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Chair of National Assembly Committee for External Relations Vũ Hải Hà. — VNA/VNS Photo Doãn Tấn HÀ NỘI — The visit by National Assembly (NA) Chairman Vương Đình Huệ to Laos from May 15-17 was a success, helping further foster the cooperative relations and mutual support between the two parliaments, and bolster the great friendship, special solidarity and comprehensive partnership between the two countries, according to Chairman of the NA Committee for External Relations Vũ Hải Hà. Speaking to the Vietnam News Agency following the visit, Hà said that senior leaders of Laos highly valued the first visit by Huệ as the Vietnamese top legislator during the two countries’ Solidarity and Friendship Year 2022, making him the first foreign parliament leader to visit Laos during the ninth tenure of the Lao NA. The Lao side congratulated Việt Nam on its achievements in socio-economic development and pandemic control, and informed the Vietnamese leader on Laos’ socio-economic targets and … [Read more...] about Successful NA Chairman’s visit helps bolster partnership with Laos: Official

NA Chairman Vuong Dinh Hue (L) and General Secretary of the Lao People's Revolutionary Party (LPRP) Central Committee and President of Laos Thongloun Sisoulith (Photo: VNA) Hanoi (VNA) – The visit by National Assembly (NA) Chairman Vuong Dinh Hue to Laos from May 15-17 was a success, helping further foster the cooperative relations and mutual support between the two parliaments, and bolster the great friendship, special solidarity and comprehensive partnership between the two countries, according to Chairman of the NA Committee for External Relations Vu Hai Ha. Speaking to Vietnam News Agency following the visit, Ha said that senior leader of Laos highly valued the first visit by Hue as the Vietnamese top legislator during the Vietnam-Laos, Laos-Vietnam Solidarity and Friendship Year 2022, making him the first foreign parliament leader to visit Laos during the ninth tenure of the Lao NA. The Lao side congratulated Vietnam on its achievements in socio-economic development and … [Read more...] about NA Chairman’s visit helps bolster partnership with Laos: Official

It is the information stated in the Government's report No.174/BC-CP sent to the NA to prepare for the third session. According to the report, in case Resolution No.42 cannot continue to be implemented, the volume of bad debts determined under Resolution No.42 that has not been resolved, including newly arisen bad debts, is expected to reach VND430 trillion ($18.6 billion) at the end of 2022 and VND443 trillion at the end of 2023. After handling a large number of bad debts in 2018 and 2019, the bad debt settlement speed in 2020 and 2021 tended to slow down due to the impact of the Covid-19 pandemic on the financial situation. Therefore, to continue to achieve the goal of handling and controlling the bad debt ratio of the system of credit institutions in the coming time is a big challenge for the banking industry, requiring the participation of the political system, the close coordination of ministries, agencies, and localities in implementing solutions on handling bad debts, … [Read more...] about Unresolved bad debt remains at high level

Nguyễn Ngọc Tuấn, chairman of the Hà Nội People's Council, speaks at the meeting. — VNA/VNS Photo Văn Điệp HÀ NỘI —  The Hà Nội People's Council for the term 2021 - 2026 on Friday agreed to spend VNĐ23.5 trillion (over US$1 billion) from the city budget for the Ring Road No. 4 project. The council also discussed the allocation and adjustment of the project's fund, which would be submitted to the National Assembly for consideration, said the chairman of Hà Nội People's Council Nguyễn Ngọc Tuấn. Dương Đức Tuấn, vice chairman of Hà Nội's People's Committee, said that the Ring Road No. 4 was a key national project, combining the public investment model and the public-private partnership (PPP) with a Build - Operate - Transfer (BOT) contract. The road will measure 112.8 kilometres in total, running through Hà Nội City and Hưng Yên, Bắc Ninh Provinces, with a connecting route 9.7-kilometres long. It will begin at the start of the Nội Bài - Lào Cai Expressway in Hà Nội, and end on … [Read more...] about Hà Nội approves more than $1 billion for Ring Road No. 4 project

Vietnam must move forward with plans to design additional programmes to support firms in the digital transformation process in terms of funding, knowledge, and information in the technology market to help them grasp technological changes occurring globally, according to insiders. Illustrative photo Experts in the sector made the statement at the launching conference held on May 20 to unveil the Vietnam Annual Economic Report 2022 running with the theme of "Strengthening digital platform for the service sector” in Hanoi. Upon addressing the conference, Nguyen Quoc Viet, deputy director of the Vietnam Institute for Economic and Policy Research (VEPR), revealed that the 69% of businesses in the nation have been forced to temporarily suspend their operations due to the COVID-19 pandemic. Despite the pandemic significantly affecting several sectors such as service, accommodation, food, and tourism, it has yet to exert a serious impact on the digital … [Read more...] about Businesses require support in digital transformation

Đồng Tháp Province is organising a festival to promote its symbol - the pink lotus flower. – VNS Photo Việt Dũng Nguyễn Việt Dũng The festival, which opened on May 19 in Cao Lãnh City’s Văn Miếu Square, aims to promote the fragrant flower as well as its products. The province is known as “The Land of the Lotus” because of its near ubiquitous presence that never fails to charm visitors as well as locals. It also carries significant economic value. At the festival's opening ceremony, Phạm Thiện Nghĩa, chairman of Đồng Tháp People’s Committee, said the province had chosen lotus as its symbol and has been building its brand based on it. “In Đồng Tháp, visitors can find lotuses everywhere, from swamps and fields to office buildings and street corners,” he said. ”We even have a ‘Lotus Kid’ mascot character on display to promote the province’s image.” Đồng Tháp is focusing on building its lotus brand. – VNS Photo Việt Dũng At the ongoing festival, visitors can take … [Read more...] about Đồng Tháp goes to town on its lotus specialty

Hanoi, (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency on May 20. - Prime Minister Pham Minh Chinh received visiting Speaker of the Singaporean Parliament Tan Chuan-Jin in Hanoi on May 20, emphasising that Singapore is always one of the leading partners of Vietnam in the region. The host described his guest’s official visit as highly important to promoting the two countries’ strategic partnership. Read full story – Overseas Vietnamese people organised many activities on May 19 to mark the 132nd birth anniversary of late President Ho Chi Minh. Read full story – The visit by National Assembly (NA) Chairman Vuong Dinh Hue to Laos from May 15-17 was a success, helping further foster the cooperative relations and mutual support between the two parliaments, and bolster the great friendship, special solidarity and comprehensive partnership between the two countries, according to Chairman of the NA Committee for External Relations … [Read more...] about ☕ Afternoon briefing on May 20