Textile sector

A women harvests avocado in the Central Highlands province of Dak Nong. — VNA/VNS Photo The banking sector needs solutions to provide more funding for agriculture and rural areas to ensure sustainable development, according to experts. The statement was made at the workshop ‘Pro-poor Rural and Agriculture Finance Best Practices: Experiences of Viet Nam’ held by the Viet Nam Bank for Social Policies (VBSP), the Asia-Pacific Rural and Agricultural Credit Association and the International Fund for Agriculture Development in Ha Noi on Wednesday. The Party, the Government and the banking sector have always paid special attention to finance for farming areas in Viet Nam, Dao Minh Tu, deputy governor of the State Bank of Viet Nam (SBV) told the workshop. In addition, the Government and the SBV have directed preferential credit programmes for agriculture and countryside areas in domestic credit institutions, he said. Since 2006, credit programmes of the banking sector for … [Read more...] about Banking sector works on funding for farmers

Thai Prime Minister Prayut Chan-o-cha In his speech delivered at the CLMVT forum in Bangkok on June 24, the PM said despite the CLMVT region becoming a main player in the global value chain, the region faces threats from rapid technological development and geopolitics. These new technologies will render the existing production network, he said. According to Prayut, contract manufacturing and production will slowly decline as new production networks in different regions, which embrace the modern value chain, take their place. In terms of geopolitical threats, countries in the region must have effective risk management in place to cope with the changes in the global market, he added. The sectors most vulnerable to disruption are agribusinesses, textiles, automobile, and electronics, all traditional strengths of the CLMVT region, he said, adding the service industry within the CLMVT region will also be affected by these trends. He urged the governments to work together to support … [Read more...] about Thailand calls for regional countries’ modernization to increase competitiveness

Each of the students will enjoy the opportunity of receiving the Honda YES Plus Award worth US$10,000 if they choose to study abroad in Japan. Alternatively, they could earn US$7,000 if they accept and participate in internships at universities, research institutes, laboratories, or companies throughout Japan for a period of between two and a half months to a year for a total of four years starting from the date on which they won the award. Upon successful completion of the internship period, if the candidate is able to return to Japan to study for a Master's and PhD degree, he or she will receive an additional US$3,000 for academic and research work. Le Huu Phuc, Deputy General Director of Honda Vietnam, said that with the desire to seek and develop young talent throughout the field of science and technology, since 2006, the Honda Foundation of Japan working in collaboration with Honda Vietnam and the Ministry of Science and Technology have jointly deployed the Honda YES award for … [Read more...] about Honda honours young Vietnamese engineers and scientists

Nguyen Nhat Huyen, the commercial deputy director of the Northern Helicopter Company, noted that with the launch of the "Red River HeliTour" from Gia Lam airport, visitors will be able to experience flying on a light, modern helicopter which was manufactured by the US firm Bell. The Red River HeliTour offers visitors the chance of viewing beautiful landscapes through the spacious glass of a Bell 505 aircraft from a height. Notable landmarks on a tour include Long Bien bridge, Bat Trang pottery village, the Ecopark urban area, and Vinhomes Riverside residential area. Le Quoc Khanh, Deputy General Director of Vietnam Helicopter Corporation, said that operating in the field of aviation sector under the Ministry of Defense, the firm has great potential to help develop the tourism industry nationwide due to the country’s numerous beautiful landscapes which are internationally recognised as "natural wonders" and sites of "world cultural and natural heritage". The enterprise has … [Read more...] about New air service offers spectacular views of Red River

HDBank has won the awards for Best Cash Management Service and Best Trade Finance Bank in Viet Nam from prestigious financial magazine Asiamoney.— Photo HDBank HDBank has won the awards for Best Cash Management Service and Best Trade Finance Bank in Viet Nam from prestigious financial magazine Asiamoney. Since 2012 the bank has been winning the award, underlining its superiority in cash management and trade finance. In the cash management services category, HDBank won the prizes for Best Cash Service Bank in Viet Nam and Best Bank for Technology in Cash Management. In trade finance, HDBank won the award for Best Trade Finance Service and is the market leader in this sector in Viet Nam. Its cash management activities have been highly rated since it offers a full suite of services meeting corporate customers demands related to management of their cash flows at all levels. In addition to cash management services, HDBank has also designed a variety of trade finance products to … [Read more...] about HDBank wins 2 major awards