At the ceremony. (Photo: moit.gov.vn) Dien made the statement at a working session with leaders of the US's AES Corporation in New York on September 21 (local time) to discuss the group's invesment and business activities in Vietnam. At the meeting, the leaders of AES Corporation informed that a joint venture agreement has been completed for the Son My LNG port warehouse project on the basis of the main terms of the joint venture contract of Son My LNG (liquefied gas) port warehouse project signed in October 2020. This is an important milestone in the development of the entire project, obtained thanks to the approval and direction of the Government, the Ministry of Industry and Trade, the Commission for the Management of State Capital at Enterprises, the Vietnam National Oil and Gas Group (PetroVietnam) and relevant agencies of Vietnam. Minister Dien said leading US firms’ success in Vietnam not only holds economic significance but also promotes Vietnam as a trustworthy … [Read more...] about Vietnam to facilitate US investment projects, says minister
Vietnam national holidays 2019
HCM City to implement third relief package worth 7.3 trillion VND Ho Chi Minh City will carry out the third relief package worth 7.3 trillion VND (around 320.7 million USD) sourced from the local budget to help more households and informal workers affected by the COVID-19 pandemic, said Vo Van Hoan, Vice Chairman of the municipal People’s Committee. Speaking at a press conference held by the city’s Steering Committee for COVID-19 Prevention and Control on September 20, Hoan said given complicated developments of the COVID-19 pandemic in the city and prolonged social distancing, people face more difficulties due to job loss and having no income. Therefore, in addition to the social security relief packages of the city's Vietnam Fatherland Front Committee and other organisations and individuals, the municipal People's Committee continues to implement the third relief package to help ease difficulties for local residents. According to reports from the People's Committees of … [Read more...] about VIETNAM NEWS HEADLINES SEPTEMBER 21
Vietnamese female officers and soldiers prepare to join the UN peacekeeping force. (Photo: VNA) Hanoi (VNA) – Vietnam always focuses on gender equality issues, increasing the percentage of female soldiers involving in missions in different branches and other important issues to gradually promote the participation of women in this field, Major General Vu Cuong Quyet, Director of the Institute for Defence Strategy under the Ministry of National Defence said on September 22. He made the statement at an exchange on gender, peace and security which was jointly organised by the Vietnam Department of Peacekeeping Operations under the Ministry of National Defence and the Australian Embassy in Vietnam in both virtual and in-person forms. Senior Lieut. Colonel Pham Tan Phong , Deputy Director of the Vietnam Peacekeeping Department, emphasised that the country’s sending of female soldiers to UN peacekeeping operations is a pragmatic activity in line with the gender equality … [Read more...] about Vietnam always pay attention to gender equality issues: senior official
Michael Kokalari, Chief economist, VinaCapital The Fed effectively prints money and uses it to acquire bonds and other securities. In doing so, it increases the amount of US dollars in the global economy, and thus the Fed’s quantitative easing (QE) programme is essentially (but not exactly) a form of money printing that pushes up stock prices around the world. For that reason, some investors are worried about the possibility of another “taper tantrum” like in 2013. At that time, the Fed’s announcement that it would reduce its monthly QE purchases from $85 billion to $65 billion prompted major corrections in several emerging market (EM) stock markets. Most analysts expect the Fed to begin its QE tapering in December. As such, some investors are concerned about the possibility that another taper tantrum could prompt a correction in the VN-Index, which has surged by more than 20 per cent on-year despite the lockdowns. We are not overly concerned that another taper tantrum will … [Read more...] about Fed’s fiscal tightening won’t dent Vietnam’s position
Three months ago, Nike gave a rosy outlook for the rest of the year as it benefited from consumers splurging on sneakers for running and hiking as they returned to their routines after over a year of staying at home. Still, some analysts have cut their outlook for Nike's sales, predicting that lockdowns and factory closures in Vietnam, where about half of all Nike footwear is manufactured, will cause shortages during the crucial shopping season. "We believe the risk of significant cancellations beginning this holiday and running through at least next spring has risen materially for Nike as it is now facing at least two months of virtually no unit production at its Vietnamese factories," BTIG analysts wrote in a note. Many factories in Vietnam's manufacturing hubs have been shut or are operating with drastically fewer on-floor workers since mid-July as a surge in Delta variant cases forced the government to implement tight containment policies. Other apparel companies including … [Read more...] about Nike’s Vietnam supply hurdles in focus ahead of quarterly results
Retail consumption - financial services – telecommunications and essential services on digital platforms are estimated to account for 80 percent of the Vietnamese consumer’s wallet. To Masan, the integration of telecom solutions and useful technologies into the ‘Point of Life’ platform will boost consumer benefits by delivering a user-friendly experience and optimal performance. Therefore, Masan recently acquired 70 percent of Mobicast to mark its official entry into the telecom and digital service sectors. This is a strategic step of the company to build a complete ecosystem of its own and transform the retail consumer industry. Why did Masan decide to launch Reddi as a Mobile Virtual Network Operator? MVNOs (Mobile Virtual Network Operators) are wireless communication service providers that do not have their own frequency spectrum allocation or the wireless network infrastructure. MVNOs partner with traditional Mobile Network Operators (MNO) to use their wireless network … [Read more...] about Entering into telecommunications sector, will Masan adopt Reliance Jio model in Vietnam?