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Vietnam News Today (December 29): PM decides to establish Viet Nam Exchange

December 29, 2020 | 09:50

Vietnam News Today (December 29) features headlines including PM's decision to establish Viet Nam Exchange, Vietnam-Myanmar 9th annual political consultation, Vietnam - Ukraine raise bilateral trade to US$1 billion, over 1.03 Vietnamese receive unemployment allowance, and new COVID-19 cases.

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The facade of the ha noi stoc exchange building (photo: vgp)

The facade of the Ha Noi Stock Exchange Building (Photo: VGP)

PM decides to establish Viet Nam Exchange

Prime Minister Nguyen Xuan Phuc has signed a decision on the establishment of the Viet Nam Exchange (VNX) on the basis of rearrangement of the Ha Noi Stock Exchange (HNX) and Ho Chi Minh Stock Exchange (HOSE), VGP reported.

The VNX will be headquartered in Ha Noi and operate as a one-member limited liability company wholly owned by the State. The Ministry of Finance will be the representative of the State capital ownership.

The HNX and the HOSE shall become the subsidiaries with 100% of capital invested by the VNX.

Under the decision, the VNX shall be responsible for developing and issuing regulations on stock listing and transactions and monitoring the stock market.

Vietnam, Ukraine to raise bilateral trade to US$1 billion

Vietnam and Ukraine have more room to increase their trade exchanges to US$1 billion in the next three years.

The agreement was reached during a working session on December 28 between Vietnamese Ambassador to Ukraine Nguyen Hong Thach and Deputy Minister for Economic Development, Trade and Agriculture of Ukraine Taras Kachka.

According to VOV, ambassador Thach noted despite difficulties caused by the COVID-19 pandemic, trade exchanges between Ukraine and Vietnam in the first three quarters of 2020 increased by more than 12% compared to the same period last year to US$300 million. However, he said the two countries still have a lot of untapped potential for cooperation, especially in the field of science and technology.

The ambassador also expressed his belief that trade and economic cooperation will be of paramount importance in bilateral relations at present.

Vietnam and ukraine sign the minutes of 14th session intergovernmental committee on economic-trade scientific-technological cooperation in 2014.
Vietnam and Ukraine sign the minutes of the 14th session of the Intergovernmental Committee on economic-trade and scientific-technological cooperation in 2014. (Photo: VOV)

Deputy Minister Taras Kachka said Ukraine has advantages in science and technology, which will create favorable conditions for Ukraine and Vietnam to expand cooperation in this field.

Both host and guest shared the view that a project to establish the Vietnam House in Kyiv and the Ukraine House in Hanoi should be implemented soon, contributing to strengthening trade and economic ties between the two countries.

They also expressed their optimism about the prospect of bilateral economic-trade cooperation and agreed to work together to increase two-way trade to US$1 billion in the next three years.

Vietnam-Myanmar held 9th annual political consultation

Vietnam and Myanmar held their 9th annual political consultation at the deputy foreign ministerial level on December 28 in the form of a videoconference.

Speaking at the event, Vietnamese Deputy Foreign Minister Nguyen Quoc Dung congratulated Myanmar for its recent successful election and affirmed that Vietnam is ready to cooperate, support, and share the experience with Myanmar.

Meanwhile, Deputy Minister of International Cooperation of Myanmar Hau Do Suan congratulated Vietnam on its prominent successes in the recent past, and spoke highly of Vietnam’s active cooperation with and support to Myanmar in the fight against the COVID-19 pandemic.

Vietnamese deputy foreign minister nguyen quoc dung at the online 9th vietnam-myanmar political consultation on december 28 (photo: bao te)
Vietnamese Deputy Foreign Minister Nguyen Quoc Dung at the online 9th Vietnam-Myanmar political consultation on December 28 (Photo: bao quoc te)

On bilateral relations, the two sides noted with satisfaction the great progress in the key cooperation fields since the establishment of the comprehensive cooperative partnership in 2017.

On regional and international cooperation, the two sides agreed to continue coordinating their stances and mutual support within the framework of multilateral forums, especially in ASEAN and at the UN. They also agreed to join other ASEAN countries in intensifying solidarity and accelerating the successful building of the ASEAN Community.

Besides, the two sides exchanged and shared viewpoints on a number of regional and international issues of mutual interest, including the regional situation, relations among powers, and those on Rakhine and the East Sea. They agreed to cooperate and closely coordinate within bilateral and multilateral frameworks.

The two sides agreed to hold the 10th political consultation in 2021, as reported by Vietnam Plus.

1.03 million people receive unemployment allowance this year

The number of people receiving unemployment allowance is estimated to reach 1.03 million by the end of this year, about 24 percent higher than the same period last year due to the impacts of the COVID-19 pandemic.

As reported by Vietnamnet, the total payment for unemployment allowance has reached over 16 trillion VND (689 million USD) by the end of December, about 33 percent higher than the same period last year.

Dao Duy Hien, deputy head of Social Insurance Policy Implementation Department under Vietnam Social Security said the unemployment insurance policy already affirmed its important role in sharing the financial burden for labourers during the pandemic, contributing to ensuring the economic and social stability of the country.

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(Photo: Vietnamnet)

In response to the situation, the Government promptly issued Resolution No 42/NQ-CP on April 8 about solutions to support people and businesses affected by the pandemic, he said.

Under the resolution, both employees and employers who were affected by the pandemic were allowed to temporarily suspend their payments to the retirement and survivor benefits fund for 12 months, per VNA.

The resolution also allowed unemployed labourers to apply for the unemployment allowance online.

Hien said it is estimated that the number of people participating in unemployment insurance would reach about 13.2 million with the total payment of over 18 trillion USD (773 million USD) by December 31.

Vietnam records 10 new COVID-19 cases on December 28

Vietnam reported 10 more COVID-19 cases in the last 24 hours to 6pm on December 28, including one who illegal entered the country via small trails, according to the National Committee for COVID-19 Prevention and Control.

Patents No. 1,442-1,450 returned home from Russia on the flight VN5062, which landed in the Cam Ranh International Airport in the central province of Khanh Hoa on December 25. They are now being quarantined and treated at the Khanh Hoa provincial Hospital for Tropical Diseases and a general clinic in Ninh Sim – Ninh Hoa area, according to Vietnam Plus.

The latest case, Patient No.1,451, whose registered residence was in Su Van Hanh apartment building in District 5, illegally entered Vietnam on the early morning of December 24 to avoid the 14-day mandatory quarantine.

A covid-19 quarantine site at the sa dec general hospital in dong thap (source: vna)

A COVID-19 quarantine site at the Sa Dec General Hospital in Dong Thap (Source: VNA)

The apartment building has been under lockdown and tenants are asked not to leave their apartments, while local police officers have been deployed to guard the place.

Thirteen close contacts of the man, including his girlfriend, a motorbike taxi driver, and those who joined him at a restaurant and a karaoke parlour, were placed under concentrated quarantine and got tested.

Forty-eight second-hand contacts – those who have come into contact with the above 13 – were also asked to self-quarantine at home.

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