Elected prime minister of india

Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc has instructed the quick vaccination for people as more than 100,000 doses of COVID-19 vaccine have arrived in Vietnam.

Chairing a Cabinet’s meeting with the National Steering Committee for COVID-19 Prevention and Control in Hanoi on February 24, the PM said Vietnam aims to provide COVID-19 vaccine shots to all people.

However, as the supply of vaccine cannot meet demand at the same time, priority should be given to certain groups in line with the Government’s resolution, he said, stressing the principle of high-risk groups and pandemic-affected areas coming first, followed by those with lower risks.

More vaccine will be imported in the future to serve domestic demands, the PM said while reminding people and authorities at all levels to continue with strict epidemic prevention measures.

He stressed the need to persist with the twin targets of controlling the pandemic and boosting economic development at the same time.

PM Phuc lauded the efforts of localities in controlling the pandemic.

Regarding the “rescue” of goods in Hai Phong, Quang Ninh and Hai Duong, the Government leader asked the Ministry of Industry and Trade to work with Ministry of Agriculture and Rural Development and Ministry of Health to design procedures to quickly sell agricultural products in pandemic-hit localities.

He also requested media agencies to strengthen communications on preventive measures against COVID-19../.

VNA

Speaking at a meeting between the permanent cabinet members and the standing members of the National Steering Committee for COVID-19 Prevention and Control on February 24, the minister said localities around the country have performed well in implementing prevention and control measures.

As of the morning of February 24, Vietnam had 2,403 COVID-19 infections, with 1,760 recoveries. Ten localities hit by the latest outbreak have now gone many days without new cases, he noted.

In Hai Duong, the pandemic is now under sound control with faster testing and contact tracing.

He said that SARS-CoV-2 variants found in cases in Vietnam include the 20C variant, which was contracted by a Japanese patient found dead in Hanoi earlier this month and another recent case in the capital. This variant is mostly found in the Republic of Korea, India, and Taiwan (China), but not Japan. Its infection speed is not high, while its strength is yet to be determined.

The SARS-CoV-2 variant found in Hai Duong originated from the UK and South Africa, while that in Quang Ninh was also detected in the UK.

The minister asked localities to continue applying preventive measures against the pandemic in line with the Prime Minister’s Directive No 05, while paying greater attention to supervising medical facilities and patients exhibiting fevers and coughs as well as foreign experts and people entering the country from abroad.

Source: VNA

The Hanoitimes – The stock market will continue to be an efficient capital mobilization channel for Vietnam’s economy and a useful instrument for macroeconomic management of the government.

Stable macro-economic environment and the effectiveness of the Securities Law are among favorable conditions to ensuring a strong growth for Vietnam’s stock market in 2021.

Minister of Finance Dinh Tien Dung beats the ceremonial gong to open the first trading session. Photo: MoF

Minister of Finance Dinh Tien Dung made the remarks at the opening of the first trading session of 2021 on January 4.

“The stock market will continue to be an efficient capital mobilization channel for Vietnam’s economy and a useful instrument for macroeconomic management of the government,” stated Mr. Dung.

In 2021, the finance minister expected the stock market to accelerate its restructuring efforts towards greater efficiency and transparency for sustainable development, including the establishment of derivatives and corporate bond markets, along with new securities products under the instruction of Prime Minister Nguyen Xuan Phuc.

“The Ministry of Finance will provide more solutions to speed up the privatization and State capital divestment at State-owned enterprises to help boost liquidity and the size of the stock market,” he noted.

As the finance ministry is in the process of drafting the national strategy for stock market development for the 2021-30 period, there will be a clear plan to support the long-term development of the stock and capital markets, stated Mr. Dung.

In 2020, Vietnam’s stock market was among those severely affected by the pandemic that had plummeted to its rock-bottom with a 25% slump.

Minister of Finance Dinh Tien Dung. Photo: MoF.

Since the benchmark Vn-Index fell to its rock-bottom in March 2020 with a 25% slump, the stock market has been on the steady rise and ended the last trading session of the year at 1,103.87, representing an increase of 14.9% against early 2020 and 67% compared to its lowest point.

The average trading value last year hit VND7.39 trillion (US$316.6 million), up 59% year-on-year, in which the average numbers in the November-December stood at VND10 trillion (US$433.6 million) and VND14 trillion (US$641.7 million), respectively, more than double the average figure in 2019.

The government bond market in 2020 mobilized VND333 trillion (US$14.43 billion), up 64% year-on-year, while the figure from the corporate bond market stood at VND400 trillion (US$17.34 billion), or 14.7% of the overall GDP.

As the stock market ended with a high note, nearly 84% of public firms have generated profit, which is a high rate amid the Covid-19 pandemic.

“Vietnam’s stock market could be included among the world’s best performing in terms of resilience and recovery capability,” noted Mr. Dung.

Vn-Index surge in 2021 first session

In the first trading session of the year, the stock market continued the strong momentum from last year with a large inflow of capital into the market. At the close today [January 4], the Vn-Index ended at 1,120.47, representing an increase of 16.6 points or 1.5%. Of the total, 380 were advancers and 75 decliners.

