Vice Chairman of the National Assembly Phung Quoc Hien. (Photo: VNA)
Hanoi (VNA) - The NationalAssembly Standing Committee gave opinions on the draft law on public debtmanagement (revised) on March 20 in Hanoi.
Minister of Finance Dinh Tien Dung said that the Law onPublic Debt Management set an appropriate legal corridor for socio-economicdevelopment and contributed to offsetting State budget overspending since itwas launched over six years ago.
It helped create investments for crucial fields of the economy via re-lendingof the Government’s foreign capital and the Government’s guarantee.
However, many regulations of the law are no longer consistent with the reality, and haveyet to match with some of provisions of the existing legal system.
Agreeing on the need to revise the law in order to remedy the problems, the NA’s Finance and Budget Committee said itis necessary to examine and complete the scope of adjustments to the law, andprinciples on public debt management and use, and the control of public debtsat safe level, and responsibility of agencies, organisations and individuals inmanaging and using public debt.
Minister Dinh Tien Dung delivered a report, affirmingthat loose management and inharmonious coordination among sectors and agenciesare the reason behind the increase in public debt and overspending.-VNA
The National Assembly’s Law Committee on March 9 convened its fourth plenary session in Hanoi, with debates focusing on examining amendments to the drafted Denunciation Law.
The 8th meeting of the National Assembly (NA)’s Standing Committee opened on March 14 with an agenda full of important contents for the third session of the 14th NA.
Members of the National Assembly Standing Committee (NASC) agreed on March 15 that the revised railway law needs comprehensive regulations that will help revitalise the country’s railway industry.
The eighth session of 14th National Assembly Standing Committee on March 16 turned its agenda toward discussing amendments to the Technology Transfer Law.
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.
Vice Chairman of the National Assembly Phung Quoc Hien. (Photo: VNA) 
