Government bond is an important source of revenue for the state budget and supports the development of the capital market. The Vietnam State Treasury (VST) is expected to raise VND400 trillion (US$17 billion) by issuing Government bonds via auctions at the Hanoi Stock Exchange (HNX) in 2023. Government bonds remain a key source for the state budget. Photo: Viet Dung Under the plan, the agency is set to issue bonds worth VND108 trillion ($4.6 billion) in the first quarter of this year. This would include bonds with five to seven-year maturity of VND8 trillion (US$341.5 million), 10-year maturity of VND45 trillion (US$1.9 billion), 15-year maturity of VND45 trillion (US$1.9 billion), 20-year maturity of VND5 trillion (US$213.2 million) and 30-year maturity of VND5 trillion (US$213.2 million). VST noted adjustments may be made to stay in line with the actual situation of the market and Gov’t expenditure needs, especially the disbursement progress of public … [Read more...] about Vietnam State Treasury to raise US$17 billion through Gov’t bonds in 2023
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Vietnam contributes to ASEAN’s consensus on important decisions
Foreign Minister Bui Thanh Son (C, red shirt) and his Lao, Indonesian counterparts posing for a photo with reporters at ASEAN Foreign Ministers’ Retreat (Photo: VNA) Jakarta (VNA) - The Vietnamese delegation to the ASEAN Foreign Ministers’ Retreat, led by Foreign Minister Bui Thanh Son, has actively contributed ideas to creating ASEAN's consensus on many important decisions such as measures to improve the group's institution effectiveness, implement the five-point consensus on the Myanmar issue, and support Timor Leste. The statement was made on February 4 by Ambassador Vu Ho , acting head of SOM ASEAN Vietnam, in an interview granted to Vietnam News Agency correspondents in Indonesia on the outcomes of the retreat. Ambassador Ho said that the Vietnamese delegation not only discussed with other delegates to identify ASEAN's focuses and priorities, but also actively proposed many practical initiatives that are in line with the common concerns of other countries and the … [Read more...] about Vietnam contributes to ASEAN’s consensus on important decisions
US fighter jet shoots down suspected Chinese spy balloon with missile
President Joe Biden said he had issued an order on Wednesday to take down the balloon, but the Pentagon had recommended waiting until it could be done over open water to safeguard civilians from debris crashing to Earth from thousands of feet (meters) above commercial air traffic. "They successfully took it down, and I want to compliment our aviators who did it," Biden said. Multiple fighter and refueling aircraft were involved in the mission, but only one -- an F-22 fighter jet from Langley Air Force Base in Virginia -- took the shot at 2:39 p.m. (1939 GMT), using a single AIM-9X supersonic, heat-seeking, air-to-air missile, a senior U.S. military official said. The balloon was shot down about six nautical miles off the U.S. coast, over relatively shallow water, potentially aiding efforts to recover elements of the Chinese surveillance equipment in the coming days, officials said. The shootdown came shortly after the U.S. government ordered a halt to flights in and out of … [Read more...] about US fighter jet shoots down suspected Chinese spy balloon with missile
New spirit and new motivation
The Year of the Tiger 2022 was a difficult and challenging one with many unexpected developments, affecting all aspects of Vietnam in particular and the whole world in general. In the special circumstance, the whole Party, people, and military promoted patriotism, determination, solidarity, dynamism, creativity and strived to obtain many important and comprehensive achievements with many outstanding imprints. Vietnam focused on both preventing and controlling the COVID-19 pandemic and promoting socio-economic recovery and development, building an independent and self-reliant economy in association with pro-actively and actively fostering international integration in a comprehensive, extensive and effective manner. In the year, Vietnam maintained stable social and political situation, firm national defense and security, and peaceful and stable environment for national development. Those achievements have consolidated and enhanced people's trust in the Party, State, and the … [Read more...] about New spirit and new motivation
Ban on marijuana users owning guns is unconstitutional, US judge rules
U.S. District Judge Patrick Wyrick, an appointee of former Republican President Donald Trump in Oklahoma City, on Friday dismissed an indictment against a man charged in August with violating that ban, saying it infringed his right to bear arms under the U.S. Constitution's Second Amendment. Wyrick said that while the government can protect the public from dangerous people possessing guns, it could not argue Jared Harrison's "mere status as a user of marijuana justifies stripping him of his fundamental right to possess a firearm." He said using marijuana was "not in and of itself a violent, forceful, or threatening act," and noted that Oklahoma is one of a number of states where the drug, still illegal under federal law, can be legally bought for medical uses. "The mere use of marijuana carries none of the characteristics that the Nation's history and tradition of firearms regulation supports," Wyrick wrote. Laura Deskin, a public defender representing Harrison, said the ruling … [Read more...] about Ban on marijuana users owning guns is unconstitutional, US judge rules
MoIT acts in response to climate change
Bac Lieu wind power plant assessed to contribute importantly to reducing impacts of climate change. (Photo: VNA) Hanoi (VNA) - The Ministry of Industry and Trade recently issued the sector’s action plan on climate change response and green growth to 2030, with a vision to 2050. Accordingly, the ministry considers climate change response an important and long-term task, and the achievement of the net zero emissions an opportunity to develop towards a low-carbon direction in accordance with national conditions and international trends. Measures to respond to climate change will be included in strategies for the development of the industry and trade sector. Illustrative image (Photo: VNA) This move aims to ensure the flexible adaptation to short-, medium- and long-term impacts of climate change, as well as the sector’s stable development and growth. These actions will also minimise losses caused by natural disasters, and consequences of extreme weather and … [Read more...] about MoIT acts in response to climate change
Vietnam’s Dien Bien Province experiences hail
Dien Bien Phu City and some adjacent districts in Dien Bien Province, northern Vietnam on Saturday evening experienced hail accompanied by a thunderstorm for 20 minutes. A representative of the provincial committee for natural disaster prevention and control told Tuoi Tre (Youth) newspaper that the province was assessing the damage of the hail and thunderstorm. Traffic light poles and a welcome gate collapse in Dien Bien Province, northern Vietnam, February 4, 2023. Photo: D.Bien / Tuoi Tre A resident of Dien Bien Phu City said the hail with hailstones as big as thumbs together with strong winds and a heavy rain started at about 6:00 pm, forcing many road users to seek shelter. Many trees were uprooted, crops were damaged, while traffic light poles and a welcome gate collapsed. In addition, some streets in Dien Bien Phu City, such as Vo Nguyen Giap and Hoang Van Thai, were inundated severely, causing difficulties in travel. The hail was heavy … [Read more...] about Vietnam’s Dien Bien Province experiences hail