Press agencies

Piles of VND100.000 bank notes. — EastAsia forum/VNA Photo Banks must tighten their assessment controls of corporate bond investments to avoid excessive risk and the misuse of funds raised by firms, experts said. In early April, the Banking Supervision Agency, under the State Bank of Vietnam (SBV) conducted an inspection of corporate bond investment activities at seven banks, while the Ministry of Finance inspected one bank. According to the SBV, by the end of 2021, there are 41 credit institutions holding VND274 trillion (US$11.7 billion) of corporate bonds, of which more than 75 per cent of them are held by ten major banks - Techcombank, MBBank, VPBank, TPBank, BIDV, Vietcombank, VietinBank, HDBank, ABBank and SeABank. At some banks, the value of corporate bonds exceeds 10 per cent of total assets. Although the inspection results were not published, a SBV senior leader said in an interview with Vietnam Investment Review that a number of credit institutions failed to … [Read more...] about Banks should tighten assessment controls of their corporate bonds investments – experts

With expertise and advanced technology, Danish firms are expected to develop Vietnam's agri-food industry for high efficiency and sustainability. A delegation of 13 leading Danish agri-food firms in Solutions for Livestock & Food Production, Food Processing Technologies, Ingredients and Climate Control Solutions is giving expertise to Vietnamese partners Representatives of Danish companies attend the seminar held in Hanoi on August 17. Photos: Embassy of Denmark in Hanoi The delegation, which works in areas important for improving agri-food production towards high efficiency, green, and sustainability, expects to share experiences and introduce world-leading and well-proven Danish solutions in agri-food production and look for opportunities to cooperate with Vietnamese companies. The expertise was shared at during Seminar – Business Matchmaking held in Hanoi and Ho Chi Minh City on August 16-19. The events are part of a joint effort between the Embassy … [Read more...] about Denmark extends agri-food expertise to Vietnam

* Military Region 4 (MR4) held the tenth congress of the Ho Chi Minh Communist Youth Union for the 2022-2027 tenure in Vinh city, Nghe An province. According to a report delivered at the congress, over the past five years, under the leadership and directions of the Military Region 4 Command and the Department of Political Affairs, MR4 has carried out youth programs and movements in an effective and comprehensive manner, achieving all set targets, implementing the five-year action program (2017-2022), building a strong military region, and meeting the requirements of military-defense missions in the new situation, among others. In the next five years, MR4 will further promote youth union’s activities and youth movements to build a healthy and strong Youth Union organization, a comprehensively strong, “exemplary and typical” unit, and improve the efficiency of coordination activities with other agencies and units. At the congress, the participants elected 17 delegates to … [Read more...] about Military units hold Youth Union Congress

An overview of the seminar (Photo: VNA) Vientiane (VNA) – The Ministries of Foreign Affairs of Laos and Vietnam co-organised a seminar on economic diplomacy in Vientiane on August 17. Speaking at the event, Nguyen Minh Hang, Assistant to the Minister, Director of the economic affairs department, said that the Vietnam ese Foreign Ministry identifies economic diplomacy as one of the basic and central tasks of a comprehensive and modern diplomacy, and a driving force for the development of the country. The ministry is willing to share assessments and opinions on the world economic situation and emerging issues, as well as experience in developing economic diplomacy with Laos. At the seminar, both sides agreed on the importance and role of economic diplomacy in contributing to national development, affirming the necessity for the two ministries’ cooperation and sharing of experience in this field in the context of an extremely complicated world situation. … [Read more...] about Vietnam, Laos enhance cooperation in economic diplomacy

The People’s Army Newspaper would like to present an interview with Lieutenant General Vu Chien Thang, Director of the Department of Foreign Relations under the Ministry of National Defense, on the visit of the Vietnamese delegation to Moscow on this occasion. Reporter: Could you please tell us about the goal and significance of the participation of the Vietnamese high-ranking military delegation in the seventh Moscow Conference on International Security? Lieutenant General Vu Chien Thang: The Vietnamese high-ranking military delegation led by General Ngo Xuan Lich is participating in the conference in the context that the Vietnam-Russia comprehensive strategic partnership in general, and the bilateral defense ties in particular, have been developing dynamically and effectively. The Moscow Conference on International Security, the proven prestigious and important forum for discussion of global security issues, has contributed to promoting peace, stability and security in the … [Read more...] about Vietnam’s role and responsibility reaffirmed

