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Central Bank warns of illegal forex trading

December 3, 2020 by hanoitimes.vn

The Hanoitimes – Investments in forex trading platforms, seen as illegal, would not be protected by law, said a senior official of the central bank.

Credit institutions with permission from the State Bank of Vietnam (SBV) are the only ones allowed to provide foreign exchange (FX) trading and derivatives services on the domestic and international markets.

Vice Governor of the State Bank of Vietnam Dao Minh Tu at the press briefing. Photo: Nhat Bac.

I nvestors should be cautious in participating in illegal forex trading platforms, said SBV’s Vice Governor Dao Minh Tu at a monthly government’s press briefing on December 2, referring to the case of growing numbers of such platforms are calling for investment with promises of soaring profit.

“So far, local authorities have not issued licence for any forex trading floor. Therefore, all transactions on these floors are illegal,” stressed Mr. Tu.

“Individuals investing in these platforms, seen as violating laws, would not be protected by law,” he noted.

Mr. Tu said during the Covid-19 crisis, legal businesses anywhere around the world could hardly guarantee profit of up to a couple of dozen percent, let alone promises for profit of hundreds of percent per year, which is a sign of fraud.

Vice Minister of Industry and Trade Do Thang Hai noted forex trading platforms in Vietnam are form of illegal multi-level marketing activities that pose high risks in terms of assets losses for investors.

“Those participating in these activities could be subject to a penalty of up to VND5 billion (US$217,500) or five-year jail term,” Mr. Hai stressed.

Some investors admitted greedy is a major reason for them to participate in forex trading activities. However, they argued a lack of legal framework regulating such activities has directly led to a growing number of such platforms operating publicly and attracting ill-informed investors.

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Border Guard Academy responds to the tree-planting festival

March 3, 2021 by en.qdnd.vn

Major General Nguyen Anh Tuan, Political Chief of the Border Guard Command; Major General Trinh Hoang Hiep, Director of the Border Guard Academy; Senior Colonel Nguyen Thai Sinh, Political Commissar of the academy; and other high-ranking officers attended the event.

Speaking at the launching ceremony, Senior Colonel Sinh said that the academy has set a goal to plant 10,000 green trees in 2021.

The program is a meaningful activity in response  to the tree-planting festival across the country and the government’s program of planting one billion trees, as well as to build a green, clean, and attractive school.

In addition, General Sinh also asked the academy to promote information dissemination among its teachers and cadets about the importance of tree-planting and encourage them to plant more trees to beautify their barracks.

Addressing the ceremony, General Tuan said that over the past years, under the direction of the Border Guard Command, the Politics Department of the command instructed its agencies and units to work with the VietinBank branches across the countries to launch the tree-planting festival on the first days of  the lunar new year.

So far, the agencies and units have planted more than 90,000 trees.

Also, General Tuan acknowledged and hailed the efforts of the academy’s leadership and troops in fulfilling their assigned tasks in response to the tree-planting festival and the government’s program of planting one billion trees.

He added that the Political Department of the Border Guard Command and other departments will support VND 100 million for the academy in buying seedlings and tools to plant trees and care for newly-planted trees.

After the launching ceremony, over 300 officers, instructors , and cadets of the academy planted more than 300 new trees in the school.

Source: bienphong.com.vn

Translated by Quynh Oanh

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Laos – Vietnam Cooperation Committee opens official portal

January 22, 2021 by en.nhandan.org.vn

The site was the outcome of the first phase of a project sponsored by Startech, a Vietnamese IT company operating in Laos. The second phase will build a software to serve the committee’s project and administrative management.

Speaking at the ceremony, Lao Deputy Minister of Planning and Investment and Vice Chairman of the committee Khamphuei Keokinaly stressed the launch of the website presents an opportunity for the committee to boost its employment of advanced science and technology serving its work in a new period.

The website is a tool to spread information on Laos’ policies for attracting foreign investors, including those from Vietnam, he noted.

Once completed in December this year, the Startech project is expected to help the committee digitise its data on operations, investment promotion, and management of Vietnam – Laos cooperation projects. It will also facilitate access by Vietnamese agencies and firms to information on the two nations’ collaboration developments.

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PM attends national congress of Vietnam Union of Science and Technology Associations

December 25, 2020 by en.nhandan.org.vn

Speaking at the congress, PM Phuc urged the association to continue its work in building up the Vietnamese intellectual circle in order to serve national development.

