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11th National Party Congress preparation session held in Hanoi

In Uncategorized on January 12, 2011 at 7:02 am




11th National Party Congress preparation session held in Hanoi


QĐND – Tuesday, January 11, 2011, 21:36 (GMT+7)

A preparation session for the 11th National Congress of the Communist Party of Vietnam was held in Hanoi on January 11.


Delegates elected a Presidium of 24 members. A secretariat of five was elected headed by Ngo Van Du, member of the Party’s Central Committee secretariat, Head of the Central Committee’s Office. Nguyen Van Chi, Politburo member, Head of the Party Central Committee’s Commission for Inspection was also elected head of a 12-member committee for the verification of delegates’ qualifications.


At the session, the agenda for the Congress got a 100 percent approval. Accordingly, the Congress will discuss and adopt a political platform for the transitional period to socialism in Vietnam (revised and supplemented in 2011) and the nation’s socio-economic development strategy for the 2011-2020 period. The Congress will also hear the political report of the Party’s Central Committee (10th tenure) to review the implementation of the mission in the last five years and draw up a direction for the next five years. In addition, it will propose a supplement of the Party’s regulations and elect a Central Committee for the next term.


On behalf of the Presidium, Ho Duc Viet, Politburo member, Head of the Party Central Committee’s Commission for Organisation and Personnel, introduced the election regulations.


According to the committee for the verification of delegates’ qualifications, the Congress, themed “Continuing the Party’s leadership and fighting capacity, upholding national strength, comprehensively spurring the renovation, and laying the foundations for Vietnam to become a modern industrial country by 2020” will be attended by 1.377 delegates, representing 3.6 million Party members nationwide.


Source: VOV


Source: QDND

12th NA concludes its eighth session in Hanoi

In Uncategorized on November 26, 2010 at 1:49 pm




12th NA concludes its eighth session in Hanoi


QĐND – Friday, November 26, 2010, 20:44 (GMT+7)

After a full month of intensive work with a democratic spirit of renewal and a high sense of responsibility, the 12th National Assembly (NA) closed its eighth session in Hanoi on November 26.  


At this session, NA members reviewed the implementation of the socio-economic development plan and the State budget for 2010, worked out a new plan for socio-economic development and the State budget for next year, carried out law making and supervisory programmes, and made decisions on important national issues.


In his closing speech, NA Chairman Nguyen Phu Trong said the NA agreed that this year, the entire Party, people and soldiers spared no efforts to overcome every difficulty and challenge in order to fulfill the targets of socio-economic development. Most of the set targets have been reached and the national economy has recovered from recession and posted a relatively high growth rate. The State budget’s revenues have increased while social welfare continue to see improvements.


However, NA deputies admitted some weaknesses and limitations such as unsustainable growth, slow economic restructuring, poor competitiveness, high trade deficit, high budget overspending and public debts, and low investment efficiency.


In addition, inflation controls have proved ineffective. The price of essential goods is not yet under control and the gold market and the foreign exchange rates still face instabilities.


Regarding the 2011 plan for socio-economic development, NA deputies underlined the need to stabilise the economy, control inflation along with renewing the growth model and restructuring the economy, attain a higher economic growth rate than 2010, and increase the quality, efficiency and competitiveness of the national economy.


It is essential to ensure social welfare, improve people’s living standards, maintain political stability, national defense and security, and increase the efficiency of foreign affairs- related work and international integration.


The NA approved 9 draft laws and one resolution, including the Environmental Protection Tax Law, the Consumer Rights Protection Law, the Minerals Law (revised), Amendments and Supplements to some Articles in the Securities Law, the Insurance Business Law, the Law on the Election of NA and People’s Council members and a resolution on tax policy for agricultural land use.


They also held debates on 9 other draft laws, including the Independent Auditing Law, the Capital Law, the Complaints & Denunciations Law, the Measurement Law, the Anti- Human Trafficking Law, the Archives Law, the Cooperative Law (revised), and Amendments and Supplements to some Articles of the Civil Procedure Code.


