Prime Minister Nguyen Xuan Phuc (R) and Executive Vice President and Chief Operating Officer of Honda Motor Seiji Kuraishi (Source: VNA) Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc has affirmed that the Vietnamese Government will continue to always create favourable conditions for foreign firms to do business in Vietnam, including those from Japan. He made the statement in separate receptions in Hanoi on January 15 for President and Chief Executive Officer of Japan’s Mitsui Tatsuo Yasunaga and Executive Vice President and Chief Operating Officer of Honda Motor Seiji Kuraishi. In the meeting with Yasunaga, the PM said that the Vietnamese Government welcomes the partnership between Mitsui and Minh Phu Seafood Corporation – a major shrimp farming business in Vietnam and the world – adding that Vietnam is striving to earn 10 billion USD from shrimp exports. The success of Mitsui will attract major corporations to Vietnam, he said. He … [Read more...] about Prime Minister vows support to Japanese businesses
Prime minister 50000 loan scheme
NA Chairwoman meets Cambodia Prime Minister
Chairwoman Ngan expressed her impression with Cambodia’s preparations for the event as well as the country’s warm welcome given to the participants, showing her belief that the APPF-27 would be successful. She said she believes that, under the reign of King Norodom Sihamoni and the leadership of the Senate, the National Assembly and the Royal Government, Cambodia will continue maintaining its growth and stability during the nation-building process and enjoy a higher role and position on the regional and global arenas. Ngan congratulated Cambodia on successfully organising the 40th anniversary of the victory over the Pol Pot genocidal regime (January 7, 1979). Prime Minister Hun Sen said he is happy to meet Chairwoman Ngan again after his official visit to Vietnam in late 2018. He asserted that Cambodia’s current development owes to the support and assistance from Vietnam. He said the two countries need to intensify cooperation to further their traditional friendship. … [Read more...] about NA Chairwoman meets Cambodia Prime Minister
NA Chairwoman meets with Cambodia Prime Minister
National Assembly Chairwoman Nguyen Thi Kim Ngan (right) and Prime Minister Hun Sen (Photo: VNA) Siem Reap (VNA) – National Assembly Chairwoman Nguyen Thi Kim Ngan met with Prime Minister Hun Sen in Siem Reap, Cambodia on January 15 on the sidelines of the 27th Annual Meeting of the Asia-Pacific Parliamentary Forum (APPF-27). Chairwoman Ngan expressed her impression with Cambodia’s preparations for the event as well as the country’s warm welcome given to participants, showing her belief that the APPF-27 will be successful. She said she believes that under the reign of King Norodom Sihamoni and the leadership of the Senate, the National Assembly and the Royal Government, Cambodia will continue maintaining its growth and stability during the nation-building process and enjoy higher role and position on the regional and global arenas. Ngan congratulated Cambodia on successfully organizing the 40th anniversary of the victory over the Pol Pot genocidal regime (January … [Read more...] about NA Chairwoman meets with Cambodia Prime Minister
Prime Minister attends first Vietnam Brocade Culture Festival
Addressing the event, PM Phuc stressed that with its unique patterns and colours, brocade delivers the distinguished cultural identity and aesthetic of ethnic groups. Not only being used as a clothing material, brocade also reflects people’s worldview and human life; thus, brocade culture plays a key role in tribes’ spiritual cultural life, he stated. He asked the Ministry of Culture, Sports and Tourism (MOCST) and relevant ministries and sectors to integrate cultural value of brocade products in developing community-based tourism models in each area. He also assigned the Ministry of Information and Communications as well as media agencies to popularise the cultural value of Vietnamese brocade to domestic and international visitors. The MOCST, and the Ministry of Trade were requested to coordinate with fashion brands, localities and brocade businesses to bring the material into the production of high-end products. From now on, brocade will be one of the gifts prepared for … [Read more...] about Prime Minister attends first Vietnam Brocade Culture Festival
Prime Minister urges banks to lend more to stop loan-sharking
A note of a loan-sharking ring near an industrial park in Hanoi that offer loans for workers. Photo by VnExpress/Pham Du Prime Minister Nguyen Xuan Phuc has said banks need to lend more, especially to poor people, to overcome the loan-sharking crisis. He admitted at a conference Wednesday that though loan-sharking is prohibited, the problem persists in many rural areas, causing serious financial harm to people. One reason for its prevalence is the difficulty in getting bank loans. The PM concurred with the World Bank's warning that the ratio of the Vietnamese population without access to credit is high. "Banks are partly responsible for this issue since they have not been able to extend their services to remote and rural areas." The banking sector needs to more proactively coordinate with the Ministry of Public Security to better handle the loan-sharking crisis and make credit more accessible to people, especially the poor, he said. Incomplete statistics from the … [Read more...] about Prime Minister urges banks to lend more to stop loan-sharking