Asset recovery

It is the information stated in the Government's report No.174/BC-CP sent to the NA to prepare for the third session. According to the report, in case Resolution No.42 cannot continue to be implemented, the volume of bad debts determined under Resolution No.42 that has not been resolved, including newly arisen bad debts, is expected to reach VND430 trillion ($18.6 billion) at the end of 2022 and VND443 trillion at the end of 2023. After handling a large number of bad debts in 2018 and 2019, the bad debt settlement speed in 2020 and 2021 tended to slow down due to the impact of the Covid-19 pandemic on the financial situation. Therefore, to continue to achieve the goal of handling and controlling the bad debt ratio of the system of credit institutions in the coming time is a big challenge for the banking industry, requiring the participation of the political system, the close coordination of ministries, agencies, and localities in implementing solutions on handling bad debts, … [Read more...] about Unresolved bad debt remains at high level

Prime Minister Pham Minh Chinh received visiting Speaker of the Singaporean Parliament Tan Chuan-Jin in Hanoi on May 20, emphasising that Singapore is always one of the leading partners of Vietnam in the region. PM Pham Minh Chinh (R) meets with Speaker of Singaporean Parliament Tan Chuan-Jin in Hanoi on May 20 (Photo: VNA) The host described his guest’s official visit as highly important to promoting the two countries’ strategic partnership. He expressed his delight that despite the COVID-19 pandemic’s impacts, bilateral trade has still been on the rise, and Singapore is the largest ASEAN investor in Vietnam with 2,866 valid projects worth 67.56 billion USD. The two sides should increase all-level mutual visits and effectively implement bilateral cooperation mechanisms and agreements, especially the Vietnam - Singapore ministerial meeting on economic connectivity. Besides, their parliaments should continue supporting connections in post-pandemic … [Read more...] about PM Pham Minh Chinh welcomes Speaker of Singaporean Parliament

Experts at the workshop. — Photohanoimoi.com.vn HÀ NỘI — Recognising that cyberattacks targeting the ICT supply chain are increasing, experts said that organisations in Việt Nam needed to be prepared to respond by sharing and updating knowledge about this form of attack. The Authority of Information Security under the Ministry of Information and Communications and the security firm Kaspersky co-organised a workshop titled “ICT Supply Chain Cyber Resilience” in Hà Nội on Thursday. The workshop aimed to support and prepare the country to respond to cyberattacks on the ICT supply chain. “Cyberattacks on the supply chain have grown strongly during the COVID-19 pandemic period and are expected to increase in the near future as well as the appearance of organisations and enterprises providing cyber attack weapons,” said Nguyễn Thành Phúc, director of the Authority of Information Security. “Therefore, sharing and updating knowledge related to this type of attack will help … [Read more...] about Vietnamese businesses need preparation to respond to cyberattacks on ICT supply chain

Chair of National Assembly Committee for External Relations Vũ Hải Hà. — VNA/VNS Photo Doãn Tấn HÀ NỘI — The visit by National Assembly (NA) Chairman Vương Đình Huệ to Laos from May 15-17 was a success, helping further foster the cooperative relations and mutual support between the two parliaments, and bolster the great friendship, special solidarity and comprehensive partnership between the two countries, according to Chairman of the NA Committee for External Relations Vũ Hải Hà. Speaking to the Vietnam News Agency following the visit, Hà said that senior leaders of Laos highly valued the first visit by Huệ as the Vietnamese top legislator during the two countries’ Solidarity and Friendship Year 2022, making him the first foreign parliament leader to visit Laos during the ninth tenure of the Lao NA. The Lao side congratulated Việt Nam on its achievements in socio-economic development and pandemic control, and informed the Vietnamese leader on Laos’ socio-economic targets and … [Read more...] about Successful NA Chairman’s visit helps bolster partnership with Laos: Official

A child in northern Thái Bình Province is inoculated against COVID-19. —VNA/VNS Photo HÀ NỘI — A total of 1,587 new cases of COVID-19 were reported in 51 out of 63 localities in Việt Nam on Friday, according to the Ministry of Health. All were locally transmitted. The national tally now stands at 10,706,111. The provinces and cities that recorded infections were Hà Nội (373), Phú Thọ (102), Vĩnh Phúc (92), Nghệ An (66), Yên Bái (65), Quảng Ninh (64), Tuyên Quang (60), Quảng Bình (59), Đà Nẵng (49), Bắc Ninh (48), Lào Cai (46), Hải Dương (46), Sơn La (43), Thái Bình (41), Thái Nguyên (40), Bắc Kạn (33), Hồ Chí Minh City (31), Quảng Trị (25), Lâm Đồng (24), Hà Tĩnh (23), Hưng Yên (23), Lai Châu (21), Hà Nam (19), Hà Giang (17), Lạng Sơn (16), Nam Định (15), Quảng Ngãi (15), Hòa Bình (15), Bắc Giang (14), Ninh Bình (13), Thanh Hóa (11), Cao Bằng (10), Điện Biên (10), Bình Phước (8 ), An Giang (6), Cà Mau (6), Bình Thuận (5), Bà Rịa - Vũng Tàu (5), Gia Lai (4), Khánh Hòa (3), Long … [Read more...] about Việt Nam adds 1,587 new COVID-19 infections on Friday

Prime Minister Phạm Minh Chính (right) meets with Speaker of the Singaporean Parliament Tan Chuan-Jin on Friday morning in Hà Nội. — VNA/VNS Photo Dương Giang HÀ NỘI — Singapore has always been one of Việt Nam's leading partners in the region. Prime Minister Phạm Minh Chính made the statement meeting with Speaker of the Singaporean Parliament Tan Chuan-Jin on Friday morning in Hà Nội. PM Chính said the visit of the Tan Chuan-Jin, which lasted from May 18 to 20, was very important, contributing to promoting the Việt Nam - Singapore Strategic Partnership to become more and more extensive and effective, especially while the two countries are looking forward to the 50th anniversary of the establishment of diplomatic relations and 10 years of Strategic Partnership in 2023. Chính congratulated Singapore on its outstanding achievements, including always leading the way in the region in catching new development trends of the world, especially in science and technology with its high … [Read more...] about Singapore one of Việt Nam’s leading partners in the region: PM Chính