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The open-plan office is located in the grade A Capital Place building, Ba Dinh District, Hanoi. Standard Chartered Vietnam announced the launch of its new head office in Hanoi, strengthening its strong, long-term commitment to and investment in Vietnam. Delegates attend the grand opening of the new head office of Standard Chartered Vietnam in Hanoi. Photo: Standard Chartered Vietnam At the grand opening of the new head office, Patrick Lee, Chair of Board of Members of Standard Chartered Bank Vietnam (Limited), said: “Vietnam is an exciting and dynamic market and an important part of our global footprint. It’s great to see our business grow from strength to strength, offering an innovative suite of solutions for consumers and businesses, while contributing to the sustainable development of the Vietnamese economy.” He underlined the company will continue to grow with the country and make a difference for its people and community. Michele Wee, CEO of Standard … [Read more...] about Standard Chartered launches new head office in Hanoi

Occupying the third floor of the grade A Capital Place building, 29 Lieu Giai, Ba Dinh, Hanoi, and attaching the flagship Thang Long branch on the ground floor, the new head office brings together three existing offices across Hanoi into one place for seamless operations and better client service. It features an open-plan office, creating a spacious and comfortable working environment for its employees, and applies technology to optimise office spaces and usability. “Vietnam is an exciting and dynamic market and an important part of our global footprint. It’s great to see our business grow from strength to strength, offering an innovative suite of solutions for consumers and businesses, while contributing to the sustainable development of the Vietnamese economy. Deeply committed to Vietnam, we will continue to grow with the country and make a difference for its people and community.” said Patrick Lee, Cluster CEO, Singapore & ASEAN Markets (Malaysia, Vietnam, Thailand … [Read more...] about Standard Chartered launches new Head Office in Hanoi

Standard Chartered Vietnam launched its new head office in Ha Noi. — Photo courtesy of the bank Standard Chartered Vietnam on Wednesday officially launched its new head office in Ha Noi, strengthening its strong, long-term commitment to investment in Viet Nam. Occupying the third floor of the grade A Capital Place building, 29 Lieu Giai, Ba Dinh, Ha Noi, and attaching the flagship Thang Long branch on the ground floor, the new head office brings together three existing offices across Ha Noi into one place for seamless operations and better client service. It features an open-plan office, creating a spacious and comfortable working environment for its employees, and applies technology to optimise office spaces and usability. “Viet Nam is an exciting and dynamic market and an important part of our global footprint. It’s great to see our business grow from strength to strength, offering an innovative suite of solutions for consumers and businesses while contributing to the … [Read more...] about Standard Chartered reinforces long-term commitment to Viet Nam

The 16th ASEAN Defense Ministers' Meeting ( ADMM-16 ) was held in Phnom Penh, Cambodia, on June 22. (Photo: VNA) Phnom Penh (VNA) – The 16th ASEAN Defense Ministers' Meeting (ADMM-16) was held in Phnom Penh, Cambodia, on June 22, during which a joint declaration was adopted. In the declaration on solidarity for harmonious security, the ministers reiterated that the observance of principles and basic targets set in the ASEAN Charter and the Treaty of Amity and Cooperation in Southeast Asia ( TAC ) aims to enhance the grouping’s centrality and solidarity, and maintain regional order. The document also highlights the significance of maintaining and promoting a favourable environment for the early completion of an effective and substantive Code of Conduct in the East Sea (COC) in line with international law, as well as fully and effectively implementing the Declaration on the Conduct of Parties in the East Sea (DOC). The ministers approved new initiatives within the … [Read more...] about ASEAN united for harmonious security

Flight KE9463 of Korean Air with more than 200 passengers on board from Incheon International Airport landed at Da Nang International Airport on the same day. Korean Air began operating charter flights with a frequency of two flights per week to Da Nang on Wednesdays and Saturdays to meet the increasing needs of tourists. The firm plans to operate one regular flight per day from July 27. The number of foreign visitors to Da Nang has shown signs of strong growth after the success of the Asia Routes Development Forum 2022 with the opening of flight routes by foreign airlines to the city such as Malaysia Airlines, Air Seoul, and Bangkok Airways. Since March, as many as 35,000 foreign passengers have arrived in Da Nang on 286 flights, including 71 flights from the Republic of Korea./. VNA … [Read more...] about Korean Air re-operates direct flights to Da Nang

