Generate public and private key

Last year was certainly a challenging one for the healthcare sector. How exactly did Vietnam go about controlling the biggest pandemic in decades? Nguyen Truong Son, Deputy Minister of Health COVID-19 has become an unprecedented challenge to public health, negatively affecting economies worldwide and all aspects of socioeconomic development. There have been great pressures on the healthcare system and related services in the prevention and fight against the pandemic, especially before vaccines and specific treatment drugs were available. Requirements of new technologies in prevention and treatment were needed as well as protection of public health to ensure strong manpower for economic development, social security, and political stability. Increasing capacity of the public health system was also required, as well as cooperation in research and production of a vaccine in a safe and effective manner. Vietnam is one of the very few countries to have successfully contained the pandemic. Under the directions of the Party, the government, and the National Steering Committee for COVID-19 Prevention and Control, the healthcare sector has actively worked with ministries and relevant agencies as well as cities and provinces on implementing strong measures and solutions with the principle of four on-site actions which proves its effectiveness in the fight. Also in 2020, the sector implemented a telehealth scheme, opening a new period in diagnosis and treatment, helping locals get better access to quality services at grassroot facilities, and narrowing the gap in the number and skills of healthcare practitioners between central and grassroot units. Moreover, Vietnam was one of the first countries to research and manufacture quick test kits for the coronavirus, and has also made initial success in researching and testing Nano Covax - the first Vietnamese-made COVID-19 vaccine on humans. What policies does the healthcare sector have to further ease …

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The Hanoitimes - Hanoi will not allocate funds for fields and projects subject for the participation of private sector. Members of Hanoi People’s Council on December 7 approved the mid-term public investment plan for the 2021-25 period. Director of Hanoi's Department of Planning and Investment Nguyen Manh Quyen at the session. “In the next five year, Hanoi is set to allocate VND206.75 trillion (US$8.93 billion) for public investment,” said Director of the Hanoi Department of Planning and Investment Nguyen Manh Quyen before the voting. “During this period, the city expects to ensure greater efficiency in the use of public fund for economic development, focusing on upgrading essential socio-economic infrastructure systems,” stated Mr. Quyen. This is especially important for projects with high spill-over effects for socio-economic development in 11 priorities areas that the city has identified as the focus of investment in 2021-25, he noted. “Hanoi will not allocate funds for fields and projects subject for the participation of private sector, while pushing for greater mobilization of investment capital from other economic components,” stressed Mr. Quyen. In the first 11 months of this year, Hanoi’s  progress of public fund disbursement reached an all-time high of 89% of the target for this year or VND40.4 trillion (US$1.74 billion). Seen as Hanoi’s top priority to ensure economic recovery in the post Covid-19 pandemic era, the city aims to disburse 100% of the target amount this year. Prime Minister Nguyen Xuan Phuc in a government meeting late August urged local authorities to realize their disbursement targets for this year, otherwise they would face strict punishment. This year, the government aims to disburse the full amount of VND470.6 trillion (US$20.32 billion) to aid economic recovery, and the progress as of October met 68.3% of the target, or VND321.5 trillion (US$13.8 billion). …

[Read more...] about Hanoi People’s Council approves $9 billion for 2021-25 public investment plan

The Hanoitimes - As of November 10, the disbursed amount of public funds in Hanoi stood at VND22.35 trillion (US$965.35 million), or 57.5% of the target set by the government. The fulfillment of the disbursement target of public funds in Hanoi, which accounts for 10% of total public investment in Vietnam, would help ensure the realization of the country’s disbursement target, seen as a key solution to boost economic recovery amid the Covid-19 pandemic. Hanoi has set up six task forces specialized in accelerating the disbursement of public funds. Photo: Hai Linh. As of November 10, the disbursed amount of public funds in Hanoi stood at VND22.35 trillion (US$965.35 million), meeting 57.5% of the target set by the government. To further accelerate the disbursement progress in the remaining months of the year, Hanoi has set up six task forces specialized in this regard. For the public investment plan in 2021, Director of Hanoi’s Department of Planning and Investment Nguyen Manh Quyen said the local authorities would identify priorities for investment and submit them to the municipal People’s Council in the upcoming meeting session in December. “The allocation of state fund is aimed to realize Hanoi’s socio-economic development plan and the overall planning, with a focus on national projects or those with high impacts to the local economy,” he noted. According to Mr. Quyen, priority would be given to projects that are set to be finished in the 2016 – 2020 period but still fall short of funds; projects financed by official development assistance (ODA) or preferential loans from foreign donors; major projects during the 2021 – 2025 period; among others. Specifically, Hanoi would focus on transportation projects, aiming to boost inter-provincial and urban linkages, and information and technology, among others. Public funds allocation should be carried out in a fair and transparent manner, he noted . Hanoi’s leaders are scheduled to …

[Read more...] about Hanoi pushes for disbursement of public funds