Activity qualified trade or business

Davos (VNA) – Permanent Deputy Prime Minister Truong Hoa Binh led a Vietnamese delegation to participate in many activities within the framework of the 50th annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, on January 21. The Deputy PM was a keynote speaker at the plenary session on strategic prospects for the Association of Southeast Asian Nations (ASEAN), attended other important sessions of the meeting and met with leaders from many countries, international organisations and global leading groups. He also met with President of the WEF Borge Brende and attended a ceremony to announce the conclusion of the Vietnam-WEF cooperation agreement.  Binh told the WEF president that Vietnam highly appreciated the WEF’s coordination with Vietnam to implement successfully the bilateral cooperation agreement.  He emphasised that the implementation of the deal since its signing on the occasion of Prime Minister Nguyen Xuan Phuc’s attendance at … [Read more...] about Deputy PM active at 50th meeting of WEF in Davos

Hanoi (VNA) - The State Bank of Vietnam set the daily reference exchange rate at 23,170 VND/USD on January 22, up 12 VND from the previous day. With the current trading band of +/-3 percent, the ceiling rate applied to commercial banks during the day is 23,865 VND/USD and the floor rate 22,475 VND/USD. The opening hour rates at most commercial banks stayed stable as the week-long Lunar New Year holiday will start on January 23. At 8:25 am, Vietcombank listed the buying rate at 23,070 VND/USD and the selling rate at 23,240 VND/USD, unchanged from the end of January 21.  BIDV also kept both rates unchanged, with the buying rate listed at 23,100 VND/USD and the selling rate at 23,240 VND/USD. Meanwhile, Techcombank added 3 VND to both rates, listing the buying rate at 23,094 VND/USD and the selling rate at 23,234 VND/USD. At the beginning of this week, the daily reference exchange rate was adjusted down but then up on the following days. The rates at commercial banks … [Read more...] about Reference exchange rate up strongly before long Tet holiday

Determined to improve its bad debts situation and financial capacity, in 2019 it recovered over 80 per cent of its bad debts and is expected to handle all the debts it sold to the Việt Nam Asset Management Company in the first quarter of 2020, settling its bad debts ahead of schedule, the bank added. — VNS … [Read more...] about Viet Capital Bank unveils excellent 2019 results

Experts also discussed how to improve tourists’ experience in preparing and planning Vietnam visits, considering the fact many visitors face difficulties in using Vietnamese online tourism services, such as real products not matching advertisements and a lack of direct consultancy. … [Read more...] about Forum seeks solutions to improve attractiveness of Vietnam’s tourism

Hanoi (VNA) – The United Nations Security Council (UNSC) on January 21 held a periodic open debate on the Middle East situation, including Palestine, under the chair of Vietnam. The UNSC heard reports by UN Under-Secretary-General for Political and Peace-building Affairs Rosemary DiCarlo and UN Assistant Secretary-General for Humanitarian Affairs Ursula Mueller. Many speakers expressed concern over prolonged violence and conflicts between Israel and Palestine, leaving thousands of people dead, including women and children. A majority of opinions called on Israel to immediately end settlement activities in the occupied West Bank, including the East Jerusalem. The UN and countries affirmed that such activities are a serious violation of international law as mentioned in the UNSC’s Resolution No.2234 in 2016. Meanwhile, the economic crisis, the lack of medicines, electricity and clean water continue impacting lives of Palestinians in Gaza Strip. About 70 percent … [Read more...] about Vietnam chairs UNSC open debate on Middle East situation