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Nguyen Duc Thach Diem, permanent vice chairwoman of the board of directors cum CEO of Sacombank. — Photo courtesy of Sacombank Nguyen Duc Thach Diem has been re-appointed as CEO of Sai Gon Thuong Tin Commercial Joint Stock Bank (Sacombank) for five years. Her new term began June 30, 2022. Diem is now permanent vice chairwoman of the board of directors cum CEO of Sacombank. She was appointed CEO in 2017 when the bank began a post-merger restructuring process in the face of numerous difficulties and challenges in terms of personnel, operational efficiency and bad debts. Diem and her team managed to put a restructuring plan on the right track to achieve growth and improve operational efficiency over the years, making Sacombank an example of success in restructuring in Viet Nam’s banking industry. In the five years since restructuring, Sacombank has recovered and handled nearly VND72 trillion (US$3.09 billion) worth of bad debts and outstanding assets, meeting 67.9 per cent of … [Read more...] about Sacombank re-appoints Nguyen Duc Thach Diem as CEO for five years

The delegation includes Vietnam's number one cueist Tran Quyet Chien (billiards), Hoang Thi Phuong Giang, Duong Thuy Vi and Pham Quoc Khanh (wushu), Nguyen Tran Duy Nhat (muay Thai) and the women's beach handball team. At the previous event hosted in Poland in 2017, Vietnam scored one gold medal thanks to muay athlete Bui Yen Ly. This year's event will take place from July 7 to 17 in Birmingham, Alabama, the U.S., having been delayed one year due to the Covid-19 pandemic. It features 30 sports in 54 disciplines. Athletes from 110 nations will participate in this competition. World Games is an international multi-sport event that includes sports that are not contested in the Olympics. The event is hosted every four years, usually one year after the Summer Olympics. Although World Games comprise non-Olympic sports, it's still supported by the International Olympic Committee. … [Read more...] about Vietnam to compete in 4 World Games events

President Nguyen Xuan Phuc (L) presents a gift to Ben Tre at the event (Photo: VNA) Ben Tre (VNA) – President Nguyen Xuan Phuc has highlighted significant contributions of blind poet Nguyen Dinh Chieu to Vietnam’s literature, education and culture, in his remarks delivered at the celebration of Chieu’s 200th birth anniversary (July 1, 1822 – 2022). Chieu (1822 – 1888) is among the World Cultural Celebrities whose birth and death anniversaries will be commemorated by UNESCO between 2022 and 2023. The decision was made during the ongoing 41st General Conference of UNESCO in Paris on November 23 last year. President Nguyen Xuan Phuc speaks at the event (Photo: VNA) At the event held in the Mekong Delta province of Ben Tre on June 30, Phuc stated that the celebration is an opportunity to honour the man’s dedication to the culture of Vietnam and humankind, and also to discover his valuable experiences and lessons serving the local and national development in the … [Read more...] about President attends celebration of 200th birth anniversary of blind poet in Ben Tre

Passion fruit is among Vietnam’s top 10 fruits with the highest export earnings. China’s customs have authorized the import of passion fruit from Vietnam from July 2022, the first time for this kind of fruit, which is listed among Vietnam’s top 10 fruits with the highest export earnings. The fruit would be shipped through the Pingxiang border gate, Dongxing City, Guangxi Province, China. Passion fruit is one of Vietnam's top 10 fruits with the highest export earnings. File photo Chinese customs asked Vietnamese agencies to meet regulations on production management and phytosanitary, the Global Good Agricultural Practice (GlobalGAP) and the Vietnamese Good Agricultural Practice (VietGAP). Vietnam’s Ministry of Agriculture and Rural Development (MARD) is in charge of supervising the quality and connecting exporters. Over the past five years, Vietnam’s export of passion fruit has seen a rise of more than 300% in terms of quantity and value, listing Vietnam … [Read more...] about China starts importing Vietnam passion fruit

The committee’s objective is to assist the Prime Minister in researching and solving critical issues related to the implementation of the socio-economic recovery package. The Government has set up a steering committee to implement the upcoming socio-economic recovery package worth VND350 trillion (US$15.4 billion). Deputy Prime Minister Le Minh Khai. Source: VGP The committee is led by Deputy Prime Minister Le Minh Khai, while Minister of Planning and Investment Nguyen Chi Dung, Vice Minister of Finance Vo Thanh Hung, and Vice Governor of the State Bank of Vietnam (SBV) Pham Thanh Ha will serve as deputy heads. Other members of the committee include senior officials from ministries and Government agencies. The committee’s objective is to assist the Prime Minister in researching and solving critical issues related to the implementation of the socio-economic recovery package. The National Assembly in an irregular session in January ratified a resolution on … [Read more...] about Steering committee set up to implement US$15.4-billion socio-economic recovery package

Vietnam’s economy has been firm on the recovery track, with the GDP growth in the second quarter at 7.72% year-on-year, the highest second-quarter growth since 2011. Based on Vietnam’s economic performance in the first six months of the year and expectations for the remainder of 2022, the Ministry of Planning and Investment (MPI) expected the economic expansion rate may hit 7% this year, 0.5 percentage points higher than the Government’s target of 6.5%. Minister of Planning and Investment Nguyen Chi Dung at the meeting. Source: VGP MPI Minister Nguyen Chi Dung forecast at the monthly Government meeting held today [July 4]. According to Dung, Vietnam’s economy has been firm on the recovery track with the GDP growth in the second quarter at 7.72% year-on-year, the highest second-quarter growth since 2011. This lifted the overall six-month GDP growth to 6.42% year-on-year, higher than the 5.74% rate in the same period of 2021, and equivalent to the … [Read more...] about Vietnamese Gov’t targets GDP growth of 7% in 2022