Argentine President Mauricio Macri (Source: VNA) Hanoi (VNA) – Argentine President Mauricio Macri has affirmed that Vietnam is an important partner of Argentina and his ongoing visit to the Southeast Asian country aims to consolidate bilateral relations and seek more cooperation opportunities to bring benefits to the people of both nations. In an interview granted to the Vietnam News Agency (VNA) during his State visit to Vietnam from February 19-21, President Macri said he was happy to return to Vietnam after 11 years since his first trip as Mayor of Buenos Aires and thanked the Vietnam people for their warm welcome. Vietnam is the Southeast Asian nation which has the most cooperation initiatives with Argentina, he said, adding that the two countries have cooperated together effectively in ensuring human rights. Argentina has also assisted Vietnam in the search for and identification of martyrs, he added. Noting with pleasure the fact that Vietnam is currently the fifth … [Read more...] about Vietnam – important partner of Argentina: President Macri
Vietnam important facts
Ambassador Ngo Duc Manh (Photo: VNA)Reporter: Could you please tell us the significance of the official visit to the Russian Federation by Party General Secretary Nguyen Phu Trong? Ambassador Manh: The visit is of great significance as it continues to confirm Vietnam’s consistent foreign policies in attaching great importance to reinforcing and promoting the comprehensive strategic partnership with the Russian Federation, considering it one of the leading important and trusted partners of Vietnam. In fact, the Vietnam - Russia relationship has recently seen strong development, both in Party and State relationship, cooperation among localities and people-to-people exchanges. The trusted political relationship has been continuously increased through bilateral exchanges. The two sides have cooperated and given mutual support at multilateral forums such as the United Nations, APEC, ASEM and ASEAN. Continued development has been reported in economics, trade and investment … [Read more...] about New impulse for Vietnam
Recovery signals From the beginning of 2018, a number of regulations related to the automobile sector have been enforced, including the Government's Decree 125 stipulating a preferential import tax rate of 0% on imported vehicle components, the regulations on the preferential import tax rate of 0% on complete cars among ASEAN countries, and Decree 116 on auto manufacture, assembly, import, maintenance and warranty services. These policies have immediately had a strong impact on the domestic automobile market, causing difficulties for car importers, resulting in a sharp decline in the number of imported cars. According to the General Department of Vietnam Customs, the number of complete cars imported into Vietnam was only 12,380 units worth US$329 million in the first six months of this year, a sharp decrease of 75.7% in quantity and 68.3% in value compared to the same period in 2017. In contrast, due to many incentives from the new policies, domestic auto assembly companies have seized … [Read more...] about Vietnam’s auto market bounces back
Many are astonished when hearing that packaged pho made in Thailand is selling like hot cakes in the US. After this surprise came worry and then sadness at Vietnam facing the risk of losing its “copyrights” to pho. But there is nothing abnormal here and what’s up when Thais are making Vietnamese pho? The world is a vast network of connections and so are business and culture, a fact that has been known for a long time. In the world of food, numerous dishes that are the specialties of one country have become internationalised and made in many other countries. Pizza has its origins in Italy and is a pride of the boot-shaped country but now it is hard to estimate how many countries are making pizza. In Vietnam, local people are also making and selling pizza like most other places around the world. Besides the restaurants of Vietnamese owners, there are also other popular chains whose owners do not come from Italy. Pizza Hut and Domino’s Pizza are owned by the … [Read more...] about What if one day Vietnam imports pho?
Healthy domestic banks should focus on improving the transparency in their audited financial statements to attract foreign investors as some banks have recently succeeded with the strategy, experts suggested. Techcombank was listed on the bourse at VND128,000 per share early this month. - Photo VNA Recently, the market has seen the shares of some banks, such as Techcombank and VPBank, draw large interest from foreign investors. At the beginning of June, the stock market witnessed one of the hottest listings in 2018 with great attention by foreign investors when Techcombank (coded TCB) listed on the bourse at VND128,000 (US$5.61) per share. Techcombank CEO Nguyen Le Quoc Anh attributed the deal’s success to the bank’s efforts in improving the transparency in its audited financial statements. According to Anh, Techcombank started to prepare for the listing three years ago, and the bank only targeted major foreign investors. The first thing the bank did to implement … [Read more...] about Transparency helps Vietnam banks draw foreign investors