Law on anti corruption

Deputy Finance Minister Nguyen Duc Chi is assigned to directly take the charge of the State Securities Commission (SSC) from May 19. (Photo: SGGP) In a dispatch to the SSC, Minister Phoc stated that Deputy Minister Chi will manage the commission during the consideration and completion of personnel for the commission. Earlier on May 18, the Party Central Committee’s Inspection Commission announced the inspection conclusions and Party disciplinary measures on the SSC Party Committee in the 2015-2020 tenure and relevant individuals. Right after that, the Ministry of Finance directed the SSC, stock exchanges, the Vietnam Securities Depository and relevant agencies to review and implement measures to remedy the violations and shortcomings. Specifically, the ministry dismissed Tran Van Dung from the position of the Chairman of the SSC, while giving a warning to Vu Bang, former Secretary of the SSC Party Committee in the 2015-2020 tenure and former SSC Chairman. The Ministry of … [Read more...] about Deputy Finance Minister Nguyen Duc Chi takes charge of SSC

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

Party General Secretary Nguyễn Phú Trọng meets the Speaker of the Singaporean Parliament Tan Chuan-Jin on Friday. VNA/VNS Photo Trí Dũng HÀ NỘI — Party General Secretary Nguyễn Phú Trọng met the Speaker of the Singaporean Parliament Tan Chuan-Jin yesterday, highlighting that the two countries should continue promoting their strategic partnership. The Singaporean Speaker emphasised that the strategic partnership between them had developed strongly and deeply in all fields. Singapore attached great importance to developing relations with Việt Nam, he said, noting that people-to-people exchanges were an important basis for bilateral relations. He informed the Vietnamese Party chief of the results of talks with the Chairman of Việt Nam’s NA Vương Đình Huệ, including the signing of a Memorandum of Understanding on cooperation, agreeing to strengthen exchanges and contacts between parliamentarians as well as cooperation between committees and at international forums. Party General … [Read more...] about Việt Nam, Singapore to promote strategic partnership

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

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