Vietnams state budget

Government bond is an important source of revenue for the state budget and supports the development of the capital market. The Vietnam State Treasury (VST) is expected  to raise VND400 trillion (US$17 billion) by issuing Government bonds via auctions at the Hanoi Stock Exchange (HNX) in 2023. Government bonds remain a key source for the state budget. Photo: Viet Dung Under the plan, the agency is set to issue bonds worth VND108 trillion ($4.6 billion) in the first quarter of this year. This would include bonds with five to seven-year maturity of VND8 trillion (US$341.5 million), 10-year maturity of VND45 trillion (US$1.9 billion), 15-year maturity of VND45 trillion (US$1.9 billion), 20-year maturity of VND5 trillion (US$213.2 million) and 30-year maturity of VND5 trillion (US$213.2 million). VST noted adjustments may be made to stay in line with the actual situation of the market and Gov’t expenditure needs, especially the disbursement progress of public … [Read more...] about Vietnam State Treasury to raise US$17 billion through Gov’t bonds in 2023

Foreign Minister Bui Thanh Son (R) and Minister of Foreign Affairs and Cooperation of Timor Leste Adaljiza Albertina Xavier Reis Magno at the meeting (Photo: VNA) Jakarta (VNA) - Vietnam will work with other ASEAN member states to discuss, agree on processes, procedures and necessary measures to support Timor Leste to become an official member of the group soon, Foreign Minister Bui Thanh Son said. FM Son made the statement during a a meeting with Minister of Foreign Affairs and Cooperation of Timor Leste Adaljiza Albertina Xavier Reis Magno on February 4 on the sideslines of the ASEAN Foreign Ministers' Retreat (AMM Retreat) in Jakarta, Indonesia. The two sides agreed to promote exchange of delegations at all levels, soon hold the first meeting of the Joint Commission for Bilateral Cooperation at the ministerial level as agreed in the Framework Agreement on Technical and Economic Cooperation in April 2010,  implement signed agreements, and accelerate negotiations and … [Read more...] about Vietnam to help Timor Leste soon become official member of ASEAN: FM

Vietnam remained the third largest seafood supplier to the Republic of Korea (RoK) last year with the country’s seafood market share as part of the RoK’s total imports reaching 10.2%, according to statistics released by the Korea Customs Service. Last year witnessed Vietnam spend US$6.47 billion on importing 1,595 million tonnes of seafood from 109 markets, duly representing a rise of 3.9% in volume and 12.7% in value compared to 2021’s figures. Vietnam remained the third largest seafood supplier to the Republic of Korea last year The RoK mainly increased seafood imports from Russia and Vietnam, while reducing seafood imports from markets such as Norway, the United States, and Peru. Vietnam was the third largest seafood supplier to RoK last year with 161,900 tonnes worth US$915.8 million, up 3.6% in volume and 15.3% in value compared to 2021. In the first half of the year, the RoK’s seafood imports are anticipated to continue slowing following the trend in the … [Read more...] about Vietnam remains third largest seafood supplier to RoK

Vietnam's UN peacekeeping forces (Photo: VNA) Hanoi (VNA) – Deputy Minister of Foreign Affairs Do Hung Viet has highlighted the role of multilateral diplomacy in realising the dream of building Vietnam into a modern industrial country by 2045 in his recent article published on the occasion of the Lunar New Year (Tet). Diplomatic highlights in 2022 Prime Minister Pham Minh Chinh attends the ASEAN-US Special Summit. (Photo: VNA) Over the past year, Party, State, and NA leaders have participated in many leading multilateral initiatives, thereby strongly conveying a message of a peace-loving, justice-loving, and innovative Vietnam that is willing to be a friend and a reliable, responsible partner of the international community, Viet said. multilateral diplomacy Deputy Minister of Foreign Affairs Do Hung Viet (Photo: VNA) According to Viet, the year 2023 is of significance as it marks the further implementation of the Resolution adopted at the 13th … [Read more...] about Multilateral diplomacy hoped to help Vietnam become modern industrial country by 2045

A reader of Tuoi Tre (Youth) newspaper recalled seeing a group of ward police officers set up a checkpoint in front of their headquarters in Hanoi and book commuters for their traffic violations. There were no traffic police at the time, and traffic violators were requested to pull over and enter the police headquarters, the reader stated, asking whether or not ward police are authorized to deal with traffic offenses. Under Article 11 of Circular No. 12/2010, ward- and commune-level police are responsible for coordinating with the traffic police force in performing the task of ensuring traffic order and safety in their locale. This must comply with the provisions of the law and the guidance of higher-level police units. Article 3 of Decree No. 27/2010 stipulates ward and commune police are only mobilized to coordinate with traffic police in necessary cases, and the mobilization must be decided in writing by a designated person. The necessary cases include the period when … [Read more...] about Can ward police fine traffic violators in Vietnam?

