The Vietnamese booth at the ASEAN+3 festival (Photo: VNA) Phnom Penh (VNA) – The Embassy of Vietnam in Cambodia and Vietnamese students in the country on April 1 participated in the third ASEAN+3 festival in Phnom Penh. The festival was jointly held by the Cambodian Ministry of Education, Youth and Sports, the Union of Youth Federations of Cambodia and the Royal University of Phnom Penh. It was attended by Vietnamese Ambassador to Cambodia Vu Quang Minh, the ambassadors of the ASEAN members and China, Japan and the Republic of Korea, along with local and foreign students in Phnom Penh. Non la (conical hat) and ao dai (traditional long dress) were introduced at the Vietnamese booth, as well as books and photos on the country and its famous tourist destinations. Vietnam’s signature dishes, including “pho” (rice noodles with beef or chicken), were served at the event. Through the festival, the Vietnamese delegation hoped to promote the country’s … [Read more...] about Vietnam promotes images in ASEAN+3 festival in Cambodia
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Vietnam, Russia boost judicial ties
Binh said the two countries reaped encouraging results under signed agreements, including regular exchange of all-level visits to share experience in legislation and court hearings. He added that thanks to reference to Russia’s law and Russian experts’ experience in judicial affairs, the Vietnamese National Assembly adopted and promulgated a series of important codes that laid a foundation for Vietnam’s judicial activities. At the working session He requested that both countries should further promote cooperation at local level, specifically between Hanoi City People’s Court and Moscow provincial Court. The guest suggested Russia assists Vietnam in training lecturers for the Judicial Academy, improve the capacity of court staff, and share experience in the road-map to wage reform and build an electronic court system to ensure information safety. Lebedev, for his part, expressed readiness to share relevant information and pledged to direct … [Read more...] about Vietnam, Russia boost judicial ties
Report highlights Vietnam’s social mobility
Two H’mong ethnic minority women in the northern mountainous province of Lao Cai’s Bac Ha district (Photo: VNA) Hanoi (VNA) - Social mobility in Vietnam is lagging behind its economic growth over the last decade, as the country’s poor still lack access to learn new skills and gain better jobs. A new report "Social Mobility and Equality of Opportunity in Vietnam: Trends and Impact factors” launched by Oxfam on March 29 highlighted the problem and the threat it poses to the country’s sustainable growth. The report consolidates data from the Vietnam Household Living Standards Survey 2004 -14 and interviews with about 700 people over the last two years in three provinces of Lao Cai, Nghe An and Dak Nong in the north, central and Central Highland regions, respectively. Social mobility is defined as a change in the social status of an individual or household. Social mobility can refer to a change an adult experiences as compared with his/her parents … [Read more...] about Report highlights Vietnam’s social mobility
Vietnam’s first quarter credit growth at 2.23 percent: GSO
Commercial bank deposits also went up by 2.20 percent; however it is 2.43 percent lower compared to the same period last year. Vietnam’s credit growth was 2.23 percent in first quarter while it was 2.81 percent in last year’s first quarter. GSO’s report said that deposit interest rates were also stable, at 6.5 - 7.3 per cent for deposits in Vietnamese đong over a 12-month term. Lending interest rates for prioritized sectors stood at 6 - 6.5 per cent over 12-month term while it was 6.7 - 9 percent in short -term loans and 9.3 - 11 percent in long-term loans for other sectors. For businesses with transparency in finance report, lending interest rate was 4 - 5 percent over 12 months as short-term loans. The office of State bank of Vietnam in the HCMC said that credit growth of institutions in the city in the year’s first quarter was estimated 3 percent higher than the growth in the end of 2017 and much higher than the country’s general growth. The … [Read more...] about Vietnam’s first quarter credit growth at 2.23 percent: GSO
Vietnam treasures comprehensive cooperation with China: PM
Prime Minister Nguyen Xuan Phuc made the affirmation while hosting a reception in Hanoi on March 31 for Chinese Foreign Minister Wang Yi. The Vietnamese leader underlined that Wang Yi’s official visit to Vietnam and his attendance at the sixth Greater Mekong Subregion Summit (GMS-6) are a vivid illustration of China’s support for the bilateral ties and the neighboring country’s hosting of GMS-6. Prime Minister Nguyen Xuan Phuc and Chinese Foreign Minister Wang Yi Both sides need to enhance the fruitful relations via high-level exchanges, he said, noting that they should address bottlenecks to bring greater economic benefits to each nation. He suggested China facilitate imports of Vietnamese products, invest in high-tech and environmentally friendly projects in Vietnam as well as put forth collaboration with the Southeast Asian country in transport, agriculture, environment, science and technology and finance. He expressed his hope that China will … [Read more...] about Vietnam treasures comprehensive cooperation with China: PM