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VIETNAM NEWS HEADLINES JANUARY 12
January 12, 2022 by vietnamnet.vn
Cold weather in northern Vietnam to last for 10 more days The northern region will be hit by a cold snap on January 17 and another on January 20, said the national weather forecasting centre on January 11. The subsequent cold spell will cause temperatures to fall to a low of 13 degrees Celsius in the plain and below 10 degrees Celsius in the mountainous area. The cold air fronts to be accompanied by low trenches in the upper westerly wind zone will bring rain to parts of the northern region, with common rainfall climbing as high as 30-60mm or even higher in some places. The current cold spell that hit the northern region early on January 11 are causing temperatures to plummet to 10 – 13 degrees in the mountainous localities and 13 – 16 degrees in the plain. Hanoi remains cold on January 11-12, with common temperatures ranging from 11 to 13 degrees. PM urges faster COVID-19 vaccination, stronger anti-pandemic measures Prime Minister Pham Minh Chinh demanded COVID-19 … [Read more...] about VIETNAM NEWS HEADLINES JANUARY 12
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NA Standing Committee's 7th session to open on January 18 The National Assembly (NA) Standing Committee will hold its 7th session in Hanoi on January 18 and 19, according to the NA Office. NA Chairman Vuong Dinh Hue is expected to deliver an opening speech and take turn together with his deputies to chair the event. At the function, the committee will consider and give opinions regarding proposals related to the draft revised Law on Emulation and Commendation; as well as the NA's draft resolution on piloting the model of labour organisation, career counseling, and vocational training for prisoners outside prisons as part of the 2022 law and ordinance building programme. It will also decide on the implementation of the jury's trial attire. Meanwhile, lawmakers are expected to comment on additions to the foreign capital investment plan from the unallocated capital; and adjustments to the medium-term public investment plan for 2021-2025. The committee will discuss a report on … [Read more...] about VIETNAM NEWS HEADLINES JANUARY 17
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Techcombank named the most active market maker for government bonds
January 17, 2022 by vir.com.vn
Techcombank was named the most active market maker for government bonds Techcombank has received this recognition for two consecutive years. Accordingly, the bank is the most active when it comes to developing and issuing government bonds, thereby boosting liquidity in the Vietnamese market. The MoF releases the list annually with the goal to honour market makers who have contributed to the development and issuance of government bonds in order to increase market liquidity. This is one of the most prestigious rankings when it comes to assessing the ability of domestic financial institutions to raise funds for the state budget. Accordingly, 17 organizations have been identified as market makers in 2021. On the list are 13 banks and four non-banking financial institutions. Government debt instruments include bonds, bills, national construction bonds, and other instruments issued by the government. This is the most important medium and long-term capital mobilisation channel for … [Read more...] about Techcombank named the most active market maker for government bonds
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HCM City now becomes COVID safe zone Ho Chi Minh City, the epicenter of the recent COVID-19 outbreak, has lowered its COVID-19 alert level to green – the lowest in the four alert level system adopted by the Ministry of Health. According to a decision, signed on January 8 by Duong Anh Duc, vice chairman of the municipal administration, 18 local districts have now turned green on the municipal COVID-19 map, while District 1, 10 and Binh Thanh and Thu Duc city remain in Level 2. Currently the city has recorded no more than 500 infections daily compared to 14,000 – 15,000 cases during the height of the outbreak in August – September 2021. The daily number of deaths has also dropped significantly from more than 300 in August 2021 to approximately 20 at present. Vietnam sees decline in number of guest workers The number of Vietnamese people going to work abroad decreased over the last two years as a result of the COVID-19 pandemic, according to the Department of Overseas … [Read more...] about VIETNAM NEWS HEADLINES JANUARY 10
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'Fines don't concern me': 'mega' company CEO speaks up after dissolution
January 17, 2022 by e.vnexpress.net
Nguyen Vu Quoc Anh, CEO and the legal representative of the Ho Chi Minh City-based company, told VnExpress on Sunday the fine "would not be much", and he is not ashamed as he had dared to think of such big plans. "I am the one who started all this. The pioneer often receives criticism but after this someone will learn from me and achieve bigger success." Auto Investment Group, registered as a computer programming company, made headlines last May when Anh tried raising VND500 trillion in capital, or 6 percent of Vietnam's 2021 GDP, far exceeding the market cap of Vietnam's biggest companies like Vingroup, Vietcombank and Hoa Phat Group. The company recently announced its dissolution . The punishment for a company failing to mobilize the registered capital after 90 days is at most VND100 million. "The company actually stopped operating since September last year. Now we are working with tax authorities to complete procedures for dissolution," he said. After dissolving the … [Read more...] about 'Fines don't concern me': 'mega' company CEO speaks up after dissolution
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