Digital TRANSFORMATION is GLOBAL!!!
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Why not " Shoulda Coulda & Didn't" lol
Let us see what happens each day now. Money needs to clear.. Henry has expectations that are similar to many. Keep in mind he was time back in the UAE.. There is more.. But you all should all know that right? lol FOCUS.. ~
Fair.. ha
Some times a rest is needed..
I have not left. Just lurking for awhile. I am interested more now that there is wide interest in VN... I suspect Henry knows this.. The UAE knows this too.. SAP had my interest. As they are in the ME too.. Big changes are coming to both places.. imo ~ MM
Here is interesting bit on Viet Nam..
https://www.einnews.com/pr_news/707958615/digital-transformation-events-for-banking-sector-slated-for-may
I have had a feeling this was going to wake up again..
Just checking in again..
May I get a copy of the rules for reasons for deletions? I am not seeing it. Thank you.
Checking in again.. I hope you all are doing fine..
Just checking back in.. ~ MM
PHIL~ Lets watch now for the GCC monies to show. Timing is perfect.
https://www.nasdaq.com/press-release/phi-group-inc-n-k-a-philux-global-group-inc.-joins-vietnam-base-sse-group-jsc-to
PHIL Thank you all for the Cheap Shares.. Viet Nam - WTO ~ MM FOCUS Kaboom
ACCUMULATION CHART CLICK HERE
Vi?t Nam, WTO agree to promote multilateral trading
May 19, 2023 - 10:25
Vietnamese Minister of Industry and Trade Nguy?n H?ng Diên and Director-General of the World Trade Organisation (WTO) Ngozi Okonjo-Iweal agreed to promote the multilateral trading system and other agendas being launched by the organisation, during their working session in Hà N?i on Thursday.
Vietnamese Minister of Industry and Trade Nguy?n H?ng Diên had talks with Director-General of the World Trade Organisation (WTO) Ngozi Okonjo-Iweal on Thursday in Hà N?i. — Photo from the Ministry of Industry and Trade
HÀ N?I — Vietnamese Minister of Industry and Trade Nguy?n H?ng Diên and Director-General of the World Trade Organisation (WTO) Ngozi Okonjo-Iweal agreed to promote the multilateral trading system and other agendas being launched by the organisation, during their working session in Hà N?i on Thursday.
They also reviewed achievements at the WTO's 12th Ministerial Conference (MC12) which was held in Geneve last June.
Diên spoke highly of the conference’s results, and briefed the WTO Director-General on Vi?t Nam’s implementation of some major contents reached at the event.
Host and guest also exchanged views on some topics of concern of Vi?t Nam and other WTO member countries, including initiatives on WTO reform, and the Action on Climate and Trade (ACT).
The Vietnamese minister suggested the WTO soon reform itself strongly and practically, given the increasing trend of joining free trade agreements or regional trade agreements, thus maintaining its role as the foundation of a transparent, fair, rules-based multilateral trading system that ensures tangible benefits for countries.
Vi?t Nam always values regulations of the multilateral trading system and considers them the foundation for the establishment of FTA provisions, he said, noting that Vi?t Nam hopes that certain suitable provisions in FTAs will be multilateralised, making the WTO stronger and capable of addressing emerging challenges in global trade.
For her part, Okonjo-Iweala lauded Vi?t Nam’s impressive economic and trade growth, and called the country a "shining example" of economic growth based on international economic integration achievements, thereby promoting trade and investment, and successfully participating in the globalisation process, and reshaping regional and international supply chains.
The working session took place as part of her official visit to Vi?t Nam from May 17-19, during which she paid a courtesy visit to Prime Minister Ph?m Minh Chính and had meetings with representatives from the ministries of foreign affairs, finance, and agriculture and rural development. — VNS
Ramadan is over so is Eid Al-Fitr..
Hide and watch.. Big moves are being made as we speak.. imo AISA and the ME are flying right now. Just look at the data. It is out there and it is big.I and many other will be piling on in PHIL right along with the GCC boyz.. FOCUS.. ~ MM
PHIL GCC regions are coming out of Ramadan and into Eid Al-Fitr that runs through the 24th
PHIL - Vi?t Nam-Russia business forum attracts 200 firms
April, 07/2023 - 17:37
A Vietnam-Russia business forum took place in Ha Noi in the afternoon (April 6), attracting the participation of more than 200 enterprises from both nations.
