Msb banking term

When the Covid-19 pandemic broke out, Vietnam was in a zero-vaccine state, so it had to implement social distancing to protect people's health and life. Although social distancing was imposed on only 19 southern provinces and cities, Vietnam's economy was affected seriously. The GDP fell from 6.61% in the second quarter to -6.1% in the third quarter of 2021. Strategy changed as vaccines were available. From being at the bottom in terms of vaccination coverage, Vietnam has risen to the top 10 in the world. Now is the time when Vietnam's economy is forecast to have passed its darkest moment. But to resume its growth momentum to the level before the pandemic, support is needed. The Ministry of Planning and Investment, the World Bank and many other organizations forecast Vietnam's GDP in 2022 to be higher than in 2021, but it will still below 6%. That is not enough to achieve the growth target for the 2021-2025 period when GDP of 2020 and 2021 were both below 3%. In … [Read more...] about New support package to help economic recovery post-pandemic

At a working with Ambassador Nguyen Hoang Long in London on January 26, Grimstone spoke highly of Vietnam’s economic achievements and potential. He suggested the two countries intensify mutual understanding and trust building following post-pandemic opening, contributing to enhancing their bilateral cooperation. The two sides reached consensus on cooperation priorities in the coming years, with a focus on such areas as green trade, finance and transformation, renewable energy, education and tourism. For his part, Long said the Vietnam- U.K. strategic partnership is at its best ever and the U.K.-Vietnam Free Trade Agreement (UKVFTA) is opening up new opportunities and bringing pragmatic interests to businesses and people of both sides. Two-way trade hit USD 6.6 billion last year, up more than 17 percent year-on-year, he said, adding that the U.K. is an early investor in Vietnam, mainly in oil and gas, insurance, banking and education, with total capital amounting to over USD 4 … [Read more...] about Vietnam, U.K. forge cooperation in various fields

Over the past five years, USAID has been working closely with Vietnam to foster collective action by local actors. Mission Director of the United States Agency for International Development (USAID) in Vietnam Ann Marie Yastishock on January 28 affirmed that the organization is always willing to help Vietnam fulfill its commitments made at the 26th United Nations Climate Change Conference of the Parties (COP26). “USAID applauds the commitments made by Vietnam’s Prime Minister at COP26, and we are ready to support Vietnam to reach these important goals,” Yastishock said at a signing ceremony on addressing the complex challenges of climate change and environmental pollution through a Memorandum of Understanding (MoU). The MoU was signed by USAID’s Vietnam Mission Director Ann Marie Yastishock and Vice Minister of Natural Resources and Environment (MONRE) Le Cong Thanh in Hanoi on January 28. USAID Mission Director Ann Marie Yastishock (left) and Deputy Minister … [Read more...] about USAID willing to support Vietnam to fulfill its COP26 commitments