Vietnam asset management

Vietnamese Minister of Justice Le Thanh Long (L) and his Hungarian counterpart Judit Varga sign the cooperation pact under the witness of National Assembly Chairman Vuong Dinh Hue and his Hungarian counterpart László Kovér. (Photo: VNA) Budapest (VNA) - Vietnamese Minister of Justice Le Thanh Long and his Hungarian counterpart Judit Varga on June 27 signed a cooperation programme between the two ministries for the 2022-2023 period, as part of National Assembly Chairman Vuong Dinh Hue’s ongoing official visit to Hungary. The signing ceremony was witnessed by National Assembly Chairman Vuong Dinh Hue and his Hungarian counterpart László Kovér. Per the pact, the cooperation contents focus on topics that Vietnam needs experience and Hungary has strengths such as asset recovery mechanism in corruption cases, one-stop shop mechanism, the application of information technology in civil judgment enforcement, and non-conviction based confiscation, among several others. The … [Read more...] about Vietnam, Hungary seal judicial cooperation deal for 2022-2023

Director of the Police Department for Administrative Management of Social Order To Van Hue (Photo: cand.com.vn) Seoul (VNA) - A delegation of the Ministry of Public Security led by Director of the Police Department for Administrative Management of Social Order To Van Hue is on a working visit to the Republic of Korea ( RoK ) to learn from the country’s experience in managing residence registration. experience in operating residence registration systems and public services related to residence registration, protecting personal information related to residence registration information, and issues related to the security function of the residence registration card. Vietnam ese delegation to visit six establishments related to residence registration from June 27 - July 1. The Vietnamese delegation will also visit public service facilities of local governments, the national information resource management agency, and the Korea Local Information Research … [Read more...] about RoK shares experience in managing residence registration with Vietnam

Ambassador Nguyen Phuong Tra, Deputy Permanent Representative of Vietnam to the UN. (File photo: VNA) New York (VNA) – A Vietnamese representative affirmed the country's commitment to effectively manage small arms and light weapons, while attending an ongoing meeting held at the UN headquarters in New York. The 8th biennial meeting of states to consider the implementation of the Programme of Action to Prevent, Combat and Eradicate the Illicit Trade in Small Arms and Light Weapons in All Its Aspects (PoA) kicked off on June 27. In her remarks, Ambassador Nguyen Phuong Tra , Deputy Permanent Representative of Vietnam to the UN, shared other states’ concern about multifaceted impacts of illegal activities related to small arms and light weapons on global security, stability, and development. She highly valued recent efforts, including the PoA implementation, to prevent the illicit trade in small arms, pointing out the necessity to augment international cooperation on the … [Read more...] about Vietnam pledges to effectively manage small arms, light weapons

Privacy policy announcement is the foundation for citizens to protect the right on their data when there are disputes. However, despite the Covid-19 pandemic leading to more use of online service, the number of people using these services is not high enough. Statistics from the survey for Vietnam Provincial Governance and Public Administration Performance Index (PAPI) in the two years of 2020 and 2021 show that only 3.5 percent of the surveyed experienced the national public service e-portal. To be successful in digital transformation, personal data protection according to the UN’s standards is critical, including such features as fair and lawful personal data processing; clarification of personal data collecting and processing; necessary personal data collecting only; safe storage of personal data; transparency and accountability ensuring. However, UNDP survey shows that most localities have not fully observed legal regulations on private data protection. For instance, only … [Read more...] about Vietnam warned of personal digital data management

The e-GP would allow effective and transparent management of the public procurement process. Vietnam’s e-government procurement (e-GP) system is set to start operations on August 1, 2022. The new procurement system is set to operate on August 1. File photo The new procurement system, updated with new changes and designed to operate on multiple browsers, would help serve as a hub of information related to procurement, as well as a platform for the online bidding based on safety, competitiveness, fairness, and cost-efficiency. To ensure the smooth operation of the e-GP, participants in the bidding are requested to switch to the new system from the old one. The e-GP is developed under a project of applying e-commerce in public procurement under the public-private partnership (PPP). The Ministry of Planning and Investment (MPI), IT company FPT, and the Investment and Development of National e-Procurement System Company are responsible for running the new … [Read more...] about Vietnam’s e-government procurement system set to launch in August

