Hanoi (VNA) – Vietnam has recorded significant achievements in managing national foreign debts over the past three decades, said an official at a workshop held in Hanoi on January 26. Vo Huu Hien, Vice General Director of the Ministry of Finance’s Department of Debt Management and External Finance, made the statement, adding that the effective management has transformed Vietnam from a poor and heavily indebted country into a one receiving international organisations’ recognition as having a controlled external debt level and being excluded from the group of countries with a debt burden. According to data from the ministry, the public sector’s proportion in the structure of the national external debt decreased from 73.6 percent in 2010 to 63.4 percent in 2015 and 43.7 percent in 2020. The Government’s foreign loans are mainly official development assistance and concessional loans. To date, Vietnam has signed more than 85 billion USD worth of these loans. … [Read more...] about Progresses seen in Vietnam management of national foreign debts: workshop
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Foreign experts herald Vietnam’s successes
In the international arena, Vietnam’s stature in ASEAN has increasingly improved after its successful tenure as the ASEAN Chair in 2020. Vietnam has also become a promising partner of several Asian and Western countries in various fields, including the US and the EU. … [Read more...] about Foreign experts herald Vietnam’s successes
Vingroup to launch Vietnam’s first powerful authentication cloud service
For businesses with a large number of internal users and applications and providing products and services to the outside (such as banks, e-commerce exchange and super apps), it takes a lot of time and is difficult to deploy and integrate a strong authentication service. VinCSS FIDO2 Cloud service will be provided to a group of customers in the form of a private cloud service or inside an on-premise software, significantly shortening the deployment time, simplifying administration and reducing costs. … [Read more...] about Vingroup to launch Vietnam’s first powerful authentication cloud service
Opening of 13th National Party Congress a magnet to int’l media
Hanoi (VNA) – Reuters news agency on January 26 ran an article highlighting the opening of the 13th National Congress of the Communist Party of Vietnam (CPV) in Hanoi and the Political Report by General Secretary Nguyen Phu Trong. The leader delivered the Political Report of the 12th Party Central Committee, in which he hailed booming economic development and containment of the COVID-19 pandemic as major achievements, according to the article. “Our country has been developing rapidly and sustainably, consolidating people’s confidence in the Party, the state and the socialist regime,” the leader is quoted as saying. “Corruption has been gradually contained and prevented.” The news agency added that Vietnam has seen its economy outstrip much of Asia in the past year, keeping the COVID-19 pandemic at bay thanks to stringent quarantine measures, testing and tracing. “In the context of rapid and complicated global evolution, we have been … [Read more...] about Opening of 13th National Party Congress a magnet to int’l media
New, outstanding issues in national development orientations for next decade
Also among the orientations are building and completing the socialist law-governed State; building a clean, strong, lean, efficient, and effective political system; pushing ahead with the fight against corruption, wastefulness, bureaucracy, and negative phenomena; and continuing to enhance Party building and rectification in a comprehensive manner, in association with reforming the Party’s leadership and ruling methods. The Party General Secretary and State President said the Party’s 13th tenure is an extremely important milestone since it serves as the prerequisite for the next tenures to successfully achieve the strategic national development goals for 2030, with a vision to 2045. He emphasised the resolve to effectively carry out the tasks and solutions put forth in the documents submitted to the 13th National Party Congress so as to herald a new development phase for the country, with the following focuses: First, to continue promoting Party building and … [Read more...] about New, outstanding issues in national development orientations for next decade