Pham minh tuan

Legislation review necessary to increase tempo on public disbursement activities, illustration photo/ baodautu.vn Assoc. Prof. Pham The Anh from the National Economics University said that changing the slow disbursement of public investment would be very challenging because of legal risks and responsibility. “I don’t think the slow disbursement is due to the lack of motivation by those responsible for the implementation,” said Anh. “In the past two years, the bottlenecks in public investment were related to the legal environment,” he added, citing legal problems in land clearance. “The Vietnamese government still has the ability to keep up with the disbursement speed by reviewing the legislation related to public investment decisions.” In 2022, the government expects to disburse $17.69 billion according to Decision No.2048/QD-TTg dated December 6, 2021 on assigning state budget investment for 2022. “The latest directives are aimed at disbursing public investment on schedule … [Read more...] about Legislation review necessary to increase tempo on public disbursement activities

The regional framework should be in line with international laws and ASEAN Centrality. Vietnam has highlighted the role of international economic initiatives when talking about the Indo-Pacific Economic Framework (IPEF) which was launched by the US three days ago. “Vietnam has joined a number of international economic initiatives that help make the most of domestic and foreign resources, serving the country’s development,” Spokesperson Le Thi Thu Hang of the Ministry of Foreign Affairs (MoFA) said today. Hang made the statement at the press conference on May 26 when talking about Vietnam’s participation in the launch of IPEF through a speech delivered by Prime Minister Pham Minh Chinh. Chinh said the launch of IPEF will kickstart a serious discussion in exchange of ideas towards addressing critical regional and global issues together, issues that no one can address on their own like ones on a global scope – supply chains diversification and resilience, technological … [Read more...] about IPEF should treasure openness, inclusiveness and transparency: foreign ministry

Facebook ads in Vietnam will be subject to a 5 per cent value-added tax beginning from June 1. (Photo vtv.vn) Hanoi (VNS/VNA) - Facebook ads in Vietnam will be subject to a 5 percent value added tax (VAT) beginning from June 1. This affects advertisers who have set Vietnam as their “Sold To” country on their business or personal address. In addition to Vietnam, starting from April and September, Meta, Facebook's parent company, will also add VAT to advertising costs in Cambodia and Thailand, respectively. Not long ago, Facebook also charged a foreign currency conversion fee of 1-3 percent for transactions in Vietnamese dong. Within the framework of Prime Minister Pham Minh Chinh's working visit to the US on May 20, representatives of the Public Policy Department of Meta had a meeting and discussed with the Prime Minister and the Ministry of Planning and Investment. Meta said that it would register, declare and pay foreign contractor tax in Vietnam. Previously, … [Read more...] about Facebook ads in Vietnam to be charged 5 percent VAT from June 1

Deputy Prime Minister Pham Binh Minh. (Photo: VNA) Tokyo (VNA) – Deputy Prime Minister Pham Binh Minh is set to deliver a speech at the 27th International Conference on the Future of Asia (FOA 2022) that opened in Tokyo on May 26. This year’s conference, held in both online and in-person forms, saw the attendance of leaders from Asian countries, including those from Southeast Asian nations such as Cambodian Prime Minister Samdech Techo Hun Sen, Lao President Laos Thongloun Sisoulith, Malaysian Prime Minister Ismail Sabri bin Yaakob, Prime Minister of Singapore Lee Hsien Loong and Thai Prime Minister Prayut Chan-ocha. During the two-day conference, the political and economic leaders and scholars listen to views of Asian leaders on regional and international issues. Besides, panel discussions feature topics such as change the world from Asia, developing Asian business through cultural exchange, Russia-Ukraine conflict, and Asian security. The Future of Asia is an … [Read more...] about Vietnam attends int’l conference on future of Asia

Vietnamese students brought home two silver and one bronze medals at the 2022 European Physics Olympiad, the Vietnam Physics Society (VPS) announced on May 25. The five-strong Vietnamese team (C) participating in 2022 European Physics Olympiad (Photo: CTV) Specifically, Nguyen Tuan Phong from the Bac Ninh High School for the Gifted in the northern province of the same name, and Pham Trung Kien from the Tran Phu High School for the Gifted in the northern city of Hai Phong won the silver medals. Meanwhile, the bronze medal was grabbed by Le Thuy Mai Anh from the Ha Long High School for the Gifted in the northern province of Quang Ninh. This year, Vietnam sent five students to the competition, who had been selected by the VPS from those winning prizes at the national physics competition. This year’s competition was held in Slovenia, drawing the participation of 182 contestants from 37 nations. Last year, Vietnamese students brought home one gold and one … [Read more...] about Vietnamese students win three medals at 2022 European Physics Olympiad

The pandemic has pushed forward the trends of e-commerce in Vietnam 2-3 years earlier than forecast with the sector growing in size four times over last year, according to a 2021 Lazada report. “Some of the e-commerce trends we expected would happen in 2025, such as in edutech and fintech, have already happened in 2022,” noted Nguyen Huy Hoang, chief business officer at OnPoint E-commerce. “Hence, all e-commerce platform companies are investing hugely in Vietnam.” However, as shopping centres and small brick-and-mortar stores are now reopened, many investors are concerned that the boom in e-commerce was just a short-term fad and the majority of consumers could quickly shift back to offline shopping. On May 12 at the Vietnam Online Business Forum, the general consensus amongst experts was that e-commerce will continue to boost the economy after the pandemic. Specifically, in the first quarter of 2022, the industry saw more than 8 million new online consumers. A survey … [Read more...] about All to play for in e-commerce rise

At the meeting with NA deputies in HCMC  (Photo: SGGP) On the afternoon of May 26, the National Assembly discussed in groups the amended Law on Inspection and the amended Law on Medical Examination and Treatment. President Nguyen Xuan Phuc emphasized the Law on Medical Examination and Treatment, suggesting there will be clear regulations on medical examination and treatment for children. According to Mr. Phuc, the Law on Medical Examination and Treatment directly relates to people's health, so it is necessary to fix it. But the President said that the law has not mentioned enough the responsibility of the health sector in medical care for children. The President said that children are the future of the nation and the citizens of tomorrow, so they need to receive good healthcare. In this regard, the current Law on Medical Treatment is outdated and does not keep up with real life. Therefore, this time revised Law must add many provisions related to children's rights. The … [Read more...] about Children must be given priority for health examination: President

Hanoi (VNA) - The following is a list of selected news summaries last night by the Vietnam News Agency. Party and State leaders meet with NA ethnic minority deputies (Photo: VNA) - Party and State leaders had a meeting with members of the 15th National Assembly (NA) from ethnic minority groups, on May 25. Read full story - Deputy Prime Minister Pham Binh Minh had meetings with the governors of Kanagawa Prefecture and Gunma Prefecture, Yuji Kuroiwa and Ichita Yamamoto, respectively, on May 25 as part of his ongoing trip to Japan. Read full story - Ambassador Nguyen Hai Bang, Permanent Representatives of Vietnam to ASEAN, has co-chaired the 9th meeting of ASEAN-Korea Joint Cooperation Committee (AKJCC) with the Republic of Korea (RoK)’s Ambassador to ASEAN Kwon Hee-seog. Read full story - Vietnam’s internet economy was valued at about 21 billion USD in 2021, contributing to 5 percent of GDP and rising seven-fold from 2015, heard the Vietnam - Asia Digital … [Read more...] about ☀️ Morning digest on May 26