The Hanoitimes - The two sides consider inter-parliamentary cooperation an important component of the strategic partnership between the two countries. The first Vietnam-Russia inter-parliament meeting has opened up new areas of cooperation that are poised to foster the comprehensive strategic partnership. Vietnam’s National Assembly Chairwoman Nguyen Thi Kim Ngan and Chairman of the State Duma of Russia Vyacheslav V. Volodin. Photo: VNA Vietnam’s National Assembly (NA) Chairwoman Nguyen Thi Kim Ngan and Chairman of the State Duma of Russia Vyacheslav V. Volodin co-chaired the meeting in Moscow last week. “It would be right for us to work more intensively in the economic sphere, developing both foreign economic relations and goods circulation. It is clearly insufficient for the level of our relations. […] For our part, we must do everything to develop cooperation more effectively than today,” the State Duma quoted Viacheslav Volodin. “When we talk about the work of our inter-parliament commission, it should do everything to ensure more dynamical development of foreign economic relations,” he said at the meeting. Viacheslav Volodin supported the idea of creating working groups and said that the adoption of legislative decisions would entail a more active development of relations. Meanwhile, Nguyen Thi Kim Ngan said “We will do our best to develop cooperation between our countries, trade and economic relations better. To ensure that these results correspond to good political relations between our countries.” Vietnam’s National Assembly Chairwoman Nguyen Thi Kim Ngan and Chairman of the State Duma of Russia Vyacheslav V. Volodin at the first inter-parliament meeting in Moscow. Photo: Duma.org.ru Economic in focus, oil and gas remain among key pillars Both sides agreed to focus on economic ties. Ngan said that it is necessary to discuss issues of cooperation in the oil and gas sector, agriculture, and …
Commission on human rights
Prime minister urges to provide Covid-19 vaccination right this week
Prime Minister Nguyen Xuan Phuc has asked the Ministry of Health to carry out the Covid-19 vaccination for people this week. The prime minister made the request at the government’s regular meeting on March 2. Prime Minister Nguyen Xuan Phuc at the meeting According to the government leader, to date, localities have basically controlled Covid-19, except for Kim Thanh District in the northern province of Hai Duong. He noted that Covid-19 vaccines for people and applying Covid-19 prevention regulations were Vietnam's best measures in the fight against the virus. The Ministry of Health needed to quickly deploy the vaccination programme in line with newly-issued resolution. The work needs to be started this week. Under the government’s resolution on the purchase and use of Covid-19 vaccines, Vietnam has planned to provide around 150 million doses of Covid-19 vaccine for local people free of charge this year. The vaccines are sourced through purchase, imports and aid. The vaccines will be prioritised to medical workers; people in the anti-pandemic efforts (Covid-19 prevention and control steering committees of all levels, quarantine facility staff, reporters); diplomats, customs officers and people working entry and exit procedures; military personnel; public security forces; teachers; those aged above 65; essential workers (aviation, transport, tourism staff, utility workers, etc.); people with chronic health problems; people who want to study or work overseas; and people in virus-hit regions. …
[Read more...] about Prime minister urges to provide Covid-19 vaccination right this week
Stock market size reaches 88 percent of GDP
An overview of the Aqua City project developed by Novaland in the southern province of Dong Nai. Novaland is among companies w hose capitalisation is valued at billions of dollars on the market (Photo: novaland.com.vn) Hanoi (VNS/VNA) – Vietnam’s stock market reached approximately 87.68 percent of the country’s Gross Domestic Product (GDP) as of the end of 2020, the highest rate reported so far. The other two high rates recorded were in August 2018 at 84.57 percent and March 2018 at 83.08 percent. Including the government bond market and corporate bond market , the value of Vietnam’s entire stock market by the end of 2020 exceeded 110.64 percent of GDP, this is also the highest rate ever recorded. New cash flow continuously pouring into the market since the second half of 2020 has boosted liquidity. December 2020 and January 2021 were two months witnessing record matching value, of more than 250 trillion VND (10.8 billion USD) and more than 300 trillion VND on the Ho Chi Minh City Stock Exchange (HoSE), respectively. However, skyrocketing liquidity has far exceeded market forecasts, leading to frequent congestion in many sessions, causing a lot of trouble for investors and affecting the quality of the market. The sudden increase in liquidity is unpredictable, causing undesired interruptions in trading, according to HoSE. To tackle this issue, the State Securities Commission said it was speeding up the implementation of a new information technology system for the entire stock market, known as KRX. The Vietnamese stock market has experienced a year of spectacular recovery from the bottom caused by the COVID-19 crisis, a trend that is in parallel with most of the major stock markets in the world. Since the bottom at the end of March 2020, the VN-Index has increased by nearly 50 percent. So far, the Vietnamese stock market recorded 38 companies whose value reaches billions of dollars. Vingroup is valued at 15.95 billion USD in market …
[Read more...] about Stock market size reaches 88 percent of GDP
