The trip has contributed to promoting the relations between the Association of Southeast Asian Nations (ASEAN) and the U.S., and between Vietnam and the U.N. and the U.S., while affirming Vietnam’s role and prestige in the international arena. During his week-long stay in the U.S., the PM visited the four cities of Washington D.C, Boston, New York, and San Francisco, with more than 50 activities. He attended and delivered speeches at the summit, and met with ASEAN leaders, including his counterparts from Laos, Cambodia and Singapore, and the Indonesian President. Chinh also had meetings with U.N. Deputy Secretary-General Amina J. Mohammed, UNICEF Executive Director Catherine Russel, President of the U.N. General Assembly Abdulla Shahid and Administrator of the U.N. Development Program (UNDP) Achim Steiner. He met President Joe Biden, and received senior officials of the U.S. government such as Secretary of State Antony Blinken, Secretary of Commerce Gina Raimondo, Secretary of … [Read more...] about Prime Minister Pham Minh Chinh concludes U.S. trip
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UN promises support for Việt Nam’s energy transition scheme
Special Adviser to the UN Secretary General on Climate Action Selwin Hart handed over the letter from UN Secretary-General Antonio Guterres to Ambassador Đặng Hoàng Giang, Permanent Representative of Việt Nam to the UN. — VNA/VNS Photo HÀ NỘI — The United Nations (UN) has affirmed its willingness to support Việt Nam in establishing a partnership on energy transition with the Group of Seven (G7) nations in a letter of UN Secretary-General Antonio Guterres to Vietnamese Prime Minister Phạm Minh Chính. Special Adviser to the UN Secretary General on Climate Action Selwin Hart handed over the letter to Ambassador Đặng Hoàng Giang, Permanent Representative of Việt Nam to the UN at a meeting in New York on May 18. In the letter, the UN Secretary General applauded Việt Nam’s decision to make a strong commitment to net-zero emissions by 2050 and reducing domestic coal-fired electricity consumption at the 26th United Nations Climate Change Conference of the Parties (COP26), affirming that … [Read more...] about UN promises support for Việt Nam’s energy transition scheme
Pollution killing 9 million people a year, Africa hardest hit: study
Worsening outdoor air pollution and toxic lead poisoning have kept global deaths from environmental contamination at an estimated 9 million per year since 2015 – countering modest progress made in tackling pollution elsewhere, a team of scientists reported Tuesday. Air pollution from industry processes along with urbanization drove a 7% increase in pollution-related deaths from 2015 to 2019, according to the scientists’ analysis of data on global mortality and pollution levels. "We're sitting in the stew pot and slowly burning," said Richard Fuller, a study co-author and head of the global nonprofit Pure Earth. But unlike climate change, malaria, or HIV, "we haven't given (environmental pollution) much focus." An earlier version of the work published in 2017 also estimated the death toll from pollution at roughly 9 million per year — or about one of every six deaths worldwide — and the cost to the global economy at up to $4.6 trillion per year. That puts pollution on par with … [Read more...] about Pollution killing 9 million people a year, Africa hardest hit: study
PM’s working trip to US a demonstration of Vietnam’s foreign policy
PM Pham Minh Chinh addresses the ASEAN - US Special Summit in Washington D.C. on May 13. (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh’s recent working visit to the US is a step to strongly implement Vietnam’s foreign policy , help elevate multilateral diplomacy , and intensify relations with the US - one of the leading partners of Vietnam, an official has said. The high-ranking delegation of Vietnam led by the PM attended the ASEAN - US Special Summit and paid working visits to the US and the UN from May 11 to 17. Talking to the media, Deputy Minister of Foreign Affairs Ha Kim Ngoc said the trip with more than 60 bilateral and multilateral activities at different levels helped carry out the foreign policy of independence, self-reliance for peace, friendship, cooperation and development, multilateralisation and diversification of external relations, and comprehensive and extensive international integration. At the special summit marking the 45th … [Read more...] about PM’s working trip to US a demonstration of Vietnam’s foreign policy
UN promises support for Vietnam’s energy transition scheme
Special Adviser to the UN Secretary General on Climate Action Selwin Hart handed over the letter to Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN at a meeting in New York on May 18. Special Adviser to the UN Secretary General on Climate Action Selwin Hart handed over the letter to Ambassador Dang Hoang Giang (Photo: VNA) In the letter, the UN Secretary General applauded Vietnam’s decision to make a strong commitment to net-zero emissions by 2050 and reducing domestic coal-fired electricity consumption at the 26th United Nations Climate Change Conference of the Parties (COP26), affirming that the UN fully supports Vietnam's efforts to phase out coal-fired power by 2040. Guterres welcomed G7 nations’ recent agreement to prioritise the establishment of partnership with Vietnam on energy transition. Ambassador Giang thanked the UN and the Secretary General for the support for Vietnam, saying that he will soon send the letter to PM Chinh and … [Read more...] about UN promises support for Vietnam’s energy transition scheme
Will international stress disrupt Vietnam’s economic recovery?
