State bank of vietnam sbv

The banking sector assumes a vital role in introducing innovative financial instruments and suitable investment methodologies to enable Vietnam to achieve its net-zero emissions goal by 2050. The banking sector, as a key capital mobilization channel for the economy, is responsible for  “greening” investment capital flows for Vietnam to ensure the goal of sustainable development. Overview of the conference. Source: SBV Vice Governor of the State Bank of Vietnam Pham Thanh Ha made the remarks at a conference themed “Greening the Financial Sector: Accelerating transition to a low-carbon economy in Vietnam” held today [September 21]. According to Ha, Vietnam has historically maintained very low greenhouse gas (GHG) emissions. In absolute terms, Vietnam's GHG emissions reached 364 million tons of carbon dioxide (CO2) in 2018, constituting a mere 0.8% of the world's total emissions. However, over the past two decades, the country has experienced the fastest … [Read more...] about Greening finance accelerates Vietnam’s SDG implementation

Two more State-run commercial banks - Vietinbank and BIDV - lowered their deposit rates on September 19 to match the lowest level during the COVID-19 pandemic. Both cut their rates by 0.2 or 0.3 percentage point on deposits with a term of three months or longer. The rate for deposits with a 12-month term was also lowered by 0.3 percentage point to 5.5% per annum. For one-month and two-month deposits, the rate remains at 3%. These rates are similar to those of Vietcombank and Agribank, which were revised downwards on September 14./. VNA … [Read more...] about “Big Four” banks lower deposit interest rates to COVID-19 levels

Party General Secretary Nguyen Phu Trong (R) and US President Joe Biden at a joint press conference in Hanoi on September 10. (Photo: VNA) Jakarta (VNA) – The Vietnam visit by President Joe Biden is an historic event and the upgrading of the Vietnam-US relations to a comprehensive strategic partnership is very meaningful, stated US Ambassador to ASEAN Yohannes Abraham. In an interview granted to the Vietnam News Agency, the US diplomat said that the elevation of the US-Vietnam relationship to the highest level of Vietnam's diplomatic relationship shows the already strong, growing and enduring ties between the US and Vietnam. This is the foundation for a sustainable and win-win partnership with shared opportunities and joint efforts in coping with global challenges in the future, he said. Regarding the potential of cooperation between the US and Vietnam in the coming time, the ambassador said that leaders of the two sides have outlined a broad range of fields where the … [Read more...] about Elevation of relations with Vietnam helps promote US partnership with ASEAN: Diplomat

Some top international and U.S. firms such as SpaceX, the Coca-Cola Company, and Pacifico Energy are planning to expand their operations in Vietnam, heard the receptions hosted by Vietnamese Prime Minister Pham Minh Chinh for these firms’ leaders in New York City on Wednesday (local time). During these receptions, part of the top Vietnamese official’s ongoing trip to the United States, PM Chinh underlined that Vietnam prioritizes science, technology, innovation, green, digital and circular economic, and research projects. He affirmed that the Vietnamese government always creates favorable conditions for international firms to do business in Vietnam effectively. Speaking at the meeting with the prime minister, Tim Hughes, senior vice president for global business and government affairs at SpaceX, a U.S. aerospace company, run by South African-American billionaire Elon Musk, said that the group highly values Vietnam’s potential for development. Hughes revealed that SpaceX aims … [Read more...] about Major US companies, including SpaceX, aim to expand investment in Vietnam

The travel news site Reisereporter has just published an article that highlights some of the famous tourist destinations and landscapes in Vietnam, including Hanoi. In the article titled “Vietnam: You shouldn’t miss these sights”, www.reisereporter.de suggests tourists to visit some hidden "treasures" and undiscovered natural wonders in this wonderful country in the Southeast Asia region, in addition to popular tourist attractions. A Vietnamese girl in her charming ao dai (long dress) and non la (conical hat) walks through the Thang Long Imperial Citadel. Photo: Yeu Ha Noi According to Daniel Schramm, staff writer for www.reisereporter.de , Vietnam is a fascinating destination with a wide variety of sights and experiences. From historic cities like Hanoi and Hue to stunning natural landscapes like Halong Bay and Sapa to culinary adventures in street kitchens and markets, the country offers something for every taste. Vietnam's … [Read more...] about German press: Vietnam is a fascinating travel destination

