Plan has been submitted

Deputy Minister of Finance Nguyen Duc 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 Viet Nam Securities Depository. Deputy Minister of Finance Nguyen Duc 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 process of performing their duties. … [Read more...] about Different plans to be prepared for safe and effective operation of the securities market

Participants at the event (Source: Vietnam Mission to ASEAN) Jakarta (VNA) - Ambassador Nguyen Hai Bang , Permanent Representative 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. During the meeting on May 24, the two sides noted the progress made in the ASEAN-RoK cooperation over the past year, including following up on the outcomes of the 22nd ASEAN-RoK Summit in October 2021 and activities to implement various areas of cooperation under the ASEAN-RoK Plan of Action (2021-2025). Within the framework of the key cooperation mechanism - the ASEAN-Korea Cooperation Fund (AKCF), 20 projects are being implemented with a total investment of 56 million USD, focusing on five priority areas of education and training, the environment, economic recovery, culture and tourism, and health. In addition, there are nine projects waiting for approval, … [Read more...] about Vietnam co-chairs ASEAN-Korea Joint Cooperation Committee’s meeting

The projects invested by the ministry include the transport project connecting mountainous Northern provinces, the Tan Van - Nhon Trach section of Ho Chi Minh City's Ring Road No. 3 project, the construction of Dien Chau-Bai Vot section of the North-South expressway, My Thuan – Can Tho Expressway, construction of the Interconnecting Road to National. Highway No 91 and Long Xuyen City bypass, the subproject on upgrading and renovating National Highway 279B, construction of the National Roads of 21B and 15, and the project to upgrade the runways at Tan Son Nhat International Airport. The Ministry of Transport has disbursed VND15,080 billion (US$650 million), reaching 34.9 percent of the plan. The ministry has allocated VND45,343 billion (US$1.95 billion) for a public investment plan in 2022 to investors, achieving 90 percent of the Prime Minister’s plan. The remaining capital will be given when subprojects of the North-South expressway project in the 2021-2025 period are … [Read more...] about Transport Ministry announces projects with slow disbursement

Project funding structure The road will be 98 kilometers long - 54 kilometers in Hanoi, 23 kilometers in Hung Yen Province and 21 kilometers in Bac Ninh Province. The belt is expected to ease traffic congestion that has hampered economic development of the capital and its satellite cities. For Hanoi, this is also the road connecting Noi Bai International Airport and a second international airport in the southeast of the capital, regulating the expressway system and reducing the load on ring road 3, which connects five satellite cities in Hanoi’s urban cluster. Hanoi’s traffic infrastructure has developed significantly To ensure balanced resources, the project will combine public and private funding. The total project budget stands at about US$3.7 billion, including three sub-projects undertaken by investors with a total investment of almost US$1.3 billion. According to Vice Chair of the Hanoi City People’s Committee Duong Duc Tuan, this is a very effective and … [Read more...] about About US$3.7 billion to be invested in Hanoi’s ring road 4 construction

Some localities have recently proposed not receiving vaccines or transfer the allocated vaccines, leading to the fact that the COVID-19 vaccination target is likely to be missed, the ministry said, citing a report from the National Institute of Hygiene and Epidemiology (NIHE). As of May 21, more than 219 million doses of COVID-19 vaccines have been administered nationwide. Localities have made great efforts in rolling out vaccination campaigns to ensure its safety and effectiveness and achieve a high vaccination rate. The number of vaccines received by the MoH is enough to give the 3rd and 4th shots for people aged 18 years and older who are eligible for vaccination, it said. The ministry proposed leaders of the provinces and cities direct the Departments of Health and related agencies to promptly review the number of people who are eligible for COVID-19 vaccination, focusing on completing the injection of third shots for people 18 years old or older in the second quarter of … [Read more...] about Localities urged to step up vaccination against COVID-19

