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Posts Tagged ‘issued’

New set of stamps issued

In Uncategorized on January 8, 2011 at 4:07 am




New set of stamps issued


QĐND – Friday, January 07, 2011, 21:31 (GMT+7)

PANO – On January 5th, the Ministry of Information and Communication officially released a special set of stamps to welcome the 11th National Party Congress which opens on January 12th.


The stamp features the portrait of President Ho Chi Minh on the background of the Party’s flag, showing the spirit of the 11th National Party Congress under the theory of Marx and Lenin and Ho Chi Minh’s thoughts to outline vision, policy and strategy to promote Vietnam in the process of integration and development.


Vietnam Post Office has so far issued 13 stamp sets with 30 models to mark the opening of the National Party Congress ever since the 3rd Congress.


Translated by Tran Hoai


Source: QDND

Mining, civil service, consumer laws issued

In Uncategorized on December 16, 2010 at 9:32 am




Mining, civil service, consumer laws issued


QĐND – Wednesday, December 15, 2010, 21:6 (GMT+7)

Three new laws were made public on Dec. 14, including the Law on Consumer Rights Protection, the amended Law on Minerals, and the Law on Public Officials and Civil Servants which were passed by the National Assembly during its 8th session.

In a meeting held on Dec 14 by the President’s Office, Deputy Minister of Industry and Trade Le Danh Vinh said that the number of violations of consumer rights and the extent of the violations were on the increase, seriously affecting the rights of consumers.

The Law on Consumer Rights Protection regulated that disputes between consumers and individuals and organisational businesses will be settled by negotiation, conciliation, arbitration and courts.

Consumer protection organisations have the right to sue businesses for harming the public interest and the State will provide funding for organisations to implement the tasks outlined in the law.

Introducing the amended Law on Minerals, Deputy Minister of Natural Resources and Environment Chu Pham Ngoc Hien said the law’s new points are regulations related to licensing mineral exploitation through auctioning exploitation rights, State management of minerals, and devolution of licensing powers to local authorities.

Auctioning mineral exploration rights will help abolish the current “give and take” mechanism in licensing and allow qualified organisations which have enough capacity and experience in the sector to be chosen, he said.

The Law also lays out regulations on the overall direction of the mineral sector as well as rules on mineral planning and exploration to avoid overlapping responsibilities between different State agencies, Hien said.

The breakthrough amendment of the revised law is the change in State’s mineral management mechanism which was based on financial regulations and in line with the rules of the market economy, he said.

Under the law, the State will collect a fee from individuals and organisations that are licensed to explore minerals.

The Law on Minerals and Law on Consumer Right Protection will come into effect on July 1, 2011.

Deputy Minister of Home Affairs Nguyen Duy Thang said the Law on Public Officials and Civil Servants will come into force on January 1, 2012.

Source: VNA


Source: QDND

Moratorium issued on steel projects due to oversupply

In Uncategorized on July 15, 2010 at 8:57 am




Moratorium issued on steel projects due to oversupply


QĐND – Wednesday, July 14, 2010, 20:56 (GMT+7)

The Ministry of Industry and Trade (MoIT) has asked cities and provinces to stop granting new investment licenses to steel projects and revise existing contracts as domestic steel supplies have outstripped demand.


Statistics from the ministry showed that as many as 30 provinces in the country have steel projects. Of the total, southern Ba Ria – Vung Tau.


province takes the lead in terms of the number of steel projects with 15, followed by Hai Phong, Phu Tho and Ha Tinh with nine and four


respectively. FDI projects account for the majority of steel production in Ha Tinh, Ba Ria-Vung Tau and Quang Ngai.


The ministry said Vietnam now had 65 steel projects with a yearly design capacity of more than 100,000 tonnes. In addition, additional


projects managed by the Vietnam Steel Corporation account for a total investment of 20 million USD.


Of the total, there are seven FDI projects and 58 domestic and joint ventures.


Last year, the industry met 54 percent of the country’s total demand of steel ingot, 40 percent of cold steel and 100 percent of building steel.


