Quiz united states capitals

The United States, Australia, Japan, New Zealand and the United Kingdom launched an informal group aimed at boosting economic and diplomatic ties with Pacific island nations, the White House said on Friday. The Biden administration has vowed to commit more resources to the Indo-Pacific as China seeks to boost economic, military and police links with Pacific island nations hungry for foreign investment. The group, dubbed Partners in the Blue Pacific (PBP), will seek to support Pacific regionalism and strengthen economic ties between the Pacific islands and the rest of the world. "We are united in our shared determination to support a region that benefits the peoples of the Pacific. We are also united in how we realize this vision -- according to principles of Pacific regionalism, sovereignty, transparency, accountability, and most of all, led and guided by the Pacific Islands," the White House said. White House Indo-Pacific coordinator Kurt Campbell said on Thursday he expects … [Read more...] about U.S., Japan, Australia, New Zealand and United Kingdom form Pacific group

State President Nguyễn Xuân Phúc presents President Hồ Chí Minh's portraits as gifts to officials and workers in the oil and gas sector with outstanding performance in a meeting held on Saturday in Hà Nội. — VNA/VNS Photo Thống Nhất HÀ NỘI — State President Nguyễn Xuân Phúc on Saturday met 70 officials and workers in the oil and gas sector who stood out in the good and creative labour emulation movement in the 2017-22 period. Despite numerous difficulties in the period, the State-owned Việt Nam National Oil and Gas Group (PetroVietnam) has had over 2,800 initiatives and solutions applied in reality, which have produced a total estimated profit of over US$500 million. The leader said the group, with its over 60,000 workers, has become an economic-technological spearhead that helps ensure sufficient supply of fuel to economic sectors and plays an important role in realising the sea strategy and safeguarding national sovereignty at sea. Affirming that the participants at … [Read more...] about State leader praises outstanding workers in oil, gas sector

At shareholders' meetings in recent years, the common discussion of commercial banks is that they often set credit growth targets much higher than the credit growth target of the whole banking system. However, how much is set depends on the credit limit granted by the State Bank of Vietnam. Usually at the beginning of the year, the State Bank of Vietnam grants a credit room to each commercial bank depending on their state as healthy banks. From the middle of the year onwards, the operators begin to adjust the credit room for commercial banks, based on developments in the economy, operations, and health of the bank. This is to say, that looking at the actual needs of the market, commercial banks can predict their credit growth, but they can only do so within the level allowed by the State Bank of Vietnam. Every year, around the middle of the second quarter onwards, commercial banks mostly step up and race to send applications to the State Bank of Vietnam to ask for more credit room. … [Read more...] about State Bank of Vietnam unwilling to dismantle credit room

The facilities include a purifying water system and a boarding dining room at Sao Mai Kindergarten and a new three-classroom building with necessities. Reportedly, it took the corps over six months to complete the construction of the facilities and the capital came from the Defense Ministry’s “For the needy people” fund. Once operational, the facilities help improve health and studying conditions for local people’s children and provide them with a safe environment to develop. On this occasion, Army Corps 16 also inaugurated a check-up room at the military-civilian clinic of the unit’s Regiment 726 stationed in Quang Truc commune, Tuy Duc district. Translated by Chung Anh … [Read more...] about Military unit boost living standards of local residents

Overhead view of a project under the North-South Highway Project. (Photo: VNA) Hanoi (VNS/VNA) - Nearly 18 months since the introduction of the 2021 Law on Public-Private Partnership (PPP) in Vietnam, it's still difficult to get investors to warm up to PPP projects despite the huge potential for growth, as the country ramps up efforts to build modern infrastructure, said industry experts and policymakers in a meeting in Hanoi on June 21. The Law on Public-Private Partnership was supposed to, in theory, address three major problems endemic in Vietnam’s infrastructure projects; slow progression, overbudget and poor quality. However, according to many in the field, the law has failed to tackle a number of fundamental issues, which has discouraged and hindered investors to commit to infrastructure projects. Dr Tran Chung, President of the Vietnam Association of Road Traffic Investors (VARSI) President, said the relationship between the State and investors, as of right now, was … [Read more...] about Lopsided relationship scares investors off PPP

