Party General Secretary and President Nguyen Phu Trong on July 19 sent his greetings to Belgium’s King Philippe I on the occasion of the Belgian National Day (July 21) (Photo: baoquocte.vn) The same day, Prime Minister Nguyen Xuan Phuc sent greetings to his Belgian counterpart Charles Michel. On the special occasion, Deputy PM and Foreign Minister Pham Binh Minh also did the same to Deputy PM and Foreign Minister of Belgium Didier Reynders. Since Vietnam and Belgium set up diplomatic ties in 1973, bilateral partnership has continued to grow. The two countries have held high-level meetings and visits regularly, while also supporting each other at international forums. Economic and trade cooperation has played a key role in bilateral ties. Two-way trade hit 2.8 billion EUR (3.1 billion USD) in 2018 while Belgian investors have poured more than 900 million USD in Vietnam. Many Belgian firms have contributed to Vietnam’s sustainable development via building green … [Read more...] about Greetings sent to Belgian leaders on National Day
VN-Index finishes the week on a positive note
Inside a lab of DHG Pharmaceutical JSC (HoSE: DHG). The pharmaceutical sector is among the industries luring investors' attention on expectations they will release good earnings reports in a few weeks. - Photo baodautu.vn HÀ NỘI – Vietnamese shares picked up on Friday as market sentiment turned positive again during the earnings season, following an official comment from a Fed official. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange rose 0.64 per cent to close at 982.34 points. It recovered from the 0.66 per cent drop recorded on Thursday. The VN-Index gained a total of 0.71 per cent this week. Banks and other large-cap stocks were the main driving force of the market on Friday. The large-cap VN30-Index surged 1.15 per cent to end the session at 880.79 points. Twenty-three of the 30 largest stocks by market capitalisation and trading liquidity in the VN30 basket advanced. Among the best-performers in the VN30 basket were … [Read more...] about VN-Index finishes the week on a positive note
Politburo warns former deputy PM
Former deputy prime minister Vũ Văn Ninh. VNA/VNS Photo HÀ NỘI A former top politician has been warned over his mistakes while in office. The Political Bureau of the Communist Party of Việt Nam Central Committee on Friday issued a disciplinary warning against Vũ Văn Ninh, former member of both Party Central Committee and Government’s Party Civil Affairs Committee and former deputy prime minister. The decision was made during a Politburo meeting held in Hà Nội, chaired by Party General Secretary, President Nguyễn Phú Trọng. According to the Politburo, as a member of the Party Central Committee and the Government’s Party Civil Affairs Committee and Deputy PM in charge of business innovation from August 2011 to April 2016, Ninh signed documents allowing the equitisation and divestment of State capital from Quy Nhơn Port JSC and Quảng Ninh Port JSC. He … [Read more...] about Politburo warns former deputy PM
ADB maintains Viet Nam’s 2019 growth forecast at 6.8 per cent
Farm produce from the northern region is introduced at a fair in HCM City yesterday. The fair aims to boost consumption of produce made by co-operatives in northern localities and the Mekong Delta province of Đồng Tháp. VNA/VNS Photo Xuân Anh HÀ NỘI – The Asian Development Bank (ADB) kept its growth projections for Việt Nam at 6.8 per cent for 2019 and 6.7 per cent for 2020 in a report released on Thursday. Meanwhile, the US remained the largest export market for Việt Nam, with exports growing by 28 per cent in the first five months over the same period last year. … [Read more...] about ADB maintains Viet Nam’s 2019 growth forecast at 6.8 per cent
Technological progress produces mixed results in rural areas
Việt Nam’s Business & Economics Research Conference 2019 is the premier Vietnamese conference for academics, policymakers, practitioners and postgraduate students. Photo courtesy of HCM City Open University HCM CITY — Urban technological progress raises the competitive advantage of urban firms over rural firms in product market competition, and can lead to a brain drain in rural areas, Oudom Hean of Ohio State University in the US said at a conference in HCM City. Speaking at the Việt Nam’s Business & Economics Research Conference 2019 held on July 18-20, Hean explained that technological progress in both urban and rural areas increases productivity and leads to higher wages. However, according to Hean, such progress has a mixed impact on rural areas. “Progress in urban technology also exerts an ambiguous effect, a brain drain, on the rural labour … [Read more...] about Technological progress produces mixed results in rural areas