The launch of the support center aligns with the Government's goal to achieve an effective digital media transformation by 2025 and beyond. The Ministry of Information and Communications has launched a digital transformation center to support media outlets and ensure their competitiveness in the digital age. According to Luu Dinh Phuc, Director of the Press Authority under the Ministry of Information and Communications (MIC), the center will be responsible for developing an index to measure the level of digital transformation of media outlets, providing information and materials on successful digital media transformation models and experiences, and offering financial, technical, and technological support to press agencies. Vietnam has a new digital transformation center to support press agencies. Photo: VNA Speaking at a regular press conference in Hanoi on June 5, Phuc said the Press Authority would serve as a primary source of information and evaluation, … [Read more...] about Vietnam launches digital transformation center to support press agencies
Vn economy
High interest rates cast shadow over real estate
Ngo Quang Phuc, CEO of Ho Chi Minh City-based developer Phu Dong Group, said, "Along with overly complex legal procedures, the high cost of lending remains a major concern to both real estate firms and house buyers, and it's having an effect on those with a pressing demand for accommodation." Lending rates currently stand at between 13-14 per cent. The State Bank of Vietnam (SBV) reduced the regulatory interest rate for the third time in three months on May 25 to boost the economy with the expectation of enticing money back into the real estate market. Some encouraging results were reported following the SBV’s rate reduction, but despite some improvements, the current level of liquidity is a fraction of what was available several years ago. "However, we will need to wait a little bit longer to see any real effect from this rate reduction decision," Phuc said. Similarly, Nguyen Ba Sang, chairman of An Gia Real Estate Investment and Development Corporation, … [Read more...] about High interest rates cast shadow over real estate
Viet Nam and New Zealand have great potential for economic and trade cooperation
New Zealand Deputy Minister of Foreign Affairs and Trade Vangelis Vitalis In the near future there will be many opportunities to develop Viet Nam-New Zealand relations in many aspects, according to New Zealand Deputy Minister of Foreign Affairs and Trade Vangelis Vitalis. On the sidelines of the 8th meeting of the Viet Nam-New Zealand Joint Trade and Economic Commission (JTEC), he spoke about the results of the meeting and the prospect of cooperation and investment between Viet Nam and New Zealand. What are the results of the 8th JTEC meeting? How do you evaluate the cooperation between the two countries in economics, trade and related fields after the 7th JTEC meeting in 2020? The joint trade economic cooperation talks are always a very important moment in the bilateral relationship between Viet Nam and New Zealand. And the things Viet Nam's Deputy Minister of Industry and Trade Phan Thi Thang and I focus on are practical things. These things will benefit our businesses, … [Read more...] about Viet Nam and New Zealand have great potential for economic and trade cooperation