Indonesian Minister of Trade, Muhammad Lutfi (R) shakes hands with Japanese Minister of Economy, Trade and Industry Hagiuda Koichi after a meeting in Thailand (Photo: Indonesian Ministry of Trade) Jakarta (VNA) – Indonesia appreciated Japan 's desire to discuss the 'Asia Japan Investing for Future Initiative', Indonesian Minister of Trade Muhammad Lutfi said during his recent meeting with Japanese Minister of Economy, Trade and Industry Hagiuda Koichi. Lutfi said Indonesia welcomed the discussion to prepare this initiative for the benefit of the region. He revealed that there are at least three things that are of concern to Indonesia regarding this initiative. These things are related to the expected results, funding mechanisms, and the planned implementation time. The Indonesian minister also appreciated Japan's support for this year's G20 Presidency, hoping that the support will help G20 member countries generate useful achievements and priority agendas. … [Read more...] about Indonesia, Japan discuss regional economic development

Illustrative image (File photo) Hanoi, May 25 (VNA) - Over 700 prehistoric artefacts have been discovered inside Tham Un cave in the northern mountainous province of Bac Kan’s Ba Be district. The discovery resulted from a fact-finding trip undertaken by the Institute of Archeology, the Vietnam Archeology Association, and the Bac Kan Museum. Combing the entire cave, their team found traces of ancient people almost everywhere. Among the artefacts discovered were stone tools made from river pebbles. According to Associate Professor, Dr Trinh Nang Chung, based on the overall study of the relics as well as the structure and age of the sediment, researchers believe that Tham Un was a residence of many generations of prehistoric people . Its early inhabitants belonged to the late Bac Son Culture dating back 5,000 to 6,000 years, while the late inhabitants were from the Late Neolithic - Early Metal Ages dating back about 4,000 years. This is a very important … [Read more...] about Prehistoric relics discovered in Bac Kan cave

The Van Phong 500kV transformer station under construction in Khanh Hoa province (Photo: VNA) Hanoi (VNA) – Vietnam Electricity (EVN) said it will make adjustments to the power grid to ensure power supply for daily public energy use in the second quarter - the peak of the dry season, when power generation becomes a serious issue. Daily consumption in April was estimated at 779 million kWh while load power stood at about 42,124 MW, rising 5.3 percent year on year. Difficulties are likely to linger on this season in terms of coal supply for thermal power plants . The State-owned group said coal shortages were recorded in Q1, at 1.36 million tonnes lower than the contracted volume, forcing thermal power plants to cut turbines, reducing output by 1.365 billion kWh. Facing that reality, the firm worked with coal suppliers to find solutions and reported the problem to authorities. EVN flexed its fleet of hydropower plants so as to guarantee both power generation … [Read more...] about Vietnam Electricity gearing up to keep lights on for dry season

This year, Ha Giang Province will implement 11 industry promotion projects and two related tasks at a total cost of VND4.178 billion, including application of advanced machinery and equipment in tea processing, fine art and handicraft production, and garment and other consumer goods manufacture. Ha Giang Province’s industry promotion sector helps enterprises apply advanced machinery to tea production In 2021, with funding from the local industry promotion program, the Industry and Trade Promotion Center of Ha Giang Province helped the Tuan Bang trading and transport cooperative in the province’s Xin Man District procure three gas-based tea dryers, allowing the cooperative to dry 50 tonnes of green tea per year. The Coc Re trading and agro-forestry service cooperative in Xin Man District also received industry promotion funding as well as labeling and packaging design assistance for bee honey production. The support has helped the cooperative considerably improve its … [Read more...] about Ha Giang Province facilitates rural industrial production

Illustrative image. (Photo: VNA) Localities in the region have also organized investment promotion workshops to popularize Vietnam’s investment environment and its advantages and potential. In mid-May, Pandora, a Danish jewelry manufacturer, announced that it will invest US$100 million to build a new facility in the Vietnam Singapore Industrial Park (VSIP) in the southern province of Binh Duong under a memorandum of understanding signed between two sides. Jeerasage Puranasamriddhi, Chief Supply Officer of Pandora group, said they have chosen Binh Duong province for the availability of skilled workforce, its infrastructure and proximity to international airports, adding that the enthusiasm, support and strong commitment the group receives from the local administration was also a reason. According to the provincial People’s Committee, in the first four months of this year, Binh Duong attracted a total of $2.35 billion in 16 new projects, nine existing ones, and from the … [Read more...] about Key southern economic region a magnet for FDI