Prime Minister Pham Minh Chinh (R) and Ambassador of Saudi Arabia to Vietnam Mohammed Ismaeil A. Dahlwy (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh received Ambassador of Saudi Arabia to Vietnam Mohammed Ismaeil A. Dahlwy in Hanoi on March 29, highly valuing his guest’s activeness in helping strengthen friendship and cooperation. The PM expressed his belief that the ambassador will contribute to improved bilateral relations, adding that the Vietnamese Government will order relevant agencies to coordinate with and assist the diplomat to fulfil his duties. Implementing the foreign policy of independence, self-reliance, diversification, and multilateralisation of external relations, and being a good friend, trustworthy partner, and responsible member of the international community, Vietnam wishes to intensify cooperation with Middle Eastern countries, of which Saudi Arabia is a major and influential nation, PM Chinh noted. Ambassador Mohammed Ismaeil A. … [Read more...] about PM Pham Minh Chinh receives Saudi Arabian ambassador
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PM studies Rotterdam Port management model
Prime Minister Pham Minh Chinh visits the Port of Rotterdam on December 13 as part of his official visit to the Netherlands.(Photo: VNA) The Hague (VNA) – Prime Minister Pham Minh Chinh visited the Port of Rotterdam on December 13 to examine the management and operation of the facility as part of his official visit to the Netherlands. Port Authority told PM Chinh that Vietnam holds potential and could build an international transshipment port. The authority is willing to cooperate with the Southeast Asian country in seaport development , with the method and scale of cooperation to be taken into account. VNA … [Read more...] about PM studies Rotterdam Port management model
SBV’s draft regulations encourage banks to support corporate bond market
A bank employee handles cash. The corporate bond market has flourished with an estimated annual issuance value of over VND500 trillion (US$21.9 billion) in 2021. — VNA/VNS Photo The State Bank of Viet Nam has unveiled a preliminary revision to Circular 16, requesting public input on proposed modifications that would permit credit institutions to procure corporate bonds as a means of boosting liquidity in the corporate bond market. The revision corresponds to Decree 08 of the Government, which went into effect on March 5 and aims to address bottlenecks in the corporate bond market. Circular No. 16/2021/TT-NHNN, issued on November 10, 2021, delineated principles for the acquisition and sale of corporate bonds by credit institutions. The preliminary revision aims to clarify and expound on various components of Circular 16 to avoid ambiguities and gaps. The notable changes include more specific regulations for banks in investing in corporate bonds, such as banks’ responsibility … [Read more...] about SBV’s draft regulations encourage banks to support corporate bond market
Ceremony marks 20th anniversary of N.A. Standing Committee’s Board for People’s Aspiration
Speaking at the event, head of the board Duong Thanh Binh said the people's aspiration work has contributed to strengthening the trust of voters and the public in the Party and State, serving as an important channel for constituents nationwide to convey their aspirations to the National Assembly (N.A.), the Government and judicial agencies, and a bridge to build fine relationships between the N.A. and voters and people. N.A. Standing Vice Chairman Tran Thanh Man underlined the Party and State’s special attention to the people's aspiration work. He asked the board to work closely with the government and its organs, and the Vietnam Fatherland Front to fulfill the assigned tasks and send monthly reports on emerging, complex and prolonged issues to competent agencies. It was assigned to continue improving the quality of its reports; effectively review and monitor the settlement of complaints and denunciations when requested by the National Assembly Standing Committee. The board was … [Read more...] about Ceremony marks 20th anniversary of N.A. Standing Committee’s Board for People’s Aspiration
Developments for Vietnam to watch in midst of bank crisis
In 2008, the US investment bank Bear Stearns, on the verge of collapse, had to be rescued by J.P. Morgan. This marked the beginning of the global financial crisis of 2008, which sent the global economy into a deep recession and caused significant economic damage, including massive employment losses. Patrick Lenain, senior associate at the Council on Economic Policies Today, several banks are once again in trouble. As of March 22, four large banks were in distress. Silicon Valley Bank (SVB), a $212 billion US bank specialising in tech startups, collapsed when it was unable to meet deposit withdrawal requests and had to be taken over by federal regulators. A few days later, Signature Bank, another midsized US bank with assets of $110 billion, also suffered a severe liquidity crisis and was seized by federal regulators. This was followed by First Republic Bank with assets of $205 billion, which was hit by rating downgrades and a tumbling share price and had to be … [Read more...] about Developments for Vietnam to watch in midst of bank crisis
