Banking services have also made quick progress, catching up with the development of the international market, according to the PM, who is also head of the committee. However, shortcomings still remain during the implementation of comprehensive finance, he said, adding that residents in rural and remote areas still find it hard to access financial sources. Black credit has remained public concern and agencies and organizations have yet to coordinate concertedly and effectively in the implementation of comprehensive finance, the leader pointed out. He noted that the Government issued Decision No.149/QD-TTg on the approval of a national strategy on comprehensive finance by 2025 with a vision towards 2030. The strategy sets out viewpoints, targets, tasks and solutions to accelerate the access and use of financial products and services for all people and businesses, he continued. The issuance of the strategy reflects the Party’s and the State’s consistent policy on boosting … [Read more...] about PM chairs meeting of National Steering Committee for Comprehensive Finance
Pms stress relief
Vietnam, Laos contribute greatly to ASEAN Community building: Lao Deputy PM
Lao Deputy Prime Minister and Minister of Foreign Affairs Saleumasay Kommasith . (Photo: VNA) Vientiane (VNA) - Vietnam and Laos have made great contributions to the building of the ASEAN Community, Lao Deputy Prime Minister and Minister of Foreign Affairs Saleumasay Kommasith has affirmed. Granting an interview to the Vietnam News Agency (VNA)'s correspondents in Laos on the occasion of the Association of Southeast Asian Nations (ASEAN)’s 55th founding anniversary (August 8), Saleumasay said that Vietnam joined ASEAN in 1995, and two years later, Laos also became a member of the group. Since then, the two countries have become active members, making important contributions to the bloc's policy and vision making. Regarding the building of the ASEAN Economic Community, he said that Vietnam is a major country and plays an important role in the region, and has relations with many countries, especially great powers, which is also its direct contribution to the ASEAN … [Read more...] about Vietnam, Laos contribute greatly to ASEAN Community building: Lao Deputy PM
PM lauds digital transformation in banking sector
Prime Minister Pham Minh Chinh speaks at the event. (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh on August 4 commended efforts by the banking sector in digital transformation with diverse products and services for people and businesses. Addressing “Digital transformation day of the banking sector ” in Hanoi, Chinh, who is also head of the National Committee on Digital Transformation , stressed that the sector has played a significant role in national digital transformation. He urged the sector to further reform its management methods towards modernity and transparency, and diversify and improve the quality of its products and services, contributing to fighting money laundering. The sector should work to understand more about the demand of people, businesses and credit institutions to devise suitable legal documents, facilitating the application of digital technologies in banking services, the PM went on. He asked the State Bank of Vietnam (SBV) to … [Read more...] about PM lauds digital transformation in banking sector
PM urges maintaining vigilance against Covid-19
Prime Minister Pham Minh Chinh speaks at the meeting. (Photo: VNA) Speaking at the meeting of the National Steering Committee for Covid-19 Prevention and Control, the leader stressed the significance of vaccination, and urged ministries, agencies and localities, particularly the Ministry of Health, to step up the communication work. The resurgence of Covid-19 outbreak must be prevented, said PM Chinh, who is also head of the committee, emphasising the three pillars in the fight – testing, quarantine and treatment. Given the appearance of new epidemics, the PM said it is necessary to ensure resources, the quality of preventive health care and medical infrastructure, and enhance grassroots health care. Acting Minister of Health Dao Hong Lan reported at the meeting that in the first seven months of this year, the country recorded over 9 million cases of Covid-19, of which the number of recoveries reached more than 8.5 million and fatalities, 11,000. As of August 4, some 247 … [Read more...] about PM urges maintaining vigilance against Covid-19
PM demands stronger action to disburse public funds
At the Government’s monthly meeting held in Hanoi, the Ministry of Finance reported that nearly 186.85 trillion VND (7.98 billion USD) of investment capital sourced from the state budget had been disbursed as of July 31, equivalent to 34.47% of this year’s target, down slightly from the same period last year. Some central agencies and 11 provincial-level localities recorded a disbursement rate of over 50%. Meanwhile, 41 of the 51 ministries and central agencies, and 18 of the 63 localities, saw a rate below the nationwide average of 34.47%. PM Chinh said the disbursement of public investment is a difficult task, so it has been continually prioritized by the Government. Over the last five years, the seven-month disbursement rate often stood at around 35 - 40%. It was relatively high in 2020 and 2021. But this year, apart from medium-term investment capital, funding for the socio-economic recovery and development program also needs to be disbursed. Therefore, strong … [Read more...] about PM demands stronger action to disburse public funds
Major universities should be role model in management: Deputy PM
Dam stressed that university autonomy is a very long innovation journey with many hardships and difficulties still ahead. However, the reality has proven that higher education results have had more positive changes. The first principle is autonomy, not freedom. It is imperative to comply with the law associated with universities’ responsibilities. Autonomy and university responsibilities have to go hand in hand, according to the Deputy PM. The Deputy PM also emphasized that one of the missions of a university is not only to disseminate and teach knowledge, but also to create knowledge. Therefore, he asked educational institutions to fundamentally innovate in scientific research, and create breakthroughs to promote innovation. Speaking at the conference, leaders of universities all confirmed that university autonomy has brought encouraging results to the higher education system in general and public higher education institutions in particular. Highlighting the "key" to success … [Read more...] about Major universities should be role model in management: Deputy PM