The Hanoitimes - Senior government officials said that electricity and gasoline are items leaving impacts on the economy and catching public attention. PM orders checking of power price hike following social outcry Vietnamese media has questioned the Ministry of Industry and Trade (MOIT) about labeling “secret” the plans for raising electricity and gasoline prices. Government April meeting with the chairmanship of Chairman Mai Tien Dung. Photo: VGP VnExpress asked the MOIT at the government’s regular meeting last weekend why it tagged the adjustment of power and gasoline prices as “state secret” and basing on what ground. In response, Deputy Minister of MOIT Do Thang Hai said that the ministry keeps the plans unrevealed before the official announcement with an aim to avoid any unexpected impacts on the society due to the crucial role of electricity and petroleum in the economy. Hai attributed the Law on Protecting State … [Read more...] about Why does Vietnam label plans on energy price hike “secret”?
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The Hanoitimes - One of the reasons making Vietnam a key partner of the US is its well-equipped army with the import of advanced weapons over the past years. Washington looks to send second aircraft carrier to Vietnam this year How Vietnam, US heal wounds of war to build up comprehensive partnership? Vietnam, US look to advance maritime security ties Vietnam, US share views on regional peace maintenance Vietnam, US discuss settlement of disputes in East Sea US Assistant Defense Secretary for Indo-Pacific Security Affairs Randall G. Schriver once affirmed that Vietnam has appeared to be a valued partner for Washington in the Indo-Pacific region. Vietnamese Defense Minister Ngo Xuan Lich and US Defense Secretary James Mattis on the sidelines of Shangri-La Dialogue 2018 in Singapore in June 2018. Photo: AP The senior official discussed the US-Vietnam strategic cooperation during a panel at the Center for Strategic and International Studies (CSIS) in … [Read more...] about Why does the US consider Vietnam an important Indo-Pacific partner?
An HDBank transaction office in HCM City. The bank offers deposit interest commensurate with age. — Photo Courtesy of HDBank HDBank continues to offer extra interest of up to 0.4 per cent on deposits under its “Bach nien-Phat tai” (Longevity-Prosperity) programme. The programme, first launched last year, became highly popular with customers that the bank has extended it this year. Under it, the higher a depositor’s age, the higher the interest rate they get. “Longevity-Prosperity” programme is applicable to customers who make an ordinary deposit in đồng from now until June 30 and receive interest at the beginning, middle or end of the deposit terms. Those who meet these conditions will get additional interest of 0.1-0.4 per cent per year up to a cap of 7.8 per cent. To be eligible, customers need to have a current account at HDBank with a minimum balance of VND500,000 for at least 30 days, but this regulation does not apply to customers … [Read more...] about HDBank offers deposit interest commensurate with age
Viet Nam News Trần Ngọc Hùng, chairman of the Việt Nam Construction Association, speaks to Việt Nam News Agency about key reasons for the delays in the renovation of old living quarters in Hà Nội. How do you evaluate the national programme to renovate old living quarters? The national programme to renovate old living quarters was launched more than 10 years ago, but its implementation has been very slow. As a consequence, its results have been limited. According to the latest report, some 25 percent of the old living quarters have been described as “very dangerous.” They could collapse at any time and the lives of people living in these building are at risk. What are the main factors preventing the programme from following its approved plan? The Government’s policy is totally right, yet specific guidelines and solutions to implement the policy have not been translated into real life. I should say the implementation of the … [Read more...] about Why does renovation of old living quarters proceed so slowly?
Trade Minister of Canada Jim Carr (Source: Reuters/Chris Wattie) Hanoi (VNA) - Canada wants free trade with the Association of Southeast Asian Nations (ASEAN), said the country’s Trade Minister Jim Carr on August 27 on the eve of his trip to Thailand and Singapore. Expanding to the Southeast Asia region will help Canadian businesses access one of the world's fastest-growing markets, he said in a statement. A deal with ASEAN, which includes Thailand, Malaysia, Singapore, Indonesia, the Philippines, Brunei, Cambodia, Laos, Myanmar and Vietnam, would give Canada access to 650 million consumers. The minister’s comments followed a breakthrough in US-Mexico talks to revamp the North American Free Trade Agreement (NAFTA). The development has led to Canadian Foreign Minister Chrystia Freeland cutting short a European trip to rejoin trilateral NAFTA negotiations in Washington DC. Carr’s August 28-30 trip aims to promote bilateral trade and investment with Thailand and … [Read more...] about Canada eyes free trade with ASEAN