Patrick Lenain-Former assistant director Organisation for Economic Co-operation and Development Pressures on global supply chains are also a key headwind in the recovery. Supply chain disruptions are not new: health precautions imposed over the last two years have already caused major bottlenecks. Major shipping hubs such as Los Angeles and Shanghai have operated with reduced capacity, with long waiting times to get shipments processed across the borders. With the pandemic fading away, congestion in international supply chains has eased a bit since December 2021. In the United States, government agencies have worked with shippers, retailers, and port authorities to speed up the movement of goods. For instance, ships waiting to unload containers in US ports have declined by 35 per cent, thanks to 24/7 operations and large recruitment of workers. However, the lack of US truck drivers has emerged as a new problem. Action was taken to hire 30,000 additional truck drivers, … [Read more...] about Will international stress disrupt Vietnam’s economic recovery?
PM’s working trip to US enhances Vietnam’s position, prestige
Prime Minister Pham Minh Chinh delivers a speech at the Centre for Strategic and International Studies (CSIS) (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh’s trip to the US to attend the ASEAN-US Special Summit , and pay working visits to the US and the United Nations (UN) from May 11-17 has produced a lot of important results, both multilaterally and bilaterally, contributing to promoting the relations between ASEAN and the US, Vietnam and the UN, and Vietnam and the US, and affirming the country's position and prestige in the international arena. During his stay in the US, PM Chinh engaged in more than 60 activities in Washington D.C, Boston, New York and San Francisco. He attended and delivered a speech at the sessions of the ASEAN - US Special Summit, and met with leaders of several ASEAN countries such as the Prime Ministers of Laos, Cambodia and Singapore, and the President of Indonesia. Foreign Minister Bui Thanh Son said that the Government … [Read more...] about PM’s working trip to US enhances Vietnam’s position, prestige
PM’s working trip to U.S. a demonstration of Vietnam’s foreign policy
The high-ranking delegation of Vietnam led by the PM attended the ASEAN - U.S. Special Summit and paid working visits to the U.S. and the U.N. from May 11 to 17. Talking to the media, Deputy Minister of Foreign Affairs Ha Kim Ngoc said the trip with more than 60 bilateral and multilateral activities at different levels helped carry out the foreign policy of independence, self-reliance for peace, friendship, cooperation and development, multilateralization and diversification of external relations, and comprehensive and extensive international integration. At the special summit marking the 45th anniversary of the ASEAN - U.S. dialogue relations, Vietnam played a proactive, active, and responsible part in preparing for and organizing the event and drafting documents. PM Chinh’s speeches at this summit reflected countries’ common attention, highlighted ASEAN’s centrality, and shared the vision for international and regional issues as well as development orientations matching the … [Read more...] about PM’s working trip to U.S. a demonstration of Vietnam’s foreign policy
Shanghai finds cases after five days of ‘zero COVID’ but end of lockdown on track
Shanghai announced its first new COVID-19 cases outside quarantined areas in five days on Friday, triggering stricter curbs and mass testing in one district but plans to end a prolonged city-wide lockdown on June 1 appeared on track. The commercial hub of 25 million found three new cases in the same family in Qingpu district. All had taken three doses of vaccine and their infections were discovered during regular testing, authorities said. The three had not left their district town over the past 14 days but had visited at least four places, including a supermarket, all of which were sealed off and were being disinfected, authorities said. The area's more than 200,000 people had been re-tested and all results were negative. "Our district will follow the precise prevention and control measures, do a good job in epidemic prevention and control and achieve dynamic clearing as soon as possible," Zhang Yan, deputy head of Qingpu district, told an online news conference. Other … [Read more...] about Shanghai finds cases after five days of ‘zero COVID’ but end of lockdown on track
Techcombank eyes seat at top Southeast Asian banking table
"Even in the very tough environment we are seeing, our employees have maintained a high quality and reliable service for our customers and this is helping us deliver stellar performance year after year," said Jens Lottner, CEO of Techcombank. Last year, the bank continued to reduce costs while focusing on building deposits in its current accounts and savings accounts (CASA), which Lottner described as a "stable and cheap" source of funding. Techcombank’s CASA ratio, which reflects the percentage of the bank’s total deposits that are CASA, jumped from 46.1 percent in 2020 to 50.5 percent last year, on its way to the bank’s target of 55 percent by 2025. Techcombank’s net interest margin (NIM), a measure of the difference between the interest received by the bank and the amount paid out to lenders, also increased 69 basis points to 5.6 percent during the year. "Together, these improving metrics, along with our effective cost management, translated into an excellent profit before tax … [Read more...] about Techcombank eyes seat at top Southeast Asian banking table