Vietnam influenced by china

MoF suggests reducing trading board lot size from 100 to 10 on HSX The Ministry of Finance has suggested reducing the trading board lot size from 100 to 10 and providing favourable conditions for companies to list again on the Ho Chi Minh City Stock Exchange. Specifically, from July 5, the fresh trading system of the Ho Chi Minh City Stock Exchange (HSX) has officially been put into operation. According to the MoF, the congestion has been basically addressed, stabilising market sentiment, and demonstrating the drastic direction and management of the MoF. To further strengthen the role of securities market management and administration, the MoF required the SSC to follow the below nofitications: (1) Directing both local and foreign-invested securities companies, especially those holding large market shares to report on their technical system infrastructure in a bid to ensure stable and smooth trading. (2) Reviewing the new trading system. Moreover, HSX is encouraged to … [Read more...] about VIETNAM BUSINESS NEWS JULY 28

The policymakers today (July 28) passed resolutions on the national financial plan and debt payment and mid-term public investment in the 2021-25 period, and State budget final accounts in 2019. For the 2021-2025 period, Vietnam is set to borrow VND3,068 trillion (US$134 billion) to serve socio-economic development targets, with the government being obliged to repay VND1,700 trillion ($74 billion) of direct debts. Overview of the National Assembly sitting. Photo: Nhat Bac The figure was included in a National Assembly (NA)’s resolution on the national financial plan and debt payment for 2021-2025, which has received the endorsement of 100% of deputies present today [July 28]. Meanwhile, the resolution set a ceiling for the public debt at 60% of the GDP, and the Government's debt at 50%. The Government’s debt repayment obligation should not exceed 25% of total budget revenue, and national foreign debt payment less than 25% of total exports. Under the … [Read more...] about Vietnam’s parliament approves plan to borrow US$134 billion in next 5 years

Among the new patients, Ho Chi Minh City recorded the most, 2,334, followed by its neighbor Binh Duong Province, 631, and the Mekong Delta province of Dong Thap, 153. Of all the new infections, 781 were detected in the community and 2,916 were in quarantine zones and areas under lockdown. On Wednesday 6,559 cases were recorded in total, with 4,449 of them in HCMC. More than three months into the new wave, Vietnam has recorded community infections in 62 of its 63 cities and provinces. Between July 19-26, 106 deaths were recorded nationwide, with 91 of them in HCMC. HCMC has the highest number of infections, over 77,100. The country has administered more than 5.5 million Covid-19 vaccine shots, fully vaccinating 450,836 people with two shots. … [Read more...] about Vietnam records 3,697 new Covid-19 cases

Illustration photo. Source: freepik.com Decree No.72/2013/ND-CP dated 2013 on internet services and online information has been one of the key legal instruments in the realm of cyberspace, with some coining it the “Vietnam Internet decree”. Despite the amendments made to Decree 72 in 2018, it appeared that many notable issues around the internet in recent years were still not addressed. Government oversight of these services has become inevitable. The growing influence of foreign internet service providers has also certainly played a critical role in pressuring Vietnam’s government to address these issues quickly. In addition, the country’s data centre market is booming and projected to reach $1.64 billion by 2025 due to the general shift of enterprises to cloud platforms and the growing embrace of the Internet of Things, big data, and cloud-based solutions. Last year the government issued a draft outline of a decree amending Decree 72, and this month the draft decree was … [Read more...] about Vietnam bulking up protection of online information

UNESCO Chief Representative in Vietnam Michael Croft (Photo: VNA) Hanoi (VNA) - Since joining UNESCO in July 1976, Vietnam has continued to play a greater role, and has been a very active member of the Executive Board of different committees, said Michael Croft, UNESCO Chief Representative in Vietnam . “To give a general assessment of Vietnam towards the United Nations, the easiest thing to say is it's certainly very positive,” Croft said in an exclusive interview with the Vietnam News Agency on the occasion of 45 years of Vietnam joining the UN Educational, Scientific and Cultural Organisation ( UNESCO ). The country has also been active, particularly in the culture sector in terms of supporting some of the new resolutions and new conventions, especially the convention on promoting the diversity of the cultural expression , he added. Vietnam demonstrates to other member states how to leverage UNESCO’s designations, he said, adding “we have seen in terms of … [Read more...] about Vietnam plays greater role in UNESCO

The Ministry of Health logged more than 6,500 domestic COVID-19 cases in Vietnam on Wednesday, down over 1,300 from a day before. Thirty-six provinces and cities registered 6,555 locally-infected patients, compared to 7,911 domestic cases in 38 provinces and cities on Tuesday, while another four infections were imported from abroad, the health ministry said. A total of 1,184 cases were detected in the community whereas the remainder were found in isolated areas or centralized quarantine facilities. Ho Chi Minh City reported 4,449 of the latest domestic infections, Binh Duong Province 631, Dong Nai Province 271, Dong Thap Province 244, Khanh Hoa Province 147, and Tay Ninh Province 120. Since the fourth COVID-19 wave began in Vietnam on April 27, the country has registered 117,042 community transmissions in 62 out of its 63 provinces and cities. Ho Chi Minh City is taking the lead with 77,189 patients, followed by Binh Duong Province with 9,540, Bac Giang Province with 5,735, … [Read more...] about Vietnam’s daily local coronavirus count falls by over 1,300 cases