Foreign Ministry Deputy Spokeswoman Pham Thu Hang answered questions regarding citizen protection abroad during a regular press conference in Hanoi on March 31. On China’s recent arrest of 108 Vietnamese workers for illegal immigration, Hang said upon learning about the news, the Vietnamese Consulate General in Nanning contacted and sent a diplomatic note to authorities of China’s Guangxi province, as part of citizen protection procedures. According to the Consulate General, the workers are being detained in Ping Xiang, Guangxi for investigation and are healthy and under humane treatment. After screening and finding the mastermind, they will be deported and handed over to Vietnamese authorities. The Consulate General is actively working with Chinese authorities to track the case, she said. Regarding Malaysia’s arrest of 25 Vietnamese crewmen for suspected illegal fishing, Hang said the Foreign Ministry and the Vietnamese embassy in Malaysia are working with host … [Read more...] about Foreign Ministry deputy spokeswoman clarifies citizen protection abroad
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Along with Vietnam, this year, the event was attended by many Asian countries such as Brunei, Cambodia, India, the Republic of Korea, Indonesia, Malaysia, Japan, the Philippines, Thailand and China. The Vietnamese booth introduces various traditional cultural and craft products, along with publications and dishes The Vietnamese booth introduced various traditional cultural and craft products, along with publications and dishes, leaving positive impression in foreign friends. ADSA President Priscila Confiado highly valued Vietnam’s support of and participation in charity activities in Egypt. She held that this is a good chance for Asian countries and Vietnam to introduce their culture and cuisine to Egyptian people. Nguyen Thanh Nga, the wife of the Vietnamese Ambassador in Egypt, said that Vietnam’s participation at the event aims to contribute to joint efforts to ease difficulties of poor people in the host country, while promoting the image of Vietnam … [Read more...] about Vietnam attends international charity bazaar in Egypt
Foreign banks have been expressing eagerness to jump on the mergers and acquisitions (M&A) bandwagon in the banking sector. The case of JTrust conglomerate from Japan recently joining the restructuring of Construction Bank (CBank) has raised the possibility of cross-border bank M&A accelerating the speed of banks reorganising in Vietnam with the government’s support. JTrust has announced that they have carried out intensive research to understand the restructuring process of CBank, according to Nobiru Adachi, director of JTrust Asia. They also propose some supportive actions from the Vietnamese government and the State Bank of Vietnam (SBV). Construction Bank (CBank) is on the cusp of restructuring According to Deputy Prime Minister Vuong Dinh Hue, the Vietnamese government would like to co-operate with clients who could boost the restructuring process of CBank and alleviate Cbank’s financial hardships. The government guarantees to provide favourable … [Read more...] about Foreign investors to join restructuring of Vietnamese banking system
The US-China over artificial intelligence is heating up, but some warn the US could be over-reacting. "China is betting on AI and investing in AI and deploying AI on a scale no other country is doing," says Abishur Prakash, a futurist and author of books about the effect of artificial intelligence (AI) on geopolitics. As developments in AI accelerate, some in the US fear that the ability of China's powerful central government to marshal data and pour resources into the field will push it ahead. The country has announced billions in funding for start-ups, launched programmes to woo researchers from overseas and streamlined its data policies. It has announced news-reading robots and AI-powered strategy for foreign relations. Perhaps most alarming to the US are its efforts to incorporate it into its military. In the last few years, Washington has toughened oversight of Chinese investments, banned US firms from doing business with certain Chinese companies and increased criminal … [Read more...] about Is China gaining an edge in artificial intelligence?