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/ April 13, 2021

Taking the initiative in tackling key global challenges

Ambassador Duong Van Quang, former director of the Diplomatic Academy of Vietnam What is the significance of Vietnam’s current role as non-permanent member of the United Nations Security Council (UNSC) for 2020-2021, as well as council chair for April? Vietnam made a great success as chair of the UNSC in January 2020 for the first time during the tenure, with many initiatives. One of the most prominent achievements was the construction and adoption of its resolution at the UN General Assembly on “International Day of Epidemic Preparedness”. All member states in the UN gave the thumbs-up to this significant resolution. I think Vietnam’s significant activities at the UNSC will continue to help lift the country’s international prestige. Words made by Ambassador Dang Dinh Quy, Permanent Representative of Vietnam to the UN, have shown that the international community is pinning great hopes on what Vietnam has and will do effectively as UNSC chair this month. I do believe that the country’s status in the international arena in general and within the UN in particular will change. This also can prove that if Vietnam becomes a member or a leader of any international organisation, it will also be able to enhance its role and prestige within such an organisation as a reliable and responsible member. How do you think Vietnam would have fared, and what would it have offered, if there was no COVID-19? On December 27, the world for the first time in its history organised activities to boost anti-epidemic efforts. Vietnam’s Prime Minister Nguyen Xuan Phuc, who is now the state president, also delivered a message on the importance and measures for fighting epidemics. This was the UN General Assembly’s first-ever resolution of the type, and also the first hosted and advanced by Vietnam. This resolution was supported by all UN member states, with Canada, Niger, Senegal, and Saint Vincent and the Grenadines becoming co-authors with Vietnam. Moreover, over 100 UN …

/ April 14, 2021

Key export sectors the target of M&As by foreign investors

The leather-footwear industry is among the key export sectors attracting M&As in recent years (Photo: VNA) HCM City (VNA) - Several of Vietnam’s key export sectors, such as textile-garment, leather-footwear, and electronics have become magnets for merger and acquisition (M&As) activities, posing a risk of leading enterprises in those sectors being purchased by foreign investors. An advantage of Vietnam’s textile-garment industry is low labour costs, and it was also identified as one of six sectors on a list of supporting industry products prioritised for development. The country has become the “footwear factory” of the world, while the domestic market boasts a population of more than 96 million. Vietnam is also establishing itself as the world’s electronic manufacturing hub, with FDI continuing to flow into the sector over recent years. Tran Phuong Lan, an official from the Vietnam Competition and Consumer Authority at the Ministry of Industry and Trade (MoIT), said that apart from existing development potential, opportunities created by bilateral and multilateral free trade agreements (FTAs) have also fuelled those industries’ development. For example, she noted, under the EU-Vietnam FTA that took effect on August 1, 2020, 42.5 percent of import tariffs on textile-garment products were immediately eliminated, while those on leather-footwear items will be gradually cut to zero percent. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which came into force on December 30, 2018, abolished tariffs on Vietnam’s textile-garment products exported to other member countries. A recent study of COVID-19’s impact on certain main industries in Vietnam noted that there have been signs of M&As surging in the textile-garment, footwear, and electronics sectors over the last three years. In 2018, Japan’s Itochu Corporation spent 47 million USD on purchasing nearly 10 percent of shares in the Vietnam National Textile and …

/ April 15, 2021

E-government key to improve Hanoi public satisfaction on governance: Expert

Every teacher, public servant, or healthcare staff has to adapt to high quality administrative services. Dr. Dang Hoang Giang, a research team member of the 2020 Provincial Governance and Public Administration Index (PAPI) report, which measures provincial performance in governance and public administration, told Hanoitimes reporter Ngoc Thuy of what should be done to improve Hanoi’s performance in this regard. Dr. Dang Hoang Giang at the launch of PAPI 2020 Report. Photo: Ngoc Thuy Despite the city authorities’ strong efforts in gaining public satisfaction on the provincial governance, the result has not lived up to expectation as reflected in the 2020 PAPI report. What is your view on this regard? Hanoi’s score in the 2020 PAPI index was 41.63 out of the maximum 80, a slight improvement from 41.54 score obtained last year. The result, however, remained unsatisfactory. For many years, Hanoi’s leaders have expressed strong commitment to improving the PAPI score, but such desire has not been fully translated in current practices of grassroot agencies. Lack of specific action to improve transparency and create greater convenience for citizens in fields of healthcare, education, land plans, or fighting off petty corruption, I think it would be a difficult task for Hanoi to make breakthrough in PAPI scores. Every teacher, public servant, or healthcare staff has to change. Unless there are substantial improvements in each component in Hanoi’s administrative apparatus providing higher quality public services to the people, all policies and decisions of the leaders would not be effective, as the most important criteria for evaluation is citizens’ experience. Detailed scores of Hanoi in PAPI 2020. Source: PAPI 2020 Report In the past two years, Hanoi has climbed exponentially in the ranking and stayed firm in top 10 business-friendly localities under the Provincial Competitiveness Index (PCI ) report. Why is …