Chairwoman of the Vietnam Bond Market Association Nguyen Thi Kim Oanh (Photo: VNA) Hanoi (VNA) - In recent years, the Government bond market has become an important capital mobilisation channel for Vietnam. However, the scale of the country’s bond market is modest compared to national economic scale and to other regional countries. Nguyen Thi Kim Oanh, chairwoman of the Vietnam Bond Market Association (VBMA), speaks to Vietnam News Agency about proposals to make the Government bond market more attractive. According to a report of the Hanoi Stock Exchange (HNX), Government bond mobilisation dropped sharply last year in terms of value against 2017. What were the main reasons for this? The total value of Government bonds issued last year stood at 196.8 trillion VND (8.46 billion USD), a year-on-year reduction of 19.35 percent. The main cause of reduction in value of Government bond mobilisation came from slow disbursement of public investment. According to the Ministry of … [Read more...] about Vietnam needs a better Government bond market
Why is government important
In recent years, the Government bond market has become an important capital mobilisation channel for Viet Nam. However, the scale of the country’s bond market is modest compared to national economic scale and to other regional countries. Nguyen Thi Kim Oanh, chairwoman of Viet Nam Bond Market Association (VBMA), speaks to Vietnam News Agency about proposals to make the Government bond market more attractive. According to a report of Ha Noi Stock Exchange (HNX), Government bond mobilisation dropped sharply last year in terms of value against 2017. What were the main reasons for this? The total value of Government bonds issued last year stood at VND196.8 trillion (US$8.46 billion), a year-on-year reduction of 19.35 per cent. The main cause of reduction in value of Government bond mobilisation came from slow disbursement of public investment. According to the Ministry of Finance, disbursement by ministries, sectors and departments at central and local administrations in the first 11 … [Read more...] about Việt Nam needs a better Government bond market
Officials from the Hà Nội Securities Commission (HNX) said the derivatives transaction numbers averaged 78,800 per session, seven times higher than the number in 2017. — Photo tinnhanhchungkhoan.vn On the first day of the new year the Government issued Resolution No 01/NQ-CP/2019 for the robust development of the securities market, especially the derivatives segment. In 2018 the VN-Index was down 9.3 per cent, which created an opportunity for the derivatives segment to come into its own. Officials from the Ha Noi Securities Commission (HNX) said the derivatives transaction numbers averaged 78,800 per session, seven times higher than the number in 2017. The open interest numbers were consistently rising, reaching 21,635 contracts by year-end, 2.7 times last year’s figure. Open interest is the total number of options and/or futures contracts that are not closed or delivered. Experts said the main reason for the derivatives market’s strong growth last year … [Read more...] about Government set to develop derivatives market
Recently, making full use of situational developments in the region and world, particularly territorial disputes related to Vietnam’s sovereignty in the East Sea (South China Sea), some Western countries-based press and media as well as websites posted articles and reports on the internet distorting the Vietnamese Party and State’s foreign policy. Additionally, a number of individuals and groups acted as “patriots” or “fighters for human rights and democracy” wrote articles and spread them on social networks, claiming that Vietnam is treading a tightrope in relations with major powers. They argued that Vietnam must “escape” from China and enter into military alliance with a major military power so as to maintain its sovereignty over the seas and islands. They also criticized Vietnam’s defense policy “Three Nos” (no military coalition, no military allies, no foreign military bases in the country), saying that the country … [Read more...] about It is absurd to criticize Vietnam’s foreign policy
Dr. Đỗ Văn Quân from the Việt Nam Academy of Social Sciences talks to Khoa học & Đời sống (Science & Life) newspaper on how to utilise social network properly. Trương Quang Nghĩa, Secretary of the Đà Nẵng City Party Committee has recently said that nowadays many Government officials have shied away from social networks, especially Facebook. As a researcher on the role of social counter-arguments on the mass media, how do you respond to this? I highly appreciated what Nghĩa has said. This is an indication that he has acknowledged the role of social networks in our society nowadays. It is undisputable that social network nowadays is a fruit of the civilisation of mankind. And that trend will become more and more popular in the fourth industrial revolution. All rank and file people have opportunities to approach the trend and be influenced by it. In my opinion, in our society, a group of … [Read more...] about Should Government officials use the social network?
