Illustrative photo (Source: VNA) Hanoi (VNA) - The Bank for Investment and Development of Vietnam (BIDV) and the Asian Development Bank (ADB) on May 25 co-organised a workshop to announce a report on Vietnam’s financial market in 2021 and its 2022 outlook. BIDV Senior Executive Vice President Tran Phuong said it is a result of research by a team of ADB and BIDV experts. This is the first time a Vietnamese financial institution has collaborated with ADB to make a comprehensive assessment report on the Vietnamese financial market, covering the fields of banking, securities, and insurance, he noted. Looking back at 2021, the report states that the world economy recovered quite quickly along with a rapid increase in inflation due to the majority of countries reopening socio-economic activities. The global financial market continued its fast recovery given the new normal condition and strengthened confidence. In that context, Vietnam's economy recovered quite … [Read more...] about BIDV, ADB release report on Vietnam’s financial market
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HCMC expects to receive mechanism for active purchasing of medical products
Chairman of the People’s Committee of the city Phan Van Mai speaks at the third session of the 15th-tenure National Assembly (NA). The proposal was conveyed by Head of the HCMC Delegation of NA Deputies, Chairman of the People’s Committee of the city Phan Van Mai at the third session of the 15th-tenure National Assembly (NA) on May 25. He reviewed recent positive socioeconomic changes after the Covid-19 pandemic has been basically under control in HCMC. The city has seen positive growth in the last four months thanks to the efforts, flexible policies and orientation of the municipal authorities. The commercial services sector reached a positive growth of 0.6 percent in May. Although key industries have a slow recovery, the tourism sector has bounced back strongly. The real estate market still shows signs of cooling due to the slow recovery and the tightening real estate credit that has restricted speculation and helped the market become more transparent. The government and … [Read more...] about HCMC expects to receive mechanism for active purchasing of medical products
Vietnam co-chairs ASEAN-Korea Joint Cooperation Committee’s meeting
Participants at the event (Source: Vietnam Mission to ASEAN) Jakarta (VNA) - Ambassador Nguyen Hai Bang , Permanent Representative of Vietnam to ASEAN , has co-chaired the 9th meeting of ASEAN-Korea Joint Cooperation Committee (AKJCC) with the Republic of Korea (RoK)’s Ambassador to ASEAN Kwon Hee-seog. During the meeting on May 24, the two sides noted the progress made in the ASEAN-RoK cooperation over the past year, including following up on the outcomes of the 22nd ASEAN-RoK Summit in October 2021 and activities to implement various areas of cooperation under the ASEAN-RoK Plan of Action (2021-2025). Within the framework of the key cooperation mechanism - the ASEAN-Korea Cooperation Fund (AKCF), 20 projects are being implemented with a total investment of 56 million USD, focusing on five priority areas of education and training, the environment, economic recovery, culture and tourism, and health. In addition, there are nine projects waiting for approval, … [Read more...] about Vietnam co-chairs ASEAN-Korea Joint Cooperation Committee’s meeting