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Deputy Finance Minister Nguyen Duc Chi. — Photo vtv.vn Minister of Finance Ho Duc Phoc had assigned Deputy Finance Minister Nguyen Duc Chi to take charge of the State Securities Commission (SSC) from May 19. In a dispatch to the SSC, Minister Phoc stated that Deputy Minister Chi will manage the commission during the consideration and completion of personnel for the commission. Earlier on May 18, the Party Central Committee’s Inspection Commission announced the inspection conclusions and Party disciplinary measures on the SSC Party Committee in the 2015-20 tenure and relevant individuals. Right after that, the Ministry of Finance directed the SSC, stock exchanges, the Viet Nam Securities Depository and relevant agencies to review and implement measures to remedy the violations and shortcomings. Specifically, the ministry dismissed Tran Van Dung from the position of the Chairman of the SSC, while giving a warning to Vu Bang, former secretary of the SSC Party Committee in the … [Read more...] about Deputy Finance Minister Nguyen Duc Chi takes charge of the State Securities Commission

At the Sunday preparatory session of the National Assembly, while discussing a Cinema Bill, lawmakers considered various ways to fund development of local cinema. A draft of a decree they created said the government would contribute to initially establishing a fund. Then more funding would be raised through voluntary contributions, sponsorships and other sources, it said. Finally, 3 percent would be deducted from ticket sales of foreign movies, 3 percent of film classification fees would be drawn, as would 1 percent of popular movie subscriptions, 0.05 percent of pay-TV subscriptions, 0.5 percent of revenues from advertising on film programs television, and 5 percent of post-audit fee, the decree said. Phan Viet Luong, deputy chairman of the House Committee for Culture and Education, said the fund would support the development of cinema, meeting the aspirations of the industry. Many countries have similar funds, he said. Luong said in the house that his committee is still … [Read more...] about Lawmakers mull creating fund for cinema development

Speakers at last week’s conference noted that dozens upon dozens of multinationals are interested in the healthcare PPP model in Vietnam. Photo: Chi Cuong At last week’s conference on the issue, hosted by VIR , Deputy Minister of Planning and Investment Tran Duy Dong said that Vietnam’s healthcare sector is facing a number of big issues, including rising infectious and non-communicable disease figures, hospital overload, and an ageing population. The pandemic has also revealed some weaknesses in the sector. “To further improve healthcare service quality and meet demand, mobilising financial resources for new development of infrastructure and medical equipment is a key requirement,” he noted. For the past five years, the government has looked to strengthen the implementation of a model for public-private partnerships (PPPs) for the public sector, including in healthcare services. However, according to VIR’s editor-in-chief Le Trong Minh, the picture of such investment in … [Read more...] about More favourable rule system urged for healthcare PPPs

Sacombank, Napas and Nextpay sign a memorandum of understanding for deploying financial solutions for small and medium business owners through NAPAS domestic credit cards in HCM City on May 20. — Photo courtesy of Sacombank Sacombank is one of the main sponsors of the annual Cashless Day organised by Tuoi Tre newspaper. It is for the fourth year Sacombank is taking part in the programme organised to raise public awareness of the benefits of non-cash payment and promote the non-cash payment habit in the community. The bank is also offering attractive promotions to customers who use its cashless payment products. For individual customers who do not have a payment account, Sacombank will waive fee until December 31 this year if they register for Combo Plus or Combo 4.0 (excluding SMS service) at the counter. Customers who use Sacombank Pay or mBanking applications to scan QR codes to make payments or book air, train or bus tickets or hotels will receive a refund of up to … [Read more...] about Sacombank takes part in annual Cashless Day with attractive promotions

Police in Dak Lak, a province in Vietnam's Central Highlands, have detained and levied charges against 28 local residents accused of destroying over 380 hectares of forest in a local commune. The suspects were taken into custody following an investigation which began on April 12 into the largest-ever case of deforestation in Dak Lak, local police announced on Sunday. All 28 suspects have been charged with 'forest destruction' under the Vietnamese Penal Code, and the provincial procuracy has ratified the arrest warrants and prosecutions against them. They were found to have been involved in deforestation activities in different areas of Ya To Mot Commune in the province’s Ea Sup District, with an aim to illegally occupy forest land, police said. The area of destroyed forest totals approximately 382.07 hectares, which is part of the forest areas under the management of the commune administration since 2020, according to investigators. Deforestation in Ya To Mot … [Read more...] about 28 suspects held over largest-ever deforestation case in Vietnam’s highland province

