Adu boahen deputy finance minister

Deputy PM Tran Luu Quang meets President of Sri Lanka Ranil Wickremesinghe (Photo: VNA) Tokyo (VNA) – Deputy Prime Minister Tran Luu Quang met with President of Sri Lanka Ranil Wickremesinghe, Speaker of the House of Representatives of Japan Hosoda Hiroyuki, and three co-chairmen of the Vietnam - Japan economic cooperation committee of the Japan Business Federation (KEIDANREN) in Tokyo on May 26. Talking to the Sri Lankan leader, Deputy PM Quang, who is paying a working visit to Japan, affirmed that Vietnam consistently attaches importance to the traditional friendship and multifaceted cooperation with Sri Lanka and wishes to develop bilateral relations more effectively and substantively. He suggested both countries promote partnerships in multiple aspects, including increasing all-level mutual visits and people-to-people exchange; effectively carrying out existing bilateral cooperation mechanisms, particularly the Joint Committee chaired by the two foreign ministries; … [Read more...] about Deputy PM Tran Luu Quang meets leaders of Sri Lanka, Japan in Tokyo

A wind farm of Trung Nam Group in Ninh Thuan Province in the central region of Viet Nam. — VNS File Photo In a session held yesterday, National Assembly deputies delved into the ongoing concerns surrounding the substantial losses reported by Vietnam Electricity (EVN), juxtaposed with the remarkable profits reaped by its member companies. Furthermore, the excess generation of wind and solar power, coupled with the country's continued reliance on imported electricity, were also key points of discussion. EVN, through its subsidiary, the Northern Electricity Corporation, recently inked an agreement with Guangxi Power Grid Company from China. This pact allows EVN to procure electricity from the Chinese company until July. The collaboration entails the sale of electricity via a 110kV transmission line. Nonetheless, specifics regarding the volume of purchases and the cost of the deal remain undisclosed. Both parties have undertaken the necessary preparations, including the … [Read more...] about NA deputies discuss issues surrounding surplus energy and electricity imports

National Assembly Chairman Vuong Dinh Hue congratulates new Chairman of the NA's Finance - Budget Committee Le Quang Manh (L) and new Minister of Natural Resources and Environment Dang Quoc Khanh (R). (Photo: VNA) Hanoi (VNA) – The 15th National Assembly (NA) passed a resolution approving the Prime Minister’s proposal on the appointment of Dang Quoc Khanh, Secretary of the Party Committee of Ha Giang province, as Minister of Natural Resources and Environment at its fifth session in Hanoi on May 22. The resolution to this effect was approved with 454 out of 467 deputies participating in the voting. Khanh, born in 1976, is a member of the 13th Party Central Committee; Secretary of the Ha Giang Provincial Party Committee; and head of the Ha Giang provincial delegation of NA deputies. The 15th NA passes a resolution approving the PM’s proposal on the appointment of Dang Quoc Khanh as Minister of Natural Resources and Environment. (Photo: VNA) On the same day, the … [Read more...] about NA approves appointment of environment minister, elects finance-budget committee chairman

The resolution to this effect was approved with 454 out of 467 deputies participating in the voting. Dang Quoc Khanh, born in 1976, is a member of the 13th Party Central Committee; Secretary of the Ha Giang Provincial Party Committee; and head of the Ha Giang provincial delegation of N.A. deputies. On the same day, the National Assembly decided that Le Quang Manh – a member of the 13th Party Central Committee, Secretary of the Can Tho City Party Committee, and head of the municipal deputy delegation to the 15th N.A. – holds the posts of member of the N.A. Standing Committee and Chairman of the N.A.'s Finance - Budget Committee. The decision was made by 468 out of 469 participating legislators. Le Quang Manh, born in 1974, held many positions at the Ministry of Planning and Investment from 2003 to 2018 and was appointed Deputy Minister of Planning and Investment by the Prime Minister in 2018. Source: VNA … [Read more...] about N.A. approves appointment of environment minister, elects finance-budget committee chairman

Men Sam An lauded contributions of the Bank for Investment and Development of Cambodia (BIDC) and other subsidiaries of BIDV to Cambodia’s socio-economic development over the past 14 years, helping promote investment, trade and tourism activities in the country, as well as the bilateral trade ties. She suggested BIDV and BIDC maintain their locomotive role among Vietnamese enterprises operating in Cambodia, as well as their role as a bridge for economic, investment and trade cooperation between the two countries. Since 2009, BIDV has opened its subsidiaries in the neighboring country in the fields of finance, banking, insurance and stock market, according to its General Director Le Ngoc Lam. BIDC has become a big commercial bank in Cambodia with its charter capital reaching USD 100 million and total assets of USD 882 million as of March 31, 2023. On May 26, Men Sam An had a meeting with representatives of the Viettel Military Industry and Telecoms Group (Viettel). The same … [Read more...] about Cambodian official visits headquarters of Vietnamese bank