Binh Tran and Eddie Thai, co-founders & general partners of Ascend Vietnam Ventures Binh Tran and Eddie Thai, co-founders & general partners of Ascend Vietnam Ventures, have been investing together in Vietnam since 2015 and have backed home-grown international successes such as NFT gaming unicorn Axie Infinity, AI-driven edtech ELSA, and financial inclusion fintech Trusting Social. With AVV Alpha, the team has increased their investments in startups in Vietnam, seeding up to $2 million into 25 startups by next year and following on with checks of up to $5 million. “The likes of Axie Infinity, ELSA, and Trusting Social are by no means isolated successes,” said Binh Tran. “Vietnam’s dynamism, accessibility, low cost of living, as well as abundant quality engineering talent attract many founders. On top of that, many tech solutions built here can address similar challenges and customer behaviours in other emerging markets worldwide. Vietnam will continue to be seen as … [Read more...] about Ascend Vietnam Ventures surpasses $50 million target

Permanent Deputy Minister of Foreign Affairs Nguyen Minh Vu . (Photo: VNA) Hanoi (VNA) – Permanent Deputy Minister of Foreign Affairs Nguyen Minh Vu on June 27 hosted a reception for his Turkmen counterpart Vepa Hajiyev who has been visiting Vietnam as the two countries will be celebrating the 30th founding anniversary of diplomatic relations next month (July 29, 1992 – 2022). Vietnam treasures the long-standing friendship and partnership with Turkmenistan and wants to further strengthen the bilateral ties, Vu told Hajiyev, adding that the visit will create new opportunities for cooperation between the two nations. The Vietnamese official welcomed the business mission accompanying Hajiyev to attend the Vietnam – Turkmenistan business forum scheduled for June 29. The business delegation is also planning to meet with representatives of Vietnamese ministries of transport, construction, industry and trade, and education and training. Hajiyev spoke highly of close … [Read more...] about Vietnam, Turkmenistan eye closer cooperation in multiple areas

The flag carrier is looking for potential investors to acquire a stake in Pacific Airlines while trying to evaluate its value, and whether a private placement offer or public auction is suitable for the deal, Vietnam Airlines head accountant Tran Thanh Hien told shareholders at the annual general meeting Tuesday. There are several different decrees on state capital management that should be consulted for each of the two options, which Vietnam Airlines are studying in great depth, he said. Another challenge involves Pacific Airlines having accumulated a loss, with extra rules governing the sale of such companies, he added. Hien said Vietnam Airlines is requesting the government to help it find a suitable investor in Pacific Airlines in a way that ensures transparency in legal implementation. The state-owned carrier said in a recent report that Pacific Airlines is in a "severe" financial situation and is facing insolvency. The low-cost carrier is reporting an accumulated loss … [Read more...] about Vietnam Airlines faces legal headache in sale of ailing Pacific Airlines

A pregnant woman intended to end her life by jumping into water at the Ho Bridge in Bac Ninh Province, northern Vietnam due to a conflict with her boyfriend, but she was saved by police last weekend. The woman was identified as Vang Thi D., aged 28, who lives in Ha Giang Province. A team of waterway police officers from the Traffic Police Department under the Ministry of Public Security said Monday that they had successfully rescued a woman who intended to commit suicide at the Ho Bridge spanning the Duong River in Tien Du District in the province on Sunday. At around 3:20 pm on that day, the team dispatched four waterway guards, ships, and vehicles to the scene for rescue efforts after being notified of the case. The rescuers managed to talk the woman into giving up her suicidal thoughts. D. said that she got pregnant with her boyfriend, who resides in Gia Binh District, Bac Ninh. However, a conflict with him made her intend to commit suicide. After taking her to a safe … [Read more...] about Pregnant woman saved in suicide attempt in northern Vietnam

Jesse Choi, CEO of Sunwah Innovations and director of Sunwah Vietnam talked about Vietnam's market entry opportunities and strategy The webinar received around 100 participants including experts and representatives of corporates, startups, universities, incubators and accelerators, venture capital firms, and business associations from Vietnam and neighbouring countries and territories including Cambodia, Singapore, Japan, South Korea, China, and Hong Kong. Vietnam has seen significant improvements in developing a dynamic and open business environment. In the post-pandemic period, the country stands firm as one of the most attractive destinations in the Southeast Asian region for foreign investors and businesses including venture capital firms and startups. Realising an increasing need from overseas startups and supporting organisations to explore and gain footholds in the market, Sunwah Innovations organised the Vietnam Market Entry Opportunities and Strategy webinar. It was … [Read more...] about International webinar on Vietnam’s Market Entry Opportunities and Strategy