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Security honeywell

/ April 14, 2021

UN Security Council discusses Kosovo mission’s operation

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 …

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/ April 14, 2021

Good control of pandemic will accelerate credit growth: experts

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 …

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/ April 13, 2021

Naval Region 5 boosts joint patrols for peace, stability in southwestern waters

The command is entrusted with managing and defending the southwestern waters from Ganh Hao estuary (in Bac Lieu province) to Ha Tien (Kien Giang province). Covering the area of 150,000 sq.km, these waters border the waters of Cambodia, Thailand, and Malaysia. It has a nearly 450 km of coastline, numerous estuaries, and 153 large and small islands, of which 46 are inhabited. Besides advantages in task performance, the command has also faced many challenges. In fact, in these designated waters, there remains 16,000 sq.km of overlapping waters between Vietnam and Cambodia, 650 sq.km of overlapping waters among Vietnam, Thailand, and Malaysia, and some 2,800 sq.km of overlapping waters between Vietnam and Malaysia. The sovereignty over these overlapping waters has not been clearly defined, so it is difficult to manage. Therefore, to maintain peace and stability in the waters, the Naval Region 5 Command has strengthened its ties with the naval forces of regional countries, including the Royal Cambodian Navy and the Royal Thai Navy. According to Lieutenant Commander Nguyen Trung Thong, Commissar of Flotilla 512 and Senior Lieutenant Pham Van Thuy, Captain of Ship 264 of Brigade 127, the command has conducted joint patrols with regional navies, considering each patrol an intensive training opportunity. During the patrols, participating troops practiced preventing acts of piracy, smuggling, drug trafficking, illegal immigration, and arms- and explosive-trafficking. They also exercised using hand flags and signal lamps in line with the international code of signals. So far, the Naval Region 5 Command has completed 62 joint patrols with the Royal Cambodia Navy and 42 others with the Royal Thai Navy. It has also maintained a hotline with Regions 1 and 2 of the Royal Thai Navy and naval bases under the Royal Cambodian Navy to exchange information and discuss measures to solve situations occurring in their countries’ adjacent waters. These activities have made important …

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