Truong Hung Long, director of the Department of Debt Management and External Finance under the Ministry of Finance. Improving the national credit rating is implemented with a long-term vision to reduce the cost of capital mobilisation, enhance the country's reputation, and meet the needs of socio-economic development in the future. Truong Hung Long, director of the Department of Debt Management and External Finance under the Ministry of Finance, spoke with Vietnam News Agency about the issues. The Prime Minister has just approved a project to improve the national credit rating by 2030. The Department of Debt Management and External Finance is assigned to develop and implement the project. What will the department do to fulfil this task? The Government issued Decision 304/QD-TTg on February 6, 2013 to approve a project on improving the national credit rating. That created favourable conditions for the Government in accessing the international capital market. It is also a way … [Read more...] about Viet Nam promotes solutions to improve national credit rating
Ecb foreign exchange reference rates
Vietnam, Greece seek to further promote multifaceted cooperation
President Sakellaropoulou lauded the important achievements that Vietnam has made during its struggle for independence and present process of socio-economic development. She affirmed that Greece highly valued the increasingly important role of Vietnam in the region and the world, and hoped to foster cooperation with Vietnam in all fields. The two leaders agreed that the two sides should increase meetings and exchange of delegations at all levels among ministries, sectors and localities as well as the two business communities. They assigned the two ministries of foreign affairs to review and speed up solutions to promote the bilateral partnership. President Phuc took this occasion to thank Greece for providing COVID-19 vaccines to Vietnam. Both sides showed delight that despite impacts from the COVID-19 pandemic, trade between the two countries still increased to 447 million USD in 2021, up 33 percent year on year, and two times higher than the 15 percent growth in Vietnam - E.U. … [Read more...] about Vietnam, Greece seek to further promote multifaceted cooperation
NA leader holds talks with Lao counterpart
National Assembly Chairman Vuong Dinh Hue and his host counterpart Saysomphone Phomvihan on May 16 held talks following an official welcome ceremony for the former. Hue is now in Laos on an official visit. National Assembly Chairman Vuong Dinh Hue and his host counterpart Saysomphone Phomvihan on May 16 held talks. (Photo: VNA) The Lao leader spoke highly of the significance of the visit, the first by a key Vietnamese leader to Laos in the "Year of Solidarity and Friendship" between Viethnam and Laos. The year 2022 marks the 60th anniversary of the establishment of diplomatic relations between the two countries and the 45th anniversary of the signing of the Vietnam-Laos Treaty of Friendship and Cooperation. This is also the highest-level delegation of a foreign National Assembly to visit Laos since the success of the 11th Congress of the Lao People's Revolutionary Party and the beginning of the 9th National Assembly term of Laos. For his part, … [Read more...] about NA leader holds talks with Lao counterpart
Vietnam’s economic recovery gaining momentum
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
Roche Pharma Vietnam co-creating partnerships in sustainable health
"We are constantly looking for other areas to cooperate with the government. We bring to the table expertise in healthcare management, in regulatory affairs, even in logistics." - Lennor Carrillo, general director at Roche Pharma Vietnam During Roche’s 28 years in Vietnam, the company has moved beyond its traditional role as a pharma company and partnered with the government, hospitals, and doctors to improve the entire healthcare ecosystem. Could you share some highlights and difficulties of the journey? Roche celebrated its 125th birthday globally, and in that time span, we’ve tried to go beyond the drug-patient kind of approach and make a bigger impact. In Vietnam, aside from the government, additional partners that we have worked with include the Vietnam Medical Association, the Bright Future Fund, the National Cancer Institute, the National Institute of Hematology and Blood Transfusion, and other medical institutes and hospitals. A good example of the partnership we … [Read more...] about Roche Pharma Vietnam co-creating partnerships in sustainable health
Vietnam, Laos boost construction of road linking two capital cities
There should be special mechanisms for economic ties between the two countries. The governments of Vietnam and Laos are closely working on the construction of the Hanoi-Vientiane expressway project that will facilitate sea access to land-locked Laos. Chairman of Vietnam’s National Assembly Vuong Dinh Hue speaks with Vietnamese businesses in Laos on May 15. Photos: Quochoi The information was released by Chairman Vuong Dinh Hue of Vietnam’s National Assembly who is on his three-day visit to Lao starting on May 15. Hanoi-Vientiane expressway, which is being built with funding from Japan, will enable Laos to access the sea in Vung Ang Seaport, Vietnam’s central province of Ha Tinh. Launched in 2016, the 725-km project, with an estimated investment of US$4.5 billion, is expected to boost economic connectivity between the two countries and Thailand’s northeast. Hue said the two countries' economic ties need to be boosted to become commensurate to the strong … [Read more...] about Vietnam, Laos boost construction of road linking two capital cities