Former Chairman of the NA Finance-Budget Committee Nguyen Phu Cuong (Photo: VNA) Hanoi (VNA) – The National Assembly (NA) approved a resolution relieving Nguyen Phu Cuong from the posts of member of the NA Standing Committee and Chairman of the NA Finance-Budget Committee, as part of its ongoing fifth session in Hanoi on May 22. Under the resolution, which won the approval of 462 out of 464 participating legislators, the NA also let Cuong to stop serving as a NA deputy of the southern province of Dong Nai for its 15th tenure. The Party Central Committee on May 15 agreed to let Cuong cease holding the position of member of the 13th Party Central Committee. Cuong submitted his application on May 16 to stop serving as a NA deputy and cease holding the post elected by the 15th legislature. During its 23rd meeting in last November, the Party Central Committee’s Inspection Commission concluded that the Party Civil Affairs Committee of the Dong Nai Province People’s … [Read more...] about National Assembly looks into personnel work

The central bank will continue instructing banks to reduce interest rates, share profits with businesses, and undertake debt restructuring with a greater sense of urgency. Commercial banks must continue optimizing their operational costs while reducing lending rates for both businesses and customers. Deputy Prime Minister Le Minh Khai at the meeting. Photo: Nhat Bac Deputy Prime Minister Le Minh Khai stressed the view during a Government meeting on May 24, discussing solutions to help businesses better access credit and lower interest rates . During the meeting, Khai emphasized the importance of the State Bank of Vietnam (SBV) carefully analyzing factors about credit issuance and the economy's capacity to absorb capital. Such a move will serve as the foundation for banks to devise strategies aimed at reducing costs and lowering both capital mobilizing and lending interest rates, he noted. “Reasonable capital mobilizing rate will be key to … [Read more...] about Banks urged to further cut lending rates

Hanoi (VNA) - The following is a list of selected news summaries last night by the Vietnam News Agency. - The 15th National Assembly (NA)’s fifth session entered the third working day in Hanoi on May 24 under the chair of NA Chairman Vuong Dinh Hue, which was televised on the NA Television's channel. Presided over by NA Vice Chairman Nguyen Duc Hai in the morning, the NA listened to Finance Minister Ho Duc Phoc’s report on State budget execution 2021, the State Auditor General Ngo Van Tuan’s report on auditing State budget execution 2021, Chairman of the NA Finance-Budget Committee Le Quang Manh’s report examining the State budget execution 2021. Read full story President Vo Van Thuong (left) receives credentials from Qatari Ambassador Khalid Ali Abdullah Abel. (Photo: VNA) - President Vo Van Thuong on May 24 received the ambassadors of Qatar, Brazil, Slovenia, Portugal, Estonia and Guinea, who came to present their credentials. At his reception for Qatari … [Read more...] about ☀️ Morning digest May 25

At the meeting (Source: VNA) Hanoi (VNA) - The 15th National Assembly (NA)’s fifth session entered its first working day in Hanoi on May 22 under the chair of NA Chairman Vuong Dinh Hue . In the morning, the NA discussed and voted to approve the session’s agenda, with 471 out of 476 participating deputies voting 'yes'. Deputy Prime Minister Le Minh Khai delivered a report on supplementary assessments on outcomes of the socio-economic development and State budget plans in 2022 and the implementation of such plans for the first months of this year. Chairman of the NA Economic Committee Vu Hong Thanh verified what Khai had reported at the NA. President of the Vietnam Fatherland Front (VFF) Central Committee Do Van Chien presented a report on people's petitions to this session, while Chairman of the NA Standing Committee’s Ombudsman Commission Duong Thanh Binh reported on supervision results of the settlement of petitions submitted to the legislature's fourth … [Read more...] about First working day of 15th National Assembly’s fifth session

With the VAT cut to 8% in the second half of this year, the government estimates a revenue loss of VND24 trillion (US$1 billion). The Government has finalized the plan to reduce the VAT on certain goods by 2%, except for those in the telecommunications, real estate, securities, insurance, and banking sectors. Production at Garment 10 Company in Hanoi. Photo: Khac Kien/The Hanoi Times A proposal to this effect was submitted by the Government to the National Assembly on May 24, providing for a 2% VAT cut to come into effect in the second half of 2023. The group of goods and services not subject to VAT reduction also includes information technology, finance, banking, metals and prefabricated metal products, mining products, refined petroleum, chemical products, and items subject to excise tax. Speaking at the parliamentary session, Minister of Finance Ho Duc Phuc said the tax reduction aims to stimulate consumer demand and facilitate a rapid … [Read more...] about Gov’t finalizes 2% VAT cut plan for goods and services