State budget deficit

An overview of the 15th National Assembly's third session. (Photo: VNA) Hanoi (VNA) – Continuing the working agenda of the 15th National Assembly (NA)’s third session, deputies on May 25 morning discussed in groups the supplementary assessment of the implementation of the socio-economic development plans and the state budget in 2021 and in the first months of 2022, the 2020 State budget balance, and the practice of thrift and wastefulness prevention in 2021. The implementation of the 14th NA’s Resolution 42/2017/QH14, dated June 21, 2017, on piloting the settlement of bad debts of credit institutions and the extension of the time limit for application of all provisions of this resolution were also tabled. In the afternoon, the National Assembly will listen to Minister of Health Nguyen Thanh Long’s report on the draft Law on Medical Examination and Treatment (amended), and a verification report on this draft law delivered by Chairwoman of the NA Committee for Social Affairs … [Read more...] about NA discusses amended draft laws on medical check-up and treatment, cinematography

The sum, approved Tuesday by provincial legislators, is half of the total cost needed for clearing that section. Stretching almost 54 kilometers (33 miles), Bien Hoa – Vung Tau Expressway will connect the southern industrial provinces of Dong Nai and Ba Ria-Vung Tau, which are home to several seaport logistics complexes. It will run 34.2 kilometers across Dong Nai. Ba Ria – Vung Tau, home to beach town Vung Tau, had previously agreed to pay VND670 billion, or half the cost to clear the provincial section site. The rest of the sum for site clearance will be extracted from the state budget. As approved, the expressway will cost around VND18 trillion of the public funds and be completed by 2025. In its first phase, the route will have four to six lanes and allow vehicles to travel at 100 kph. It is one of three expressways the government plans to build to meet the urgent transportation needs of the southern key economic region, which comprises Ho Chi Minh City and the … [Read more...] about Dong Nai contribute $111 mln to expressway linking with beach town Vung Tau

Members of the Government's steering committee for administrative reform chair the launch of the 2021 PAR Index in Hanoi on May 25. (Photo: VNA) Hanoi (VNA) – The Ministry of Justice (MoJ) and Hai Phong city were placed first in the 2021 Public Administration Reform Index (PAR Index) rankings, according to the results unveiled on May 25. Pham Minh Hung, Director of the Ministry of Home Affairs’ Department for Administrative Reforms, said the survey covered 19 ministries and sectors, excluding the Ministry of Public Security, the Ministry of National Defence, and the Government Office. The Government’s Committee for Ethnic Minority Affairs and the Government Inspectorate were assessed but not ranked. Meanwhile, all the 63 provinces and centrally-run cities were surveyed and ranked. It collected feedback from over 49,600 civil servants, leaders and managers of ministries and localities (rising 2.25-fold from the 2020 poll), nearly 30,000 people and enterprises, along with … [Read more...] about Justice ministry, Hai Phong named best performers in administrative reform

Nguyen Thi Hong, Governor of the State Bank of Vietnam , delivered a report to the National Assembly during a meeting in Hanoi on May 24. (Photo: VNA) Hanoi (VNS/VNA) - The Government has asked for an extension to a pilot programme designed to handle bad debt from domestic financial institutions during a meeting of the National Assembly on May 24. The programme, issued under Government Decree 42 in 2017, was set to be extended until the end of 2023. The programme, since its implementation five years ago, has contributed to the restructuring of numerous financial institutions and the collection of bad debt during the 2016-2020 period, according to Nguyen Thi Hong, Governor of the State Bank of Vietnam (SBV). By the end of 2021, the programme had helped handle over 380 trillion VND in bad debt, or 47.9 percent of the country's entire bad debt since August 15, 2017. On average, some 5.67 trillion VND in bad debt was processed each month during the period, … [Read more...] about Gov’t asks for extension to bad debt programme

State Bank of Vietnam sets daily reference exchange rate for the US dollar at 23,103 VND/USD on May 25 (Photo: VNA) Hanoi (VNA) – The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,103 VND/USD on May 25, unchanged from the previous day. With the current trading band of +/-3 percent, the ceiling rate applicable to commercial banks during the day is 23,796  VND/USD and the floor rate 22,409 VND/USD. The opening-hour rates at some commercial banks saw strong rises. At 8:30 am, Vietcombank listed the buying rate at 23,050 VND/USD, up 40 VND from May 24, and the selling rate at 23,360 VND/USD, up 50 VND. Meanwhile, BIDV raised both rates by 35 VND, listing the buying rate at 23,070 VND/USD and the selling rate at 23,350 VND/USD./. VNA … [Read more...] about Reference exchange rate unchanged on May 25

