How to prevent corruption in business

HCM City banks and tourism businesses discuss solutions to help the later access loans with an interest rate subsidy of 2 per cent under Government support policies. — VNS Photo Thu Hang Struggling tourism businesses in HCM City are in dire need of credit to recover but are finding it very difficult to access the subsidised loans under the Government’s Decree 31 that took effect in May, according to the city's Department of Tourism. Bui Thi Ngoc Hieu, its deputy director, said implementation of the decree, which involves a 2 per cent interest subsidy, would keep businesses hit by the COVID-19 crisis afloat. The tourism industry, which accounts for more than 10 per cent of the city’s economy, desperately want the subsidised loans to recover, she told a conference on Thursday. But their access is blocked due to their non-performing loans or failure to meet requirements, she said. Travel firms have no assets to mortgage for the loan, she said. The conference was organised by … [Read more...] about Tourism businesses struggle to get cut-rate loans

Hanoi (VNA) - The following is a list of selected news summaries last night by the Vietnam News Agency. - Party General Secretary Nguyen Phu Trong has called for work to be accelerated to perfect the Party and political systems, socio-economic management, and the fight against corruption and negative behaviours. Party General Secretary Nguyen Phu Trong speaks at the meeting. (Photo: VNA) Chairing the 22nd meeting of the central steering committee for corruption and behaviour prevention and control in Hanoi on August 17, Trong also requested the submission of regulations regarding power control to the Politburo for approval towards fighting corruption in inspection, supervision, Party discipline enforcement, audit, investigation, prosecution, trial and enforcement of judgments, law-building, use and management of public finances and assets, and press and media activities. Read full story - President Nguyen Xuan Phuc has said that Vietnam wants to cooperate with Israel in … [Read more...] about ☀️ Morning digest on August 18

The aim is to ensure the completion of the ring road by 2026 and to put it into operation from 2027. The authorities of Hanoi and neighboring cities/provinces in the Capital Zone responsible for the construction of the No.4 ring road are expected to complete the preparation by January 31, 2023 and begin works no later than June 30. Ring-road No.4 is set to create breakthroughs for development in Hanoi and neighboring cities/provinces. File photo Deputy Prime Minister Le Van Thanh gave the timeline in Government’s resolution No.106, to implement the National Assembly’s investment policy on the construction of the Ring-road No.4. Under the resolution, the Government assigned the Chairman of the People’s Committee of Hanoi, Hung Yen, and Bac Ninh to approve sub-components of the projects in compliance with regulations on public investment. In this regard, the Ministry of Construction would be responsible for reviewing the feasibility study report for the … [Read more...] about Construction of the No.4 ring road to kick off in mid-2023

Speaking at the event, Chairman of the N.A.’s Committee for Legal Affairs Hoang Thanh Tung said following feedback, the draft law now has 7 chapters and 79 articles, up 5 articles from the version submitted at the N.A.’s third meeting. It also upholds the role of every citizen in overseeing activities of officials and cadres to uncover and fight corruption and negative behaviors, optimize democracy, and increase public responsiveness in the implementation of democracy at grassroots levels, he said. Regulations on the establishment of people’s inspection committees at all grassroots levels were also mentioned in the draft law to ensure fairness in the non-State sector. Minister of Home Affairs Pham Thi Thanh Tra said units will consider opinions before adding regulations over businesses and organizations that lack trade unions but have youngsters or women’s unions to ensure their democratic rights. Units will also gather more feedback to help self-governing units perform … [Read more...] about Full-time legislators look into draft law on implementing democracy at grassroots levels

Delegates visit a booth at the Fire Safety & Rescue Vietnam-Secutech Vietnam-SMAbuilding 2022 international exhibition being held at the Saigon Exhibition and Convention Centre until August 20. — VNS Photo The Fire Safety & Rescue Vietnam-Secutech Vietnam-SMAbuilding 2022 international exhibition opened in HCM City’s Saigon Exhibition and Convention Centre on August 18 with 320 booths set up by over 250 exhibitors. The exhibitors are from 21 countries and territories, including the UK, India, Australia, China, Taiwan, Germany, Korea, the US, Japan, Italy and Viet Nam. Organised by the Viet Nam Advertisement and Fair Exhibition JSC and Messe Frankfurt Group, the event showcases products and technologies used in fire prevention and rescue, security and smart building and smart houses. To run until August 20, it will feature an international workshop on digital transformation in and technological solutions for fire prevention and fighting in super high-rise buildings and … [Read more...] about International exhibition on fire safety, rescue, smart building opens in HCM City

Denmark, through strategic sector cooperation (SSC) with Vietnam, helps implement national action plan in agriculture while promoting the engagement of stakeholders in the value chain. Among issues shared at an event held in Hanoi on August 17, Vietnamese officials, experts, and businesses were impressed with the philosophy of “producing more from less” in Denmark’s agri-food sector. Denmark targets the climate-neutral food industry by 2050. Photo: Danish Agriculture and Food Council Troels Jakobsen, Trade Counsellor of the Embassy of Denmark, said Denmark produces three times more food than the Danish population can consume, with some of the lowest greenhouse gas emissions in Europe. The idea was shared at Seminar – Business Matchmaking held in Hanoi on August 17 to discuss Danish experiences and solutions in sustainable agri-food production. Meanwhile, Jeppe Søndergaard Pedersen, International Chief Advisor, the Danish Agriculture and Food Council, … [Read more...] about “Produce more from less”: Danish agricultural philosophy for Vietnam