Top gainers from today sessions are securities firms, or those in real estate, construction, oil, steel or aviation, with a combined trading volume of VND19 trillion (US$824 million) from HoSE, Hanoi Stock Exchange and the Unlisted Public Company Market (UPCoM).

Foreign investors, however, remained net sellers with VND375 billion (US$16.2 million), focusing on VNM, MBB, CTG or HPG.

Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc attended and delivered remarks at an open debate of the UN Security Council (UNSC) on addressing climate-related risks to international peace and security, which was held in the form of video conferencing on February 23.

Following is the full text of the Prime Minister’s remarks.

Mr. President,

I applaud the initiative of the UK Government and yourself, Mr. President, to host this important UNSC open debate on “Addressing climate-related risks to international peace and security”. I would like to thank UN Secretary General António Guterres and Chair of the UN Youth Advisory Group Nisreen Elsaim for your insightful and substantive information and recommendations.
Mr. President,

Earth – our blue planet, and our shared home – is suffering from grievous impacts of climate change. 2020 was one of the three hottest years in modern history, and was faced with the constant and severe aftermaths of floods, droughts, bushfires, rising sea level, and the unprecedented COVID-19 outbreak.

Such calamities have placed great burdens on the political and socio-economic life of many countries. They have caused unemployment and poverty, affected the livelihood of hundreds of millions of people, and risked creating instabilities or exacerbating present conflicts in many countries and regions, thus threatening international peace and security. In addition, conflicts and instabilities would further erode countries’ resilience, and rob them of valuable resources that could have been utilised to overcome the challenges of climate change.

Therefore, I propose that the UNSC, with its foremost mission being the maintenance of international peace and security, needs to galvanize collective and persevering efforts of the international community via the following measures:

First, a comprehensive and balanced approach is necessary in handling the connections between traditional and non-traditional security challenges, particularly in addressing the root causes of conflicts, such as poverty, inequality, power politics and unilateral interference and coercion. Strict adherence to the UN Charter and international law must truly become a standard of behaviour for countries in international relations.

Second, for the 2030 Agenda for Sustainable Development (SDG-2030), the UN Framework Convention on Climate Change (UNFCCC), and the Paris Agreement (COP-21) to be effectively implemented, the UNSC and the international community should allocate greater resources to support developing countries, least developed countries, small island developing states, and land-locked countries that are most detrimentally affected by climate change, and are also lacking expertise and resources.

Third, I hope that the UNSC will continue to enhance its early warning capacity, and bolster its role in mediating, preventing and resolving conflicts in all regions, including through enhancing cooperation with regional organisations.

Fourth, in order to harmoniously manage the connection between climate change and security, it is necessary to continue upholding the principles of respect for the sovereignty, national ownership and principal responsibilities of states. The shared interests of communities and peoples, particularly vulnerable groups, must be placed at the heart of all national and global climate action strategies and plans.

Mr. President,

According to the World Bank, Vietnam is among the six countries most severely affected by climate change. Thus, active and effective response to climate change is both a major guideline and a strong political resolve by the Vietnamese Government. Vietnam has made great efforts to fulfil its international commitments on climate change (SDG-2030 and COP-21). In this connection, we support all endeavours to address climate-related challenges at the UNSC and other multilateral forums. I hope that the international community will provide Vietnam with further assistance and resources, so that we can better fulfil our commitments. Vietnam will work closely with other ASEAN members and support the cooperation between ASEAN and the UN.

Mr. President,

The world is burdened with the fight against COVID-19. Responding to the appeal of the UN Secretary General in “Making peace with nature is the defining task of the 21st century”, we should take bold actions and enhance international unity. I am confident that the “challenges” stemming from climate change can be transformed into “drivers” for change, contributing to fostering a future of peace and more sustainable development for next generations.

Thank you./.

VNA

The Hanoitimes – The Vietnamese government remains steadfast in disbursing the full target amount of VND630 trillion (US$27.26 billion) to aid economic recovery.

Officials would face disciplinary actions if their ministries and localities fail to realize their respective disbursement targets of public investment funds for this year, Prime Minister Nguyen Xuan Phuc has warned.

The government remains steadfast in disbursing the full target amount of VND630 trillion (US$27.26 billion).

The government remains steadfast in disbursing the full target amount of VND630 trillion (US$27.26 billion) to aid economic recovery, and this requires the active participation of the entire political system, Mr. Phuc said at a government meeting today [August 21].

Priority should be given to major infrastructure projects to avoid any delay, including the North-South Expressway, Long Thanh International Airport, and My Thuan – Can Tho expressway, among others, Mr. Phuc stressed.

Minister of Planning and Investment Nguyen Chi Dung said the most challenging issue in public disbursement is the site clearance process, including the verification of the origin of land and the compensation for affected households.

Mr. Dung pointed to the site clearance as a major obstacle for the Eastern North-South expressway project in the 2017 – 2020 period, in which 13 provinces and cities are involved.

As of July 31, the disbursement amount stood at VND193.04 trillion (US$8.32 billion) or 40.98% of the government’s target. The figure is estimated to reach VND221.76 trillion (US$9.56 billion) or 47% of the total estimate by August 31, higher than the 41.39% recorded in the same period last year.

To date, 39 ministries, ministerial-level agencies and six provinces have disbursed 35% of plans or less, with 15 agencies and one province disbursing even less than 15%.