Vietnams services sector remains a bright spot hsbc

At the Vietnam - US defence dialogue. (Photo: nhandan.vn) Hanoi (VNA) – Deputy Minister of National Defence Senior Lieutenant General Hoang Xuan Chien and US Assistant Secretary of Defence Dr Ely Ratner co-chaired the annual Vietnam – US Defence Policy Dialogue in Washington, D.C on September 19 (local time). Commending positive defence cooperation between the two countries in the past year, Chien and Ratner said post-war recovery cooperation has continued to be a pillar and a bright spot in the bilateral relations, helping build trust and foster mutual understanding between the two sides. Chien took this occasion to thank the US for increasing its non-refundable aid from 183 million USD to 300 million USD for the project to clean up dioxin-contaminated soil at the Bien Hoa Air Base, describing it an important resource to complete the first phase of the project. Vietnam will continue creating favourable conditions for the search for US soldiers missing in action … [Read more...] about Vietnam, US hold annual defence policy dialogue

The banking sector assumes a vital role in introducing innovative financial instruments and suitable investment methodologies to enable Vietnam to achieve its net-zero emissions goal by 2050. The banking sector, as a key capital mobilization channel for the economy, is responsible for  “greening” investment capital flows for Vietnam to ensure the goal of sustainable development. Overview of the conference. Source: SBV Vice Governor of the State Bank of Vietnam Pham Thanh Ha made the remarks at a conference themed “Greening the Financial Sector: Accelerating transition to a low-carbon economy in Vietnam” held today [September 21]. According to Ha, Vietnam has historically maintained very low greenhouse gas (GHG) emissions. In absolute terms, Vietnam's GHG emissions reached 364 million tons of carbon dioxide (CO2) in 2018, constituting a mere 0.8% of the world's total emissions. However, over the past two decades, the country has experienced the fastest … [Read more...] about Greening finance accelerates Vietnam’s SDG implementation

A hemodialysis patient (Photo: VNA) Hanoi (VNA) – Vietnam currently has 350 hemodialysis units with 3,500 medical staff and over 5,500 machines performing dialysis for about 33,000 patients, the recent second scientific conference of the Vietnam Dialysis Association (VDA) revealed. VDA Chairman Dr Nguyen Huu Dung said Vietnam's dialysis industry is highly appreciated in Southeast Asia and has made strong progress in catching up with the world-class level, most notably with techniques such as cyclic dialysis, online hemodiafiltration and blood adsorption. However, with many kidney failure patients needing dialysis, a shortage of dialysis equipment has occurred. He said that patients have to undergo dialysis on shifts, even at night. "Despite efforts over the past time, which are highly appreciated, Vietnam's dialysis sector is facing challenges when chronic kidney failure patients are younger, and the number of patients in need of treatment is on the upward trend. Hence, … [Read more...] about Vietnam’s dialysis sector commended in Southeast Asia

During the 78 th UN General Assembly High-Level Week in New York, Vietnamese Prime Minister Pham Minh Chinh met with top executives from global giants, including the space exploration tech firm SpaceX on September 20. In a notable discussion, PM Chinh met with Tim Hughes, senior vice president in charge of Global Business and Government Affairs at SpaceX. During their conversation, Hughes said, "SpaceX is planning an investment of approximately $500 million in Vietnam, and we're keen on obtaining a licence to introduce our Starlink services in the country." Chinh warmly welcomed SpaceX's proactive investment proposal and encouraged the company to "coordinate with Vietnamese agencies and relevant entities to expedite the project's deployment." Additionally, it's essential to consider competitive pricing to align with Vietnam's developmental objectives and legal framework," Chinh said. The PM emphasised the need for SpaceX to collaborate with Vietnam's Ministry of Planning … [Read more...] about SpaceX targets $500 million investment in Vietnam

Illustrative photo (Photo: VNA) Hanoi (VNA) – Vietnam’s tra fish exports to the US is expecting a better outlook in the remaining months of this year after getting some good news. In early September, the US Department of Commerce (DOC) lowered anti-dumping duties on frozen tra fish filets from Vietnam following its latest preliminary conclusion. The Federal Register, the daily journal of the US government, published the preliminary results of the 19th anti-dumping duty administrative review (POR19) by DOC on Vietnam’s frozen tra fish filets exported to the US in the August 1, 2021 - July 31, 2022 period. Accordingly, the US authority determined that two Vietnamese companies, Vinh Hoan Corporation and Can Tho Import Export Seafood Joint Stock Company (Caseamex), which were selected for individual examination as mandatory respondents, will enjoy a tax rate of 0 USD per kilo and 0.14 USD per kilo, respectively. A rate of 0.14 USD per kilo will be applied to other … [Read more...] about Good news for Vietnam’s tra fish exports to US

