Primakov foreign minister

Hanoi (VNS/VNA) - The Government has decided to allow Vietcombank and Vietinbank to increase their charter capital by 10 trillion VND (434.8 million USD) in the first quarter of this year, Deputy Prime Minister Vuong Dinh Hue said last month. But it has not said how they could do so. Analysts said the Government’s decision was in response to lenders’ insistent demand that they should be allowed to increase their capital. But the decision to allow Vietcombank to do so has surprised many since just last year it increased its capital by selling a stake to Singapore sovereign wealth fund GIC. For Vietinbank, the Government’s approval comes as big relief since its capital adequacy ratio (CAR) has been close to the State Bank of Vietnam (SBV)’s minimum prescription of 9 percent since the fourth quarter of 2018. CAR is based on the Basel accords, an international business standard that requires financial institutions to maintain enough cash reserves to cover … [Read more...] about Two State-owned banks allowed to increase charter capital

The industries that will be restructured include finance, banking, logistics and transportation, information technology and communications, science and technology, education and training, healthcare, and tourism. The project aims to strengthen the export of services, reduce the deficit of the balance of the import-export of services, gain a surplus in the balance of the import-export of services, and serve the process of industrialization and modernization of the country. The growth rate of the service sector is set to reach 6.6-7.1 percent during the period from 2016 to 2020, and around 7-7.5 percent during the period from 2021 to 2025, according to the project. The proportion of the service sector in the gross domestic product (GDP) will be at around 43-44 percent by 2025. As for the finance and banking sector, by 2025, at least two to three commercial banks will be among the top 100 largest banks in Asia in terms of the total asset. By 2025, information technology will become the … [Read more...] about Proportion of service sector in GDP to be at about 44 percent by 2025

Bosnia -- Herzegovina President Milorad Dodik appreciated Mr. Mai Vu Minh's efforts in promoting the economic and trade relations among Vietnam, Germany and Bosnia - Herzegovina. He committed to working closely to bring the economic and trade relations among Bosnia -- Herzegovina, Vietnam and Germany to new heights. Srpska President Zeljka Cvijanovic told Mr. Mai Vu Minh: "Srpska is a stable country and located near big markets and all partners are welcome and get full support from the Srpska Government." SAPA Thale is a financial corporation headquartered in Germany and Vietnam and present in many countries around the world. As the chairman of the group, billionaire Mai Vu Minh holds many projects and shares of large corporations in countries around the world and is considered a major investor and influential billionaire both in the financial world and among Governments over the world. … [Read more...] about Billionaire Mai Vu Minh welcomed the assistant of Bosnia-Herzegovina to pay an official visit to Vietnam

Bosnia -- Herzegovina President Milorad Dodik appreciated Mr. Mai Vu Minh's efforts in promoting the economic and trade relations among Vietnam, Germany and Bosnia - Herzegovina. He committed to working closely to bring the economic and trade relations among Bosnia -- Herzegovina, Vietnam and Germany to new heights. Srpska President Zeljka Cvijanovic told Mr. Mai Vu Minh: "Srpska is a stable country and located near big markets and all partners are welcome and get full support from the Srpska Government." SAPA Thale is a financial corporation headquartered in Germany and Vietnam and present in many countries around the world. As the chairman of the group, billionaire Mai Vu Minh holds many projects and shares of large corporations in countries around the world and is considered a major investor and influential billionaire both in the financial world and among Governments over the world. … [Read more...] about Billionaire Mai Vu Minh welcomed the assistant of Bosnia-Herzegovina President to pay an official visit to Vietnam

Party General Secretary and President Nguyen Phu Trong and Prime Minister Nguyen Xuan Phuc offered messages of congratulations to Sultan of Brunei Darussalam Haji Hassanal Bolkiah. The same day, Deputy Prime Minister and Minister of Foreign Affairs Pham Binh Minh extended a congratulatory message to Sultan cum Minister of Foreign Affairs and Trade Haji Hassanal Bolkiah and Second Minister of Foreign Affairs and Trade Dato Erywan Pehin Yusof. Established in 1992, Vietnam-Brunei diplomatic ties are growing steadily across bilateral and multilateral levels. In particular, political trust between the two nations has been consolidated thanks to the regular exchange of delegations and high-level meetings. … [Read more...] about Senior leaders send congratulations to Brunei on National Day