Norton security 2015

Ambassador Đặng Đình Quý, Permanent Representative of Việt Nam to the UN, attends the online meeting on Tuesday. — VNA/VNS Photo NEW YORK — The United Nations Security Council (UNSC) held an online meeting on Tuesday to discuss the operation of the United Nations Interim Administration Mission in Kosovo (UNMIK). Zahir Tanin, Special Representative of the UN Secretary-General and head of the UNMIK, delivered a report on the mission’s work at site from September 16, 2020 to March 15, 2021, focusing on speeding up measures to build trust among all relevant parties, strengthen dialogue and offer support to local communities to deal with impacts of the COVID-19 pandemic. Members of the council recognised the efforts of the mission and showed their hope that relevant parties increase dialogue and seek long-term, comprehensive solutions for peace and stability in the region. Many countries expressed their support to the mission’s role, however, some pointed to the need to maintain the UNMIK’s operation. Addressing the meeting, Ambassador Đặng Đình Quý, Permanent Representative of Việt Nam to the UN, praised the role of the UNMIK in Kosovo, especially in supporting the local community to cope with COVID-19. He called on all parties concerned to seek comprehensive and long-lasting solutions in line with international law, the UN Charter and UNSC resolutions, while promoting dialogue and addressing differences as well as focusing on coping with the pandemic to ensure the livelihood and development of communities in Kosovo. The UN Security Council, by its Resolution 1244 (1999), authorised the UN Secretary-General to establish an international civil presence in Kosovo – the UNMIK – in order to provide an interim administration for Kosovo under which the people of Kosovo could enjoy substantial autonomy. —VNS …

[Read more...] about UN Security Council discusses Kosovo mission’s operation

The Ministry of Industry and Trade (MOIT) has proposed removing a tentative regulation in a draft decree that says foreign investors can hold up to 35 percent of shares of petroleum trading companies. MOIT has submitted a statement to the Government about amending some articles of the decree 83/2014 on petroleum trading management. The document was submitted on March 29, just days before the new Government tenure began. Foreign-ownership ratio According to MOIT, when the Government Office collected opinions from Government members on the draft that amends and supplements Decree 83 on petroleum trading, 24 out of 25 members agreed with the draft regulations. Only one member, who asked for an adjustment, disagreed with the plan to allow businesses trading petroleum products to transfer up to 35 percent of shares to foreign investors. Three members agreed with the draft document, but also offered suggestions on several issues. In the document, MOIT gave further explanations about the tentative plan to allow Vietnamese petroleum trading companies that have production activities to transfer shares to foreign investors. This remains a controversial issue. The ministries of Public Security, Planning and Investment, and Finance say this raises concerns about energy security, legality, and the benefits of opening the market to foreign investors. MOIT said the regulation was recently legalized, but, in fact, it has already been implemented. Petrolimex, for example, has sold 20 percent of its shares to a foreign investor, PVOil 35 percent, and BSR 49 percent through equitization. The sales were approved by the Prime Minister before they were implemented. These enterprises have been operating as usual. MOIT explained that adding the regulation to the draft decree aims to implement the Government decision in March 2016 on issuing shares to Petrolimex’s strategic shareholders to increase its capital. The ministry said the presence of foreign investors …

[Read more...] about Ministry proposes removing regulation on foreign-ownership ratio in petrol trading firms until PM reviews

Clients make transtraction at the HDBank branch in Ha Noi. — VNA/VNS Photo Tran Viet Credit growth will expand significantly from the second quarter and exceed the State Bank of Vietnam (SBV)’s target of 12 per cent for the year as a whole if the pandemic is brought under control and the vaccination campaign proves effective, according to insiders. Regarding domestic recovery in its strategic investment report for 2021, the VNDirect Securities Corporation forecast that this year's credit growth would top 13 per cent and interest rates could fall 20-50 percentage points in the context of loose monetary policy and low inflationary pressure. According to Can Van Luc, BIDV chief economist, 10-15 per cent growth is suitable, given that risks await commercial banks despite the economic recovery. Potential bad debts are on the rise, which will eat into banks' profits. Meanwhile, the SBV’s Department of Credit for Economic Sectors has forecast strong credit growth from the second quarter, which could be higher than the SBV’s target of 12 per cent, especially in the fields of industrial production, exports, trade and tourism. Good domestic consumption, rosy exports, strong FDI attraction and disbursement of public investment will drive credit growth. Head of the department Nguyen Tuan Anh revealed that as of the end of March, credit growth was up by 2.3 per cent compared to the end of 2020 and higher than the figure in the same period last year, when credit growth in the economy inched up less than 1 per cent. From the outset of this year, the SBV was prudent in assigning credit growth for commercial banks, Anh said, adding that it outlined three scenarios for credit growth this year, with the maximum reaching 14 per cent if COVID-19 was wiped out in the first quarter, 10-12 per cent if the pandemic lasts until June and social distancing measures are put in place, and 7-8 per cent if it lasts until the end of the year. According to economist Nguyen Tri …

[Read more...] about Good control of pandemic will accelerate credit growth: experts