Politics

☕Afternoon briefing on June 29

The following is a brief review of the day’s events as reported by the Vietnam News Agency.
☕Afternoon briefing on June 29 ảnh 1

Hanoi (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency.

- The Government convened the monthly specialised session onlaw building under the chair of Prime Minister Pham Minh Chinh on June 29.

☕Afternoon briefing on June 29 ảnh 2PM Pham Minh Chinh speaks at the law building session on June 29. (Photo: VNA)

Cabinet members discussed the proposals onbuilding a law on teachers, the draft amended Law on Archives, a law amendingand supplementing some articles of the Law on Chemicals, and a law amending andsupplementing the laws that include regulations on investment and budget totackle hindrances to public investment projects. Read full story

- Minister of Industry and Trade Nguyen Hong Dien on June 28 metwith head of China’s State Administration for Market Regulation Luo Wen todiscuss ways to further cooperation between the ministry and theadministration.

The meeting was within the framework of Prime Minister PhamMinh’s official visit to China and attendance at the 14th Annual Meeting of theNew Champions (AMNC) of the World Economic Forum (WEF). Read full story

- A Vietnamese delegation attended the 13th annual conferenceon the East Sea held by the Washington DC-based Centre for Strategic andInternational Studies (CSIS) on June 29 (Vietnam time).

☕Afternoon briefing on June 29 ảnh 3A boat approaches An Bang island of Vietnam's Truong Sa (Spratly). (Photo: VNA)

The delegation was led by Assoc. Prof. and DrNguyen Thi Lan Anh, Director of the East Sea Institute under the DiplomaticAcademy of Vietnam. Read full story

- Vietnam’s gross domestic product (GDP) grew about 3.72% year onyear in the first half of this year, according to the General Statistics Office(GSO).

The expansion is only higher than the 1.74% recorded in thefirst half of 2020 during the 2011 - 2023 period, the GSO told a pressconference on March 29. Read full story

- The flows of foreign direct investment (FDI)into Vietnam are forecast to increase in the second half of the year as thedownturn has been improved in recent months, experts have said.

Only a few days after Do Nhat Hoang, Director ofthe Foreign Investment Agency under the Ministry of Planning and Investment(MPI), announced that many large-scale projects, including billion-USD onesfrom Republic of Korea (RoK) firms are waiting to enter Vietnam, Hai Phongauthorities on Jun 26 handed over a licence to LG Innotek Vietnam Hai PhongCo., Ltd. to add over 1 billion USD to its project in the northern port city,raising its total investment to over 2.05 billion USD. Read full story

- Vietnam saw a record-high number of new businessregistrations, including those resuming operations, in June, according to theDepartment for Business Registration Management under the Ministry of Planningand Investment.

This is a positive signal seeing as firms arestill facing many difficulties in production and business activities, thedepartment said. Read full story

- The banking sector should take more drastic measures torestructure credit institutions in association with the settlement of bad debtsto contribute to curbing inflation and stabilising macro-economic factors,according to insiders.

Data from the State Bank of Vietnam (SBV) show thatas of June 15, the credit outstanding balance of the economy had reached about12.32 quadrillion VND (over 523.9 billion USD), up 3.36% compared to the end of2022 and 8.94% over the same period last year. Read full story

- Ho Chi Minh City attracted 2.9 billion USD in foreign directinvestment (FDI) from the beginning of this year to June 20, an increase of30.7% compared the same period last year, the city’s Statistics Office hasannounced.

In the first half of this year, the country's economiclocomotive granted new investment certificates for 514 projects with a combinedregistered capital of 231 million USD, marking an increase of 69.1% in thenumber of projects compared to the same period last year./. Read full story

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