Imports-exports contribute $2.37 billion to State budget in Jan-Feb State budget collection from import-export activities reached 54.76 trillion VND (2.37 billion USD) in the first two months, or 17.38 percent of the estimate and a year-on-year rise of 7.53 percent, according to the General Department of Vietnam Customs. In February alone, the collection was 23.66 trillion VND. As Tet (Lunar New Year) holidays fell in the month, the customs department worked together with relevant agencies to combat smuggling and trade frauds while increasing inspections. The customs force detected 967 cases in total from January 16 to February 15, seizing goods of 258.67 billion VND and contributing 8.6 billion VND to the State budget. State budget collection was estimated at 220.5 trillion VND in total in the first two months of 2021, equivalent to 16.4 percent of the year’s estimate./. Risky to invest in forex trading plaforms: Deputy Governor Forex trading via investment platforms had not been licensed in Viet Nam, posing significant risks to investors, Deputy Governor of the State Bank of Viet Nam Dao Minh Tu warned. Tu said at the Government’s meeting on Tuesday in Ha Noi that the operation of forex trading platforms was currently illegal, adding that the trading of foreign currencies and derivatives must be provided by credit institutions and commercial banks licensed by the State Bank of Viet Nam. Until now, no forex trading platforms had been licensed for trading, he stressed, warning about risks when investing via these platforms. Recently, some organisations like Lion Group called for investments in forex through Fx Trading Markets with attractive interest rates of up to 300 per cent per year and commissions. Lion Group attracted around 40,000 investors nationwide. Tu urged people to be cautious with these appealing calls, adding that there were signs of in-transparencies and frauds. “The skyrocketing profits in the current situation …
South korea news
Vietnam calls for accelerating transition in South Sudan
UN peace-keeping forces in Leer, South Sudan (Photo: AFP/VNA) Hanoi (VNA) - Ambassador Dang Dinh Quy , Vietnam's Permanent Representative to the UN, on March 3 called on the government and relevant sides in South Sudan to accelerate the transitional process and take effective measures to handle violence among communities. Speaking at an online meeting of the United Nations Security Council (UNSC), the ambassador spoke highly of positive developments in South Sudan given difficulties caused by the COVID-19 pandemic, flood and food insecurity. He hailed the role of the UN Mission in South Sudan (UNMISS), neighbouring countries and regional organisations in promoting the peace process and development in South Sudan. Vietnam will make more contributions to UNMISS activities and promote women’s participation in the mission, while calling for optimal material facilities for women in the mission, he pledged. David Shearer, head of the UNMISS, said “Because of the collective efforts of so many…South Sudan is in a better state.” However, he stated that “it is inching forward – frustratingly slowly – with still so much to do”. At the UNSC meeting (Photo: VNA) Despite recently marking the one-year anniversary of the transitional government, progress is lagging – including in reconstituting a Transitional National Legislature, constitution-making, transitional justice, and economic reform, according to Shearer, he pointed out. Other UNSC member countries called on the transitional government and relevant sides in South Sudan to continue with efforts in realising the 2018 peace agreement, and building the Transitional National Legislature. Vietnam officially joined UN peace-keeping operations and sent representatives to the UNMISS in 2014. The country has deployed a level-2 field hospital No. 2 in Bentiu, South Sudan, and will launch another field hospital later this month./. VNA …
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Deadline set for Transport Ministry to complete two North-South expressway projects
The Government has ordered the Ministry of Transport to complete two component projects of the North - South expressway (Highway NH45 - Nghi Son and Nghi Son - Dien Chau sections) by 2023. The Government has issued a Resolution to implement Resolution No. 1213 of the National Assembly Standing Committee on the transformation of the investment form of these two projects. The resolution assigns the Ministry of Transport to approve the adjustment of the two component projects according to regulations. The Ministry is also assigned to review, determine and take responsibility for the accuracy and reasonableness of the adjusted investment capital of the two component projects. The Ministry of Planning and Investment was asked to coordinate with the Ministry of Finance to arrange capital for these projects. Chairmen of the provinces and cities where the two expressways pass through are responsible for site clearance. The Ministry of Transport has to urgently implement following procedures to meet the deadline for the completion of the two projects in 2023. On February 4, the National Assembly issued a resolution on changing the investment form of these two component projects to public investment. It is expected that the change of investment mode to public investment will promote disbursement of public investment capital, production, supply of construction materials for projects, and create jobs and income sources for workers. Domestic enterprises will directly implement projects expected to spur economic growth. Vu Diep …