The validity extension of the resolution is of particular significance due to rising bad debts during the pandemic. The National Assembly’s Economic Committee has agreed with the Government’s proposal on extending the validity of resolution No.42 on pilot bad debt management until December 31, 2023. Vu Hong Thanh, chairman of the Economic Committee under the National Assembly. Photos: quochoi.vn “Past results in treating bad debts under the resolution have been positive and helped further channel the capital into business and production activities,” said Vu Hong Thanh, chairman of the Committee at a discussion session held by the National Assembly on May 24. Thanh noted the end of resolution No.42, originally scheduled for this August, may cause difficulties in treating bad debts. “The extension of its validity period, therefore, would help ensure efficiency in treating bad debts, support businesses and people, and reduce risks of possible legal disputes … [Read more...] about National Assembly greenlights extension of resolution on bad debt management

The event was held by the Criminal Investigation Department under the Ministry of National Defense. The training course aims to raise professionalism, experience, and capability of heads and deputy heads of investigation agencies and investigators in studying and applying regulations to dealing with crime denunciations, crime reports, petitions as well as in investigating and handling cases. During the event, experts from the High People's Court of Hanoi, the Ministry of Public Security, and the Ministry of National Defense will share their experience in investigation and update participants on new contents in legal documents related to settlement of crime denunciations, crime reports, and petitions. Speaking at the opening ceremony, Senior Lieutenant General Vo Minh Luong asked the military criminal investigation sector to accurately evaluate and forecast the law violation and criminal situation. He urged the participants to promote studying to raise their professionalism and … [Read more...] about Deputy Defense Minister Vo Minh Luong’s activities on May 25

Accordingly, Deputy Chief of the General Staff Ngo Minh Tien and Political Commissar of the National Defense Academy Luong Dinh Hong were promoted from the rank of Lieutenant General to Senior Lieutenant General. State President Nguyen Xuan Phuc, who is also Chairman of the National Defense and Security Council and Commander-in-chief of the People’s Armed Forces, handed over the promotion decisions to the officers at the ceremony. Addressing the ceremony, State President Nguyen Xuan Phuc congratulated the two officers on their ranks promotion. He affirmed that the promotions were to recognize contribution of the two senior officers to the national construction and defense cause. He noted that Senior Lieutenant Generals Ngo Minh Tien and Luong Dinh Hong are outstanding servicemen of the Party, State, and military. They are well-trained and experienced officers who have gained remarkable achievements in their task performance, he stressed. The State President hoped that the two … [Read more...] about Defense senior officers get ranks promoted

Vietnamese Ambassador to the United Kingdom and Ireland Nguyen Hoang Long (R) presents his letter of credentials to Irish President Michael Daniel Higgins (Photo: VNA) London (VNA) – Vietnam ese Ambassador to the United Kingdom and Ireland Nguyen Hoang Long presented his letter of credentials to Irish President Michael Daniel Higgins on May 24. In his reception for the Vietnamese diplomat, the Irish leader appreciated the development of the two countries’ friendship and cooperation, especially in economics, development collaboration, education and culture. He proposed both sides enhance ties in climate change and environmental protection. Expressing his honour to be the Vietnamese Ambassador to Ireland, Long affirmed he will do his utmost to continue developing the bilateral ties extensively, effectively and sustainably. He informed the host of Vietnam’s socio-economic development and external affairs, as well as achievements of the bilateral relations since … [Read more...] about Vietnamese ambassador presents credential letter to Irish President

There are now four Molnupiravir-based drug s produced in Vietnam approved for domestic use. (Photo: suckhoedoisong.vn) Hanoi (VNA) - Molnupiravir Stella 200mg , a drug produced and registered by Stellapharm J.V.Co. Ltd., has been authorised by the Drug Administration of Vietnam (DAV) for the domestic treatment of COVID-19. This is the fourth Molnupiravir-based drug produced in Vietnam to be authorised for use in the country. The DAV orders manufacturers to adhere to documents registered with the Ministry of Health; coordinate with treatment facilities to strictly comply with current regulations on prescription drugs, monitor the safety, effectiveness, and unwanted effects of drugs on Vietnamese people, as well as compile reports according to regulations. At the same time, the DAV also requested local departments of health notify medical examination and treatment facilities, medical staff, and drug suppliers in the area to inform patients of the benefits and risks when … [Read more...] about Another molnupiravir drug authorised for use in COVID-19 treatment