It is estimated that by 2015 the country will need 15 million tonnes of steel and 20 million tonnes by 2020. This could lead to redundancy as


total yearly capacity of the projects will be over 35 million tonnes, between 1.5-1.8 times higher than demand.


MoIT’s deputy minister Le Duong Quang said only 23 steel projects had been approved by the Prime Minister in 2007.


Quang said localities had granted licenses for 32 projects but they had not been approved by the PM, adding that this was not in conformity with Construction and Investment Law regulations.


He added that provinces which have not ensured necessary conditions of scale, technology, input materials, infrastructure and environmental audits could make the projects untenable in the long-run and have a negative effect on the environment.


To resolve the issue, the ministry asked the provinces to check the investment situation and production of the industry as planned. It would propose that the PM consider and grant licenses to projects which were eligible for implementation.


It also instructed localities to withdraw investment licenses from projects which are not making progress and have no legitimate reasons for their slow implementation.


The Vietnam Steel Association asked the PM to withdraw licenses of slow projects that would cause waste and affect the capacity of the industry.


Source: VNA


Source: QDND

New rules on car use for representative offices issued

In policies on March 23, 2010 at 4:19 pm




New rules on car use for representative offices issued


QĐND – Tuesday, March 23, 2010, 20:55 (GMT+7)

Vietnamese ambassadors, charge d’affaires, and heads of missions to international organisations are allowed to use a car valued at less than 65,000 USD for business purposes, according to a new decision by the Prime Minister.


Those who hold the position of consulate general can use a car valued at no more than 60,000 USD.


A representative office of the country abroad can buy up to 10 cars, depending on specific circumstances and the nature of their work. Each office can buy one car valued at less than 45,000 USD, the remainder costing less than 35,000 USD.


With other Vietnamese offices abroad, those with less than four staff can buy a car, while those with more than four staff can buy two.


Cars for ambassadors, charge d’ affaires, and head of missions can be sold after at least five years of use.


Source: VNA


Source: QDND

New birth control regulations issued

In policies on March 13, 2010 at 4:39 am




New birth control regulations issued


QĐND – Friday, March 12, 2010, 20:27 (GMT+7)

New regulations on birth control amending the Population Ordinance issued by the Government on March 8 will permit seven cases of family circumstance to have three children as opposed to the previous quota of two.


Couples who give birth to triplets, that have a child and give birth to two or more babies during the second birth and those who give birth to a third child after a previous child died or was put up for adoption, will be exempt from birth control penalties.


Those whose one or two children are confirmed by local or central medical examination councils to be disabled or suffer from nonhereditary fatal illnesses will also be permitted to a third baby. The Ministry of Health has issued a list of fatal cases that will be affected by the new decree.


Ethnic groups with a population of less than 10,000 or with a birth rate lower or equal to their death rate will be allowed to have three children. The Government has asked the Ministry of Planning and Investment to publicise the name of those ethnic groups.


Source: VOV


Source: QDND

New rules issued on public takeovers

In Vietnam Economy on March 11, 2010 at 5:02 am




New rules issued on public takeovers


QĐND – Wednesday, March 10, 2010, 21:30 (GMT+7)

Public acquisition activities between domestic listed companies is booming, forcing market regulators to issue new rules on public takeovers.


The latest instruction, issued by the State Securities Commission early March, requires listed firms to implement bids through a negotiation system at stock exchanges, while unlisted firms will have to execute takeovers through the Vietnam Securities Depository Centre.


Under the new rules, bid participants must also meet minimum tax and bidding fees.


Public takeovers are commonplace in the global market although locally they have only started to appear since the bid between Hung Vuong and An Giang Fisheries Import-Export Co last year.


An official from the State Securities Commission was quoted as saying that the instruction on public acquisition bids is part of the regulators’ attempt to give more power to domestic enterprises for M&A activities.” The official added that the instruction would help ensure shareholders’ benefit from transparent bid implementation.


Source: VNA


Source: QDND