The central bank’s Deputy Governor Nguyen Kim Anh Can you share with us the main goals of Decision 986? How will this new strategy impact the Vietnamese banking sector? The State Bank of Vietnam (SBV) has closely observed the development of the Vietnamese financial sector in the past two decades, realising the opportunities and challenges that financial institutions may encounter in the next ten years. With this in mind, Decision 986 is divided into two levels: First, the SBV will be modernised with a rational organisation model and synchronous, effective, and efficient operation mechanisms in line with the country’s socialist-oriented market mechanism. Our priority objective is to control inflation, contribute to Vietnam’s macroeconomic stability, and promote sustainable growth, while ensuring the safety and soundness of the credit institution network and performing our key role in ensuring financial stability. We will also continue our supervisory role for the … [Read more...] about The central bank’s new strategy to sustain credit market in 4.0 era
City cooperative bank shimoga
Netherlands, Ho Chi Minh city cooperate in water management and…
At the receptionSo said Tran Vinh Tuyen, Vice Chairman of the city People’s Committee during his reception for Henk Ovink, Dutch Special Envoy for International Water Affairs, on November 6th. During the reception, Mr. Tuyen appreciated the effective support of the Netherlands, especially Rotterdam city, the water management agency, and the Centre for Promotion of Imports from developing countries, to the city in climate change adaptation, water resource management and flood prevention. Expressing his thanks to the Netherlands for tackling the city’s challenges during its urban development, Mr. Tuyen said that water will be one of the conditions for the city development and a source of energy after being recycled. “The city hopes to receive water technology from the Netherlands to make a breakthrough in water management,” he added. He went on to say that he praised the visit and participation in Vietwater exhibition 2018 by Mr. Henk Ovink, adding that he hoped … [Read more...] about Netherlands, Ho Chi Minh city cooperate in water management and…
City cooperates with Osaka to build low-carbon society
HCM City has implemented many renewable-energy measures in an effort to reduce greenhouse gas emissions. — VNA/VNS PhotoViet Nam News HCM CITY — Authorities in HCM City and Osaka in Japan yesterday vowed to promote cooperation among the two localities in low-carbon city development at a meeting held in HCM City. Speaking at the Mayor’s Policy on Low Carbon City Development conference, Huỳnh Cách Mạng, vice chairman of the HCM City People’s Committee, said Osaka had many effective solutions on the environment, climate change adaptation, water management and solid waste classification at the source. Osaka has provided HCM City with environmental consultancy services and solutions such as water management techniques, classification of solid waste at the source, and response to climate change. Mạng also sent his condolences to the Japanese people, especially the people and authorities of Osaka affected by the recent typhoon … [Read more...] about City cooperates with Osaka to build low-carbon society
HCM City cooperatives seek expansion abroad
When it was established in 2011, Phu Loc Agriculture – Trade – Services Cooperative had only 12 members growing vegetables and capital of 600 million VND (26,300 USD). By 2016 the capital had increased 10-fold to 6 billion VND (263,000 USD), with the cooperative attributing it to members’ efforts to save. To sustain production, the cooperative has developed five farming areas in Cu Chi and Binh Chanh districts of HCM City and in the provinces of Lam Dong, Tien Giang and Long An. Photo for illustration It has also invested in two processing plants in the two districts with modern technologies and meeting food hygiene and safety standards. In the last four years the cooperative has taken part in the city’s price-stabilization programs for consumer goods, selling 400 tons of products a month, rising to 450 tons during Lunar New year. Its products, which meet VietGap quality standards, are sold at many markets in the city like Ben Thanh, Van … [Read more...] about HCM City cooperatives seek expansion abroad
Gia Lai, Ho Chi Minh city cooperate to call on investment
Representatives of companies received licenses to invest in Gia LaiSome 400 representatives of embassies and consulates, leaders of people’s committees, banks, enterprises, and investors of Gia Lai and Ho Chi Minh city join the event. At the conference, potential and strength of key projects, mechanisms and policies to encourage investment in the two localities were introduced to organizations, individuals and enterprises. After 15 years of realizing the cooperative deals for socio-economic development, 26 investors from Ho Chi Minh city poured VND6.355 trillion into Gia Lai with 27 projects in the fields of agriculture-forestry, hydroelectricity, residential areas and trade. Meanwhile, Gia Lai’s partners invested VND29.544 trillion in 22 projects in Ho Chi Minh city with the majority of the capital being absorbed in high building, offices and apartments. On this occasion, the two sides granted licenses for 10 investors with a total capital of nearly VND5 trillion and … [Read more...] about Gia Lai, Ho Chi Minh city cooperate to call on investment