Revolutionary youth union

It was part of the "Sentiment towards national borders, sea and islands" program, which is held annually by the GDP and military units nationwide. During the program, the organizing board presented gifts to 15 war veterans of no-number ships; 25 families of troops on duty on Truong Sa archipelago, and needy troops. Meanwhile, the MR4’s armed forces presented a "100 VND" house, worth VND 80 million, to Private First Class Tran Xuan Quy from Dong Trach commune, Bo Trach district, Quang Binh province; while the Quang Binh provincial Youth Union Organization handed over two houses, 30 livelihood models to youths’ relatives and schools in the areas. In addition, the organizing board also handed over 1,500 national flags, 400 life jackets to fishermen in the province, together with many other practical gifts, totally worth VND 1.8 billion. On the same day, the organizing board offered incense in tribute to President Ho Chi Minh and fallen soldiers in Quang Binh province, visited and … [Read more...] about Meaningful activities held in response to “Youths and national sea and islands” program

HCM City will increase funding to support start-ups of young entrepreneurs by VNĐ300 billion (US$12.7 million) over the next five years. The Saigon Innovation Hub (SiHub) under the HCM City Department of Science and Technology has been a co-working space of many start-ups in the city over the years. The municipal People’s Committee has issued a plan to launch a movement called "HCM City’s youth start-up business, innovation" in the period of 2023-27. Accordingly, the city aims to support 800 youth start-ups and innovation projects, and provide preferential loans worth VNĐ2 trillion ($84.8 million) to support young people to start and develop businesses by 2027. It will set up a database of start-ups and advise on policies to encourage young people to start business and promote innovation. A dialogue between city leaders and young start-ups will be held every two years. The city will organise an annual start-up and innovation contest for young people's … [Read more...] about HCM City to increase financial support for start-ups of young entrepreneurs

During the meeting, Major General Doan Quang Hoa presented MND’s gifts to the national contributors from Vinh Long province, affirming that over the past years, the Central Military Commission, MND directed functional units to closely work with relevant ministries and organs to make recommendations to the Party and State to take care of policy for fallen soldiers, war veterans, and national contributors, and implement policies for military and its rear. Accordingly, gratitude activities were held so as to take care of revolutionary contributors. Over the past ten years, troops in the whole military have donated nearly VND 550 billion to the “Gratitude Fund,” built more than 7,000 gratitude houses, taken care of 2,879 heroic Vietnamese mothers, among others. The military always strictly implements policies towards national contributors and people serving international service. Addressing the meeting, Deputy Director of the Department of Labor, Invalids and Social Affairs of Vinh … [Read more...] about MND presents gifts to 70 revolutionary contributors in Vinh Long province

Participants at the event were updated on the current situation of the country's sea and islands, efforts to combat IUU fishing associated with the responsibilities of union members and fishermen towards having the “yellow card” imposed by the European Commission on Vietnamese fishery products removed. According to the Vietnam General Confederation of Labor, the VFTU has 90 chapters in 16 out of 28 coastal provinces and cities, with nearly 18,000 members and over 5,200 fishing vessels of more than 15m in length. In recent years, the VFTU has been proactive in popularizing legal documents on seas and islands and calling on its members and boat owners to combat IUU fishing. It has coordinated with relevant agencies in providing national flags, first aid kits and life vests to fishermen. The trade union has timely issued statements rejecting the unilateral fishing ban in the East Sea (South China Sea) by foreign countries, as well as protesting acts that hinder, drive away, attack … [Read more...] about Vietnam Fisheries Trade Union raises fishermen’s awareness on combatting IUU fishing

Business practices are not sustainable if they do not take account of their impact on children, said a UNICEF Vietnam representative at a child rights and business forum held on Tuesday in Hanoi. The forum, co-held by UNICEF Vietnam and the Vietnam Chamber of Commerce and Industry (VCCI), underlined the need for responsible business practices that respect child rights and prevent adverse human rights impacts. Speaking at the event, Rana Flowers, representative of UNICEF in Vietnam, said that children, whom she described as the present and the future, should be a key consideration in Environmental, Social, and Governance (ESG) assessments. Businesses should assess impacts and risks objectively, and identify key practices that can minimize those risks and create a positive impact on children. In doing so, businesses will be able to enhance their competitiveness and sustainability and win the support of stakeholders, especially investors, who are socially conscious and looking at … [Read more...] about Children should be key consideration in ESG assessments: UNICEF Vietnam expert

