Sager strong foundation

Italian Undersecretary of State for Foreign Affairs and International Cooperation Maria Tripodi. (Photo: VNA) Rome (VNA) – Over the past 50 years, breakthrough progress has been witnessed in the Italy-Vietnam relationship, both bilaterally and multilaterally, Italian Undersecretary of State for Foreign Affairs and International Cooperation Maria Tripodi told Vietnam News Agency . Tripodi said that Italy was one of the first western countries to set up diplomatic relations with Vietnam in 1973. Since then, the two sides have maintained their profound friendship and solidarity. During COVID-19, the Vietnamese Government presented Italy with more than 300,000 masks, while Italy provided Vietnam with over 2.8 million doses of COVID-19 vaccines, she noted. She underlined that for Italy, Vietnam is an important interlocutor and an essential partner to ensure balance and promote sustainable economic progress in the Indo-Pacific, a region that is playing a more central role than … [Read more...] about Vietnam, Italy enjoy strong partnership bilaterally and multilaterally

Vietnam considers the US as one of its most important partners and welcomes the US to support a strong, independent, and prosperous Vietnam. Vietnam aims to enhance the Comprehensive Partnership with the US, focusing on mutually beneficial outcomes that generate employment opportunities and growth for both nations. Overview of the meeting. Photos: Nhat Bac “Such an effort would contribute to supporting global and regional stability, cooperation, and development while promoting peace and harmony.” Prime Minister Pham Minh Chinh stressed the remarks during a meeting with a delegation of the US-ASEAN Business Council (USABC) today [March 22]. At the meeting, Chinh welcomed a delegation of over 50 large US enterprises to visit and work in Vietnam, coinciding with the 10th anniversary of the Vietnam-US Comprehensive Partnership (2013-2023). The Prime Minister expressed gratitude to the US Government and businesses for their support in providing vaccines and … [Read more...] about Vietnam continues to push for stronger ties with US: PM

How did a bank ranking on the list of American Best Banks for five straight years collapse in your viewpoint? Professor Andreas Stoffers, country director of the Friedrich Naumann Foundation in Vietnam Just before March 10, Silicon Valley Bank (SVB) was the 16th largest in the US. It had taken four decades to build and its parent company SVB Financial Group. However, it took only 36 hours to completely dismantle. SVB was forced to sell assets at a loss to pay for withdrawals from venture capital funds and tech startups. However, this led to massive withdrawals, while SVB was facing many difficulties, which left it unable to pay its debts, leading to bankruptcy on March 10. Dark memories of the 2008 financial crisis returned and this crisis did reach other banks in the US as well. Many questions remain unanswered, such as why bonuses were still being paid to management shortly before the bank collapsed and why the CEO was still gold-plating his shares in January … [Read more...] about The potential ramifications of US banking collapse

He made the remark at a meeting with a business delegation of the U.S. - ASEAN Business Council (USABC) in Hanoi on March 21. Highlighting the two countries’ comprehensive and fruitful relations, Minister Dung said the U.S. is currently the second largest trading partner and one of the leading export markets of Vietnam. It is also an important ODA provider and the 11th biggest among the 142 countries and territories investing in the Southeast Asian nation. Vietnam highly values the fruitful investment and business activities of U.S. investors and hopes they will maintain their trust and expand investment, trade, and development cooperation in the country, he noted. The official was of the view that there is huge cooperation potential in the fields of green growth, digital economy, science - technology development, and innovation, adding that Vietnam encourages and prioritizes quality and focus-driven foreign direct investment. The country is also implementing policies to help … [Read more...] about Minister hopes U.S. becomes biggest investor in Vietnam

Speaking at the event, Vice Chairman of the municipal People’s Committee Nguyen Thuc Hien suggested orientations for bilateral cooperation in hi-tech agriculture, processing industry, investment, tourism, health care, education - training and information technology. He wished for India’s support to hold the "India - Can Tho city" networking conference with an aim to connect Indian importers with local exporters of rice, seafood, farm produce and processed agricultural products, as well as popularize the city’s tourism. Can Tho plans to arrange a trip to India in May for a delegation of investment, trade and tourism promotion officers, he said, suggesting that the Indian side helps the delegation hold a working session with the Indian Institute of Technology to invite Indian investors to Can Tho's concentrated IT zone. The host also wished to visit and share experience in economic and tourism development with authorities of a suitable locality. Sethi, for his part, pledged to … [Read more...] about Can Tho, India cultivate multifaceted cooperation

