Exim bank does not provide long term credit

At the press conference (Photo: VNA) Hanoi (VNA) - Competent agencies have launched criminal proceedings against 10 people for “giving and receiving bribery" relating to the case at the Consular Department under the Ministry of Foreign Affairs, with tens of billions of VND, and hundreds of thousands of USD involved, heard a press conference on June 30. According to the Investigation Police Agency under the Ministry of Public Security, the case is still under investigation. In late January, the Ministry of Public Security prosecuted Nguyen Thi Huong Lan, head of the Consular Department ; Do Hoang Tung, deputy head of the department; Le Tuan Anh, chief of the department’s office; and Luu Tuan Dung, deputy head of the citizen protection desk at the department, for “receiving bribery.” On March 25, the ministry prosecuted and arrested Hoang Dieu Mo, General Director of An Binh Commercial, Tourism and Aviation Services Co., Ltd for “giving bribery.” To Anh Dung, Deputy … [Read more...] about Ministry of Public Security provides more information about cases of public concern

National Assembly Chairman Vuong Dinh Hue holds talk with the Prudential management led by chairwoman Shriti Vadera, Interim Group CEO Mark FitzPatrick and Prudential Vietnam CEO Phuong Tien Minh, during his visit to the UK. — VNA/VNS Photos Doan Tan Photos Doan Tan Prudential plc executives called on National Assembly Chairman Vuong Dinh Hue and the high-level delegation he led to Britain to attend the Vietnam – UK High-level Forum on Economy and Trade to discuss the Vietnamese Government’s priorities and the role of insurers in increasing financial inclusion in the country. This meeting was aimed at strengthening relationships and underlining Prudential’s commitment to Viet Nam. After the two-year-long COVID-19 pandemic, Prudential is focusing on building a resilient business to best serve its customers. Insurers like Prudential play an important role in developing innovative savings and protection products to meet Vietnam’s evolving needs while strengthening and deepening … [Read more...] about National Assembly chief Vuong Dinh Hue meets Prudential brass during UK visit

Following the rising global momentum for implementation of Nationally Determined Contributions (NDC) and domestic policy direction towards carbon neutrality by 2050, the seminar gathered key policy makers from relevant ministries, leaders of business associations, key CEOs, managers and representatives from both foreign and domestic enterprises based in Vietnam. More than 100 participants engaged in a vigorous discussion on the private sector’s role in realizing the national climate change targets of Vietnam, including NDC by 2030 and the long-term carbon neutrality direction by 2050. The seminar provided a valuable opportunity for MONRE to inform development partners and business sectors the most recent policy update, direction and regulatory requirements for implementing mitigation including NDC in Vietnam. JICA’s technical cooperation project on “Support for Planning and Implementation of the Nationally Determined Contributions in Vietnam (SPI-NDC)” also shared with the … [Read more...] about JICA ramps up private sector’s engagement in climate actions in Vietnam

Authorities in Ho Chi Minh City have proposed the construction of a US$6 billion international transshipment port in outlying Can Gio District. The proposal was made by chairman of the municipal People’s Committee Phan Van Mai in his document sent to Prime Minister Pham Minh Chinh on Thursday. The investment into the port was originally suggested by MSC Group – the world's largest shipping group, Vietnam Maritime Corporation, and Saigon Port. The project is expected to have about 7.2 kilometers of wharves and cost approximately $6 billion. The port will be able to receive the world's largest container ship, which can carry 24,000 twenty-foot equivalent unit (TEU) containers, while its capacity will be around 10-15 million TEUs. The implementation of the project will be divided into seven phases, with the developers hoping that the first phase will be initiated in 2024 and put into operation in 2027. The final phase is expected to be put to use in 2040. The existing Can … [Read more...] about Ho Chi Minh City proposes construction of $6bn int’l transshipment port

Vietnam wants to learn from the experience of developed countries, including the U.K., in developing a financial center, National Assembly Chairman Vuong Dinh Hue told the Acting Mayor of the City of London Peter Estlin. He noted that the city of London was one of the biggest financial centers in the world. Hue met Estlin during his June 28-30 official visit to the U.K. Estlin said the U.K. was willing to partner with Vietnam at different levels, including developing a financial market and improving its business credit rating to grow the bond market. He also expressed support for a partnership between U.K. banks and Vietnamese counterparts to help Ho Chi Minh City become a financial center. In a draft plan published last February, HCMC seeks to establish an international financial center by 2030 with three main components: a monetary and banking market; a capital market; and a derivatives market. … [Read more...] about Vietnam seeks UK assistance for HCMC financial center

Hanoi (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency on June 30. - Local media of Hungary have highlighted the visit by National Assembly Chairman Vuong Dinh Hue, which was made from June 26-28 at the invitation of Speaker of the Hungarian NA László Kövér. Read full story - Vietnamese representatives reaffirmed their country’s commitments to develop blue and sustainable oceans when attending the United Nations Ocean Conference (UNOC) held in Lisbon from June 27 to July 1. United Nations Ocean Conference (Photo: VNA) Addressing the UN Conference to Support the Implementation of Sustainable Development Goal 14 (SDG14): Conserve, sustainably use the oceans, seas and marine resources for sustainable development, Deputy Foreign Minister Pham Quang Hieu emphasised the need to fully and effectively implement the UN Convention on the Law of the Sea (UNCLOS) - a comprehensive legal framework for all activities at sea and a … [Read more...] about ☕ Afternoon briefing on July 1