Kim Dooyoon, CEO of JB Securities Vietnam What is your assessment of the financial landscape of the country, and how have you seized opportunities? In the last three years living and working in Vietnam, I have found that for Vietnamese business, the main source of financing is mostly from banks, and the capital markets are in the early stage compared to peer countries in Asia. As Vietnam's economy grows fast compared to other countries, I expect that its capital markets will also grow to meet the funding needs from the industries, based on my experience and study in Korea and the US. With this expectation, I have decided to focus on the debt capital market first since I joined JB Securities Vietnam (JBSV) three years ago. In particular, in the last two years, JBSV has advised corporate bond issuances and made commitments to invest more than 1 trillion VND. Thanks to our strong financial analytical skills and advanced risk management scheme on the bonds, JBSV has been … [Read more...] about JB Securities strives to contribute to development of Vietnam’s capital markets

How much will Japan work with Vietnam and ASEAN to help with the energy transition? Kinoshita Tadahiro, director general of Sojitz Vietnam and president of the Japanese Chamber of Commerce and Industry in Vietnam We highly appreciate the government and related ministries for the national green growth strategy, as well as the action plan on green energy transition and reducing carbon and methane emissions of the transportation sector. Completing the legal framework is an important factor to achieving this goal. In the context of increasing energy demand in Asian countries, the Japanese government is ready to cooperate with ASEAN countries in the energy transition process by providing more financial and technical support for testing and applying emission-reduction technologies. Accordingly, Japanese businesses wish to contribute to an effective energy transition in Vietnam by increasing private investment and applying deflation technologies, aiming to achieve … [Read more...] about Green-focused businesses ready for cooperation

Prime Minister Pham Minh Chinh (R) and Treasury Secretary Janet Yellen . (Photo: VNA) New York (VNA) – Prime Minister Pham Minh Chinh met with Treasury Secretary Janet Yellen in New York on September 20 (local time) to discuss cooperation between Vietnam and the US in economy and finance, and to share views on other issues of shared concern. The meeting took place as part of the Vietnamese leader’s trip to the US for the high-level week of the 78th session of the United Nations General Assembly, and bilateral activities in the country. Chinh affirmed that Vietnam considers the US a leading important partner, and stands ready to work together with the country to promote the bilateral relationship intensively, extensively, stably, and practically. Vietnam also regards cooperation in economy, finance, trade and investment as a priority of the bilateral comprehensive strategic partnership, and highly valued substantive contributions by Yellen and the US Department of the … [Read more...] about PM meets US Treasury Secretary, leaders of economic groups

An overview of the workshop (Photo: VietnamPlus) Hanoi (VNA) – A new era of digital media , digital technology, technological convergence, and content convergence has taken shape and is growing strongly. In that context, the model of “ digital newsrooms ” has become an inevitable trend of press agencies. Content and technological convergence is considered the key to opening up new operations for modern journalists and newsrooms. So said Le Quoc Minh, member of the Party Central Committee, Vice Chairman of the Party Central Committee’s Commission for Information and Education, President of the Vietnam Journalists Association and Editor-in-chief of the Nhan Dan (People) newspaper, at a workshop on technology application to digital newsroom governance held in Hanoi on August 17. “Technology helps us keep up to date” Minh said newsrooms in the digital era are facing a number of challenges related to competition with social media platforms and online services, … [Read more...] about ‘Digital newsrooms’ a comprehensive facelift for press agencies

The 2023 Hanoi Fall Festival program will take place from September 29 to October 1 at Hoan Kiem Lake walking street and Hanoi Children's Palace. The first Hanoi Fall Festival with the theme "Hanoi - Come to fall in love" will be held at Hoan Kiem Walking Space and Hanoi Children's Palace from September 29 to October 1, aiming to promote travel to the capital in Autumn, the season when Hanoi is considered to be at its best. The information was announced by Deputy Director of Hanoi Promotion Agency (HPA) Nguyen Thi Mai Anh at a press conference in Hanoi on September 20. Foreign tourists visit Hanoi's Book Street. Photo: Hoai Nam/The Hanoi Times According to Anh, this is the first iteration of an event showcasing Hanoi's culture and cuisine on Capital Liberation Day (October 10). The festival will feature 150 booths from people's committees in 10 districts of Hoan Kiem, Me Linh, Quoc Oai, Ung Hoa, Ba Dinh, Nam Tu Liem, Cau Giay, Dong Anh, Ba Vi and Gia … [Read more...] about Hanoi Fall Festival 2023 captivates visitors with unique activities