Lao Prime Minister Thongloun Sisoulith (Photo: VNA) Vientiane (VNA) – Lao Prime Minister Thongloun Sisoulith hosted a reception in Vientiane on December 6 for a delegation of the Vietnamese Ministry of Culture, Sports and Tourism led by Minister Nguyen Ngoc Thien who have been on a two-day working visit to Laos. At the meeting, PM Thongloun spoke highly of the outcomes of the earlier talks between Lao Minister of Information, Culture and Tourism Kikeo Khaykhamphithoune and Minister Nguyen Ngoc Thien. He congratulated Vietnamese athletes on their outstanding achievements at the ongoing 30th Southeast Asian Games (SEA Games 30) in the Philippines and Vietnam on welcoming 15 million foreign visitors this year. Laos wants to learn from Vietnam’s experience in tourism development to turn tourism into an important economic sector of the country in the coming time, he said. In reply, Thien affirmed that his ministry is willing to share experience and bolster … [Read more...] about Vietnam, Laos enhance cooperation in culture, sports, tourism
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Startups catching the eye
Vietnam's emerging startup scene is proving to be a case of right place, right time for local and international venture capital funds. Eleven “rising star” startups in Southeast Asia in September converged at the “500 Startups Demo Day” in Ho Chi Minh City to spotlight the dynamic technology landscape in Vietnam and broader Southeast Asia. “There’s more hype about Vietnam’s tech scene now than ever before, as this is an exciting time for Vietnam overall,” said Mr. Eddie Thai, General Partner at 500 Startups Vietnam. “Vietnam is fast becoming an attractive destination for local and international venture capital funds, who are hoping to capture the growing consumer opportunities and leverage the Vietnamese entrepreneurial spirit.” Rising appetite Vietnam’s startup sector is growing at a rapid clip despite the global economic slump and is closing the gap with regional leaders. In only two years, it has made a big leap … [Read more...] about Startups catching the eye
VN banks warned about risks of real estate corporate bonds
The State Bank of Viet Nam (SBV) has instructed local banks to better control risks in corporate bond investment, especially bonds of real estate firms. According to the SBV, after reviewing the business performance of banks in the first half of this year, it saw the corporate bond investment of some banks facing risks as the ratio of such investment was high and is continuing to rise. Notably, the amount of bond investment in construction and real estate firms at some banks accounted for a large proportion of the banks’ total assets while the real estate market has not yet recovered firmly and the business performance of realty firms still faces many difficulties. In addition, some banks also invested in bonds with other purposes, such as to restructure debts of issuers, which have high risks. In order to ensure the safety of the banking system and limit risks in corporate bond investment, under the direction, SBV required banks to review their internal regulations related to … [Read more...] about VN banks warned about risks of real estate corporate bonds
DPM Hue to visit U.S., Brazil, Chile next week
Deputy PM Vuong Dinh Hue, head of the Steering Committee for international economic integration, will pay official visits to the U.S., Brazil and Chile from June 25-July 6. Deputy PM Vuong Dinh Hue He will be accompanied by Minister of Transport Nguyen Van The, deputy head of the Central Economic Commission Tran Sy Thanh, Deputy Minister of Foreign Affairs Ha Kim Ngoc, Deputy Minister of Planning and Investment Vu Dai Thang, Deputy Minister of Industry and Trade Do Thang Hai, Deputy Minister of Finance Huynh Quang Hai, Deputy Minister of Agriculture and Rural Development Ha Cong Tuan, Deputy Governor of the State Bank of Viet Nam Nguyen Thi Hong and Vice Chairman of the Government Office Nguyen Sy Hiep. The Deputy PM’s official visit to the U.S. from June 25-27 aims to maintain and enhance the two countries’ diplomatic relations, affirming Viet Nam’s wish to accelerate cooperation with the U.S. within the Comprehensive Partnership, and seeking ways … [Read more...] about DPM Hue to visit U.S., Brazil, Chile next week
The Hong Kong Institute of Housing becomes one of the Recognized Professional Bodies of the Property Management Services Authority
HONG KONG, CHINA - Media OutReach - 6 December 2019 - The Hong Kong Institute of Housing ("HKIH") is proud to become one of the Recognized Professional Bodies (RPBs) of the Property Management Services Authority ("PMSA"). Since the enactment of the Property Management Services Ordinance (Cap. 626) ("PMSO") by the Legislative Council on 26 May 2016, HKIH has been very involved in all consultations/discussions relating to PMSO subsidiary legislations formulation. Among which, HKIH took the lead in gathering views and suggestions from its professional members and other closely related professional institutions/associations in order to attain comprehensive and feasible recommendations for PMSA's serious consideration. Recently, representatives from HKIH were also invited to attend and offer professional and pragmatic advice during a code of conduct (general and conclusive) focus group meeting in August 2019. HKIH is proud to become one of the first batch of RPBs … [Read more...] about The Hong Kong Institute of Housing becomes one of the Recognized Professional Bodies of the Property Management Services Authority