Currency under the central bank of germany

Dr. Nguyen Thi Mui, a member of the National Advisory Council on Financial and Monetary Policies Recently, central banks worldwide have rushed to raise benchmark interest rates to cool rampant inflation, including the US Federal Reserves (Fed) and European Central Bank (ECB), while many others have also signaled they will raise rates this year. Vietnam News Agency spoke to Associate Professor Dr. Nguyen Thi Mui, a member of the National Advisory Council on Financial and Monetary Policies (NACFMP) about how their moves will affect the global economy, including Viet Nam. Many experts believe the use of interest rate tools by the Fed and ECB and other regulators may slow down their economic recovery and even push them into recession. What is your opinion on this matter? I think this statement is correct. Using the interest rate tool can gradually lower inflation, but to a certain extent, this tool also narrows investment. This means that fewer jobs will be created, businesses … [Read more...] about Monetary policy needs to ensure caution and flexibility: NACFMP

HD SAISON has unveiled a preferential loan package of VND10 trillion (US$429.78 million) for workers at industrial parks across the country with the stated goal of protecting them from loan sharks. — Photo courtesy of the company HD SAISON, a subsidiary of HDBank, has earmarked a loan package of VND10 trillion (US$429.78 million) at half the market interest rate for workers at industrial parks across the country. Through this, it hopes to help the government stabilise the economy and ensure social security, and protect workers from loan sharks. Workers expressed happiness on hearing about the package. HD SAISON will lend from this package until the end of 2023 at an interest rate of 20 per cent a year compared to the normal rate of 40-50 per cent. Borrowers can roll over their loans for several years. For the sake of workers An HD SAISON spokesperson said the company was honoured to be chosen by the Government and the State Bank of Vietnam as one of two consumer finance … [Read more...] about Why do workers opt for HD SAISON’s loan package?

On August 12, the Danang People's Committee in collaboration with State Committee for Overseas Vietnamese Affairs (SCOV) held a seminar in Ho Chi Minh City to introduce Danang’s investment climate. The event attracted overseas Vietnamese to participate online from 19 countries and territories including the United States, Canada, Japan, South Korea, China, Taiwan, Australia, Germany, Russia, Poland, Slovakia, England, France, Italy, Belgium, Switzerland, Hungary, Thailand, and Mongolia. The event also saw the participation of 100 enterprises run by Vietnamese abroad. At the seminar, Do Thi Quynh Tram, deputy director of the Investment Promotion and Support Department shared a report about Danang’s strategies for development and called for investment in the city. The report covers preferential policies as well as projects calling for investment in the fields of high-tech industry, IT, supporting industries, and industrial park infrastructure construction. She also … [Read more...] about Overseas Vietnamese strengthen Danang’s investment climate

That worries me. Seven years ago, I got to spend nine months living and studying in Ghent, a small, beautiful ancient city in Belgium with many well-preserved medieval castles and churches. I rented a cheap room for students. On the first day, the landlord gave me a tour of the house, showed me how to use the heater and kitchen utensils. In the kitchen, there was a corner with two steel frames holding a blue plastic bag and a yellow plastic bag with "IVAGO" printed on them, as well as a cardboard box next to the bags. The landlord told us that our waste must be sorted thus: the yellow bag for daily household waste; the blue for plastic waste, aluminum cans and milk cartons; and the big box for cardboard, pizza boxes and glass bottles, especially beer bottles. Then, after posting a waste collection calendar on the kitchen wall, he asked us to check the dates then decide among ourselves who would take out the garbage on which day. The calendar was colored yellow, blue and … [Read more...] about Will the sorting of waste at source become a non-starter?

South Korean authorities continue to reject work visa applications from residents of two districts in Thanh Hoa Province, north-central Vietnam, due to rampant visa overstays, according to a statement made at a conference in Hanoi. Workers from Hoang Hoa and Dong Son Districts in Thanh Hoa Province will likely continue to have their South Korean work visas rejected, said Le Dinh Tung, deputy director of the provincial Department of Labor, Invalids and Social Affairs at the conference on Vietnamese workers and experts working abroad held in the capital city on Tuesday. The event was jointly organized by the Central Economic Commission, the Ministry of Labor, Invalids and Social Affairs, and the International Labor Organization (ILO) Office in Vietnam. As these districts are home to a number of workers who have continued living in South Korea despite their labor contracts having expired, South Korean authorities have suspended accepting workers from these locales until further … [Read more...] about S.Korea continues refusing guest workers from Vietnam’s Thanh Hoa due to visa overstays

Peter Zimmermann from Germany said he and his wife have been coming to Vietnam for 5-6 months every winter since 2013 and they always rented a house or a large apartment in the beach town of Nha Trang. "Vietnam is really an excellent place to live as a retiree as local people are open and very friendly. There are good hotels, resorts, restaurants, cafes and apartments. Great beaches by the sea and lots of culture and history to discover," he told VnExpress International . However, current visa policies remain a major barrier for pensioners looking to settle down in Vietnam because the country has not resumed its pre-pandemic visa policies. Apart from granting visa exemption to 24 tourism markets for stays of 15-30 days, Vietnam only issues a one-month single-entry e-visa to visitors from other countries, instead of the three-month multi-entry visas it used to issue. "It is not reasonable for pensioners like us to leave the country every 30 days and return with a new … [Read more...] about Vietnam visa policy rebuffs foreign retirees’ love