Adani ports and special economic zone

A representative of HCM City's Youth Union wears the costume of Hằng Nga, a traditional character of the Mid-Autumn Festival, as she presents gifts for children of migrant workers in dormitories in HCM City. VNA/VNS Photo HCM CITY – Many children in HCM City, the country’s coronavirus epicentre, have enjoyed a special Mid-Autumn Festival this year despite social distancing regulations thanks to joint efforts of authorities, organisations and volunteers. In the past three days, the dormitories of migrant workers in Sơn Kỳ, Tây Thạnh wards in Tân Phú District; Tân Nhựt, An Phú Tây wards in Bình Chánh District; and Hiệp Phước Industrial Zone in Nhà Bè District have been full of the sounds of happiness with children’s laughter. Youngsters celebrated their Mid-Autumn Festival with mooncakes, milk, small boxes of candy and biscuits, as well colourful paper lanterns. These are in gift packages for the full-moon festival local authorities, youth unions and benefactors, in the … [Read more...] about Efforts made to bring a special Mid-Autumn Festival for kids amid COVID-19 pandemic

Foreign invested enterprises (FIEs) have suggested a strategy on controlling the pandemic in every area so as to safely restore production and business activities. A number of associations of enterprises, including AmCham Vietnam, the US-ASEAN Business Council, EuroCham and KoCham have made proposals related to the PM. They believe Vietnam needs to act promptly to maintain its competitiveness in the region and the globe, while avoiding lagging behind in economic recovery. The enterprises said they want to join forces with the PM, Government and localities’ leaders, especially HCMC, the southern economic zone and Da Nang, to reopen the economy in a safe way and establish the new normal status. They need to know clearly the roadmap for the reopening of the economy. Some surveys conducted by the associations found that 20 percent of their members have relocated some production activities to other countries. Believing that Vietnam is missing investment opportunities, the … [Read more...] about Foreign-invested enterprises urge prompt action to prevent recession

About 67 per cent of surveyed banks believe they will lose market share within two years if they fail to digitally transform, according to a new... Some 58 per cent of global respondents predict that they will completely cease to exist in the next five to ten years unless they change their business models. — Photo bnews.vn About 67 per cent of surveyed banks believe they will lose market share within two years if they fail to digitally transform, according to a new report from cloud banking platform Mambu and The Financial Times Focus (FT Focus). The ‘Evolve or be extinct’ report was conducted by FT Focus and surveyed over 500 senior banking executives globally to gain insights into their perception of the banking industry, now and in the future. The results illustrate the urgent need for banks to modernise their offerings, with 58 per cent of global respondents predicting they will completely cease to exist in the next five to ten years unless they change … [Read more...] about VIETNAM BUSINESS NEWS SEPTEMBER 19

Vietnam was elected twice as a non-permanent member of the UN Security Council. Vietnam has undergone a journey of 44 years since its admission to the United Nations with so many changes to become a global reliable and responsible member. A UN General Council meeting on Sept 20, 1977, adopts the admission of Vietnam. Photo: VNA On Sept 20, 1977, Vietnam became the 149th member of the world’s largest international organization with some main bodies namely the General Assembly, the Security Council, the Economic and Social Council, the Trusteeship Council, the International Court of Justice, and the Secretariat. In 2019, for the second time in history, Vietnam became a non-permanent member of the United Nations Security Council (UNSC) for the 2020-2021 term by a near-unanimous vote (192 out of 193 member states). Its first time took place in 2008-2009. “The UNSC stint will spotlight Hanoi’s approach to the world,” Dr. Prashanth Parameswaran wrote for The … [Read more...] about Vietnam’s admission to UN: 44-year journey of a reliable global member

Illustrative image (Photo: Reuters) Bangkok (VNA) - The Thai Customs Department is preparing to reduce import duty on alcoholic beverages and cigars by 50 percent for five years in line with the government's economic stimulus and investment promotion package. The cuts are in accordance with the September 14 cabinet resolution involving plans to revive the post-COVID-19 economy by encouraging wealthy foreigners and highly skilled professionals to stay and work in the country, the Bangkok Post quoted Patchara Anuntasilpa, director-general of the department, as saying The programme is hoped to attract more than 1 million qualified people to Thailand over the next five years and generated around 1 trillion baht (30 billion USD) during the period. Cuts in import duties will be part of the mix. Thailand estimates that the group is expected to spend on average 1 million baht (nearly 30,000 USD) per person per year while living and working in the country. Benefits in the … [Read more...] about Thailand strengthens incentives to attract foreigners

President Nguyen Xuan Phuc holds talks with President of Cuba Miguel Díaz Canel in Havana on September 19 (Photo: VNA) Havana (VNA) – President Nguyen Xuan Phuc held talks with First Secretary of the Communist Party of Cuba Central Committee and President of Cuba Miguel Díaz Canel in Havana on September 19. The two leaders briefed each other on the recent situation in each country, while discussing measures to continue to bolster the fraternal solidarity and comprehensive cooperation between the two Parties, States and peoples, especially in the areas of consumer goods manufacturing, food and aquatic production and renewable energy. They also mentioned regional and international issues of shared concern. President Nguyen Xuan Phuc conveyed best regards from Party General Secretary Nguyen Phu Trong and senior leaders of the Party and State of Vietnam to President Miguel Díaz Canel and General Raul Castro and other leaders of Cuba. He congratulated the Party, State … [Read more...] about Vietnam, Cuba seek to bolster all-round ties