Tourists at Angkor Wat in Siem Reap, Cambodia (Photo: khmertimeskh.com) Phnom Penh (VNA) - Tourists who have not been vaccinated against COVID-19 will not be exempted from quarantine when entering Cambodia, according to the national press agency of Cambodia AKP . AKP quoted Prime Minister Hun Sen as saying at a meeting on May 17 with the Samdech Techo Young Volunteer Doctors Association (TYDA) that Cambodia welcomes all visitors, but people who have not been vaccinated against COVID-19 must still be quarantined for seven days. The PM emphasised that Cambodia has overcome the epidemic waves caused by variants of the SARS-CoV-2 virus such as Alpha, Delta and Omicron, but has not yet conquered COVID-19. Cambodia is devoting all of its efforts to pushing the COVID-19 vaccination programme, so unvaccinated travellers cannot enter without quarantine. Travellers who have been immunized against COVID-19 do not need to be quarantined and are not required to take rapid or … [Read more...] about Unvaccinated tourists not exempted from quarantine upon arrival in Cambodia
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SEA Games 31: Karate brings Vietnam four golds on May 19
Do Thanh Nhan of Vietnam (red belt) during his match on the day. (Photo: VNA) Ninh Binh (VNA) – The Vietnamese karate team performed excellently on May 19, the second day of karate competition during the ongoing SEA Games 31 , winning four more golds on the day. The trio Nguyen Thi Phuong, Luu Thi Thu Uyen and Nguyen Ngoc Tram brought home the gold in women’s team kata. Two female artists of Vietnam won gold, Bui Thi Thao in women’s kumite over 68kg and Ho Thi Thu Hien in women’s kumite under 68kg, while Do Thanh Nhan pocketed gold in men’s kumite under 84kg. Meanwhile, the gold in women’s kumite under 55kg went to Sanyistyarani Cok Istri Agung (Indonesia) and Raghonathan Sharmendran (Malaysia) claimed gold in the men’s kumite under 75kg. Besides the four golds, Vietnam also had two bronze medals on May 19. During the day, Indonesia claimed one gold and four silvers, Malaysia one gold and two bronzes, the Philippines three bronzes, Thailand one silver and two … [Read more...] about SEA Games 31: Karate brings Vietnam four golds on May 19
SEA Games 31: Two more golds for Vietnam’s Vovinam fighters
Nguyen Thanh Liem wins a gold medal for Vietnam (Photo: VNA) Hanoi (VNA) – Vovinam ( Vietnamese martial arts ) artists won additional two gold medals on May 19 – the second competition day of Vovinam at the 31st Southeast Asian Games ( SEA Games 31 ). In the men’s 60kg combat event, Nguyen Thanh Liem knocked out his Cambodian rival Eh Ammarin Phouthong to pocket the gold medal. Meanwhile, Do Phuong Thao triumphed in the women’s 65kg combat event after defeating Cambodia’s Chuk Somali. In the performance category, duo Pham Thi Bich Phuong and Truong Thanh won a silver medal, while the gold belonged to Mala Chanthalacksa - Phiksamay Insoumuang of Laos. After two days, the Vietnamese Vovinam team added three golds and three silvers to the national medal tally. The sport’s competitions will continue on May 20./. VNA … [Read more...] about SEA Games 31: Two more golds for Vietnam’s Vovinam fighters
Japanese M&A in Vietnam on a steady track to bigger deals
The deal value in Vietnam by Japanese investors last year was more than triple the figure of 2020. Why has there been a sharp increase in Japanese mergers and acquisitions (M&A) deals? Masataka “Sam” Yoshida, head of the Cross-border Division of RECOF Corporation and CEO of RECOF Vietnam Co., Ltd This rise was due to an exceptional deal done by SMBC Consumer Finance, in the amount of nearly $1.38 billion, which acquired FE Credit from VP Bank. In fact, there have been several relatively big deals by Japanese investors ranging from $50-100 million every two years during the last 10 years – however, this one was by far the largest. Apart from this one, we recognise that most of the Japanese-related deals were around $5-30 million in size, which did not show any big difference from before 2020. What is M&A activity like so far in 2022 for Japanese groups here? Despite the aforementioned mega deal by SMBC, most Japanese investors had to wait until travel … [Read more...] about Japanese M&A in Vietnam on a steady track to bigger deals
Vietnam, Singapore parliaments ink agreement to boost cooperation
The visit paid by the Singaporean parliament speaker is aimed to realize the agreement reached by the countries’ top leaders during Vietnamese President Nguyen Xuan Phuc’s visit to the neighboring country in February 2022. A memorandum of understanding (MoU) on enhancing relations, exchanges, and cooperation between Vietnam’s National Assembly (NA) and the Parliament of Singapore was signed during the three-day visit to Hanoi paid by Speaker Tan Chuan-Jin, his first official visit to Vietnam beginning on May 18. Chairman of Vietnam's National Assembly Vuong Dinh Hue (R) and Speaker of the Parliament of Singapore Tan Chuan-Jin in Hanoi on May 18. Photos: Quochoi During the visit made at the invitation of Chairman of Vietnam's National Assembly Vuong Dinh Hue, the two legislative bodies also supported the signing of an MoU on cybersecurity, mutual legal assistance, and trans-border crime prevention. They argued that the legislative connection is an extremely … [Read more...] about Vietnam, Singapore parliaments ink agreement to boost cooperation
Vietnam aims to be 50 percent urbanized by 2030
