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State bank governor, agriculture and finance ministers to be quizzed by legislators



The 15th-tenure National Assembly during its third meeting session. — VNA/ Photo Văn Điệp

HÀ NỘI — State Bank Governor Nguyễn Thị Hồng, Minister of Agriculture and Rural Development Lê Minh Hoan, Minister of Finance Hồ Đức Phớc and Minister of Transport Nguyễn Văn Thể will be facing questions from legislators during the ongoing third session of the parliamentary plenary meeting, said the National Assembly’s Standing Committee. 

The Q&A will take place from June 7 to 9.

The committee announced four topics to be discussed in the session, selected based on opinions collected from the NA delegations. 

The first group is agriculture and rural development, with Minister Lê Minh Hoan responsible for answering questions from NA delegates.

The focus will be on organising production in accordance with the consumption market of agricultural produce, coordination in developing trade policies and frameworks, and negotiation and market development for these products.

Other topics of discussion include stabilising the market, managing price, streamlining administrative processes, attracting investment to the agricultural sector, accelerating advanced technology, improving product value, adapting to climate change, and ensuring sustainable development. 

Finance Minister Hồ Đức Phớc will be responsible for the second topic group relating to finance, which will include questions on the implementation of fiscal and monetary policies for socio-economic recovery and development, related to the ministry, price management, public procurement, and inflation control.

Delegates will also discuss the current situation and solutions in equitisation and divestment of State capital, the operation of the capital and stock markets and the recent violations, and solutions to develop a healthy financial market and prevent tax loss. 

The third group of topics concerns the banking sector. State Bank Governor Nguyễn Thị Hồng will answer questions on implementing fiscal and monetary policies for socio-economic recovery and development related to the central bank, incorporating fiscal policies in inflation controlling, and strengthening the macro-economic foundation. 

Other topics include restructuring credit institutions, handling low-capacity commercial banks and bad debts, annual credit limits for commercial banks, and credit management. 

On the topic of transport, Minister Nguyễn Văn Thể will answer questions on progress, quality and wastefulness management in key national traffic projects and the expressway system, supervising State-invested traffic infrastructure, and solutions to the existing problems in build-operate-transfer projects. —



Vietnam looks to become one of Asia’s food innovation hubs



Vietnam aspires to become one of the food innovation hubs of Asia by contributing to expediting the transformation of global food systems, said Ambassador Dang Hoang Giang, permanent representative of Vietnam to the United Nations (UN), at the UN Security Council (UNSC) open debate on Thursday.

During the open debate, which focused on famine and conflict-induced global food security, Giang emphasized that recent reports and discussions at the 43rd session of the UN Food and Agriculture Organization (FAO) Conference in Italy in July highlighted a growing challenge in food security worldwide, the Vietnam News Agency reported.

Despite the recovery observed in various sectors after the COVID-19 pandemic subsided, food insecurity remains a headache in numerous parts of the world, particularly in regions affected by conflicts.

According to Giang, the most effective approach for preventing famine in conflict-affected regions is curbing violence and promoting peace. 

The UNSC should play a more influential role in addressing the root causes of conflicts to mitigate the risks of food insecurity stemming from these conflicts.

The Vietnamese representative urged all parties involved in conflicts to respect the UN Charter and international law.

In addition, Giang suggested that the UNSC should work closely with specialized agencies like FAO, the UN World Food Program, and other international partners. 

Additionally, enhancing cooperation with regional organizations can strengthen food systems’ resilience and ensure the sustainability of global food supply chains.

The Vietnamese diplomat emphasized that food security is not just a goal but a crucial solution for Vietnam’s socio-economic development. 

Vietnam places high importance on the advancement of low-emission and climate-resilient agriculture, aiming to establish itself as a food innovation hub in the region.

Moreover, the country is dedicated to making a positive contribution to global food security by ensuring steady export of rice and other agricultural products and is ready to collaborate with the international community in tackling food insecurity resulting from conflicts.

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Vietnam condemns desecration of Vietnamese flag in Philippines: spokesperson



Vietnam condemns the desecration of its national flag in a protest in front of the Vietnamese Embassy in the Philippines on Tuesday, Pham Thu Hang, spokesperson of the Ministry of Foreign Affairs said at a press conference in Hanoi on Thursday.

The red flag with a yellow star in the center is the national flag of Vietnam, Hang affirmed.

The act of tearing the national flag of Vietnam is an insult to the Vietnamese people and must be strongly condemned, Hang said while answering questions about Vietnam’s response to the protest in front of the Vietnamese Embassy in the Philippines where a group of Filipinos tore the Vietnamese flag.

