For example, by imposing business conditions or other restrictions on new businesses, the state agency can reduce the competition faced by SOEs. Policies and institutional structures that constrain competition are not in the national interest. While constraints to competition can make individual SOEs more profitable, the resulting lack of competition stifles innovation and productivity growth. “This hurts consumers because of higher costs and less innovation and variety; hurts workers because reduced productivity growth means reduced growth in wages; hurts other investors whose firms are being constrained, and hurts the government because of increased opportunity for corruption,” Mallon explained. … [Read more...] about Reshuffle underway to further stimulate revival of economy
Managed security service providers
Grab proposes separate lane for ride-hailing vehicles at TSN airport
A security guard regulates traffic at the Tan Son Nhat International Airport. Grab has proposed a separate lane for ride-hailing vehicles at the airport - PHOTO: VNA HCMC - Ride-hailing firm Grab Vietnam has proposed the management of the Tan Son Nhat International Airport in HCMC reserve a separate lane for ride-hailing vehicles at a cost of no more than VND10,000 per service to make life easier for drivers and passengers. … [Read more...] about Grab proposes separate lane for ride-hailing vehicles at TSN airport
VIETNAM NEWS JANUARY 20
He congratulated Saysomphone Phomvihane on being re-elected as a Politburo member of the LPRP (11th tenure) and expressed his belief that under the leadership of the new Politburo and the LPRP Central Committee, the Lao people will reap even greater achievements in the process of national construction and defence and successfully realise goals and political tasks set by the Resolution of the 11th Congress of the LPRP. … [Read more...] about VIETNAM NEWS JANUARY 20