International monetary fund

Malaysian former Prime Minister Datuk Seri Najib Razak was ordered to enter his defence for abusing RM42 million of SRC International funds. (Source: nst.com.my) Kuala Lumpur (VNA) – A Malaysia court on November 11 ordered the country’s former Prime Minister Najib Razak to present his defence against seven charges in a case linked to a scandal surrounding the 1Malaysia Development Berhad (1MDB) fund. Delivering his decision the same day, High Court Judge Mohamad Nazlan Mohamad Ghazali said the SRC International – a former 1MDB unit, suffered losses worth 42 million MYR (10 million USD). The judge said the prosecution had successfully adduced credible evidence proving each and every essential ingredient of the offences. During the trial, the prosecution tendered more than 750 exhibits, including bank documents relating to Najib’s bank accounts, cash transactions, minutes of meetings and messenger chats over Najib’s transactions. The … [Read more...] about Former Malaysian PM ordered to enter defence on seven charges

MAS will allocate 100 million USD to the Bank for International Settlements' Green Bond to support its global green finance initiatives. (Source: https://www.straitstimes.com/) Singapore (VNA) – Singapore will launch a green investment programme worth 2 billion USD, which aims to provide capital for “green” funds in the country, Education Minister Ong Ye Kung said at the Singapore FinTech Festival on November 11. Under the programme, the Monetary Authority of Singapore (MAS) will introduce a series of initiatives to turn Singapore into a leading centre of green finance in Asia and globally. Green finance involves making sure financial services such as borrowing and lending, as well as investing, deliver both returns and environmentally positive outcomes, including dealing with climate change. The green investment programme will invest in funds that have a strong green focus in their investment strategies and with asset managers who are committed to deepening … [Read more...] about Singapore promotes “green finance” development

An aerial view of Hon Kho island (Photo: VNA) Hanoi (VNS/VNA) - Provided with beautiful landscapes, long beaches and rich cultural and marine resources, Binh Dinh province is expected to transform into a key destination for both domestic and foreign visitors. But like some other areas, the province's biggest hurdle in becoming more attractive to tourists is its lack of developed infrastructure. “Binh Dinh’s tourism sector has been developing less than expected because the infrastructure and facilities are still limited and underdeveloped,” said Nguyen Tien Dat, deputy director of tourism company Transviet. The underdevelopment of infrastructure connecting different tourism sites has made it hard for visitors to come to the province, according to Ho Quoc Dung, chairman of the provincial People’s Committee. Provincial authorities and businesses had been focusing on building accommodations for tourists but construction had still not been able to keep pace with … [Read more...] about Tourism sector must focus on infrastructure, regulatory changes

At the meeting (Source: http://baodansinh.vn/) Hanoi (VNA) – Vietnamese Deputy Foreign Minister Nguyen Minh Vu attended the 9th Foreign Ministers’ Meeting of the Forum for East Asia-Latin America Cooperation (FEALAC) in Santo Domingo, the Dominican Republic, on November 9. Addressing the event, Deputy Minister Vu highlighted the positive and steady development of the forum over the past 20 years over areas of politics-society, economy-trade, cultural and people-to-people exchange. He proposed that in the coming time, the forum should further exploit the advantage of the two regions on development potential, cultural diversity and people’s dynamism to boost the sustainable, inclusive and creative growth of East Asia and Latin America as well as friendship among people of both sides. He thanked FEALAC member countries for supporting the project initiated by Vietnam in fostering East Asia-Latin America cultural exchange through the Hue Festival. He took the occasion … [Read more...] about Vietnam attends FEALAC foreign ministers’ meeting

  Deputy Minister of Foreign Affairs Nguyễn Minh Vũ attended the 9th Foreign Ministers’ Meeting of the Forum for East Asia-Latin America Cooperation (FEALAC) in the Dominican Republic on November 9. — Photo vtv.vn HÀ NỘI — Vietnamese Deputy Minister of Foreign Affairs Nguyễn Minh Vũ attended the 9th Foreign Ministers’ Meeting of the Forum for East Asia-Latin America Cooperation (FEALAC) in Santo Domingo, the Dominican Republic, on November 9. Addressing the event, the Deputy Minister highlighted the positive and steady development of the forum over the past 20 years in areas of politics-society, economy-trade, cultural and people-to-people exchange. He proposed that in the future, the forum should further exploit development potential, cultural diversity and people’s dynamism to boost the sustainable, inclusive and creative growth of East Asia and Latin America as well as friendship among people of both sides. He … [Read more...] about Việt Nam attends FEALAC foreign ministers’ meeting