Politics

☕ Afternoon briefing on May 8

The following is a brief review of the day’s events as reported by the Vietnam News Agency.

☕ Afternoon briefing on May 8

Hanoi, (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency.

-Prime Minister Pham Minh Chinh has set three major digital transformation targets for the banking sector, including creating the most favourable conditions for people, businesses and agencies to access banking services.

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Prime Minister Pham Minh Chinh addresses the event (Photo: VNA)

At an event on digital transformation in the banking industry held by the State Bank of Vietnam (SBV) in Hanoi on May 8, the PM said digital transformation should contribute to reducing time and compliance cost for people, businesses and agencies and the banking system itself, while helping control risks and prevent corruption. Read full story

- Vietnamese Ambassador to Australia Pham Hung Tam had a meeting on May 7 with Assistant Minister for Foreign Affairs of Australia Tim Watts who expressed his hope to see economic, trade and investment cooperation between the two countries develop commensurate with the new stature of the bilateral comprehensive strategic partnership.

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Vietnamese Ambassador to Australia Pham Hung Tam (R) and Assistant Minister for Foreign Affairs of Australia Tim Watts (Photo: VNA)

The Australian official highlighted the positive development in the Vietnam-Australia relations, especially after Vietnamese Prime Minister Pham Minh Chinh's visit to Australia and the upgrade of bilateral ties to a comprehensive strategic partnership in March.Read full story

-Vietnamese electric vehicles maker VinFast Auto announced it will officially enter the Philippine EV market at the end of May with diverse and smart green mobility solutions, affirming its determination to conquer the regional market.

As one of the pioneering automobile manufacturers with a pure-electric strategy, VinFast has affirmed its reputation with its presence in many international markets such as the US, Canada, Europe and recently Indonesia, India and Thailand. Read full story

- Vietnam exported 83,067 tonnes of pepper worth 352 million USD in the first four months of this year, down 19.4% in volume but up 10.3% in value, the Vietnam Pepper and Spice Association (VPSA) has reported.

The average export price of black pepper was 4,065 USD per tonne and white pepper 5,678 USD per tonne, up 19.4% and 14.5%, respectively, compared to the same period in 2023.Read full story

- Japan's renewable energy firm Erex is going to invest in a 50MW biomass power plant project in Van Yen district, the northern mountainous province of Yen Bai.

Chairman of the Yen Bai provincial People's Committee Tran Huy Tuan presented a decision approving investment policy for the Yen Bai 1 biomass power plant project to Representative Director and President of Erex Co. Ltd Honna Hitoshi in Tokyo on May 8.Read full story

- The Nine Dynastic Urns, housed in the Hue Imperial Citadel in the central province of Thua Thien-Hue, have been inscribed in the Memory of the World Register.

This prestigious recognition was awarded unanimously by all 23 participating countries during the 10th plenary meeting of the Memory of the World Committee for Asia and the Pacific, held in both online and in-person format in Mongolia on May 8.Read full story

-The ceremony marking the 70th anniversary of the Dien Bien Phu Victory, with the French Minister of Armed Forces in presence, has been widely covered in the French media as an action to recall the past but also look toward the future.

Major television channels, including TF1, France Info, Euronews, TV5 Monde, and France 24, all featured the event, which was held in Dien Bien province on May 7 morning (Vietnam time), prominently. The first presence of French Minister of the Armed Forces Sébastien Lecornu and Secretary of State for Veterans' Affairs and Memory Patricia Mirallès at the ceremony was widely interpreted as a gesture of "reconciliation".Read full story

- Vietnam's inbound tourism is experiencing a remarkable resurgence, exceeding pre-pandemic levels as of the late April, signaling a promising season for the sector.

Statistics from the Vietnam National Administration of Tourism (VNAT) showed that in April alone, the country welcomed nearly 1.6 million foreign arrivals, a 58.2% increase compared to the same period last year. This momentum propelled the total number of international arrivals in the first four months of this year to 6.2 million, representing a 68.3% annual growth. This figure surpassed that recorded during the pre-pandemic "golden era" of tourism.Read full story

- Ho Chi Minh City has caught the eye of foreign travelers to earn a spot on a list of Agoda’s top Asian destinations for extended stays.

Ranking seventh on the list, HCM City, famous for its bustling streets, pulses with vibrant energy that is best enjoyed when embraced fully, Agoda said, suggesting visitors step in the rhythm of the locals and experience the city slowing down by enjoying a traditional Ca Phe Sua Da, Vietnamese coffee, in the morning.Read full story/.

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