Jakarta (VNA) - Indonesian President Joko Widodo urged members of the D-8 Organisation for Economic Cooperation (D-8), which comprises eight Muslim-majority countries, to play a major role in ending the COVID-19 pandemic and recovering the global economy, particularly through expanding vaccine production capacity. The President also called for efforts to boost the equal distribution of COVID-19 vaccines as well as concerted efforts from the D-8 in rebuilding the global economy. In order to facilitate trade within the D-8, trade barriers must be minimised, he said. Widodo emphasised the need to develop digital technology and artificial intelligence, saying that in the era of the Fourth Industrial Revolution, D-8 member states should utilise these trends to keep up with robust changes in the world. He stressed the importance of investing in the D-8’s young population, which totals around 323 million people, or 27.3 percent of the total population. The D-8 is an organisation for development cooperation among Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan, and Turkey./. VNA …
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Law on management of State capital in enterprises should be changed: experts
Dang Quyet Tien, Director of the Department of Corporate Finance from the Ministry of Finance , mentions shortcomings in the current law on the investment of State capital in production and business in enterprises. (Photo: VNA) Hanoi (VNS/VNA) - The law on managing the use of State capital invested in an enterprise's manufacturing has revealed shortcomings, according to the Ministry of Finance (MoF). Dang Quyet Tien, Director of the Department of Corporate Finance from the MoF, told a workshop held between the ministry and the World Bank (WB) in Hanoi on April 7 that: “The Law No 69/2014/QH13 created a legal corridor for the investment of State capital in production and business in enterprises with incentive mechanisms and policies that have improved the country's investment, however, there are still shortcomings seen over the past five years.” Tien mentioned some problems, including different understandings on State investment in enterprises and a lack of clarity on the matter in related laws, which lead to difficulties in implementation. “It is necessary to collect comments, analyse and propose amendments and supplements to the law to continue to improve policies accordingly," he said. Proposing the content to be revised, Dr. Le Dang Doanh said the new law should define the scope of the State's investment and the field of equitisation. “Equitisation should be done carefully with strategic shareholders in the board of directors, improving corporate governance quality and solving land-related problems in equitisation," Doanh said. “State-owned enterprises (SOEs) management needs to be reformed according to market principles," he added. He said the State should still manage and supervise its capital but also avoid too much administrative intervention and human resource intervention in enterprises, adding there was a need for transparency in SOEs management according to international standards. Nguyen Thuong Lang from the National …
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Countries urged to reinforce cooperation in mine action
Vietnam, as the rotating President of the UNSC, held this event virtually and in person under the chair of Minister Son. Attending the discussion were UN Secretary General Antonio Guterres, nine ministers and deputy ministers, ambassadors and heads of missions of the UNSC member states. The event’s speakers included Director of the Geneva International Center for Humanitarian Demining Stefano Toscano, UNDP Goodwill Ambassador actress Yeoh Choo-Kheng, Manager of Project RENEW All-Women Demining Team in Vietnam Nguyen Thi Dieu Linh, and UN Global Advocate for the Elimination of Mines and Explosive Hazards actor Daniel Craig. The event also saw the presence of officials from Vietnamese ministries, departments, and localities badly affected by war-left bombs, mines and explosives; representatives from the embassies of the UNSC member states, UN organizations, and domestic and international non-governmental organizations (NGOs) working on mine action. At the event, delegates highly valued Vietnam’s initiative on the organization of such an important meeting. They voiced their support for the humanitarian purpose of limiting the use of bombs and mines in the world. They emphasized the consequences of bombs and mines in conflict areas in the past and present. They also voiced their support for national and international efforts to settle consequences of bombs and mines and unexploded ordnance, assist victims, and stabilize the situation for reconstruction and socio-economic development. Delegates highly praised international cooperation in mine action and stressed the need to boost cohesion and coordination within the UN system, including the UNSC, in order to make more contributions to the UN and relevant countries’ mine action efforts. In his speech, Minister Son highlighted the importance of settling the consequences of wars and conflicts and said that this issue should be paid more attention to in the UNSC agenda. The Vietnamese official shared Vietnam’s …
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