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World cup books

/ March 9, 2021

Book on VN-Russia relationship launched in Moscow

The book compiled by Vietnamese ambassador to Russia Ngô Đức Mạnh was launched last weekend in Moscow. VNA/VNS Photo Trần Hiếu HÀ NỘI — A book on the 70 years of Việt Nam-Russia relations was launched in Moscow recently. The book consists of five parts including 700 images and documents classified into diplomatic events and co-operation activities between the two countries in politics, economy, defence-security, culture, education, science, and people-to-people diplomacy. The book was compiled by Vietnamese Ambassador to Russia Ngô Đức Mạnh to promote relations between the two countries. “In my new position, I have favourable conditions to turn my wish into reality. I have collected, systematised and compiled the book," said the ambassador at the book launching ceremony last weekend in Moscow. Attending the ceremony were representatives of the Russian Ministry of Foreign Affairs, Federation Council, State Duma, administrations of Moscow, Saint Petersburg, and other localities, as well as local scholars, people and Vietnamese expatriates. Speaking at the event, ambassador Mạnh said the book is a gift of gratitude for leaders, people, and readers of the two countries, which, he said, shared a traditional friendship of closeness, trust, mutual understanding and support during the wartime and in the current national construction cause. The 624-page book gives an overview of the Việt Nam-Russia ties and introduces Vietnamese President Hồ Chí Minh’s activities in Russia, who set the foundation for bilateral relations. In the book’s introduction, Vietnamese Deputy Prime Minister and Minister of Foreign Affair Phạm Bình Minh wrote today's Việt Nam-Russia relations have inherited from the Việt Nam-Soviet Union relationship with the precious assets of sincere affection, and mutual support and assistance, forging a strong and loyal friendship between the two nations. Russia was the first country that Việt Nam established a strategic partnership in 2001 and a …

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/ March 8, 2021

China willing to strengthen ties with ASEAN: Chinese FM

Chinese State Councilor and Foreign Minister Wang Yi (Photo: Xinhua/VNA) Hanoi (VNA) – China is ready to work with ASEAN to build an even closer community with a shared future, and open up another three decades of even greater cooperation, said Chinese State Councilor and Foreign Minister Wang Yi at a press conference on the nation’s foreign policy and external relations. At the event, held via video link on the margins of the Fourth Session of the 13th National People's Congress, Wang stated China and ASEAN countries need to remove distractions and press ahead with consultations for a code of conduct (COC) in the East Sea (South China Sea), and work toward the early conclusion of a set of regional rules that are more substantive and effective, consistent with international law and serve the needs of all parties. He added the sides should continue the full and effective implementation of the Declaration on the Conduct of Parties in the waters (DOC) in order to build consensus, enhance mutual trust, advance cooperation, and maintain overall stability in the sea. The official also said China will scale up support to the bloc’s pandemic response, noting that it is now providing COVID-19 vaccines for ASEAN countries and helping Indonesia to become a hub of vaccine production in Southeast Asia. Concerning the Myanmar issue, Wang underscored on the basis of respect for Myanmar's sovereignty and the will of its people, China stands ready to play a constructive role in easing the tension in the country./. VNA …

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/ March 8, 2021

VIETNAM BUSINESS NEWS MARCH 8

Small investors oppose expanding trading lot Ho Chi Minh City Stock Exchange (HOSE)’s proposal to raise the minimum trading lot to 1,000 shares is receiving mixed opinions from market experts and investors. The proposal was initiated by newly-appointed General Director of HOSE Le Hai Tra as a solution to reduce system overloads which have troubled traders recently. A 1,000 minimum trading lot will limit the participation of small investors, while the stock market is moving towards fairness and equality, said a budding investor. “My friends and I, when joining the stock market, only have a few tens to several hundreds of millions of dong, raising the minimum trading lot to 1,000 shares will directly affect our investment capacity,” said individual investor Diep. “With expensive stocks, we may have to spend hundreds of millions of dong to buy the minimum 1,000 shares,” she said. According to Diep, the stock market has never had such a chance for growth. New cash flow into the market pushed liquidity to a record high level. However, the new proposal may not only prevent new investors from entering the market but also discourage existing investors. “The plan to raise the minimum trading lot to 1,000 shares could quickly reduce the number of orders delivered daily on HOSE. However, it will cause frustration among small investors who are directly affected by the plan as they think they are not protected,” said Do Bao Ngoc, Deputy General Director of Kien Thiet Securities Vietnam (CSI). “This plan, if in place, will affect the rapid development of the stock market under the current favourable conditions, one of which is great interest from global investors,” he said. “Under the new plan, the most affected are the investors whose trading accounts have VND1 billion or less,” said Nguyen Hoang Hai, Vice Chairman of Viet Nam Association of Financial Investors (VAFI) According to VAFI statistics, investors whose trading accounts have VND500 million or less …

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