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Hungary was the first European Union state to approve the EU-Vietnam Investment Protection Agreement (EVIPA). Vietnam and Hungary are expected to sign an agreement on cooperation between the two parliaments in replacement of the one inked in 2008. Chairman of Vietnam’s National Assembly Vuong Dinh Hue and István Jakab, Deputy Speaker of the National Assembly of Hungary, in Budapest on June 26 (local time). Photos: VNA The agreement would be signed during the visit to Budapest by Chairman of Vietnam’s National Assembly Vuong Dinh Hue on June 26-28 at the invitation of Speaker of Hungary’s National Assembly László Kövér. The parliamentary cooperation is evidence of the Comprehensive Partnership agreed in 2018 during the visit paid by General Secretary of the Communist Party of Vietnam Nguyen Phu Trong to the European country. The cooperation agreement is believed to cover three main fields namely the exchange of visits of high-profile officials and … [Read more...] about Vietnam, Hungary to sign new parliamentary cooperation agreement

The Partnership for Global Infrastructure and Investment, unveiled with fanfare by U.S. President Joe Biden and G7 allies from Canada, Germany, Italy, Japan and the European Union, aims to fill a huge gap left as communist China uses its economic clout to stretch diplomatic tentacles into the furthest reaches of the world. Biden said the target was for the United States to bring $200 billion to the table, with the rest of the G7 another $400 billion by 2027. Funding the kinds of projects that China currently dominates -- everything from roads to harbours in far-flung corners of the world -- is not "aid or charity," Biden said. Highlighting the geostrategic thinking behind the plan, Biden said such projects "deliver returns for everyone, including the American people and the people of all our nations." Around the world, the role of China's democratic rivals is "a chance for us to share our positive vision for the future" and for other countries to "see for themselves the … [Read more...] about G7 touts $600 bn global infrastructure plan to rival China

Saravoot Yoovidhya, CEO of TCP Group, announced the new corporate purpose in Vietnam From 2022 to 2024, TCP Group is further driving the organisation towards sustainable business growth and creating a positive impact on society and the environment, locally and globally. "Five years ago, we announced the synergy of our various businesses into TCP Group, and we have been working towards sustainable development goals ever since. Up to now, events like COVID-19 and digital transformation have tremendously affected business, society, and the environment. We, therefore, are revisiting our purpose and strategies in every aspect to prepare for the volatile future and to create growth for the organisation while energising the sustainability of the world with a new purpose, called Energising A Better World For All,” said Saravoot Yoovidhya, CEO of TCP Group. Throughout its over 60 years of operation, TCP Group's priority has been to ensure the development of the economy, society, and … [Read more...] about TCP Group’s CEO announced a new corporate plan

Five talents were revealed at the final of the football talent recruitment tournament hosted by Red Bull and HAGL FC Through the event, the young gifted footballers got the chance to show off their talent and passion, approach professional vocations, unleash positivity, and ignite their inner strength. The tournament is among the efforts of the long-term growth commitment of TCP Group in Vietnam. The finals were conducted on June 26 at the Seventh Military Region Stadium in Ho Chi Minh City, drawing over 5,000 fans. Saravoot Yoovidhya, CEO of TCP Group stated, “I am really glad to witness the positive and energetic atmosphere during the finals of the tournament. The love of football, the great atmosphere, and the fearlessness of talents spread positivity throughout the community. This is also TCP Group's purpose, which is to energise everyone to boldly and happily conquer all obstacles, making a better world for all." In the finals, 20 chosen talents from the local … [Read more...] about Red Bull and HAGL FC tournament reveal five fresh football talents

Inside a factory of Hoa Phat Group (HPG). HPG increased 5 per cent on Monday. — VNA/VNS Photo Vietnamese shares on Monday surpassed the 1,200-point mark, underpinned by steel and banking stocks. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index increased 1.46 per cent, to 1,202.82 points. The benchmark last week registered a weekly decrease of 2.6 per cent. Nearly 527 million shares were traded on the southern bourse, equivalent to VND12.3 trillion (US$529 million). Market breadth was positive with 116 losers and 340 gainers. In the banking group, most of the stocks gained ground including Military Bank (MBB), Techcombank (TCB), Bank for Investment and Development of Viet Nam (BID), VietinBank (CTG), Viet Nam International Commercial JS Bank (VIB) and Saigon-Hanoi Commercial JS Bank (SHB), and Tien Phong Bank (TPB). Vietcombank (VCB) was the only decliner in the group. Steel stocks also attracted cash flow with gainers including Hoa Sen Group (HSG) rising 5.3 per … [Read more...] about Market surpasses 1,200-point mark thanks to steel, banking stocks

