A draft resolution on the settlement of bad debts at credit institutions and a bill on amendments and supplements to the Law on Credit Institutions were high on the agenda of the National Assembly (NA)’s sitting on June 7.
Pham Phu Quoc, a deputy of Ho Chi Minh City, speaks at the plenum on June 7 (Photo: VNA)
Hanoi (VNA) – A draft resolution on the settlement ofbad debts at credit institutions and a bill on amendments and supplements to theLaw on Credit Institutions were high on the agenda of the National Assembly(NA)’s sitting on June 7.
At the morning plenum, NA deputies discussed thenecessity and the scope of the draft resolution on bad debt settlement, thedefinition of bad debts, and principles of settling bad debts.
They also looked into the right to collateralseizure, the formation of a debt market, along with possible difficulties andchallenges relating to the resolution implementation, among others.
Regarding the draft law on amendments andsupplements to some articles of the Law on Credit Institutions,parliamentarians scrutinised the scope of the draft, the exemption fromresponsibility of people engaging in the restructuring of credit institutionsunder special control, and the supplementation of bad debt settlement to thedraft law.
Governor of the State Bank of Vietnam Le MinhHung later clarified some issues mentioned by deputies.
In the afternoon, NA deputies had groupdiscussions on the draft law on forest protection and development (revised) andthe draft law on fisheries (revised).
On June 8, the parliament is set to discuss somecontents in the draft law on irrigation in the morning sitting.
In the afternoon, the NA is scheduled to vote ona resolution on a law and ordinance making programme for 2018 and revisions tothe law and ordinance making programme in 2017. Deputies will also appraise theresettlement work of the Long Thanh international airport project.-VNA
National Assembly deputies on June 5 discussed a report detailing supervision results of the implementation of law and policy on food safety in the 2011-2016 period.
A treaty supplementing the Border Delimitation Treaty between Vietnam and Laos regarding the revision of the starting point of the two countries’ border line was the focus of the NA’s session on June 6.
Prime Minister Nguyen Xuan Phuc will speak and directly answer questions from the National Assembly’s deputies from 16:05 to 16:45pm on June 15 during the NA’s Q&A session.
Known as the “four pillars for Vietnam’s ascend”, the Pobiburo's Resolutions 57, 59, 66, and 68 focus on cultivating a robust national entrepreneurial spirit, unlocking resources for innovation across society, and accelerating the development of digital economy, knowledge-based economy, green economy, and circular economy, propelling Vietnam forward rapidly and firmly on the path of modernisation and international integration.
Minister of Finance Nguyen Van Thang cleared up deputies' concern regarding how to spur socio-economic growth, renew traditional growth motives and establish new momentum for development.
Vietnam proposed several priorities: narrowing the digital divide, strengthening women’s leadership in the digital economy and AI governance, and mobilising sustainable financing for gender equality initiatives in line with each country’s national priorities and context. Vietnam also advocated for genuine women’s participation and leadership across all areas of public life.
Ha expressed his hope that cooperation in science and technology, agriculture, and natural resources would emerge as new focal points and engines of growth in Vietnam–China relations.
Giang said he believes that building on the solid foundation nurtured over the past half-century and the strong determination of both nations, the Comprehensive Strategic Partnership will continue to grow in a more robust, comprehensive, and extensive manner, thus bringing more practical benefits to the two nations' people.
Highlighting the transformative potential of the draft law in revitalising Vietnam’s railway industry, Hoang Van Cuong, a deputy of Hanoi, expressed his support for Article 39, which empowers the Prime Minister to issue a list of railway-related goods and services to be assigned or ordered from domestic enterprises for production.
According to the Ministry of Public Security, Hoan, formerly Deputy Minister of Labour, Invalids and Social Affairs, is under investigation for allegedly taking bribes in connection with a case involving the Hoang Long Construction and Manpower Supply JSC and related units.
Chairing a national conference on the organisation of the examination on June 18, the PM highlighted the historical significance of the examination, as the restructuring of provincial-level administrative units is underway and the two-tier local administration model is set to officially begin operations on July 1.
Right on the same day, the ministry issued its highest-level travel warning, urging Vietnamese citizens not to travel to Israel or Iran, and advised those already in these countries to swiftly consider evacuation or relocation plans.
From the struggles against colonialists and imperialists to the period of Doi moi (renewal) and international integration, the Vietnamese revolutionary press has always played a pioneering role on the ideological and cultural front, he said.
The Party leader's working session with the standing boards of the Party Committees of HCM City, Ba Ria – Vung Tau and Binh Duong, the VNA General Director's remarks on the occasion of the 19th OANA General Assembly, the launch of new NIC - Google initiatives aimed at bolstering AI entrepreneurship and digital literacy in Vietnam are among news highlights June 18.
Vietnam and Indonesia reaffirmed their commitment to strengthening cooperation in combating terrorism as it remains a threat to peace, security, and stability across their respective nations, the broader region, and the international community.
The Vietnamese representative also emphasised the shared responsibility of relevant parties to build trust, enhance cooperation, and jointly manage the risks of conflict, thus safeguarding long-term peace and stability in the East Sea.
The National Assembly on June 18 passed the law amending and supplementing a number of articles of the Law on Product and Goods Quality, with 408 out of 420 participating deputies voting in favour, accounting for 85.36% of the total.
The Party leader asked the new HCM City to embrace a multi-centre and integrated urban ecosystem where each development pole functions as a link complementary to and intelligently connected with each other in a harmonious whole.
The resolutions issued by the PM as well as ministries and ministry-level agencies reassign responsibility for 346 administrative procedures - 18 from district to provincial levels, 278 to commune level, and 50 eliminated.
Legislators are due to pass several amended laws, including the Law amending and supplementing several articles of the Law on Economical and Efficient Use of Energy, and the Law amending and supplementing several articles of the Law on Product and Goods Quality.
Vietnamese localities' readiness to implement the two-tier local administration model, the evacuation of 18 Vietnamese citizens from Iran, Petrovietnam's 11th ranking in the 2025 Fortune Southeast Asia 500 are among news highlights on June 17 evening.
Pham Phu Quoc, a deputy of Ho Chi Minh City, speaks at the plenum on June 7 (Photo: VNA) 
