Vietnam national heritage

Vietnamese Ambassador to Morocco and Benin Dang Thi Thu Ha (L) presents her credentials to Beninese Foreign Minister Aurélien Agbenonci. (Photo: baoquocte.vn) The Vietnamese diplomat pledged that she will work hard for stronger traditional friendship between the two countries for the interest of the peoples of both sides. She gave some proposals to promote bilateral partnership in all fields, especially politics, economy and trade as well as cooperation at multilateral forums. For his part, Agbenonci highlighted the sound relations between Benin and Vietnam, and showed admiration for the socio-economic achievements that Vietnam has gained over the years. He expressed his hope that the two sides will take specific steps to further beef up their friendship and cooperation, especially as both sides are preparing for the celebration of the 50th anniversary of their diplomatic relations in 2023. After the presentation, Ambassador Ha paid courtesy calls to Beninese Minister of … [Read more...] about Vietnam, Benin seek stronger partnership

A reduction of up to 30 percent and ten percent in road toll charges for passenger transport business vehicles and freight means is applying for those enterprises, cooperatives and transport business households who have been affected by the Covid-19 pandemic respectively, starting from August 12 of 2020 to June 30 of 2022. The Vietnam Register informed that from August of 2020 to now, 805,313 means of transport of enterprises, cooperatives and business households have been applied the discount in road tolls with a total amount of around VND1,200 billion (US$51.3 million). Total registration fees in the first six months of 2022 declined by around VND85 billion (US$3.6 million). Amid the current surge of fuel prices leading to many difficulties in transport business activities of enterprises, the Vietnam Register proposed the Ministry of Transport and the Ministry of Finance consider and approve the plan of extending road use fees reduction to three more months until the end of … [Read more...] about Vietnam Register proposes extending road use fee reduction to three more months

The Business Climate Index is the leading indicator of the European business and investment community in Vietnam. European businesses in Vietnam expressed their positiveness about Vietnam’s prospects for green growth, according to the latest Business Climate Index (BCI) released by the European Chamber of Commerce in Vietnam (EuroCham) and YouGov Vietnam. CEOs of European businesses gather an event in Ho Chi Minh City last April. Photo: EuroCham According to the BCI, nearly 80% of participants said their assessment of Vietnam’s green development potential improved from the first quarter of this year. About 44% of the respondents have good and excellent outlook regarding the potential for Vietnam’s green and sustainable development. Regarding the link between green growth and foreign-direct investment (FDI), nearly 90% of the respondents believed Vietnam should accelerate green sector development to attract more foreign investment. EuroCham Chairman Alain … [Read more...] about European businesses positive about Vietnam’s prospects for green growth

Russian Minister of Foreign Affairs Sergey Lavrov is scheduled to visit Vietnam on Tuesday and Wednesday, the Vietnamese Ministry of Foreign Affairs said on Monday night. The visit is made at the invitation of Vietnamese Minister of Foreign Affairs Bui Thanh Son. In September 2021, Minister Son conducted a business trip to Moscow, where he met with many Russian officials, including his counterpart Lavrov. In late 2021, State President Nguyen Xuan Phuc visited Russia at the invitation of President Vladimir Putin. Last year marked the 20th anniversary of the strategic partnership between Vietnam and Russia, while this year is the 10th anniversary of the two nations’ comprehensive strategic partnership. Lavrov's visit takes place in the context of new developments in the international and regional situations. In March, Minister Son joined separate phone talks with Russian Foreign Minister Lavrov and Ukrainian Foreign Minister Dmytro Kuleba about the military conflict … [Read more...] about Russian foreign minister Sergey Lavrov to visit Vietnam

Vietnamese leaders have sent congratulatory messages to leaders of the U.S. government and Congress on the occasion of the country’s 246th Independence Day. State President Nguyen Xuan Phuc and Prime Minister Pham Minh Chinh sent their congratulations to U.S. President Joe Biden on Monday, according to the Ministry of Foreign Affairs. Chairman of the National Assembly Vuong Dinh Hue also extended greetings to President of the Senate Kamala Harris and Speaker of the House of Representatives Nancy Pelosi. On the same day, Minister of Foreign Affairs Bui Thanh Son sent a congratulatory message to U.S. Secretary of State Antony Blinken. Vietnam and the U.S. established bilateral relations in 1995, paving the way for a partnership of trust, friendship, and mutual respect. The bilateral relationship is guided by the comprehensive partnership signed in 2013 and joint statements issued by the leaders of the two countries in 2015, 2016, and May and November 2017, according to the … [Read more...] about Vietnam leaders congratulate US on 246th Independence Day

Illustrative photo. More than half of the Central Banks named in the survey are in the development or pilot stage, and about two-thirds of these Central Banks say they would issue a retail CBDC in the short or medium term. Many Central Banks are now developing CBDC ecosystems with the coordination of the private sector and existing payment methods. Central Banks want CBDC Basically, there are two CBDC models, including one tier where the Central Bank not only operates the interbank CBDC system but also provides direct CBDC wallet and account services to the public. At two tier, the Central Bank and private sector intermediaries work together, with 70% of the Central Bank developing the two-tier model because this model ensures the effectiveness of providing services such as customer access, identification process, anti-money laundering, anti-terrorist financing (AML/CFT), and handling retail payments to the private sector. The motivation for CBDC development is also … [Read more...] about Implications of Central Bank Digital Currency in Vietnam