In 2020-2021, despite being heavily affected by the COVID-19 epidemic, Vietnam’s GDP still maintained positive growth, mainly thanks to the growth of import-export and investment, especially foreign direct investment. In fact, a number of industries recovered strongly after the epidemic such as retail, personal goods, and pharmaceuticals, due to a good recovery in domestic demand. Construction industry pins hope in public investment, FDI and real estate to bounce back. Some industries showed good recovery reaching close to the pre-pandemic period, including transportation, warehousing, and forestry, while logistics sector is expected to be a bright spot in the coming years. The Asian Development Bank has forecasted that Vietnam 's economic growth will recover to 6.5% in 2022 and reach 6.7% in 2023. The International Monetary Fund , meanwhile believes that the figures will be 6% in 2022 and 7.2% in 2023./. VNA … [Read more...] about Vietnam’s economy expects strong recovery

Vietnam has greatly improved its living standards as it jumped 39 places to become the 62nd-best country worldwide for quality of life in 2021, according to a report by CEOWORLD . The Southeast Asian nation earned 78.49 points, ranking 62nd out of 165 countries and territories, registering a sharp improvement from its 101st position among 171 countries in 2020. It ranked seventh in the region, while Singapore took the lead with 87.64 points, followed by Thailand, the Philippines, and Malaysia. Singapore also held the 19th position in the global rankings. Finland was named the world’s best country for quality of life last year with 99.06 points, while Denmark and Norway ranked second and third, respectively. “Being safe, politically stable, and having a well-developed public health system drove Finland’s quality of life ranking to the top of the Best Countries 2021 list,” said CEOWORLD, a business and trade magazine. Belgium came in fourth in the rankings, over Sweden, … [Read more...] about Vietnam up 39 notches in global quality of life index: CEOWORLD

Hue said that the Vietnamese N.A. high-ranking delegation's ongoing official visit to Hungary aims to further promote and deepen the comprehensive partnership between the two countries and cooperation between the two parliaments in particular, opening up new prospects in bilateral relations as well as stronger coordination between the two countries at regional and international forums amid complicated global developments. Highlighting the traditional friendship and all-round partnership between the two countries over the past 70 years, the top legislator clarified that Vietnam always treasures and hopes to further bolster multifaceted ties with Hungary – the first comprehensive partner of Vietnam in Central and Eastern Europe. For his part, László reviewed major milestones of the Hungary-Vietnam Friendship Association’s development since it was established in 1989, and highlighted a number of activities that the association has carried out recently and its plans to promote the … [Read more...] about N.A. Chairman receives Hungary-Vietnam Friendship Association’s leaders

In his speech at the event, Thang stressed that the establishment of VAC aims to realize the Joint Statement of the Prime Ministers of the two countries in September 2019, and is an important highlight in the strategic partnership between Vietnam and Australia, as well as a practical activity towards the 50th founding anniversary of the diplomatic relations between the two countries. The opening of this portal is a necessary initial step for the development of the center, which is hoped to contribute to improving the capacity of Vietnamese officials and managers to meet the requirements of integration and development of the country, and to strengthening up the sustainable Vietnam-Australia cooperation. Penny Wong, who is on an official visit to Vietnam from June 26-28, said the VAC will play an important role in enriching the knowledge of future Vietnamese officials trained at the academy, as well as promoting cooperation and strengthening links between the people of the two … [Read more...] about Vietnam-Australia Center’s portal makes debut

Fifteen airlines are expected to operate international flights connecting numerous destinations with Da Nang from now until the end of the year, promising ample opportunities for the promotion and development of local tourism. These airlines will operate international routes from such countries as South Korea, Thailand, Singapore, Japan, and Malaysia, among others, to Da Nang with a total frequency of up to 90 flights per week, Ho Ky Minh, vice-chairman of the municipal People’s Committee, said on Monday. The Vietnamese coastal city recently collaborated with budget carrier Vietjet Air in opening five air routes to major cities in India and Singapore. In the first six months of this year, Da Nang has welcomed 286 international flights carrying 35,000 passengers, according to vice-chairman Minh. On June 24, the city received a record of 120 domestic and international flights, the official added. The local tourism sector has had a positive and breakthrough recovery with a … [Read more...] about 15 airlines to operate more intl’ flights to, from Vietnam’s Da Nang