The Government leader spoke highly of VUSTA’s role in gathering and uniting Vietnamese scientists and technical experts at home and abroad, providing favourable conditions to make contributions to their homeland.

Intellectuals lay the foundation for social progress, and Vietnamese intellectuals play a crucial role in the country’s construction and development, the PM said, asking the union to strengthen its operations to become a strong political and social organisation, acting as the voice of scientists and technicians across the country, while caring for and protecting the legitimate rights and interests of its members.

The union was also assigned to serve as a consultant for the Party and State in gathering the brainpower of intellectuals, while contributing ideas to the Party and State’s policies and major socio-economic projects and programmes.

The congress saw the participation of over 900 delegates representing more than 3 million VUSTA members nationwide.

The participants reviewed the union’s operations in the 2015-2020 period and set out its orientations and tasks for the next five years.

Member of the Party Central Committee and Chairman of the National Assembly’s Committee for Science, Technology and the Environment Phan Xuan Dung was elected as President of the union.

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Bulgaria and Việt Nam: Charting the next decade of partnership and solidarity

March 3, 2021 by vietnamnews.vn

Việt Nam News introduces a story by Bulgarian Ambassador to Việt Nam Marinela Petkova to mark the National Day of the Republic of Bulgaria (March 3)

Bulgaria and Việt Nam are natural and close partners. Our decades-long relationship exhibits shared principles and goals for building a community of peace and prosperity for our peoples. Our lasting bilateral ties have been carefully cultivated and nowadays rest on common objectives, executed with equal strength on bilateral, as well as on multilateral level.

On March 3 Bulgaria celebrates its National Day, its liberation in 1878 from foreign domination, the end of a centuries-long struggle, which in its final stages attracted widespread international support. Therefore, it is not only an occasion to celebrate Bulgaria’s sovereignty and freedom, but also a day to reflect on the transformative power of solidarity, cooperation and common values.

Being one of the first countries to recognise Việt Nam’s right to independence, in 2020 Bulgaria and Việt Nam celebrated 70 years of the establishment of diplomatic relations. Thanks to Việt Nam’s successful effort in containing the spread of COVID-19 we were able to carry out a series of events to commemorate the anniversary as an important milestone and a testament to the endurance and resilience of a friendship that upholds its unique people-centred character.

Rallying the support of partners from state and local level institutions and agencies across Việt Nam and Bulgaria, with the help of the numerous active Việt Nam-Bulgaria friendship associations , the 70th anniversary was widely recognized through diplomatic visits and events in HCM City, Hải Phòng and Vĩnh Phúc, with B2B webinars, various cultural happenings, book publications, all culminating in the month of November with the inauguration by the Vietnam News Agency of the exhibition Việt Nam-Bulgaria: 70 Years of Friendship and Development and a friendship concert at the Hà Nội Opera House.

The Ambassador of the Republic of Bulgaria Marinela Petkova (centre) with the Vice Minister of Foreign Affairs Tô Anh Dũng (right) and the General Director of Vietnam News Agency Nguyễn Đức Lợi at the ’70 years of Việt Nam-Bulgaria Friendship and Development’ exhibition on November 16, 2020 in Hà Nội. Photo courtesy of the embassy

It was the turbulent historical events of the mid-20th century that brought Bulgaria and Việt Nam together, but it was through dedicated will and thoughtful commitment that our partnership managed to transcend tests of time to nowadays encompass pragmatic and hands-on solutions for applied diplomacy. Boasting an earnest bilateral political dialogue, consistently growing economic co-operation (yet to meet its full potential), and dynamic multi-sectoral collaboration, the current agenda of Bulgaria-Việt Nam relations has widened to include exchange on international developments and security concerns, economic engagement and socio-cultural matters, taking shape and projecting results on a larger world canvas.

While competing visions and agendas on the global order are at play now, the COVID-19 pandemic has swept the globe and demonstrated how interconnected and interdependent the world has become. It has overturned lives and livelihoods revealing some opportunities hidden in the conspicuous challenges, such as hastening the transformation of industries, digital connectivity, setting up regulatory standards and norms and pointing to the necessity of streamlining government policies for an enhanced rule-based multilateral framework.

