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Thai Airways plane (Source: AFP/VNA) Bangkok (VNA) – The Central Bankruptcy Court of Thailand on September 14 approved a request for a debt restructuring plan of Thai Airways International Plc, the nation’s flagship carrier, which has been hit hard by the COVID-19. Thai Airways reduced its stake in May and went to the insolvency court to resolve its debt, which totalled 332.2 billion (10.6 billion USD) by the end of June, according to local media. The carrier, which reported a loss of nearly 900 million USD in the first quarter of this year, is seeking a loan worth around 1.78 billion USD in the short term to operate and pay for its employees. It is expected to submit the debt restructuring plan by the end of this year. The global aviation sector has plunged into crisis by the pandemic as countries severely restricted travel, forcing airlines to ground vast numbers of planes and seek government help as they hemorrhaged cash./. VNA … [Read more...] about Thai Airways receives court greenlight for debt restructuring

Vice Chairman of the HCMC Steering Committee for Covid-19 Prevention and Control, Economic Recovery Pham Duc Hai is delivering his speech at the meeting All public hospital except for Nhan Ai Hospital and the leprosy treatment unit as well as all private hospitals (excluding cosmetic clinics) in HCMC accept chip-based citizen ID cards in replacement of traditional health insurance card. After one year carrying out the project ‘ Smart Healthcare from 2021-2025’, the heath sector in HCMC has been able to apply e-medical records in their operation and developed big data on the health and disease patterns of city dwellers. In 2021, the HCMC Health Department cooperated with the municipal Information and Communications Department to pilot the software to collect medical data of over 5,000 residents in Ward 27 of Binh Thanh District. Deputy Chief of the Office of the HCMC Health Department Le Thien Quynh Nhu is making her speech at the meeting It is planned that the city … [Read more...] about Patients increasingly using chip-based citizen ID card for medical registration

The 18th session of the Party Central Committee ’s Inspection Commission in Hanoi (Photo: VNA) Hanoi (VNA) – The Party Central Committee’s Inspection Commission held its 18th session in Hanoi from August 10 - 11 to discuss wrongdoings by several Party bodies and impose disciplinary measures against the officials involved. Looking into wrongdoings in the leadership over COVID-19 prevention and control by the Party civil affairs board at the Hai Duong provincial People’s Committee, the commission said the Standing Board of the provincial Party Committee and the civil affairs board at the provincial People’s Committee had violated democratic centralism principles and working regulations. A lack of supervision had enabled the provincial People’s Committee and some organisations and individuals to break Party rules and State laws on pandemic prevention and control, especially in signing contracts and creating conditions for the Viet A Technologies JSC to exclusively sell … [Read more...] about Party Inspection Commission holds 18th session

A letter signed by Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan asks provinces and cities to review, amend, supplement and improve their industry promotion regulations, prepare local industry promotion programs for 2023 to 2025, develop technical and economic standards for industry promotion activities, create favorable conditions for local departments of industry and trade to help local people’s committees perform state management of industry promotion, and strengthen the inspection, supervision and evaluation of industry promotion activities. Helping rural industrial establishments recover and develop production and trading in the post-COVID-19 period is a task of departments of industry and trade According to the official letter, departments of industry and trade must ensure efficient, on-time implementation of their 2022 national and local industry promotion plans, help rural industrial establishments recover and develop production and trading in the … [Read more...] about Ministry facilitates rural industrial development

Prime Minister Pham Minh Chinh speaks at the conference (Photo: VNA) Hanoi (VNA) - Prime Minister Pham Minh Chinh urged the business community and associations to take specific solutions and join hands with ministries, sectors and localities to remove difficulties, towards promoting economic recovery and sustainable development. Chairing at a Government to Business (G2B) conference on August 11, PM Chinh said thanks to tireless efforts over the last two years, Vietnam has managed to contain the COVID-19 pandemic, with stable macro-economy, inflation under control and positive economic growth . He asked for more efforts to improve the business and investment environment and accelerate the reform of administrative procedure s; build industry strategy and planning; and develop socio-economic infrastructure, towards creating favourable for businesses to build long-term and sustainable business, production and investment orientations. Participants at the meeting … [Read more...] about PM asks for greater efforts to promote sustainable recovery

Presided over by Prime Minister Pham Minh Chinh, the hybrid event brought together cabinet members, representatives from Party and National Assembly’s committees, local administrations, industry leaders, and businesses. It is also an opportunity for the two sides to discuss how the global uncertainties are impacting the country’s socio-economic growth, and chalk out ways to boost production for a faster and more sustainable economic recovery and development. Addressing the event, the PM said thanks to tireless efforts over the last two years, Vietnam has managed to contain the COVID-19 pandemic, with stable macro-economy, inflation under control and positive economic growth, and others. The conference is held for the Government to learn about private enterprises’ losses and challenges facing them during the two years of the pandemic and honor the business community for having made contributions to the country at the time of hardship, Chinh said. Urging for the development of an … [Read more...] about G2B conference looks to boost economic recovery

Ngo Khai Hoan, Deputy Director of the Vietnam Industry Agency Ngo Khai Hoan, Deputy Director of the Vietnam Industry Agency: Industrial production recovers strongly With the government’s decision to switch from “Zero COVID-19” to safe and flexible adaptation to the pandemic, industrial production has seen strong recovery and has been restored to pre-pandemic levels, especially the manufacturing and processing sector. The added value of the industrial sector increased by 8.48 percent in the first half of 2022 compared to a year ago. The index of industrial production (IIP) grew by 8.7 percent in the first half of the year, with the manufacturing and processing sector going up by 9.7 percent. Almost all localities saw IIP increases, with high rates recorded in the provinces of Bac Giang, Bac Ninh, Quang Nam and Binh Phuoc. --------------------------------------------------------------------------- Tran Duy Dong, Director of the Domestic Market Department … [Read more...] about First-half industry and trade highlights