According to a representative of VinaPhone, following the direction of the Ministry of Information and Communications, the network operator has sent messages to 100% of its subscribers nine times. To the subscribers in Vinh Phuc, VinaPhone sent messages four times from February 16 to 19. This activity continued to February 24 with a frequency of once a day. … [Read more...] about Operators send warning messages and instructions on COVID-19 prevention
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"Shincheonji contributed significantly to the sharp rise in the number of patients in Korea," Won Suk-choi of the division of infectious diseases at the Korea University College of Medicine, told the BBC, but he also warns that "the situation Korea is currently experiencing can happen anywhere in the world". … [Read more...] about Coronavirus: Why did infections shoot up South Korea?
Hanoi (VNA) – The Vietnamese banking sector, now undergoing drastic restructuring, will have more opportunities to improve its financial capacity as well as learn modern business models and management from their European partners after the EU-Vietnam Free Trade Agreement (EVFTA) takes effect, according to insiders. The sector will become more attractive to European investors than ever before as Vietnam has pledged to allow them to hold up to 49 percent of charter capital at two Vietnamese banks. The maximum rate of foreign ownership is now capped at only 30 percent. The offer will be applicable to only joint stock banks, excluding BIDV, Vietinbank, Vietcombank and Agribank, in five years. European credit institutions must comply with Vietnam’s regulations on procedures for mergers and acquisitions, as well as safe and competitive conditions, comprising limits on shareholding rate for individual and institutional investors on the basis of national treatment. Currently, … [Read more...] about Banking sector to cash in on benefits from EVFTA
Phnom Penh (VNA) - A free trade agreement (FTA) between Cambodia and China is expected to be finalised in November in a move to boost trade between the two countries, the Phnom Penh Post reported. During bilateral talks from January 20-23 last year in Beijing, Cambodian Prime Minister Hun Sen and his Chinese counterpart Li Keqiang greenlighted a feasibility study on the potential free trade agreement which aims to boost bilateral trade to 10 billion USD by 2023. The first round of negotiations was presided over by Secretary of State of the Cambodian Ministry of Commerce Sok Sopheak and Chinese Assistant Minister of Commerce Ren Hongbin. Earlier this week, PM Hun Sen encouraged all stakeholders to increase production capacity and expand products in order to boost exports to China before the FTA comes into force. Late last month, Deputy Secretary General of the Garment Manufacturers Association in Cambodia Kaing Monika said the moves towards an FTA come at a crucial time for … [Read more...] about Cambodia expects to finalise FTA with China in November
Hanoi (VNA) – Vietnam’s wood exports to the European Union (EU) is likely to reach 1 billion USD after the recently ratified EU-Vietnam Free Trade Agreement (EVFTA) takes effect, according to market watchers. This is thanks to the provision that after the move, 90 percent of Vietnamese wood products to the market will be subjected to the zero percent import tax rate, said Secretary General of the Ho Chi Minh City Handicraft and Wood Industry Association (HAWA) Nguyen Chanh Phuong. In 2019, Vietnam exported nearly 700 million USD worth of wood products to the EU – an important supplier of wood material for the Southeast Asian country. The EVFTA was ratified on February 12 by the European Parliament (EP) along with the EU-Vietnam Investment Protection Agreement (EVIPA). The two documents were signed in Hanoi on June 30 last year, including intensive, extensive and comprehensive commitments covering economy, trade, investment and sustainable development issues. The … [Read more...] about Vietnam’s wood exports to EU likely to reach 1 billion USD thanks to EVFTA