Legislative body to make major economic decisions, minister appointments

By Bach Quang
Thu, October 20, 2022 | 8:30 am GMT+7

The National Assembly's year-end meeting started Thursday, discussing major socio-economic issues and several draft laws.

The National Assembly's year-end meeting opens on October 20, 2022 in Hanoi. Photo courtesy of the legislative body.

The National Assembly's year-end meeting opens on October 20, 2022 in Hanoi. Photo courtesy of the legislative body.

Prime Minister Pham Minh Chinh will present reports on socio-economic results in 2022 and plans for 2023, followed by appraisal reports by the National Assembly (NA) Economic Committee’s Chairman Vu Hong Thanh.

In the afternoon, a representative of the government will report to the parliament on state budget issues in 2022 and plans for 2023; the draft amended Law on Anti-Money Laundering; the draft Resolution on piloting distinct mechanisms and policies for the development of Buon Ma Thuot town in Dak Lak province, Central Highlands.

The NA will hold a separate meeting at the end of the day to commence the process of removing Tran Sy Thanh from the State Auditor General position for the 2021-2026 term as he has assumed charge as the new mayor of Hanoi since July.

It will also approve the resignation of Transport Minister Nguyen Van The for the term 2021-2026 in line with his wish.

The process of dismissing as well as electing new personnel for the State Auditor General position and approving the appointment of ministers of transport and health will be completed on Friday.

Discussions on socio-economic issues will last two days from October 27-28.

Another highlight of the NA session is the question and answer part, which will take place within 2.5 days, from the November 3 afternoon to the end of November 5.

NA General Secretary Bui Van Cuong has proposed six groups of questions, including internal affairs, construction, information and communication, science and technology, inspection, and justice. National Assembly delegates will decide four groups of questions for government members to answer.

The legislative body is scheduled to pass seven draft laws, including an amended oil & gas law and one on money laundering, and three draft resolutions.

Other draft laws that legislators are set to discuss and pass cover domestic violence, inspections, grassroots democracy, radio frequency, and health checks and treatment.

It will also discuss seven draft laws on land, consumer protection, bidding, pricing, digital transaction, cooperatives, and civil defense.

Notably, the government has delayed the submission of the draft land law four times. Approval of a law normally takes three meetings, including two for discussion and one for a vote, Hoang Thanh Tung, head of the NA Legal Affairs Committee, said at the NA meeting in May.

The working session is scheduled to wrap up on November 15, after 21 working days.

Comments (0)
  • Read More
ABBank incurs $14 mln loss in Q3

ABBank incurs $14 mln loss in Q3

Hanoi-headquartered An Binh Commercial Joint Stock Bank reported a pre-tax loss of VND343.5 billion ($13.59 million) in the third quarter of this year, while some other private Vietnamese banks posted strong profits.

Banking - Thu, October 31, 2024 | 9:29 pm GMT+7

Vietnam’s emergence as regional manufacturing hub a significant logistics opportunity: SuperPort exec

Vietnam’s emergence as regional manufacturing hub a significant logistics opportunity: SuperPort exec

Southeast Asia’s rise as a vital logistics hub with Vietnam positioned as a key manufacturing center presents a significant business opportunity, says Yap Kwong Weng, CEO of Vietnam SuperPort.

Companies - Thu, October 31, 2024 | 9:01 pm GMT+7

Indonesia steps up support for textile industry

Indonesia steps up support for textile industry

Indonesia’s President Prabowo Subianto held a close-door meeting with several ministers on Tuesday to discuss the current situation of Indonesia's textile industry, particularly focusing on textile giant Sri Rejeki Isman (Sritex).

Southeast Asia - Thu, October 31, 2024 | 6:01 pm GMT+7

Thailand speeds up plans to construct six new airports

Thailand speeds up plans to construct six new airports

Thailand’s Transport Ministry is accelerating development and construction projects on six airports with an aim to become the region's transportation hub.

Southeast Asia - Thu, October 31, 2024 | 6:00 pm GMT+7

Thailand develops eco-friendly seaport model

Thailand develops eco-friendly seaport model

Thailand is striving to implement environmental protection and social sustainability solutions in developing the country’s major infrastructure projects, such as the development of Phase 3 of Laem Chabang Port, Thailand's only deep-sea port.

