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The  headquarters of the State Bank of Việt Nam (SBV) in Hà Nội. The SBV said the process of restructuring the system of credit institutions and handling the bad debt is being accelerated. VNA/VNS Photo Lê Phú HÀ NỘI — The State Bank of Vietnam (SBV) expects new draft regulations on debt purchase and sale of credit institutions will prevent the institutions from hiding bad debts. The regulations are drafted in a new circular, which will revise Circular No. 09/2015 on debt purchase and sale of credit institutions. The draft circular is to be made public for comments. Besides preventing institutions from hiding bad debts, the SBV believes the revision of Circular No. 09/2015 is necessary as credit institutions reported they faced some difficulties in implementing debt trading according to Circular No. 09/2015 due to a lack of specific guidelines to handle financial issues, debt valuation and exchange rate differences in case the debt purchaser is a credit institution. …

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Prime Minister Phạm Minh Chính has a meeting with representatives of COVID-19 frontline medical forces on Monday. —VNA/VNS Photo HÀ NỘI — The Party and the State always acknowledge the contributions and sacrifice made by frontline medical forces in the fight against COVID-19, said Prime Minister Phạm Minh Chính yesterday at a meeting with representatives of the forces nationwide. He said that frontline medical workers are an important force along with the military, police and others in combating the pandemic. Those who made outstanding contributions deserve to be honoured, he said. Deputy Prime Minister Vũ Đức Đam said many of those meeting the PM took on double tasks - being a doctor and a manager. The frontline medical forces are not only military medics, police officers, nurses, students and volunteers who help doctors at hospitals but also nuns and even recovered patients. They have taken on duties similar to those of doctors. “All medical forces have made extremely …

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Deputy Minister of Labour, Invalids and Social Affairs Lê Văn Thanh Deputy Minister of Labour, Invalids and Social Affairs Lê Văn Thanh told Vietnam News Agency how the ministry had made huge efforts to implement social security policies to keep labourers working after the peak of the fourth wave of the COVID-19 pandemic. Since the beginning of 2020, Government issued many solutions to support its people, businesses and labourers. What are the differences between those policies and the ones introduced at the fourth outbreak of the pandemic? Previously, we had many policies to support businesses and people affected by the pandemic. During this fourth wave of the pandemic, we issued new policies, especially focusing on supporting workers, employers and groups of people directly affected by COVID-19. We have provided more specific support and regulations, and included those who have lost their jobs in the coverage of the policies. In particular, we focused on monetary …

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A view of Đà Nẵng City at night. — Photo baodanang.vn ĐÀ NẴNG — The central city of Đà Nẵng plans to reboot local tourism from October 20, as the COVID-19 pandemic has been under control. From November, the city will embark on “travel bubble” with the central province of Quảng Nam and the northern province of Quảng Ninh, heard a meeting between the municipal People’s Council and local voters last week. Director of the municipal Tourism Department Trương Thị Hồng Hạnh said the city will initially welcome domestic visitors and pilot the serving of foreigners with the slogan “Enjoy Đà Nẵng”, ensuring safety of tourists and employees in the sector. Also in November, the city will serve international visitors who come for official duty, visit relatives and return home. They will be put under quarantine for a week and follow other regulations by the Health Ministry. Others include tourists on full-package tours and those with vaccine passports, focusing on those from the Republic of …

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A coal mine of Núi Béo Coal JSC in the northern province of Quảng Ninh. —  VNA/VNS Photo Trọng Đạt HÀ NỘI — Although global coal prices have reached a record high, Vietnamese coal mining enterprises have still failed to increase revenue and profit, and some of them have even suffered losses. According to the International Energy Agency (IEA), the world average coal price has reached the highest level in history with a year-on-year hike of 110 per cent in the past nine months of 2021 and surging 75 per cent compared to the beginning of the year, though the nine-month global coal demand only increased 4.5 per cent year-on-year, after falling 5 per cent in 2020. However, experts from SSI Securities JSC (SSI) said that the coal price in Việt Nam was not in line with the global price due to the Government’s strict price management policy that allowed only two firms – Việt Nam Coal-Mineral Industries Holding Corp (Vinacomin) and the Quảng Ninh Province-based Đông Bắc …

