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A draft presidential statement proposed by Vietnam is the expected outcome of the meeting. A high-level open debate of the United Nations Security Council held under Vietnam’s presidency is drawing public attention for stressing the importance of confidence-building and dialogue in preventing conflict. Vietnam’s President Nguyen Xuan Phuc. Photo: VNA Participants will discuss the issue at the videoconference “Enhancing Cooperation between the United Nations and Regional and Subregional Organizations in Enhancing Confidence-building and Dialogue in Conflict Prevention and Resolution” on April 19 under the chair of Vietnam’s State President Nguyen Xuan Phuc. In a concept note circulated ahead of the debate, Viet Nam has outlined key objectives of the meeting that are intended to promote conflict prevention and resolution, including underscoring the importance of continuously strengthening cooperation between the UN (particularly the Security Council) and regional and sub-regional organizations; highlighting the need to enhance confidence-building measures and dialogue; sharing experiences and illuminating recent best practices with regard to the relationship between the UN and regional and subregional organizations, as well as among regional organizations. At the debate, non-Security Council member states will not be able to speak during the virtual meeting, due to working methods adopted by the Council during the Covid-19 pandemic. However, they will be able to submit written statements to the Security Council Affairs Division that will be incorporated in a compilation document. At the meeting, Council members are likely to underscore the need for the UN and regional and sub-regional organizations to enhance their cooperation and develop synergies on early warning, preventive diplomacy and mediation activities. Years-long efforts There is clear support in the Council for the efforts of regional and sub-regional organizations in …

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A military officer receives a COVID-19 vaccine shot in Vĩnh Yên City, the northern province of Vĩnh Phúc. — VNA/VNS Photo Hoàng Hùng HÀ NỘI — The Vietnamese health ministry has announced the decision to divert 110,000 doses of COVID-19 vaccines, originally meant for police and army personnel, to local centres for disease control (CDCs) instead. These are among the 811,200 doses of AstraZeneca vaccines that Việt Nam received via COVAX Facility, the global COVID-19 vaccine sharing scheme, on April 1, adding to the 111,000 doses bought from the company that had been used in the first-phase of the inoculation drive. Two weeks ago, the distribution plan in the second-phase of inoculation using COVAX doses was announced, but it has been revised. Regarding the total 80,000 vaccine doses previously destined for the army, the army would now get 35,000 doses. 34,500 doses will go to 44 local CDCs – 15,400 for the northern region, 8,200 for the central region, 3,450 for the Central Highlands region, and 7,250 for the southern region. 10,650 doses will be supplemented to five southern provinces and cities in the southwestern border – An Giang (2,200), Tây Ninh (2,250), Kiên Giang (2,200), Đồng Tháp (2,000) and Long An (2,000) – likely to protect frontline and essential workers and high-risks groups against the serious spike in coronavirus infections in neighbouring countries including Thailand and Cambodia. The 30,000 doses previously intended for the police forces will instead go to 62 local CDCs (except for Hải Dương Province in the north, the epicentre of the country’s third wave of infections lasting from late January until late March, which received 43,000 doses). Provincial and municipal CDCs will report to their respective health department and coordinate with the provincial and municipal public security agencies to decide the number of public security personnel that would receive the jabs. With this addition, Hà Nội and HCM City, the two biggest urban …

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PM orders control over capital poured into property sector The Saigon Times Prime Minister Pham Minh Chinh speaks at a meeting with the State Bank of Vietnam - PHOTO: VGP HCMC – Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam (SBV) to closely control the capital injected into the real estate sector to prevent property speculation and ensure that property projects meet the demands of residents. At a meeting with the central bank, the Government leader said SBV must control loans so that they are used for proper purposes, focusing on production. Besides urgent solutions, SBV should work out long-term solutions to develop the local financial market, the local media reported. The currency and capital market must be balanced to reduce pressure on credit institutions and meet the medium- and long-term capital mobilization demands of the economy, Chinh added. According to statistics from SBV, as of mid-March, outstanding loans for the real estate sector grew 2.13%, higher than the overall credit growth of 2.94%. Amid the huge capital poured into the real estate and securities sectors, SBV Governor Nguyen Thi Hong said the central bank had employed some control solutions, such as reducing the short-term capital for medium- and long-term loans and raising the risk coefficient. Hong added that the growth of credit in the real estate sector has slowed down and the outstanding loans for securities have made up a small proportion of the total outstanding loan. In addition, banks’ investment in corporate bonds has also been small. Hong also pinpointed some new challenges facing the banking sector. For example, the outstanding loan to the country’s gross domestic product has exceeded 140%, one of the highest in the world. If the ratio continues rising, the banking sector will find it hard to balance capital. In addition, bad debts tend to increase due to the impact of Covid-19. SBV also faced difficulties in dealing with banks …

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