At a Wednesday conference held by the Communist Party's Secretariat regarding sustainable development of Vietnam’s urban areas by 2030, with vision until 2045, Tran Tuan Anh, head of the Central Economic Commission, said the Party's decision-making Politburo has requested for quicker, better urbanization, as well as sustainably developing urban areas into networks. By 2025, the urbanization rate of Vietnam would be around 45 percent, with 950-1,000 urban areas. By 2030, the rate would be at 50 percent with 1,000-1,200 urban areas. The goal means Vietnam would need 100 more urban areas in the next decade. The country would also have certain urban centers at national and regional level, with medical, education and cultural criteria similar to other urban areas in countries among the top four in Southeast Asia. In those urban areas, the ratio between traffic land and construction land must be at 16-26 percent in 2030. Tree coverage for each person on average must reach 8-10 per … [Read more...] about Vietnam aims to be 50 percent urbanized by 2030
Vietnam affirms consistent stance of settling disputes by peaceful means at ADSOM+
Vietnamese Deputy Defense Minister Senior Lieutenant General Hoang Xuan Chien affirmed that while delivering a speech at the ASEAN Defense Senior Officials’ Meeting Plus (ADSOM+) in Phnom Penh on May 18. The Vietnamese deputy defense minister also emphasized that the security and safety of navigation and aviation in the East Sea (or South China Sea) is extremely important for countries in the region and the Association of Southeast Asian Nations (ASEAN). Therefore, it is essential to observe the Declaration of the Conduct of Parties in the East Sea (DOC) and accelerate the early signing of a practical and effective Code of Conduct in the East Sea (COC). The head of the Vietnamese delegation expressed his wish that all countries would settle conflicts and disagreements by peaceful means, on the basis of respecting international law and the United Nations Charter as well as ASEAN's basic principles. He added that besides emerging non-traditional security challenges, there have been … [Read more...] about Vietnam affirms consistent stance of settling disputes by peaceful means at ADSOM+
President Ho Chi Minh remembered abroad
A delegation of the Vietnamese Embassy in Thailand led by Ambassador Phan Chi Thanh visits Ho Chi Minh Museum in Phichit province. (Photo: VNA) Hanoi (VNA) – The Vietnamese Embassy in Cambodia on May 19 held an incense-offering ceremony to pay tribute to President Ho Chi Minh on his 132nd birthday. In his remarks, Ambassador Nguyen Huy Tang called on the embassy’s staff and Vietnamese people in Cambodia to follow the late President’s ideology, morality and lifestyle. They should seriously observe local law and support each other, he said, lauding Vietnamese firms and agencies in Cambodia for their support to Cambodia ns of Vietnamese origin and local people during the COVID-19 fight. The Vietnamese community in Hungary and Hungarian friends on May 18 also gathered at a ceremony in Zalaegerszeg city where President Ho Chi Minh’s statue is located to pay homage to the late leader. Góra Balázs, Chairman of the Hungarian Socialist Party’s Zalaegerszeg branch, recalled … [Read more...] about President Ho Chi Minh remembered abroad
Techcombank eyes seat at top Southeast Asian banking table
"Even in the very tough environment we are seeing, our employees have maintained a high quality and reliable service for our customers and this is helping us deliver stellar performance year after year," said Jens Lottner, CEO of Techcombank. Last year, the bank continued to reduce costs while focusing on building deposits in its current accounts and savings accounts (CASA), which Lottner described as a "stable and cheap" source of funding. Techcombank’s CASA ratio, which reflects the percentage of the bank’s total deposits that are CASA, jumped from 46.1 percent in 2020 to 50.5 percent last year, on its way to the bank’s target of 55 percent by 2025. Techcombank’s net interest margin (NIM), a measure of the difference between the interest received by the bank and the amount paid out to lenders, also increased 69 basis points to 5.6 percent during the year. "Together, these improving metrics, along with our effective cost management, translated into an excellent profit before tax … [Read more...] about Techcombank eyes seat at top Southeast Asian banking table
Party inspections enhanced to avert violations
Last month, a meeting of the Party Central Committee’s Inspection Commission, chaired by its Chairman Trần Cẩm Tú, was held. — VNA/VNS Photo HÀ NỘI — Inspection and supervision are a crucial part of Party building, a leadership function and task of the entire Party, which have been stepped up in recent times. The work has brought marked results, contributing to detecting and handling violations. One of the key tasks set for 2022 is to conduct inspections when there are signs of violations to deal with wrongdoings by Party organisations and members, preventing the negative phenomena from spilling over from afar, as prescribed in the Party Central Committee’s Regulation No. 22-QĐ/TW dated July 28, 2021, on Party inspection, supervision and discipline. Serious violations should be handled strictly and on time as a deterrence for others, thus raising the prestige of the Party and State agencies, spurring socio-economic development, and building a pure and strong Party. In 2021, … [Read more...] about Party inspections enhanced to avert violations