Problems concerning electricity prices were the focus during the current session of the National Assembly, as members of the NA Standing Committee agreed that the Government should determine the average power tariff during discussions of Draft Amendments to Electricity Law. As per the report submitted to the NA Standing Committee by the Industry and Trade Minister Vu Huy Hoang, the low average power tariff in recent years (currently VND1,300 per kilowatt-hour) had led to losses and discouraged other economic sectors from investing in the electricity sector. Moreover, the current electricity price has not taken into account the constant changes in the market and other factors such as exchange rates or hydrographic conditions, Minister Hoang argued. Thus he proposed that the draft amendment should stipulate many components to establish power prices, including transmission, distributing, wholesale, service prices and power regulating fees. However, some deputies did not agree with the … [Read more...] about NA Standing Committee discusses power tariff
Standing committees
Vietnam soccer chief nominated for AFC standing committee
VietNamNet Bridge - General Secretary of the Vietnam Football Federation Tran Quoc Tuan was nominated to represent Southeast Asia at the Asian Football Federation (AFC) Standing Committee for the 2011-15 period on October 10. Tuan, 39, was nominated to take over the post -- the highest-ever a Vietnamese official has ever held at the AFC -- during the ASEAN Football Federation (AFF) Congress held in Malaysia on October 9-10. A nomination by a member association must be ratified by the AFC Executive Committee. … [Read more...] about Vietnam soccer chief nominated for AFC standing committee
14th NA Standing Committee concludes 19th session
NDO – The 19th session of the 14th National Assembly Standing Committee (NASC) officially wrapped up in Hanoi on December 14, completing its entire agenda following three days of working. In her closing speech, NA Chairwoman Nguyen Thi Kim Ngan stated that the NASC reviewed the outcomes of the fourth sitting of the 14th NA and gave their initial comments on the preparations for the next meeting.She asked the Secretary General of the NA to research and acquire the ideas raised at the session in order to finalise an assessment report on the outcomes of the NA’s fourth sitting before sending it to NA deputies and relevant bodies, whilst continuing to prepare the projected working agenda for the fifth meeting and submitting it to the NASC at its future sessions.The NA Secretary General was also urged to accelerate the communication work concerning the operations of the NA and its bodies, aiming to ensure the comprehensive and harmonious dissemination of the NA’s … [Read more...] about 14th NA Standing Committee concludes 19th session
NA Standing Committee’s 19th meeting concludes
Addressing the closing ceremony, NA Chairwoman Nguyen Thi Kim Ngan said that during the meeting, the committee reviewed outcomes of the NA fourth session and discussed preparation for the NA’s next sitting.The Committee also assessed the results of external activities in 2017 and approved a plan for 2018, while giving ideas on foreign relations and international cooperation programmes of some NA agencies.The committee’s members adopted a resolution approving the appointment of ambassadors to various countries in the 2017-2020 period, and the Vietnamese ambassador at the United Nations.A resolution was issued on the formation of Ninh Cuong town in Truc Ninh district of northern Nam Dinh province, and another on adjustment of Government bond capital plans in the 2012-2015 period and 2014-2016 period.The committee also approved amendments to a plan for housing support in 2016-2020 to those who rendered services for the country’s revolution.A report on monitoring the … [Read more...] about NA Standing Committee’s 19th meeting concludes
NA Standing Committee approves spending on rice for national reserve
The purchase will be made to compensate for the rice the Government has taken from the national reserve to distribute to natural disasters victims, help the poor on the lunar New Year occasion and between-harvest, and to provide for international aid. The approval followed a Government report delivered by Finance Minister Dinh Tien Dung at the NA Standing Committee’s 19th meeting.The report said that from April 1, 2016 to June 30, 2017, the Prime Minister had assigned the ministry to take 58,885 tonnes of rice worth about VND553 billion (US$24.2 million) from the national reserve for the above-said purposes.To date the ministry has completed the distribution of this amount of rice.Therefore, the Government asked for the NA Standing Committee’s approval of extracting VND553 billion from the State budget 2017 to make up for the used amount of rice. … [Read more...] about NA Standing Committee approves spending on rice for national reserve