Vietnamplus

The 14th National Assembly began questioning ministers and heads of sectors on November 6, as part of its ongoing eighth session in Hanoi.

The National Assembly debated an overall plan on socio-economic development in ethnic minority-inhabited, mountainous and extremely disadvantaged areas, during a plenary sitting in Hanoi on November 1, the 10th day of sitting of the ongoing eighth session.

The National Assembly acknowledged and highly appreciated the outcomes achieved in implementing the NA’s resolutions on socio-economic development and State budget in 2019 during a live-broadcast discussion on October 31.

Finance Minister Dinh Tien Dung presented a report on the State budget performance in 2019, estimates for 2020 and the five-year financial plan (2016-2020) to the National Assembly on October 31.

The State should hold 100 percent capital at the Vietnam stock exchange, expected to be merged from the two current bourses under the revised draft Law on Securities, an official said.

Vietnam’s outstanding tax payments had reached 88.25 trillion VND (3.8 billion USD) as of September, up 8.2 percent from the end of 2018, Finance Minister Dinh Tien Dung said.

The 14th National Assembly discussed the draft amended securities law during a plenary sitting on October 22, the second working day of the 8th session.

National Assembly (NA) deputies will have a plenary discussion on October 22 focusing on the draft revised Securities Law as part of their ongoing eighth session.

The 14th-tenure National Assembly (NA) opened its 8th session in Hanoi on October 21.

Lawmakers on September 17 agreed on the need to issue a draft decree regulating customs procedures for goods transiting Vietnam via the ASEAN Customs Transit System.

The alarmingly sluggish disbursement of official development assistance (ODA) capital and foreign soft loans continued to be the topic of a teleconference in Hanoi on September 13.

The OPEC Fund for International Development (OFID) will loan 45 million USD to a transport infrastructure improvement project in the central city of Da Nang.

The two national stock exchanges will be merged into one single stock exchange and named the Vietnam Stock Exchange which will be headquartered in Hanoi.

Deputy Prime Minister Vuong Dinh Hue on August 1 asked ministries to speed up the connection of administrative procedures under their management to the national single window (NSW) as the work remains slow.

Construction of Vietnamese-funded Dongkhamxang Academy of Economics and Finance began its third phase in the Lao capital Vientiane on July 19.

More than 200 foreign firms attended a conference to promote investment in Vietnam in London on July 4, which was chaired by Minister of Finance Dinh Tien Dung.

The United Kingdom is willing to provide technical assistance to help increase the efficiency of the Vietnamese economy, and intensify cooperation with the country in preventing money laundry, UK Chancellor of the Exchequer Philip Hammond said on July 3.

The Country Director of the Asian Development Bank (ADB) in Vietnam has stated that the country’s capital disbursement rate has slowed down in the past 3 – 4 years.

Disbursement of official development assistance (ODA) hit over 1.6 trillion VND in the first five months of this year, equivalent to only 2.7 percent and 5.6 percent of targets assigned by the National Assembly and Government for the whole year, respectively, which were alarming figures, said Finance Minister Dinh Tien Dung on June 26.

The National Assembly is scheduled to vote on three revised laws and discuss two law projects at the ongoing 7th session on June 13.