WB, Japan support greater access to legal services for the poor in Vietnam
The World Bank (WB) and the State Bank of Vietnam (SBV) on July 26 signed an agreement on the provision of a 2.5 million USD grant from the Japan Social Development Fund to finance a project that will strengthen the delivery of legal aid services to vulnerable groups in the northern part of Vietnam, focusing on Dien Bien and Yen Bai provinces.
Hanoi (VNA) - The World Bank (WB) and theState Bank of Vietnam (SBV) on July 26 signed an agreement on the provision of a 2.5million USD grant from the Japan Social Development Fund to finance a projectthat will strengthen the delivery of legal aid services to vulnerable groups inthe northern part of Vietnam, focusing on Dien Bien and Yen Bai provinces.
The project, Vietnam: Improved Delivery of Legal Aidfor the Poor and Vulnerable, will support legal aid services covering criminallaw (with a special focus on gender-based violence), marriage and family law,and employment and labor law.
It is estimated that nearly 10,000 people, includingethnic minorities, poor households, survivors of gender-based violence, andpeople with disabilities, will benefit from the project’s interventions.
The Japan Social Development Fund, which is apartnership between the Government of Japan and the WB, provides grants insupport of community-driven development and poverty reduction projects thatempower the poorest and most vulnerable groups not reached by other programmesand improve their lives through direct benefits./.
The World Bank (WB), an important development partner of Vietnam, is committed to support the Vietnam in implementing the newly unveiled Mekong Delta Regional Master Plan.
Representatives of the World Bank (WB) and FTSE Russell have committed to further supporting Vietnam to build a sustainable stock market, particularly via regularly exchange and coordination in the market upgrading matter.
Axel van Trotsenburg, the World Bank (WB) Managing Director of Operations is paying an official visit to Vietnam on July 18-19, during which he will discuss future cooperation between the bank and Vietnam and areas it will support the country in the next 4-5 years, with Vietnamese leaders.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.