The Hanoitimes - The connection makes public government data more accessible to the people, making the governance more transparent. Sweden pushes for innovation, safe Internet surfing in Vietnam Vietnam Internet Day 2018 focuses on digital ecosystem amid booming users International experts have advised Vietnam to use information and communication technology (ICT) to improve the accessibility to public sector information and services for citizens, businesses and government entities. International experts at the Vietnam Internet Forum 2019 in Hanoi. Photo: VIF Digital government, commonly referred to e-government, or GovTech, is an inevitable step in making public sector information available for the citizens amid more requirements for openness, transparency, and liability, the experts said at the Vietnam Internet Forum 2019 (VIF19) in Hanoi on March 20-21. The event marked the attendance of Ambassador of Sweden to Vietnam Pereric Högberg, World … [Read more...] about It’s time for Vietnam to use ICT for better accessibility to public sector
Public sector banks
Hostesses rest during the Auto China 2016 auto show in Beijing, China, April 29, 2016. Xia Xiaokang and Bruno Chen, who both run private-sector companies, are the sort of businessmen that Chinese leaders are increasingly concerned about as economic growth slows. Beijing is counting on the private sector to invest more in the economy and take up the slack as the government tries to engineer a shift away from largely state-run heavy industry to more entrepreneurial and services-led growth. Unfortunately, just when China needs the private sector to step up, they look to be stepping back. "We plan to downsize our business rather than expand," said Chen, who runs Ningbo Tengsheng Garments Co in the coastal export hub of Zhejiang province in eastern China. "We cannot feel any improvement in the economy," he said. Xia, general manager of Wenzhou Kingsdom Sanitary Ware Co some 400 km (250 miles) from Shanghai, similarly lacks confidence in the economy. "We have hardly made any … [Read more...] about Why China’s private sector needs a ‘high degree of attention’
Banks are rushing to get listed on the stock exchange this year, as ordered by the State Bank of Vietnam. At recent annual general meetings, various Vietnamese banks have announced plans to trade on the unlisted public company market (UPCoM). The long list includes VPBank, OCB, Maritime Bank, Kienlong Bank, VIB and Techcombank, all of which revealed that their listing plans have already been submitted to the State Securities Commission (SSC). This is the result of constant reminders from the State Bank of Vietnam (SBV) and the SSC over the past two years. According to the regulators, listing will increase the liquidity of banks’ shares, improve transparency and reduce cross-holdings, which have long plagued the Vietnamese banking sector. When listed, banks will have their financial reports closely scrutinised by the public and stock exchanges’ owners, thus providing reliable information for investors. "According to the SBV, all banks must list on the UPCoM or the … [Read more...] about Vietnamese banks queue up for bourse listing
(VOVworld) - The World Bank has freshly approved a loan worth 150 million USD for Vietnam to improve local development policy related to economic management and competitiveness. The loan provides flexible budget support for the Government while reinforcing selected structural reform priorities in its socio-economic development plan. It aims to help the Government maintain macroeconomic stability, create a more transparent, efficient and accountable public sector, and improve the business climate. The World Bank’s Acting Country Director for Vietnam, Achim Fock, said during the last five years, there has been steady progress in advancing structural reforms in critical areas such as the banking sector, SOE management, and the business climate. These reforms need to be sustained during the implementation of the new five-year 2011-2016 plan to unlock Vietnam’s full growth potential. … [Read more...] about The World Bank provides Vietnam with 150 million dollars to help improve competitiveness
The Hanoitimes - The Board of Executive Directors of the World Bank approved a 250 million USD credit package to the Vietnamese Government to assist the country in enhancing its economic management and competitive development. The funding will be used to strengthen financial sector governance and fiscal management for macroeconomic stability, and improve public administration and state-owned enterprises. … [Read more...] about World Bank aids Vietnam in enhancing economic development.