Drawing on Việt Nam’s membership in ASEAN and Bulgaria’s membership into the European Union we ensure and witness consistency and complementarity between our multilateral and bilateral diplomacy and co-operation. In December 2020 under Việt Nam’s Chairmanship of ASEAN both organisations elevated their relationship to the level of strategic partnership, stipulating even deeper joint work on matters of politics, economy, security, connectivity, sustainable development, climate change and green growth. The institutionalisation of the EU-Việt Nam relations continued through the groundbreaking EU-Việt Nam FTA, the launch of the Partnership and Cooperation Agreement and the signature of the Framework Partnership Agreement, to name just a few.

Furthermore, the timely and effective measures for COVID-19 control taken by the Government of Việt Nam made the country a world role model, while in parallel as ASEAN Chair Việt Nam led the regional efforts in containing the pandemic and guiding the post-pandemic recovery. In Europe, Bulgaria participated in developing a common EU approach to ensure safe and free vaccination for all, and in co-ordinating on a 1.8 trillion euro recovery plan; the EU has committed more than 850 million euro to COVAX, working also to advance solidarity with international partners, including ASEAN and its member states, via ‘Team Europe’. The objective, defined as a joint EU global vision, with the substantial financial resources allocated, is “to seek a post-pandemic recovery that is sustainable, human rights-based, inclusive, green, digital, and which strengthens gender equality and boosts human development, especially for those furthest behind.”

Ambassador of the Republic of Bulgaria, Marinela Petkova, with distinguished guests at the ceremony to celebrate the 70th Anniversary of Bulgaria – Việt Nam Diplomatic relations on November 17, 2020, at Hà Nội Opera House. Photo courtesy of the embassy

Now, the emerging new norms of co-operation are integral to seeking pragmatic co-operative solutions and a drive towards inclusive multilateralism, deepening our ties on key priorities and demanding truly strategic relationships. Tackling social and gender inequalities is also essential. In that regard promoting the role and participation of women, including along the Women, Peace and Security Agenda has a vital place in both Bulgaria’s and Việt Nam’s foreign policies, with the alignment of objectives and initiatives between the programme document ‘Hanoi Commitment to Action’ , adopted in December 2020, and Bulgaria’s ‘Women, Peace and Security National Action Plan 2020-2025’ .

Pushing further the multi-stakeholder partnerships between government, society, private sector, academia, scientific community the guidelines of the 13th National Congress of the CPV aim at increasing prosperity towards a high-income Việt Nam by 2045. Transcribed into Vietnam’s Socio-Economic Development Strategy 2021-2030 they outline areas of bilateral collaboration of common significance such as economic modernisation, innovation and promoting environmentally-friendly standards, private sector development, effective institution-building, resilience to climate change and social justice.

******

Bulgaria and Việt Nam’s relationship persevered because it has been continuously adapting and developing, nowadays doing so to match and navigate the ever complex body of entwined international challenges and changing geopolitical realities. Upheld by mutual understanding and true peoples’ friendship the story of the Bulgaria-Việt Nam partnership teaches a lot about solidarity, compassion, generosity of spirit and giving back. It is the story of how diplomacy and dialogue have been instrumental in influencing and strengthening peaceful state-to-state relations.

Decades of mutual support and respect give Bulgaria and Việt Nam the confidence and the ambition to continue to work together to promote growth and ensure sustainable and inclusive national development. While we prepare for another leap forward post-pandemic both countries should continue to act as effective partners in today’s multipolar world, to propel the strategic communication through well-connected networks for dialogue – academic, cultural, social and business, and encourage their significance in state-to-state affairs. VNS

Children from Việt-Bun Kindergarten performing Bulgarian songs at the International Food Festival 2020, on December 6, 2020, in Vạn Phúc Diplomatic Compound, Hà Nội. Photo courtesy of the embassy

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Teenager Quang moves towards SEA Games glory, one step at a time

March 3, 2021 by vietnamnews.vn

Phùng Kim Quang competes in the National Athletics Championship in 2020. The teenager expects to win a medal at the SEA Games later this year. Photo courtesy of Phùng Kim Quang

Athletics

Thanh Hà

HÀ NỘI — Việt Nam have never won a gold medal in the men’s walking event at the regional Southeast Asian (SEA) Games despite having previously qualified for the Olympics in the sport.

Phùng Kim Quang is on a mission to change that.

