Inconsistent regulation implementation

Piles of VND100.000 bank notes. — EastAsia forum/VNA Photo Banks must tighten their assessment controls of corporate bond investments to avoid excessive risk and the misuse of funds raised by firms, experts said. In early April, the Banking Supervision Agency, under the State Bank of Vietnam (SBV) conducted an inspection of corporate bond investment activities at seven banks, while the Ministry of Finance inspected one bank. According to the SBV, by the end of 2021, there are 41 credit institutions holding VND274 trillion (US$11.7 billion) of corporate bonds, of which more than 75 per cent of them are held by ten major banks - Techcombank, MBBank, VPBank, TPBank, BIDV, Vietcombank, VietinBank, HDBank, ABBank and SeABank. At some banks, the value of corporate bonds exceeds 10 per cent of total assets. Although the inspection results were not published, a SBV senior leader said in an interview with Vietnam Investment Review that a number of credit institutions failed to … [Read more...] about Banks should tighten assessment controls of their corporate bonds investments – experts

The practical program aims to create a chance for troops to exchange as well as to evaluate training quality and sports activities among its affiliated units. In addition, it also contributes to raising training quality and the organization of training and sports activities at all levels, meeting task requirements in the current context. Via the festival, the organizing board will select outstanding athletes to take part in other festivals in the whole military. This year’s event draws the participation of 450 athletes from 23 units. They compete in tennis and volleyball contents. Addressing the event, Senior Colonel Nguyen Van Dai, Deputy Director of the Department of Logistics under the General Staff, requested functional units to ensure all conditions for the participants during the contest, conduct the festival as scheduled with absolute safety. Meanwhile, they should also make thorough preparations for the festival while observing military discipline. Referees were also … [Read more...] about VPA’s General Staff launches sports festival in 2022

The event was attended by Naval Region 2’s Second-in-Command Naval Captain Dinh Van Thang; Chief of the Department of Politics of the Naval Region 2 Command Naval Captain Do Hong Duyen; Deputy Director of the Department of Agriculture and Rural Development of Ba Ria - Vung Tau province Pham Thi Na, and representatives of the district. On this occasion, doctors and medical staff from Le Van Thinh Hospital (Thu Duc city, Ho Chi Minh City) also joined the program. During the program, the troops distributed 500 leaflets to fishermen to popularize information about maritime boundary delimitation agreements between Vietnam and neighboring countries; legal documents on safe, sustainable and lawful fishing and fishing in line with environmental protection; and illegal fishing; among others. In addition, the Naval Region 2 Command also presented 500 national flags, 50 gifts, 100 life jackets, and 30 medical bags to needy fishermen; and provided them with free health check-ups and … [Read more...] about Naval Region 2 stands side by side with fishermen

* Military Region 4 (MR4) held the tenth congress of the Ho Chi Minh Communist Youth Union for the 2022-2027 tenure in Vinh city, Nghe An province. According to a report delivered at the congress, over the past five years, under the leadership and directions of the Military Region 4 Command and the Department of Political Affairs, MR4 has carried out youth programs and movements in an effective and comprehensive manner, achieving all set targets, implementing the five-year action program (2017-2022), building a strong military region, and meeting the requirements of military-defense missions in the new situation, among others. In the next five years, MR4 will further promote youth union’s activities and youth movements to build a healthy and strong Youth Union organization, a comprehensively strong, “exemplary and typical” unit, and improve the efficiency of coordination activities with other agencies and units. At the congress, the participants elected 17 delegates to … [Read more...] about Military units hold Youth Union Congress

Vietnamese Defense Minister General Phan Van Giang delivered a pre-recorded speech at the second session of the conference. The MCIS-10 draws the participation of 700 delegates from 70 countries and six international organizations. During the event, there will be plenary sessions with topics on global security in a multipolar world, and regional issues amid global security: Asia-Pacific, Africa, Middle East, and Latin America. In his video address, Russian President Vladimir Putin emphasized the significance of the conference in consolidating peace and stability in the region and boosting partnership and dialogues in a constructive manner. Russian Minister of Defense Sergei Shoigu also had an opening speech at the event. In his pre-recorded speech at the second plenary session of the conference, Vietnamese Defense Minister Phan Van Giang spoke highly of the MCIS, saying that it is an important multilateral forum for participating countries to exchange points of view on … [Read more...] about Vietnam attends 10th Moscow Conference on Int’l Security

