Pm tells eu ambasador

Nearly 9,000 petrol stations nationwide have sent a group letter to PM Pham Minh Chinh, asking for his support to amend petrol trading regulations. Illustrative photo In their letter, the petrol retail businesses complained that many policies have become outdated, causing them great losses. They called for the amendment of Decree 83/2014 and Decree 95/2021 on petrol trading. The decrees regulate that petrol retail businesses can only sign contracts with one supplier and are often dependent on them, badly affecting their competitiveness. "That only supplier usually refuses to sell the products ahead of a price hike as they want to wait and get higher profits," the letter said. "As such, we sometimes have to close due to a lack of supply." The retailers proposed that local authorities allow them to get products from at least three suppliers. The proposal has received support from the Ministry of Industry and Trade, which said that the decrees should be … [Read more...] about Nearly 9,000 petrol stations call for support from PM

Singaporean Minister-in-charge of Trade Relations S Iswaran and European Commissioner for Internal Market Thierry Breton sign the EU-Singapore Digital Partnership on February 1, 2023. (Photo: channelnewsasia) Brussels (VNA) – The European Union ( EU ) and Singapore on February 1 signed in Brussels the EU-Singapore Digital Partnership (EUSDP) that will lead to a digital trade agreement to enable consumers and businesses to transact online more seamlessly and at lower costs. The pact aims to boost participation in the digital economy by imparting relevant skills to workers in both jurisdictions and transforming their businesses and public services. Other areas of collaboration include digital trade facilitation, trusted data flows, electronic payments and standards. The deal will also focus on emerging areas such as artificial intelligence, digital identities, and 5G/6G communication networks. Signatories were Singapore’s Minister-in-charge of Trade Relations S. … [Read more...] about EU- Singapore launch digital partnership

At the event (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh on February 2 asked the Government, ministries, agencies and localities to boost production and trade, deal with difficulties to be faced by businesses and people this month to achieve rapid and sustainable socio-economic development. Chairing the Government’s monthly teleconference with localities, PM Chinh said since the beginning of this year, the Government has followed the Party Central Committee’s conclusions, the National Assembly and Government’s resolutions and Party General Secretary Nguyen Phu Trong’s directions on 2023 socio-economic development. Ministries, agencies and localities have also drastically performed their assigned tasks. In January, macro-economic situation was basically stable. The consumer price index rose by 0.52% month-on-month and 4.89% year-on-year. As of January 17, credit growth hit 0.65% compared to the end of last year, meeting public demand before and during the … [Read more...] about PM chairs monthly teleconference with localities

The property market and corporate lending are key issues that need to be addressed, and the Cabinet has scheduled a meeting of ministers this month to resolve current issues, he told a meeting Thursday. The property market accounts for around 11% of GDP and has a close relationship with many industries that create a large number of jobs. But since last year it has been facing difficulties due to tightened credit, excessive supply and lack of transparency. Many projects have been suspended due to a cash shortage. Chinh warned the economy faces risks this year with exports seeming to slow down while the industrial production index in January declined by 8% year-on-year. It is difficult to attract foreign investment, while recovery programs have been delayed, he said. He called on the Ministry of Finance to quickly complete a bill that will amend regulation of bond issuances, both domestically and internationally. Work on large public projects needs to be accelerated to … [Read more...] about PM calls for fixing property market ills

The country is forecast to be the second-fastest growing economy in Asia-Pacific this year. Vietnam would continue to prioritize macroeconomic stability and containing inflation in anticipation of greater challenges from both domestic and international fronts in 2023. Prime Minister Pham Minh Chinh at the meeting. Photos: VGP Prime Minister Pham Minh Chinh gave the remarks during a monthly Government meeting today [February 2]. According to Chinh, Vietnam’s socioeconomic performance in January has been positive with strong results in all fields and sectors, especially in industries, agriculture, and tourism. The World Bank in its latest global economic outlook report forecast Vietnam’s GDP in 2023 at 6.3% year on year, down 0.2% from the previous assessment, but still the second highest in Asia-Pacific. In addition to economic development, the authorities have taken measures to ensure social welfare and provided financial support for 25 million eligible … [Read more...] about Vietnam prioritizes macroeconomic stability in 2023: PM

