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Essay about upcoming election

/ March 8, 2021

13th PCC’s second plenum considers leading positions

The Politburo will also ask for the Party Central Committee’s opinions before it officially introduce candidates for other posts for the legislature to consider, elect or approve, Trong stated. In his opening remarks, the top leader stressed the need to give priority to urgent issues, outstanding difficulties and key missions which need breakthroughs. He noted that after the 13th National Party Congress, the Politburo assigned tasks for Politburo and Secretariat members and prepared for the introduction of Party Central Committee members as candidates for the election of deputies to the 15th NA. The Politburo reached a high consensus on the need to early complete the nomination of candidates for leading positions of State offices, and to submit the nominations to the 14th NA’s 11th session for approval. The top leader emphasized the importance of consistently following the orientation for personnel work approved by the 13th National Party Congress so as to ensure the united, comprehensive and harmonious leadership of the Party in all aspects and localities and create a general strength. It is necessary to have an overall view to reach the most suitable personnel arrangement, he said, adding that personnel work should be carried out in accordance with the Party’s regulations, the Party Central Committee’s working statutes, and the principle of the Party’s leadership in personnel work and management of officials of the political system, as well as legal regulations on State agencies’ organisation and operations. The 13th Party Central Committee’s second plenum will last until March 9. Source: VNA …

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/ March 8, 2021

VIETNAM BUSINESS NEWS MARCH 8

Small investors oppose expanding trading lot Ho Chi Minh City Stock Exchange (HOSE)’s proposal to raise the minimum trading lot to 1,000 shares is receiving mixed opinions from market experts and investors. The proposal was initiated by newly-appointed General Director of HOSE Le Hai Tra as a solution to reduce system overloads which have troubled traders recently. A 1,000 minimum trading lot will limit the participation of small investors, while the stock market is moving towards fairness and equality, said a budding investor. “My friends and I, when joining the stock market, only have a few tens to several hundreds of millions of dong, raising the minimum trading lot to 1,000 shares will directly affect our investment capacity,” said individual investor Diep. “With expensive stocks, we may have to spend hundreds of millions of dong to buy the minimum 1,000 shares,” she said. According to Diep, the stock market has never had such a chance for growth. New cash flow into the market pushed liquidity to a record high level. However, the new proposal may not only prevent new investors from entering the market but also discourage existing investors. “The plan to raise the minimum trading lot to 1,000 shares could quickly reduce the number of orders delivered daily on HOSE. However, it will cause frustration among small investors who are directly affected by the plan as they think they are not protected,” said Do Bao Ngoc, Deputy General Director of Kien Thiet Securities Vietnam (CSI). “This plan, if in place, will affect the rapid development of the stock market under the current favourable conditions, one of which is great interest from global investors,” he said. “Under the new plan, the most affected are the investors whose trading accounts have VND1 billion or less,” said Nguyen Hoang Hai, Vice Chairman of Viet Nam Association of Financial Investors (VAFI) According to VAFI statistics, investors whose trading accounts have VND500 million or less …

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/ March 7, 2021

Dual task of Vietnamese sport

>>> V.League 1-2021 to restart in mid-March >>> Vietnamese athletics eye reign defence at SEA Games 31 >>> Two Vietnamese match officials shortlisted to officiate at 2023 FIFA Women’s World Cup Explaining the reason for proffering the honour, football’s world governing body said Vietnam successfully organised the national women’s tournaments in 2020 thanks to its effective control of the COVID-19 pandemic, enabling referees and assistant referees to maintain their professional activities and form as well as to improve their capabilities. Those objective assessments have contributed to affirming the prestige of Vietnamese sports as a whole in terms of not only women’s football but also other events, in the context that the country is well implementing pandemic prevention and control measures to bring society back to normality. Last year, Vietnam’s sport sector successfully organised 148 national competitions, especially the V.League 1-2020 national football championship with stadiums full of spectators, producing great surprise and winning admiration from international friends. In addition, Vietnam sent many teams to compete in 18 international tournaments, earning a haul of medals and five official berths at the Tokyo Olympic Games 2020. Vietnam maintained a stable training programme for national teams in all sports at the national sport training centre, while opening 16 referee and coach training classes, thus enabling referees, trainers, and athletes to continue improving and honing their professional skills. The aforementioned achievements are prideworthy as many international competitions and also national tournaments in other countries, even developed ones, were either cancelled or suspended for a long time, even for the whole year, significantly affecting the training, competition and professional qualifications of coaches and athletes. International friends have recognised and highly appreciated Vietnam’s COVID-19 …

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