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The maximum short-term lending rate for borrowers in some sectors will be reduced, photo Le Toan The State Bank of Vietnam (SBV) last week took bold steps to soften the regulatory interest rates for the first time in two years, in a bid to support the capital-thirsty local business community. The central bank issued two decisions on reducing key interest rates by 0.5 to 1 per cent, which took effect on March 15. Under Decision No.313/QD-NHNN, the rediscount interest rate will be revised down from 4.5 per cent per year to 3.5 per cent. Overnight lending rates in interbank electronic payments and loans to cover capital shortfalls in clearing payments of the SBV for credit institutions will be dropped from 7 per cent per year to 6 per cent. Particularly, the refunding interest rate will remain unchanged at 6 per cent on an annual basis. Meanwhile, under Decision No.314/QD-NHNN, the maximum short-term lending rate in VND of credit institutions for borrowers to meet capital needs … [Read more...] about Careful action required to curb inflation threat

All apprentices must be at least 15 years of age and have educational and health qualifications appropriate to the trade they are learning. Hanoi has drawn up a plan to train 14,720 workers in less than three months by 2023, including women, rural workers, people with disabilities, and young people doing their military service. The plan aims to help raise the proportion of educated workers to 73.2%, of which the share of workers with degrees and certificates will reach at least 52.5%. Accordingly, the Hanoi People’s Committee will support elementary-level training for eleven groups of workers in 78 occupations in the 2023-2025 period. The capital city has also set a target of training more than 21,000 people at the primary level by the end of 2023, of which over 9,000 will be trained in non-agricultural occupations and around 12,000 in agricultural occupations. Vocational training in lacquer painting at a facility in Hanoi. Photo: Huy Bang All … [Read more...] about Hanoi to train 14,700 workers in less than three months

Workers weigh and package dried shrimp, a Ca Mau Province's OCOP. —VNA/VNS Photo Huynh Anh The Government has introduced a new set of criteria for rating products enrolling in the One Commune One Product (OCOP) Programme. Dao Duc Huan, head of the OCOP Management Department, Central Coordination Office for New-style Rural Development (CCO), said the new set was laid down to replace the old set issued in 2019, which has begun to show cracks after four years being in place. As the old set had overlooked a wide range of products specified in Decision No.490, the new one has fixed the cracks by expanding its scope to cover the missing pieces. It has also altered old scoring rules by assigning a maximum score of 40 points to the "community strength" category, 25 points to "marketing capabilities", and 35 points to "product quality". Huan said the new set had encouraged the involvement of women and ethnic minorities in the production of OCOPs by giving extra points to affirmative … [Read more...] about New criteria for OCOPs

Workers weigh and package dried shrimp, a Cs Mau province's OCOP. (Photo: VNA) Hanoi (VNS/VNA) - The Government has introduced a new set of criteria for rating products enrolling in the One Commune One Product (OCOP) Programme. Dao Duc Huan, head of the OCOP Management Department, Central Coordination Office for New-style Rural Development (CCO), said the new set was laid down to replace the old set issued in 2019, which has begun to show cracks after four years being in place. As the old set had overlooked a wide range of products specified in Decision No.490, the new one has fixed the cracks by expanding its scope to cover the missing pieces. It has also altered old scoring rules by assigning a maximum score of 40 points to the "community strength" category, 25 points to "marketing capabilities", and 35 points to "product quality". Huan said the new set had encouraged the involvement of women and ethnic minorities in the production of OCOPs by giving extra points to … [Read more...] about New criteria for OCOP items

Pioneering in technology to create the talking cards From March 15, VIB applied new features and a refreshed look for its Mastercard credit cards. The bank is pioneering in using cutting-edge technology and minimalist design with more luxurious and durable materials for the cards. At the same time, the bank has reorganised its credit card portfolio to feature key products including Cash Back, Rewards Unlimited, Travel Elite, and Premier Boundless to meet customers’ demands. With the new design, VIB has combined minimalism and modern styles. The special lines on the cards are carefully chosen to make the cards more luxurious and durable. On the back of the card, the QR code is incorporated with VR and augmented reality. The virtual finance expert Vie will appear at customers’ request to give advice on card usage and incentives. Vie is brought closer to users with a 3D display and voice interaction. VIB is a pioneering bank in introducing the talking card to customers, … [Read more...] about VIB offers new-look credit cards

Illustrative image (Photo: VNA) Hanoi (VNS/VNA) - Athletics is still the strongest sport of Vietnam, and at the SEA Games, track-and-field stars are hoping to bring home at least 14 gold medals from the Cambodian meet. Vietnam has dominated the past three Games with 17 golds in 2017, 16 in 2019 and 22 at the last Games held a year later than scheduled in 2022 because of the COVID-19 pandemic. With just six weeks to go before the start of the Games, the team is training hard to keep its top spot. “We have set a target for each group," said Nguyen Manh Hung, general secretary of the Vietnam Athletics Federation . "We hope to manage to win at least 14 golds. We can predict the maximum number of golds that we can earn from the Games, but that is our tactic so I cannot reveal that information to anyone." The team has been training together since January with 53 promising members, in Hanoi, HCM City, Da Nang, Bac Ninh and Can Tho. "My team has been strengthened with … [Read more...] about Athletics ready for golden task at 32nd SEA Games

Air pollution soared in Beijing on Wednesday as the Chinese capital was hit by a huge sandstorm, and dust also shrouded other parts of the country in a sickly orange haze. This photo taken on March 21, 2023 shows police officers checking train cars at a border checkpoint during a sandstorm in the border city of Erenhot, in China's northern Inner Mongolia region. The official air quality index in Beijing hit the maximum level of 500, indicating "severe pollution", though some unofficial readings were nearly twice that figure. Authorities issued weather warnings and warned people to reduce their outdoor activities, as visibility fell to less than one kilometre in some areas of the city on Wednesday morning. In parts of China's north and northwest, high winds and dust turned the sky a lurid tangerine, appearing to cut visibility to less than a few hundred metres in some places. Authorities said the pollution was largely driven by airborne particles known as … [Read more...] about Dust storms cause air pollution spike across north China

Due to the impact of a powerful low-pressure area, weather stations in Son La recorded temperatures of around 38 degrees, while those in Hoa Binh Province recorded temperatures of 36 degrees, according to the National Center for Hydro-Meteorological Forecasting. Several central Vietnam localities also saw temperatures as high as 39 degrees (Ha Tinh) on Tuesday, with moisture levels at around 40-55%. Tourists wear T-shirts amid high temperatures in Hanoi, March 2023. Photo by VnExpress/Pham Chieu Sunny days arrived in Hanoi and other northern Vietnam localities on Wednesday, pushing temperatures up to 37 degrees. Areas from Thanh Hoa to Quang Ngai in north central region saw temperatures at 35-38 degrees, with certain areas going above 39 degrees. U.S. weather forecast service AccuWeather forecast Hanoi's temperatures would hit 23-37 degrees on Wednesday, before gradually dropping to 23-34 degrees by Friday, and then 19-25 degrees over the weekend. Son La will see … [Read more...] about Sweltering heat descends upon northern Vietnam