Private sector

The CIEM reported that non-State investment (the private sector) became a driving force for growth in the 2011-2018 period particularly after 2014 when the Government began pursuing drastic renovation and business environment improvement.  Directive No. 1792/CT-TTg, dated October 15, 2011 on enhancing the management of investment projects funded by the state and government bond proceeds was the first step in the process of investment restructuring which began from public investment, then in early 2013, developed the master scheme on economic restructuring in combination with the transformation of the growth modal.  The CIEM reported that in the 2012-2013 period, social investment experienced a sharp decline and backed on track since 2014, reaching over 33.5% in 2018.  Regarding economic components, State investment decreased from 13.5% in 2012 to only 1.43% in 2018. Meanwhile, non-State investment increased from 6.23% to 13.9% in the 2011-2015 period. … [Read more...] about Private sector expands density in total social investment

  A view of the North-South high-speed railway. The railway sector has step by step lost its role in the economy with the market share reduced from 30 per cent to 1 per cent. — VNA/VNS Photo Minh Sơn HÀ NỘI — The State must play a key role in investing in the national railway infrastructure to boost development and attract more private investment, experts have said. Speaking at the seminar on promoting the railway infrastructure development held on Wednesday, Deputy Minister of Transport Nguyễn Ngọc Đông said the cost of investment in a kilometre of railway infrastructure is usually three to four times higher than that of roadway.   In addition, the sector had a slow pay-back ability making it tough to call for investment from private sectors. Đông said the sector has improved with the investment in the North-South high-speed railway, which helped to maximise the capacity of the transport system in Việt … [Read more...] about The State needs do more to attract private investment in railway infrastructure

Digitisation of the healthcare sector is important to better serve patients, but hacking by cybercriminals is a grave risk, and great efforts are needed to keep patient information secure (Photo: VNA) HCM City (VNS/VNA) - The development of technologies such as 4G, 5G, internet of things and artificial intelligence has rapidly changed the healthcare sector’s landscape globally, including in Vietnam, with more organisations adopting digitisation, according to experts. The goal is to have multiple affiliated organisations sharing patients’ digitised medical records to provide more holistic health care. Many health care institutions are also using smart equipment to carry out conventional tasks. For example, various devices measuring vital signs today are directly connected to the hospital’s systems. Once measurements are taken, the data is incorporated directly in the patient’s medical records without the need for manual intervention. New technologies have … [Read more...] about Digitisation of health care sector, a double-edged sword

1. We, the Foreign Ministers of the Association of Southeast Asian Nations (ASEAN), met on 31 July 2019 at the 52nd ASEAN Foreign Ministers’ Meeting (AMM) in Bangkok. We underlined the need to further strengthen cooperation and advance our partnership to ensure sustainability in all dimensions for ASEAN amidst the rapid changes in Southeast Asia and beyond.   ASEAN COMMUNITY-BUILDING 2. We reaffirmed our commitment to the full and effective implementation of the ASEAN Community Vision 2025 and the ASEAN Leaders’ Vision Statement on Partnership for Sustainability. We reaffirmed the importance of maintaining ASEAN centrality and unity in our community-building efforts, engagement with external partners and regional architecture. We commended the ongoing work of all ASEAN Sectoral Bodies and Organs for progress in the implementation of the ASEAN Political-Security Community (APSC), ASEAN Economic Community (AEC), and ASEAN Socio-Cultural Community (ASCC) … [Read more...] about Joint Communique of 52nd ASEAN Foreign Ministers’ Meeting

Excellencies Ambassadors and Chargés d'affaires from Middle Eastern and African countries, Distinguished guests, ladies and gentlemen, Allow me to extend my warmest welcome to Excellencies Ambassadors, Chargés d'affaires and diplomats from Middle Eastern and African countries, and all distinguished guests to the “Meet Ambassadors of the Middle East and Africa 2019” Conference. I wish to sincerely thank you all for the active support shown to our Ministry’s initiative in creating a forum for frank and substantive discussions between Middle Eastern and African diplomats and Vietnamese Ministries, agencies, localities and businesses, on measures to further promote our multifaceted cooperation. Ladies and gentlemen, After 30 years of tirelessly carrying out comprehensive ‘Doi Moi’ reforms, Viet Nam has escaped from underdevelopment and become a middle-income country. Political stability and social order are maintained, industrialization, … [Read more...] about Remarks by Deputy PM, FM Minh at “Meet Ambassadors from the Middle East and Africa 2019” Conference