Vietnam expects to create the utmost favorable environment for foreign companies to be successful in the country. Chairman of the National Assembly Vuong Dinh Hue on June 29 held several meetings with executives of UK multinationals, including Prudential, Standard Chartered, Pacific Land, Pearson, and Enterprize Energy. All executives have expressed their good impression and pledged to commit long-term presence in Vietnam. NA Chairman Vuong Dinh Hue and President of Prudential Shriti Vadera. Source: VNA President of Prudential Shriti Vadera said the company's business performance was positive during the Covid-19 pandemic, expressing her delight to be part of Vietnam’s development. Vadera suggested Prudential could further contribute to the country’s economic growth by taking part in the long bond issuance. Chairman Hue welcomed Prudential’s successes in Vietnam, saying insurance corporations remain key partners of the State in Government bond issuance. … [Read more...] about UK multinationals pledge long-term presence in Vietnam
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Vietnam, UK seek closer relations
Vietnam remains supportive and would serve as the bridge for the UK to expand its partnership with ASEAN, calling for the UK parliament to support ASEAN’s central role in the region, as well as Vietnam’s stance on regional security issues. Vietnam and the UK are seeking closer relations at a time when the bilateral strategic partnership has been at its best with strong progress in all spheres. Chairman of Vietnam National Assembly Vuong Dinh Hue and Speaker of the House of Commons of the UK Lindsay Hoyle. Source: VNA The view was shared during a meeting between Chairman of Vietnam National Assembly Vuong Dinh Hue and Speaker of the House of Commons of the UK Lindsay Hoyle in London today [June 29]. According to Hue, trade and investment cooperation between the two countries has benefited from the UK-Vietnam Free Trade Agreement (UKVFTA) that took effect in early 2021. Hue expected both sides to continue taking advantage of the deal to boost bilateral trade … [Read more...] about Vietnam, UK seek closer relations
Vietnam launches Southeast Asia Flash Flood Guidance System, assumes regional hub forecasting role
Vietnam officially launched the Southeast Asia Flash Flood Guidance System (SEAFFGS) on Tuesday morning and assumed the role of being a regional hub in forecasting landslides and flash floods. A section of a road in Mường Tè District, the northern mountainous province of Lai Châu, blocked by to a landslide in July 2021. — VNA/VNS Photo Speaking at the launch event, Director General of the Vietnam Meteorological and Hydrological Administration Trần Hồng Thái said the system is part of the Flash Flood Guidance System with Global Coverage, run by the World Meteorological Organisation (WMO). The system in south-east Asia is expected to create a connection and cooperation between the regional forecasting centres and other forecasting centres in the world, he said. Thanks to the recognition and trust from the Secretariat of the WMO and the member countries of the system in the region, Vietnam Meteorological and Hydrological Administration has been selected as … [Read more...] about Vietnam launches Southeast Asia Flash Flood Guidance System, assumes regional hub forecasting role
Hong Kong daily spotlights Vietnam’s impressive growth
Vietnam has posted GDP growth of 7.72% in Q2 this year. (Photo: VNA) Hong Kong (VNA) – The Lianhe Zaobao daily in Hong Kong, China, on June 30 ran an article highlighting Vietnam’s impressive economic growth of 7.72% in the second quarter. It wrote that with export and consumption recovery, the Vietnamese economy rebounded strongly in Q2, with gross domestic product (GDP) increasing 7.72% year on year – the fastest pace in almost 11 years. This is expected to boost the GDP growth in the first half of 2022 to 6.42% from a year earlier, beyond the Government’s 5.5% expectation. The country recorded a growth rate of only 2.04% in the same period last year. Unveiling the statistics on June 29, the General Statistics Office (GSO) of Vietnam stressed that compared to other ASEAN members and countries in the world, this is a relatively high growth rate, and that the country has also maintained macro-economic stability, according to Lianhe Zaobao. The article noted … [Read more...] about Hong Kong daily spotlights Vietnam’s impressive growth
Vietnam, Japan boost legal and judicial cooperation
Deputy Minister of Justice Nguyen Khanh Ngoc holds talks with visiting Japanese Minister of Justice Furukawa Yoshihisa in Hanoi on June 29. (Photo: VGP) Hanoi (VNA) – Deputy Minister of Justice Nguyen Khanh Ngoc held talks with visiting Japanese Minister of Justice Furukawa Yoshihisa in Hanoi on June 29 to chalk out ways to step up cooperation. Ngoc highly appreciated Furukawa for selecting Vietnam as one of the destinations in his first foreign trip since taking office in October 2021, saying Japan was the first bilateral partner providing technical support for Vietnam in legal and judicial matters, particularly through projects run by the Japan International Cooperation Agency (JICA) in Vietnam since 1996. Japan has been providing Vietnam with assistance in law-making in civil and economic affairs and litigation, as well as capacity building. To further boost the bilateral partnership in the coming time, Ngoc suggested the two sides continue effectively executing … [Read more...] about Vietnam, Japan boost legal and judicial cooperation
Vietnam reaffirms support for U.N. Secretary-General’s appeal for global ceasefire
In her remarks, Ambassador Nguyen Phuong Tra, Charge d'affaires a.i. of Vietnam to the U.N., pointed out that while the COVID-19 pandemic continues to threaten peace and development efforts, conflicts in many regions have led to heavy casualties and growing humanitarian challenges. She held that the international community should give high priority to ensuring compliance with international laws and the U.N. Charter. She also underlined the role of multilateralism and multilateral mechanisms with the U.N. at their center. To promote a ceasefire, it is necessary to boost compliance with Resolutions 2532 and 2565, and relevant resolutions of the U.N. Security Council, Tra said, suggesting a framework be set up to effectively monitor ceasefire agreements in conflict-hit regions. Highlighting Vietnam’s efforts to promote the U.N. Security Council’s adoption of Resolution 2573 on the protection of critical civilian infrastructure in armed conflicts, the ambassador said this issue as … [Read more...] about Vietnam reaffirms support for U.N. Secretary-General’s appeal for global ceasefire
Vacuums, loopholes must be filled in to prevent corruption: Party leader
Party General Secretary Nguyen Phu Trong addresses the national conference held in Hanoi on June 30. (Photo: VNA) Hanoi (VNA) – Party General Secretary Nguyen Phu Trong on June 30 stressed the task of addressing shortcomings and filling in “vaccums” and “loopholes” so as to prevent corruption and negative phenomena. Speaking at a national conference held in Hanoi to review the 10-year combat against corruption and negative phenomena, the Party leader also said fighting corruption is a critically important but also extremely difficult and complicated task that requires resolute, persistent, continuous, and unceasing efforts from all levels and in all sectors and areas. He emphasised that in the combat, it is a must to steer clear of subjectivity and hastiness but adamantly deal with corruption, patiently conduct education, management and deterrence to prevent corruption, while staying vigilant and fighting against hostile forces’ plots that take advantage of the … [Read more...] about Vacuums, loopholes must be filled in to prevent corruption: Party leader