Haiphong graced with nearly 1,000 Japanese sakura
Nearly 1,000 Japanese sakura trees were arranged in the Opera Square of Haiphong City, awaiting the opening ceremony at 8 PM on March 23 The iconic Japanese flowers were delivered in refrigerated containers Five types of sakura were chosen for display in the cultural fair in Haiphong The preparations took long hours before the opening ceremony to keep the sakura fresh and beautiful VIsitors dressed up and posing hours before the opening ceremony The sakura-themed fair brought hordes of visitors, especially sakura admirers The 2018 cultural fair in Haiphong city would introduce five types of Japanese sakura, each of a unique colour Japanese cultural festival to open on March 23 Vnexpress … [Read more...] about Haiphong graced with nearly 1,000 Japanese sakura
Mount Phia Oac dons white snow coating
At an altitude of 1,900 metres, the highest mountain of the northwest province of Cao Bang sported a white snow cover. Mount Phia Oac, situated in Cao Bang Geopark, was one of the main tourist attractions of the province. The rare phenomenon of icy snow coating the mountain top was reported twice since the beginning of this winter. Visitors flocked to the geopark to admire the snow and ice at the peak. Due to the low temperature and the heavy rain, travellers were strongly recommended to bring warm clothes and high-friction footwear. Winter 2017, one of the harshest winters in history, struck the northwest region. In less than one month, the temperature at the peak of Mount Phia Oac reached near 0 degrees Celsius. Previously, snow cover first appeared on the peak of Mount Phia Oac in November 1977, in a record-low one degree Celsius. The snow coating, however, only lasted for less than 24 hours as it melted the very next day. … [Read more...] about Mount Phia Oac dons white snow coating
Vietnam sees surge in foreign tourists
Vietnam attracted 2.7 million foreign tourists in the first quarter of this year, representing an on-year rise of 29.7 times. According to the General Statistics Office (GSO), Vietnam welcomed 895,400 foreign arrivals in March, raising the country’s total number of foreign visitors to 2.7 million. However, the figure only accounted for 60 percent of the first quarter of 2019 pre-Covid-19-pandemic. Foreign tourists in Vietnam Vice Chairman of the Vietnam National Administration of Tourism Pham Van Thuy, said the number of foreign travellers to Vietnam was on the rise. The figure would continue sharply increasing as summer nears. Thuy strongly believed that Vietnam would surpass eight million foreign arrivals this year. Between January and March, Vietnam served 140,233 Chinese tourists. The stronger recovery is expected to start from April as more programmes to promote tours to Vietnam would be carried out. In the first three months of this year, 81,000 … [Read more...] about Vietnam sees surge in foreign tourists
Thailand expects 17-20 million travelers during Songkran Festival
Bangkok (VNA) - The Thai government will fully support this year's Songkran Festival , which takes place from April 13-15, with 17 – 20 million people expected to travel around the country next month. According to Government spokesman Anucha Burapachaisri , Prime Minister Prayut Chan-o-cha had ordered state agencies to prepare grand events for the holiday. The expected number of tourist represents a significant increase from the COVID-19 pandemic period. Anucha said the government has launched campaigns to encourage people to enjoy trips and travel during public holidays between now and September under the Tourism Authority of Thailand's "Visit Thailand Year: Amazing New Chapters" scheme and such campaigns as We Travel Together, Wonder Deal and Secret Code 365. To ensure safety, visitors are encouraged to install the "I Lert U" smartphone application, which allows users to report issues and request assistance. Moreover, it locates the caller and sends help using the … [Read more...] about Thailand expects 17-20 million travelers during Songkran Festival
Ministry proposes draft on cross-border trade
A vehicle loaded with Vietnam ese goods goes through Ma Thu Lang Border Gate to enter China .(Photo: VNA) Hanoi (VNS/VNA) - The Ministry of Industry and Trade (MoIT) is seeking public comments on a legal draft amending Decree No. 14 on cross-border commercial activities. The draft aims to plug some loopholes that have been exploited by traders to disguise their commercial activities as cross-border individual transactions (CITs). It is also part of the government's efforts to promote the movement of goods via official channels, putting an end to trade bottlenecks at border gates. The draft stipulates that traders who engage in commercial activities at auxiliary border gates or border crossing points must do so at the gates or points approved by provincial authorities. The traders and their companies are also required to carry a valid passport or equivalent papers while doing the trade. Vehicle drivers, in addition to the papers, are required to have a valid … [Read more...] about Ministry proposes draft on cross-border trade