At a reception in Hanoi for Samdech Kittisangahapundit Men Sam An, who is Deputy Prime Minister, Minister of the National Assembly - Senate Relations and Inspection of Cambodia and Chairwoman of the Cambodia - Vietnam Friendship Association, PM Pham Minh Chinh congratulated the guest on being bestowed with the royal title of Samdech Kittisangahapundit by King Norodom Sihamoni. He said this recognition from the King and the Cambodian Royal Family reflects their appreciation for her contribution to the development and protection of Cambodia over the past years. He believed that under the close guidance of PM Hun Sen, the 12th ASEAN Para Games, scheduled for June, will be a success, contributing to improving the role and position of Cambodia in the region and the world as well as to building an ASEAN community of peace, stability, solidarity, and prosperity. He expressed his wish that the two countries will step up their bilateral ties, especially in trade, investment, tourism, human … [Read more...] about Vietnam gives top priority to ties with Cambodia: Prime Minister

Factors potentially triggering the turmoil include monetary tightening, weak economic conditions, mismanagement, loss of confidence, maturity and currency mismatches, as well as instances of outright fraud and criminal activities. Most banks are resilient and avoid such difficulties -- but not all. Consequently, financial authorities must maintain preparedness to intervene whenever necessary, all while avoiding unintended consequences that could potentially sow the seeds of future banking crises. Global banking stress The current banking turmoil is largely due to the cycle of monetary tightening. Since early 2022, central banks have been quick to increase interest rates to bring inflation under control. In the United States, the effective Fed Funds rate increased by 500 basis points in just 14 months, a speed never observed since 1988. The European Central Bank has raised its policy rates by 400 basis points since mid-2022 and indicated that more rate hikes are forthcoming. … [Read more...] about Preparedness crucial in safeguarding banking sector

Like a rising number of her highly educated peers, Liang keeps trading down to try and find a source of income in China's worst youth job market on record. "Finding a job has been really difficult," said the 25-year-old, who lives with her parents in the northern industrial city of Taiyuan. "I told my family that I'm willing to take up manual labor and my mum straight-up cried. She felt so sorry for me." Economists expect such examples to become increasingly common in coming years, as a glut of university graduates and a shortage of factory labor due to an aging workforce deepen China's job market imbalances. Youth unemployment hit a record 20.4% in April, and a new high of 11.58 million university students are due to graduate this summer. All are competing for jobs in what remains one of the world's fastest-growing major economies, but whose manufacturing-heavy structure is increasingly out of step with the aspirations of its younger generations. The industries most … [Read more...] about Chinese graduates lower their ambitions in moribund jobs market

Earlier, the Prime Minister had signed Decision No.485/QD-TTg regarding the retirement of Lieutenant General Vu Van Kha, the former Acting Commander of the ADAF Service. In Decision No.529/QD-TTg, the Prime Minister appointed Lieutenant General Nguyen Van Hien, Deputy Commander and Chief of Staff of the ADAF Service, as the new Commander of the ADAF Service. Speaking at the conference, General Phan Van Giang affirmed that over his more than 40 years of service in the military, in various positions ranging from fighter pilot to Deputy Secretary of the Party Committee and Commander of the ADAF Service, Lieutenant General Vu Van Kha has made significant contribution to the national construction and defense cause. Alongside the Party Committee and the Command of the ADAF Service, he actively overcame difficulties, showed flexibility and creativity in leadership, direction, and the construction of the revolutionary, regular, elite, and modern ADAF Service to meet the task requirements of … [Read more...] about Duty handover ceremony held for former and new ADAF Commander

Hanoi (VNA) - The following is a list of selected news summaries last night by the Vietnam News Agency. - The 15th National Assembly's fifth session continued its ninth working day in Hanoi on May 31, under the chair of NA Chairman Vuong Dinh Hue. Moderated by NA Vice Chairman Nguyen Duc Hai, the NA convened a plenary session to discuss the supplementary assessment of the implementation of the socio-economic development plan and State budget for 2022, as well as the performance in the early months of 2023. Read full story - Deputy Prime Minister Tran Hong Ha welcomed Dutch firms and partners to join in the pilot scheme for rooftop solar installation in Vietnam during a reception in Hanoi on May 31 for Dutch Ambassador to Vietnam Kees van Baar. Deputy PM Ha said Vietnam and the Netherlands are strategic partners in climate change adaptation, water management, sustainable agriculture and food security. Read full story VUFO President Ambassador Nguyen Phuong Nga receives … [Read more...] about ☀️ Morning digest June 1