Why foreign aid is good

Roundtable: Large foreign investment funds want to pour money into the Vietnamese stock market Quan Duc Hoang, chairman of A+ Fund, made the comments about foreign capital at the roundtable 'New Investments amid New Volatility' hosted by VIR at its headquarters in Hanoi on February 7. “Recently, I have business trips to work with big investment funds in the United States, the United Kingdom, and South Korea. Not one of these investment funds have a sensitive overview of the Vietnamese investment environment. They estimate that it is an ideal time for investors to collect a portfolio of shares,” Hoang said. “In spite of the difficult situation, during the past nearly 30 years, I have yet to see a large investment opportunity similar to the current situation because many Vietnamese enterprises are operating smoothly and generating good profits. Besides, we have yet to take thorough advantage of the opportunity from free trade agreements, especially EVFTA. The important note is … [Read more...] about Foreign investment funds plan to pour money into Vietnamese stocks

Illustrative photo (Source: thoibaonganhang.vn) Hanoi (VNA) – Vietnam’s e-commerce is projected to continue booming in 2023 and developing firmly in the following years, aided by a series of growth drivers such as the wave of digital transformation, consumers’ trust, technological infrastructure, and favourable mechanisms and policies issued by the Government. Boasting some 100 cross-border e-commerce platforms, Vietnam has been ranked among the top five nations with regard to the sector’s growth of 20% a year by eMarketer. Last year, the country’s top four platforms – Shopee , Lazada , Tiki , and Sendo – generated 135 trillion VND (5.73 billion USD) in revenues. Meanwhile, the scale of the country’s retail e-commerce market was estimated to reach 16.4 billion USD last year, accounting for 7.5% of the country’s goods and service revenues. There were approximately 57-60 million Vietnamese people shopping online, with their spending averaging 260-285 USD. … [Read more...] about Vietnam’s e-commerce forecast to continue booming

In a ceremony held on Tuesday by the Ministry of National Defence, seven additional military officers were officially dispatched on United Nations peacekeeping missions. Deputy Defence Minister Sen. Lt. Gen. Hoàng Xuân Chiến hands over the State President's decision on Vietnamese military peacekeepers. Among those officers, two will be sent to the United Nations Mission in South Sudan (UNMISS), four to the United Nations Interim Security Force for Abyei (UNISFA), and one will serve at the UN mission in Central Africa, replacing their predecessors who have completed their term. At the ceremony, four officials who successfully completed their tasks on UN peacekeeping missions were welcomed home. “Today, seven officers received the State President’s Decision and the Decision of the Ministry of Defence to go on duty at the United Nations Peacekeeping Mission in the Central African Republic, South Sudan and the Abyei Area,” said Major General Hoàng Kim … [Read more...] about Seven military officers join UN Peacekeeping Mission

For urgent issues, N.A. agencies should actively and promptly work with relevant ministers and heads of ministry-level agencies to seek solutions, instead of waiting for question and answer (Q&A) sessions held by the legislative body and its standing committee. Notably, this year, the N.A. will conduct a vote of confidence for posts it elected and approved. Therefore, the work of preparing for deputies to properly assess their confidence with these positions is also an important responsibility of the Council for Ethnic Affairs, and committees of the legislature and its standing committee, the top legislator stressed. He also required the early and good preparations for state budget estimates and settlement, and parliamentary diplomacy, including foreign visits by the N.A. chairman and vice chairmen, and the organization of the Global Conference of Young Parliamentarians. At the meeting, N.A. Chairman Vuong Dinh Hue also reviewed the body’s two extraordinary sessions held in … [Read more...] about Top legislator stresses importance of keeping close watch on macro-economic situation