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Fresh CEO rush shakes up Vietnam’s banking arena, photo Le Toan In February, Shinhan Bank Vietnam named Lee Taekyung, former CEO of Shinhan Bank Cambodia, as new CEO of the local franchise. With 29 years of experience under his belt, Taekyung has been in charge of various positions of strategy, planning, risk management, and marketing, among others. He previously took the helm as head of the Global Business Division of Shinhan Bank Korea and gained working experience at Shinhan Bank America and Shinhan Bank Cambodia. In the latter, Taekyung doubled the size of the bank, including assets, profits, the number of branches, and employees in just two years. “In the ever-evolving financial landscape, customers’ needs will change quickly. We must be a bank that keeps pace with customer changes with customer-oriented value as the top priority,” he noted. “Vietnam is the most important country globally for Shinhan Financial Group, and we sincerely appreciate all of the customers. … [Read more...] about Fresh CEO rush shakes up Vietnam’s banking arena

Among 14 free trade agreements (FTAs) Vietnam has signed, the CPTPP is a new generation FTA with high standards and the highest level of facilitation. Vietnam has been forecast to be one of the members that benefits the most from the deal. However, the country has experienced challenges in optimizing the FTA because of its modest level of development and competitiveness. Due to US-China trade tensions and the impact of COVID-19, the global economy fell into crisis last year with interrupted supply chains. Vietnam also suffered an economic downturn. Therefore, after two years of implementation, the benefits from the CPTPP are still to be seen. Vu Tien Loc, President of the Vietnam Chamber of Commerce and Industry (VCCI), said that positive results in the two years of implementation include the reform of institutions and administrative procedures. Explaining the modest benefits so far, Loc said major reasons include the poor competitiveness of Vietnamese enterprises, market … [Read more...] about Vietnamese businesses look to further optimize opportunities from CPTPP

A ceremony marking the handover was held April 9 at the offices of the 3rd Regional Coast Guard in the southern province of Ba Ria – Vung Tau. Attending the ceremony were Vietnam Coast Guard commander Lieutenant General Nguyen Van Son, U.S. Consul General Marie Damour and other officials, the U.S. embassy said in a Facebook post Saturday. Lt. Gen. Son said that Vietnam highly appreciated the U.S. gesture and considered the event "an important milestone of the Vietnam-U.S. partnership," helping Vietnam improve its law enforcement capacity at sea. The cooperation between the coast guards of both countries has strengthened in recent years. In 2017, the U.S. Coast Guard handed over the Hamilton-class (the second-largest class of vessels in the U.S. Coast Guard) USCGC Morgenthau cutter to the Vietnam Coast Guard under their Excess Defense Articles (EDA) program. The ship was then commissioned for the Vietnam Coast Guard and renamed CSB 8020. The U.S. has also sold a total of 24 … [Read more...] about US hands over training facilities to Vietnam coast guard

According to the National Center for Hydrology Meteorology Forecasting, both the Northern and North- Central regions including the capital city of Hanoi will be likely to experience tropical downpours later today with the average rainfalls of 80-150 mm and possible thunderstorm, lightning, whirlwinds. From tonight, the northeastern region and Thanh Hoa Province will enjoy a cooler climate than previous days. Meanwhile, medium-heavy rains and thunderstorms are predicted for many parts of the Southern region at nighttime as heatwaves are expected to continue. The same weather condition is forecast to hit the Southern coastal provinces and cities from Da Nang to Binh Thuan from April 20-23. Amidst the dangerous weather warnings, the Standing Office of the Central Steering Committee for Natural Disaster Prevention and Control yesterday requested the Steering Committee for Natural Disaster Prevention and Control in the Northern and North- Central provinces to promptly plan … [Read more...] about Downpour, thunderstorm forecast across country, heatwaves continue

Ru Cha is a primeval mangrove forest in the Tam Giang - Cau Hai Lagoon in Thua Thien - Hue Province. Nguyen Ngoc Dap, 77, and his wife Tran Thi Hong, 75, have been living in a 20- square-meter house as the only human residents of the mangrove forest for nearly four decades. "38 years ago, my wife and I left the Thuan Hoa B village to live here and sent our kids to live with relatives. At that time, Ru Cha was really rich with fish and other seafood ," Dap said. Hong shows a photo of her and her husband in their Ru Cha house. An early challenge for the isolated life they had chosen was the lack of freshwater. Dap ha d to go to the village to get freshwater every day. E arly morning, Dap sets off in his small boat to catch fish and shrimp. The couple then take the catch to the Thuan … [Read more...] about Empowered couple lives off the grid for 38 years