China asean strategic partnership vision 2030

Techcombank is on track to be among the top ASEAN banks Techcombank’s rise within the Vietnamese banking industry was highlighted last year when it became the first non-state-owned bank to join Vietnam’s billion-dollar profit club. “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 to 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 per cent in 2020 to 50.5 per cent last year, well on its way to the bank’s target of 55 per cent by 2025. Techcombank’s net interest margin, a measure of the difference between the interest … [Read more...] about Techcombank on track for a seat among the top ASEAN banks

Truong Hung Long, director of the Department of Debt Management and External Finance under the Ministry of Finance. Improving the national credit rating is implemented with a long-term vision to reduce the cost of capital mobilisation, enhance the country's reputation, and meet the needs of socio-economic development in the future. Truong Hung Long, director of the Department of Debt Management and External Finance under the Ministry of Finance, spoke with Vietnam News Agency about the issues. The Prime Minister has just approved a project to improve the national credit rating by 2030. The Department of Debt Management and External Finance is assigned to develop and implement the project. What will the department do to fulfil this task? The Government issued Decision 304/QD-TTg on February 6, 2013 to approve a project on improving the national credit rating. That created favourable conditions for the Government in accessing the international capital market. It is also a way … [Read more...] about Viet Nam promotes solutions to improve national credit rating

Vietnam continues to benefit from its broad re-opening strategy, which saw a huge crowd flocking to tourist hotspots in the country and household spending rebound. Vietnam’s economic recovery is gaining momentum despite heightened global uncertainty related to the protracted war in Ukraine, higher commodity prices, and tightening global financial conditions, according to the World Bank. Cargo handling at Dinh Vu port, Haiphong. Photo: Cong Hung In its latest report, the World Bank pointed out the robust growth of industrial production by 9.4% in April, comparable to pre-pandemic rates. Manufactures of apparel, footwear, electronics, electrical equipment, and metal products were the most dynamic sub-sectors, registering double-digit growth rates, it added. However, machinery manufacturing slowed from 26.6% year-on-year in March to only 5.1% in April. This deceleration was related to supply chain disruptions caused by lockdowns in China, which led to a … [Read more...] about Vietnam’s economic recovery gaining momentum

President Sakellaropoulou lauded the important achievements that Vietnam has made during its struggle for independence and present process of socio-economic development. She affirmed that Greece highly valued the increasingly important role of Vietnam in the region and the world, and hoped to foster cooperation with Vietnam in all fields. The two leaders agreed that the two sides should increase meetings and exchange of delegations at all levels among ministries, sectors and localities as well as the two business communities. They assigned the two ministries of foreign affairs to review and speed up solutions to promote the bilateral partnership. President Phuc took this occasion to thank Greece for providing COVID-19 vaccines to Vietnam. Both sides showed delight that despite impacts from the COVID-19 pandemic, trade between the two countries still increased to 447 million USD in 2021, up 33 percent year on year, and two times higher than the 15 percent growth in Vietnam - E.U. … [Read more...] about Vietnam, Greece seek to further promote multifaceted cooperation

National Assembly Chairman Vuong Dinh Hue and his host counterpart Saysomphone Phomvihan on May 16 held talks following an official welcome ceremony for the former. Hue is now in Laos on an official visit. National Assembly Chairman Vuong Dinh Hue and his host counterpart Saysomphone Phomvihan on May 16 held talks. (Photo: VNA) The Lao leader spoke highly of the significance of the visit, the first by a key Vietnamese leader to Laos in the "Year of Solidarity and Friendship" between Viethnam and Laos. The year 2022 marks the 60th anniversary of the establishment of diplomatic relations between the two countries and the 45th anniversary of the signing of the Vietnam-Laos Treaty of Friendship and Cooperation. This is also the highest-level delegation of a foreign National Assembly to visit Laos since the success of the 11th Congress of the Lao People's Revolutionary Party and the beginning of the 9th National Assembly term of Laos. For his part, … [Read more...] about NA leader holds talks with Lao counterpart

Greek President Katerina Sakellaropoulou and Vietnamese President Nguyễn Xuân Phúc during the press conference. — VNA/VNS Photo Thống Nhất HÀ NỘI — President Nguyễn Xuân Phúc and Greek President Katerina Sakellaropoulou on Monday emphasised the importance of enhancing relations between the two countries. This is the Greek President's first official visit to Việt Nam. Vietnamese President Phúc praised the hard work carried out between the two countries to make progress with existing relations and revealed plans are in place to strengthen ties in the future. He told the press conference: "The relations between the two countries have seen significant progress recently, and we have set out specific directions and strategies to further deepen our cooperation in all aspects. "We also discussed a number of regional and international issues of mutual concern.” President Katerina Sakellaropoulou said that this visit will enhance relations between the two countries, the first time … [Read more...] about Plans in place to strengthen Greece – Việt Nam ties

Prime Minister Pham Minh Chinh has asked the Vietnamese Embassy in the U.S. to call on the U.S. government to recognize Vietnamese communities in the country as one of its ethnic minorities. PM Chinh visited the embassy in Washington, D.C. on Saturday as part of his trip to the U.S. to attend the U.S. - ASEAN Special Summit from May 11 to 17, at the invitation of U.S. President Joe Biden. The PM praised the embassy’s efforts in realizing the external policy of the Party and the state, promoting the image of the nation and people of Vietnam, and contributing to fostering the Vietnam – U.S. comprehensive partnership. The embassy should maintain its good performance in overseas Vietnamese affairs, including citizen protection, and request the U.S. government to recognize Vietnamese communities in the U.S. as an ethnic minority of the country, the Vietnam Government Portal cited the PM as saying. He also requested the embassy to take prompt actions in implementing relevant … [Read more...] about Vietnam seeks US recognition of local Vietnamese communities as ethnic minority group