Japan is asking universities for greater scrutiny of foreign students and scholars to prevent technology leaks to places like China, partly for its own national security but also to safeguard exchanges with U.S. and European universities. While many Western countries have measures to prevent espionage on their campuses with strict screening and penalties for breaches, experts say Japan has been a weak link given its often-unchecked embrace of foreign students. A string of U.S. arrests of Chinese academics in recent years over suspicion of spying was a wake-up call for Japan, officials say. "Around the world, export controls are getting more stringent on foreign nations like China," said a Japanese trade ministry official who helps colleges develop ways to monitor high-risk technology transfers and students. "We want Japanese universities to be trusted for their security and trade controls so that joint research with the United States or Europe can continue," said the official, … [Read more...] about With eye on China, and U.S. ties, Japan’s universities to screen foreigners

The Government is committed to taking timely measures to ensure macroeconomic stability. The high inflationary pressure amid the recovery of domestic demand is putting Vietnam’s GDP growth target of 6-6.5% for this year at risk. Overview of the session. Source: quochoi.vn Deputy Prime Minister Le Van Thanh gave the remarks at the third session of the 15 th National Assembly held today [May 23]. According to Thanh, the Vietnamese economy has been on a positive recovery track in the first months of 2022 under the new normal. Total budget revenue for the first four months grew by 15.4% year-on-year to VND657.4 trillion ($28.4 billion), while the consumer price index (CPI) expanded by 2.64%, the lowest four-month period growth in the past five years. As of mid-May, credit growth stood at 7.2% against late 2021 and up 17% year-on-year, which showcases the recovery of economic activities, along with greater efforts from the Government to restore discipline … [Read more...] about High inflationary pressure put GDP 6.5% growth target at risk: Gov’t

General Luong Cuong, Director of the General Department of Political Affairs (GDP); Senior Lieutenant General Nguyen Tan Cuong, Chief of the General Staff and Deputy Defense Minister; Lt. Gen. Trinh Van Quyet, GDP Deputy Director; Lt. Gen. Huynh Chien Thang, Deputy Chief of the General Staff; representatives of the N.A. Committee for National Defense and Security; military N.A. deputies of the 15th N.A.; and representatives for the MND’s authorized agencies attended the event. At the meeting, a representative of the General Staff informed the participants about the regional and global situations with direct connection with the military and defense task performance. He also pointed out several outstanding results in implementing military and defense tasks over the past time and emphasized major missions in the coming time. The Department of Legal Affairs under the MND reported on draft laws and ordinances written by the MND and scheduled to be submitted to the N.A. and N.A. Standing … [Read more...] about MND meets with military N.A. deputies

Digital solutions enable customers to maintain and manage a charging network efficiently. — Photo ABB A full line-up of digital building management and energy distribution systems and transport charging was showcased at the ABB Electrification Innovation Day on May 20 in HCM City. The ABB Electrification Innovation Day features solutions that help customers embrace the power of digitalisation to improve energy consumption, optimise performance and operation, and contribute to a lower-carbon future. The event attracted about 200 experts and participants from consulting, EPC, real estate, and industrial companies. "By leveraging the building blocks of digitalisation, such as service platforms, smart devices, cloud and advanced analytics, businesses have the opportunity to optimise electricity network flows and innovate with customer-centric products," said Noel Hupont, President, Electrification, ABB Vietnam. "ABB Electrification is offering solutions to help businesses … [Read more...] about ABB Electrification Innovation Day showcases energy saving and management technologies

World opening eyes to exciting Vietnamese offerings in F&B. Source: thaifex-anuga.com In order to contribute to the cooperation and trade exchange of businesses in Vietnam and Thailand, THAIFEX-Anuga Asia, the region’s largest food and beverage (F&B) trade fair, is taking place on May 24-28. This year’s fair at the IMPACT complex in Bangkok will include 1,200 exhibitors, 2,500 high-profile buyers, 11 food segments, and approximately 40,000 visitors across the industry. “Participating in the exhibition, we believe that the brands and quality of Vietnamese F&B products will be welcomed in this market. Moreover, Thailand could become a stronger link for Vietnamese goods to enter other markets in which major Thai retailers are reaching out,” said the representative of one Vietnamese business joining the exhibition. Thailand is one of the most familiar and promising markets for exporting F&B products. At last month’s meeting between the industry and trade … [Read more...] about World opening eyes to exciting Vietnamese offerings in F&B