KTFA:

Clare:  Its extension depends on the budget.. Committee: Parliament begins its legislative recess at the end of next week

2022-11-30

 The Parliamentary Legal Committee announced today, Wednesday, that the House of Representatives will enter the legislative recess at the end of next week, while indicating that the extension of the legislative term is linked to the arrival of the general budget law to the parliament.

Committee member Raed Al-Maliki told Shafaq News agency, "The first legislative year of the parliament will end at the end of next week, and that the parliament will enjoy its legislative recess for a period of 30 days."

He added, "Parliament may extend the legislative term again in the event that the general budget law for the year 2023 reaches the parliament," stressing that "the extension of the legislative term is linked to the arrival of the budget to Parliament."

And the Presidency of the House of Representatives decided, on November 8, 2022, to extend the second legislative term of the first legislative year of the fifth electoral session, by one month, while independent MP Hussein Al-Sabri explained that “the purpose of extending the legislative term is to pass the important laws on the Parliament’s agenda, Among the most important laws that will be sent from the government to parliament is the general budget law, and in the event that the law arrives before the end of the legislative term on the ninth of next December, the parliament will extend its work again until the budget law is approved.   LINK

************

Clare:  Al-Salhi Announces The Date Of Raising The Budget To The House Of Representatives And Voting On It

11/30/2022

 Member of Parliament, Rafik al-Salhi, set today, Wednesday, the date for submitting the budget to Parliament and voting on it.

Al-Salhi told Earth News, "The previous Al-Kazemi government failed to prepare a budget for the current year 2022, and therefore the next budget 2023 is important."

And he indicated that “all governorates and ministries have raised their needs in terms of projects and others

As for the 2023 budget, it is an important budget, and the Al-Kazemi government failed in the year 2022 by not being able to prepare a budget for the previous year, and now the Ministry of Finance is proceeding with its preparation, which also includes fixing contracts,” noting that “next Tuesday, the budget will be submitted to the House of Representatives and begin to discuss, prepare and vote on it in the coming days.”   LINK

************

Clare:  The Kurdistan Democratic Party expects a soon resolution of the outstanding issues with Baghdad

2022-11-30

 The Kurdistan Democratic Party bloc confirmed today, Wednesday, that the relationship between Baghdad and Erbil has started a new phase after the formation of the government of Muhammad Shia' al-Sudani, expecting to resolve many outstanding issues in the near future.

The representative of the bloc, Mariwan Qarni, told Shafaq News agency, "The relationship between the governments of Erbil and Baghdad is governed by the Iraqi constitution of 2005, but the federal government has not committed itself to implementing the financial rights of the Kurdistan Region since 2014, as a small part of its rights is sent, for various reasons." . 

Qarni added, "But after the formation of the government of Muhammad Shia al-Sudani and the political agreement signed by the coalition parties in (state administration), a new phase of the relationship between the two governments began," stressing that "the Sudanese government agrees to resolve many outstanding issues between the two parties."

A member of the Security and Defense Committee expected that "the Sudanese government will present a draft oil and gas law in the Iraqi parliament in agreement with the regional government, as well as include the financial rights of the Peshmerga forces in the 2023 budget, and not distinguish them from the federal forces, because both are part of the Iraqi defense system according to the constitution."

Qarni pointed out that "Al-Sudani's agenda includes issues of conflict between Erbil and Baghdad, such as the oil and gas law, the implementation of the Sinjar Agreement and the Federal Court," adding, "If the Sudanese government is able to fulfill its promises to the Kurdistan Region within the time frame specified in its agenda, then there will be a bright future." relationship between the two sides.

The President of the Kurdistan Region, Nechirvan Barzani, had discussed, during his recent visits to Baghdad, with Muhammad Shia' al-Sudani, the Iraqi federal prime minister, and other political parties, the latest developments in the security and political situation in the country.   LINK

Toyvp:  Japanese-funded $35m R&D centre opens in Đà Nẵng

November, 29/2022 - 16:43

The US$35-million Fujikin Danang Research, Development and Manufacture Centre, funded by Fujikin Incorporated from Japan, has freshly been inaugurated in the central coastal city of Đà Nẵng.

ĐÀ NẴNG — The US$35-million Fujikin Danang Research, Development and Manufacture Centre, funded by Fujikin Incorporated from Japan, has freshly been inaugurated in the central coastal city of Đà Nẵng.

Located at the Đà Nẵng Hi-tech Park, the facility, whose construction began in 2021, focuses on projects involving drones, robots, water purification technology, and medical equipment and related software.

