69th united nations general assembly

Hanoi (VNA) – Top Vietnamese leaders on February 23 extended congratulations to Brunei Darussalam on the country’s 36th National Day (February 23, 1984). General Secretary of the Communist Party of Vietnam and President Nguyen Phu Trong and Prime Minister Nguyen Xuan Phuc sent messages of congratulations to Sultan of Brunei Darussalam Haji Hassanal Bolkiah. The same day, Deputy Prime Minister and Minister of Foreign Affairs Pham Binh Minh cabled a congratulatory message to Sultan cum Minister of Foreign Affairs and Trade Haji Hassanal Bolkiah and Second Minister of Foreign Affairs and Trade Dato Erywan Pehin Yusof. Established in 1992, Vietnam-Brunei diplomatic relations are growing favourably across bilateral and multilateral levels. In particular, political trust between the two countries has been improved thanks to the organisation of regular delegation exchanges and high-level meetings./. … [Read more...] about Top leaders extend congratulations to Brunei on National Day

Hanoi (VNS/VNA) - Vietnam could cease to have an operating train system in less than two weeks unless a funding issue at the Vietnam Railways Corporation (VNR) is resolved, an official has said. The stunning revelation came this week when Vu Anh Minh, Chairman of the VNR's Member Council, spoke at a meeting between the Government’s working group and the Committee for Management of State Capital at Enterprises (CMSC). The railway operator hasn't received a single VND from the State since November 2018, when a change in how it was managed stopped the flow of cash, leaving the corporation without a budget for vital railway maintenance. The VNR used to be under the management of the Ministry of Transport but in November 2018, it was transferred to the CMSC, as part of efforts to separate State capital management from corporate administration. Before the transfer, annual budget estimates allocated to the VNR for maintenance work were made by the transport ministry, which can no … [Read more...] about Train services derailed by funding chaos

Social housing projects struggle to get completed for various reasons including a lack of credit. Since a VND30 trillion ($1.3 billion) line of credit extended by the government to revitalize the real estate sector ended in 2016, over 200 social housing projects have been left unfinished in the country, according to a recent report submitted to the National Assembly by the Ministry of Construction. … [Read more...] about City house prices well beyond reach for fresh graduates

Hanoi (VNS/VNA) - Telecommunications firms are turning towards developing their own digital content, the Vietnam Telecommunications Authority (VNTA) under the Ministry of Information and Communications has said. Mobile service revenue is mainly based on traditional telecommunication services, with revenue from voice calls and SMS messages accounting for 76.6 percent.  With tightened management over pre-activated SIM cards, the number of mobile phone subscriptions was 125.8 million last year, a year-on-year decrease of 3.5 percent. However, the number of broadband subscribers has increased significantly, with mobile broadband (3G, 4G) having 61.3 million subscriptions, accounting for 48.7 percent of the total number of mobile subscriptions. The total market share of the three largest enterprises, Vinaphone, MobiFone, and Viettel, accounted for more than 96.2 percent last year, said VNTA. Commenting on the telecommunications market, Huynh Quang Liem, deputy general director of … [Read more...] about Telecoms firms turn to digital content

Opening finance, telecom markets under EVFTA has opportunities, risks With the newEU-Vietnam FTA (EVFTA), the insurance sector is expected to continue to see strong growth, while the telecom sector will be more difficult to join. … [Read more...] about VN telecoms firms turn to digital content