Vietnam romania relations

PM Pham Minh Chinh addresses the ASEAN - US Special Summit in Washington D.C. on May 13. (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh’s recent working visit to the US is a step to strongly implement Vietnam’s foreign policy , help elevate multilateral diplomacy , and intensify relations with the US - one of the leading partners of Vietnam, an official has said. The high-ranking delegation of Vietnam led by the PM attended the ASEAN - US Special Summit and paid working visits to the US and the UN from May 11 to 17. Talking to the media, Deputy Minister of Foreign Affairs Ha Kim Ngoc said the trip with more than 60 bilateral and multilateral activities at different levels helped carry out the foreign policy of independence, self-reliance for peace, friendship, cooperation and development, multilateralisation and diversification of external relations, and comprehensive and extensive international integration. At the special summit marking the 45th … [Read more...] about PM’s working trip to US a demonstration of Vietnam’s foreign policy

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

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

Jens Olaf Økland, Equinor’s senior vice president Why did Equinor choose now to open an office in Hanoi? We believe it is very timely to open an office now. Vietnam is one of the world’s fastest-growing economies and power markets. With its long coastline and favourable wind conditions, the country has among the best wind resources in Asia and a strong desire to develop an offshore wind market. The country is on a path to becoming net-zero and offshore wind can enable this transition. We believe Vietnam has a high potential to become an interesting growth market for offshore wind and have therefore opened a representative office in Hanoi. Vietnam has set ambitious targets for offshore wind both for 2030 and 2045 which would result in Vietnam being one of the top offshore wind markets globally. The end of the decade is not that far away and a lot of things still need to come into place, both on the regulatory side and for the industry, but this is also natural in the … [Read more...] about Equinor reaffirms entry in Vietnam’s offshore wind

President Nguyễn Xuân Phúc (right) meets Speaker of the Singaporean Parliament Tan Chuan-Jin on Thursday. VNA/VNS Photo HÀ NỘI — Speaker of the Singaporean Parliament Tan Chuan-Jin said Singapore’s Prime Minister wants to visit Việt Nam in 2023 when the two countries celebrate the 50th anniversary of the establishment of diplomatic relations, during his meeting with Vietnamese President Nguyễn Xuân Phúc on Thursday. President Phúc said that the presence of Speaker Tan at the 31st SEA Games provides great encouragement to the host country Việt Nam and the Singapore sports delegation. The Vietnamese leader praised the good results of talks between Vietnamese NA Chairman Vương Đình Huệ and his Singaporean counterpart. Assessing that trade growth between the two countries is very positive, with more Singaporean projects investing in Việt Nam, the President said that the Vietnam Singapore Industrial Park is considered a symbol of economic cooperation between the two countries. … [Read more...] about Việt Nam, Singapore to strengthen cooperation ahead 50th anniversary of diplomatic relations

At the reception, the Vietnamese deputy defense minister confirmed that Vietnam treasures the partnership with the U.S. and considers the country one of its top partners. General Luong said that over the past time, the two countries have carried out a number of practical and effective cooperation activities in terms of settlement of war legacy in Vietnam. Notably, Harvard University and the U.S. Institute of Peace have made important contribution to the search, collection, treatment, and digitization of information related to Vietnamese soldiers who died, lost information, missed in action in the war in Vietnam. The Vietnamese general asked the U.S. to continue to provide information and other documents on belongings of Vietnamese troops who sacrificed their lives, lost information and missed in action in wartime from different U.S. sources. In addition, the U.S. side was also suggested to call on organizations and individuals to share information and documents related to the … [Read more...] about Vietnam, U.S. cooperation in war legacy settlement

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+

Prime Minister Pham Minh Chinh meets Vietnamese in San Francisco . (Photo: VNA) San Francisco (VNA) – Prime Minister Pham Minh Chinh has lauded overseas Vietnamese ( OVs ) in general and those in the US in particular for their contributions to the homeland as well as the Vietnam-US ties. At a meeting with representatives of the Vietnamese community in San Francisco on May 17 (local time) as part of his trip to the US, Chinh noted that OVs have engaged in 376 projects in the form of foreign direct investment (FDI) with total registered capital amounting to 1.72 billion USD. Remittances to Vietnam exceed 10 billion USD each year, hitting 12.5 billion US D last year, he said, stressing that the capital has played a role in the country’s socio-economic development. The leader reiterated that the Party and the State have always regarded OVs as an integral part and an impulse for national development, which has been reflected in the institutionalisation of … [Read more...] about Prime Minister meets Vietnamese in San Francisco

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

Lenders reinforcing presence with bond issuance, Photo Shinhan Bank Vietnam Shinhan Bank Vietnam last week successfully issued bonds totalling VND2.8 trillion ($121.7 million), with a tenor of two years. CEO Kang Gew Won explained to VIR, “This is the first time that Shinhan Bank Vietnam has issued bonds in the Vietnamese market. This offering reinforces Shinhan Bank’s long-standing relationship with Vietnam. Our bank will use these proceeds from the bond sale to expand the bank’s credit activities, diversify its capital sources, serve its business objectives, and also ensure the bank’s long-term development.” On April 20, Shinhan Bank Vietnam also formally announced the use of the liquidity reserve ratio and net stable capital ratio in liquidity risk management, in accordance with Basel III standards. In recent times, the bank has been continuously assigned a BB rating by Standard & Poor’s, with a “Positive” outlook. Prior to Shinhan Bank, HSBC Vietnam became the … [Read more...] about Lenders reinforcing presence with bond issuance