Walking was little more than a blip on the Vietnamese sporting radar until siblings Nguyễn Thị Thanh Phúc and Nguyễn Thành Ngưng pocketed gold and bronze in the women’s and men’s races at the 25th Games in 2011.

Since then, with better support, Việt Nam have dominated the women’s discipline with four titles. However, the men’s crown is still out of the reach despite three silver medals.

Teenager Quang is the big Vietnamese hope in the sport after recording some outstanding performances at recent domestic competitions.

He is the record holder of the junior tournament and in the top three of the national championship.

Fate

Quang was born in Ba Vì District, in the outskirts of Hà Nội, in 2003.

The naughty little boy loved and played well in all sports such as badminton, shuttlecock, football and track-and-field. After dominating school competitions he became a member of the district athletics team.

Two years later, Quang was among several boys introduced to the walking event, a new sport in the city in 2015. His coach Nguyễn Văn Toản did not pick him at first but when the team did not have enough athletes, Quang was recruited after a second trial.

But Toản, who coached Phạm Thị Thu Trang to the SEA Games women’s title in 2019, gradually found the thin boy was suitable for the sport in which posture is of prime importance while arm, shoulder and leg actions must be well controlled to ensure balance.

After four years in the sport, Quang grabbed his first gold at the National Youth Athletics Championship and a bronze in the National Athletics Championship in 2019.

A year later, the 17-year-old defended his title at the junior 5,000m event and set a new record of 23min 14.21sec, 11 seconds than the old record of 23:14.32 by Dương Hữu Tín of Nghệ An Province in 2013.

“It is a record but I was not very happy. I expected to walk under 22 minutes but the result was more than 23 minutes. I considered it a failure because I could not do it again as I am overage next year,” Quang told Việt Nam News .

Phùng Kim Quang (right) poses for photos after winning a bronze medal together with the champion Nguyễn Thành Ngưng (centre) and silver holder Võ Văn Vĩnh at the 2020 National Athletics Championship in Hà Nội. Photo webthethao.vn

A month later he finished third with a time of 1:37:03 at the National Athletics Championship’s 20km walk.

Despite his strong effort, Quang who suffered a leg injury, could not surpass senior athletes Nguyễn Thành Ngưng and Võ Xuân Vĩnh at the finish line.

“I was really nervous when competing against such experienced rivals although it was my second time. Ngưng and Vĩnh are my seniors and idols. They have won national and international medals,” said Quang.

“However, I have learnt many things from them. From what they knew, they told me how to get better. Ngưng used to tell me ‘effort does not make success immediately, but if you try hard you will make it’. I have pinned it in my mind and will work harder to get better. I will find success by the end of the road,” he said.

Despite the third-place finish, Quang has been tipped for a big future.

“We will invest in Quang with an expectation that he will bring home regional and continental victories and even further he could reach world level if possible,” said Lại Phúc Lộc, deputy director of the Hà Nội Sports and Training Centre.

“We have set plans to send athletes including Quang to compete in open events in Thailand and Singapore (when the COVID-19 pandemic is controlled). Our goal is that Quang will secure a berth in the national team and have a high result in the coming SEA Games,” he added.

It is a huge job for Quang to vie for the national team slot against tough opponents. Ngưng has won the national title for 11 years in a row along with a SEA Games bronze and became the first and only Southeast Asian walker to win an Olympic berth in 2016. The Đà Nẵng-based athlete has vowed not to retire until he wins a SEA Games gold.

Vĩnh is also a big challenge he has finished behind Ngưng many times. He has even outperformed Ngưng in the SEA Games with three silvers in 2013, 2015 and 2019.

The only thing that Quang has on his side is his youth. He will be 18 while Ngưng 29 and Vĩnh 30 at the coming Games.

“My current result does not push me to the national senior team. But it will be my target now. I will have to improve my strength and technique. I also have to decrease my time because I want not only to be part of the coming big tournament but also win a medal,” Quang said. VNS

Filed Under: Uncategorized tournament, sport, athletics, Vietnam News, Politics, Business, Economy, Society, Life, Sports, Environment, Your Say, English Through the News, Magazine, ..., sea games, 28th sea games, 29th sea games, The SEA Games, SEA Games organizing committee, sea games 2015, sea games 2017 football, sea games online, sea games basketball, sea games volleyball, SEA Games Wushu, 2017 sea games

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