Zimbabwe 10 billion dollar bill

President Nguyen Xuan Phuc and Ambassador of Israel Yaron Mayer (Photo: VNA) Hanoi (VNA) – President Nguyen Xuan Phuc received in Hanoi on August 10 Ambassador of Kuwait Yousef Ashour Al-sabbagh and Ambassador of Israel Yaron Mayer, who came to present their credentials. At his meeting with Ambassador Al-sabbagh, President Phuc affirmed that Vietnam always attaches importance to and wishes to enhance the traditional friendship with Kuwait, one of the leading economic partners of Vietnam in the Middle East. Mentioning trade between the two countries, which was valued at about 4.8 billion USD last year, up 48% year-on-year, the President suggested Kuwait facilitate the penetration of Vietnamese goods, especially agricultural products, seafood, garments-textiles, wood products and components, into Kuwait and other Gulf countries. He also called on the Kuwait side to coordinate with Vietnamese partners and enterprises in trade promotion, and to seek suitable solutions for the … [Read more...] about President meets ambassadors of Kuwait, Israel

According to data from Coin98 insights, the total value of funding rounds announced last week amounted to more than $1.5 billion. Lightspeed Venture Partners, a mid-sized global venture fund, has raised its largest fund dedicated to India and Southeast Asia at $500 million. These are two areas that are attracting the attention of investors with many outstanding projects and ideas. Many entrepreneurs would prefer strategic investment rather than a boat-load of cash straight up, Chi Cuong Vietnam, which is known as one of the five leading countries and a potential market for blockchain technology development, could benefit from this shift of investment capital. “The amount of capital invested in blockchain startups in Vietnam in the coming time could reach billions of dollars or more. A huge source of capital will come from Vietnamese investors because the young generation is very passionate about technology,” commented Johnny McCamley, CEO of crypto asset investing … [Read more...] about Blockchain projects preferring long-term partnerships

President Joe Biden's team has been wrestling for months with various ways to ease the costs of duties imposed on Chinese imports during predecessor Donald Trump's tenure, as it tries to tamp down skyrocketing inflation. It has considered a combination of eliminating some tariffs, launching a new "Section 301" investigation into potential areas for additional tariffs, and expanding a list of tariff exclusions to aid U.S. companies that can only get certain supplies from China. Biden has not made a decision on the issue and all options remain on the table, the White House said. The tariffs make Chinese imports more expensive for U.S. companies, which, in turn, make products cost more for consumers. Bringing down inflation is a major goal for Biden, a Democrat, ahead of the November midterm elections, which could shift control of one or both houses of Congress to Republicans. But Beijing's response to U.S. House Speaker Nancy Pelosi's visit last week to Taiwan triggered a … [Read more...] about US rethinks steps on China tariffs in wake of Taiwan response: sources

French-based Sanofi sales reached almost €19.8 billion ($20.17 billion) in the first half of the year, up 14.2 per cent on a reported basis. Exchange rate movements had a positive effect of 5.8 percentage points. At constant exchange rates (CER), company sales were up 8.4 per cent. The group’s second-quarter sales growth of 8.1 per cent at CER was driven by allergy medicine Dupixent as well as vaccines and consumer healthcare. Pharma giants gaining big in 2022,illustration photo/ freepik.com Sanofi CEO Paul Hudson said, “Our performance in the second quarter was again marked by higher sales across our key growth drivers and outstanding financial results leading us to upgrade our business earnings per share guidance for the full year.” While Sanofi continues to increase investment in research and development (R&D), Hudsen added that it is confident in the business outlook for the second half and reiterated the commitment to achieve the business operating income … [Read more...] about Pharma giants gaining big in 2022

Ring-road No.4, one of the nine projects of national priority, is expected to create driving forces for Vietnam’s socio-economic recovery. The construction of Ring-road No.4 in Hanoi and neighboring cities under the capital area is scheduled to begin in June 2023. Prime Minister Pham Minh Chinh at the meeting. Photos: Nhat Bac “The Hanoi’s authorities and related provinces/cities should focus on completing investment procedures for sub-component projects and activities related to site clearance before the timeline.” Minister of Transport (MoT) Nguyen Van The stressed the goal during a meeting of the National Steering Committee on priority projects on August 10. This was the first meeting of the Committee after its establishment on July 23, which focuses on nine major transport projects worth a combined VND734 trillion (US$31.4 billion), including the Ho Chi Minh road; expressway sections Easter North-South, Ben Luc – Long Thanh, Khanh Hoa – Buon Me Thuot, … [Read more...] about Construction of Hanoi’s Ring-road No.4 set to begin next June

An AO-infected girl at school (Photo: VNA) Bac Lieu (VNA) – The Association for Victims of Agent Orange/Dioxin of the southern province of Bac Lieu handed over 55 gifts to local AO/dioxin victims during its gathering on August 10, on the occasion of the 61st anniversary of AO disaster in Vietnam (August 10). On the occasion, the provincial People’s Committee presented certificates of merit to individuals who had made remarkable contribution to joint efforts to ease AO pain. Speaking at the event, Standing Vice Secretary of the provincial Party Committee Le Thi Ai Nam asked the association to work closely with departments and agencies to raise public awareness of the AO/dioxin consequences on human and environment. She also suggested that associations for AO/Dioxin victims at all levels regularly launch campaigns to help AO victims, especially during major national celebrations and Day for AO Victims. According to Chairwoman of the provincial association Vo Thi … [Read more...] about Gifts presented to AO victims in Bac Lieu