To provide manpower for the R&D project, Fujikin Incorporated has already inked a human resources training deal with the Đà Nẵng University for Science and Technology.

According to the municipal Hi-tech Park and Industrial Zones Authority, a series of investors, including aerospace components manufacturer Universal Alloy Corporation (UAC) of the US, Tokyo Keiki Precision Technology Inc and Niwa Foundry from Japan, and Dentium company from the Republic of Korea, have already opened factories at the 1,100ha ‘green’ hi-tech park. — VNS

https://vietnamnews.vn/economy/1400092/japanese-funded-35m-r-d-centre-opens-in-da-nang.html

************

Toyvp:  Việt Nam a focus for Korean technology enterprises

November, 29/2022 - 16:58

Việt Nam is a potential young market and we will certainly promote development here in the near future, said Jun Kwon, Director of Meta Planet Company.

 HÀ NỘI — Việt Nam is a potential young market and we will certainly promote development here in the near future, said Jun Kwon, Director of Meta Planet Company.

He made the statement at the “Technological Investment Co-operation between Việt Nam and South Korea” held in Hà Nội on Monday.

As one of the businesses of the Korea NFT Content Association coming to Việt Nam to seek cooperation and investment opportunities, he has seen many attractive opportunities in this market. With the advantage of developing NFT and metaverse-related projects, Meta Planet is ready to conquer and expand investment to Việt Nam.

“I guess the blockchain investment policy in Việt Nam will also be a bit more difficult than in South Korea, but through the Việt Nam Blockchain Association, we have had the opportunity to better understand the market, learn from the experience of other investors to have good preparation before actually entering," he added.

Choi Kang-Yong, currently chairman of NBN, the No 1 Blockchain news channel in South Korea, said that not only in Korea or Viet Nam but there was a global event going on, which was the transition towards Digital Assets. "With the 4th industrial revolution, blockchain technology is now under heavy focus and is the centre of the business revolution." 

The cryptocurrency market in South Korea is valued at US$23 billion with more than 7 million users trading every day. The global market is now at the level of $900 billion.

“There is a strong need to rethink today’s capital market and approach the digital asset market with a wider perspective and an aim to cope with the current global recession, inflation, and increase of interest in the capital market,” he said.

He added that under this global environment, the seminar was not just an economics discussion, but an event to promote and foster global partnerships between Việt Nam and South Korea and incubate the Digital Asset Economy and Metaverse World beyond the two countries. "The financial market will continue to see changes; thus we hope that the cooperation will create a premise for solid ties in the future."

“We will continue to strengthen our cooperation with Việt Nam in order to turn this partnership and coalition into a global leading team in this revolutionary moment we are living in,” he added.

Mark Hwang, Director of Korea NFT Content Association (KONCA) Việt Nam, said: “I personally believe NFTs have big potential and very big possibility, not only in South Korea.”

“The biggest potential in Việt Nam I would say is population. More than 100 million people with a huge number between 20 and 30, these are suitable users. Therefore, our market application in Việt Nam would have very strong prospects, there will be a lot of opportunities to come, not only in entertainment but also in other fields as well.”

Phan Đức Trung, Standing Vice chairman of Việt Nam Blockchain Association (VBA), said: “Blockchain is becoming a pioneering technology that is widely applied in many fields to create new business models. Blockchain technology is developing strongly and is considered a step forward. Blockchain started in the financial market and is being moved to many other areas. Currently, many large corporations and companies in the fields of banking, healthcare, energy, insurance, tourism, real estate, science and education have all applied blockchain.”

He said the biggest thing expected from the discussion between VBA and Korean partners was experience in two issues of training and law. South Korea had a blockchain boom and NFT applications were heavily promoted in the entertainment sector and art applications which Việt Nam could study.

Hoàng Văn Huây, VBA’s chairman, said: “Since its official public launch, the association has carried out a series of activities towards the widespread and effective application of blockchain technology into Việt Nam's socio-economic development. This includes supporting and encouraging businesses to apply this technology. However, blockchain is still a new technology in Việt Nam, so the association also set a plan to disseminate this knowledge to businesses and people.”

The event was co-organised by VBA, KONCA and NBN Korean TV Channel. The signing ceremony of a memorandum of understanding (MoU) between the VBA and KONCA, as well as one between the VBA and NBN Korean TV Channel, took place within the framework of the event. — VNS

https://vietnamnews.vn/economy/1400113/viet-nam-a-focus-for-korean-technology-enterprises.html