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Posts Tagged ‘State’

State hospital officials can work for private clinics overtime

In Uncategorized on January 8, 2011 at 4:24 am

According to the Law on Medical Treatment, medical officials are allowed to establish private clinics and work overtime at these clinics, which operate in line with the Unified Enterprise Law and the Cooperatives Law.

Hoan My private hospital attracts many medical workers from public hospitals.

The Ministry of Health has announced the new law which will take effect as of January 1, 2011. Medics, however, must be licensed to practice the business.

According to deputy health minister Nguyen Thi Xuyen, the highlight of the Law on Medical Treatment is to increase the medical workers’ professional skills and to meet the increasing demand for medical check-ups and treatment.

A previous regulation on medical examination and treatment stated that individuals and organizations in public hospitals are allowed to work in private clinics until December 31, 2010.

The regulation aimed to prevent medical workers from neglecting their duties in public hospitals.




Source: SGGP

State Bank goes after counterfeit currency

In Uncategorized on January 8, 2011 at 4:11 am

State Bank goes after counterfeit currency

QĐND – Saturday, January 01, 2011, 21:5 (GMT+7)

The State Bank of Vietnam (SBV) has approved a project to prevent the circulation of counterfeit money.

The 10 billion VND (500,000 USD) two-phase project will also help raise awareness among the public about security features on bank notes and how to identify counterfeit money.

In the first phase from 2010 to 2012, the project will focus on training banking staff, producing documents on the issue and conducting surveys.

In the second phase from 2013 to 2015, the project will provide further training to banking staff as well as treasury accountants and cashiers.

The project will also be broadcast through the mass media, with instructions on what to do if someone passes fake money and the methods counterfeit money dealers use to help prevent circulation in banks and the market.

Source: VNA

Source: QDND

US cannot accept China military power: state media

In Uncategorized on January 8, 2011 at 4:10 am

BEIJING, Jan 7, 2011 (AFP) – China will eventually have a military powerful enough to compete with the United States, state media said Friday ahead of the visit of US Defence Secretary Robert Gates.

The claim in a newspaper editorial followed reports that China had completed a prototype of a stealth fighter and after a top US military official said Beijing was stepping up efforts to deploy a “carrier-killer” missile system.

“Whether the reported new weapons are true or not, in the long run, China will own first-class weapons that are capable of competing with the US war machine,” said the Global Times, known for its nationalist tone.

Chinese Foreign Minister Yang Jiechi (R) meets with UN Secretary General Ban Ki-Moon at the United Nations headquarters in New York, January 6, 2011. AFP

Gates arrives in China on Sunday to smooth over tense defence relations between the two countries — one year after Beijing cut military ties with Washington in protest against US arms sales to rival Taiwan.

“Apparently, the US is not ready to treat China as a major power. They cannot accept the fact that China will sooner or later possess a first-class military,” the editorial said.

“They are too used to the old power structure, in which China and other developing countries have long been treated unfairly.”

In an interview last week with a Japanese newspaper, the head of the US Pacific Command Admiral Robert Willard said China was pushing development of “carrier-killers” and aimed to project its influence beyond its regional waters.

US military analysts have warned China is developing an anti-ship ballistic missile — a new version of its Dongfeng 21 missile — that could pierce the defences of even the most sturdy US naval vessels and has a range far beyond Chinese waters.

Whereas Gates’s Chinese counterpart Liang Guanglie has said that China will push forward with modernisation of its military thanks to a booming economy, the United States is facing major cuts.

Citing “dire” fiscal pressures, Gates on Thursday proposed deeper cuts than planned in US military programmes, scaling back ground forces for the first time since the 1990s.

Gates, in a compromise with the White House, said the 78 billion dollars in cuts and other measures would result in a slower pace of growth in defence budgets over the next five years, despite earlier plans to keep spending at a higher rate.

China has long described its military build-up as “defensive” in nature but top armed forces officials have recently made increasingly strong statements about its quest for a powerful military. 

Source: SGGP

Market economy and State management

In Uncategorized on December 21, 2010 at 9:29 am

Market economy and State management

QĐND – Monday, December 20, 2010, 21:49 (GMT+7)

Vietnam’s socialist-oriented market economy has been operating according to both the market mechanism and administrative regulations.

In early 2010, while the world economy was still in a fix to bounce back, the Vietnamese Party, National Assembly and Government worked out solutions to help the national economy recover from the global economic slowdown. 

Methods included tightening public expenditure, implementing a stimulus package, increasing exports, encouraging domestic consumption, and improving social welfare, which helped stabilize the country’s socio-economy.

Over the past year, the prices of gold and foreign currency have seen fluctuations due to not only the world’s law of supply and demand but also speculation and rumours in the domestic market.