The NA questioned four ministers with the participation of two deputy ministers and six other ministers who also explained related issues. The Prime Minister also directly answered queries raised by NA deputies and clarified a number of major issues relating to the government’s management and guidance.


The NA’s question and answer sessions focused on key issues of great concern to NA members and voters such as price fluctuations, the trade deficit, management and operational efficiency of groups and State corporations (the Vietnam Shipbuilding Industry Group known as Vinashin is for example),  power supplies and safety, and the efficiency of a bauxite project in the central highlands.


Q&A sections continued to be improved, obtain practical results and were conducted in a frank, open, and constructive manner. Many NA members admitted their sectors’ weaknesses and limitations and clarified their individual responsibility.


In conclusion, NA Chairman Trong said the eighth session discussed many important issues with heart-felt opinions from NA deputies and thorough preparations of the NA and relevant agencies.


Before the closing ceremony, the NA voted for the approval of a resolution on the Dung Quat refinery project. By a 90.26 percent vote, the NA adopted a resolution on the implementation of administrative procedures relating to citizens and businesses under an overall administrative reform programme in the 2001-2010 period.


Source: VOV


Source: QDND

PM answers NA deputies’ queries at the Q & A session

In Uncategorized on November 24, 2010 at 1:49 pm




PM answers NA deputies’ queries at the Q & A session


QĐND – Wednesday, November 24, 2010, 20:31 (GMT+7)

Prime Minister Nguyen Tan Dung answered NA deputies’ queries at the 8th session of the 12th National Assembly on November 24.


The PM presented six major issues including the bauxite exploitation project in the central highlands, the restructuring of Vinashin and the development of the electricity sector.


Regarding the Tan Rai and Nhan Co bauxite exploitation projects, PM Dung said that during the project’s pilot phase, he directed relevant ministries, the Vietnam Coal and Mineral Group (Vinacomin) and localities to strictly implement the Party and State policies. He also directed the construction, evaluation, processing and use of bauxite ore in the 2007-2015 period.


Vinacomin is the main investor of both projects Tan Rai and Nhan Co. China Aluminum Group is the EPC contractor and will hand over the factory to Vinacomin when construction is completed in two years’ time.


PM Dung added that the exploitation of bauxite will create favourable conditions to improve soil for commercial crops and forests in the central highlands.


After the red mud incident in Hungary, the PM asked relevant ministries and agencies to supervise the project’s construction and solutions for red-mud reservoirs.


The government has also asked Vinacomin to employ foreign consultants to re-evaluate the project and perfect the design of its red-mud reservoirs. At the same time, he also directed the Ministry of Industry and Trade to send a team to conduct a survey at the red-mud spill in Hungary.


The PM said that the survey team has delivered a report which says that technological and management solutions at Tan Rai red-mud lake have been assessed as very modern and safe. He will make a decision on how to go ahead with project once environmental safety is confirmed by foreign consultants.


Regarding the Vinashin Group, the PM said, the government inspectors are urgently trying to complete a comprehensive conclusion on Vinashin. Independent auditors are checking this year’s business results and the group’s leaders are also supervising and updating the group’s financial accounts and assets, related data to ensure accuracy.


The government has also reviewed and analyzed reasons and responsibilities of related agencies and mapped out a detailed plan to create favourable conditions for Vinashin to stabilise and recover production and business activities. The government also focused on perfecting a mechanism for increasing the responsibility and efficiency of State management for state-owned enterprises to avoid such incidents as Vinashin.


As head of the government, the PM is responsible for Vinashin’s shortcomings and he is seriously considering every responsibility for clarification along with his deputies and other ministers involved.


The PM also said that it is difficult to implement a restructuring plan for Vinashin and the government needs the support and supervision of NA deputies.


