State apparatus streamlining

The State Bank of Vietnam sets the daily reference exchange rate for the US dollar at 23,109 VND/USD on May 27, up 4 VND from the previous day. (Photo: VNA) Hanoi (VNA) – The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,109 VND/USD on May 27, up 4 VND from the previous day. With the current trading band of /-3 percent, the ceiling rate applicable to commercial banks during the day is 23,802 VND/USD and the floor rate 22,415 VND/USD. The opening-hour rates at commercial banks stayed stable. At 8:30 am, Vietcombank listed the buying rate at 23,030 VND/USD, and the selling rate at 23,340 VND/USD, unchanged from the rates at the end of May 26. BIDV also kept both rates unchanged at 23,070 VND/USD (buying) and 23,350 VND/USD (selling). During the week from May 23-27, the daily reference exchange rate were adjusted down on the first two days but then turned around to follow an upward trend. It ended the week up 8 VND from the … [Read more...] about Reference exchange rate up 4 VND on May 27

S&P forecast Vietnam’s GDP will grow 6.9% in 2022 before settling closer to its long-term trend of growing 6.5%-7% from 2023 onward. S&P Global Ratings on May 26 raised its long-term foreign and local currency sovereign credit ratings on Vietnam to 'BB+' from 'BB'. S&P expects Vietnam's economy to continue its upward trend. Source: S&P The rating agency also affirmed the country’s short-term rating at ‘B’ with a stable outlook. “The stable outlook reflects our expectations that over the next 12-24 months, Vietnam's economy will continue to recover from the challenges posed by the pandemic over the past two years. This will support the external position and rein in fiscal deficits,” it noted. S&P added it could raise the ratings if Vietnam's institutional settings improve considerably, in ways that augment policy predictability and transparency. Such favorable changes in the policy environment could bolster investor confidence in the … [Read more...] about Vietnam’s long-term credit rating upgraded to “BB+”: S&P

The city Party chief spent much time talking and commemorating the two late leaders who made great contributions to the national liberation revolution of Laos and the special friendship between the Parties, States and people of the two nations throughout history. Late Prime Minister Sisavath Keobounphanh had joined in the revolutionary activity very early, in 1947, as a soldier of the Northwestern Propaganda Volunteer Armed-Force Team. In 1950, he joined the Indochinese Communist Party (PCI) and then held many key positions in the Laos Party and State. Meanwhile, late NA President Samane Vignaket had also participated in the revolutionary activity very early. From 1935 to 1945, he joined the revolutionary forces for national liberation in Laos and was appointed to important positions of the Party and State, including Member of the Politburo, President of the Laos National Assembly, Minister of Education and Sports, Head of the Organization Commission of Lao People’s Revolutionary … [Read more...] about HCMC Party Chief visits families of late senior leaders of Laos

Officers and soldiers of Sapper Unit No. 1 (Photo: VNA) set off to participate in the UN peacekeeping operations (Photo: VNA) The spirit of dedication and responsibility of Vietnamese soldiers has helped spread the image of the country and people of Vietnam who love peace for a prosperous and progressive human community. President Nguyen Xuan Phuc has assessed the engagement in UN peacekeeping activities over the past 8 years as a bright spot in the multilateral diplomacy of the country’s Party, State and army. The establishment of the Vietnam Peacekeeping Centre and the send-off for the first two VPA officers to work as liaison officers at the UN Mission in South Sudan on May 27, 2014, marked the nation's official participation in UN peacekeeping operations. On November 13, 2020, the National Assembly passed Resolution No. 130/2020/QH14 on joining the UN peacekeeping force, which clearly stipulates principles, forms, fields and forces, competence, force deployment process, … [Read more...] about Engagement in UN peacekeeping missions

The Vietnam Bear Rescue Center will be located at  Bach Ma National Park in the Central province of Thua Thien-Hue. The new facility will be constructed on an area of 12.7 hectares including 12 houses and 12 semi-wild houses with a total non-refund donation of US$10.5 million from Animals Asia. According to the Vietnam Bear Rescue Center, on May 27, the Forest Protection Department under the Ministry of Agriculture and Rural Development , the Bach Ma National Park coordinated with the Animals Asia to organize a ceremony to publicize the project, which will be built in the administrative-service area of the Bach Ma National Park to serve over 300 species of bear in a semi-natural environment. The project is expected to start construction in 2022 and be completed in four years later. Doctor. Jill Robinson MBE, the founder and General Director of Animals Asia Speaking at the ceremony, Deputy Director of the Forest Protection Department Nguyen Quoc Hieu informed that … [Read more...] about Vietnam to build second facility of Vietnam Bear Rescue Center in Thua Thien-Hue

During the meetings, Party General Secretary and President of Laos Thongloun Sisoulith, Prime Minister Phankham Viphavan, National Assembly Chairman Xaysomphone Phomvihane and President of the Lao Front for National Construction Central Committee Xinlavong Khoutphaythoun all spoke highly of the cooperation between the Vietnamese southern hub and Lao capital Vientiane as well as other localities of Laos. They affirmed that the Lao people are always grateful for HCM City’s support for and cooperation with not only Vientiane, Savannakhet and Champasak which have twin relations with the city, but also other Lao localities. The visit of the HCM City delegation will contribute to deepening the great friendship, special solidarity and comprehensive cooperation between the two countries, the Lao leaders said. They expressed a wish that HCM City will continue to share its experience in economic development with Vientiane and other Lao localities. The visiting HCM City official expressed … [Read more...] about Lao leaders appreciate Ho Chi Minh City-Vientiane cooperation