Vietnam demanded the Philippines strictly deal with the case and take effective measures to prevent similar acts which could affect the thriving strategic partnership between the two countries, the spokesperson added. 

Vietnam and the Philippines are members of the Association of Southeast Asian Nations, or ASEAN.

The two countries established their diplomatic ties in July 1976 and upgraded the relationship to a strategic partnership in 2015.

Their bilateral relations have developed strongly over the past time with two-way trade reaching nearly US$8 billion last year, the highest-ever.

During a visit to Vietnam by Secretary for Foreign Affairs of the Philippines Enrique Manalo on Tuesday and Wednesday, he and Vietnamese Prime Minister Pham Minh Chinh agreed to bolster the cooperation in national defense and security, especially at sea.

The Vietnamese government leader called for the early establishment of more legal frameworks for the two sides’ cooperation in security.

He also suggested the two sides strengthen the collaboration in trade to reach bilateral trade of $10 billion, and weigh removing unnecessary barriers to support each other in ensuring food security.

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Vietnamese state president concludes Europe visit with positive outcomes



Vietnamese State President Vo Van Thuong and his spouse returned to Hanoi on Saturday morning, wrapping up his six-day visits to Austria, Italy, and the Vatican from July 23 to 28 with around 50 activities conducted with positive outcomes.

The visits were made at the invitations of Austrian President Alexander Van der Bellen, Italian President Sergio Mattarella, and Pope Francis.

Vietnamese Minister of Foreign Affairs Bui Thanh Son told the press that the visits reaped successful results, adding that they would help promote the relations between Vietnam and Austria, Italy, and the Vatican.

During the visits, President Thuong and his entourage carried out some 50 activities in various fields.

Both Austrian and Italian leaders affirmed that they regarded Vietnam as a leading important partner in ASEAN and hoped that Vietnam would serve as a bridge between ASEAN and the EU, Minister Son said.

Vietnamese Minister of Foreign Affairs Bui Thanh Son speaks to the press about the outcomes of State President Vo Van Thuong’s visits to Austria, Italy, and the Vatican from July 23 to 28, 2023. Photo: Ministry of Foreign Affairs

Vietnamese Minister of Foreign Affairs Bui Thanh Son speaks to the press about the outcomes of State President Vo Van Thuong’s visits to Austria, Italy, and the Vatican from July 23 to 28, 2023. Photo: Ministry of Foreign Affairs

Regarding Austria, Vietnam has been working to develop the traditional relationship and multi-facet cooperation in general, as well as the high political trust between high-ranking leaders of the two nations in particular, Son remarked.

Both sides agreed on measures to further implement bilateral deals, especially those in the fields of innovation, energy transition, and culture.

The two also agreed to effectively execute the EU – Vietnam Free Trade Agreement (EVFTA), with the EU nation saying that it will soon ratify the EU – Vietnam Investment Protection Agreement (EVIPA) and urge the bloc to remove the ‘yellow card’ warning on Vietnamese seafood.

The yellow card is a kind of warning issued by the European Commission to countries involved in illegal, unreported, and unregulated (IUU) fishing.

Minister Son noted that the Italian Parliament ratified the EVIPA during President Thuong’s visit to this EU nation.

The ratification of the pact is expected to pave the way for both sides to strengthen their cooperation in some potential areas including digital economy, hi-tech, green development, and smart agriculture.

Vietnamese State President Vo Van Thuong, his spouse and a high-ranking delegation of Vietnam pose for a group photo with Pope Francis in the Vatican on July 27, 2023. Photo: Vietnam News Agency

Vietnamese State President Vo Van Thuong, his spouse, and a high-ranking delegation of Vietnamese officials pose for a group photo with Pope Francis in the Vatican on July 27, 2023. Photo: Vietnam News Agency

During his visit to the Vatican, President Thuong met with Pope Francis and Cardinal Pietro Parolin, Secretary of State of the Holy See.

Vietnam and the Vatican agreed to conclude the ‘Agreement on the Status of the Resident Papal Representative and the Office of the Resident Papal Representative in Vietnam,’ marking a significant move in the bilateral ties, Minister Son said.

Pope Francis said that the Catholic Church in Vietnam needs to continue better implementing the vocation of ‘accompanying the nation’ and ‘good Catholics are good citizens,’ adding that Catholics and dignitaries in this Southeast Asian nation should actively contribute to the development of the country and the Church.

The Vietnamese state leader during the visits also met with representatives of the Vietnamese communities in Austria, Italy and Europe, Minister Son noted.

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