Participants at the Viet Nam-Russia forum held in Ha Noi on April 6 with a view to seeking new cooperation opportunities and potential sectors between the two countries. — VNA/VNS Photo
HÀ N?I – A Vi?t Nam-Russia business forum took place in Hà N?i on April 6, attracting the participation of more than 200 enterprises from both nations.
Spotlighting new cooperation opportunities between the sides, the event was held within the framework of the 24th meeting of the countries’ Inter-Governmental Committee on Economic, Trade and Scientific-Technological Cooperation.
Chaired by Vietnamese Deputy Prime Minister Tr?n H?ng Hà and his Russian counterpart Dmitry Chernyshenko, the forum included roundtable discussions in the fields of industry, energy, transport and logistics, climate change, environmental protection, and digital economy-digital technology.
Addressing the forum, the Vietnamese prime minister lauded the robust growth of the two countries’ economic and commercial relationship in the past based on their comprehensive strategic partnership established in 2012 and a free trade agreement (FTA) signed between Vi?t Nam and the Eurasian Economic Union (EAEU) in 2015.
The two countries continue to consider each other an important priority partner in their respective economic and trade policies, he noted.
Vi?t Nam always creates favourable business-climate and legal-corridor conditions for foreign enterprises, including those from Russia, to invest and do business in the country, stressed Hà, listing high technology, innovation, and research and development as the country’s priorities in foreign investment attraction.
Russian Deputy Prime Minister Dmitry Chernyshenk delivers his speech at the forum. — VNA/VNS Photo
For his part, Chernyshenko said to Russia, Vi?t Nam has always been an important partner in Southeast Asia, being the first and only country in the region to have an FTA with the EAEU.
Vi?t Nam and Russia have benefited significantly from the pact and are ready to discuss new measures to further tap its potential, he said.
The official affirmed that the Russian government prioritises new development directions in science, education, digital technology, tourism; and is willing to share achievements and technologies in these areas serving joint projects of the two countries.
Two-way trade between the two countries increased at an average 15 per cent a year in the 2016-2021 period to US$5.5 billion in 2021. The value dropped to $3.55 billion in 2022 due to numerous factors.
As of March this year, Russia had 171 valid investment projects in Vietnam with total registered capital of $970 million, mostly in mining, services and processing-manufacturing.
Meanwhile, Vi?t Nam has 17 valid projects capitalised at more than $1.6 billion in Russia, accounting for 7 per cent of its outbound investment. — VNS
https://vietnamnews.vn/economy/1517089/viet-nam-russia-business-forum-attracts-200-firms.html
PHIL poised in the right place. Share Volume is increasing Blockchain facilitates international trade
April, 06/2023 - 17:34
Cross-border trade has become more vibrant than ever with the growth of the Internet and the technology sector in general. Experts all agree that technology contributes to bridging the gap.
Experts discuss blockchain applications in facilitating international trade. Photo courtesy of Vi?t Nam Blockchain Association
HÀ N?I — Blockchain, which helps store information transparently between parties and can’t be faked, is considered an effective tool for the development of international trade as well as the digital economy.
Hoàng Van Huây, Chairman of Vi?t Nam Blockchain Association (VBA) made the statement at a conference on “Blockchain Technology: Initiating the International Trade Process” held in Hà N?i on Wednesday.
Cross-border trade has become more vibrant than ever with the growth of the Internet and the technology sector in general. Experts all agree that technology contributes to bridging the gap. However, it brings new difficulties in the process of communication, data storage, dealing with paperwork, contradictions in setting standards and consensus on trade policy among countries.
The World Trade Organisation (WTO) on the same day released a report forecasting that the global merchandise trade volume this year will fall to 1.7 per cent, lower than that of 2.7 per cent in 2022 due to heavily influenced by fluctuations related to rising energy prices, inflation and monetary policy. Therefore, businesses need to consider cutting costs for cross-border trade at this time.
Huây added that blockchain technology emerged and is expected to solve the complexities of international trade. The WTO argues that blockchain could be revolutionary for global trade. Specifically, blockchain has the ability to cut trade costs by automating manual processes in management, encrypting foreign trade documents and letters of credit (L/C), speeding up payment operations, and automatically executing agreements through the help of smart contracts stored on the blockchain.
