Legislative body to make major economic decisions, minister appointments
The National Assembly's year-end meeting started Thursday, discussing major socio-economic issues and several draft laws.
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.
- Read More
New mindset key to resolving institutional bottlenecks, promote growth: economist
Moving from a mindset of control to that of promoting growth is key to clear four institutional bottlenecks in the way of national development, says Dr. Nguyen Dinh Cung, former director of the Central Institute for Economic Management (CIEM).
Opinion - Sun, November 24, 2024 | 3:30 pm GMT+7
Low production costs, tax benefits give Chinese goods price advantage in Vietnam
Chinese goods entering Vietnam are often cheaper than local products due to low production costs, taxation benefits and shipping subsidies by manufacturers, says Nguyen Thanh Trung, director of Logistics Technology Solutions Company Limited (LTS).
Companies - Sun, November 24, 2024 | 2:00 pm GMT+7
Thailand’s food trade to top THB700 billion next year
The private sector is set to propel Thailand towards becoming a global food hub by 2026, with the value of the nation's food trade expected to surpass THB700 billion ($20 billion) next year.
Southeast Asia - Sun, November 24, 2024 | 10:22 am GMT+7
Indonesia plans to cut coal use to 33% of energy mix
The Indonesian Government plans to slash the share of coal-fired power generation in the country’s energy mix to just 33%, while increasing the contribution of renewables to 42% by the end of 2040.
Southeast Asia - Sun, November 24, 2024 | 10:19 am GMT+7
Thai Government approves economic stimulus plan
The Thai Government’s economic stimulus policy committee led by Prime Minister Paetongtarn Shinawatra has approved a five-point plan to boost national economy in both short-and long-terms, the Government House said on Thursday.
Southeast Asia - Sun, November 24, 2024 | 10:16 am GMT+7
Singapore raises forecast for 2024 economic growth to around 3.5%
With economic growth in the third quarter of this year exceeding the projected rate, Singapore has raised its growth forecast for the whole year 2024 to around 3.5%.
Southeast Asia - Sun, November 24, 2024 | 10:14 am GMT+7
British oil giant invests in $7 billion gas project in Indonesia
UK oil giant BP announced a joint $7 billion project with its partners to exploit nearly 85 billion cubic meters of gas in Tangguh, West Papua province of Indonesia.
Southeast Asia - Sun, November 24, 2024 | 10:12 am GMT+7
Boom expectant securities firms rush to hike capital base
Many Vietnamese securities companies are rushing to increase their charter capital, anticipating a promising long-term outlook for the stock market.
Finance - Sun, November 24, 2024 | 10:00 am GMT+7
Vietnam sees October surge in car imports from Japan
Vietnam saw a sharp rise in car imports from Japan in October, particularly in the segment with nine seats or fewer, according to the General Department of Customs.
Economy - Sun, November 24, 2024 | 9:00 am GMT+7
Vietnam pharma firms optimistic about 2025 prospects despite lingering challenges
A majority of Vietnamese pharmaceutical firms are optimistic about 2025 market prospects despite challenges facing the healthcare and medicine sectors, according to a survey conducted by Vietnam Report JSC.
Economy - Sun, November 24, 2024 | 8:00 am GMT+7
Vingroup, Chinese firm get greenlight to co-develop Hanoi's 7th bridge over Red River
Vice Chairman of Hanoi Duong Duc Tuan will soon work with Vietnamese conglomerate Vingroup and China Pacific Construction Group on the development of Tu Lien Bridge, the seventh to link the city’s downtown with its suburban districts.
Infrastructure - Sat, November 23, 2024 | 10:56 pm GMT+7
Leading broker Saigon Securities fined over $287,000 for tax violations
Saigon Securities, a leading brokerage firm in Vietnam, has been fined over VND7.3 billion ($287,000) for tax violations in 2022 and 2023.
Companies - Sat, November 23, 2024 | 8:59 pm GMT+7
Japanese retailer Aeon to break ground on 4th shopping mall in northern Vietnam
Japan’s Aeon Mall Vietnam will start construction of a VND5.14 trillion ($202.2 million) shopping center project in the northern province of Quang Ninh, home to UNESCO natural heritage site Ha Long Bay, on December 2, according to provincial authorities.
Industries - Sat, November 23, 2024 | 7:45 pm GMT+7
Central Vietnam province targets more projects with Thai investment
Binh Dinh province in central Vietnam is looking to attract more Thai investment, so far hosting just 10 projects from the neighboring country worth a little over $106 million.
Companies - Sat, November 23, 2024 | 6:31 pm GMT+7
Southern Vietnam province okays 2 FDI projects totaling $57 mln
Tay Ninh province on Friday granted investment registration certificates to two foreign projects worth a total of $57 million.
Industries - Sat, November 23, 2024 | 3:30 pm GMT+7
China’s Luxshare-ICT to up workforce in central Vietnam by 7 times
China’s Luxshare-ICT, a supplier of Apple, currently employs 11,600 people in Vietnam’s central province of Nghe An and is set to increase the workforce to 60,000-80,000 soon.
Industries - Sat, November 23, 2024 | 2:00 pm GMT+7