Dr Moritz Kraemer Dr Moritz Kraemer, the former Global Chief Ratings Officer of Sovereign Ratings Group at S&P Global and currently the Chief Economist, Head of Research of the Landesbank Baden Wuerttemberg (“LBBW”) bank, shared his view of the country and the current global situation with Vietnam News Agency. The pandemic remains unpredictable, and the world is experiencing strong and unusual economic and political changes, could you share your views on the situation? Yes, the world is in turmoil. A terrifying war in Europe could escalate to the unspeakable any day. The pandemic is still a lingering threat that keeps the world economy, and especially some countries in Asia, at bay. The old model of globalisation is severely tested as erstwhile reliable supply chains are ruptured and seem to refuse to heal. Moreover, as if that was not enough, inflation appears to be getting out of hand in much of the advanced economies as commodity prices soar and labour becomes … [Read more...] about Viet Nam shows ‘seemingly limitless promise’
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National Assembly chief Vuong Dinh Hue meets Prudential brass during UK visit
National Assembly Chairman Vuong Dinh Hue holds talk with the Prudential management led by chairwoman Shriti Vadera, Interim Group CEO Mark FitzPatrick and Prudential Vietnam CEO Phuong Tien Minh, during his visit to the UK. — VNA/VNS Photos Doan Tan Photos Doan Tan Prudential plc executives called on National Assembly Chairman Vuong Dinh Hue and the high-level delegation he led to Britain to attend the Vietnam – UK High-level Forum on Economy and Trade to discuss the Vietnamese Government’s priorities and the role of insurers in increasing financial inclusion in the country. This meeting was aimed at strengthening relationships and underlining Prudential’s commitment to Viet Nam. After the two-year-long COVID-19 pandemic, Prudential is focusing on building a resilient business to best serve its customers. Insurers like Prudential play an important role in developing innovative savings and protection products to meet Vietnam’s evolving needs while strengthening and deepening … [Read more...] about National Assembly chief Vuong Dinh Hue meets Prudential brass during UK visit
NA starts project to improve people-elected bodies’ capacity
Vietnam's emblem The Office of National Assembly (ONA) on January 31 launched the third phase of a programme to strengthen the capacity of people’s elected bodies in Viet Nam . The 7.5 million USD project, sponsored by the UN Development Programme (UNDP), the governments of Canada and Ireland , the Danish Trust Fund, the UK Department of International Development (DFID) and the Swedish International Development Cooperation Agency (SIDA), will be carried out between 2008 and 2012. This phase will be beneficial to all provincial People’s Councils nationwide as an extension from 16 localities in the first and second phases. The project will enhance the relationship between voters and their representatives and improve the consultations work for selected draft laws before they are submitted to the National Assembly for approval. Particularly, it will seek opportunities to further strengthen the representative role of elected bodies, public consultations … [Read more...] about NA starts project to improve people-elected bodies’ capacity
Nearly 52,000 laborers sent abroad in first half
Viet Nam sent 51,677 workers, including 19,849 females, abroad under labor contracts in the first half of 2022, according to the Ministry of Labor, Invalids and Social Affairs. Japan was the largest recipient of Vietnamese workers, employing 32,053 ones, followed by Chinese Taipei 15,533 and the Republic of Korea 1,209. Viet Nam's plan to send 90,000 laborers abroad to work under contract this year, is feasible, said deputy head of the Department of Overseas Labor under the Ministry of Labor, Invalids and Social Affairs Nguyen Gia Liem. Due to COVID-19 impacts, last year, Viet Nam sent 45,058 workers abroad, equivalent to 50 percent of its yearly labor export target. In Europe, nine countries including Poland, Lithuania, Hungary, Bulgaria, the Cyprus Republic, Turkey, Slovakia, Belarus and Portugal, have accepted workers from Viet Nam. Many labor suppliers are recruiting up to thousands of laborers for jobs overseas. Besides traditional markets such as Japan, the RoK and … [Read more...] about Nearly 52,000 laborers sent abroad in first half
Poisonous gas leak in Jordan: Five Vietnamese die
Half of the dead victims are Vietnamese sailors. At least five Vietnamese people died and seven others were injured in a chlorine gas leak from a storage tank at Aqaba Port, Jordan this week. Gas explosion at Aqaba Port, Jordan on June 27. Photo: Mathrubhumi News Screengrab The Vietnamese mission in Saudi Arabia and Jordan is requesting Jordan authorities to expedite visa procedures so that the affected people’s relatives could fly to Jordan for funerals and to bring back the remains of the victims who worked for Hong Kong-flagged Forest 6 VRUK3 vessel. The Vietnamese victims are among 13 lives claimed in an explosion that also injured some other 250 people. In the latest move, Vietnam’s Ministry of Labor, Invalids and Social Affairs asked two labor companies (that sent those workers abroad) to take responsibility for the funerals and the return of remains. A huge explosion of toxic substance occurred when a crane loading chlorine tanks onto a ship in … [Read more...] about Poisonous gas leak in Jordan: Five Vietnamese die
