Lawmakers discuss special financial, budget mechanism for Hanoi
Many lawmakers on June 9 agreed that a resolution piloting some special financial and budget mechanisms and policies should be promulgated for Hanoi to enable its stronger development, while discussing in groups at the ongoing ninth session of the 14th National Assembly.
Hanoi (VNA) – Many lawmakers on June 9 agreedthat a resolution piloting some special financial and budget mechanisms andpolicies should be promulgated for Hanoi to enable its stronger development,while discussing in groups at the ongoing ninth session of the 14th NationalAssembly.
However, in the context of socio-economicdifficulties caused by COVID-19, legislators held that the mechanisms should bebuilt in accordance with the country’s general development trends as well asthe State budget balance.
According to the Government draft contents ofthe resolution, the ceiling of debts would be increased from 70 percent to 90percent in the principle that the capital city must ensure its solvency.
The city would be allowed to use the financialreserve fund to invest in infrastructure. It must ensure the recovery of themoney within 36 months.
It would also be allowed to use the remainder ofthe salary reform source to spend on development investment projects andimplement social security systems and policies.
The city could use regular funding of severalunits for investment purposes in small-scale and capital construction projects.
Regarding the authority to decide on the supplementationand increase on charges and fees, the Committee for Finance and Budget agreedwith the Government’s proposal on allowing the city to increase charge ratesbut not exceeding 1.5 times compared to current levels for all types ofcharges.
The specific increase on charges and fees wouldbe decided by the city People's Council based on the practical demand andconsent of the people./.
The National Assembly Standing Committee resumed its 45th session on June 1, and adopted a resolution stipulating principles, criteria and quota for the allocation of public investment using State budget in the 2021-2025 period.
Lawmakers are scheduled to vote for resolutions ratifying the European Union (EU)-Vietnam Free Trade Agreement (EVFTA), and the EU-Vietnam Investment Protection Agreement (EVIPA) at plenary meetings during the second round of the ninth session of the 14th National Assembly in Hanoi from June 8-13.
The National Assembly passed resolutions ratifying the EU – Vietnam Free Trade Agreement (EVFTA) and Investment Protection Agreement (EVIPA) at its ongoing ninth session in Hanoi on June 8.
The ninth working day of the 14th National Assembly (NA)’s ninth session on June 8 was marked with the ratification of the EU-Vietnam Free Trade Agreement (EVFTA) and the Investment Protection Agreement (EVIPA), along with the country’s membership of the International Labour Organisation (ILO)’s Convention 105.
National Assembly (NA) deputies will vote on a resolution on the legislature’s Supervision Programme for 2021 at its on-going ninth session in Hanoi on June 9.
Stronger efforts and determination are required to achieve and surpass the set targets, especially in the eradication of makeshift and dilapidated houses nationwide, the acceleration of public investment disbursement, and the implementation of nationally important transport projects, PM Pham Minh Chinh noted.
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.
A corner of Hanoi (Photo: VNA) 