Vietnam has high regional growth prospects, predicted at more than 6.5% in 2022. (Infographic by Oxford Economics) Hanoi (VNS/VNA) - The economic recovery across the South-East Asian region has been uneven and must now contend with rising external headwinds from outside the region. Vietnam is predicted with a high growth prospect in the region, at more than 6.5% in 2022, 0.7% higher than the average growth of 5.8% for the whole region. This was a key finding from the Economic Forecast presented by the experts at the Institute of Chartered Accountants in England and Wales (ICAEW) Economic Insight Forum Q2. Vietnam was able to bounce back relatively quickly in 2021 compared to the rest of the region. With the easing of restrictions from last year’s Q4 that carried over to this year’s Q1, there has been a significant recovery in its services sector driven by domestic tourism. With the current endemic phase, there should be a boost on the international tourism front as … [Read more...] about Vietnam’s growth to rise by 6.5% in 2022: ICAEW

Many cooperation initiatives have been implemented After the initiative to establish ADMM was approved at the 10th ASEAN Summit in Laos in November 2004, the first ADMM was successfully held in Malaysia in May 2006. Since then, ADMM has become an annual activity of the association’s defense ministers. It aims to promote regional peace and stability via dialogue and cooperation in defense and security; map out orientations for cooperation among ASEAN member countries and between ASEAN, its friends and dialogue partners. It also helps enhance trust and knowledge about defense and security challenges and boost transparency and openness in the region, contributing to building the ASEAN Security Community (later renamed the ASEAN Political-Security Community). So far, ADMM has undergone 15 editions hosted by member countries in turn, namely Malaysia (2006), Singapore (2007), Thailand (2009), Vietnam (2010), Indonesia (2011), Cambodia (2011, 2012), Brunei (2013), Myanmar (2014), … [Read more...] about ADMM to deepen ASEAN defense cooperation

Hanoi Metro, the operator of Hanoi’s Cat Linh-Ha Dong metro line, posted losses of over VND63.7 billion (US$2.7 million), inclusive of VND12.2 billion ($525,000) in corporate management costs, in 2021 since the metro line was put into service in November last year. The firm had already been operating at a deficit given the VND22.7 billion ($976,120) loss it incurred in 2020, prior to the metro line’s inauguration. According to its 2021 audited financial report, Hanoi Metro earned just VND5.3 billion ($228,220) from ride fares for the Cat Linh-Ha Dong metro line. During the year, its income from financial activities jumped 133 percent from 2020 to VND2.1 billion ($90,400). Its expenses, however, amounted to more than VND58.9 billion ($2.5 million), including VND43.7 billion ($1.88 million) in labor costs. This loss, plus its corporate management costs of VND12.2 billion, took Hanoi Metro’s total losses for the year to VND63.7 billion in 2021. Hanoi Metro’s total losses … [Read more...] about Hanoi’s first metro line posts over $2.7mn loss in 2021 audited financial report

During the meeting, delegates exchanged regional and international defense and security situations. They agreed on accelerating collaboration in handling such challenges in the region as terrorism, natural disasters, search and rescue, cyber security, trust-building, maritime security-related issues, safety and freedom of navigation and aviation. Delegates also mentioned the need to enhance cooperation in U.N. peacekeeping operations among ASEAN member states. They agreed to recognize the role of defense organizations in addressing traditional and non-traditional security challenges and reaffirmed ASEAN's central role as the key driver in the evolving regional security architecture. Regarding maritime security, delegates reiterated the importance of early finalizing the Code of Conduct in the East Sea (internationally South China Sea) (COC). They spoke highly of the progress in COC negotiations over the past time and confirmed the commitment of all parties to fully and … [Read more...] about ADMM-16 adopts joint declaration

Flight KE9463 with over 200 passengers on board from Incheon International Airport lands at Da Nang International Airport on the same day (Photo: VNA) Da Nang (VNA) - Korean Air - the biggest airlines of the Republic of Korea (RoK) - reopened its direct air route from Incheon to the central city of Da Nang on June 22. Incheon International Airport landed at Da Nang International Airport on the same day. The firm plans to operate one regular flight per day from July 27, 2022. Chung Eui-seock - Chief Representative of Korean Air in Da Nang - said after restarting charter flights, Korean Air plans to fly daily to Da Nang from July 27, 2022. VNA … [Read more...] about RoK airlines re-operates direct flights to Da Nang