Foreign loan

Australian Ambassador to Vietnam Robyn Mudie shared her favorite pho ga with Foreign Minister Wong and chef Sam Tran during the minister’s visit to Vietnam, the Australian Embassy in Hanoi wrote in a Facebook post Monday. "The Foreign Minister heard from Sam on the history and significance of pho and how to eat pho in the traditional Hanoian style, and the three shared views on Australia and Vietnam's strong people-to-people links." Pho , an iconic dish of Vietnam, is a bowl of flat, soft rice noodles dipped in a fragrant beef or chicken broth flavored with different condiments. It is served with beef or chicken, shallots and chili and lemon to taste. Wong was Australia's first Minister for Climate Change in 2007-10 and Minister for Finance in 2010-13. She became foreign minister last month. Vietnam and Australia established diplomatic relations in 1973 and became strategic partners in 2018. … [Read more...] about Australian foreign minister enjoys chicken noodle soup in Hanoi

The central bank is seeking feedback on its draft circular that sets stricter conditions for real estate loans as a measure to mitigate speculation and risk of a bubble burst. If projects have not yet become legally eligible, there is a high possibility of customers and owners canceling the contract over the failure in acquiring needed permits. This will complicate commercial banks’ management of capital and potentially pose risks to the economy, the central bank argues. Le Hoang Chau, chairman of the Ho Chi Minh City Real Estate Association (HoREA), deemed the move "necessary", noting that loans are still allowed for projects that meet legal requirements. "The draft not only helps protect customers’ rights and benefits, but also build a healthier real estate market," Chau said. Tran Khanh Quang, director of property developer Viet An Hoa, estimated that around 20 percent of homebuyers pay their deposits with loans. The approval process for these loans have been tightened in … [Read more...] about No home loans against legally incomplete projects: central bank

President Nguyen Xuan Phuc receives Australian Minister for Foreign Affairs Penny Wong (Photo: VNA) Hanoi (VNA) - President Nguyen Xuan Phuc hosted a reception for visiting Australian Minister for Foreign Affairs Penny Wong in Hanoi on June 27. Welcoming Wong’s visit, President Phuc expressed his belief that it will make important contributions to promoting the strategic partnership between Vietnam and Australia. He congratulated Australia on its successful organisation of the federal election and establishment of a new government led by Prime Minister Anthony Albanese, affirming that Vietnam always treasures and works hard to foster its relations with Australia - a strategic partner in the South Pacific region, and a comprehensive strategic partner of the Association of Southeast Asian Nations (ASEAN). Briefing the guest on Vietnam’s achievements in fighting the COVID-19 pandemic and switching to a new period of safely and flexibly adapting to and effectively … [Read more...] about President receives Australian Minister for Foreign Affairs

Australian foreign minister Penny Wong is welcomed by her Vietnamese counterpart Bùi Thanh Sơn on Monday. — VNA/VNS Photo Lâm Khánh HÀ NỘI — Vietnamese foreign minister Bùi Thanh Sơn on Monday welcomed his Australian counterpart Penny Wong on her official visit to Việt Nam. Việt Nam is the first Southeast Asian country Wong paid a visit to after assuming the Australian Minister of Foreign Affairs position. Congratulating Australia on its success in the federal election and COVID-19 vaccination campaign, Minister Sơn believes that Wong’s visit will further promote the strategic partnership between the two countries. Việt Nam and Australia will soon commemorate the 50th anniversary of the establishment of their diplomatic relations in 2023. The Vietnamese foreign minister also expressed his gratitude to the Australian government for their prompt support in providing COVID-19 vaccines and medical equipment for Việt Nam, particularly the 14.4 million doses for children, which … [Read more...] about Concrete actions are important to shared prosperity: Australian foreign minister

Three bright points The first bright point in the five-month FDI picture is the disbursement of US$7.71 billion, a year-on-year increase of 7.8 percent. The Foreign Investment Agency of the Ministry of Planning and Investment attributed this positive result to the continuous and effective support of the government and relevant state authorities, the business community’s efforts, and the recovery of the Vietnamese economy. Binh Duong Province hands over investment certificates to businesses Although the amount of FDI capital attracted in the first five months was 16.3 percent lower than that in the same period last year, the increased disbursement reflected Vietnam’s attractiveness to foreign investors. The second bright point is the strong increase in the number of projects and the amount of registered capital. Specifically, 395 projects registered capital increases totaling more than US$5.61 billion, up 15.5 percent in the number of projects and 45.4 percent in … [Read more...] about Five-month foreign investment highlights

