Hanoi (VNA) – Vietnam has recorded significant achievements in managing national foreign debts over the past three decades, said an official at a workshop held in Hanoi on January 26. Vo Huu Hien, Vice General Director of the Ministry of Finance’s Department of Debt Management and External Finance, made the statement, adding that the effective management has transformed Vietnam from a poor and heavily indebted country into a one receiving international organisations’ recognition as having a controlled external debt level and being excluded from the group of countries with a debt burden. According to data from the ministry, the public sector’s proportion in the structure of the national external debt decreased from 73.6 percent in 2010 to 63.4 percent in 2015 and 43.7 percent in 2020. The Government’s foreign loans are mainly official development assistance and concessional loans. To date, Vietnam has signed more than 85 billion USD worth of these loans. … [Read more...] about Progresses seen in Vietnam management of national foreign debts: workshop
Asian produce market
VN-Index loses 30 points as most stocks sink
A man monitors stock prices. Many stocks plunged into the red today, January 26 – PHOTO: VNA HCMC – The Hochiminh Stock Exchange continued the downtrend with the benchmark VN-Index dipping by some 30 points, or 2.57%, at 1,136.12 today, January 26, as numerous stocks plunged into the red. … [Read more...] about VN-Index loses 30 points as most stocks sink
Vingroup to launch Vietnam’s first powerful authentication cloud service
For businesses with a large number of internal users and applications and providing products and services to the outside (such as banks, e-commerce exchange and super apps), it takes a lot of time and is difficult to deploy and integrate a strong authentication service. VinCSS FIDO2 Cloud service will be provided to a group of customers in the form of a private cloud service or inside an on-premise software, significantly shortening the deployment time, simplifying administration and reducing costs. … [Read more...] about Vingroup to launch Vietnam’s first powerful authentication cloud service
New, outstanding issues in national development orientations for next decade
Hanoi (VNA) - Party General Secretary and State President Nguyen Phu Trong, head of the document sub-committee, has delivered the 12th-tenure Party Central Committee’s report on documents submitted to the 13th National Party Congress, pointing out many new and outstanding issues in the orientations for the next 10 years. He presented the report at the opening session of the congress, in Hanoi on January 26. The overall development goal for the 2021-2025 tenure and subsequent years is to improve the Party’s leadership capacity, ruling capacity, and combatant strength; build a clean and comprehensively strong Party and political system; enhance the people’s trust in the Party, State, and the socialist regime; inspire aspirations for a prosperous and happy country and bring into play the will and strength of the great national solidarity in combination with the strength of the era; comprehensively and concertedly promote reforms, industrialisation, and modernisation; … [Read more...] about New, outstanding issues in national development orientations for next decade
Party’s role in building agricultural policy highlighted
Hanoi (VNA) - Chairman of the Vietnam Farmers’ Union (VFU) Central Committee Thao Xuan Sung has underlined the leadership of the Communist Party of Vietnam (CPV) in building policies for agricultural development, as well as the decisive contributions by the agriculture sector to Vietnam’s GDP growth in 2020. Talking to the Vietnam News Agency on the occasion of the 13th National Party Congress, Sung affirmed that the agriculture sector has posted great achievements in productivity, quality, and value in recent years. Though results are not even across regions inside the country, Vietnam has risen to enjoy agriculture export surpluses with regional countries. The agriculture sector contributed importantly to GDP growth of nearly 3 percent last year, he noted, adding that under the leadership of the Party, farmers have played a prominent role in the new national target programme on sustainable poverty reduction. A new generation of working class with patriotism and … [Read more...] about Party’s role in building agricultural policy highlighted