Southeast Asia - Thu, October 31, 2024 | 5:58 pm GMT+7

Indonesia intensifies oil palm cultivation to meet biodiesel demand

Indonesia intensifies oil palm cultivation to meet biodiesel demand

Indonesia is expanding its oil palm cultivation to increase crude palm oil (CPO) production as a raw material for 50% biodiesel (B50), according to the country’s Ministry of Agriculture.

Southeast Asia - Thu, October 31, 2024 | 5:56 pm GMT+7

Malaysia’s first domestic EV model opens for booking

Malaysia’s first domestic EV model opens for booking

The Malaysian multinational automotive company Proton's first electric vehicle (EV), the e.MAS 7, is now open for booking.

Southeast Asia - Thu, October 31, 2024 | 5:54 pm GMT+7

Thailand aims to become emerging leader in AI

Thailand aims to become emerging leader in AI

Thailand is positioning itself as an emerging leader in artificial intelligence (AI) regulation and development, thanks to policies that support an approach that balances technological innovation with ethical considerations and workforce protection.

Southeast Asia - Thu, October 31, 2024 | 5:53 pm GMT+7

Vietnam PM calls for more investment from Qatar’s $475 bln sovereign wealth fund

Vietnam PM calls for more investment from Qatar’s $475 bln sovereign wealth fund

Vietnamese Prime Minister Pham Minh Chinh has called on the Qatar Investment Authority (QIA), Qatar's sovereign wealth fund with total assets amounting to $475 billion as of 2023, to ramp up its investment in Vietnam.

Industries - Thu, October 31, 2024 | 4:43 pm GMT+7

FPT Retail earns $6.5 mln in Q3 profit, to expand FPT Shop chain

FPT Retail earns $6.5 mln in Q3 profit, to expand FPT Shop chain

Vietnamese retail major FPT Retail made a profit after tax of VND165 billion ($6.52 million) in the third quarter of this year, while it incurred a loss of VND13 billion ($514,000) in the same period last year.

Companies - Thu, October 31, 2024 | 3:56 pm GMT+7

Germany’s PNE opens rep office for $4.6 bln offshore wind project in central Vietnam

Germany’s PNE opens rep office for $4.6 bln offshore wind project in central Vietnam

Germany’s PNE AG, a leading developer of renewable energy projects, has shown its determination to proceed with a mega offshore wind power project in central Vietnam by opening a representative office there.

Energy - Thu, October 31, 2024 | 2:43 pm GMT+7

Saudi Arabian energy giant ACWA Power ready to invest $5 bln in Vietnam

Saudi Arabian energy giant ACWA Power ready to invest $5 bln in Vietnam

Saudi Arabian private energy giant ACWA Power stands ready to invest up to $5 billion in Vietnam, a senior executive said Wednesday.

Industries - Thu, October 31, 2024 | 2:39 pm GMT+7

Effective M&A deal depends on thorough understanding, value addition potential: Kido exec

Effective M&A deal depends on thorough understanding, value addition potential: Kido exec

An effective M&A transaction depends on fully understanding the company being acquired in order to create added value, says Kido Group CEO Tran Le Nguyen.

Companies - Thu, October 31, 2024 | 1:22 pm GMT+7

No budget apartments in Vietnam, chronic supply-demand gap widens

No budget apartments in Vietnam, chronic supply-demand gap widens

Vietnam saw no supply or transaction of low-cost apartments priced below VND25 million ($988) per square meter in the third quarter, says a real estate report by the Ministry of Construction.

Real Estate - Thu, October 31, 2024 | 1:10 pm GMT+7

Vietnam steel major SMC remains bogged down with difficulties

Vietnam steel major SMC remains bogged down with difficulties

Steel manufacturer SMC Trading Investment JSC has been actively selling assets to generate cash for debt repayment and maintain operations since the beginning of this year.

Companies - Thu, October 31, 2024 | 10:41 am GMT+7

Vinhomes’ earnings fall 39% to $777 mln in Jan-Sep

Vinhomes’ earnings fall 39% to $777 mln in Jan-Sep

Vinhomes, the largest residential housing developer in Vietnam, booked a net profit of VND19,642 billion ($777 million) in the first three quarters this year, down 39.2% year-on-year.

Companies - Thu, October 31, 2024 | 9:58 am GMT+7