Govt won't allow 'interest groups' to manipulate policies: Vietnamese PM By Toan Dao  June 24, 2016 | 08:05 am GMT+7 Prime Minister Nguyen Xuan Phuc while chairing a meeting on policy making on June 23 said the government will not let interest groups manipulate policies, according to the Vietnam News Agency. Party General Secretary Nguyen Phu Trong in a speech in 2012 also said the country's investment strategies, planning, and policies must not be swayed by interest groups. The government's meeting on Thursday was also attended by the cabinet members, the Vietnam Chamber of Commerce and Industry and other relevant agencies. The Law on Enterprise and the Law on Investment both took effect on July 1, 2015, but the central government has yet to issue new decrees to provide specific guidance for their implementation. Currently, there are 114 legal documents that set out the requirements for 167 different occupations and business sectors that were issued by various … [Read more...] about Govt won’t allow ‘interest groups’ to manipulate policies: Vietnamese PM
Govt news
Paris protest march to go ahead after govt climbdown
In this file photo, a police car explodes after being set on fire during an unauthorized counter-demonstration against police violence on May 18, 2016 in Paris. — AFP Photo Viet Nam News PARIS — Protesters will take to the streets of Paris once again on Thursday after France’s embattled Socialist government abandoned a bid to ban their march over security worries. But in announcing the last-minute climbdown yesterday, the government warned that fresh violence would not be tolerated after the last protest on June 14 saw bloody clashes. The violence came just four days after the start of the Euro 2016 football tournament in France, adding to the burden on security forces already facing the persistent threat of jihadist attacks. Hooliganism at the Euro has further stretched police capacity. Acrimonious negotiations finally yielded a compromise by which today’s march would follow a short, tightly contained route proposed by the interior ministry. The … [Read more...] about Paris protest march to go ahead after govt climbdown
VN Central Bank’s $12 billion worth of US govt bonds not a surprise
VietNamNet Bridge - Indonesia, Thailand and Malaysia, with forex reserves many times bigger than Vietnam’s, only invest 10 percent of reserves on US government bonds. Meanwhile, the proportion is 30 percent for Vietnam. If comparing with other ASEAN countries, the proportion is the same as Malaysia’s and equal to 2/3 of Thailand’s and Indonesia’s investment value. Singapore invests $109 billion on similar items, while the Philippines has poured $41 billion into the same type of assets. According to IMF (International Monetary Fund), Vietnam’s forex reserves by the end of 2015 had reached $30 billion, while the figure might have increased to $34 billion by the end of the first quarter of 2016. Meanwhile, the figures are $107 billion, $175 billion and $95.6 billion for the three countries, respectively. Indonesia, Thailand and Malaysia, with forex reserves many times bigger than Vietnam’s, only invest 10 percent of reserves on US government bonds. … [Read more...] about VN Central Bank’s $12 billion worth of US govt bonds not a surprise
Govt resolved to lift hindrances to business
Tu Hoang Mai Tien Dung, Minister and Chairman of the Government Office, told a monthly news conference in Hanoi on May 5 that the Government had spent much time on May 5 discussing the draft resolution designed to back business development, and looking into those problems voiced by enterprises at a meeting between the Prime Minister and local and foreign business executives in HCMC late last month. An important goal of the draft resolution is to regain the confidence of the business community, Dung said at the news conference held after the Government's two-day meeting. According to Dung, the draft resolution reflects the core message of the Government and the Prime Minister that problems must be solved and good conditions must be created for enterprises to grow. Ministers, heads of agencies and provincial chairpersons are responsible for solving difficulties and handling proposals of enterprises, Dung said. The Prime Minister looks to build a friendly, transparent and … [Read more...] about Govt resolved to lift hindrances to business
Two Vietnamese women contract Zika virus, first in Vietnam – govt
Two Vietnamese women have contracted the Zika virus which has been linked to thousands of suspected cases of microcephaly, a rare birth defect, in Brazil, and are the first Zika infections in Vietnam, the Health Ministry said on Tuesday. A 64-year-old woman in the beach city of Nha Trang and another woman, 33, in Ho Chi Minh City fell sick in late March, and three rounds of tests have confirmed they are Zika-positive, the ministry said in a statement. The two patients are in stable condition while no further infections among their relatives and neighbours have been found, the ministry said. Zika is carried by mosquitoes, which transmit the virus to humans. Zika has not been proven to cause microcephaly in babies, but there is growing evidence that suggests a link. The condition is defined by unusually small heads that can result in developmental problems. Brazil said it has confirmed more than 860 cases of microcephaly, and considers most of them to be related to Zika … [Read more...] about Two Vietnamese women contract Zika virus, first in Vietnam – govt