Illustrative image (Photo: VNA) Hanoi (VNA) – Vietnam has emerged as an attractive destination to investors thanks to its rapid economic growth and high business profits, said Vladimir Potapov, CEO of Russia’s VTB Capital Investments and Senior Vice President of VTB Bank. Its geological location, mineral and labour resources have supported Vietnam’s economic growth effectively, he told the press on September 29. He highlighted the country’s huge potential to raise profits of businesses and spur the growth of the stock market. He spoke of Vietnam’s economic reform, with an annual growth rate of 6-7 percent and the inflation rate at 2-3 percent. The population structure, with 41 percent of 94 million people are below 25 years ago, has also created favourable conditions for the national economic growth, Potapov said. According to him, Vietnam is one of the important frontier markets and it takes the country from 1-2 years to reach the status of an … [Read more...] about Vietnam attractive to investors: Russian expert
A Vietnamese booth at WorldFood Moscow 2019. — Photo nhandan.com.vn MOSCOW Ten Vietnamese companies are showcasing their products at WorldFood Moscow 2019, one of Russia's leading food and drink expos, which opened in Moscow on Monday. Among their goods are farm produce such as rice, coffee, tea and cashew nuts, as well as seafood, forestry, canned fruits, dairy products, juice drinks and beer. Since its inception in 1991, the major exhibition, which serves the global food and drinks industry, has grown to become the entry point for international manufacturers looking to enter the vibrant Russian market. Every year, the event connects thousands of businesses from around the world with Russia's key food and drink buyers, including retail representatives from Russia’s leading supermarket chains, wholesalers and food manufacturers. Nguyễn Thị Mỹ Nhi, president of Tín Thịnh Co, which … [Read more...] about Vietnamese firms join int’t food fair in Russia.
A VinSmart smartphone. (Photo: CellphoneS) Hanoi (VNA) – Four smartphones produced by VinSmart, a subsidiary of Vietnamese property and retail conglomerate Vingroup, have officially hit stores in Russia. The four models – Vsmart Bee, Vsmart Star, Vsmart Joy2 and Vsmart Live – all running Google’s Android operating system, were launched during a ceremony in Moscow on October 3. They are on sale for prices ranging from 5,000 RUB – 17,000 RUB (about 75 USD – 260 USD) and distributed by TFN Trading. Speaking at the event, Sales Director of VinSmart Russia Sergey Sadkov said Vsmart-branded smartphones can capture the Russian market because of the two countries’ friendship and the fact that Vietnamese goods are fairly popular among Russian people. VinSmart’s phones can be competitive in Russia since the company has a deal with the world’s leading chip maker Qualcomm and offers a 18-month warranty rather than the usual … [Read more...] about Four VinSmart phones rolled out in Russia
1. We, the Foreign Ministers of the Association of Southeast Asian Nations (ASEAN), met on 31 July 2019 at the 52nd ASEAN Foreign Ministers’ Meeting (AMM) in Bangkok. We underlined the need to further strengthen cooperation and advance our partnership to ensure sustainability in all dimensions for ASEAN amidst the rapid changes in Southeast Asia and beyond. ASEAN COMMUNITY-BUILDING 2. We reaffirmed our commitment to the full and effective implementation of the ASEAN Community Vision 2025 and the ASEAN Leaders’ Vision Statement on Partnership for Sustainability. We reaffirmed the importance of maintaining ASEAN centrality and unity in our community-building efforts, engagement with external partners and regional architecture. We commended the ongoing work of all ASEAN Sectoral Bodies and Organs for progress in the implementation of the ASEAN Political-Security Community (APSC), ASEAN Economic Community (AEC), and ASEAN Socio-Cultural Community (ASCC) … [Read more...] about Joint Communique of 52nd ASEAN Foreign Ministers’ Meeting
* At least 20 people were killed and more than 50 others wounded as a 6.5 magnitude quake struck off Indonesia's eastern Maluku province earlier Thursday, a senior disaster official said. * China's State Council Information Office on Friday (September 27) issued a white paper, titled "China and the World in the New Era." * Russian President Vladimir Putin has sent to leaders of European and Asian countries and international organizations a proposal not to deploy missiles, previously banned by the Intermediate-Range Nuclear Forces Treaty (INF), the Kremlin said Thursday. * US State Department on Thursday imposed a travel ban against Raul Castro Ruz, first secretary of the Central Committee of the Communist Party of Cuba, and his children. * Palestinian President Mahmoud Abbas on Thursday berated the United States for its Middle East policy, saying it dampens the hope for peace and jeopardizes the two-state solution. * Islamic Hamas movement announced Thursday that it is ready to join … [Read more...] about World News in Brief: September 27