To deal with the problems, the State bank of Vietnam (SBV) introduced effective policies to clean up the gold trading market by allowing gold import, reducing gold import taxes, adjusting exchange rates, and publicizing the national foreign exchange reserve. These policies helped reduce the gold price instability and stabilize the price of foreign currency.

At the end of the year, while the Government is making every effort to curb inflation, many commercial banks joined a race to increase interest rates, creating a more complicated situation in the banking sector.

In response to the banks’ decisions, the Government and SBV imposed administrative measures to control the race. The Ministry of Finance and Industry and the Ministry of Industry and Trade also took the initiative to control prices by deciding not to raise prices of coal, electricity, petrol and oil until the Lunar New Year Festival.

Over 2010 many lessons were learned from the management of the socialist-oriented market economy.

Firstly, the socialist-oriented market economy offers an option for the Government to use policy to intervene in specific economic issues, making the economy more transparent, in accordance with the law of supply and demand. All experts and strategists need to do is to analyse the situation and propose effective measures to the Government.

Secondly, as important social and political events are about to take place in Vietnam and the Lunar New Year Festival is drawing near. Vietnam needs to be more active in stabilizing prices and introducing administrative measures to prevent price fever.

Thirdly, the Government should keep a close watch on the market to introduce proper policies. For example, the price-stabilising fund should be used to help businesses reserve commodities to meet consumer demand in both urban and rural areas.

Fourthly, the market management policies should be transparent and consistent to enhance social unanimity.

Lastly, Vietnam should uphold the active role of mass media to help stabilise the market by providing information and analyzing the market situation, as well as pointing out the deception of those who want to play on the market. This will also help minimize the negative impact on the market created by the mass media.

Despite being adversely affected by the world’s economic downturn and Europe’s debt crisis, Vietnam is expected to see a significant economic growth rate in 2010 with foreign investment remaining high. These achievements are attributed to the State’s effective management of the economy based on the law of the market.

Source: VOV

Source: QDND

State Bank tries to prevent banks from increasing their interest rates

In Uncategorized on December 16, 2010 at 10:04 am

The State Bank of Vietnam has ordered its branches to monitor all other banks that have an interest rate higher than 14 percent a year.

The State Bank is trying to prevent banks increasing interest rates

On Wednesday, Vietnam Technological and Commercial Joint Stock Bank (Techcombank) raised its one month interest rate to 17 percent per year, which will apply from 8-10 December with deposits of more than VND100 million.  As soon as this happen, other joint stock banks, also changed their interest rates to 17.5 and 18 percent a year.

Specifically, the floating interest rate of 36 month deposit of a bank was rebounded up to 18 percent a year, for all deposits over VND5 million.

Ho Huu Hanh, director of the State Bank of Vietnam in Ho Chi Minh City, said he has asked four delegations to investigate the banks about the skyrocketing interest rate.

This discision immediately made some banks reduce their interest rate from 17-18 to 14 percent a year.

An official from Techcombank said, “That it had not increased the interest rate of savings deposit to 17 percent, but it was only a promotional program for those long term customers”.

Furthermore, the State Bank in Hanoi has expressed their disagreement with the rising interest rate, saying it that it gave some banks an unreasonable advantage, which may lead to unfair competition.

Techcombank’s action had lead to a movement of deposits from other banks, forcing them to elevate their interest rates.

Meanwhile, Nguyen Duc Vinh, general director of Techcombank, admitted his bank had not being able to anticipate this affect, and has promised to cancel the program.

After the meeting, thousand of banks, agreed to lower their rate to 14 percent a year.

A spokesperson from the State Bank said, “The inflation rate this year will not exceed 12 percent, so, there is no reason for banks to raise their interest rate to 17-18 percent a year”.

In a related move, the State Bank has pledged to provide loans to smaller banks. All these banks require is to present their credit contracts, to the State Bank, to approve their for loans.

However, a joint stock bank’s leader said, “Some small banks are afraid to borrow capital, because they will be closely monitored by the State Bank, and this will lead to the larger banks raising their interest rates again”.

Source: SGGP

State President receives Head of the Office of the President of Mongolia

In Uncategorized on November 25, 2010 at 5:20 pm

State President receives Head of the Office of the President of Mongolia

QĐND – Thursday, November 25, 2010, 20:55 (GMT+7)

State President Nguyen Minh Triet received the Head of the Office of the President of Mongolia, Dashjamts Battulga, in Hanoi on November 25 at the invitation of Head of the State President’s Office Nguyen Van Chien.

State President Triet praised the visit by Mr Dashjamts Battulga, emphasizing that the meeting will make an important contribution to promoting the Vietnam-Mongolia relationship and map out future plans for cooperation between the two offices .