The approval of Vietnam’s circular economy development plan, announced in June, aims to help reduce greenhouse gas emissions by 15 per cent of GDP by 2030 (as compared to 2014). The commitment at COP26 by Vietnam to achieve net-zero carbon emissions by 2050 is considered the main call for investment into green technologies and friendly-environmental projects, as well as approval of plans such as the aforementioned circular economy one. These messages have sent a strong signal regarding the country’s direction towards low-carbon, green development, and a circular economy, and could be a new driving force for Vietnam’s sustainable socioeconomic development, helping to improve its competitiveness and foreign direct investment (FDI) into the country. While governments have committed to lowering CO2, companies are also following suit for the good of the planet, Photo: Shutterstock As a result, numerous groups have made decisions in terms of investment and other operations … [Read more...] about Green standards top policies for fresh foreign ventures

Nguyen Thuc Thuy Tien, Miss Grand International 2021, has officially become the Communications Ambassador of the International Tourism Expo Ho Chi Minh City 2022 (ITE HCMC 2022). Nguyen Thuc Thuy Tien, Miss Grand International 2021 at a press conference (Photo: nld.com.vn) This information was unveiled during a press conference held on August 16 hosted by the municipal Department of Tourism with the aim of introducing the 16th version of ITE HCMC. Tien outlined that the expo will contribute to rebooting the southern city’s tourism industry moving into the post-pandemic period, as well as introducing the country’s tourism, culture, cuisine, and people to a range of international friends. She expressed her hope moving forward that with the role as a media ambassador, she will make great contributions to reviving the local tourism sector and meet the goal of welcoming more international visitors in the future. Following two years of suspension caused by the … [Read more...] about Thuy Tien becomes Communication Ambassador of ITE HCMC 2022

Angkor Wat, a UNESCO world heritage site, is the tourist icon of Cambodia. (Photo: Khmer Times) Phnom Penh (VNA) - Cambodia expects to welcome 1.2-1.3 million international tourists in 2022, said Director General of Tourism Development and International Cooperation at the Ministry of Tourism Thong Rathasak. Recovering fast from the COVID-19 downfall, Cambodia is banking on increased arrival of foreign tourists this year, compared to the last two years. According to Rathasak, the Southeast Asian nation served over 500,000 foreign visitors in the first half of this year, and this was a good comeback compared to the number of 200,000 tourist arrivals last year.. COVID-19 was a big lesson as Cambodia n people learned to coexist with a pandemic, he said, hoping that people who left the tourism sector would come back and rebuild their businesses or careers. For Cambodia, 2022 started well as it got the chance to organise the ASEAN Tourism Forum (ATF), which was … [Read more...] about Cambodia eyes to serve 1.3 million foreign tourists in 2022

Illustration. (Photo: thanhnien.vn) Hanoi (VNA) – Regulators, civil society organisations and the private sector put forth various recommendations to strengthen financial resources to promote gender equality in Vietnam during a conference in Hanoi on August 17. They suggested ways to apply gender-responsible budgeting , ensure that the needs of women, men and others are fully considered throughout the budget cycle, and reinforce supervision by the communities, such as civil organisations and people, over public investment budget allocation from a gender perspective. The conference on “Strengthening Financial Resources to Advance Gender Equality in Vietnam” was held by the Ministry of Planning and Investment (MPI), the Institute for Development & Community Health (LIGHT) in collaboration with the UN Entity for Gender Equality and the Empowerment of Women (UN Women) under the UN Joint Programme on Supporting Vietnam towards the 2030 Integrated Finance Strategy for … [Read more...] about Vietnam seeks strengthening financial resources to advance gender equality

The image of Ao Tien high-class tourism urban area has been shared widely on social networks in recent days. (Photo nld.com.vn) Quang Ninh (VNS/VNA ) - The People's Committee of northern coastal Quang Ninh province has refuted information that it has allowed a project to conduct sea encroachment and subdivide land plots for sale, which seriously undermined the conservation of the UNESCO-recognised Ha Long Bay . The committee said the information circulating online about a development project encroaching into the bay in recent days was "not true." The image circulated was taken at in Ao Tien high-class tourism urban area project in Van Don district. The area was in Van Don economic zone, not in the Ha Long Bay, the province stressed. In recent days, the image of an urban area with divided land plots and an island in the middle of the area locating right close to Ha Long Bay has been shared widely on Facebook, stirring strong opposition about greed-driven … [Read more...] about Quang Ninh refutes allegations of sea encroachment in Ha Long Bay