To strengthen management and improve the efficiency of economic groups and state corporations, the PM will continue to improve the management mechanism for investment and the use of State capital and property to help businesses take responsibility for their activities.


Source: VOV


Source: QDND

Lawmakers hold televised session

In Uncategorized on November 5, 2010 at 11:49 am

12th NA opens its 8th session in Hanoi

In Uncategorized on October 20, 2010 at 3:04 pm




12th NA opens its 8th session in Hanoi


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


The eighth session of the 12th National Assembly (NA) opened in Hanoi on October 20, with Party and State leaders, revolutionary veterans, international guests and more than 400 NA deputies taking part.

In his opening speech, NA Chairman Nguyen Phu Trong said the eighth NA session is taking place after the celebrations of Hanoi’s millennium- a significant event which has raised national pride and encouraged the Party and people to gain new achievements in national construction and defence.


This year, Vietnam has faced a lot of difficulties and challenges caused by the global economic downturn, natural disasters and epidemics. However, under the correct leadership of the Party and the Government, socio-economic targets have been reached, with an estimated economic growth rate of 6.7 percent for this year.


Industrial production and export turnover have posted high growth rates while State revenues are expected to be higher than estimated and inflation is control.


Improved social welfare, social security have helped to improve people’s living standards significantly. Remarkable progress has been seen in administrative reform, and preventing corruption. The successful holding of the ASEAN Summit, the 31st General Assembly of the ASEAN Inter-Parliamentary Assembly (AIPA) has elevated Vietnam’s status in the international arena.


The achievements recorded in 2010 are fresh impetus for carrying out resolutions adopted at the 10th National Party Congress and the five-year plan for socio-economic development (2006-2010) under the NA’s resolution, which will give fresh impetus to socio-economic tasks in the following years.


Mr Trong pointed out the limitations and weaknesses in socio-economic development that have not yet been resolved, namely a slow economic restructuring, poor infrastructure, ineffective investment, a high trade deficit and a State budget overspend and soaring prices, which could result in the return of inflation. In addition, environmental pollution and violation of food hygiene and safety regulations have become more complex, while many burning social issues have not been dealt with. Therefore, it is essential to find more ways of resolving these issues properly to ensure sustainable development, Mr Trong emphasised.


NA focuses on important issues


With its 32-day working schedule, the eighth NA session will concentrate on many key national issues such as considering the government reports on the outcomes of socio-economic plans, and the State budget for 2010 and 2011 and central and local budget allocations for next year.


During the session, the NA is expected to adopt 9 draft laws and 1 resolution draft, including the Environmental Protection Tax Law, the Consumer Rights Protection Law, the Minerals Law (revised), the Laws on Amendments and Supplements to some Articles in the Securities Law, the Insurance Business Law, the Law on the Election of NA and People’s Council deputies and a resolution on tax policy for agricultural land use.


The NA deputies will also give their opinions on 9 other draft laws, including the Independent Auditing Law, the Complaints& Denunciations Law, the Measurement Law, the Anti- Human Trafficking Law, the Archives Law, the Cooperative Law (revised) and the Law on Amendments and Supplements to some Articles of the Civil Procedure Code and the Capital Law.


The NA will supervise the reform of administrative procedures related to citizens and businesses under the State’s master plan for administrative reforms in the 2001-2010 period.


Reports on supervisory activities conducted by the NA Standing Committee, the NA Ethnicity Council and NA committees and some other reports on voters’ petitions, the NA’s Q&A sessions and the NA’s supervisory activities, the Chief Judge of the Supreme People’s Court and Head of the People’s Procruracy’s operations will also be considered.


Many other issues related to waste, anti-corruption, external relations, national security and defence, a pilot project for ending people’s councils in districts and wards, the conclusion of the Dung Quat refinery project, the Vietnam Shipbuilding Industry Group (Vinashin) and afforestation joint-ventures in border areas, will also be discussed.


