At a meeting with Apple vice president of global policy Nick Ammann on Thursday (U.S. time) in New York, Chinh invited the U.S. tech giant to expand its investment in Vietnam and act as a bridge between the two countries so more American companies will pour their money into Vietnam. He also urged Apple to help Vietnamese companies increase their manufacturing capabilities and to train Vietnamese staff in high technology. Chinh wants Apple to consult the National Innovation Center in building an R&D center with a focus on innovation and digital transformation. Ammann said that Vietnam was a key manufacturing hub of Apple. He said that the company appreciated the government’s support, especially during the pandemic. The company is interested in clean energy and wants its suppliers in Vietnam to have access to clean energy. It also wants to help develop Vietnamese human resource, especially in software development. In Vietnam, 32 factories belong to Apple’s suppliers, and … [Read more...] about PM urges Apple to make Vietnam a key supply chain destination
Reconsider new haj policy urges rajasthan body
Ho Chi Minh City urged to double down on green goals
Attendees were keen to divulge their ideas on what is needed to fulfill Vietnam’s commitments, photo Le Toan Deputy Prime Minister Le Minh Khai said at the Ho Chi Minh City Economic Forum 2023 that green transformation and green growth may create many new opportunities but also require large resources for relevant technologies, efficiency, and to minimise production and waste treatment costs. Highly qualified human resources, both in terms of knowledge and skills, are also a key factor for businesses to implement green economic initiatives and solutions. “In addition to the role of banks and financial institutions, Vietnam needs the participation and cooperation of international financial organisations in mobilising green finance,” Khai said. The move towards renewable energy sources, green transportation, and a supply chain of green goods from production to consumption are creating many attractive cooperation opportunities for both domestic and foreign businesses, he … [Read more...] about Ho Chi Minh City urged to double down on green goals
Agribank board member becomes new chairman of SCB
Dien succeeds Vu Anh Duc, who, after serving a one-year tenure as chairman of SCB, has returned to VietinBank, assuming a significant role. The newly appointed chairman, Dien, boasts an impressive tenure of nearly 30 years within the banking and finance sector. Throughout his career, he has held various leadership positions, ranging from department head and branch leadership to a member of Agribank's Board of Directors. Under Dien’s leadership, regulatory authorities anticipate that SCB will maintain its stability, ensuring safety and swiftly achieve its comprehensive restructuring objectives. In October last year, in the wake of numerous SCB branches recording mass cash withdrawals by the public, the SBV placed SCB under special surveillance. This strategic move was intended to exert stringent control, minimising adverse impacts on the bank and the broader credit organisation system. Historically, many banks have experienced similar intensive oversight, but have subsequently … [Read more...] about Agribank board member becomes new chairman of SCB
N.A. Chairman meets with Vietnamese community in Bangladesh
The top legislator said this is the first visit by a Vietnamese N.A. Chairman to Bangladesh, and described it as a significant activity when the two nations are celebrating the 50th founding anniversary of diplomatic relations. He reviewed the Vietnam - Bangladesh relations, and briefed the overseas Vietnamese of the outcomes of his talks with the Speaker of the Bangladeshi Parliament, Shirin Sharmin Chaudhury, during which the first-ever cooperation deal between the two legislative bodies was signed in the past five decades. Leaders of both countries affirmed efforts to increase two-way trade from 1.5 billion USD to 2 billion USD, and to a higher level in the coming years, he said, adding they expected that a direct air route between the two nations will be opened soon, helping to promote economic, trade, investment, tourism and people-to-people exchange activities so as to bring benefits to both sides. Briefing Vietnamese nationals in Bangladesh of the home country’s … [Read more...] about N.A. Chairman meets with Vietnamese community in Bangladesh
NA Chairman meets with Vietnamese community in Bangladesh
National Assembly Chairman Vuong Dinh Hue meets with representatives of the Vietnamese community in Bangladesh on September 22. (Photo: VNA) Dhaka (VNA) – National Assembly Chairman Vuong Dinh Hue met with representatives of the Vietnamese community in Bangladesh on September 22 within the framework of his official visit to the South Asian country. The top legislator said this is the first visit by a Vietnamese NA Chairman to Bangladesh, and described it as a significant activity when the two nations are celebrating the 50th founding anniversary of diplomatic relations. He reviewed the Vietnam – Bangladesh relations , and briefed the overseas Vietnamese of the outcomes of his talks with the Speaker of the Bangladeshi Parliament, Shirin Sharmin Chaudhury, during which the first-ever cooperation deal between the two legislative bodies was signed in the past five decades. Leaders of both countries affirmed efforts to increase two-way trade from 1.5 billion USD to 2 … [Read more...] about NA Chairman meets with Vietnamese community in Bangladesh
N.A. Chairman sets off for official visits to Bangladesh, Bulgaria
