Disbursement of public funds in 2023 meets 93.12% of target

Hanoi: More than 662.59 trillion VND (27.14 billion USD) of public capital allocated for 2023 was disbursed as of January 31, fulfilling 93.12% of the Prime Minister’s assigned plan, according to the Ministry of Finance.

The ministry said on February 1 that some 88.28 trillion VND was disbursed for the socio-economic recovery and development programme, or 66.4% of the plan.

Sectors, ministries and associations completed 100% of the disbursement targets included the State Bank of Vietnam, the Joint Stock Commercial Bank for Investment and Development of Vietnam, the Vietnam Television, Vietnam National Tobacco Corporation, the Vietnam Journalists Association and Ha Nam province.

High rate of disbursement was recorded in Dong Thap province (99.8%), Quang Ngai (99.79%), Long An (99.19%), Ba Ria – Vung Tau (98.08%), and Vinh Phuc (96.88%).

In January, over 16.9 trillion VND in public capital was disbursed, accounting for 2.58% of the Government’s plan.

With a view to speeding up public investment disbursemen
t, the Ministry of Finance proposed ministries, sectors and localities quickly make capital allocation plans for their projects, and work to remove bottlenecks in a timely fashion, striving to disburse at least 95% of the public investment budgets./.

Source: Vietnam News Agency

Morning digest February 1

Hanoi: The following is a list of selected news summaries reported last night by the Vietnam News Agency.

– National Assembly (NA) Chairman Vuong Dinh Hue on January 31 visited and extended his Lunar New Year (Tet) greetings to the Party Committee, authorities, people and armed forces of northern Yen Bai province.

The Chairman expressed his impression at and appreciation of the province’s synchronised, flexible, and effective implementation of socio-economic development tasks, which has led to many important, comprehensive, and outstanding results.

– Prime Minister Pham Minh Chinh urged the Hanoi-based Military University of Culture and Arts to play a more active role in preserving and developing the traditional culture sustainably while visiting the university on January 31.

The PM highlighted the Party’s guidelines and policies on culture which has significantly contributed to the struggle for national liberation in the past, as well as the present rapid, sustainable national development.

– Vietnam and
Thailand enjoyed a fruitful partnership in 2023 with bustling exchanges in all fields, laying a firm foundation for the further expansion of their ties in the new year. On the occasion of the New Year of the Dragon, Thai Ambassador to Vietnam Nikorndej Balankura spoke to Vietnam News Agency about major achievements in the Vietnam-Thailand relations last year and prospects for 2024.

– Ho Chi Minh City on January 31 organised a meeting with consuls general and heads of international organisations, and economic and cultural offices and business associations of foreign countries and territories in the southern metropolis.

Highly appreciating efforts of these units, Nguyen Thi Le, Deputy Secretary of the municipal Party Committee and Chairwoman of the municipal People’s Council, said that in the process of development, in addition to its internal resources, the city needs their continued companionship in its work to build itself into a smart city and an economic, financial, commercial, sci-tech, and cultural cen
tre of the region.

– A delegation of the State Audit Office of Vietnam (SAV) led by Deputy Auditor General Bui Quoc Dung visited the Swedish National Audit Office (NAO) on January 29-30 after attending the 22nd meeting of the Working Group on Environmental Auditing (WGEA) of the International Organisation of Supreme Audit Institutions (INTOSAI) in Finland.

At a working session with the Swedish NAO’s representatives, Dung spoke highly of the office’s contributions to bilateral and multilateral ties.

– Deputy Prime Minister Le Minh Khai touched upon the implementation of agreements reached by high-ranking Vietnamese and US leaders since the two countries elevated their relationship to a comprehensive strategic partnership, at a reception for US Ambassador Marc E. Knapper in Hanoi on January 31.

Khai affirmed that the US is a partner of strategic importance for Vietnam, and that the Vietnamese government appreciates the US’s consistent message supporting a “strong, independent, self-reliant and prosperous” V

– Domestic tourism remains a priority of Vietnamese holidaymakers during the Tet (Lunar New Year) festival with 57.7% of respondents said they will spend the holiday at local tourist destinations, according to a report released by The Outbox Company, a travel market intelligence company focusing on South East Asia and the Pacific, based in Vietnam, on January 31.