Prime Minister Phạm Minh Chính on June 27 receives Australian Minister for Foreign Affairs Penny Wong, who has been on a three-day official visit to Việt Nam. VNA/VNS Photo Dương Giang HÀ NỘI – Prime Minister Phạm Minh Chính and President Nguyễn Xuân Phúc on Monday received Australian Minister for Foreign Affairs Penny Wong, who has been on a three-day official visit to Việt Nam. Praising Australia’s successes in the federal election, COVID-19 vaccination and economic recovery, PM Chính thanked the nation for its provision of COVID-19 vaccines, medical equipment and supplies for Việt Nam during the fight against the pandemic, particularly 14.4 million doses of vaccine for Vietnamese children. The PM also lauded the strong growth of the Việt Nam-Australia strategic partnership. The exchange of high-level delegations and meetings have been held regularly between the countries; bilateral trade hit US$12.4 billion in 2021;  Việt Nam began investing directly in Australia; and the two … [Read more...] about Leaders receive Australian Minister of Foreign Affairs

At the talks (Photo: Vietnam's Ministry of Foreign Affairs) Hanoi (VNA) – Minister of Foreign Affairs Bui Thanh Son and his Australian counterpart Penny Wong held talks on June 27 as part of the latter’s ongoing official visit to Vietnam from June 26-28. Welcoming his guest’s decision to choose Vietnam as the first destination to visit after taking office and praising Australia’s recent achievements serving its post-pandemic recovery, Son said he believes Wong’s trip will contribute to creating new dynamics in promoting the countries’ strategic partnership towards the 50th anniversary of their diplomatic relations in 2023. The minister thanked Australia for its prompt provision of vaccine and medical equipment and supplies for Vietnam during the fight against COVID-19, particularly 14.4 million doses for local children. Wong affirmed that Australia always attaches great importance to Vietnam's role in the region and its new Government will continue strengthening the … [Read more...] about Vietnamese, Australian foreign ministers hold talks

Prime Minister Pham Minh Chinh (R) and Australian Minister for Foreign Affairs Penny Wong (Source: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh on June 27 received Australian Minister for Foreign Affairs Penny Wong, who has been on a three-day official visit to Vietnam. Praising Australia’s successes in the federal election, COVID-19 vaccination and economic recovery, PM Chinh thanked the nation’s provision of COVID-19 vaccines, medical equipment and supplies for Vietnam during the fight against the pandemic, particularly 14.4 million doses of vaccine for Vietnamese children. The PM also lauded the strong growth of the Vietnam-Australia strategic partnership. The exchange of high-level delegations and meetings have been held regularly between the countries; bilateral trade hit 12.4 billion USD in 2021; Vietnam began investing directly in Australia; and the two nations approved the Vietnam-Australia Enhanced Economic Engagement Strategy and a joint statement on … [Read more...] about Prime Minister hosts Australian Minister for Foreign Affairs

Mr. Phan Van Mai, Chairman of the HCMC People's Committee (R)  talks with investors. (Photo: SGGP) At the conference, Mr. Phan Van Mai, Chairman of the HCMC People's Committee, said that the city wants to listen to the opinions of investors, including their proposals, for authorities to prepare the legal frameworks, orientations, and conditions for enterprises to develop in the future. “Besides attracting new investments, we also need to restructure existing ones. The city is responsible for creating the space, legal framework, and conditions to support enterprises to increase the value of projects," Mr. Phan Van Mai emphasized. Since its establishment in 2002, SHTP Management Board has granted investment registration certificates to 163 projects, with a total investment capital of over US$12 billion. Of which, FDI capital is over $10.1 billion, and domestic capital is over $1.96 billion. The accumulated total value of high-tech production of the SHTP is estimated at $120.307 … [Read more...] about HCMC pledges to facilitate enterprises to increase value in SHTP

The Australian top diplomat said the ties between the countries run deep. Australian Foreign Minister Penny Wong today [June 27] met with Vietnamese counterpart Bui Thanh Son in Hanoi as part of her three-day visit to affirm the new Australian government’s commitments to continue the Strategic Partnership with Vietnam. Vietnam's Foreign Minister Bui Thanh Son (R) and Australia's Foreign Minister Penny Wong in Hanoi on June 27. Photos: Baoquocte In the visit which was made one month after she was sworn in as Australian Foreign Minister, Wong affirmed the role of Vietnam in the regional architecture and the two countries in the regional peace and security. In Vietnam, Wong will meet with President Nguyen Xuan Phuc, Prime Minister Pham Minh Chinh, and Chairman of the CPV Central Committee’s Commission for External Relations Le Hoai Trung. Her trip comes ahead of next year’s 50th anniversary of diplomatic relations between Vietnam and Australia. Before the … [Read more...] about Penny Wong arrives in Hanoi, affirming new Australian cabinet relations with Vietnam