Author: web Desk

 

 The State Bank of Vietnam has revised up several interest rates by 1% from Friday. Under a decision by Governor Nguyen Thi Hong, the refinancing interest rate will be set at 5% per year, rediscount at 3.5%, and overnight inter-banking lending rate at 6%.

The interest rate for non-term and one-month deposits in the Vietnamese dong is capped at 0.5% annually while that for 1-6 month deposits is 5%.

Deposits of 1-6 months at people’s credit funds and micro-finance organisations will enjoy an annual interest rate of 5.5%.

The move came after the US Federal Reserve (Fed) raised its benchmark rate by 75 basis points to battle inflation.

 

 

Source: VOV5

 

 Israeli Prime Minister Yair Lapid pledged support for a two-state solution to the Israeli-Palestinian conflict during his Thursday address to the United Nations General Assembly in New York. The establishment of a Palestinian state, alongside Israel, is the right solution to the long, bloody conflict, Lapid said, marking the first time in years that an Israeli leader publicly expressed support for a two-state solution.

He said an agreement with the Palestinians, based on two states for two peoples, is the right path for Israel’s security, for Israel’s economy, and for the future of Israel’s children.

According to Lapid, Israel only has one condition that a future Palestinian state be a peaceful one, adding that Israel will have the ability to protect itself.

Earlier in his speech on Wednesday at the 77^th session of the UN General Assembly, US President Joe Biden reiterated Washington’s commitments to the two-state solution to the Israeli-Palestinian conflict.

 

 

Source: VOV5

 

President Nguyen Xuan Phuc and National Assembly Chairman Vuong Dinh Hue attended a ceremony to mark the 30th anniversary of the establishment of the National Assembly’s Defense and Security Committee on Friday in Hanoi. Over the past 30 years, the Committee has participated in revising the 1992 Constitution, formulating the 2013 Constitution, especially the regulations on national defense, the armed forces, and the National Defense and Security Council.

Congratulating the Committee, National Assembly Chairman Vuong Dinh Hue suggested that the Committee play a more active part in  building and completing the laws, resolutions and ordinances in the assigned fields, improve the criticality of verification reports, and ensure the progress, quality, feasibility and consistency of documents submitted to the National Assembly and its Standing Committee.

“In the coming time, with the spirit of proactiveness, the Defense and Security Committee and other committees will promote the sense of responsibility and wisdom of the Committee members, study and submit to the National Assembly the draft laws and resolutions, contributing to the improvement of the institution,” Mr. Hue said.

The National Assembly Chairman requested the Committee to strengthen coordination with relevant ministries such as the Ministry of National Defense, the Ministry of Public Security and the Ministry of Foreign Affairs to advise the National Defense and Security Council on participating in the United Nations peacekeeping missions in compliance with international regulations, treaties, agreements and practices to which Vietnam is a member.

 

 

Source: VOV5

 

An event held on Thursday by the “Restoring the Environment and Neutralising the Effects of the War” (RENEW) project in Washington D.C. completed its target of raising 100,000 USD for mine clearing in Vietnam’s central province of Quang Ngai.

The event, taking place in both virtual and face-to-face forms, saw the participation of US officials and people, most of whom are Vietnam War veterans.

In his speech, veteran Chuck Searcy, co-founder of the project, said the funds raised will help expand de-mining activities to Quang Ngai, where there are many unexploded ordinances threatening the safety of the people.

Speakers at the fundraising event highlighted the importance of surmounting the consequences of the Vietnam War and called on benefactors to finance the clearance of bombs, mines, and explosives to contribute to war relief efforts.

 

 

Source: VOV5

 

-Prime Minister Pham Minh Chinh on Friday chaired a hybrid conference to identify directions, set out tasks and solutions to better organize and operate the science and technology market, turn science and technology into the main productive force of society, and create outstanding competitiveness of the economy. Prime Minister Chinh told the conference: “The science and technology market in Vietnam is one of the important factors in the socialist-oriented market economic institution. The Party and State have over the years paid attention to investment, issued and delivered related undertakings and policies. As a result, the science and technology market has initially taken shape, developed and achieved certain results.”

The Prime Minister pointed out that the development of the science and technology market must take scientific research as the foundation, scientists as the driving force, businesses as the center, in line with the fourth Industrial Revolution and the process of international economic integration.

He stressed the need to maximize resources from the private sector and international cooperation, speed up the innovation of products and services, and create favorable conditions for enterprises to quickly joined the global value chain and conquer the international market.

 

Source: VOV5

 

263 outstanding children from all 54 ethnic groups nationwide were honored and presented certificates at a ceremony held in Hanoi on Friday as part of the fourth National Festival of Ethnic Children. They are ethnic minority pioneers with excellent achievements in  study, practice, and active engagement in activities organized by the Ho Chi Minh Vanguard Children Union, to preserve and promote the national cultural identity. They have been excellent students for many years and won many prizes for examinations.

Tran Tuan Anh, Head of the Party Central Committee’s Economic Commission, said he  believes that the children will further promote their achievements, unite, and strive harder in study and training to uphold the traditional cultural values of the Vietnamese nation towards building an advanced Vietnamese culture, driving the development of a prosperous and happy nation.

“The HCM Youth Union and HCM Vanguard Children Union will continue to advise Party committees and authorities and coordinate with schools, organizations, and social forces to care and support children in difficult circumstances and ethnic children with disabilities,” said Tuan Anh.

He insisted that “the most favorable conditions will be created so that each child can attend school, preserve and promote the national cultural identity and become the nation’s future leaders.”

 

Source: VOV5

 

The Ministry of Industry and Trade (MoIT) has been told to finalise the National Power Development Plan VIII (PDP VIII) for 2021-2030 with a vision to 2045, focusing on reducing coal power plants.

According to the Government Office Notice No 277/TB-VPCP on the conclusion of the Government relating to PDP VIII,  the MoIT was asked to review the feasibility of thermal power projects using domestic gas while reducing the capacity of power plants using imported LNG gas by 2030 and increase wind power projects on reasonable and feasible scale.

The ministry should continue to work with investors on the implementation of coal-fired power projects which are facing obstacles in terms of capital to decide whether continuing coal power projects under current conditions or adopting other options.

In addition, it is necessary to carefully calculate the amount of electricity imports from neighboring countries, especially from Laos, to expand the scale of biomass and hydrogen power sources.

Solar power planning for 2030 should be reviewed to ensure efficiency, and avoid economic damage, especially the unreasonable calculation of electricity prices.

Previously, the MoIT had submitted a report to the cabinet on issues relating to PDP VIII.

The ministry proposed that the Government allow the deployment of solar power projects that have been planned and approved but have not yet been put into operation with a total capacity of about 2,428 MW because a delay could encounter legal risk and compensation for investors.

All violations will be strictly handled in line with State regulations, it added./.

 

Source: LONG AN PORTAL