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Deputy Prime Minister Le Van Thanh addresses the 15th NA's third session on May 23. (Photo: VNA) Hanoi (VNA) – The targets set for 2022, including the growth target of 6-6.5 percent, remain a huge challenge given the domestic and international situation, Deputy Prime Minister Le Van Thanh said at the third session of the 15th National Assembly in Hanoi on May 23. The Deputy PM reported that the macro economy has been maintained, major economic balances ensured, and inflation brought under control, with the consumer price index ( CPI ) in the first four months of this year up 2.1 percent. The monetary market and interest rates have also remained stable, he said, adding that the credit balance by the end of April has increased by 7.18 percent compared to late 2021. In the four-month period, State budget revenue hit 657.4 trillion VND (28.37 billion USD), equivalent to 46.6 percent of the estimate and up 15.4 percent year-on-year. Export turnover reached 122.4 … [Read more...] about Growth target of 6.5 percent remains big challenge: Deputy PM

Deputy Prime Minister Lê Minh Khái delivers his opening remarks at the “Averting a Global Food Crisis” session of the World Economic Forum annual meeting in Davos-Klosters, Switzerland on Monday. VNA/VNS Photo DAVOS-KLOSTERS - Deputy Prime Minister Lê Minh Khái on Monday proposed the establishment of a food innovation hub for Southeast Asia in Việt Nam as he addressed a session of the World Economic Forum annual meeting. Khái was speaking at the “Averting a Global Food Crisis” meeting, a panel discussion with World Food Programme Executive Director David Beasley, UAE Climate and Environment Minister Mariam Mohammed Saeed Al Mheiri, Tanzania’s Vice President Philip Isdor Mpango, and CEO of the Swiss agriculture company Syngenta, J Erik Fyrwald. Delivering the opening remarks, the Vietnamese Deputy PM addressed current food shortages and their severity in a number of countries. “As you know we are going through a crisis on top of a crisis,” he said. “The double impact of the … [Read more...] about Deputy PM offers WEF solution to avert global food crisis

Ambassador Lê Thị Tuyết Mai. Photo vtv.vn Deputy Prime Minister Lê Minh Khái is attending the 52nd World Economic Forum (WEF) annual meeting from May 23-24 in Davos, Switzerland. Ambassador Lê Thi Tuyết Mai, Head of the Permanent Delegation of Việt Nam to the United Nations, World Trade Organization (WTO) and other international organisations in Geneva, talks to VTV News on relations between Việt Nam and WEF, as well as issues surrounding the content of this year's forum. The World Economic Forum Annual Meeting 2022 (WEF Davos Conference 2022) has the theme "History at a turning point: Government Polic ies and Business Strateg ies". This will be the first live event promoting public-private cooperation between leaders of countries, international organi sations and global corporations since the COVID-19 pandemic. Could you please tell us more about the issues that will be discussed at the Conference, as well as the purpose, meaning and comments on this year's topic? The … [Read more...] about Việt Nam commits to working with global community in tackling global issues

The 90-minute closing ceremony of the 31st Southeast Asian Games ís a warm farewell from the host country to regional friends. SEA Games 31 officially came to a close at the My Dinh Indoor Athletics Arena in Nam Tu Liem District, Hanoi on May 23. Participants in the ceremony are Vietnam's Prime Minister Pham Minh Chinh, Deputy Prime Minister Vu Duc Dam, Minister of Culture, Sports and Tourism Nguyen Van Hung, Hanoi Mayor Chu Ngoc Anh and the Deputy Prime Minister of Cambodia, H.E Samdech Pichey Sena Tea Banh, among others. While the opening ceremony featured mass performances and spectacular visual effects, the closing is a more cozy and friendly kind of event, with the motto “Coming together to shine”. Vietnamese singers perform a medley of songs about Hanoi with the performances of 100 dancers, kicking off the closing ceremony of the 31st SEA Games. On the stage is a parade of cyclos while in the background are the … [Read more...] about SEA Games 31 closing ceremony: the warmest and dearest farewell from Vietnam

Vietnam ranked 51th out of 165 countries and territories in terms of progress toward the UN’s sustainable development goals (SDGs), 30 places higher compared to five years ago. Vietnam remains committed to contributing to peace, stability, and inclusive growth for development and prosperity in the region and the world. Deputy Prime Minister Vu Duc Dam at the event. Source: VNA Deputy Prime Minister Vu Duc Dam gave the remarks at the 78 th session of the UN’s Economic and Social Commission for Asia and the Pacific (ESCAP), currently underway in Bangkok, Thailand from May 22-23. The event, themed “A common agenda to advance sustainable development in Asia and the Pacific”, drew the participation of high-ranking officials from 51 member countries of ESCAP. In his speech, Dam stressed the significance of this session, which coincided with the 75 th anniversary of ESCAP’s establishment, as well as the body’s contribution to socio-economic development in the … [Read more...] about Vietnam remains committed to inclusive growth for world’s prosperity