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A Vietnam – Switzerland cultural festival takes place on October 16 to celebrate the 50th anniversary of the two countries’ diplomatic relations (1971 – 2021). (Photo: VNA) Geneva (VNA) – A Vietnam – Switzerland cultural festival took place on October 16 to celebrate the 50th anniversary of the two countries’ diplomatic relations (1971 – 2021), and enhance people-to-people exchange and cultural and economic cooperation. Present at the event were Vice President of the Council of the State of Geneva Mauro Poggia, and Director-General of the World Health Organisation (WHO) Tedros Adhanom Ghebreyesus. In her welcoming remarks, Vietnamese Ambassador to Switzerland Le Linh Lan highly spoke of the achievements in the bilateral relations, saying 2021 holds a special meaning as the year marks the 50th anniversary of the two countries’ diplomatic ties and the 30th anniversary of their development cooperation. Switzerland was among the first Western nations to establish …

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Illustrative image. (Photo: VNA) Hanoi (VNA) - The General Department of State Reserves under the Ministry of Finance provided over 136,300 tonnes of rice to help pandemic-hit people from August 16 to October 8. national reserve have been transferred to 9 southern provinces and cities to help thousands of people facing difficulties due to the COVID-19 pandemic. Particularly, Ho Chi Minh City received over 71,000 tonnes of free rice. Meanwhile, 4,117.8 tonnes of rice were handed over to Binh Phuoc, Bac Lieu and Soc Trang provinces while 1,847 tonnes of rice were given to Quang Nam and Quang Ngai provinces rice to support 3,360 households with 13,925 people in 10 districts of Gia Lai province. According to the General Department of State Reserves, the timely provision of food from the national reserve is one of the important political tasks particularly in the context of social distancing in many localities due to the complicated development of the COVID-19 …

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At the meeting (Photo: VNA) Hanoi (VNA) – Deputy Minister of National Defence Sen. Lieut. Gen. Hoang Xuan Chien hosted a reception for heads of Vietnam ese representative offices abroad in Hanoi on October 18. Chien congratulated the officials on being appointed to such positions for the 2021-2024 term, and stressed that defence external affairs forms an important part of the Party and the State’s external work as well as people-to-people diplomacy. The Central Military Commission and the Defence Ministry highly valued the attention and close coordination of the Ministry of Foreign Affairs in international integration and defence external affairs over the past time, contributing to implementing the defence external work comprehensively, he said. The Deputy Minister expressed his hope that the chief representatives will fulfil their assigned tasks outstandingly, helping to enhance diplomatic ties between Vietnam and countries and international organisations, and …

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Part of Mong Cai city in Quang Ninh province (Photo: baoquangninh.com.vn) Quang Ninh (VNA) – Quang Ninh ’s success in protecting “ green zones ” from the latest COVID-19 outbreak has created an impulse for businesses based in this northeastern province to recover operations and flexibly and safely adapt to the pandemic. Quang Ninh posted an estimated economic growth rate of 8.6 percent in the first nine months of 2021, much higher than the national average, which was mainly driven by the processing and manufacturing industry. The province’s contribution to the State budget topped 33.5 trillion VND (1.47 billion USD), equivalent to 93 percent of the sum collected in the same period last year, while total investment in society approximated 64 trillion VND, up 7.8 percent. Chairman of the provincial People’s Committee Nguyen Tuong Van attributed the achievements to local businesses and entrepreneurs’ proactiveness in implementing various solutions such as …

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Illustrative image. (Photo: AFP/VNA) Phnom Penh (VNA) – The Cambodian government decided to shorten the quarantine period from October 18. However, the absence of regular commercial flights to Cambodia from the main tourist hubs and people traveling for business purposes is raising concerns about a lack of international visitors. Many experts and travel agency representatives in Cambodia said that when the new normal state is applied, Cambodian authorities need to closely monitor "travel bubbles" with countries that Cambodia regularly receives a large number of flights to and from, both direct or transit. Currently, flights from Malaysia to Cambodia have been banned since July 2020. This ban needs to be lifted so that regular flights are restored. According to a statement released by the Cambodian Ministry of Health on October 16, foreign investors, technical experts, diplomats, and cooperation project managers and coordinators, as well as Cambodian officials returning …

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