More than half of the respondents selected tours that span from one to three nights, and over 40% opted others from four to seven nights.

– Vietnam earned 5.14 billion USD from agro-forestry-aquatic exports in January, a year-on-year surge of 79.2%, the Ministry of Agriculture and Rural Development reported.

Meanwhile, the country imported 3.72 billion USD worth of agro-forestry-aquatic products in the month, leading to a trade surplus of 1.4 billion USD, up more than 4.5 times from the corresponding time last year./.

Source: Vietnam News Agency

President Lula da Silva calls Vietnam important partner of Brazil

Hanoi: Brazilian President Lula da Silva affirmed that Vietnam is an important partner of his country while receiving Vietnamese Ambassador Bui Van Nghi, who came to present his credentials in Brasilia on January 31.

Expressing his admiration for the achievements Vietnam have obtained over the past years, the host leader lauded the development of bilateral relations and asked the two countries to enhance cooperation in multiple spheres, including politics – diplomacy, economy – trade, agriculture, and science – technology.

He noted that bilateral trade has been growing strongly over the past years to approximate 7 billion USD in 2023, so the countries should further promote ties in this field.

The President added he hopes to pay a second visit to Vietnam in the near future, after the first in 2008.

For his part, Nghi voiced his honour to serve as Ambassador of Vietnam to Brazil, pledging to help foster the two countries’ comprehensive partnership in an increasingly substantive and effective manner in all
the three pillars of party-to-party, state-to-state, and people-to-people diplomacy.

The ambassador emphasised that he will exert efforts to develop bilateral economic – trade – investment ties on par with the sound political relations, firstly implementing the commitments stated in the joint communiqué issued during Vietnamese Prime Minister Pham Minh Chinh’s official visit to Brazil in September 2023.

He vowed to coordinate closely with the South American country to organise celebrations of the 35th anniversary of the two countries’ diplomatic ties (May 8, 1989 – 2024) and the 17th anniversary of the comprehensive partnership (May 2007 – 2024) this year.

At the meeting, Nghi also conveyed President Vo Van Thuong’s invitation to visit Vietnam to President Lula da Silva./.

Source: Vietnam News Agency

FM’s trip to promote Vietnam’s ties with EU, Belgium: Ambassador

Brusels: Minister of Foreign Affairs Bui Thanh Son is in Brussels for the 24th ASEAN-EU Ministerial Meeting (AEMM) and the third EU-Indo-Pacific Ministerial Forum (EU-IPMF) as well as a visit to Belgium from January 30 to February 3.

Vietnamese Ambassdor to Belgium and head of the Vietnam Mission to the EU Nguyen Van Thao said that the EU-IPMF gathers nearly 70 delegations from EU member countries and more than 40 countries in the Indo-Pacific region, as well as representatives from a number of international organisations.

The initiative was proposed by the EU in 2022, serving as an important mechanism for the EU and the Indo-Pacific region to share their evaluations on new developments and trends of the world, reviewing achievements and sketching out new cooperation orientations and prospects to connect the two regions, thus strengthening solidarity and coordination in dealing with common issues of the globe, said Thao.

He said that at the forum, the Vietnamese FM will deliver a speech on green transition
, which is one of the promising and prioritised area in the Vietnam-EU partnership, as well as the inevitable trend of the world economy, and the development direction of Vietnam.

Vietnam, one of the countries that are hardest hit by climate change and environmental pollution, is in need of strong cooperation from the international community, including the EU, to mitigate climate change, enhance adaptation capacity and promote sustainable development, the diplomat underlined, stressing that this is an area of the EU’s strength. The EU has also shown interest in promoting strong collaboration with Vietnam to build a model new-style cooperation between the EU and the Indo-Pacific region in this important field, he added.

Meanwhile, the 24th AEMM, which is the first one held in-person after five years due to COVID-19 pandemic, is the continuation and promotion of important results achieved in the recent high-level events, aiming to lift up ASEAN-EU relationship to a new height, making it more substaintial, eff
ective and strategic.

Regarding the Vietnam-Belgium relations, Thao underscored that the ties have seen breakthrough growth over the years, especially after Prime Minister Pham Minh Chinh’s official visit to the European country in December 2022. The two sides have maintained regular high-level visits, he noted, adding that this year, the Belgian King will choose Vietnam for his only official visit outside the EU this year.

