PM asks each sector to ensure its growth target achievement

Tillerson is scheduled to participate in a series of meetings involving the Association of Southeast Asian Nations in Manila starting Saturday. North Korean Foreign Minister Ri Yong-ho is also expected to be at the ASEAN Regional Forum (ARF), one of few international gatherings the communist country regularly attends. "The secretary has no plans to meet the North Korean foreign minister in Manila. I don't expect to see that happen," Susan Thornton, acting assistant secretary for East Asian and Pacific Affairs, said in a teleconference previewing his upcoming trip. The U.S. continues to exert pressure on the North Korean regime to abandon its nuclear and missile programs, she quoted Tillerson as saying during a press conference Tuesday. He also reassured Pyongyang that Washington does not seek a regime change in the reclusive state and would be willing to hold talks "at some point."    Thornton said such talks could be possible in the future if North Korea indicates a willingness to enter into serious discussions about its denuclearization. "What we would expect to see this year at the meeting would be a general chorus of condemnation of North Korea's provocative behavior and pretty serious diplomatic isolation directed at the North Korean foreign minister," she said. Meanwhile, Kyodo news agency reported Thornton said that the U.S. will call for the suspension of North Korea's membership of the ARF as part of efforts to beef up pressure on the regime bent on developing missiles and nuclear weapons. It quoted Thornton…... [read more]

In a first for the Gulf, Qatar’s cabinet ministers approved the measures, the official QNA press agency reported, in a move that will likely affect tens of thousands of resident foreigners, from Vietnamnews' source. Under the new rules, children with a Qatari mother and a foreign father can benefit from the new status along with foreign residents who have "given service to Qatar" or have "skills that can benefit the country," the agency said. A specially created interior ministry commission will decide individual cases, according to the Qatar News Agency. Those deemed eligible for the new status will be afforded the same access as Qataris to free public services, such as health and education. They will also receive preferable treatment for jobs in the administration and armed services as well as being able to own their own properties and exercise some commercial activities without the need for a Qatari partner. While stopping short of offering Qatari nationality the new measures constitute a first for the Gulf. Naturalisation is extremely rare in the region and the status of the millions of foreigners working in the Gulf are strictly limited. Oil-rich Qatar has a population of 2.4 million people, 90 per cent of whom are foreigners, including many from Southeast Asia working in construction. The move comes as Qatar languishes under a boycott imposed by Regional kingpin Saudi Arabia as well as Bahrain, the United Arab Emirates and Egypt. The four Arab states broke ties with Qatar on June 5, accusing…... [read more]

VietNamNet Bridge – Chairman of Ha Noi’s People’s Committee Nguyen Duc Chung has asked relevant departments and investors to plan out a response to the Government Inspectorate (GI)’s conclusion on wrongdoings of Build-Transfer (BT) projects. The flyover at Long Bien intersection in Ha Noi, one of seven violating projects. - Photo tienphong.vn The content must be submitted no later than August 15. The city’s leaders will submit the report to the GI and the Government Office. Earlier in July, the GI released findings of egregious wrongdoings in the implementation of seven BT projects in Ha Noi. The GI recommended holding Ha Noi authorities accountable for the faults and said that all BT projects were behind schedule and had entailed significant cost overruns. The report added that contractors were “not sufficiently capable of mobilising capital” and also blamed a “failure to disburse budget in accordance with set schedule.” Seven BT projects that caused massive loss are the construction of Yen So wastewater treatment plant, Le Van Luong Road extension, southern main road of Ha Tay, a street connecting Le Duc Tho and Xuan Phuong new urban area, a road surrounding Chu Van An memorial site and the Ha Noi–Hung Yen interprovincial road. The municipal Department of Planning and Investment has asked relevant departments and districts to review and reevaluate the projects’ norms and prices. Investor of Ha Noi-Hung Yen inter-provincial road running through Ha Noi was said to apply wrong unit price and norm and increase the total investment. The municipal…... [read more]

