Draft law draft law

Two workers of Vietnam Electricity (EVN) are inspecting an electricity facility. EVN took out an unguaranteed foreign loan of 80 million euros in March to develop new grids in the South. — Photo baochinhphu.vn As the State Bank of Vietnam is gathering comments on a draft amending Circular 12 on eligibility requirements for unguaranteed firms to take out foreign loans, the Vietnam Chamber of Commerce and Industry has suggested several modifications to the document. The draft requires borrowers which are not credited institutions or branches of foreign banks to inform the authorities about all their business activities when applying for a foreign loan. VCCI believes full disclosure is unnecessary and suggests the borrowers be required to disclose only those business activities that are relevant to the loan. The draft also requires borrowers to inform the authorities about their outstanding foreign loans and show that they qualified for the loans at the moment they were granted to … [Read more...] about VCCI comments on draft amending Circular 12

The adaptation of circular economic models would help Vietnam realize its commitment to net-zero carbon emissions target by 2050. The Ministry of Natural Resources and Environment (MONRE) today [June 28] held a conference to kickstart the formulation of a national action plan to promote a circular economy in Vietnam. Minister of MONRE Tran Hong Ha at the event. Photos: UNDP At the event, Minister of MONRE Tran Hong Ha said climate change, environmental pollution, and the degradation of the natural ecosystem are posing threats to the world. He referred to the sixth assessment report of the Intergovernmental Panel on Climate Change (IPCC-AR6) which stated that if global warming gradually increases 1.5 degrees Celsius above the pre-industrial level, some impacts may be lasting or irreversible, such as the loss of some ecosystems. The IPCC also estimated since 2008, around 20 million people annually have been forced to leave their homes behind due to extreme … [Read more...] about Vietnam to draft national action plan for circular economy adaptation

A customer buys petrol at a petrol station of Vietnam National Petroleum Group (PLX) in Ha Noi. Deputy Minister of Finance Ta Anh Tuan speaks to local media about this issue. Since the beginning of the year, gasoline prices have fluctuated greatly. What measures has the MoF introduced to stabilise petrol prices? World petroleum prices have had complicated fluctuations from the beginning of 2022 until now, due to the recovery of large economies in the world along with impacts from the Russia-Ukraine conflict and Covid-19 pandemic. The MoF, a price managing agency of the Government, is very worried about the impact of increased gasoline prices on controlling inflation in 2022. To stabilise gasoline prices and minimise the negative effects of the petrol price increases, the ministry has recommended that Government and the National Assembly Standing Committee reduce some kinds of tax imposed on gasoline products. The ministry has submitted proposals to the National Assembly … [Read more...] about MoF proposes further cut to environmental protection tax for petrol

Deputy Minister of Finance Ta Anh Tuan To control increases in petrol prices, the Ministry of Finance (MoF) has proposed to reduce the environmental protection tax for petrol products to the floor level. The reduction will be from VND550-1,100 per litre, depending on the kind of petrol. Deputy Minister of Finance Ta Anh Tuan speaks to local media about this issue. Since the beginning of the year, gasoline prices have fluctuated greatly. What measures has the MoF introduced to stabilise petrol prices? World petroleum prices have had complicated fluctuations from the beginning of 2022 until now, due to the recovery of large economies in the world along with impacts from the Russia-Ukraine conflict and COVID-19 pandemic. The MoF, a price managing agency of the Government, is very worried about the impact of increased gasoline prices on controlling inflation in 2022. To stabilise gasoline prices and minimise the negative effects of the petrol price increases, the ministry … [Read more...] about MoF proposes further environmental tax cut for petrol

Stateless people living in Vietnam will likely be granted an electronic identification account to perform public administrative procedures. The Vietnamese Ministry of Public Security (MPS) is considering the issuance of identification (ID) cards for long-term stateless residents. Accordingly, people of Vietnamese origin who were born in Vietnam or abroad but have returned to Vietnam and lived permanently for more than five years will be eligible to receive ID cards, according to the ministry's suggestions for the draft revision of Law on ID Card. Currently, citizens in Vietnam have to carry too many paper documents such as citizen identification card, health insurance card, social insurance book, birth certificate, driver's license, student identification card, social insurance card, among others. Identity card with barcode is currently the most modern form in Vietnam. Photo: The Hanoi Times The fact that there are too many different types … [Read more...] about Vietnam considers issuing ID cards for stateless nationals

