Chau