PM chairs meeting of National Steering Committee for Comprehensive Finance
The domestic financial market has developed rapidly with outstanding results on the basis of cutting-edge technologies, Prime Minister Pham Minh Chinh said at a meeting of the National Steering Committee for Comprehensive Finance in Hanoi on August 6.
Prime Minister Pham Minh Chinh speaks at the meeting (Photo: VNA)
Hanoi (VNA) – The domestic financialmarket has developed rapidly with outstanding results on the basis ofcutting-edge technologies, Prime Minister Pham Minh Chinh said at a meeting ofthe National Steering Committee for Comprehensive Finance in Hanoi on August 6.
Banking services have also made quick progress,catching up with the development of the international market, according to thePM, who is also head of the committee.
However, shortcomings still remain during theimplementation of comprehensive finance, he said, adding that residents inrural and remote areas still find it hard to access financial sources.
Black credit has remained public concern andagencies and organisations have yet to coordinate concertedly and effectivelyin the implementation of comprehensive finance, the leader pointed out.
He noted that the Government issued Decision No.149/QD-TTg on the approval of a national strategy on comprehensive finance by 2025with a vision towards 2030.
The strategy sets out viewpoints, targets, tasks andsolutions to accelerate the access and use of financial products and services forall people and businesses, he continued.
The issuance of the strategy reflects the Party’sand the State’s consistent policy on boosting comprehensive growth towards sustainabilityin the long-term, and ensuring the harmony between economic growth, socialprogress and equality and environmental protection, the PM stressed.
The meeting looked into the implementation of thestrategy over the past time, and updates on the situation to better the work./.
A working delegation of the Ministry of Finance led by Minister Ho Duc Phoc is paying a working visit to Germany from July 9-13, with the aim of exchanging experience in public finance management towards green growth, and boosting bilateral cooperation in finance.
Vietnam’s process manufacturing sector has to date attracted 252 billion USD in foreign direct investment (FDI), accounting for nearly 60% of the total foreign capital poured into the Southeast Asian country.
Vietnam needs to develop a strong domestic banking and financial sector that can provide a guaranteed funding base for decarbonising the oil economy, Kanni Wignaraja, UN Assistant Secretary-General and UNDP Regional Director for Asia and the Pacific, told the Vietnam News Agency (VNA) on July 29.
The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
Under the leadership of President Ho Chi Minh and the CPV, President Cuong said, the press has been a steadfast force on the ideological and cultural front, rallying the masses to pursue national aspirations.
NA Chairman Tran Thanh Man stressed the need to accelerate the application of artificial intelligence and smart teaching equipment, innovate teaching and assessment methods, and further improve the quality of formal education.
He also pledged that the NA will promote its ongoing supervision, making sure that every promise must lead to results, and every commitment must bring about real changes.
Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
The show, together with a grand parade to be held silmutaneously at Ba Dinh Square in Hanoi, will celebrate the 80th anniversary of the August Revolution, the National Day, and the General Staff of the Vietnam People’s Army (VPA).
In particular, in April 2023, the two sides successfully carried out a joint operation that dismantled a major organised, transnational drug trafficking ring involving both Vietnamese and Cambodian suspects.
The Vietnamese Embassy in Israel is closely coordinating with relevant local agencies to stay informed and provide the utmost support possible for Vietnamese nationals.
The launch of Thanh Nien (Young People) newspaper in 1925, even before the founding of the Communist Party of Vietnam, is considered a testament to President Ho Chi Minh’s strategic foresight and strong belief in the guiding power of the revolutionary media.
New Zealand is currently one of Vietnam’s most important partners in the region, marked by a high level of political trust, strong and reliable defence and security cooperation, and increasingly open economic, trade, and investment ties.
Party General Secretary To Lam stressed that the Central Public Security Party Committee must be fully aware of the extremely important role of the People's Public Security force in the country's new revolutionary phase, so as to guide each branch and level of the force as the nation undergoes transformation.
Addressing concerns over university education spending, Son explained that as public universities gain greater autonomy, the Ministry of Finance has scaled back recurrent state funding. “Over the past decade, as autonomy has increased, the State's support has steadily declined”, he noted
Lao Minister of Foreign Affairs Thongsavanh Phomvihane affirmed that the presence of Vietnamese press offices in Laos vividly demonstrates the great friendship, special solidarity, and comprehensive cooperation between the two nations, as the press is not only a means of communication but also an important bridge for spreading consciousness about the history, values, and strategic depth of the Laos – Vietnam relationship to the people of both countries and the international community.
The country is willing to participate in collective efforts to promote cooperation and mobilise resources to advance the current priority issues of developing countries, such as trade, investment, infrastructure connectivity, making the most of scientific and technological advances for development, and people-to-people exchanges, Hang said.
During the negotiations, the US highly evaluated Vietnam’s goodwill and efforts, affirmed its appreciation for the bilateral relationship, acknowledged Vietnam’s proposals and concerns, and considered these an important basis for continuing discussions and moving towards a final agreement.
The Chairman stressed the need for stricter fiscal discipline, faster digital transformation, and more efficient management of State budget revenues and expenditures.
Prime Minister Pham Minh Chinh speaks at the meeting (Photo: VNA) 
