The Resolution acknowledges positive results in the operation of the fund over the past year. The fund has a total value of nearly 100 billion USD with 150,000 beneficiaries.
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Participants attend the plenary session of the Fifth Committee of the 79th United Nations General Assembly in New York on December 24. |
During the negotiations, facing the diverse perspectives and proposals from many countries, Vietnam, as a coordinator, made efforts to find solutions to narrow the gaps, promote compromises, and build consensus on the content of the draft Resolution, ensuring that this important resolution received the support of all U.N. member countries.
The chair of the Fifth Committee and U.N. member countries hailed Vietnam's role and practical contribution in the process of drafting the Resolution. This outcome further demonstrates Vietnam's commitment as an active, reliable, and responsible member, as well as its coordination and leadership capabilities in U.N. forums.
At the session, the committee decided on the personnel structure and budget of the UNJSPF’s Secretariat, while outlining the fund’s operational orientations through 2025, including measures to simplify pension payment procedures, diversify investment methods, and strengthen investments in emerging markets and developing countries to lift the fund’s value in the future.
Also at the session, the Fifth Committee approved more than 20 other resolutions on organizational, administrative, and budgetary issues of U.N.. agencies, as well as the contributions of U.N. member states to the organization's 2025 budget.
Source: VNA