VietNamNet Bridge – Deputy director of the HCM City’s Department of Health Nguyen Huu Hung on Wednesday instructed city districts to speed up the opening of new general healthcare clinics for patients with HIV. Patients with HIV wait for ARV treatment at a Community Consultation and Assistance Centre in HCM City. — Photo: VNA/VNS  International aid agencies will stop offering free ARV medicine in the country for patients with HIV next year. Insured anti-retroviral (ARV) treatment for HIV patients will begin in June next year once international aid stops, according to the Viet Nam Administration of HIV/AIDS Control. Seventy-two per cent of patients with HIV have health insurance, Hung said, adding that the city’s People’s Committee had approved funds for the remaining 27 per cent of patients with HIV who cannot afford cards.  “Who will treat them? How will we carry out?” Hung said. “This is the issue to which we should pay more attention.” Many representatives of district-level health centres have complained that they have not been able to set up a general clinic because of a shortage of doctors. Dr Pham Thi Kim Hoa, head of Can Gio District Health Centre, said there were not enough available staff to set up the clinics. Around 110 patients with HIV are being treated at the district’s Community Counselling and Assistance Centre, Hoa said, adding that the centre has sent eight of the 110 patients with HIV to the district’s health stations. The remaining number of patients with HIV have been…... [read more]

VietNamNet Bridge – Vietnamese-American musician Vu Thanh An, 74, begins a five-city tour in Viet Nam this week.  Wily vet: Vietnamese- American musician Vu Thanh An, 74, begins a five-city tour in Viet Nam this week. — Photo thegioidienanh.vn An will hold a fan meeting at Book Street (Nguyen Van Binh Street) in HCM City today before flying to Quy Nhon City for his first show. He will then move to Quang Ngai Province and Da Nang City. The shows will feature veteran singers, Vietnamese-Americans Vu Khanh and Thanh Lan, both of whom were famous in the 1960s and 70s.  Young singers Lan Nha and Le Ngoc will also be included. His show, Chuyen Tinh Khong Ten (Unnamed Love Story), will be staged at the Majestic Hotel Saigon in HCM City on August 18.  The event will include Vietnamese-American singer Quang Dung and the girl band 5 Dong Ke.  He will close his tour with two concerts, called Tinh Ca Vu Thanh An-Vang Son Mot Thuo (Vu Thanh An’s Love Songs-Once Golden Melodies), in Ha Noi.  Vietnamese-American singers Bang Kieu and Thanh Lan will be featured. The singers will perform An’s 21 songs, including 10 love songs called Bai Khong Ten (Untitled Songs), which have been popular for more than five decades.   Born in 1943 in Nam Dinh Province, An moved to Sai Gon in 1960. His first song, Tinh Khuc Thu Nhat (First Love Song), with lyrics by poet Nguyen Dinh Toan, became a top hit.  His first…... [read more]

Shares recorded unexpected downturn on August 2 afternoon following concerns over the detainment of two ex-bankers. Investors monitor the market at Bao Viet Securities Company On the HCM Stock Exchange, the VN-Index edged down 0.07 percent to close at 786.23 points after peaking over 788 points in the morning.  The southern market index expanded nearly 2 percent in the last three sessions. On the Hanoi Stock Exchange, the HNX-Index dipped 0.35 percent to end at 100.97 points. The northern market index gained 4.5 percent in a six-trade rally. Bank shares slipped due to rising investor caution, following the news Tram Be, Sacombank’s former chairman, and Phan Huy Khang, the bank’s former CEO, were arrested on August 1 for allegedly  economic mismanagement related to a unauthorised lending of 1.8 trillion VND (80 million USD). Sacombank shares fell for a second day, dropping 3.5 percent and settling at 12,550 VND a share. Vietcombank (VCB), Military Bank (MBB) and Saigon-Hanoi Bank (SHB) slipped between 0.8-1.2 percent. BIDV (BID), Vietinbank (CTG) and Eximbank (EIB) bucked the trend; EIB rose by a daily maximum limit of 7 percent. According to some securities companies, investors should not be too pessimistic about the information, as difficulties at this bank were revealed a long time ago. On the bright side, many large-cap stocks maintained growth and supported the market. PetroVietnam Drilling and Wells Service (PVD) increased by over 2 percent, while other shares in the list of the 30 largest stocks by market value and liquidity such as…... [read more]