At a Wednesday meeting between Prime Minister Pham Minh Chinh and the delegation of the U.S.-ASEAN Business Council (USABC), the council's president Ted Osius said U.S. businesses consider Vietnam a strategic market and are ready to commit to long-term investments in the Southeast Asian nation. Osius said the delegation were highly supportive of the Vietnamese government’s moves towards a more digital and green society. He also encouraged steps the country has taken in infrastructure development, such as the construction of new highways and metro rail public transit options, the Vietnam Government Portal reported. U.S. ambassador to Vietnam Marc Knapper said the American grouping at the meeting was the largest U.S. business delegation to ever visit Vietnam. He said this confirmed the commitment of the U.S. government and the private sector to support a strong and prosperous Vietnam via cooperation. At the meeting, the delegation proposed new ideas and opportunities for business … [Read more...] about Major US companies laud Vietnam as strategic market

VPBank last week was rumoured to be close to an agreement to sell 15 per cent of stakes to Sumitomo Mitsui Financial Group, one of Japan’s largest financial companies. The estimated agreement is valued at around $1.4 billion, cited Bloomberg. “The Vietnamese bank will sell more than one billion shares to SMBC Consumer Finance, a unit of the Japanese megabank, for $1.35-1.39 each,” the newswire noted. Banks continue with consolidation game, illustration photo/ Source: Shutterstock VNDirect Securities told VIR that due to a high capital adequacy ratio of 20.5 per cent in 2022, VPBank could receive a higher credit limit from the State Bank of Vietnam this year. In addition, the brokerage predicted that the bank would invest significantly to diversify its products and expand its footprint in other segments, such as VPBank Securities in the securities market or OPES – its new non-life insurance arm. With the 15 per cent stake sale to SMBC, VPBank would consolidate and … [Read more...] about Banks continue with consolidation game

Illustrative image (Photo: VNA) Hanoi (VNA) – The Vietnam Administration of Forestry (VAF) under the Ministry of Agriculture and Rural Development and the United Nations Food and Agriculture Organisation (FAO) jointly held a forum in response to the International Day of Forests on March 21 in Hanoi, with the theme of “ Healthy Forests for Healthy People ”. Pham Hong Luong, Chief of the VAF Office, said that “Healthy Forests for Healthy People” is a very meaningful message in the context that the COVID-19 pandemic has affected people's health and all aspects of the social life. According to the UN’s Global Forests Goals Report 2021, the importance of forests for the well-being of people and the planet is clear. Some 1.6 billion people worldwide depend directly on forests for food, shelter, energy, medicines and income. Forests provide clean air and fresh water and help to avert desertification. They are home to 80% of all known terrestrial species, and they regulate the … [Read more...] about Forum marks International Day of Forests

Speaking at the press briefing, Ted Osius, who is a former US Ambassador to Vietnam, stressed that US firms strongly believe in Vietnam ’s growth prospects and always want to seek b us iness and investment cooperation chances in the country. He informed that USABC will lead a business delegation of 52 US firms to visit Vietnam this week. They are scheduled to meet Prime Minister Pham Minh Chinh, Chairman of the National Assembly Vuong Dinh Hue and leaders of ministries and branches. According to the USABC representative, the business delegation includes major firms like Boeing, Coca-Cola, CitiBank, Meta, SpaceX, Netflix, Abbott, and AES, operating in various sectors, which once again demonstrates US enterprises and investors’ interest in Vietnam. Representatives of some US enterprises expressed the intention of setting up or expanding investment and business activities in Vietnam. The US currently has over 1,200 valid projects worth over 11.4 billion USD in … [Read more...] about Vietnam is still attractive destination for US firms: USABC

Devoted doctor Alexandre Yersin 's workplace in Khanh Hoa wins national recognition Khanh Hoa (VNA) – The house where Alexandre Yersin, a Swiss-born doctor and bacteriologist, lived in and worked in the central coastal province of Khanh Hoa has been included in the cluster of national historical relic sites dedicated to him. Minister of Culture, Sports and Tourism Nguyen Van Hung issued Decision No. 699/QD-BVHTTDL on the recognition of the house on Hon Ba Mount in Suoi Cat commune, Cam Lam district. Yersin (1863-1943) studied medicine in France, and then became a bacteriologist and an adventurer. He arrived in Khanh Hoa’s Nha Trang city in 1891 to work and lived there until his passing. The doctor founded the Nha Trang Pasteur Institute in 1895, the Hanoi Pasteur Institute in 1926, and the Da Lat Pasteur Institute in 1936. Yersin was also the founder and the first principal of the Indochina Medicine School, now the Hanoi Medical University and the Hanoi University of … [Read more...] about Devoted doctor’s house in Khanh Hoa wins national recognition