Stateless people living in Vietnam will likely be granted an electronic identification account to perform public administrative procedures. The Vietnamese Ministry of Public Security (MPS) is considering the issuance of identification (ID) cards for long-term stateless residents. Accordingly, people of Vietnamese origin who were born in Vietnam or abroad but have returned to Vietnam and lived permanently for more than five years will be eligible to receive ID cards, according to the ministry's suggestions for the draft revision of Law on ID Card. Currently, citizens in Vietnam have to carry too many paper documents such as citizen identification card, health insurance card, social insurance book, birth certificate, driver's license, student identification card, social insurance card, among others. Identity card with barcode is currently the most modern form in Vietnam. Photo: The Hanoi Times The fact that there are too many different types … [Read more...] about Vietnam considers issuing ID cards for stateless people

At the meeting, on behalf of the N.A. deputy delegation, Nguyen Lam Thanh, Vice Chairman of the N.A.’s Council of Ethnic Minorities, reported on important outcomes of the freshly-concluded third session of 15th N.A. In particular, in 19 scientific, democratic, and highly responsible working days, the 15th N.A.’s third meeting achieved all set targets. During this session, the 15th N.A. looked into a large amount of work and made decisions on many important contents for 2022 and the following years. As a result, the 15th N.A. passed five laws, adopted 17 resolutions, and gave opinions on six draft laws and resolutions and other important contents. On hearing the achievements of the aforementioned meeting, participating voters voiced their opinions and suggested the delegation of Thai Nguyen N.A. deputies make proposals to the N.A. on creating a special mechanism for Thai Nguyen province to make the best of its full potential, and strengths to develop in the coming time. With … [Read more...] about Defense Minister meets with Pho Yen voters

Culture and the people are the aim, foundation and motivation for Hanoi’s socio-economic development. Rapid and sustainable development of Hanoi would serve as the growth engine for the Red River delta, the northern key economic zone, and the country toward prosperity. Overview of the conference. Photos: Viet Thanh Secretary of the Hanoi Party Committee Dinh Tien Dung gave the remarks during a conference held today [June 22] to discuss the implementation of Politburo’s Resolution No.15 on the vision and objectives for Hanoi’s development until 2030, with a vision to 2045. According to Dung, during every phase of development, the Politburo has set an objective for Hanoi to fulfill its role as the country’s political-administrative hub, as well as the economic, cultural, educational, scientific, technological and global integration center. “Resolution No.15 is the latest step to ensure Hanoi realizes its potential and strategic roles in the country’s … [Read more...] about Hanoi determined to become an engine for the nation’s prosperity

Role of press highlighted in promoting development Nguyen Thu Lan, a consultant from a Hanoi-based US-invested investment consultancy firm, two weeks ago completed a digital transformation report for the firm’s three potential American clients, who are exploring Vietnam’s investment climate. Lan had to seek information from many sources for the report, including local newspapers. She also found detailed information on Vietnam’s macroeconomic situation and digital transformation in VIR, which features a new hallmark scheme from the government on supporting industrial enterprises in smart production development. Lan said, “I am very happy as I had been seeking such information for months. More importantly, such information was cited from an original source,” she said. Under the draft scheme, expected to be enacted by the government soon, just over one-third of Vietnamese businesses will implement digital transformation effectively by 2025, and the rate will increase to 85 per … [Read more...] about Role of press highlighted in promoting development

Your Excellency Prayut Chan-o-cha, Prime Minister of Thailand, Madam Irene Natividad, President of the Global Summit of Women, Ladies and gentlemen, I am delighted to attend the Global Summit of Women (GSW) 2022 hosted in the beautiful and hospitable Thailand. First, on behalf of the Vietnamese delegation, I would like to extend my wishes of peace, prosperity and development to Excellency Prime Minister of Thailand, Madam President of the GSW, and all delegates. Let me take this opportunity to congratulate Thailand on the efforts and achievements in gender equality and women empowerment. They have been reflected in your regulations and enforcement and oversight mechanisms to protect women’s rights and interests. Such efforts have also been recognized through the U.N. Secretary-General’s appointment of a Thai Princess as a Goodwill Ambassador in Thailand for U.N. Women, in line with the determination and desire to “Say No to Violence against Women”. The percentage of Thai women … [Read more...] about Vietnamese Vice President’s statement at opening of Global Summit of Women