President Triet expressed delight at the traditional friendship between the two countries which has been maintained and developed. Both sides have cooperated to implement some high-level agreements, conduct the exchange of delegations and devise concrete measures to make economic cooperation more effective and practical. He expressed hope that both nations would continue to promote economic cooperation for mutual development and improve people’s living standards.

For his part, Mr Dashjamts Battulga briefed President Triet on the results of the talks between the leaders of the two offices and plans to make further contributions to the development of Vietnam-Mongolia relationship. He affirmed that Mongolia wished to develop relations with ASEAN nations, including Vietnam. Mongolia highlighted Vietnam’s role and status within the region, especially the country’s success as the ASEAN President. Mr Dashjamts Battulga emphasized that the official visit by President Triet in October 2008 gave a fresh impetus to develop the relationship between the two nations, especially to achieve fruitful developments in cooperation in such fields as economics, trade, education and health.

At the 14th session of the inter-governmental committee for cooperation in economics, trade and science and technology recently, both nations devised measures to expand relations and cooperation.

The same day, at the Presidential Office, Head of the State President’s Office Nguyen Van Chien held talks with his counterpart and both leaders signed a cooperative agreement between the two offices.

Source: VOV

Source: QDND

State to fund trade promotions

In Uncategorized on November 24, 2010 at 6:21 am

State to fund trade promotions

QĐND – Tuesday, November 23, 2010, 20:54 (GMT+7)

At least half of the total cost for national trade promotion programmes is to be funded by the State budget.

The funding – part of a newly-issued prime ministerial decision – will be spent on all trade promotion programmes intended to develop exports and further exploit the domestic market, especially in mountainous, border and island areas.

Under the decision, the development of networks for the distribution of domestic goods and services to the highlands, border zones and islands will be fully funded by the State budget.

In addition, the State will provide complete funding for programmes to advertise and promote the consumption of Vietnam’s goods, especially agricultural produce, in those regions.

The Prime Minister has approved a plan to disburse about 16 billion VND (842,000 USD) from the State budget on trade promotion programmes in border regions this year, said deputy director of the Ministry of Industry and Trade’s Mountainous Area Trade Department Nguyen Van Hoi.

Under the newly-issued decision, funding will also be made available for overseas fact-finding trade missions; international export expos in Vietnam; the examination and research of the domestic market; building a goods-and-services database; short-term business training courses and the forming of retail networks.

Seventy percent of the costs for trade information, market research and the establishment of databases for key export markets will be covered by the decision.

Programmes intended to promote Vietnam’s goods and services in rural and urban areas as well as industrial zones will be entitled to the same aid.

Exhibitions of materials and equipment for agricultural and rural development will be entitled to 50 percent of organisational costs.

Minister of Industry and Trade Vu Huy Hoang said that there had been 56 national trade promotion programmes costing 72 billion VND (3.7 million USD) approved this year.

Source: VNA

Source: QDND

State Vice President welcomes Lao students

In Uncategorized on November 24, 2010 at 6:19 am

State Vice President welcomes Lao students

QĐND – Tuesday, November 23, 2010, 20:54 (GMT+7)

State Vice President Nguyen Thi Doan on November 22 received a delegation of 19 former Lao students who had studied and undertaken research in Vietnam.

The Vice State President applauded the visit, which took place on the occasion of Vietnam Teachers’ Day (November 20), saying that it revealed the former Lao students’ deep sentiments towards their Vietnamese teachers.

Mrs. Doan thanked the Lao Party, State and people for their valuable support for Vietnam during the struggle for national independence in the past as well as the current national construction and defence.

She said she was pleased with the fact that the former Lao students are now holding important positions in various fields in their country.

The former Lao students’ successes are significant gifts for Vietnamese teachers, she said, adding that they also act as a bridge for strengthening the Vietnam-Lao special friendship and comprehensive cooperation.

On behalf of the former students, Somkot Mangnomek, Party Committee Secretary and Mayor of Xieng Khouang province, expressed thanks to the Vietnamese Party, State and people for training thousands of Lao students, a remarkable human resource for the development of the Lao country.

The former Lao students said they were moved to return to Vietnam, which is considered their second homeland, by their unforgettable memories of Vietnamese teachers and friends.

They affirmed that whatever positions they hold, they would always look towards Vietnam, wherever they had lived and studied, and would try their best to foster the special friendship and solidarity between Vietnam and Laos.

On the occasion, State Vice President Doan presented the Friendship Order offered by State President Nguyen Minh Triet to Somkot Mangnomek for his important contributions to consolidating and developing Vietnam-Laos ties.

Source: VOV

Source: QDND

State Bank pours more capital into interbank system

In Uncategorized on November 15, 2010 at 2:31 pm

State President Nguyen Minh Triet attends APEC 18

In Uncategorized on November 11, 2010 at 1:55 pm