Myanmar situation

In detail, the Military Command of Lap Thach district mobilized officers, soldiers, and militiamen to help the locals in Son Dong commune, Lap Thach district harvest rice in flooded and fallen paddy fields. In Cam Trach village, Dao Tu commune, Tam Duong district, due to the prolonged and heavy rain, Cam Trach bridge has been severely  damaged, threatening the lives of local people. Knowing the situation, relevant forces of Tam Duong district's Military Command and the Border Guard Training Center rushed to the scene and promptly found effective solutions to the problem. In Tam Dao district, troops tried their best to evacuate flood-hit residents to safer places. Translated by Quynh Oanh … [Read more...] about Vinh Phuc troops help local people surmount flood consequences

Deputy Minister of Finance Nguyễn Đức Chi. The State authorities have recently taken a number of measures to strengthen the management and supervision of the securities market, including replacing the head of the State Securities Commission and taking disciplinary measures against leaders of the two national stock exchanges and the Việt Nam Securities Depository. Deputy Minister of Finance Nguyễn Đức Chi, who was appointed to take the charge of the State Securities Commission from May 19, spoke to the media about solutions to ensure the stable and safe operation of the securities market in the future. What is the view of the Ministry of Finance on the recent violations of the State management agencies in the securities market? Recently, authorities inspected activities on the stock market as well as State management agencies in charge of the market and have discovered the shortcomings and weaknesses of officials and civil servants in the … [Read more...] about Different plans to be prepared for safe and effective operation of the securities market

Positive prospects Total consolidated revenue of the Vietnam National Textile and Garment Group (Vinatex) in the first quarter of 2022 reached nearly VND4.9 trillion, a year-on-year increase of 45 percent. Its pretax profit reached VND376.7 billion, up 74 percent compared with the first quarter of 2021, and equivalent to 39.6 percent of the annual projection. Many textile and garment companies have received orders to maintain exports until the end of the third quarter of 2022 Vinatex attributed these results to the fact that most yarn companies of the group received orders in 2021 to maintain exports in 2022 and to the forecast about cotton price increases resulting in a large volume of low-priced cotton in stock. In early 2022, member companies of Vinatex achieved satisfactory business results and many received orders for the first three quarters of the year. The yarn sector so far has fulfilled 63 percent of its annual business plan. Garment companies have … [Read more...] about Q1 reports of Vietnamese enterprises reflect economic recovery

Deputy Prime Minister Pham Binh Minh (R) meets Governor of Gunma Prefecture Ichita Yamamoto (Photo: VNA) At the meetings, Deputy PM Minh thanked the Japanese localities for supporting the Vietnamese community there over the years, especially amid the Covid-19 pandemic. He highly valued efforts by the two prefectures in holding cultural exchange activities with Vietnam, even during the pandemic, contributing to enhancing mutual friendship between people of both countries. Highlighting that Vietnam has fully opened its tourism for foreign tourists and put Covid-19 under control, the Deputy PM suggested that the administrations of Kanagawa and Gunma take measures to encourage local businesses to invest in Vietnam, and pledged to create optimal conditions for those from the two prefecture as well as investors from Japan in general during their investment process. For their part, the two governors vowed to work harder to promote economic and cultural exchanges with Vietnam, and … [Read more...] about Vietnam pledges to create optimal conditions for Japanese investors: Deputy PM

Party and State leaders meet with NA ethnic minority deputies (Photo: VNA) President Nguyen Xuan Phuc, Prime Minister Pham Minh Chinh, NA Chairman Vuong Dinh Hue, NA Vice Chairman Tran Thanh Man, Chairman of the Vietnam Fatherland Front Central Committee Do Van Chien, and head of the Party Central Committee's Commission for Mass Mobilization Bui Thi Minh Hoai, attended the meeting. Speaking at the meeting, NA Chairman Hue emphasized that the Party and State always determine that the great unity of ethnic groups is extremely important to the country, which is home to 54 ethnic groups living together peacefully, and standing side by side in the process of national construction and defense. The Party and State consistently build policies on great national unity on the basis of equality, solidarity, respect and mutual development. Policies related to ethnic minorities are affirmed in all Constitution versions of the country, he stressed. In recent years, many socio-economic … [Read more...] about Party and State leaders meet with NA ethnic minority deputies

