Appointment decision presented to new governor of central bank
Prime Minister Nguyen Xuan Phuc on November 16 presented the State President’s decision to appoint Nguyen Thi Hong as the Governor of the State Bank of Vietnam (SBV).
Prime Minister Nguyen Xuan Phuc (R) hands over the State President’s decision to Nguyen Thi Hong on November 16 (Photo: VNA)
Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc onNovember 16 presented the State President’s decision to appoint Nguyen Thi Hongas the Governor of the State Bank of Vietnam (SBV).
At the event, PM Phuc highly valued the SBV’sproactive, drastic and timely actions to assist people and businesses hit bythe COVID-19 pandemic such as debt repayment deadline extension, interestreduction, and fee exemption.
He asked the new governor to build on herpredecessors’ achievements and lead the banking sector to fulfill its duties.
The SBV needs to push ahead with efforts toensure the control of inflation, macro-economic stability, and stable value ofthe domestic currency. It also has to increase inspection to guarantee thebanking system’s safety, curb the increase of non-performing loans (NPLs),address the existing NPLs, and apply modern technology to develop bankingproducts and services.
For her part, Hong thanked leaders of the Party,State, National Assembly, and Government for entrusting the position to her,pledging to help the central bank fulfill its tasks.
Earlier, the parliament had approved her forthis position.
Hong, 52, is the 15th Governor of the SBV andalso the first woman to hold this post in the history of Vietnam’s bankingsystem./.
Commercial banks should diversify their loan products, lower interest rates and simplify procedures to improve accessibility to official credit channels in an effort to keep people away from illegal sources, Deputy Governor of the State Bank of Vietnam Dao Minh Tu said.
The Politburo has assigned Le Minh Hung, member of the Party Central Committee and Governor of the State Bank of Vietnam (SBV) as Chief of the Party Central Committee’s Office.
The National Assembly (NA) on the afternoon of November 11 relieved Chu Ngoc Anh and Le Minh Hung from their respective positions of Minister of Science and Technology and Governor of the State Bank of Vietnam, during the ongoing 10th session in Hanoi.
The 14th National Assembly (NA) approved the appointment of the Minister of Science and Technology, the Minister of Health, the Governor of the State Bank of Vietnam, and three judges of the Supreme People’s Court on the morning of November 12 during its ongoing 10th sitting in Hanoi.
The trip will be made at the invitations of Chinese Premier Li Qiang and WEF President and CEO Børge Brende, according to an announcement from the Ministry of Foreign Affairs.
Long spoke highly of the dynamic, positive, and comprehensive development of Vietnam – Russia relations in recent years. He affirmed that the Vietnamese Party and State place great importance on further strengthening the comprehensive strategic partnership with Russia in a substantive and effective manner, in line with the development needs of both nations.
At the conference, participants reported that the Government has so far issued 28 decrees on the delegation of responsibilities and powers between the central Government and two-tier local administrations. Several localities have already piloted the new governance model.
Reality is the ultimate benchmark for success, he said, urging drafting agencies to work out policies that foster development, reduce bureaucratic hurdles, and respect practical conditions.
Under the official dispatch signed on June 20, ministers, heads of ministerial-level agencies, and chairpersons of provincial and municipal People’s Committees are requested to concentrate efforts on implementing core measures to ensure the smooth operations of the new administrative framework.
The Party chief underscored the need for the press to innovate relentlessly, evolve to keep pace with the country's development, transform into a truly professional, humanistic, and modern sector that serves the cause of the Party, the State, and the people on the path to national construction and development.
The UN Secretary-General praised Vietnam’s remarkable achievements in socio-economic development and international integration in recent years, noting that the country has emerged as a model in implementing the Sustainable Development Goals (SDGs), promoting international peace and security, and engaging in key UN processes.
Nghia affirmed that this is a milestone of special significance, affirming and honouring the the Vietnamese revolutionary press’s glorious tradition of 100 years of serving the revolutionary cause of the Party, serving the Fatherland, and serving the people.
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.
Prime Minister Nguyen Xuan Phuc (R) hands over the State President’s decision to Nguyen Thi Hong on November 16 (Photo: VNA) 