Viet Nam News Farmers are suffering a paradox of “good crop but prices drop” with one of main reasons being weak application of post-harvest technology. Associated Prof. Dr. Nguyễn Thị Bích Thủy, head of the post-harvest technology section of the Việt Nam Agriculture Academy, talks with Kinh Tế Việt Nam và Thế Giới (Việt Nam and World Economy) Magazine about the issue. Could you explain the important role of post-harvest technology in agricultural production, especially for Việt Nam – a country with an advantage edge of exporting agricultural products? Việt Nam’s agricultural products have lots of potential. Some products were on top of the world exporting list. However, Việt Nam’s current post-harvest technology has been lagging behind. The post-harvest losses were still high, about 12-15 per cent to grain products, and 25-30 per cent to fruits and vegetables, even … [Read more...] about Post-harvest technology is lagging behind
After stopping car exports to Viet Nam for more than a month, Japanese auto giant Honda Motor suddenly decided to import around 2,000 vehicles from Thailand in early March. — Photo tuoitre.vn After stopping car exports to Viet Nam for more than a month, Japanese auto giant Honda Motor suddenly decided to import around 2,000 vehicles from Thailand in early March. This is the first batch of automobiles exempt from import tax under the ASEAN Trade in Goods Agreement (ATIGA) to be imported into Viet Nam. ASEAN groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Viet Nam. Ly Thanh Binh, head of customs at HCM City’s Hiep Phuoc Port, confirmed that Honda cars including Jazz, Accord, CR-V and Civic were unloaded at the port on March 1. The vehicles will be sold in one or two months after they undergo several mandatory tests as part of the customs clearance process. In January, Toyota Motor and Honda decided to suspend exports to … [Read more...] about Floodgates could open as Honda imports cars
A number of tourists and expats in Vietnam have shared their thoughts on traffic safety in the country following a request made by Tuoi Tre News in the wake of hundreds of driving-related causalities recorded during the Lunar New Year holiday. Anything can happen when driving in Vietnam It appears that the Vietnamese attitude towards driving is completely different than my impression on the Vietnamese attitude towards beauty, friendliness and strong family ties. In traffic it seems as if the prevailing attitude is, “me, me, me” or “ I'll do whatever I want, and you should be responsible for not hitting me, no matter what stupid, dangerous and selfish thing I do.” I feel that it is much more dangerous to drive in Vietnam than the USA and other countries in the developed world. The reason for this is that Vietnamese drivers often ignore traffic regulations and do whatever they want. This includes driving against traffic, not stopping at red lights and not … [Read more...] about How safe is it to drive in Vietnam?
Nhân dân newspaper talked to some Vietnamese experts about the advantages of the digital economy in the course of applying the fourth industrial revolution. Nguyễn Bá Ân, secretary general of the National Council for Sustainable Development and Competitiveness Improvement At present many countries in the region have carried out their digital strategy including Việt Nam. But China and Singapore are the two leading nations. In our country, an e-Government system was launched several years ago, but the national system still needs further improvements. More recently, Prime Minister Nguyễn Xuân Phúc signed a decree on advancing the campaign to bring Industry 4.0 to life. But I’m sorry to say there remain many things to be done. When we talk about the digital economy, for many Vietnamese, that economy seems alien. But in real life, the internet of things has penetrated all corners of our socio-economic life. The foundation for … [Read more...] about Digital economy is the future for Việt Nam
>> Cement firms advised to downgrade coal Deputy Minister of Construction, Nguyen Tran Nam, has denied domestic cement redundancy in an interview with DTiNews. Seeking export markets does not mean cement overproduction The topic was an item of discussion among many National Assembly (NA) deputies at the on-going NA session. Many NA deputies said that the power sector has become the victim of many other industrial sectors, including cement. What is the ministry’s viewpoint of this?The Ministry of Construction has reviewed the claims. We found that production of one million tonnes of cement consumes over 98 kWh of electricity. The national total cement output of 50 million tonnes will consume some 4.9 billion KWh of electricity this year.The cement industry will account for a mere 5.7% of the forecasted national total power consumption of 85 billion KWh in 2010.The rate of 5.7% is not very high for the … [Read more...] about MoC rules out possibility nation is overproducing cement