Tran Quoc Phuong-Deputy Minister of Planning and Investment When planning for 2022, the Ministry of Planning and Investment (MPI) and other ministries, agencies, and localities estimated that several projects could complete investment procedures in the first quarter, and after completing these, capital would be delivered immediately. However, due to the pandemic, many projects have not yet been approved for investment decisions by the end of the first quarter and could not allocate capital, affecting disbursement activities. Moreover, 2022 is a year with many new construction projects. When a new project was started last year, following the Law on Construction enacted in 2021, the disbursements must proceed this year. The National Assembly (NA) has approved the medium-term public investment plan (MTIP), but it can take another 6-7 months to complete the procedures for investment decisions and contractor selections. The flexible adjustment of public investment capital will … [Read more...] about Tackling slowing public investment for good of nation
Potentials and challenges of biodiversity conservation and national development
U.K. attaches importance to agriculture cooperation with Vietnam
During talks with visiting Deputy Minister of Agriculture and Rural Development of Vietnam Phung Duc Tien at the headquarters of DEFRA, Prentis affirmed her country’s commitment to strongly support the transformation of Vietnam's agriculture towards green, low emission and sustainable development. For his part, Tien proposed specific cooperation, including in the field of policy, to develop green and low-emission agriculture, promote the opening of agro-forestry-aquaculture markets, and strengthen cooperation in sustainable development, climate change adaptation and biodiversity. He expressed his hope that the two sides will soon sign a Memorandum of Understanding (MoU) on cooperation in agriculture and rural development, thus promoting and realizing priority cooperation programs and activities in 2022-2025. Regarding future orientations for cooperation, the Vietnamese official suggested the U.K. government to soon consider opening the market for fresh fruits such as mango, … [Read more...] about U.K. attaches importance to agriculture cooperation with Vietnam
Việt Nam calls for Asia to create peaceful, sustainable environment for world prosperity
Deputy Prime Minister Phạm Bình Minh delivers a speech at the 27th International Conference on the Future of Asia in Tokyo on Thursday. — VNA/VNS Photo Đào Thanh Tùng TOKYO — Deputy Prime Minister Phạm Bình Minh proposed that Asia strengthen its responsibility in keeping and creating a peaceful and sustainable environment for development and prosperity in the region and the world. This should be based on cooperation, understanding, trust, and responsibility, he said, while delivering a speech at the 27th International Conference on the Future of Asia (FOA 2022) in Tokyo on Thursday. He said, entering the third decade of the 21st century, the Asian region is witnessing profound historical changes, with both opportunities and challenges that have long-term impacts on future generations. As the region and the world are focusing resources to handle urgent unprecedented issues, first and foremost, countries need to make responsible contributions, show mutual respect, and equally … [Read more...] about Việt Nam calls for Asia to create peaceful, sustainable environment for world prosperity
Vietnam seeks to contribute to peace and stability in Asia
Amid growing challenges of global food security, Vietnam would further enhance the exports of food and agricultural products. Vietnam seeks to contribute to peace and stability in Asia and the world and remains steadfast in pursuing an independent foreign policy based on multilateralism and active integration into the global community. Deputy Prime Minister Pham Binh Minh at the event. Source: VNA “The Vietnamese Government considers the people at the center and engine for growth, and is committed to ensuring social justice and advancement, along with a healthy cultural and social environment.” Deputy Prime Minister Pham Binh Minh gave the remarks at the 27 th International Conference on the future of Asia held in Tokyo on May 26. This year’s event, themed “Redefining Asia’s role in a divided world,” focuses on discussing the regional and global situation, for which leaders from countries such as Japan, Vietnam, Laos, Thailand, Singapore, and Cambodia … [Read more...] about Vietnam seeks to contribute to peace and stability in Asia
Two Vietnamese agencies elected to ESCAP organisations’ governing councils
The 78th session of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) opened on May 23 in Bangkok. — VNA/VNS Photo BANGKOK — The General Statistics Office (GSO) of Việt Nam and the Việt Nam Institute of Agricultural Engineering and Post-Harvest Technology (VIAEP) on May 25 were elected to the Governing Councils of the Statistical Institute for Asia and the Pacific (SIAP) and the Centre for Sustainable Agricultural Mechanisation (CSAM) under the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP). The elections were conducted within the framework of the ESCAP’s 78th session held in Bangkok. SIAP is a professional statistics training centre for government officials and others working on official statistics. It offers short- and long-term training specifically to strengthen knowledge and build skills of national governments' employees to produce, use, and share reliable statistics, including for the monitoring of the … [Read more...] about Two Vietnamese agencies elected to ESCAP organisations’ governing councils
Gov’t asks for extension to bad debt program
The program, issued under Government Decree 42 in 2017, was set to be extended until the end of 2023. The program, since its implementation five years ago, has contributed to the restructuring of numerous financial institutions and the collection of bad debt during the 2016-2020 period, according to Nguyen Thi Hong, Governor of the State Bank of Vietnam (SBV). By the end of 2021, the program had helped handle over 380 trillion VND in bad debt, or 47.9 percent of the country's entire bad debt since August 15, 2017. On average, some 5.67 trillion VND in bad debt was processed each month during the period, significantly higher than the 3.25 trillion VND per month prior to the implementation of the program. The program had helped recover 148 trillion VND or 38.94 percent of all bad debt among financial institutions, a marked improvement over the yearly average of 22.8 percent during the 2012-2017 period. A recent SBV report said the bad debt ratio among financial institutions was … [Read more...] about Gov’t asks for extension to bad debt program