Investors monitor the market at Bao Viet Securities Company. — VNA/VNS Photo Tran Viet   Shares recorded unexpected downturn Wednesday afternoon following concerns over the detainment of two ex-bankers. On the HCM Stock Exchange, the VN-Index edged down 0.07 per cent to close at 786.23 points after peaking over 788 points in the morning. The southern market index expanded nearly 2 per cent in the last three sessions. On the Ha Noi Stock Exchange, the HNX-Index dipped 0.35 per cent to end at 100.97 points. The northern market index gained 4.5 per cent in a six-trade rally. Bank shares slipped due to rising investor caution, following the news Tram Be, Sacombank’s former chairman, and Phan Huy Khang, the bank’s former CEO, were arrested on Monday for allegedly economic mismanagement related to a unauthorized lending of VND1.8 trillion (US$80 million). Sacombank shares fell for a second day, dropping 3.5 per cent and settling at VND12,550 a share. Vietcombank (VCB), Military Bank (MBB) and Sai Gon-Ha Noi Bank (SHB) slipped between 0.8-1.2 per cent. BIDV (BID), Vietinbank (CTG) and Eximbank (EIB) bucked the trend; EIB rose by a daily maximum limit of 7 per cent. According to some securities companies, investors should not be too pessimistic about the information, as difficulties at this bank were revealed a long time ago. On the bright side, many large-cap stocks maintained growth and supported the market. …... [read more]

President Donald Trump's doubts about the war in Afghanistan has led to a delay in completing a new U.S. strategy in South Asia, skepticism that included a suggestion that the U.S. military commander in the region be fired, U.S. officials said on Wednesday. During a July 19 meeting in the White House Situation Room, Trump demanded that his top national security aides provide more information on what one official called "the end-state" in a country where the United States has spent 16 years fighting against the Taliban with no end in sight. The meeting grew stormy when Trump said Defense Secretary James Mattis and Joint Chiefs of Staff Chairman Joseph Dunford, a Marine general, should consider firing Army General John Nicholson, commander of U.S. forces in Afghanistan, for not winning the war. "We aren't winning," he told them, according to the officials, who spoke on condition of anonymity. In addition, once the meeting concluded, Trump's chief strategist, Steve Bannon, got into what one official called "a shouting match" with White House national security adviser H.R. McMaster over the direction of U.S. policy. Some officials left the meeting “stunned” by the president’s vehement complaints that the military was allowing the United States to lose the war Mattis, McMaster and other top aides are putting together answers to Trump's questions in a way to try to get him to approve the strategy, the officials said. The White House had no comment on the accounts of the meeting. U.S. Army General John…... [read more]

Vietnam's foreign ministry has said its oil exploration in the South China Sea, known locally as the East Sea, is a normal practice under a deal with a Spanish partner.   "All relevant petroleum activities by Vietnam take place in waters entirely under the sovereignty and jurisdiction of Vietnam," foreign ministry spokeswoman Le Thi Thu Hang told the press following reports China threatened to attack Vietnamese bases in the East Sea unless Vietnam stopped the drilling project.  The Spanish Repsol Group is in charge of the process and progress of the drilling project, in accordance with the terms agreed by related parties, Hang added. China claims almost 90 percent of the potentially energy rich ocean, despite competing claims from Vietnam, the Philippines, Brunei, Malaysia and Taiwan. The waters are thought to hold vast untapped reserves of oil and natural gas that could potentially place those who control of them in league with the likes of Saudi Arabia, Russia and Qatar. China has been ramping up a number of land reclamation projects in the Spratly Islands, a move that has pitted it against Vietnam and the Philippines. Despite a raft of diplomatic protests, including an international lawsuit brought by the Philippines, China has forged ahead with its island-building plans.... [read more]

Vietnam's foreign ministry has said its oil exploration in the South China Sea, known locally as the East Sea, is a normal practice under a deal with a Spanish partner.   "All relevant petroleum activities by Vietnam take place in waters entirely under the sovereignty and jurisdiction of Vietnam," foreign ministry spokeswoman Le Thi Thu Hang told the press following reports China threatened to attack Vietnamese bases in the East Sea unless Vietnam stopped the drilling project.  The Spanish Repsol Group is in charge of the process and progress of the drilling project, in accordance with the terms agreed by related parties, Hang added. China claims almost 90 percent of the potentially energy rich ocean, despite competing claims from Vietnam, the Philippines, Brunei, Malaysia and Taiwan. The waters are thought to hold vast untapped reserves of oil and natural gas that could potentially place those who control of them in league with the likes of Saudi Arabia, Russia and Qatar. China has been ramping up a number of land reclamation projects in the Spratly Islands, a move that has pitted it against Vietnam and the Philippines. Despite a raft of diplomatic protests, including an international lawsuit brought by the Philippines, China has forged ahead with its island-building plans.... [read more]




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