The launch of the 2021 Public Administration Reform Index and the Satisfaction Index of Public Administration Services. VNA/VNS Photo HÀ NỘI — The northern province of Hải Phòng and the Ministry of Justice topped the Public Administration Reform Index (PAR Index) of 2021, based on feedback collected from more than 79,000 people about administration reforms in 63 localities and 17 ministries in Việt Nam. The southern province of Kiên Giang and the Ministry of Science and Technology were at the bottom of the rankings. The results were announced on Wednesday by the Government’s Steering Committee on Public Administration Reform. Minister of Home Affairs Phạm Thị Thanh Trà said at the launch ceremony of the report on Wednesday that 2021 was the 10th year the Ministry of Home Affairs coordinated with ministries, localities and related agencies to deploy, identify and publish the PAR Index. 2021 was the 5th year the satisfaction of people and … [Read more...] about Hải Phòng tops Public Administration Reform Index for first time

Đỗ Xuân Lập, Chairman of the Việt Nam Timber and Forest Products Association. Photo laodong.vn Businesses are urgently preparing plans to be ready to respond if the US Department of Commerce investigates tax evasion with Vietnamese wooden cabinets. Pháp Luật Thành Phố Hồ Chí Minh (Hồ Chí Minh City Law Newspaper) interviews Đỗ Xuân Lập, Chairman of the Việt Nam Timber and Forest Products Association, about this issue. The US Department of Commerce recently said it had received an application to review the product scope and investigate tax evasion with imported kitchen and bathroom cabinets from Việt Nam. What is exactly the story here? This investigation was conducted because the American Kitchen Cabinet Alliance accused Vietnamese manufacturers and exporters of importing cabinets and cabinet parts from China (which is subject to a high level of defensive trade tax), and then fully assembling them in Việt Nam for export to the US. It is expected that after 30 days of … [Read more...] about Việt Nam seeks solutions to protect timber exports

The conference took place on Wednesday — Photo viettimes.vn The Vietnamese economy recovered more slowly than the world economy last year, but the reverse is likely to be true this year. BIDV Chief Economist Can Van Luc made the forecast at the conference “Vietnam financial market 2021 and outlook 2022” yesterday. Luc had three possible scenarios for the Vietnamese economy in 2022. In the best-case scenario, the economy is expected to rebound strongly with an annual growth rate of 6-6.5 per cent. The figure is adjusted down to 5.5-6 per cent in the base-case scenario, and to 4.5-5 per cent if things do not turn out well. Meanwhile, inflation is believed to rise steadily due to global inflationary pressures. “I’m quite sure that Vietnamese inflation will rise to around 3.8-4.2 per cent this year. It’s inevitable amid rapid-rising global inflation,” he added. Additionally, Luc was optimistic that the securities market is likely to become more sound and stable after several … [Read more...] about Vietnamese economy to do well in 2022: experts

National Assembly deputies were divided into teams to discuss socio-economic achievements and challenges during their third working day in Hà Nội on Wednesday. VNA/VNS Photos Phạm Kiên HÀ NỘI — National Assembly Chairman Vương Đình Huệ yesterday day expressed his concern that this year’s growth target will be hard to reach. He was speaking during the third working day of the third session of the 15th-tenure National Assembly (NA) in Hà Nội. NA deputies reviewed the socio-economic development results in 2021, and discussed plans for further development and budget allocation this year. Discussing the economic growth targets that the 13th Party Congress set for the next five years, NA chair Huệ expressed his worries that the country must try much harder to achieve the gross domestic product (GDP) growth target of 8-8.5 per cent this year. The congress set a GDP growth target of 6.5-7 per cent each year from 2021 to … [Read more...] about Reaching growth target a challenge for this year: NA chair