Ð? Ng?c Minh, a member of the VBA’s Technology Department said: “We are facing challenges when user data is overused by platforms acting as third parties, taking advantage of serving users and providing fake information. Blockchain is the foundation platform to help form a digital society, where everyone can participate, contribute, collaborate and transact, forming a digital economy without having to worry about the safety and integrity of the system.”
Minh said blockchain helps create new concepts such as smart contracts, Central Bank Digital Currency (CBDC), the token economy with non-fungible tokens (NFTs), metaverse, Decentralised Finance (Defi), Decentralised Autonomous Organisation (DAOs). Although blockchain is witnessing trial and error as well as success and failure, it has been playing a role in global governments, organisations and commerce.
According to a forecast by MarketsandMarkets, the blockchain-related market in Vi?t Nam could reach a value of nearly US$2.5 billion by 2026, an increase of five times compared to 2021.
Many organisations have realised the role of blockchain in commercial activities and start to apply it.
Nguy?n Quang Thông, Director of Digital Banking at Nam Á Bank said that risk management at banks often consumes a huge amount of money. In particular, with trade finance documents related to documents of origin, it is required to ensure reliability. Blockchain could be used to ensure transparent operations, reducing customer verification time and costs.
In addition, traditional international payment activities are still going through the Society for Worldwide Interbank Financial Telecommunication (Swift). However, the centralised processing through this network still has problems related to speed, operating costs, and ensuring accurate and safe transfer orders. The development of blockchain technology could form payment networks that make cross-border money transfers faster and safer.
"We hope to have support from the Government and technology organisations to promote cross-border commercial payment platforms,” Thông said.
Explaining the reason that making the Vietnamese blockchain platforms have not been popular, Eric Hung Nguy?n, CEO cum Co-Founder at Spores Network (the ecosystem that supports blockchain projects) said that the legal gap makes attracting investment into Vietnamese blockchain projects facing difficulties.
“I have worked with a lot of foreign investors, but when talking about blockchain projects in Vi?t Nam, they were afraid that the lack of a legal framework may affect the projects’ operation. For example, blockchain can be used in L/C transactions at banks, but if the law does not recognise it, it has no value,” Hung told the conference organised under the 32nd Vi?t Nam International Exhibition (Vietnam Expo) opening in Hà N?i from April 5-8.
"Instead of choosing familiar topics such as Vi?t Nam's development and integration, sharing success, Vietnam Expo 2023 will offer practical applications and solutions to commercial operations for businesses," said Nguy?n Thu H?ng, Deputy Director of VINEXAD – the VietNam Expo 2023’s organiser.
"In addition to showcasing products and services and sharing from domestic and international businesses at the event, blockchain technology is prioritised to exploit its potential while being the optimal technology in the digitalisation process of the trade sector.”
VBA is currently acting as a bridge between businesses in the industry and regulators, especially international connections with a range of activities, starting with The Connect event in Thailand on March 15. — VNS
https://vietnamnews.vn/economy/1516766/blockchain-facilitates-international-trade.html
UAE / GCC REGION - Vi?t Nam, UAE to begin negotiations for comprehensive economic partnership agreement
April, 09/2023 - 11:32
Vi?t Nam and UAE have signed a Ministerial Declaration on starting negotiations on a comprehensive economic partnership agreement (CEPA) between the two nations.
The two sides at the meeting. — VNA/VNS Photo
HÀ N?I — Minister of Industry and Trade Nguy?n H?ng Diên and Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi of the United Arab Emirates (UAE) have signed a Ministerial Declaration on starting negotiations on a comprehensive economic partnership agreement (CEPA) between the two nations right after Vi?t Nam completed its procedures.
The signing took place after a meeting between Diên and Al Zeyoudi during the Vietnamese minister's working visit to the UAE last week.
During the meeting, the Vietnamese official said the two countries can start their negotiations on CEPA after the draft terms of reference (TOR) of the agreement is agreed and approved by authorised agencies.
Diên spoke highly of opportunities that the CEPA can bring for both countries, in the context of Vi?t Nam having become a manufacturing hub for many important commodities in the region and the world, while the UAE has many strengths as a transshipment port and financial and logistics centre. The combination of strengths of the two sides will create a momentum for growth in their trade and investment ties in the coming time, he said.
The minister affirmed that the UAE is Vi?t Nam's largest trading partner in the Middle East - North Africa regions, noting that ample room remains for the two countries to tap the potential of their economies that have complementary strengths.