The NA will give opinions on several draft documents to be submitted to the 11th National Party Congress and consider some other important issues.


NA Chairman Nguyen Phu Trong emphasised that Vietnam will grasp every opportunity and seek effective solutions to restore economic growth and ensure macroeconomic stability, social welfare, national defence, and security, laying a solid foundation for fast and sustainable growth in the years to come. Mr Trong urged the NA deputies to be responsible, sensible and democratic and to make practical proposals.


After the opening speech by NA Chairman Trong, Prime Minister Nguyen Tan Dung reported on some of the major socio-economic issues in 2009 and targets for 2010.


Regarding the socio-economic situation in 2009, Mr Dung said that in the process of its opening up and integrating deeper into the region and the world, Vietnam’s economy, especially exports, investments and tourism has been seriously affected by the global financial crisis. Since 2008, the government has done all it can to control inflation, overcome natural disasters and epidemics and counter activities by hostile forces. It has constantly provided updated information and analysed the situation to devise proper solutions to prevent a further economic downturn and control inflation.


To prevent another economic downturn, the Government submitted a plan to the 5th session to adjust some specific targets.


As a results, in 2009, Vietnam achieved many significant results, such as preventing the economic downturn, obtaining a fairly high growth, increasing investment for development, ensuring macroeconomic stability, and containing inflation to encourage socio-economic development. It continued with social welfare programmes to support poor people and families of social beneficiaries in disadvantaged areas, stepped up administrative reform, combated corruption, and waste and ensured socio-political stability, further improving Vietnam’s status in the international arena.


PM Dung also pointed out five weaknesses, including the lowest GDP growth rate in 10 years, an unstable macro-balance, poor infrastructure, resources and economic institutions, problems with social welfare and slow progress with administration reform.


For the country’s socio-economic development targets for 2010, PM Dung said that it is essential to make a greater effort to restore economic growth, which will be higher than 2009, improve the quality of growth, strengthen macroeconomic stability, control inflation, and ensure social welfare to improve the people’s living standards. It will actively integrate and promote international economic co-operation, maintain socio-political stability and defence and fulfill its socio-economic targets for the five-year plan (2006-2010).


President of the Vietnam Fatherland Front, Huynh Dam, presented a report on voter’s petitions. The 6th session of the 12th NA received 1,687 voters’ petitions on major issues, such as efficiency of the stimulus package, labour, employment, people’s living conditions, environmental pollution, food safety, traffic problems and corruption.


The NA also heard a report on the outcomes of the socio-economic targets in 2009 and plans for 2010, presented by Ha Van Hien, Chairman of the NA Economic Committee.


Earlier, the NA held a preliminary session and approved the agenda for the 8th session.


Source: VOV


Source: QDND

Stocks rise as session closes

In Uncategorized on July 29, 2010 at 11:19 am

The shares on the Ho Chi Minh Stock Exchange swam upstream at the end of the July 29 trading session to finish a tad higher than yesterday amid investor hesitancy to buy stocks at lower prices.


VN-Index, which tracks 250 companies and four mutual funds, inched up 0.02 percent, or 0.11 points, to close at 491.11.
 
Liquidity on southern market severely dropped, as just around 37.4 million shares changed hands at VND1.1 trillion.
 
On the index, 100 stocks advanced, 96 retreated, while 58 remained unchanged.
 
Vinh Son – Song Hinh Hydropower Joint Stock Company (VSH) was the most active share by volume, with 1.57 million shares changing hands.
 
PetroVietnam Finance Joint Stock Corporation (PVF) came next with 1.49 million shares, followed by Gemadept Corporation (GMD) with 1.09 million shares traded.
 
620 Chau Thoi Concrete Corporation (BT6) and Khanh Hoa Power Joint Stock Company (KHP) both shot up 4.96 percent to VND74,000 and VND12,700 respectively.
 