The visits, lasting from September 21-26, are made at the invitations of Speaker of the Bangladeshi Parliament Shirin Sharmin Chaudhury and President of the N.A. of Bulgaria Rosen Zhelyazkov. The N.A. Chairman is accompanied by General Secretary of the N.A. and Chairman of the N.A. Office Bui Van Cuong; Chairman of the N.A. Committee for Foreign Affairs Vu Hai Ha; and Chairman of the N.A. Committee for Science, Technology and Environment Le Quang Huy, among others. The visits aim to implement the foreign policy of independence, self-reliance, diversification and multilateralization of foreign relations of the 13th Party Congress and the Politburo’s Resolution No.34-NQ/TW dated January 9, 2023. The trips are also expected to promote cooperative relations between the N.A. of Vietnam and the legislative bodies of the two countries, continue to promote friendship between Vietnam and Bangladesh, and affirm Vietnam's attachment to its traditional friendship with Bulgaria. For … [Read more...] about N.A. Chairman sets off for official visits to Bangladesh, Bulgaria
NA Chairman sets off for official visits to Bangladesh, Bulgaria
National Assembly Chairman Vuong Dinh Hue leaves Hanoi on September 21 morning for official visits to Bangladesh and Bulgaria. (Photo: VNA) Hanoi (VNA) - Chairman of the Vietnamese National Assembly (NA) Vuong Dinh Hue left Hanoi on September 21 morning for official visits to Bangladesh and Bulgaria. The visits, lasting from September 21-26, are made at the invitations of Speaker of the Bangladeshi Parliament Shirin Sharmin Chaudhury and President of the NA of Bulgaria Rosen Zhelyazkov. The NA Chairman is accompanied by General Secretary of the NA and Chairman of the NA Office Bui Van Cuong; Chairman of the NA Committee for Foreign Affairs Vu Hai Ha; and Chairman of the NA Committee for Science, Technology and Environment Le Quang Huy, among others. The visits aim to implement the foreign policy of independence, self-reliance, diversification and multilateralisation of foreign relations of the 13th Party Congress and the Politburo’s Resolution No. 34-NQ/TW dated January 9, … [Read more...] about NA Chairman sets off for official visits to Bangladesh, Bulgaria
Việt Nam, Bangladesh boost economic cooperation
Chairman of the Vietnamese National Assembly Vương Đình Huệ (second, left) and delegates attend the forum. —VNA/VNS Photo Việt Nam defines Bangladesh, which is currently the country's second largest trading partner in South Asia, as its important partner and a potential investment destination for major corporations and enterprises of the Southeast Asian country in the future, National Assembly Chairman Vương Đình Huệ said on Friday. In his speech at the Việt Nam-Bangladesh forum on policies and laws to promote economic, trade and investment cooperation in Dhaka capital, Bangladesh, Huệ said with a favourable geographical location, Bangladesh could be considered a gateway for Vietnamese businesses to enter and expand to other South Asian and Middle East markets, and vice versa, Bangladeshi businesses can expand to markets in the Association of Southeast Asian Nations (ASEAN) - the 5th largest market in the world with about 650 million people - and enlarge to partner countries which … [Read more...] about Việt Nam, Bangladesh boost economic cooperation
Global central banks unite in ‘higher for longer’ credo
Central banks for the world's biggest economies have served notice that they will keep interest rates as high as needed to tame inflation, even as two years of unprecedented global policy tightening reaches a peak. The so-called "higher for longer" mantra is now the official stance of the U.S. Federal Reserve, European Central Bank and the Bank of England, as well as being echoed by monetary policy-makers from Oslo to Taipei. For central bankers first chastised for being late to spot the post-pandemic surge in inflation and then cautioned for overdoing their response, the prize of returning the global economy to stable prices without recession is now within sight. Their task is to convince financial markets not to undo their work with bets on early rate cuts, and to watch for new risks such as rising oil prices - while hoping governments help with budgets that do not further fuel inflation. "We will need to keep interest rates high enough for long enough to ensure that we get … [Read more...] about Global central banks unite in ‘higher for longer’ credo
Legal framework required for renewable export opportunities
A solar farm in the southern province of Ninh Thuận. — VNA/VNS Photo Ngọc Hà Several countries in the Southeast Asia region have expressed interest in purchasing Việt Nam's renewable energy, according to the Institute of Science and Environment, Seas and Islands under the Ministry of Natural Resources and Environment (MoNRE). According to Dr Dư Văn Toán from the institute, Việt Nam's total installed power capacity reached 78.4GW by 2021, making it the largest power system among ASEAN countries. The country has also been heavily investing in renewable energy in recent years. By 2030, Việt Nam's offshore wind power is projected to reach 6,000MW, with a goal of over 70,000MW by 2050. The National Power Development Plan VIII for the 2021 - 2030 period has set out a path for the strong development of offshore wind power, in conjunction with other renewable energy sources including solar power, onshore wind power, hydro, and biomass to meet domestic and export demands. "We have … [Read more...] about Legal framework required for renewable export opportunities