VIETNAM NEWS HEADLINES DECEMBER 4/2023
Nguyen Dinh Khang, president of the Vietnam General Confederation of Labour (VGCL), was re-elected head of the organisation. He proposed that Vietnam join the global carbon credit market, while affirming the World Bank stays ready to accompany and support Vietnam in this process. The World Bank considers Vietnam an important partner and it will continue to accompany and support Vietnam in meeting its development goals, said President Ajay Banga. Now, nearly 750,000 Americans travel to Vietnam each year, and 119 US non-governmental organisations are operating in the 63 provinces and cities across Vietnam. The municipal People's Committee has issued a plan on developing waterway tourism products in the city in the 2023-2025 period.
Source:Viet Nam News
December 04, 2023 03:03 UTC
PAN approach to partners and green finance at COP28 : CEO of PAN Group
DUBAI — The PAN Group and Standard Chartered Vietnam on Friday signed a memorandum of understanding to collaborate on the implementation of Environmental, Social and Governance (ESG) financial solutions and services. Accordingly, Standard Chartered Vietnam supports PAN in accessing financial solutions and services based on ESG factors to meet the investment needs in the group's sustainable development projects. Specifically, The PAN Group can expand its financial options for the group's development projects and subsidiaries through ESG-related solutions. Meanwhile, Standard Chartered Vietnam could accompany and continue to support PAN's green projects in the future. The PAN Group has been carrying out parallel sustainable development projects in the agricultural sector.
Source:Viet Nam News
December 03, 2023 18:43 UTC
VIETNAM NEWS HEADLINES DECEMBER 3/2023
Culture contributes to creating Vietnam’s strong tourism brandWith rich cultural resources, Vietnam has advantages to develop cultural tourism as an important service economic sector, according to Nguyen Trung Khanh, Chairman of Vietnam National Authority of Tourism (VNAT). Cultural tourism products have been developed based on exploiting the inherent natural value of heritage such as traditional culture, community cultural life, and festivals. New types of cultural tourism products are being promoted such as performing arts, music festivals, cinema, fashion, and contemporary performing arts. Cultural tourism products have created a strong brand in Vietnam. Macron underlined the importance of cultural cooperation and people-to-people exchanges between the two countries, saying France would continue to help Vietnam preserve cultural and historical sites.
Source:Viet Nam News
December 03, 2023 09:50 UTC
Vietnam business forum discusses mobilising resources for green transition
DUBAI — Việt Nam needs international support, financial cooperation, cutting-edge technology and high-quality personnel to serve its green transition, Prime Minister Phạm Minh Chính told a business forum in Dubai on Saturday. The Vietnam Business Forum, themed “Mobilising Resources for the Green Transition”, was jointly held by the Vietnamese Ministry of Planning and Investment, the Vietnamese Embassy in the UAE and the Global Wind Energy Council. He highlighted that the country is focusing on developing digital economy, green transition, circular economy, knowledge-based economy, and sharing economy, with science, technology and innovation taken as new driving force, and green transition an objective and strategic choice. He used the occasion to call on partners to continue their support for Việt Nam’s green development in the spirit of "harmonious benefits, shared risks." At the forum, leaders of international organisations and businesses commended the investment environment in Việt Nam, especially the country's green development strategy, and shared the view that Việt Nam boasts great potential for renewable energy development, especially wind energy.
Source:Viet Nam News
December 03, 2023 01:27 UTC
VIETNAM NEWS HEADLINES DECEMBER 2/2023
The Vietnamese Party chief highlighted the significance of the friendly neighbourliness and comprehensive strategic cooperative partnership between Vietnam and China. Vietnam always supports China’s development and its increasingly important role towards peace, cooperation and development in the region and the world, he said. Sugi expressed his joy to visit Vietnam again on the special occasion of the 50th anniversary of Japan-Vietnam diplomatic ties. Thong highlighted that the right to equality of the Vietnamese ethnic groups in the period is guaranteed by the Constitution and law. Thong highlighted that the right to equality of the Vietnamese ethnic groups in the period is guaranteed by the Constitution and law.
