Themed “Administrative Reforms: Key Role in Implementation of EVFTA”, the event attracted the participation of representatives from many Vietnamese ministries, sectors, the European business community, as well as the diplomatic corps in Vietnam. Participants discussed Vietnam’s administrative reform plans in order to make the most of the European Union – Vietnam Free Trade Agreement (FTA), due to come into effect on August 1. … [Read more...] about Government holds dialogue with European business community
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Hanoi (VNS/VNA) — As many as six administrative units at the district level and 546 units at the communal level have been streamlined under a plan of rearrangement of administrative units for the 2019-2021 period, according to Vu Dang Minh, chief of Office of the Ministry of Home Affairs (MoHA). He made the statement at a recent meeting to review the ministry’s performance over the past six months and roll out work for the last months of this year. The number of organisations and units at ministries and ministry-level as well as at provincial level has also been reduced at the same time, Minh said. Regarding the streamlining the government payroll to increase efficiency, the number of employees at administrative units at ministries, agencies and localities have been reduced by 8.7 per cent compared to 2015’s figure while those at public agencies fell by 7.6 per cent compared to 2015. The MoHA has coordinate with the National Assembly's Committee … [Read more...] about District-, commune-level administrative units to be streamlined
Budget collection in 2018 exceeded the estimate, budget spending was closely managed, budget overspending and public debt sharply decreased, thus helping to consolidate the national finance and strengthen the country’s capacity in coping with impacts from outside such as the COVID-19 pandemic, he said. … [Read more...] about Finance Minister clarifies socio-economic, budget issues
Thirdly, Viet Nam should not compete with other countries to court more foreign capital by only offering investment incentives, as this can distort resource allocation and will not have a meaningful impact in the long run. The country will be more attractive to foreign investors if it can correct its weaknesses and shortcomings, such as improving the capacity of capital absorbency, perfecting logistics infrastructure, upgrading workers’ skills and ability, and reforming institutions. … [Read more...] about Can Viet Nam could take advantage of new foreign investment strategies?
Verstappen revealed afterwards that his performance was heavily curtailed by running with a broken front wing shortly before his Red Bull team confirmed, on a day of hectic action, that they had lodged an official protest over Mercedes' controversial dual-axis steering (DAS) system. … [Read more...] about Hamilton on top in Austria as Mercedes survive protest