Axel Neubert, country director of the Hanns Seidel Foundation’s Vietnam Office During the United Nations Sustainable Development Summit in September 2015, the world leaders agreed on the adoption of Agenda 2030 for Sustainable Development. At the heart of the Agenda are 17 goals, which are built on the Millennium Development Goals but are “more comprehensive and complex and a springboard for continued progress.” The 17 Sustainable Development Goals (SDGs), which are the actionable part of Agenda 2030, are designed to balance economic, social, and environmental dimensions of development. At the same time, the SDGs should be implemented in an integrated way to ensure no one is left behind. The principle of ‘leaving no-one behind’ refers not only to the importance of equitable access to developmental outcomes, it also means that implementing the SDGs requires a ‘whole-of-society’ approach with contributions from all sectors of society to the … [Read more...] about Private sector key to achieving SDG 9
Clerks private sector award
Private sector important for national development
Nguyễn Minh Phong. — Photo giaoduc.net.vn Economist Dr Nguyễn Minh Phong speaks to Thế giới & Việt Nam (Việt Nam & the World) newspaper about the important role of the private sector in national development What are your assessments on contributions by the private sector to the national economy in 2018? In 2018, the private sector became an important part of the nation’s economy. Entering 2019, I’m confident the sector will continue to achieve much more. At present, there are more than 700,000 private enterprises in operation, of which 96 per cent are small and medium enterprises, and 2 per cent are super-small enterprises and 2 per cent are big enterprises. These enterprises use only about 30 per cent of the land allocated for business operations, but they employ more than 51 per cent of the nation’s labour force. These enterprises contribute to over 40 per cent of GDP and 30 per cent of the State budget; over … [Read more...] about Private sector important for national development
Private sector a key driver for 2019
The private sector is considered one of the top priorities for boosting the country’s economy even further into 2019, Photo: Huu Tuan On January 1, Prime Minister Nguyen Xuan Phuc issued resolutions No.01 and No.02 on the main duties and solutions to carry out the socioeconomic development plan, improve the investment and trading environment, and strengthen competitiveness among enterprises. One of the key points of the resolutions is the government’s commitment to creating a more level playing field for all businesses in the economy to perform, following international practices, via a series of sturdy solutions. The government is targeting one million businesses by 2020, the majority of which would be private, with startups also developing strongly. “Continuously developing the private sector in accordance with the resolution of the fifth meeting of the 12th Party Central Committee on developing the private sector into one of the important propellants … [Read more...] about Private sector a key driver for 2019
Philippine helps private sector on government’s infrastructure…
Government reforms supported by ADB under the Expanding Private Participation in Infrastructure Program (EPPIP) subprogram 2 seek to create the enabling policy environment that will allow public-private partnership (PPP) projects to flourish using private sector expertise and innovation.“PPPs can raise the quality of life for citizens by providing reliable public services through efficient infrastructure. Reforms under the EPPIP program have been successful in stimulating the PPP market and improving the quality of infrastructure projects in the Philippines,” said ADB Senior Trade Specialist Ms. Cristina Lozano.With its fast-growing economy, archipelagic geography, expanding population, and rapid urbanization, the Philippine government aims to raise infrastructure investments to 7.4% of gross domestic product by 2022 from 5.1% in 2016.Reforms under the EPPIP program have been successful in stimulating the PPP market and improving the quality of infrastructure projects in … [Read more...] about Philippine helps private sector on government’s infrastructure…
VBCF Benefits Private Sector and the Poor
The GBP 7 million Vietnam Business Challenge Fund (VBCF), capitalised by UK Department for International Development and managed by SNV Netherlands Development Organisation, will be launched in Hanoi on November 28. VBCF offers up to 49 percent funding for business proposals that deliver both commercial benefits for the private sector and developmental benefits for poor people. For the business side, proposals must offer a clear, commercially viable and profitable business model. For the development side, the proposals must assist the low income population in terms of job creation, income improvements or the availability of more affordable goods and services. VBCF will provide business mentoring support and award non-reimbursable funding of selected proposal budgets to companies operating in Vietnam through competitive calls for relevant business proposals that will benefit the poor, be commercially sustainable and replicable in the long run. Funding is available for up to US$ … [Read more...] about VBCF Benefits Private Sector and the Poor