He suggested the two countries strengthen the exchange of all-level delegations and business delegations to explore cooperation opportunities, especially in the field of trade and investment.
Diên also proposed management agencies of Vi?t Nam and the UAE study and promote the establishment of a cooperation mechanism for Halal certification to facilitate the trade in agricultural products between the two countries.
Agreeing with the proposals of the Vietnamese official, Al Zeyoudi said his country wishes to expand economic cooperation with Vi?t Nam and always considers Vi?t Nam its important economic partner.
The UAE's leaders have also given instructions on starting negotiations on the CEPA as soon as Vi?t Nam completes procedures, he noted, adding not only the Ministry of Foreign Trade, but many ministries and sectors in charge of fields such as energy, industry, and logistics services of the UAE have all backed the negotiation, signing and implementation of the CEPA.
Also during the visit, Minister Diên held a meeting with the UAE's Minister of Energy and Infrastructure Suhail bin Mohammed Al Mazrouei.
Diên informed his host on Vi?t Nam's wish to cooperate more closely with the UAE Ministry of Energy and Infrastructure in not only traditional energy, but also new and renewable energy development.
He proposed that the two sides sign a new MoU on energy cooperation, adding that Vi?t Nam will create favourable conditions for UAE partners to cooperate with Vi?t Nam in oil and gas exploitation. He suggested considering the possibility of investing in building a centre for transshipment and storage of crude oil and petrochemical products in Vi?t Nam to provide for the Asian region.
Diên also asked the UAE side to study investment opportunities in power transmission infrastructure in Vi?t Nam and support Vi?t Nam in training human resources in this field.
Agreeing with Diên’s proposals, Al Mazrouei stressed that there is great potential for the two countries to step up their cooperation.
The UAE has been researching, negotiating and signing many FTAs with important partners like Vi?t Nam, he said, adding that the UAE government hopes the two countries can sign an FTA this year.
The UAE wants to partner with Vi?t Nam in the fields of power transmission, power generation, food security, healthcare, infrastructure, construction, and port management, the official said. — VNS
https://vietnamnews.vn/economy/1517688/viet-nam-uae-to-begin-negotiations-for-comprehensive-economic-partnership-agreement.html
THE GCC region is about to go viral..
Why did the post quote something that wasn't in the news or in the filing as a quote? Maybe learn to be honest?
PHIL Why does the quote below not show up in the 8k or 10Q? Would that be because that it is made up and fabricated? ~ MM
PHIL Iraq's Ministry of Trade held a meeting with a delegation from the Vietnamese embassy in Tehran to discuss joint cooperation in commercial and economic aspects, including the supply of rice, tea, construction materials, and machinery.
They also discussed the possibility of holding the nineteenth meeting of the Iraqi-Vietnamese Joint Committee, and inviting the Vietnamese side to participate in the next Baghdad International Fair.
The Vietnamese delegation expressed gratitude and emphasized the importance of communication between the two sides to increase opportunities for cooperation in the future.
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THAT GCC MONEY... Better not under estimate the global implications for what is going on.. PHIL knows what I mean ,,, imo.. Smart money does too. ~ MM
PHIL There is more to the story. I am not surprised one bit by to day. The GCC money is not yet ready to clear. ISO 20022 is going to be live 03/20/2023. I suggest those that are going against the trade in PHIL might look real hard at the implications of what I am talking about. When they do clear, I will know.. I will be happy to pile on too. GB.. ~ MM
PHI GROUP INC
@PHIGROUP
·
2h
$PHIL Though we have not closed the TTG deal as of today, TTG agrees to keep it open until we close our pending investment funding packages. We will also work with Tin Thanh Group Americas’s “Smart-tire” project in Allendale County, SC. God Bless!
Keep in mind the GCC region has big money movement under way. BUNA is the platform. Henry knows it. Banking on it imo.. ~ MM
Many can see that the money is about to flow.. That is why the volume is picking up..
PHIL Sure there is doubt of that. Look at the accumulation in the chart..
ACCUMULATION CHART CLICK HERE
Hate to break it, but it is up 2 clicks.. lol ~ MM
PHIL This is looking like it is about to run again. The volume has kicked in. Count down to 03/15/2023 is on.. imo ~ MM
BULLISH SIGNAL CHART Click Here
Looks like this is setting up nicely again. ~ MM
PHIL 2. INVESTMENT AGREEMENTS AND MEMORANDUM OF UNDERSTANDING
From August 24, 2020 to November 03, 22, the Company and its subsidiaries have entered into loan financing agreements, investment management agreements, joint venture agreement, and memorandum of understanding with six international investor groups for a total six billion three hundred million U.S. dollars, as reported in various 8-K filings with the Securities and Exchange Commission. The Company expects to begin receiving capital through these sources in the near future to support its acquisition and investment programs.
