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/ February 26, 2021

Comprehensively reforming State’s economic management

With five groups of solutions and 25 tasks, the plan puts forward that by 2030, the State’s management methods will be reformed in a fundamental and comprehensive manner and aligned with international principles and practices in a bid to create a favourable business climate for all economic sectors, thereby helping achieve all targets relevant to the private economic sector as stated in Resolution No 10-NQ/TW, developing the private economic sector into an important driving force of the socialist-oriented market economy. During the course of the three years implementing the resolution, Vietnam’s private economic sector has seen robust development and has gradually become a driving force in promoting national economic growth. Private businesses, particularly large scale ones, have made remarkable strides in establishing their roles and position in the national economy. Many private enterprises have shown performance levels as effective as or even more so than State-owned and foreign-invested enterprises. More and more major private corporations and domestic joint stock companies have invested abroad in developed countries to expand their markets and promote their brands such as Vingroup, Vietjet Aviation Joint Stock Company, Truong Hai Auto Corporation (Thaco), T&T Group, Vietnam Dairy Products Joint Stock Company (Vinamilk), and FPT Group. Private enterprises made up only 20% of the 500 largest enterprises in Vietnam (VNR500) in 2017, the figure then reaching 57.8% in 2019. The proportion of overall revenue from private enterprises also increased to 37.51% in 2019 from 27% in 2016. These figures were made possible thanks to the efforts of enterprises themselves as well as Government policies designed to create a favourable and equal business environment in recent years. However, according to the General Statistics Office, private enterprises only contribute about 9.1% of GDP. To address the problem, the 13th National Party Congress’s Resolution was …

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/ February 25, 2021

Vietnamese ambassador runs for re-election to International Law Commission

Ambassador Nguyen Hong Thao (Photo: VNA) Hanoi (VNA) – Vietnam's permanent missions to the United Nations (UN) in New York and Geneva have recently sent diplomatic notes to the UN and countries informing the candidacy of Ambassador Nguyen Hong Thao to the International Law Commission (ILC) for the 2023-2027 tenure, marking the official start of the Vietnamese candidate's campaign for re-election to the UN’s important law organ. In 2016, Ambassador Thao became the first Vietnamese to be elected as an ILC member. During the 2017-2022 tenure, he actively promoted ILC’s research results, delivered speeches and joined discussions at the ILC. He also helped express developing nations’ interest in new and non-traditional topics, and actively joined in discussions on topics such as protection of the atmosphere and environmental protection in armed conflicts. Most notably, he strongly supported the ILC’s research on rising seawater level and the addition of the issue to the committee's long-term working agenda. With an in-depth knowledge about laws on the sea and the environment, he made significant contributions to the first report of the research group on rising sea level in relation to international law last year. Apart from valuable professional contributions, Thao also played a role in fostering connections and ties among ILC members to promote exchange between legal researchers and practitioners of international law at home and abroad. He was also speakers at many universities and prestigious seminars in the region. In 2018, he was elected as the second Vice Chairman of the ILC on the occasion of its 70th founding anniversary. With dedication to the progress of international law, he was nominated for a seat at the ILC for the 2023-2027 tenure, becoming one of the 10 candidates of the Asia-Pacific. The ILC election will take place in New York in November 2021. Ambassador Thao is a senior Vietnamese diplomat with 40 years of experience. He …

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/ February 25, 2021

VIETNAM NEWS HEADLINES FEB. 25

Buddhists pray online due to COVID-19 outbreak Blood shortage warned as donations postponed due to COVID-19 outbreaks The resurgence of the COVID-19 pandemic in many cities and provinces in recent weeks has seriously affected the blood supply for medical treatment. Although many people and organisations responded to the call of blood donation by the National Institute of Hematology and Blood Transfusion (NIHBT) on February 19, the amount of blood received per day was still only a few hundred units while the average need for treatment each day is from 1,200 to 1,500 units. There is usually a shortage of blood during the Tết (Lunar New Year) holiday as the holiday lasts long while blood has a short shelf life and many patients still need blood transfusions during Tết. This year, the pandemic's resurgence has made the shortage after Tết even worse. Before Tết, 30 entities requested to postpone or cancel blood donation plans which meant the NIHBT missed out on receiving more than 8,000 units. After the holiday, the institute received information about the delay of 24 more blood donation plans from now to the end of March with an expected donation of 5,000 units. In addition, the blood donation schedule in March cannot be confirmed because it depends on the university and college's return to the school schedule. This means the blood reserves of the institute are decreasing. If this situation continues, blood reserves will decrease to an alarming threshold, fell into a state of scarcity and seriously affect the blood supply to health facilities. The Institute’s director Bạch Quốc Khánh said: “The estimated blood demand for emergency and treatment in February and March of the institute is about 50,000 units.” “With blood donation schedules maintained up to now, there was still a shortage of about 20,000 units, seriously affecting the provision of 177 medical facilities in 28 provinces and cities in the north with about 41 million …

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