Other News Audit regulator announces inspection plans for 2020 By Pham Nhat Saturday, Dec 14, 2019,10:56 (GMT+7) Audit regulator announces inspection plans for 2020 By Pham Nhat The façade of the State Audit of Vietnam in Hanoi. The regulator has reduced the number of inspections for 2020 to enhance their quality – PHOTO: INFONET HCMC – The State Audit Office of Vietnam (SAV) will scrutinize 16 ministries and central agencies; 40 provincial-level governments; and a number of financial institutions, banks and State-owned firms next year. In a decision recently signed by SAV Auditor General Ho Duc Phoc, the number of audit checks in 2020 will be lowered by some 20% compared with this year. The move is primarily intended to enhance the quality of audit activities. The SAV noted that the agency will innovate its audit method based on risk assessment and audit materiality, speed up administrative reform … [Read more...] about Audit regulator announces inspection plans for 2020
Regulation 84 awareness of child protection
Teach children with love, not violence
Nguyễn Thị Nga, deputy director of the Child Affairs Department, answers questions about child protection at the dialogue. — Photo courtesy of the MSD HÀ NỘI — A recent survey has found that 68 per cent of children between the ages of one and 14 had been on the receiving end of violence at the hands of their parents and relatives. The results were released at a dialogue organised by the Management and Sustainable Development Institute (MSD) on Friday in Hà Nội, with more than 150 participants. The event called for co-operation among organisations to eliminate physical and psychological abuse against children. The national children protection hotline 111 has received three million calls for help in the past 14 years. Ninh Thị Hồng, permanent deputy chairwoman of the Vietnam Association for the Protection of Children’s Rights, said all violence had serious consequences on child development. Many reasons led to the problem, … [Read more...] about Teach children with love, not violence
Fintech firms concerned about foreign ownership cap
Virgina Foote, a representative of AmCham Vietnam (Photo: danviet) Hanoi (VNS/VNA) - A draft regulation put forward by the State Bank of Vietnam (SBV) that would limit the foreign ownership rate in the payment intermediary service sector to 49 percent was discussed at a workshop in Hanoi on December 12. Legal experts, fintech and e-payment firms attended the workshop held by the Vietnam Chambers of Commerce and Industry (VCCI). The draft decree includes new policies on the legal synchronisation of cryptocurrencies, managing cross-border payment activities, providing non-account payment services, payment management, perfecting regulations for payment intermediary services, and foreign investment in payment intermediaries. Article 29 sets out the maximum percentage foreign investors can hold, including direct and indirect ownership, at 49 percent of charter capital of an intermediary payment service provider licensed by the State Bank of Vietnam. This article drew the most comments … [Read more...] about Fintech firms concerned about foreign ownership cap
Creating a decade of sustainable environment
In the 2021-2030 period, Vietnam aims to prevent pollution and environmental degradation, and gradually improve environmental quality. The national environment protection strategy by 2020 with the vision until 2030 was approved by the Prime Minister in September 2012. After seven years of implementation, the picture of Vietnam’s environment has many bright parts with the environment considered one of three important pillars of sustainable development. Nguyen Trung Thang, deputy director of the National Institute of Strategy and Policy on Natural Resources and Environment Regarding clean water supply, 86 percent of population now can access clean water, higher than the 80 percent in 2010. The proportion of rural population that can be provided with hygienic water has reached 94.84 percent, higher than the 79 percent in 2010. Regarding clean water supply, 86 percent of population now can access clean water, higher than the 80 percent in 2010. The proportion of rural … [Read more...] about Creating a decade of sustainable environment
HCM City seeks to bring down soaring land prices
HCM City authorities are demanding that district authorities strictly enforce regulations on separating land plots for sale, especially in suburban areas where the practice has led to rising prices. One of the hotspots is District 9, where land prices are climbing daily. Signs advertising land for sale in HCM City’s District 9. Photo realestatevietnam.com.vn The office of the district’s People’s Committee is packed with people every day, looking to settle administrative records related to land, including adjustments, renewals and extension of land-use rights certificates, according to local media reports. Many of the visitors to the office are mortgaging their land-use rights to borrow bank loans. Notary offices in the district are also busier than ever, with many people completing procedures for land transfer. Speculators are focusing on land in the district’s Tăng Nhơn Phú A and B wards, including on the streets of Lò Lu, … [Read more...] about HCM City seeks to bring down soaring land prices