The nation will work alongside other ASEAN member states to discuss, agree upon processes , procedures, and necessary measures aimed at supporting Timor Leste to become an official member of the bloc, Foreign Minister Bui Thanh Son said. Minister Son made the statement during a meeting with Minister of Foreign Affairs and Cooperation of Timor Leste Adaljiza Albertina Xavier Reis Magno on February 4 on the sidelines of the ASEAN Foreign Ministers' Retreat (AMM Retreat) in Jakarta, Indonesia. Foreign Minister Bui Thanh Son (R) and Minister of Foreign Affairs and Cooperation of Timor Leste Adaljiza Albertina Xavier Reis Magno at the meeting Foreign Minister Bui Thanh Son (R) and Minister of Foreign Affairs and Cooperation of Timor Leste Adaljiza Albertina Xavier Reis Magno at the meeting Both sides consented to intensify the exchange of delegations at all levels, hold the first meeting of the Joint Commission for Bilateral Cooperation at the ministerial level in … [Read more...] about Vietnam ready to help Timor Leste become ASEAN official member

During the talks, Deputy Prime Minister and Foreign Minister Pham Binh Minh lauded Vietnam visit of Marise Payne following her reappointment as Minister for Foreign Affairs cum Minister for Women of Australia, saying that it proves the Australian government’s appreciation for Vietnam and substantial ties between the two nations. Deputy PM Minh thanked the Pacific country for maintaining the supply of development assistance to Vietnam, saying that it has been used effectively, contributing to Vietnam’s socio-economic development. For her part, Ms. Payne affirmed that Australia considers Vietnam one of its key partners in Southeast Asia and wants to further promote the bilateral relations and cooperation in both bilateral and multilateral frameworks. The two sides agreed to facilitate high-level visits in the coming time, effectively uphold 19 bilateral cooperation mechanisms, especially annual meetings between the two defense and foreign ministers, and hold the first … [Read more...] about Australia considers Vietnam a key partner in the region: Australian Foreign Minister

The event was a turning point for the country, ending a crisis in orientations for national salvation and leadership of the patriotic movement of Vietnam in the early 20th century. The moment also became the starting point for the victory of Vietnamese revolution and the growth of the nation in the following periods. With sound policies, the CPV strongly inspired and revived aspirations for national liberation among the Vietnamese people. Only 15 years following the Party revolutionary path, Vietnam had made a great miracle – the success of the August Revolution in 1945, smashing the colonial-feudal rule, establishing the Democratic Republic of Vietnam, and bringing the nation into the era of independence and freedom. On September 2, 1945, at Ba Dinh Square in Hanoi, President Ho Chi Minh read the Declaration of Independence, giving birth to the Democratic Republic of Vietnam. A new era opened for the nation, the most glorious era in the national history – the Ho Chi Minh era. … [Read more...] about Communist Party of Vietnam – leader, companion of nation

The 2019 ASEAN Tourism Forum Travel Exchange (Travex), which will be held in Quang Ninh province on January 16 - 18, 2019. The Vietnam National Administration of Tourism has called for local travel agents’ registration for Travex 2019. Accordingly, the travel exchange will feature 450 pavilions of ASEAN nations, including 100 booths of host Vietnam. Ha Long Bay, Quang Ninh province. Travex is among the most long-standing annual travel fairs in ASEAN as part of the ASEAN Tourism Forum (ATF). Quang Ninh province will host the ATF 2019 from January 14-19 next year under the theme “ASEAN: The Power of One”. It provides a platform for tourism firms of Vietnam and ASEAN to meet and strengthen cooperation with more than 400 international buyers and reporters from major tourism markets such as the US, Europe and Northeast Asia, among others. The ATF is a cooperative regional effort to promote the Association of the Southeast Asian Nations (ASEAN) region as one tourist … [Read more...] about Vietnam ready for ASEAN Tourism Forum Travel Exchange

In an interview with the Vietnam News Agency on the occasion of the CPV’s 93rd founding anniversary (February 3, 1930 - 2023), the official stated the establishment was a remarkable event and a turning point in Vietnam’s revolutionary history. Speaking highly of the successes that the Party and people of Vietnam have achieved over the past time, he considered such achievements an invaluable lesson and strong motivation for Laos in its cause of national protection and development. He expressed his belief in further achievements gained by Vietnamese people under the CPV’s leadership toward turning Vietnam into a nation of modern industrialization, prosperity, equality, democracy and civilization. He said he was delighted to see the comprehensive growth of the great Vietnam - Laos friendship and special solidarity, which were cultivated by the first generations of leaders, and then fortified through their revolutionaries and the challenges they faced over the decades. Regarding … [Read more...] about Vietnam – Laos companionship bears imprint of Vietnamese Communist Party