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A cross-functional team will be set up to work on improving the prospects of the local real estate market. Prime Minister Pham Minh Chinh has issued a document on solving real estate market problems and improving its prospects. An affordable housing project in Dong Anh District's Thang Long Industrial Park. Photo: Pham Hung/The Hanoi Times The document, numbered 178/TTg-CN, aligns with Resolution 33/NQ-CP dated March 11, 2023, which provides solutions to develop a healthy, transparent, and sustainable real estate sector. Under the latest document, the Ministry of Construction, the Ministry of Treasury, the State Bank of Vietnam, and related agencies will set up a working group and work with developers to resolve existing problems and increase confidence in the property market. The Prime Minister has asked the Ministry of Construction to finalize the plan to build one million affordable houses for low-income buyers and workers in industrial parks in … [Read more...] about New regulation in place to boost Vietnam’s real estate market

Around 68 per cent of listed public companies are complying with minimum legal requirements on independent directors, in which the lowest rate is 30 per cent in the automobile sector, and the highest rate is 100 per cent in banking. Compliance rate rise bodes well for listed companies, illustration photo/ Source: Shutterstock The information was provided in the ‘Independent Directors Survey of Public Companies in Vietnam’ report, compiled by FiinGroup and the Vietnam Independent Directors Association (VNIDA). The survey and the report have been carried out with the primary technical support from the International Finance Corporation through the SECO-funded Vietnam Integrated ESG Programme, and covered 544 companies that have disclosures on independent directors out of 769 companies listed on the Ho Chi Minh City and Hanoi stock exchanges. Under 2020 legislation guiding the implementation of the Law on Securities, a listed company’s board is required to have at least … [Read more...] about Compliance rate rise bodes well for listed companies

National Assembly Chairman Vuong Dinh Hue (fifth from right, front row) and delegates. (Photo: VNA) Hanoi (VNA) – National Assembly Chairman Vuong Dinh Hue attended a ceremony in Hanoi on March 28 to mark the 20th founding anniversary of the NA Standing Committee’s Board for People's Aspiration and award it with a second-lass Labour Order. NA Chairman Vuong Dinh Hue visits a display of photos on the people's aspiration work (Photo: VNA) NA Standing Vice Chairman Tran Thanh Man underlined the Party and State’s special attention to the people's aspiration work. He asked the board to work closely with the Government and its organs, and the Vietnam Fatherland Front to fulfill the assigned tasks and send monthly reports on emerging, complex and prolonged issues to competent agencies. It was assigned to continue improving the quality of its reports; effectively review and monitor the settlement of complaints and denunciations when requested by the NA Standing Committee. The … [Read more...] about Ceremony marks 20th anniversary of NA Standing Committee’s Board for People’s Aspiration

In 2022, two-way trade between Yunnan (China) and the bordering provinces of Vietnam is expected to reach US$3.25 billion. The provincial authorities of Vietnam's Lao Cai and China's Yunnan agreed on March 28 to take necessary measures to lift their comprehensive ties, especially trade. A truck that links Lao Cai and Yunnan Province passes the Kim Thanh II International Border Gate. Photo: The Hanoi Times "The comprehensive partnership between Lao Cai and Yunnan has improved tremendously in recent years, but it has not reached its full potential," said Hoang Quoc Khanh, permanent vice chairman of the Lao Cai Provincial People's Committee. Khanh suggested that Yunnan authorities further relax regulations and facilitate cross-border trade and travel between the two nations to improve bilateral relations. The Lao Cai official said Chinese authorities should restore trade and travel activities to pre-pandemic levels. He also urged the Chinese government to … [Read more...] about Lao Cai and Yunnan provinces agree to strengthen bilateral ties

Illustrative image (Source: VNA) Hanoi (VNA) – Installing Vessel Monitoring System ( VMS ) equipment and supervising their operations play an important role in removing the European Commission (EC)’s “yellow card” warning on Vietnamese seafood. According to the Directorate of Fisheries under the Ministry of Agriculture and Rural Development, the national fisheries database (Vnfishbase) shows that as many as 223 fishing boats in localities have yet to install the VMS equipment although their operating licences are still valid. Nguyen Quang Hung, deputy head of the Directorate of Fisheries, urged localities to work to ensure that all of the remaining fishing vessels are equipped with the device. The number of fishing boats that have been disconnected for more than one year reaches 2,335 to date, accounting for 8% of the vessels equipped with the device, he added. Such boasts should be monitored closely like those without the VMS equipment, he stressed. Hung pointed … [Read more...] about Close supervision over VMS equipment needed to fight IUU fishing

In the immediate future, it is necessary to focus on building and completing law-making proposals to submit to the National Assembly (N.A.) for consideration and approval of the Law and Ordinance Building Program in 2024, as well as adjustments of the Law and Ordinance Building Program in 2023 for the N.A. Standing Committee and the N.A. for discussion; and draft laws and draft documents to submit to the legislature for consideration and approval at its fifth plenary session. Government members, ministries and sectors, especially their heads, need to do better in law-making; continue to direct and lead the building of and comment on draft legal documents; and allocate resources in terms of human and funding for the law-building work, the Prime Minister requested. During this meeting, the Government is expected to give opinions on the National Assembly's draft resolution on piloting a number of mechanisms and policies to remove difficulties and obstacles in the construction and … [Read more...] about Prime Minister presides over Government’s March law-making session

A durian farm in the southern province of Ba Ria-Vung Tau's Chau Duc District. — VNA/VNS Photo The export of Vietnamese durian to China through the official channel since September 2022 opened up new prospects for Viet Nam's fruit and vegetable industry. According to statistics from the Ministry of Agriculture and Rural Development (MARD), Viet Nam has over 100,000 ha of durian with an annual output of about 1.3 million tonnes. However, only 3,000 ha (3 per cent) of the total meet standards for export to China. The Mekong Delta province of Tien Giang and the Central Highlands province of Dak Lak have the largest durian areas meeting export standards in the country. According to the Deputy General Director of Dung Thai Son Import-Export Company, Vu Ngoc Huy, China is a large market with a strong durian consumption capacity. The firm can export 500,000 tonnes of fresh durian per year, accounting for over one-third of the total durian output of the country, Huy said. La Tran … [Read more...] about Durian to make breakthrough for Viet Nam’s fruit exports