Prime Minister Pham Minh Chinh speaks at the meeting. (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh has directed that maintaining macro-economic stability , controlling inflation, propelling growth and ensuring major balances of the economy continue to be priorities in February and coming months. risk warnings while adopting a sound, flexible and effective monetary policy in close and synchronous combination with monetary, fiscal and other policies. credit organisations , gearing credit into production and trade, priority areas and growth pillars. Another important topic is stepping up cashless payment, while tackling difficulties for real estate market, prioritising capital for transparent and effective enterprises, and enhancing social investment attraction and public-private partnership. VNA … [Read more...] about Macro-economic stability, inflation control continue to be priority: PM

Pineapple processing at Dong Giao Foodstuff Export JSC in the northern province of Ninh Binh. Agriculture plays a pivotal role in the economies of Viet Nam and the Netherlands and is deeply imprinted in the culture and people of the two countries. — VNA/VNS Photo Thuy Dung Due to their similar geographical features and advantages, the Viet Nam and the Netherlands have increased their sustainable development partnership in agriculture, water management, and climate change adaptation, said Ambassador of the Netherlands to Viet Nam Kees van Baar. Agriculture plays a pivotal role in the economies of Viet Nam and the Netherlands and is deeply imprinted in the culture and people of the two countries, the diplomat told Dau tu (Vietnam Investment Review). Close co-operation between the two sides has resulted in new visions and the blooming of business cooperation, with a growing number of the Netherlands' companies doing business and investing in Viet Nam. The Netherlands is the … [Read more...] about Viet Nam, Netherlands eye further cooperation in sustainable development

In January, an estimated 27 trillion VND from the State budget was disbursed, including 4.2 trillion VND managed by the State, or 3.1% of the annual plan and up 15.7% compared to the same period last year. The remainder was managed by local authorities, equivalent to 4.2% of the annual plan and marking a rise of 1.2% over the corresponding period of 2022. The total capital investment plan for 2022 from the state budget approved by the National Assembly was over 580 trillion VND, including more than 276 trillion VND from the State and the remaining from localities. By December 31 last year, the disbursement of the investment plan from the state budget was estimated at over 435.6 trillion VND, or 75.11% of the plan assigned by the Prime Minister, lower than the 77.3% recorded in the same period of 2021, yet the absolute figure of the disbursement in 2022 was more than 79 trillion VND higher than the same period of 2021, according to the Finance Ministry. Of the figure, over 424 … [Read more...] about Hanoi, Ho Chi Minh City record highest disbursement of public investment capital in January

The government's rebranding campaign, "Hello, Hong Kong", bills itself as an effort to tell "good stories" about the southern Chinese city. Promising "no isolation, no quarantine and no restrictions" during a speech to business and tourism heavyweights, Chief Executive John Lee announced 500,000 free air tickets for visitors to experience the city's "hustle and bustle." The giveaway will open in March, with another 80,000 tickets up for grabs to residents in the summer. "This, ladies and gentlemen, is probably the world's biggest welcome ever," Lee said. Adherence to Beijing's zero-Covid doctrine of quarantine, closed borders and face masks kept Hong Kong largely virus-free until a deadly Omicron outbreak at the start of 2022. But it also contributed to an economic recession and the exodus of more than 2.5% of the population. Even as business leaders warned Hong Kong would need a full Covid exit plan before any meaningful reboot, officials insisted on gradually rolling back … [Read more...] about Hong Kong offers free flights after Covid isolation

Chairing the government’s monthly teleconference with localities, PM Pham Minh Chinh said since the beginning of this year, the government has followed the Party Central Committee’s conclusions, the National Assembly and government’s resolutions and Party General Secretary Nguyen Phu Trong’s directions on 2023 socio-economic development. Ministries, agencies and localities have also drastically performed their assigned tasks. In January, macro-economic situation was basically stable. The consumer price index rose by 0.52% month-on-month and 4.89% year-on-year. As of January 17, credit growth hit 0.65% compared to the end of last year, meeting public demand before and during the lunar New Year (Tet). The State budget collection reached 11.3% of the estimate for the year, while newly-registered FDI tripled the figure in the corresponding period last year to 1.2 billion USD. The trade surplus was estimated at 3.6 billion USD. National defense - security was guaranteed while external … [Read more...] about Prime Minister chairs monthly teleconference with localities