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Listing of candidates for upcoming elections being sped up Preparations for the elections, scheduled for May 23, are being sped up. (Photo: VNA) As of April 18, a third consultative conference had been held at local and central levels to select eligible candidates for the elections of deputies to the 15th National Assembly and member of People’s Councils for 2021-2026. The meeting held by the Presidium of the Vietnam Fatherland Front Central Committee adopted a list of 205 candidates for the upcoming election of deputies to the 15th legislature. Making and announcing such lists are among the tasks for local agencies and organisations, as assigned by the National Election Council (NEC). The lists must be sent to the National Election Committee and all-level election committees by April 23 (30 days ahead of the elections), so that the NEC and the all-level election committees will officially announce the candidates at constituencies. The listing of candidates … [Read more...] about VIETNAM NEWS HEADLINES APRIL 20

Foreign investment into Vietnam up sharply One of the bright spots in the economy during the first quarter of this year was the positive results in FDI attraction and disbursement. Figures show that, in the first 3 months of the year, total foreign investment reached over 10 billion USD, up 18.5% over the same period of last year. After 5 years of operations, with steadily increasing output, the company built more factories earlier this year to meet the needs of production expansion. The average size of both newly-licensed projects and those adding capital increased strongly year-on-year, which was the main reason behind the strong increase in FDI. Another positive in the first quarter was that disbursed capital rose 6.5% year-on-year. It is forecast that FDI attraction will continue to be positive in the context of many investors shifting the location of their investment and major investors in the country expanding existing projects./. Property giants rush to develop … [Read more...] about VIETNAM BUSINESS NEWS APRIL 20

New York – The freshly-concluded High-level Open Debate on "Cooperation between the UN and regional organisations in enhancing confidence-building and dialogue in conflict prevention and resolution" chaired by Vietnamese President Nguyễn Xuân Phúc in his capacity as President of the United Nations Security Council (UNSC) in April 2021 has been highly evaluated by the international community. Ambassador Olof Skoog, head of the EU Delegation to the UN, said “it was a very good debate.” The EU side is “very strong supportive of the UN,” the ambassador told the Vietnam News Agency (VNA)’s correspondents in New York. The UN needs support as it “cannot do everything everywhere by itself,” he said, highlighting the important role of regional organisations in conflict prevention and resolution since they have trust and confidence among parties in conflict. “So as long as they always follow the UN Charter, respect the international law, I think that's kind of locally driven … [Read more...] about UNSC high-level debate chaired by Việt Nam lauded

Ambassador Olof Skoog, head of the EU Delegation to the UN, said “it was a very good debate.” The EU side is “very strong supportive of the UN,” the Ambassador told the Vietnam News Agency (VNA)’s correspondents in New York. The UN needs support as it “cannot do everything everywhere by itself,” he said, highlighting the important role by regional organisations in conflict prevention and resolution since they have trust and confidence among parties of conflict. “So as long as they always follow the UN Charter, respect the international law, I think that kind of locally driven diplomacy,” he said. Ambassador Anouparb Vongnorkeo, Permanent Representative of Laos to the UN, stressed that Vietnam has played an increasingly important role in the UN, especially the UNSC. According to the Lao Ambassador, the matters proposed by Vietnam in the debate are significance as they look towards to promoting cooperation within the UN as well as between the UN, notably the UNSC, with regional … [Read more...] about Int’l community lauds UNSC’s high-level open debate chaired by Vietnam

Global M&A dealmaking has got back its momentum in the first quarter. Photo: Shuttlerstock According to the first-quarter global review by Refinitiv, a global provider of financial market data, mergers and acquisitions (M&A) activity hit $1.3 trillion globally in the period, an increase of 94 per cent compared to the same period in 2020. Cross-border activity more than doubled and was the strongest opening quarter for cross-border deals on record, with the technology, financial, and industrial sectors accounting for almost half of cross-border M&A. Meanwhile, an EY Global Capital Confidence Barometer survey of more than 2,400 executives in 52 countries found that over half of corporates are looking to actively pursue M&A in the next 12 months – the highest since 2012 and beating the 11-year average of 44 per cent. In particular, almost half (46 per cent) of corporates expect that Southeast Asia will generate the most growth prospects and opportunities for their … [Read more...] about M&A on cusp of post-COVID-19 surge