They would not.. lol
Is there any credible evidence of that? ~ MM
PHIL NEWS ~ MM
PHI Group, Inc.
New York, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Philux Global Group, Inc. (a/k/a PHI Group, Inc.; www.philuxglobal.com, PHIL), announced today that the Company has signed an agreement for comprehensive cooperation with Dr. Tri Viet Do, a German-trained expert in electromagnetic energy and quantum physics, to jointly cooperate in the development and commercialization of a number of key products using proprietary intellectual properties already developed by him.
According to the Agreement, Dr. Do and the Company have set the scope of a long-term development plan that encompasses nine categories of interest in the areas of power generation, transportation, healthcare, medicines, environmental protection, waste management and agriculture based on results of his study and experiments over the past thirty years. However, in the short term we will mainly focus on clean energy generation and transportation.
Dr. Do stated: “I am delighted to partner with Philux Global Group to fulfill my dreams of bringing better solutions for sustainable clean energy generation, transportation and other disciplines which will help people in both rich and poor countries and look forward to extremely exciting and rewarding days ahead.”
Henry Fahman, Chairman and CEO of Philux Global Group, concurred: “As the world continues to look for better ways to generate energy without the greenhouse gas emissions and negative environmental effects that come with fossil fuels, in turn helping to reduce climate change, we are privileged to cooperate with Dr. Do to advance the commercialization of these key products which we believe will have unique competitive advantages and be able create significant benefits for our shareholders in the near future.”
About Philux Global Group
https://finance.yahoo.com/news/philux-global-group-inc-k-165700531.html?.tsrc=fin-srch
PHI GROUP INC
@PHIGROUP
·
18m
$PHIL Pending the anticipated closing of the $250M investment package, Tin Thanh Group has agreed to extend the closing of the acquisition until March 15, 2023. GB!
It shows me that there are big players in the GCC region are now and have been moving very large amounts of money for other purposes first. This is a very good sign imo.. ~ MM
Pay attention to the GCC..
I just asked my self that question and stopped in.. lol We could before eod...~ MM
Oversold now and is likely to come up quickly.. imo ~ MM
PHIL Well well well. The bounce play is in full swing. Just like posted in the Charts ~MM
BIG UP CHART CLICK t-here
PHIL A FEW BILLION $ References for an oversold stock.. Love the chart.. lol ~ MM
2. INVESTMENT AGREEMENTS AND MEMORANDUM OF UNDERSTANDING
From August 24, 2020 to November 03, 22, the Company and its subsidiaries have entered into loan financing agreements, investment management agreements, joint venture agreement, and memorandum of understanding with six international investor groups for a total six billion three hundred million U.S. dollars, as reported in various 8-K filings with the Securities and Exchange Commission. The Company expects to begin receiving capital through these sources in the near future to support its acquisition and investment programs.
6. JOINT VENTURE AGREEMENT WITH DANANG RUBBER JSC AND TIN THANH GROUP
In June 2022, the Company signed an joint venture agreement with Danang Rubber Joint Stock Company (DRC) (https://drctire.com/) and Tin Thanh Group (TTG) (https://tinthanhgroup.vn/en/) to cooperate in increasing DRC’s tire production and executing an innovative sales and marketing program targeting annual revenues of 5.5 billion dollars by 2025.
7. JOINT VENTURE/PARTNERSHIP AGREEMENT (FUND MANAGEMENT MOU) BETWEEN AN INVESTOR IN THE GULF COOPERATION COUNCIL REGION AND PHILUX GLOBAL GROUP, INC. (A/K/A PHI GROUP, INC.)
On July 08, 2022, the registrant signed a Joint Venture/Partnership Agreement (Fund Management MOU) with an investor in the Gulf Cooperation Council region to manage an initial amount of Three Billion United States Dollars (USD 3,000,000,000) for investment in different transactions chosen and advised by the registrant for a period of ten years. According to the Agreement, after the first twenty four months of investment implementation, the registrant will be allocated 40% of the net profit from these investments.