Nguyen xuan phuc

PM Phuc appreciated the efforts and comprehensive measures undertaken by the Singaporean Government to contain the spread of the COVID-19 outbreak and mitigate its socio-economic impact, noting his belief that Singapore will soon be able to put the epidemic under control. He shared Vietnam’s experience in the transition to a “new normal” when the country promotes economic development while continuing with epidemic prevention and control measures. The Vietnamese Government leader underlined the importance of regional and international cooperation in the current context, and spoke highly of Vietnam and Singapore’s mutual support in medical supplies as well as coordination in repatriating their citizens. He thanked Singapore and PM Lee Hsien Loong himself for contributing to the success of the Special ASEAN Summit and Special ASEAN Plus Three Summit on COVID-19 Response via video conference on April 14 this year.    For his part, PM … [Read more...] about PM holds phone talks with Singaporean counterpart

Furthermore, the risk from sour loans are substantial. Although lenders are much stronger now since they have built up capital under acute regulatory scrutiny such as Basel II, many are still wondering if the buffers will be big enough. Specifically, some lenders, such as Agribank, Kien Long Bank, and Viet Capital Bank, are still nowhere to be found in the Basel II race. … [Read more...] about Consumers risk higher defaults amid lending sector fluctuation

The city also take the lead in implementing policies to support residents, enterprises that have been facing difficulties because of the coronavirus pandemic. However, the city is still facing challenges such as low provincial competitiveness index (PCI) ranking and rapid urbanization and migration resulting in pressure on traffic infrastructure. … [Read more...] about PM proposes HCMC to become modern city in region and world

Hanoi (VNA) – Business and investment opportunities in Vietnam after the COVID-19 pandemic were discussed at a video talk held on May 29 by the Foreign Ministry, the Vietnamese Embassy in the UK and Asia House - a UK centre of expertise on trade, investment and public policy in Asia. The event saw the presence of Deputy Foreign Minister Bui Thanh Son, Asia House Chief Executive Michael Lawrence, and business executives from around 40 UK groups and major enterprises such as HSBC, De La Rue, KPMG, Prudential, and Standard Chartered. The talk is a valuable chance to connect UK businesses and Vietnamese Government agencies, said Son, adding that it helps popularise information about policies and increase cooperation opportunities in the context of the two countries taking drastic measures to control the COVID-19 and recover their economies. He told participants that Vietnam is working on a “dual target” of disease prevention and economic recovery and development, with … [Read more...] about Post-pandemic business, investment opportunities shared with UK firms

For his part, Ambassador Nam congratulated Japan on its success in containing the spread of COVID-19, affirming that this is an important premise for the Japanese Government to decide to life the state of emergency nationwide earlier than the schedule to serve its socio-economic recovery. … [Read more...] about Latest Coronavirus News in Vietnam & Southeast Asia May 30