The Thai baht has staged a strong recovery against US dollar after suffering a brief sell-off earlier this year, but the Thai Government is increasingly worried that continual strength in the currency could hit exports.
The Communist Party and State of Cuba held a meeting on September 12 to mark 45 years since the first visit by Fidel Castro to Vietnam, with the participation of around 400 delegates, activists and diplomats.
The Vietnam Asset Management Company (VAMC) plans to resolve at least 140 trillion VND (5.95 billion USD) of non-performing loans (NPLs) from now until 2020, of which 34.5 trillion VND will be settled this year.
President Tran Dai Quang and his guest, visiting Indonesian President Joko Widodo, had a meeting with representatives of Vietnamese and foreign media in Hanoi on September 11 to inform them of the outcomes of the talks between the two leaders held earlier the same day.
Vietnam’s stock market will have to pin its hopes on foreign investors to continue recovering in September, said Bernard Lapointe – head of the research division at Rong Viet Securities Corporation.
A new World Wild Fund for Nature (WWF) report finds that ASEAN’s biggest banks are increasingly aware of the impact their businesses have on the environment and society, but are slow to act on the huge potential they hold in addressing climate change and financing sustainable food, energy and infrastructure systems in the region.
Total budget collection in the January-August period was estimated at 871.8 trillion VND (37.3 billion USD), or 66.1 percent of the yearly estimates, an increase of 13.8 percent year on year, according to the Finance Ministry.
A customs bond model for speeding up clearance of goods is required to deal with Vietnam’s complicated administrative procedures and boost its competitiveness, experts told a conference on trade facilitation in HCM City on September 6.
The Hanoi Stock Exchange organised 38 auctions in August, mobilising a total of over 17.3 trillion VND (744.3 billion USD) worth of Government bonds, up 9.9 percent from the previous month.
About 90 percent of social insurance funds are currently invested in government bonds (G-bonds), Dao Viet Anh, Deputy General Director of the Vietnam Social Security (VSS), said at a seminar last week.
The Vietnamese Embassies in Japan and Australia on August 31 organised ceremonies to mark the country’s 73rd National Day (September 2).
Experts on Vietnamese studies gathered at a roundtable themed “Vietnam-Russia relations: Potential and Development” held in Russia by the country’s Vietnam-ASEAN Research Centre on August 30.
Many commercial banks have recently increased deposit interest rates, but experts forecast that the rise will last only a short time and won’t have a domino effect on lending rates.
Hanoi stands ready to share experience and provide support in agriculture and many other sectors for Mozambique, Chairman of the municipal People’s Committee Nguyen Duc Chung has said.
A total of 104.2 trillion VND (4.46 billion USD) had been raised this year by the State Treasury of Vietnam via auctions of Government bonds at the Hanoi Stock Exchange as of August 22.
Efforts of the Ministry of Finance to restructure the Government bond market have turned the bonds into an important capital mobilisation channel for national economic development, stated Phan Thi Thu Hien, head of the ministry’s Finance-Banking Department.
Officials and experts talked challenges and solutions to expand the capital – financial market of Vietnam at a forum in Hanoi on August 21.
Vietnam and Indonesia are looking to promote political and diplomatic relations, towards further deepening their strategic partnership that enjoyed great achievements over the last five years, Vietnamese Ambassador to Indonesia Pham Vinh Quang has said.
