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Regarding the diplomatic work as mentioned in the 13th Congress’s draft documents, the diplomat said that the content continues to inherit the Party’s wisdom from the previous tenures and contains new development steps in conformity with the country’s new position and power, its current diplomatic environment, as well as the complicated and unpredictable situations of the world and the region. According to him, the draft documents highlight the key role and important contributions of external affairs to national construction, defence and development, and for the first time affirm the diplomatic sector’s pioneering role with three main targets of creating and maintaining a peaceful and stable environment, mobilizing outside resources to develop the country, and improve its position and prestige. An important new point of the 13th Congress’s draft documents is defining national interests as the lodestar for external affairs, Chau added./. … [Read more...] about Diplomacy helps raise Vietnam’s position in international arena: veteran diplomat

Addressing a ceremony marking the force’s 75th anniversary (February 21) in Hanoi on January 19, PM Phuc stressed that to fulfill the heavy responsibility assigned by the Party, State, Ministry of Public Security, and people, the public security intelligence force needs to be well aware of the situation and their tasks while closely following and effectively serving the Party and State’s leadership and governance. … [Read more...] about VIETNAM NEWS JANUARY 20

However, tough challenges are ahead for the city’s industry and trade sector. They come from the curtailment of industrial production as most of the large production facilities move out of the central city, and limited investment in high-tech industry and weak development of supporting industry. Besides, attracting investments in local industrial parks is not an easy task since industrial land leasing costs in Hanoi are higher than those in localities in the vicinity such as Ha Nam, Hoa Binh and Hung Yen. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 20

The group has also transferred a land plot for Landmark 55 – a high-end hotel, office for lease, and trade and service centre complex – to domestic group Taseco Invest JSC.The land plot is located over 23,600 square metres and is expected to see construction started in the next couple of months, with completion marked for the end of 2024. The 55-storey tower will be the third-highest tower of Hanoi after Keangnam Landmark 72 and Lotte Centre Hanoi. Taseco Invest JSC is has previously been involved in pouring money into real estate, aviation, hotels, and finance. … [Read more...] about Starlake sub-projects transferred after approval

As a result, some businesses may find it challenging to raise capital through bond issuance, forcing them to borrow money through banks. In addition, while the economy is on the road to recovery from the COVID-19 pandemic, interest rates are forecast to remain at the current low level and credit growth should increase – we estimate at around 12-14 per cent. … [Read more...] about Impressive 2020 for Vietnam’s corporate bond market