Government

The Lao Ministry of Science and Technology has chosen Unitel as an adviser in the building of e-government and smart health system. In early August of this year, it received two Asia-Pacific Stevie Awards in the categories of “Innovation in Public Administration Services” and “Innovation in Products and Services for Consumers.” … [Read more...] about Unitel assists Lao government in digital transformation

Many businesses do not specify the purpose of their issuance. This lack of transparency poses risks to investors, and this risk of default is intensified when companies issue bonds with higher coupon rates, and in turn use the funds they receive through issuances to pay off bank debts or redeem earlier bonds that have reached maturity. In this regard, Decree 81 specifically expands the requirement to disclose the purpose of raising capital through bonds, requesting issuers to specify projects, activities, or business plans needing funds, and debts to be financed. … [Read more...] about Government urges caution on corporate bond risks

"The Government promptly and vigorously brought in policies to support enterprises. But that determination has not percolated down to all levels and localities. The enforcement of these policies is not synchronised between the central and local levels due to a rigid mindset and some officials’ fear of taking responsibility by approving enterprises’ applications for support packages. … [Read more...] about Procedural bottlenecks prevent businesses from benefiting from Government support packages

The issue of data transparency still quite sticky, because one ministry does not know whether the other ministry already has that data or has shared it yet. Or let’s say a local government has the need to use data from ministries, it has to send a request or organise working sessions to access the data they want, which is very time consuming and not cost-effective. … [Read more...] about National Data Portal helps create more open Government: official

Also in this period, the state divested VND25.17 trillion (nearly $1.1 billion) and collected VND171.84 trillion ($7.47 billion), which was 6.8 times higher than the book value. Total money collected from equitisation and divestment since 2016 reached more than 218 trillion ($9.47 billion), which is 2.79 times higher than the total revenue from equitisation and divestment in the 2011-2015 period (about VND78 trillion or $3.4 billion). The money transferred to the state budget under the National Assembly resolution hit VND211.5 trillion ($9.2 billion) out of VND250 trillion ($10.87 billion), tantamount to 85 per cent of the plan for the 2016-2020 period. … [Read more...] about How to drive the economy by reforming state-owned debt