Fastest growing economy in the world 2018

National Assembly Chairman Vương Đình Huệ and his Singaporean counterpart Tan Chuan-Jin held talks in Hà Nội on Wednesday. — VNA/VNS Photo Doãn Tấn HÀ NỘI — Speaker of Singaporean Parliament Tan Chuan-jin and Chairman of Vietnamese National Assembly have agreed that successful economic cooperation will elevate bilateral relations during the official talks on Wednesday in Hà Nội. The Singaporean parliament leader is in the capital for a three-day visit on the invitation of his Vietnamese counterpart. NA Chair Huệ said the ‘miraculous development’ of Singapore with the wise vision of the leadership and the aspirations of the people are always a source of inspiration to Vietnamese leadership and people. Amid complicated regional and global geopolitical, economic developments, the two countries should tighten relations, including between the legislations to contribute to the advancement of the Strategic Partnership. Speaker Chuan-jin said his visit to Việt Nam is a chance for … [Read more...] about Việt Nam, Singapore to expand cooperation in digital transformation, green economy: Legislative leaders

Intel Capital, the investment arm of the world’s largest chipmaker, has announced it is pouring US$17 million into companies in Vietnam and Singapore, marking its first-ever investment in this country. The money will be split in undisclosed amounts between Vietnam Communications Corporation and Singapore’s Reebonz.com, Intel said during the World Economic Forum in Bangkok on May 31. The company called Southeast Asia one of the world’s fastest-growing markets for advanced technology, driven by robust economic growth and a rising middle class. “As a result, we’re seeing strong demand for e-commerce and cloud-based services across the region, and these investments will help to accelerate that trend,” said Gregory Bryant, vice president and general manager of Intel Asia-Pacific. Its Hanoi-based partner, an internet infrastructure and services company, declined to give a dollar figure for the investment. But, “It’s not a small sum,” the corporation’s deputy general director … [Read more...] about Intel Capital invests in Vietnam for first time

Ting during an Erhu class with his teacher at the Military University of Culture and Arts. — Photo courtesy of Ting Yangkeo Bảo Ngọc Before deciding to study in Việt Nam, Ting Yangkeo was already passionate about one thing: art. The Laos native, who goes simply by Ting, was born into a family of seven with creative roots. Traditional art was not only the family legacy but also a way for him to express himself. “The fact that I was born into a family that values the arts makes me feel enormously fortunate and proud,” he said. “It was so wonderful to grow up with a passion for art in your genes. I remembered spending a ton of time as a child listening to music and watching cultural programmes on television.” At the age of 11, with the encouragement of his family, Ting spent seven years studying traditional instruments at the Lao National School of Music. During that time, he also learned to play the xylophone and a flute-like … [Read more...] about Lao student studies Vietnamese to achieve artistic dream

Assoc Prof and PhD Đinh Trọng Thịnh. The corporate bond market is expected to become a major source of capital for businesses in the long term, alleviating the pressure on the banking system in supplying capital to the economy. However, recent scandals involving bonds issued by property developers as well as uneven quality of corporate bonds have weakened investor confidence in the market. Assoc Prof and PhD Đinh Trọng Thịnh, a senior economist from the Academy of Finance, spoke to Vietnam News Agency Television about the loopholes in this market and solutions to make the market healthier and grow well. How do you evaluate the current state of the corporate bond market after a number of controversies related to corporate bonds? After some scandals involving corporate bond issuance, the corporate bond market has slowed down. Previously, the market grew about 46 per cent on average in the 2017-21 period and in 2021, the growth rate was 56 per cent. It still kept growing … [Read more...] about Fixing loopholes to improve health of the corporate bond market

President Hồ Chí Minh picks wild orchids to present as gifts to young people. — VNA Archive photo HÀ NỘI — Football fans across Việt Nam shall turn on their home TV, or get together in a neighbourhood bar with a large screen, or in an open yard of a bia hơi joint to watch U-23 team play against Malaysia, scheduled to take place at Việt Trì Stadium in Phú Thọ Province. Homeland to the ancient founding fathers of what we call Việt Nam today, Phú Thọ can boast other signature cultural traits, the Hùng King Temple, the UNESCO intangible heritage of hát xoan , a ritual style of singing, or hát ghẹo , festival courting singing. For gardeners and orchid lovers, Phú Thọ was where the dendrobium-anosmum var, a variety of orchids was found. The fragrant five-white petal dendrobium was first found by a member of the Central Circus Troupe from Hà Nội, who evacuated to avoid bombing in 1972. Upon seeing the fragrant beautiful blooms on the old banyan … [Read more...] about Hosting the Games: Phú Thọ Province, home to the country’s classic orchid beauty

A wind power project in the northern province of Ninh Thuan. — Photo evn.com.vn The Vietnamese economy’s unparalleled exposure to multinational corporations and the global consumer market calls for a pragmatic alignment between the country’s renewable energy strategy and the decarbonisation commitments of the global brands, according to IEEFA’s latest report on Viet Nam. “Multinational corporations responsible for up to US$150 billion of Viet Nam’s export revenues have made specific pledges on carbon neutrality or decarbonisation of varying scope and timelines,” said Thu Vu, energy finance analyst leading the Vietnamese market coverage for IEEFA. “These brands’ journey toward sustainability progress is one in which Viet Nam can not afford to ignore or miss out on.” Viet Nam is currently the largest exporter of goods in developing Southeast Asia. With nearly 60 per cent of the exports being manufactured goods for the big brands, its growing role in the global supply chain … [Read more...] about IEEFA: Viet Nam’s manufacturing future rests on a credible renewable energy game plan