Banks need to focus on transformation to boost their internal strength and achieve sustainable growth as the banking sector enters new stages of development, the “Banking Forum 2019” held on May 8 in Hanoi heard. Ms. Nguyen Thi Hong, SBV Deputy Governor speaing at the event (Photo source from sbv.gov.vn) The forum attracted a host of banking leaders, representatives from the State Bank of Vietnam (SBV) and government agencies, banking analysts, as well as delegates from international financial institutions looking to invest in Vietnam’s banking sector. Those in attendance heard an overview of the SBV’s monetary policies in 2018 and directions for the future while taking into account external factors affecting the macro-economy. A major part of the forum was dedicated to discussing solutions to help the banking system improve its internal strength for future growth. Key topics included bank restructuring, non-performing loans, technology … [Read more...] about Transformation needed for banks’ sustainable growth
Sustainable growth
Thanh Hoa asked to strive for rapid, sustainable growth
Prime Minister Nguyen Xuan Phuc (Source: VNA) Thanh Hoa (VNA) – Prime Minister Nguyen Xuan Phuc has urged the north central province of Thanh Hoa to continuously improve its strength and competitiveness, and strive for rapid and sustainable growth. Attending the province’s 990th anniversary on May 8, PM Phuc suggested Thanh Hoa should employ its heroic past and rich traditions as the basis of its impetus to grow into a prosperous, modern and civilised locality. He said that Thanh Hoa has been the origin of several Vietnamese feudal dynasties, as well as the hometown of renowned national heroes who were still revered by Vietnamese people today such as Trieu Thi Trinh, Le Hoan and Le Loi. In modern history, late President Ho Chi Minh called Thanh Hoa the “capital of the revolutionary movement”, which managed to balance both critical missions of building socialism in the northern region and supplying resources to the battles against the Americans in the … [Read more...] about Thanh Hoa asked to strive for rapid, sustainable growth
NA deputies bear responsibility for sustainable growth
National Assembly Chairwoman Nguyen Thi Kim Ngan National Assembly Chairwoman Nguyen Thi Kim Ngan made the point while addressing the opening ceremony of the conference on the National Assembly and sustainable development goals (SDGs) on December 17 in Da Nang. The event drew the attendance of NA Vice Chairwoman Tong Thi Phong, Deputy PM Vu Duc Dam, and UN Resident Coordinator in Viet Nam Kamal Malhotra. The 2030 Agenda is a 15-year global framework centered on an ambitious set of 17 Sustainable Development Goals (SDGs), 169 targets and over 230 indicators. The 2030 Agenda envisions a secure world free of poverty and hunger, with full and productive employment, access to quality education and universal health coverage, the achievement of gender equality and the empowerment of all women and girls, and an end to environmental degradation. To fulfill the goals, the participation of the National Assembly, NA deputies, and deputies of People’s Councils at all levels … [Read more...] about NA deputies bear responsibility for sustainable growth
BOD professionalism and corporate governance key to sustainable growth
A professional board of directors (BOD) propagating good corporate governance are said to play a key role in creating sustainable business development, which in turn helps the nation to move up the middle-income ladder. How BOD can support companies’ pursuit of long-term sustainability in Vietnam’s fast-growing economy has been brought up at the discussions today at the Annual Corporate Governance Forum 2018 on “Governing for Sustainability.” The forum has been co-organised by the Vietnam Institute of Directors (VIOD) and the Vietnam Corporate Governance Initiative (VCGI), in partnership with the State Securities Commission of Vietnam (SSC), the Ho Chi Minh City Stock Exchange (HOSE), and the Hanoi Stock Exchange (HNX), and supported by the International Finance Corporation (IFC), Switzerland’s State Secretariat for Economic Affairs (SECO), and the Government of Japan. The Annual Corporate Governance Forum discussed how the BOD can facilitate … [Read more...] about BOD professionalism and corporate governance key to sustainable growth
Vietnam should reduce coal power for sustainable growth: EU, WB
The Hanoitimes - The country must take bold measures in power generation to adopt a good growth path without ruining its environment, Ambassador Bruno Angelet said. Vietnam needs to choose proper electricity sources which help ensure both national power security and sustainable growth, according to Ambassador Bruno Angelet, head of the Delegation of the European Union (EU) to Vietnam. EU Ambassador to Vietnam Bruno Angelet at the meeting. Photo: Daibieunhandan.vn The country must take bold measures in power generation to adopt a good growth path without ruining its environment, the ambassador said at the 2nd High Level Meeting of the Vietnam Energy Partnership Group (VEPG) held in Hanoi on November 26. The point of view reckoning coal-fired power cheap is totally wrong and unacceptable in many countries because of many other kinds of cost required after the construction of thermal power plants, namely infrastructure for coal transport, health damage, and … [Read more...] about Vietnam should reduce coal power for sustainable growth: EU, WB