Viet Nam News HÀ NỘI — The Government has issued measures to boost non-cash payment methods in the country this year. Under Resolution 02/NQ-CP released early this week, the Government required the State Bank of Việt Nam (SBV) to report on a project exploring depositing cash into electronic wallets without bank payment accounts. All commercial banks and payment intermediary providers must also apply QR code standards before the third quarter of this year. SBV was also instructed to co-ordinate with the Ministry of Finance to publicise details of the types of transactions subject to bank payment. It must also propose amendments to regulations aimed at encouraging non-cash payments in real estate transactions. Meanwhile, chairpersons of provincial and municipal People’s Committees must direct all schools, hospitals and suppliers of electricity, water, sanitation, telecommunications and postal services in urban areas to co-ordinate with banks and payment … [Read more...] about Government intensifies support for non-cash payment methods
Government business support
Government to support small firms in developing organic agriculture
Government to support small firms in developing organic agriculture By Thuy Dung Organic rice from a local enterprise on display. The Government will support small firms in developing organic agriculture - PHOTO: TC HA NOI – The Government has issued a new decree on organic agriculture with the aim of supporting small enterprises, cooperatives, farmers and producing groups in the development of organic farming. According to newly issued Decree 109/2018/ND-CP, the Government will bear the entire cost of identifying areas suitable for organic agriculture, including conducting a basic investigation, a topographic survey and analyses of soil, water and air. The Government will also pay for certificates for suitable products, granted by a certification organization, as well as for training and practicing organic production. Besides this, the Government is expected to help small enterprises build and expand a model of organic production in accordance with national standards … [Read more...] about Government to support small firms in developing organic agriculture
HCM City pledges business support
HCM City leaders promised all assistance to businesses to ensure their sustainable growth and competitiveness at a meeting between them on August 4. The HCM City Business Association and the Foreign Affairs Department sign an agreement for overseas trade promotion. - VNS Photo Hoang Nam Nguyen Thanh Phong, chairman of the People’s Committee, said: “The city authorities have always sought ways to improve the quality of economic growth and competitiveness. Only the business community can provide answers. “Product quality is the most important factor in competitiveness. Innovation and modern technology are imperatives for better quality. “The city will link up the business community with universities to connect innovation and research with real production.” Though HCM City is the country’s biggest economic hub, it is home to only 10 of its 40 biggest brand names, he said. “The city will offer incentives to encourage large companies, … [Read more...] about HCM City pledges business support
HCMC pledges business support
Viet Nam News HCM CITY — HCM City leaders promised all assistance to businesses to ensure their sustainable growth and competitiveness at a meeting between them on Saturday (August 4). Nguyễn Thành Phong, chairman of the People’s Committee, said: “The city authorities have always sought ways to improve the quality of economic growth and competitiveness. Only the business community can provide answers. “Product quality is the most important factor in competitiveness. Innovation and modern technology are imperatives for better quality. “The city will link up the business community with universities to connect innovation and research with real production.” Though HCM City is the country’s biggest economic hub, it is home to only 10 of its 40 biggest brand names, he said. “The city will offer incentives to encourage large companies, which account for only 1.4 per cent of its 350,000 enterprises, to take part in international … [Read more...] about HCMC pledges business support
Sri Lanka develops skills to meet labor demands and supports economic…
“Sri Lanka has achieved universal primary and high secondary enrollment rates, a high adult literacy rate, and gender parity in access to all levels of education. However, there remains a clear mismatch between skills among youth and labor market demand,” said Gi Soon Song, an ADB Principal Social Sector Specialist. “The ongoing skills enhancement program, spearheaded by the government and supported by ADB, will address this issue through a focus on technical and vocational education and policy support.”The additional financing will support efforts to develop skills to meet labor demands, support economic diversification, and enhance productivity in Sri Lanka. (Source: Internet)This lack of skilled labor is hurting the Sri Lankan economy, with the country’s private sector considering this as a key constraint to business growth. The unemployment rate is also high, with one out of five Sri Lankans aged 15-24 years out of work. Meanwhile, only 35.9% of women … [Read more...] about Sri Lanka develops skills to meet labor demands and supports economic…