Joint development bank

Jakarta (VNA) – Bank Indonesia Governor Perry Warjiyo and Japanese Finance Minister Taro Aso recently signed a memorandum of understanding on the use of the countries’ currencies in bilateral trade and direct investment transactions. The agreement on the establishment of a local currency settlement framework will enable the two sides to promote the direct exchange of rate quotation and interbank trading between the Japanese Yen and the Indonesian Rupiah. The cooperation will also be enhanced through information sharing and regular discussions. In a joint press statement released on December 5, they said the framework is a key milestone for both nations to intensify their financial cooperation. Japan is currently the second largest investor in Indonesia. Over the last 10 years, Japan has invested 31 billion USD in the archipelago nation. The contribution of Japanese companies to Indonesia’s exports increased from 18.1 percent to 24.4 percent in the first half of … [Read more...] about Indonesia, Japan to boost local currency use in bilateral transactions

Participants in the 7th diplomatic – defence strategic dialogue between Vietnam and Australia pose for a photo (Photo: VNA) Canberra (VNA) – The 7th diplomatic – defence strategic dialogue between Vietnam and Australia, an annual activity since 2012, took place in Canberra on December 10. Deputy Chief of the General Staff of the Vietnam People’s Army Rear Admiral Nguyen Trong Binh and Deputy Minister of Foreign Affairs Nguyen Quoc Dung co-chaired the event with Australia’s Deputy Secretary of the Department of Foreign Affairs and Trade Richard Maude and Deputy Secretary of the Department of Defence Peter Tesch. At the dialogue, the two sides reviewed the strong developments in bilateral relations and reaffirmed their countries’ importance in each other’s foreign policies. They said defence collaboration is an important pillar in the Vietnam – Australia strategic partnership, agreeing to continue effectively carrying out bilateral … [Read more...] about Vietnam, Australia hold 7th diplomatic – defence strategic dialogue

A PSI project model implemented in Phu Thanh commune, Nghe An province is displayed at a conference in Hanoi (Photo: VNA) Hanoi (VNA) - Tighter regulations are needed to ensure good quality water is sourced for years to come, according to Nguyen Thi Hong Khanh, from the Ministry of Construction’s Technological Infrastructure Department. She believes a solid legal framework is necessary to make sure there is plenty of water for future generations. “We need a scheme for the Water Supply Law, and submit it to the Government and the National Assembly,” Khanh said. There are more than 200 water supply enterprises in Vietnam, mainly operating as joint stock companies. The national programme to ensure water supply and prevent water loss in the 2018-25 period has been implemented to promote investment and improve modern and energy-saving water treatment technology. It also establishes criteria for evaluating a safe water supply work. At a recent conference hosted … [Read more...] about Legal framework for water supply essential in Vietnam

Deputy Minister of Labour, Invalids, and Social Affairs Doan Mau Diep (centre) attends the 25th ASEAN Labour Ministers Meeting (ALMM).(Photo: VNA) Kuala Lumpur (VNA) – Deputy Minister of Labour, Invalids, and Social Affairs Doan Mau Diep joined other ASEAN member states’ labour officials to attend the 25th ASEAN Labour Ministers Meeting (ALMM) in Kuala Lumpur, Malaysia on November 28. Themed “Promoting Green Jobs for Equity and the Inclusive Growth of ASEAN Community”, the meeting looked to review activities in the labour sector over the past two years and discussed measures to promote green jobs in the region. Speaking highly of the ASEAN high-level meetings’ adoption of declarations on jobs and those enhancing labour safety and hygiene, the labour officials underlined that this would help promote green jobs, settle environmental impacts, and build the sustainable economy towards creating more jobs and ensuring social welfare for workers. The … [Read more...] about Vietnam attends 25th ASEAN Labour Ministers Meeting

Other News PM discusses solutions to bottlenecks facing farmers By Huynh Kim Tuesday,  Dec 10, 2019,19:41 (GMT+7) PM discusses solutions to bottlenecks facing farmersBy Huynh Kim Prime Minister Nguyen Xuan Phuc meets with farmers in the Mekong Delta region to discuss how to remove bottlenecks facing the agriculture sector - PHOTO: VNA CAN THO – The prime minister met with farmers in the Mekong Delta region to discuss how to do away with bottlenecks affecting the agriculture sector at a seminar held in Can Tho City today, December 10. The seminar, held by the Vietnam Farmers Association and the Can Tho government, was aimed at finding ways to address these bottlenecks. Five issues tabled at the seminar included poor connectivity between farmers, the State, scientists, banks, firms and distributors; difficulty in accumulating farmland for large-scale production; farmers’ limited skills; the rampant use of … [Read more...] about PM discusses solutions to bottlenecks facing farmers