Together with the visits, bustling activities to promote economic connectivity and bolster bilateral trade and investment cooperation over the years have laid a firm foundation for the two sides to optimise their cooperation potential, the diplomat said.

He noted that Belgium is currently a strategic partner of Vietnam in agriculture, and a promising partner in many other fields such as infrastructure development, seaport, hydrogen, health care and pharmacieuticals.

Belgium is playing the role of European Council President in the first half of 2024, enabling the country to help Vietnam
to promote ties with the EU, said Ambassador Thao.

In order to boost partnership between Vietnam and the EU, the diplomat proposed that Vietnam need to make comprehensive and systematic strategies to promote bilateral trade and investment ties in the future, with the identification of prioritised cooperation areas and potential partners, while increasing in-depth trade and investment promotion activities in the EU to deepen mutual understanding and connect businesses of the two sides, and keeping close contact to maintain collaboration momentum, held the diplomat./.

Source: Vietnam News Agency

PM orders renewing current growth drivers, optimising new ones

Hanoi: Prime Minister Pham Minh Chinh demanded renewing current growth drivers and optimising new ones while chairing the Government’s regular meeting on February 1.

The meeting reviewed the socio-economic situation in January, the allocation and disbursement of public investment, and the implementation of the three national target programmes.

PM Chinh noted that a number important economic, political, social, and diplomatic activities along with extraordinary sessions of the Party Central Committee and the National Assembly (NA) took place last month.

Under the leadership of the Party and thanks to support from the NA and the involvement of the entire political system, people and businesses, the January socio-economic situation continued to enjoy encouraging results, he said, elaborating that the macro-economy basically remained stable; inflation under control; major balances of the economy guaranteed; the agricultural, industrial, and service sectors recording many rosy signs right since the year’s begin
ning; while development investment posting positive results.

Besides, planning and digital transformation continued to be enhanced; cultural and social affairs given more attention; people’s life quality further improved; and the implementation of the three targeted strategic breakthroughs accelerated. Preparations have been stepped up to ensure a merry Lunar New Year (Tet) festival for people. Meanwhile, the political and social situation has been kept stable, defence and security firmly safeguarded, and external relations promoted strongly, he pointed out.

For February and beyond, the PM asked Government members to look back on the situation and lessons, particularly in direction issuance, governance, and policy response, to devise measures for renewing the current growth drivers of investment, export and consumption; adding and optimising new impetuses like digital economy, green economy, circular economy, and innovation; creating jobs for people; addressing production chain disruptions; and further enga
ging domestic businesses in global supply chains.

In addition, the Cabinet leader requested promoting the development of cultural and social fields, ensuring security and defence, fostering external relations, and maximising the resources owned by State-owned enterprises. In particular, the immediate task is to ensure a merry, healthy, and economical Tet for all, with no one left behind./.

Source: Vietnam News Agency

Tet wishes extended to overseas Vietnamese

Hanoi: Deputy Minister of Foreign Affairs Le Thi Thu Hang, who is also Chairwoman of the State Committee for Overseas Vietnamese (OV) Affairs, has extended her best wishes to Vietnamese people living around the world on the occasion of the nearing traditional Tet (Lunar New Year).

In her Tet greeting letter, Hang wrote that in 2023, the world witnessed unpredictable changes, beyond forecasts. However, under the leadership of the Party and State, and the consensus of the Vietnamese people, including more than 6 million compatriots abroad, the country steadfastly surfed difficulties and gained many important and comprehensive achievements in all fields, especially in keeping economic development momentum, ensuring social security, maintaining independence, sovereignty and territorial integrity.

External affairs also reaped achievements of historical significance, contributing to increasing the image, stature, reputation and position of Vietnam in the international arena.

She said she was deeply moved and app
reciated as the OV community well serves as a bridge connecting Vietnam with the world, and makes important contributions to the Fatherland building, development and safeguarding cause.

The official affirmed the Ministry of Foreign Affairs and the State Committee for Overseas Vietnamese Affairs will always stand side by side with OVs, make efforts to implement programmes and activities more effectively to connect the communities abroad as well as connecting Vietnamese people at home and abroad.

She wished the entire OV community a warm Tet, and a new year of good health, happiness and prosperity./.

Source: Vietnam News Agency