Military medical workers practice resuscitating injured engineers while performing the task of clearing bombs, mines and explosives at refugee camps. (Photo: qdnd.vn) Hanoi (VNA) – The hosting of the Competency Evaluation Programme for Prospective United Nations Peacekeepers (CEPPP), an activity under the ASEAN Defence Ministers’ Meeting Plus ( ADMM-Plus ) Experts’ Working Group on Peacekeeping Operations (PKO-EWG) Cycle 4, aimed to continue affirming the role and responsibility of Vietnam in preparing for and joining UN peacekeeping missions, according to Sen. Lieut. Gen Phung Si Tan, Deputy Chief of the General Staff of the Vietnam People’s Army (VPA). The officer said that the programme was a chance for Vietnam, together with Japan, the co-host of the activity, as well as other ADMM-Plus members to enhance their capacity, coordination and cooperation in the preparations and participation in UN peacekeeping missions . The programme has offered a chance for Vietnam to … [Read more...] about Successful hosting of CEPPP affirms Vietnam’s responsibility in UN peacekeeping operations: Officer

The headquarters of the International Tribunal for the Law of the Sea in Berlin. (Photo: VNA) Berlin (VNA) – Le Duc Hanh, Director General of the Department of International Law and Treaties at the Ministry of Foreign Affairs , on September 20 stressed that the 1982 United Nations Convention on the Law of the Sea ( UNCLOS 1982) creates a legal framework to regulate all activities at sea, including marine environmental protection. Presenting Vietnam’s views on the request for advisory opinion of the International Tribunal for the Law of the Sea ( ITLOS ) on states' obligations to respond to climate change, Hanh noted that the tribunal has the authority to give advice regarding greenhouse gas emissions that cause marine pollution. Countries have the obligation to take necessary measures towards their state agencies, groups, and businesses in order to minimise and control greenhouse gas emissions, she continued. The official pointed out that resources-limited … [Read more...] about Vietnam emphasises importance of UNCLOS in marine environmental protection

President Vo Van Thuong (R) and Lao Ambassador to Vietnam Sengphet Houngboungnuang (Photo: VNA) Hanoi (VNA) – In every step of Vietnam's development, there has always been the support and assistance of the fraternal Lao Party, State and people, said President Vo Van Thuong at a September 21 reception for outgoing Lao Ambassador to Vietnam Sengphet Houngboungnuang . He said the great friendship, special solidarity and comprehensive cooperation between Vietnam and Laos in recent times has always been strengthened and developed, achieving practical results in all aspects. The two countries’ agencies and localities have regularly engaged in exchanges and cooperation. Thanks to the effective implementation of bilateral cooperation agreements, economic and trade ties have yielded positive results while collaboration in theoretical research, training, national defence and security has also seen significant progress. Both sides have also offered mutual support in global and … [Read more...] about President hails Lao support for Vietnam’s development

Signing the agreement signaled that Vietnam is an active and responsible member of the international community. Vietnamese Foreign Minister Bui Thanh Son signed the United Nations Agreement on the Conservation and Sustainable Use of Marine Biological Diversity of Areas Beyond National Jurisdiction (The High Seas Treaty) on September 20, making Vietnam one of the first countries to join the internationally legally binding instrument under the 1982 United Nations Convention on the Law of the Sea (UNCLOS). Vietnamese Minister of Foreign Affairs Bui Thanh Son signs the United Nations' Treaty of the High Seas.  Photo: VNA As part of Prime Minister Pham Minh Chinh's working trip to the United Nations General Assembly High-Level Week, the signing of the treaty conveyed the message that Vietnam is a positive and responsible member of the international community and that the country is committed to joining hands with countries to address global issues and contribute … [Read more...] about Vietnam becomes one of first nations to sign High Seas Treaty

At the 78th session of the United Nations General Assembly . (Photo: VNA) New York (VNA) – US President Joe Biden highlighted the relations between Vietnam and the US in his speech at the 78th session of the United Nations General Assembly in New York on September 19. “For decades, it would have been unthinkable for an American President to stand in Hanoi alongside a Vietnamese leader and announce a mutual commitment to the highest level of countries partnership,” he said at the high-level debate themed “Rebuilding trust and reigniting global solidarity: Accelerating action on the 2030 Agenda and its Sustainable Development Goals towards peace, prosperity, progress and sustainability for all,” referring to his Vietnam visit earlier this month. US President Joe Biden . (Photo: VNA) “With a concerted leadership and careful effort, adversaries can become partners, overwhelming challenges can be resolved, and deep wounds can heal,” the leader continued. … [Read more...] about President Joe Biden highlights Vietnam-US relations at UN General Assembly