Hanoi (VNA) – From July 1, Mme. Carolyn Turk will work at the World Bank (WB) Hanoi office as its country director in Vietnam, according to the office. A British citizen, she joined the lender in 1998 and has held various positions, with her latest being the country direction of the WB in Ethiopia, South Sudan, Sudan and Eritrea. The official will shoulder the leading role in intensifying WB investment and knowledge sharing programmes with Vietnam so as to help the country achieve the goal of becoming a middle-high income state by 2045. As of June 30, 2020, the WB had provided Vietnam with more than 24.86 billion USD, including grants, credits and loans aimed to support development programmes. Over the past six months, it pledged an additional 516.67 million USD for projects in the fields of transport, urban development, university education, climate change and green growth. WB’s study and consultation programmes in Vietnam have also created a strategic source of … [Read more...] about World Bank Hanoi office has new head
Commercial state bank
Jakarta (VNA) – A state of emergency over land and forest fires was declared in Central Kalimantan province of Indonesia on June 30, following the finding of over 700 hotspots and wildfires in some local areas. Governor Sugianto Sabran said people of Central Kalimantan are dealing with many challenges, namely the COVID-19 pandemic, fires, and floods. Meanwhile, acting head of the Regional Disaster Mitigation Agency Darliansyah said the emergency status will last until September 28 so as to develop synergies in an effort to prevent the disaster. The World Bank estimated that total damage and economic loss from forest fires in Indonesia from June to October 2019 surpassed 5 billion USD, equal to 0.5 percent of the country’s GDP. Over 900,000 people reported respiratory illnesses, 12 national airports halted operations, and hundreds of schools in Indonesia and nearby Malaysia and Singapore had to temporarily close due to forest fires in the archipelago … [Read more...] about Indonesian province declares state of emergency over forest fires
Ministry considers allowing bets via e-wallets, telecommunications accounts The Ministry of Finance is drafting an amendment to the decree on business of betting on horse racing, greyhound racing and international football, which would allow the payment of bets via e-wallets or mobile accounts. … [Read more...] about How will mobile money affect e-wallets?
Opening the event, Secretary of the municipal Party Committee Vuong Dinh Hue said the conference looked to press on with administrative reforms and stronger improvement of the local business climate and competitiveness so that Hanoi can achieve as high as possible socio-economic results, with its gross regional domestic product growth 1.3 times faster than the whole country’s gross domestic product expansion, and the budget revenue target of 285 trillion VND (nearly 12.3 billion USD) this year. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES JUNE 28
Nguyen Thi Thao Nhi, chairwoman of the Thanh Binh Phu My JSC, said her company is strengthening its relationship with international organisations like JETRO, JICA, HCM City Japanese Friendship Club (JCCH), Korea Trade-Investment Promotion Agency (KOTRA), Korean Chamber of Commerce (KOCHAM), American Chamber of Commerce (AMCHAM), and European Chamber of Commerce in Viet Nam (EUROCHAM), Thailand Board of Investment (BOI) to attract more foreign investors to Ba Ria-Vung Tau in general and to Phu My 3 SIP in particular. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES JULY 1