Illustrative photo. Speaking with Saigon Investment about the credit room, Dr. HO QUOC TUAN, University of Bristol, U.K., said that the world has seen several periods of crisis as currently present today. The general lesson that can be learnt when using credit lines is that many loans will turn into non-bank loans, so it is more difficult to control. When borrowing from banks, there are rules on capital adequacy besides many other regulations. When using the credit tool, the purpose to be achieved is not clear and it is not easy to set specific limits. JOURNALIST: - Sir, what do you think about the State Bank of Vietnam's opinion that if Vietnam removes the credit limit, then banks will race to credit markets, which will then lead to an increase in interest rates to mobilize and lend, thereby affecting the macro currency? Dr. HO QUOC TUAN: - This is not true at all. Because when the Covid-19 pandemic occurred, or even before the pandemic, central banks were not naive to think … [Read more...] about Roadmap needed to remove credit room

In late March, Japan’s Sumitomo Corporation and local BRG Group worked with Danang’s leaders to discuss projects both groups want to deploy in the city. In 2020, Chairman of Danang People’s Committee Le Trung Chinh handed over MoUs on investment cooperation to Sumitomo Corporation and BRG Group to promote investment in a wide range of urban and infrastructure development projects in Danang. According to BRG chairwoman Nguyen Thi Nga, Danang has the full potential for a leading global player like Sumitomo to weigh over opportunities for investment and business expansion. “The board of directors at Sumitomo is solid with their investment orientation in Danang as they have sent several working groups to the city to shape an iconic regional-level project in Danang,” said Nga. Beyond Japanese groups, international investors from various other countries have expressed the desire to make forays into Danang. In a meeting with the city’s management at the end of April, Park In Sung, … [Read more...] about Danang becoming focal point in Central Vietnam investment

About 2.47 quadrillion VND was raised for the State budget in the primary G-bond market over the last 12 years. (Photo: VNA) Hanoi (VNA) – The Government bond market of Vietnam officially became operational at the Hanoi Stock Exchange (HNX) on September 24, 2009. Since then, about 2.47 quadrillion VND (108.5 billion USD) has been raised for the State budget from the primary market to support socio-economic development in the country. More than 206 trillion VND worth of G-bonds has been raised for the State budget annually, accounting for almost 10 percent of total investment in society in 2020 and 28.3 percent of that by the State sector last year. Bond issuance volume up, interest rates down The HNX said that in order to mobilise the above mentioned sum of money, it has organised more than 2,600 auctions, with 60 - 70 percent of the bonds offered successfully sold on average. Notably, interest rates in the G-bond market have declined considerably over the past 12 … [Read more...] about Over 108.5 billion USD raised from primary G-bond market in 12 years

Spokesperson for the Ministry of Foreign Affairs of Việt Nam Lê Thị Thu Hằng during Thursday press briefing held in Hà Nội. — Photo from the ministry HÀ NỘI — Việt Nam on Thursday denounced China’s illegal military exercise in the Hoàng Sa (Paracel) archipelago as a serious violation of its sovereignty over the South China Sea Island chain. The spokesperson for the Vietnamese Ministry of Foreign Affairs Lê Thị Thu Hằng made the remarks during a press briefing in Hà Nội, in response to requests for a reaction to the announcement from China’s Hainan Province’s Department for Ocean Affairs about a June 19 drill in the waters off of Phú Lâm (Woody) Island, part of Hoàng Sa, which Việt Nam claims as its own. The military drill “goes against the spirit of the Declaration of the Conduct of Parties in the South China Sea (DOC), complicates the situation, is not conducive to the ongoing negotiations between China and the Association of Southeast Asian Nations (ASEAN) on the Code of … [Read more...] about Việt Nam denounces China’s military drill, asserts sovereignty over island chains in South China Sea

The House voted 234-193 for the bill. No Democrats were opposed, while 14 Republicans backed the measure. It was supported by major law enforcement groups and its passage was a rare defeat for U.S. gun manufacturers and the National Rifle Association. House action followed a late Thursday Senate vote of 65-33 to pass the bill, with 15 Republicans, including Senate Minority Leader Mitch McConnell, in favor. Biden will sign the bill on Saturday morning, the White House said. Gun control has long been a divisive issue in the United States with multiple attempts to place new controls on gun sales failing time after time until Friday. The bill does not go as far as Democrats, including Biden, had sought. It includes provisions that would help states keep guns out of the hands of those deemed to be a danger to themselves or others and close the so-called boyfriend loophole by blocking gun sales to those convicted of abusing unmarried intimate partners. However, it did not ban sales … [Read more...] about U.S. House passes gun-safety legislation as court expands gun rights