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Vietnam reaffirms priorities in APEC Year 2017
Delivering a speech at a workshop held by the Asia Society Policy Institute in New York, the US on January 20 (Vietnam time), Loc said that Vietnam’s priorities during the year include supporting trade liberalisation and opposing protectionism; enhancing regional connectivity in both basic infrastructure and institution; promoting sustainable and inclusive growth; and assisting small and medium enterprises and women’s involvement in economic development.
The country will foster agricultural development, climate change adaptation, natural resources management and sustainable development in urban areas as well as ensure energy security and effective labour force.
Vietnam will work with financial ministers from APEC member economies to develop markets and provide financial assistance for private enterprises, Loc said.
Speeches delivered at the forum focused on analysing benefits brought by trade liberalisation, and risks from the new US administration’s application of trade protection policy. They also predicted the future of Trans-Pacific Partnership (TPP) agreement.
Anyway, Vietnam will still pursue trade liberalisation, Loc affirmed.
According to Monica Hardy Whaley, Executive Director of the National Centre of Asia-Pacific Economic Cooperation (NCAPEC), APEC 2017 will bring many opportunities to Vietnamese enterprises to promote investment and trade links .
The event will also offer a good chance for other APEC economies to learn from development experience of Vietnam – one of economies boasting the highest growth in the region.
Vietnam to unveil new stock index VNX Allshare
Ho Chi Minh City Stock Exchange. Photo: Diep Duc Minh Vietnam is set to launch the third stock index this October to make it easier to track the performance of the country's two bourses and give the market a major boost, local media have reported. The VNX Allshare is composed of 388 stocks, or half of all the stocks currently listed on Hanoi Stock Exchange and Ho Chi Minh City Stock Exchange. The benchmarks of the two bourses are the HNX and the Vn-Index. The stocks selected for the new… chat_bubble_outline Read More...
The Reverie Saigon featured in international travel magazine
The Saigon Suite at The Reverie Saigon was listed in the’12 Penthouse Perches to Swoon Over’ by Travel + Leisure. The suite was listed amongst 11 other hotel suites from around the globe. The one-of-a kind suite designed by Cassina and Poltrona Frau, two Italian design houses, is a homage to 20th-century design.With stunning views of the sprawling city and the Saigon River, the suite's furnishings include Frank Lloyd Wright wooden barrel chairs, a Le Courbusier lounge chair and a vintage wooden… chat_bubble_outline Read More...
Passerby kills man attacking Arizona police officer
Los Angeles (AFP) - A passing motorist in Arizona was hailed as a hero after killing a man who had shot and wounded a police officer on a remote highway.Trooper Edward Andersson, a 27-year veteran, had stopped to investigate a car crash near Tonopah, around 50 miles west of downtown Phoenix, when he was shot in the shoulder and arm during an ambush attack, the authorities said.The suspect then began slamming the officer's head into the pavement before he was shot and killed by an unidentified… chat_bubble_outline Read More...
Australian teen jailed over foiled plot to set off bomb
MELBOURNE, Australia (AP) — An Australian teenager who was planning to set off a homemade bomb similar to the one used in the Boston Marathon bombings was sentenced on Wednesday to seven years in prison.Victoria state Supreme Court Justice Lex Lasry sentenced the 18-year-old over the foiled plot to set off the device in Australia's second-largest city, Melbourne. The teen had previously pleaded guilty to obtaining documents relating to an improvised explosive device and partially constructing… chat_bubble_outline Read More...
How will three state-owned banks raise charter capital?
Of the three state-owned banks, the largest in the economy, BIDV has the lowest CAR (capital adequacy ratio). There is still room for foreign investors in the bank, but the bank has found it difficult to seek foreign strategic investors in the last few years. Analysts say that Vietnamese commercial banks need to improve capital urgently. The latest report of the State Bank shows that the CAR of the entire banking system is 12.73 percent. However, the ratio of state-owned banks was low at 9.48… chat_bubble_outline Read More...