Source:Viet Nam News
December 02, 2023 18:22 UTC
PM attends COP28, witnesses cooperation documents for Việt Nam’s green development
He made the remarks while co-chairing the event on mobilising finance to implement Việt Nam's commitment to climate change with Bill Winters, the Group Chief Executive of Standard Chartered PLC, on Friday. This activity is within the framework of the 28th United Nations climate change conference (COP28) in Dubai, United Arab Emirates (UAE). On this occasion, PM Chính, along with representatives from Vietnamese ministries, sectors, and international organisations, witnessed the signing of nine cooperation documents between ministries, agencies, organisations and businesses in supporting Việt Nam's green development. Bill Winters stated that Standard Chartered Bank will enhance cooperation activities, supporting Việt Nam in mobilising capital, attracting green finance and promoting green growth aligned with the implementation of COP26 commitments. Additionally, it aims to contribute to the establishment of green capital markets and carbon credit markets in Việt Nam.
Source:Viet Nam News
December 02, 2023 02:46 UTC
Mekong Delta to develop one million hectares of high-quality, low-carbon rice production by 2030
HÀ NỘI — The central Government has set a target for the Mekong Delta to establish one million hectares of high-quality, low-carbon rice production by the year 2030 in a decision signed on Monday by Deputy Prime Minister Trần Lưu Quang. All production areas are expected to apply at least one sustainable farming practice, such as the 1 to 5 reduction, Sustainable Rice Platform (SRP) production standards, alternate wetting and drying, and certified good agricultural practices with designated growing area codes. Regarding production organisation, all production areas are expected to link up with enterprises and cooperative groups, cooperatives, farmer organisations and consumers. The mechanisation rate is to exceed 70 per cent with more than one million households partaking in sustainable farming practices. Phase 2's targets (2026-30) include identifying areas suitable for high-quality, low-emission rice farming areas beyond the VnSAT that prioritise infrastructure planning and investment, production restructuring, value chain building and infrastructure.
Source:Viet Nam News
November 29, 2023 14:00 UTC
VIETNAM NEWS HEADLINES NOVEMBER 29/2023
French Ambassador to Vietnam Olivier Brochet affirmed that the CNRS is proud to continue accompanying Vietnam in addressing current global challenges like climate change, energy transition, and the protection of oceans. He added that Vietnam will do its utmost to prepare for the visit by the Belarusian Prime Minister in December. The outcomes of human resources training at various levels according to the Vietnam - National Qualifications Framework have been better. The event was co-organised by the provincial People’s Committee, the Irish Embassy in Vietnam, Care International Vietnam and the Research Centre for Initiatives in Community Development (RIC). The second phase of the programme, funded by the Embassy of Ireland in Vietnam, runs from September 2023-August 2028.
Source:Viet Nam News
November 29, 2023 10:29 UTC
Vietnam Actuarial Conference unveils new era of insurance industry
HCM CITY — Some 350 local and international experts engaged in discussions over a new era in Việt Nam’s insurance industry at the Vietnam Actuarial Conference 2023 hosted by Prudential Vietnam Assurance Private Limited in HCM City last week. Themed “The Next Insurance Era", the largest annual event in the insurance industry offered an in-depth overview of Việt Nam's Insurance market through four presentations by experts from RGA, Gen Re and Pacific Life Re from the US, and Swiss Re from Switzerland. "The challenges and changes in 2023 have inaugurated a new era for the life insurance industry in Việt Nam, particularly in the wake of the recent implementation of Circular 67 under the Insurance Business Law on November 2. A highlight of the conference was the panel discussion on “Unlocking Sustainable Growth: ESG Application in Life Insurance" - an in-depth panel discussion that explores ESG strategies within the insurance industry, delving into ESG practices among businesses in Việt Nam and drawing lessons from developed markets. At VAC 2023, life insurance companies and their partners joined forces to highlight the importance of technological transformation, prioritizing customer-centric approaches, and advancing sustainable development through the adoption of ESG strategies.
