Movers from state to state

Hanoi (VNA) - Party General Secretary and President Nguyen Phu Trong chaired a get-together on the occasion of the traditional Lunar New Year on January 22 with veteran revolutionaries, current and former leaders of the Party, State, Vietnam Fatherland Front, and overseas Vietnamese. The Party and State leader offered his New Year wishes to all veteran revolutionaries, incumbent and former leaders of the Party, State and the Vietnam Fatherland Front as well as the entire Vietnamese people in and outside the country on the occasion of the Lunar New Year festival (Tet). He highlighted the great achievements that the country has gained in almost all the fields in 2019, saying that with an economic growth of over 7 percent, Vietnam is among the countries with the highest growth in the region and the world. The GDP scale reached 266 billion USD and per capita income stood at 2,800 USD. Meanwhile, the macro-economy has been kept stable and inflation placed … [Read more...] about Party, State leader holds Tet meeting with senior officials, veterans revolutionaries

The Party and State leader offered his New Year wishes to all veteran revolutionaries, incumbent and former leaders of the Party, State and the Vietnam Fatherland Front as well as the entire Vietnamese people in and outside the country on the occasion of the Lunar New Year festival (Tet). He highlighted the great achievements that the country has gained in almost all the fields in 2019, saying that with an economic growth of over 7 percent, Vietnam is among the countries with the highest growth in the region and the world. The GDP scale reached 266 billion USD and per capita income stood at 2,800 USD. Meanwhile, the macro-economy has been kept stable and inflation placed under control. 2019 is the second consecutive year that all the 12 targets set by the National Assembly  have been completed, he said. The leader also acknowledged the obvious progress in social security, health care, science-technology, education – training, job … [Read more...] about Party, State leader holds Tet meeting with senior officials, veteran revolutionaries

Problems facing private enterprises' growth is a hot topic of discussion for scholars and economists. Tran Van Lam, a National Assembly Deputy, pointed out that management agencies still ‘have some hesitance towards private sector’. This doesn’t come from the government’s leaders, but from agencies at lower levels. … [Read more...] about State urged to remove barriers to pave way for private sector

Hanoi (VNA) - The Ministry of Finance has reported that twelve out of 136 wholly state-owned enterprises had posted losses of 720 billion VND in total (31 million USD) in the first half of last year, and six others faced warnings regarding financial security. The report pointed out state-owned enterprises (SOEs) that posted big losses, including Vietnam Maritime Corporation, Vietnam Coffee Corporation and Corporation 15, with 617 billion VND, 37 billion VND and 48 billion VND, respectively. The report focused on evaluating business performance and publicised financial information from SOEs and enterprises that had at least 50 percent of their charter capital controlled by the State. As of November 30, four out of 20 ministries, ministerial-level agencies and Government agencies had not submitted full financial reports for the SOEs under their management, the report said. On top of that, ten out of the 63 People's Committees in the … [Read more...] about Twelve SOEs report losses in 2019

Kuala Lumpur (VNA) – Malaysian police said on February 21 that they had arrested 11 Malaysians and Filipinos for suspected link to terrorist organisations, including the Abu Sayyaf militant group in the southern Philippines. This was the result of police operations from January 24 to February 6. Among the suspects, 10 were arrested in Sabah State. Notably, there is a 39-year-old Filipino who has received weapon training in the southern Philippines and received order from a senior Islamic State (IS) leader in southern Philippines to bring in several militants to join the IS group in Zamboanga via Malaysia. Another suspect was a 34-year-old Malaysian man, arrested upon deportation back to Malaysia from Singapore, where he was picked up by the Singaporean authorities for attempting to go to Syria to join the IS there. Investigations revealed that the Abu Sayyaf group was attempting to form a terror cell in Sabah to arrange for the entry of IS militants in Southeast Asia to … [Read more...] about Malaysia detains 11 terror suspects