(VOVworld) - Vietnamese representatives joined some 400 delegates from 30 countries at the 28th Asia-Pacific Roundtable (APR) in Malaysia from June 2-4. The 28th APR includes 10 main working sessions focusing on regional security, defense, peace, and economic growth. Attendees will also discuss opportunities and challenges in building a prosperous Asia-Pacific, security challenges in the East Sea, the post-2015 ASEAN working agenda, Myanmar’s economic and political reforms, and the future of Thai politics. The Vietnamese delegation is led by Nguyen Thai Yen Huong, Deputy Head of the Diplomatic Academy of Vietnam. … [Read more...] about Vietnam attends 28th Asia-Pacific Roundtable
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Vietnam banks topping world are still tempting to Dragon Capital
To get a sense of how Vietnam has emerged from its bad-debt crisis of three years ago, consider the following. Shares of the nation’s three biggest banks have climbed an average 62 percent this year, with Bank for Investment & Development of Vietnam being the best-performing frontier-market stock of 2015. Non-performing loans as a proportion of all lending are about one sixth of their levels from three years ago and loans for real-estate purchases are booming. Little surprise, then, that investors such as Dragon Capital Ltd., the country’s second-biggest asset manager, and Maybank Kim Eng Securities Ltd. are so bullish on Vietnamese banks, even as valuations soar. "Next year, banks will lend more money and profits will take off," said Bill Stoops, who’s been adding bank stocks to the $1.3 billion he helps oversee as chief investment officer at Dragon Capital in Ho Chi Minh City. "There’s still room for further gains." That confidence is testament to … [Read more...] about Vietnam banks topping world are still tempting to Dragon Capital
New US Ambassador arrives in Vietnam, meets President
Ted Osius, the newly-accredited US Ambassador to Vietnam met with President Truong Tan Sang on Tuesday to present his credentials and begin his term in Hanoi. President Sang said Vietnam welcomed Osius and the US House of Representatives’ support for the peaceful resolution of maritime territorial disputes in the East Sea (South China Sea). President Sang also lauded the US’s move to open its door to several Vietnamese fruits next year and expressed his hope that the two sides will complete negotiations on the Trans-Pacific Partnership (TPP). He said Vietnam is anticipating US President Barack Obama’s visit next year and asked US Ambassador Ted Osius to pass along an invitation to former President Bill Clinton and his family. The US Ambassador said President Barack Obama highly values America's relationship with Vietnam. Osius thanked Vietnam for supporting the Fulbright program and suggested that the country continue supporting English-teaching activities here. He … [Read more...] about New US Ambassador arrives in Vietnam, meets President
Vietnam, Laos to celebrate border demarcation
(VOVworld) – Vietnam and Laos will host a ceremony on July 9 to mark the completion of the demarcation of their shared border. The ceremony also celebrates the inauguration of marker No. 460 at the Thanh Thuy-Nam On border crossing between Vietnam's Nghe An province and Laos' Borikhamxay province. Vietnam’s Prime Mister Nguyen Tan Dung and his Lao counterpart Thoongsing Thammavong will attend the ceremony. The completion of border demarcation will promote economic and social development of border areas and symbolize a border of peace, friendship, and cooperation for mutual development. … [Read more...] about Vietnam, Laos to celebrate border demarcation
Vietnam joins gastronomy, culture festival in Berlin
(VOVworld)- Vietnam joined 35 other countries at the 2014 Delicanto gastronomy and culture festival in Brandenburg State, Germany. During the 3-day event which concluded on Monday, foreign friends were introduced to Vietnam’s traditional music, art and food. Pham Viet Chien, Counsellor of the Vietnamese Embassy in Germany, said this year’s Delicanto festival was a great opportunity for Vietnam to promote its cultural identity to foreign friends. … [Read more...] about Vietnam joins gastronomy, culture festival in Berlin