Source:Viet Nam News
November 29, 2023 03:58 UTC
Individuals' deposit in banks makes five-year record despite lower interest rates
HCM CITY — Despite interest rate cuts by commercial banks, deposits by retail customers have continued to increase due to a lack of alternative asset classes. The central bank placed the lender under “special control” to head off a contagion that could affect the entire banking industry. Despite the decrease in interest rates, banks’ deposits have kept rising, resulting in a surplus of over VNĐ1 quadrillion. This has led to the central bank issuing treasury bills to mop up the liquidity and ensure there is no significant impact on interest rates. He has instructed the central bank to have flexible and efficient monetary policies to promote growth and ensure safety of the credit system.
Source:Viet Nam News
November 29, 2023 03:58 UTC
Market sees rebound, supported by significant foreign net buying
The market benefited from robust buying forces, supported by significant foreign net buying activity. The market benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) gained 0.68 per cent to end at 1,095.43 points. Investors witnessed a positive turnaround in the stock market on Tuesday, with shares bouncing back. "Notably, foreign investors contributed to the market's momentum with substantial net buying activity, further bolstering the overall sentiment." The securities group performed positively, with SSI Securities Inc (SSI), VNDirect (VND), and Agribank Securities Corporation (AGR) all advancing.
Source:Viet Nam News
November 29, 2023 00:27 UTC
President meets with Japanese Emperor
Videos Hanoi named among top 100 best cities in the world Hanoi was the sole representative from Vietnam to feature in the top 100 best cities in the world in 2024, released by newswire World’s Best Cities, with the capital ranking 96th overall. Videos Vietnamese cuisine brings Vietnam - Japan ties closer “Pho” (Vietnamese beef noodle soup) is the phrase Japanese people search for the most when looking into Vietnam. The dish is rich in Vietnamese flavour and has already conquered the most demanding of diners in the Land of the Rising Sun, becoming a cultural bridge bringing Vietnam and Japan closer together. Videos HCM City set to become medical tourism hub Ho Chi Minh City is developing its name as a medical tourism destination with several products having yielded promising results in the 2017-2023 period, according to the municipal Department of Tourism.
Source:Viet Nam News
November 28, 2023 20:07 UTC
Developing the carbon market is key to green transition
Việt Nam has a great chance to achieve its green transformation objectives and establish its place in the world's green value chains at this pivotal juncture. The carbon credit market plays a vital role in helping enterprises and the country's economy shift from brown to green, lowering greenhouse gas emissions and boosting national GDP and company profits. At a seminar last week about developing the carbon market, Nguyễn Minh Vũ, Deputy Foreign Minister, affirmed that green transformation was a new driving force for sustainable growth and a key strategy for Việt Nam to establish its position in the global green value chain. They maintained that Việt Nam had enormous potential for creating a vibrant, effective, and high-quality carbon market. However, Việt Nam is facing many challenges in the carbon market construction and development process, such as a lack of legal framework, international cooperation, and limited awareness.
Source:Viet Nam News
November 28, 2023 13:54 UTC
VIETNAM NEWS HEADLINES NOVEMBER 28/2023
He emphasised that the relations between Vietnam and the RoK is thriving strongly thanks to a large Vietnamese community in the RoK and the RoK community in Vietnam. Representatives from Vietnamese agencies, ministries, and organisations and the French Embassy in Vietnam, French organisations, and businesses attended the event. The conference achieved its set goals, contributing to enhancing the prestige of the Vietnamese National Assembly and promoting the images of the land, people, and culture of Vietnam. Hà Minh Hải, vice chairman of Hà Nội People’s Committee said: “It is a must to eliminate formality in digital transformation. Throughout national construction and development, Vietnam has consistently recognized and valued cultural heritage as the embodiment of national identity and a valuable resource for national development.
Source:Viet Nam News
November 28, 2023 05:19 UTC
Low bank rates fail to stimulate strong capital influx into securities market
HÀ NỘI - Interest rates for mobilisation at banks have reached historically low levels. However, it is premature to anticipate a significant influx of capital from banks into the securities market at this time. Hoàng believes that low interest rates need to be maintained for a longer period to observe a substantial capital flow shift to the stock market. While savings interest rates have dropped, allowing for reduced lending rates, credit growth has been slow due to challenging global and domestic macroeconomic conditions. Nhân emphasises that for industry-wide credit growth to accelerate, it will take time for government support policies to penetrate the economy.
Source:Viet Nam News
November 28, 2023 02:46 UTC