From July 27 to September 27, Do Phuong Vi, wife of Le Anh Khoi – public relations agent of Khanh Hoa Power Joint Stock Company (KHP), registered to sell all her holdings of 3,100 shares for personal need.
 
FPT Corporation (FPT) climbed 4.93 percent, to VND74,500, from VND71,000 yesterday. The company’s pre-tax profits in the first six months of this year has reached more than VND1.08 trillion, up 38.1 percent year-on-year, and completing 51.29 percent of their goals for this year.
 
Binh Duong Trade and Development Joint Stock Company (TDC) closed up 4.91 percent to VND36,300.
 
Information and Networking Technology Joint Stock Company (CMT) declined for the second consecutive day, decreasing the daily maximum allowed limit of 5 percent to VND38,000.
 
Techno – Agricultural Supplying Joint Stock Company (TSC) fell for a third straight day, losing 4.96 percent to VND23,000.
 
Royal International Corporation (RIC) edged down 4.93 percent to VND19,300.
 
Stocks on the smaller bourse in the north also made a U-turn at the end of the trading session, gaining 0.4 percent, or 0.61 points, to close at 152.99. Trading volume rose to the highest level in the past five trading sessions, reaching 46.3 million shares, worth VND1.28 trillion.
 
The UPCoM-Index lost 0.59 points to 51.55 points. The market of unlisted stocks saw 326,300 shares change hands, at VND5.8 billion, as of 11 am local time.

Source: SGGP

Next legislative session scheduled

In Uncategorized on July 21, 2010 at 3:16 pm




Next legislative session scheduled


QĐND – Wednesday, July 21, 2010, 20:58 (GMT+7)

The eighth session of the National Assembly will run from October 20 to November 26.


At the meeting, the NA will discuss and approve nine draft laws and one resolution. Lawmakers will also debate 10 other legal documents and comment on the draft documents that will be presented at the 11th National Party Congress in January.


On the results of June’s meeting, Tran Dinh Dan, chairman of the NA Office, said 10 laws and two resolutions were successfully passed.


In addition, he said legislators held useful talks on the proposed Hanoi – HCM City railway and the development master plan for Hanoi up until 2030.


“Generally speaking, the quality of the National Assembly’s last session was much better than previous ones,” Dan said.


“The deputies truthfully reflected the ideas expressed by voters in their constituencies, particularly on the country’s socio-economic situation, the Hanoi-HCM City railway, Hanoi ‘s master plan up to 2030 and its vision for the following twenty years up to 2050.”


However, Dan said reports had failed to single out which organisations or individuals should take responsibility for performance failures.


“During plenary discussions on the express railway, deputies made some valuable comments,” said Nguyen Xuan Phuc, minister and chairman of the Government Office.


Nguyen Van Pha, vice president of the Vietnam Fatherland Front, said the National Assembly’s decision to temporarily delay the implementation of the North-South Express Railway was highly appreciated by voters.


NA Chairman Nguyen Phu Trong said the last meeting had been a great success.


“A key feature of the meeting was the atmosphere of democracy among the deputies,” Trong said.


Also in the morning, members of the NA Standing Committee discussed a plan to celebrate the 65th founding anniversary of the Vietnam National Assembly (January 1, 1946-2011) and a plan to review the performance of the 12th National Assembly, which ends in the middle of next year.


Source: VNA


Source: QDND

Government members to join question and answer session

In Uncategorized on June 8, 2010 at 2:30 pm




Government members to join question and answer session


QĐND – Tuesday, June 08, 2010, 21:1 (GMT+7)

Standing Deputy Prime Minister Nguyen Sinh Hung and Ministers of Finance, Transportation, Agriculture and Rural Development, and Culture, Sports and Tourism are expected to answer National Assembly’s deputies’ questions from June 10-12.


According to Tran Dinh Dan, Head of the NA Office, 160 questions have been sent to the Deputy PM and Ministers.