An overview of the seminar (Photo: VNA) Vientiane (VNA) – The Ministries of Foreign Affairs of Laos and Vietnam co-organised a seminar on economic diplomacy in Vientiane on August 17. Speaking at the event, Nguyen Minh Hang, Assistant to the Minister, Director of the economic affairs department, said that the Vietnam ese Foreign Ministry identifies economic diplomacy as one of the basic and central tasks of a comprehensive and modern diplomacy, and a driving force for the development of the country. The ministry is willing to share assessments and opinions on the world economic situation and emerging issues, as well as experience in developing economic diplomacy with Laos. At the seminar, both sides agreed on the importance and role of economic diplomacy in contributing to national development, affirming the necessity for the two ministries’ cooperation and sharing of experience in this field in the context of an extremely complicated world situation. … [Read more...] about Vietnam, Laos enhance cooperation in economic diplomacy

Illustration. (Photo: thanhnien.vn) Hanoi (VNA) – Regulators, civil society organisations and the private sector put forth various recommendations to strengthen financial resources to promote gender equality in Vietnam during a conference in Hanoi on August 17. They suggested ways to apply gender-responsible budgeting , ensure that the needs of women, men and others are fully considered throughout the budget cycle, and reinforce supervision by the communities, such as civil organisations and people, over public investment budget allocation from a gender perspective. The conference on “Strengthening Financial Resources to Advance Gender Equality in Vietnam” was held by the Ministry of Planning and Investment (MPI), the Institute for Development & Community Health (LIGHT) in collaboration with the UN Entity for Gender Equality and the Empowerment of Women (UN Women) under the UN Joint Programme on Supporting Vietnam towards the 2030 Integrated Finance Strategy for … [Read more...] about Vietnam seeks strengthening financial resources to advance gender equality

At the meeting (Photo: VNA) Hanoi (VNA) – Deputy Prime Minister Vu Duc Dam on August 17 asked the Ministry of Culture , Sports and Tourism (MCST) to review the operation of household businesses in the tourism sector affected by the COVID-19 . The ministry should coordinate with core travel firms to form key routes connecting localities, the official said at a meeting of the State Steering Committee for Tourism in Hanoi which assessed the implementation of tourism recovery solutions. He ordered restarting heritage digitalisation with the participation of travel enterprises to promote new tourism products. Regarding electricity prices for tourism services and lodging facilities, Dam, also head of the Committee, asked the Ministry of Industry and Trade (MoIT) to submit a plan on power price adjustment to the Prime Minister before application. The MCST, travel associations and firms should propose specific tax and land incentives, he said. Minister Nguyen Van Hung … [Read more...] about Committee seeks ways to ensure rapid, sustainable tourism recovery

A medical worker prepares medicine for COVID-19 patients at the National Hospital for Tropical Diseases' Intensive Care Unit (Photo: VNA) Hanoi (VNA) - The Ministry of Health has ordered health departments to strengthen the management and reporting of new COVID-19 cases. The move came after a series of fast-spreading sub-variants of Omicron (BA.4, BA.5, BA.2.75 and BA.2.12.1) were reported in the country. According to the ministry’s General Department of Preventive Medicine, the number of COVID-19 cases has been on the rise in both Vietnam and around the world. The country is currently recording an average of about 2,000 new cases each day. The number of new cases is believed to be on the rise again. Therefore, in order to actively prevent and control the COVID-19 pandemic, the department told leaders of health departments nationwide to regularly and promptly review and report new cases of COVID-19. The localities must comply with regulations on reporting new cases … [Read more...] about Health Ministry orders strengthening reporting of new COVID-19 cases

Indonesian Navy corvette (Photo:indonesiaexpat.biz) Brussels (VNA) – The European Union and Indonesia held their first joint naval exercise in the Arabian Sea on August 14-15. The exercise involved Indonesian Navy corvette KRI Sultan Iskandar Muda and EU NAVFOR Somalia – Operation Atalanta frigate ITS Virginio Fasan. It was based on the scenario of an anti-piracy operation, including cross-deck helicopter landings, complex tactical evolutions at sea, boarding of suspicious vessels and fuel replenishment at sea. The EU project on Critical Maritime Routes in the Indo-Pacific (CRIMARIO) provided its Indo-Pacific Regional Information Sharing (IORIS) platform for communication between participants in the exercise. The EU and Indonesia have conducted a regular Security Policy Dialogue to strengthen cooperation on security issues. In November 2021, the sixth meeting of the dialogue discussed maritime security alongside the fight against terrorism and violent extremism, … [Read more...] about EU, Indonesia hold first joint naval exercise