NA Chairman Vuong Dinh Hue (L) and New Zealand PM Jacinda Ardern (Photo: VNA) Hanoi (VNA) – The freshly-ended trip to Australia and New Zealand by National Assembly (NA) Chairman Vuong Dinh Hue helped strengthen cooperation between the legislative bodies of Vietnam and the two countries, contributing to promoting bilateral partnership in various fields as well as coordination at regional and international parliamentary forums, said Chairman of the NA Committee for External Relations Vu Hai Ha . Ha said that during the top legislator’s visit to Australia, the two sides discussed various issues in the bilateral strategic partnership, from politics, diplomacy to defence, security, trade, investment, education-training, tourism and people-to-people exchange. Particularly, the Vietnamese NA leader underlined that labour cooperation is a priority of Vietnam, stressing that Vietnam is willing to send holiday workers to Australia. Alongside, the two sides also agreed to … [Read more...] about NA leader’s trip to Australia, New Zealand yield fruits: Official
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Ha said that during the top legislator’s visit to Australia, the two sides discussed various issues in the bilateral strategic partnership, from politics, diplomacy to defense, security, trade, investment, education-training, tourism and people-to-people exchange. Particularly, the Vietnamese N.A. leader underlined that labor cooperation is a priority of Vietnam, stressing that Vietnam is willing to send holiday workers to Australia. Alongside, the two sides also agreed to promote cooperation in issues of global concern such as digital transformation, climate change and just energy transition, said Chairman of the N.A. Committee for External Relations Vu Hai Ha. He said that Vietnam and Australia also shared common interest in peace, security and cooperation in the Indo-Asia-Pacific region, including the ASEAN and the Mekong sub-region. Chairman of the N.A. Committee for External Relations Vu Hai Ha said that regarding parliamentary cooperation, the two sides signed a new … [Read more...] about National Assembly leader’s trip to Australia, New Zealand yield fruits: Official
Inaugural ceremony of new headquarters of French Institute in Vietnam (Photo: VNA) Hanoi (VNA) - French Senate President Gérard Larcher attended a ceremony in Hanoi on December 8 to inaugurate the new headquarters of the French Institute in Vietnam, as part of his ongoing official visit to the Southeast Asian country. Gérard Larcher said that the institute serves a pillar in the culture exchange between France and Vietnam, through the organisation of events in all fields, from cinematography to music, from performing arts to visual arts, and heritage. The inauguration marks a new start for the institute's activities, opens up opportunities for the institute in relations with Vietnamese partners, and strengthens links and cultural and linguistic exchanges, he added. Vietnamese Minister of Culture, Sports and Tourism Nguyen Van Hung said that this event marks a new development of the institute after 18 years operating in Vietnam, and part of a ceremony to kick-start … [Read more...] about French Senate President inaugurates headquarters of French Institute in Vietnam
The State Bank of Vietnam (SBV) has revised up the credit growth target for the domestic banking system by 1.5-2 percentage points from its previous target of 14 percent, allowing it to pump an additional VND200 trillion (US$8.4 billion) into the local economy. According to a report by SSI Securities Corporation, the SBV’s expansion of the credit growth cap to 15.5-16 percent raises the country’s total credit for this month to VND400 billion ($16.7 million). According to experts, the revision will help businesses, and the economy as a whole, amidst a soaring thirst for capital. The central bank has yet to announce exactly which banks will be eligible to increase their credit limits. As of the end of October, Vietnam’s credit growth sat at 11.5 percent, allowing for just 2.5 percent credit growth for the final two months of the year – a modest amount given the massive demand. In response to the announcement, the director of a company in Binh Tan District, Ho Chi Minh City … [Read more...] about Vietnam’s central bank raises credit growth cap, pumps $8.4bn into economy
Infographic by HSBC Since the advent of US-China trade tensions, Viet Nam has been one of the biggest beneficiaries in terms of both trade and FDI diversion, boosting its export share in the US market in particular. As a result, Viet Nam has become increasingly vulnerable to a US economic slowdown. In its recent 'Vietnam at a glance' report, HSBC said Viet Nam has been hit hard by a global trade slowdown, seeing the first meaningful year-on-year decline in its exports in two years. In particular, the decline has been led by an economic slowdown in the US, Viet Nam’s largest export destination. After over two years of booming trade, the “pay-back” time has come. Global orders have been falling sharply, taking a toll on Asian exporters. Viet Nam is no exception, and it has been on the front line in terms of feeling the pain. In November, the country saw the first meaningful year-on-year decline in its exports in two years, with broad-based weakness. In particular, shipments of … [Read more...] about HSBC: Is an export winter approaching?
The planning of ecotourism development and forest lease at the Con Dao National Park by 2030. (Photo: Ngoc Son) HCM City (VNA) – The southeastern province of Ba Ria-Vung Tau has promoted eco-tourism to bring new experiences to its visitors, towards green and environmentally friendly tourism. Utilising strengths Based on local strengths, Ba Ria-Vung Tau has taken a range of solutions to develop eco-tourism and community-based tourism in combination with landscape conservation. Director of the provincial Department of Tourism Trinh Hang said tourism is an economic pillar and eco-tourism is among the eight tourist types targeted by the province in 2020-2025. The province is blessed with primeval forests, mangroves, the Con Dao National Park - a Ramsar site of wetlands of international importance, rivers and sea, which has supported eco-tourism. Ba Ria and Vung Tau cities have brought into play their potential and strengths, along with existing maritime tourism products … [Read more...] about Ba Ria-Vung Tau: eco-tourism goes with environmental protection