Although The Minister of Industry and Trade, Vu Huy Hoang, received the largest number of questions, he will not join the session. However, he will give detailed explanations about related issues during the Q&A session.


Deputy PM Nguyen Sinh Hung will focus his answers on the government’s management of the macroeconomy, the sudden increase in prices and the government’s solution to electricity shortage.


Minister of Agriculture and Rural Development Cao Duc Phat is expected to answer questions related to local policies on lending land to foreigners for reforestation.


Vu Van Ninh, the Minister of Finance will answer questions on inspecting the income of groups and state-owned corporations’ leaders.


Minister of Culture, Sports and Tourism Hoang Tuan Anh will focus on the overabundance of festivals.


The Minister of Transport, Ho Nghia Dung, will answer questions on Hanoi’s disconnection of junctions.

Source: VOV

Source: QDND

Food safety debated at NA session

In Uncategorized on June 1, 2010 at 3:47 pm




Food safety debated at NA session


QĐND – Tuesday, June 01, 2010, 22:14 (GMT+7)

The bill on food safety should clarify the specific role and responsibility of State management agencies when dealing with violations of the law for the sake of people’s health, say National Assembly deputies.


While discussing the bill in Hanoi on June 1, the deputies said the bill should focus on the agencies responsible for administering and inspecting food products, given the fact that food safety is critically important to public health.


Deputy Nguyen Thi Bach Mai from Tay Ninh province pointed out that a lot of unsafe food is circulated on the market, and suggested that the bill ban the production and use of packages of unknown origin.


Deputy Pham Thi Thanh Huong from Binh Dinh province noted that many fresh food poisoning cases have been reported across the country, but nobody knows exactly the origin of such fresh food products. She said that all packaged and fresh products should be labelled, clarifying their origin and expiry date.


The deputies proposed that the Ministry of Health, the Ministry of Industry and Trade and the Ministry of Agriculture and Rural Development be the main agencies to monitor, inspect and bear the responsibility for issues relating to food safety and hygiene.


They also suggested tougher punitive measures for law-breakers, including the recall of sub-standard products. They said the recall is a deterrent measure to stop food businesses from circulating bad quality products on the market.


Deputy Huynh Phuoc Long from Tra Vinh province also pointed to the fact that it is difficult for relevant agencies to examine street food stalls, which have mushroomed to cater to the various tastes of local people, employees and passers-by. He proposed that besides local administrations, the Ministry of Health monitor and examine such stalls.


Source: VOV


Source: QDND

7th NA session to focus on legislative programme

In Uncategorized on May 18, 2010 at 5:01 pm




7th NA session to focus on legislative programme


QĐND – Tuesday, May 18, 2010, 20:59 (GMT+7)

The 7th session of the 12th National Assembly will open in Hanoi on May 20, focusing on law building and other important issues during 30 days’ sitting.


The information was released by Vice Chairman of the NA Office Nguyen Si Dung at a press conference in Hanoi on May 17.


Mr Dung said during the session that the NA will adopt 10 draft laws, including the laws on the State Bank of Vietnam (amended), credit organisations (amended), housing and land taxes, child adoption, enforcement of criminal sentences, the efficient and effective use of energy, disabled people, postal service, trade arbitrator and food safety.


Six other draft laws will be submitted to the NA for consideration, including bills on environmental protection tax, inspection (amended), administrative procedures, employees, customers protection and minerals (amended), he added.


The NA will discuss changes to Resolution No. 66/2006/QH11 on national key projects and resolution on the law and ordinance building programme in 2011.


The legislative body will hear and discuss reports on the implementation of 2010 socio-economic development and State budget using plans in the first months of the year, he said, adding that the hearings will focus on a project to build the Hanoi-Ho Chi Minh City express railway and a master plan for construction of Hanoi by 2030 with a vision to 2050.


Source: VOV/VNA


Source: QDND