“The NA will consider and decide many important issues with significant impacts on the national socioeconomic development,” stated NA Chairman Vuong Dinh Hue at the opening ceremony. The National Assembly will discuss and adopt many laws and issues during its third session The session will debate and adopt five draft laws and three draft resolutions, and look into six other laws. The draft laws to be passed include the Law on Mobile Police, the revised Law on Cinematography, the Law on Insurance Business (amended), the Law on Emulation and Reward (amended), and the law amending articles of the Law on Intellectual Property. The draft laws to be advanced for discussions include the Oil and Gas Law (amended), the Law on Domestic Prevention and Control (amended), the Law on Inspection (amended), the Law on the Implementation of Democracy at Grassroots Levels, the law amending and supplementing articles of the Law on Radio Frequencies, and the Law on Medical Examination … [Read more...] about National Assembly to debate issues crucial to socioeconomic development

Hanoi, (VNA) – The following is a brief review of the day’s events as reported by the Vietnam News Agency on May 23. -The 15th-tenure National Assembly (NA) convened the third session in Hanoi on May 23. The opening session is broadcast live on Radio the Voice of Vietnam (VOV1), the Vietnam Television (VTV), and the NA's TV channel. Read full story - In order to ensure the highest efficiency of the 15th National Assembly (NA)'s third session, NA agencies and deputies had made careful preparations on discussion contents, aiming for the highest outcomes with shortest sitting time, said NA Chairman Vuong Dinh Hue while opening the session on May 23. The top legislator said that over the past nearly one year, NA deputies have adhered to their action plans and kept their promises to voters and people, while listening to their ideas and requests and working to enhance their capacity and operational efficiency across all fields. Read full story -Deputy Prime Minister Le Minh … [Read more...] about ☕ Afternoon briefing on May 23

The Government is committed to taking timely measures to ensure macroeconomic stability. The high inflationary pressure amid the recovery of domestic demand is putting Vietnam’s GDP growth target of 6-6.5% for this year at risk. Overview of the session. Source: quochoi.vn Deputy Prime Minister Le Van Thanh gave the remarks at the third session of the 15 th National Assembly held today [May 23]. According to Thanh, the Vietnamese economy has been on a positive recovery track in the first months of 2022 under the new normal. Total budget revenue for the first four months grew by 15.4% year-on-year to VND657.4 trillion ($28.4 billion), while the consumer price index (CPI) expanded by 2.64%, the lowest four-month period growth in the past five years. As of mid-May, credit growth stood at 7.2% against late 2021 and up 17% year-on-year, which showcases the recovery of economic activities, along with greater efforts from the Government to restore discipline … [Read more...] about High inflationary pressure put GDP 6.5% growth target at risk: Gov’t

The third session of the NA opened on May 23 (Photo: VNA) Hanoi (VNA) – In order to ensure the highest efficiency of the 15th National Assembly (NA)'s third session, NA agencies and deputies had made careful preparations on discussion contents, aiming for the highest outcomes with shortest sitting time, said NA Chairman Vuong Dinh Hue while opening the session on May 23. He said that the session is taking place following the success of the fifth session of the NA Standing Committee , focusing on many important issues in the socio-economic development, the building of the Party and political system to meet the demands of the country’s reform period. Over the past one year, the NA has worked hard to improve its operational efficiency, while approving three laws and 45 resolutions which included many unprecedented regulations to ease difficulties facing people and businesses and promote socio-economic development in both short and long terms, the official said. He … [Read more...] about Efforts made to ensure highest efficiency of NA’s third session: Top legislator

In his speech at the event, which took place in both face-to-face and virtual forms in Bangkok, Thailand, on May 21-22, the deputy minister affirmed that Vietnam is ready to coordinate with WTO members to promote and approve key contents at the WTO’s 12 ministerial conference slated for June this year. Regarding measures in APEC to reconnect the region after the COVID-19 pandemic, the Vietnamese official spoke highly of initiatives and efforts to remove barriers, contributing to the resumption of safe and seamless travel, and economic recovery. Vietnam supports the promotion of regional cooperation towards facilitating mutual recognition of vaccine passports, Khanh said, stressing that Vietnam will continue to closely coordinate with APEC member economies to develop and implement viable initiatives. As an open economy that signed and implemented 15 free trade agreements (FTAs) with more than 60 partners, Vietnam has been working with APEC member economies to promote regional … [Read more...] about Vietnam backs rules-based multilateral trading system: official