Updated vietnam news

However, expectations were high but global governance did not produce the expected results for many large countries, as well as small and medium developing countries. The biggest "shock" for global governance is President Donald Trump's strategy with the priority of "Make America Great again!" (MAGA). On September 24, 2019, in his remarks to the 74th session of the United Nations General Assembly, President Trump declared: "The future does not belong to globalists. The future belongs to patriots" - essentially nationalists who are called by another beautiful name. … [Read more...] about The world in the post-Covid-19 era (Part 4)

Hanoi (VNA) – The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) planned to increase its chartered capital from its accumulated profits or paying dividend by stocks. The plan is being completed by the competent State agencies to complete the legal procedures for implementation. Chairman of VietinBank’s Board of Directors Le Duc Tho made the statement at its 2020 annual general meeting of shareholders held in Hanoi on May 23. “The capital raising requirement of VietinBank is extremely urgent. Unlike other commercial banks, VietinBank could not raise capital through additional issuance solutions to investors due to its limitations: State ownership in joint stock commercial banks having State capital must not be less than 65 percent while the foreign investors' ownership percentage is a maximum of 30 percent," he said. This year, the bank was assigned a credit growth limit of 8.5 percent by the State Bank of Vietnam (SBV). However, if the … [Read more...] about VietinBank plans to increase chartered capital

WB: EVFTA could lift Vietnam’s exports by 12 percent by 2030 The World Bank (WB) has predicted that the EU-Vietnam Free Trade Agreement (EVFTA) could help Vietnam’s GDP and exports grow 2.4 percent and 12 percent, respectively, by 2030, the Ministry of Industry and Trade (MoIT) has reported. … [Read more...] about VN Trade Ministry sets up working groups for EVFTA