Border troops

The welcoming ceremony for the Cambodian delegation, led by Cambodian Deputy Prime Minister and Defense Minister Samdech Pichey Sena Tea Banh, was held at Hoa Lu International Border Gate under the chair of Vietnamese Defense Minister General Phan Van Giang. After the welcoming ceremony, Cambodian Defense Minister Tea Banh witnessed his Vietnamese counterpart saluting the national marker at Hoa Lu International Border Gate. The two defense ministers then planted trees and observed joint patrol of the border defense forces of the two countries. After that, the two delegations visited and presented gifts to Loc Tan A Primary School. Speaking at the gift presentation ceremony, Cambodian Deputy Prime Minister and Defense Minister Tea Banh complimented the school’s teachers on their teaching efforts, especially during the COVID-19 pandemic. He strongly believed that in the coming time, with the care and support of the Party, Government, and people as well as teachers’ high … [Read more...] about First Vietnam – Cambodia border defense friendship exchange held in Binh Phuoc

Vietnam continues to benefit from its broad re-opening strategy, which saw a huge crowd flocking to tourist hotspots in the country and household spending rebound. Vietnam’s economic recovery is gaining momentum despite heightened global uncertainty related to the protracted war in Ukraine, higher commodity prices, and tightening global financial conditions, according to the World Bank. Cargo handling at Dinh Vu port, Haiphong. Photo: Cong Hung In its latest report, the World Bank pointed out the robust growth of industrial production by 9.4% in April, comparable to pre-pandemic rates. Manufactures of apparel, footwear, electronics, electrical equipment, and metal products were the most dynamic sub-sectors, registering double-digit growth rates, it added. However, machinery manufacturing slowed from 26.6% year-on-year in March to only 5.1% in April. This deceleration was related to supply chain disruptions caused by lockdowns in China, which led to a … [Read more...] about Vietnam’s economic recovery gaining momentum

According to the article, titled “Laos-Vietnam relations are deepening,” the visit takes place in the context that the two countries are preparing to celebrate the 60th anniversary of the establishment of diplomatic relations (September 5, 1962 - September 5, 2022) and the 45th anniversary of the signing of the Treaty of Amity and Cooperation (July 18, 1977 - July 18, 2022) and the Laos - Vietnam Solidarity and Friendship Year 2022. It affirmed that the visit to Laos of the high-ranking Vietnamese delegation allows the two nations to continue inheriting, cultivating and developing the great friendship, special solidarity and comprehensive relationship between the two Parties, the two States and the people of Laos and Vietnam. According to the article, Laos and Vietnam share a border of more than 2,000km, and the close relationship between the two countries has been cultivated since the historical period of national construction and defense in each country. The great friendship, … [Read more...] about Lao newspaper spotlights Vietnamese N.A. Chairman’s official visit

At the talks, the Vietnamese defense minister expressed his delight at meeting with Tea Banh, Cambodian Deputy PM, Defense Minister and co-chairing the first aforementioned exchange. General Giang emphasized the special significance of the first Vietnam-Cambodia Border Defense Friendship Exchange since  the first time the two defense ministries hold a border defense friendship exchange at the defense minister level. More significantly, the exchange is held in this year which is selected to be the Vietnam - Cambodia and Cambodia - Vietnam Friendship Year and marks the 55th anniversary of the establishment of the two countries’ diplomatic ties (June 24, 1967 - 2022), and the 45th anniversary of Cambodian PM Hun Sen’s “Journey to the fall of the Pol Pot genocidal regime” (June 20, 1977 - 2022). The Vietnamese defense chief expressed his emotion when receiving sincere, warm and friendly welcome of the local people and the Cambodian Ministry of National Defense during the activities … [Read more...] about Vietnamese, Cambodian defense ministers hold talks

During the 2016-2020 period, the two-way trade saw stable expansion and reached the target of over 1 billion USD, but then suffered from the impact of the COVID-19 pandemic and natural disasters. The Asia-Pacific Market Department at the Vietnamese Ministry of Industry and Trade (MoIT) said that the bilateral trade exceeded 1 billion USD in 2020, down 11.5 percent year-on-year, of which Vietnam’s exports were worth 571.7 million USD, down 18.5 percent. However, the bilateral trade bounced back since early 2021, surging 33.3 percent to 1.37 billion USD for the year, with Vietnam’s export revenue reaching 594.7 million USD, a rise of 4 percent from 2020, and its import hitting 778.2 million USD, up 69.8 percent. The results are attributable to the political resolve by Vietnamese and Lao leaders and the drastic management of competent agencies to remove obstacles facing businesses of the two countries and create optimal conditions for them to quickly adapt to the new situation. In … [Read more...] about Vietnam – Laos trade ties growing sustainably

Techcombank is on track to be among the top ASEAN banks Techcombank’s rise within the Vietnamese banking industry was highlighted last year when it became the first non-state-owned bank to join Vietnam’s billion-dollar profit club. “Even in the very tough environment we are seeing, our employees have maintained a high quality and reliable service for our customers and this is helping us to deliver stellar performance year after year,” said Jens Lottner, CEO of Techcombank. Last year, the bank continued to reduce costs while focusing on building deposits in its current accounts and savings accounts (CASA), which Lottner described as a “stable and cheap” source of funding. Techcombank’s CASA ratio, which reflects the percentage of the bank’s total deposits that are CASA, jumped from 46.1 per cent in 2020 to 50.5 per cent last year, well on its way to the bank’s target of 55 per cent by 2025. Techcombank’s net interest margin, a measure of the difference between the interest … [Read more...] about Techcombank on track for a seat among the top ASEAN banks