Investment year method

Minister of Planning and Investment Nguyen Chi Dung Public investment has been disbursed slowly in the first half of this year which shows weaknesses in the guidance and direction of the localities. Minister of Planning and Investment Nguyen Chi Dung spoke to Vietnam News Agency about the reasons for the situation and solutions to speed up the disbursement rate and implementation progress. Could you explain why the disbursement rate of public investment capital was low in the first half of this year? By the end of May, the disbursement rate of public investment reached 22.4 per cent of the plan assigned by the Prime Minister, below the Government’s expectation. This led the Prime Minister to set up six working groups to inspect and push for faster disbursement in the ministries and localities with low rates. However, in my opinion, to assess whether it is slow or not, it’s necessary to look at it in a broad perspective and across the whole period. For example, during the … [Read more...] about Radical and long-term measures needed to boost public investment disbursement

Leaders of a raft of top companies and organisations have talked about raising more awareness on reducing plastic use, Chi Cuong In order to do that, we try to control the plastic stream starting from the extracting process and manufacturing to consumption. This is an entire process that we need to care for, on how to reduce the number of plastic bags in the environment, and to achieve that we consider designing one of the most important things. Our colleagues have a say about what they have done throughout the production process and throughout retailing, and also about consumption. We can reduce the use of single-use plastic bags, we can reduce plastic packaging, and we can remove plastic straws from each product. The main thing that we will do is work together to reduce plastic and even apply new ways in terms of biodegradable plastic. We should also be careful as microplastics may become more of a problem. Next year, the prime minister will issue a national plan for the … [Read more...] about Applying popular new methods to combat single-use plastic habit

Nguyen Duc Thach Diem, permanent vice chairwoman of the board of directors cum CEO of Sacombank. — Photo courtesy of Sacombank Nguyen Duc Thach Diem has been re-appointed as CEO of Sai Gon Thuong Tin Commercial Joint Stock Bank (Sacombank) for five years. Her new term began June 30, 2022. Diem is now permanent vice chairwoman of the board of directors cum CEO of Sacombank. She was appointed CEO in 2017 when the bank began a post-merger restructuring process in the face of numerous difficulties and challenges in terms of personnel, operational efficiency and bad debts. Diem and her team managed to put a restructuring plan on the right track to achieve growth and improve operational efficiency over the years, making Sacombank an example of success in restructuring in Viet Nam’s banking industry. In the five years since restructuring, Sacombank has recovered and handled nearly VND72 trillion (US$3.09 billion) worth of bad debts and outstanding assets, meeting 67.9 per cent of … [Read more...] about Sacombank re-appoints Nguyen Duc Thach Diem as CEO for five years

Mexico considers Vietnam a strategic market in Asia-Pacific. Mexico is willing to become a gateway for Vietnamese goods to enter the North American and Latin American markets to take advantage of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Speaking at the Vietnam-Mexico business forum in the Mexican capital with the participation of nearly 100 businesses from both countries, Luz Maria de la Mora, Undersecretary for Foreign Trade in Mexico's Secretariat of Economy highly appreciated the progress of economic and trade relations between the two countries in recent years. Vietnamese and Mexican businesses exchange information at the forum in Mexico. Photo: Vietnamplus Mexico considers Vietnam a strategic market in Asia-Pacific, she said. She expressed hope that the authorities of the two countries continue to strengthen coordination while businesses tap the potential of CPTPP, thereby contributing to economic recovery … [Read more...] about Vietnam, Mexico seek to promote trade

Saigon Investment had a talk with Dr. HO QUOC TUAN, University of Bristol, U.K., to discuss this issue further and asked him as to what Vietnam needs to do to face this new trend. JOURNALIST: - Sir, what do you think about the trend of issuing CBDC in the world, and which direction should Vietnam go in the future? Dr. HO QUOC TUAN - To start with we need to look at why Central Banks must bring in this system. Firstly, Central Banks see the future of the world as a cashless society, and they want to introduce an option for a digital currency. Secondly, by developing CBDC it is a way to create pressure as well as create a payment system with the expectation of reducing financial costs. Thirdly, some countries like China have ambitious plans for their currency to become the world's main dominant reserve currency. If the renminbi doesn't play that role today, they hope pioneering the cryptocurrency will give them this edge. Looking at these options, Vietnam needs a CBDC to solve … [Read more...] about Central Bank Digital Currency necessary for Vietnam

More and more universities have priortised or enrolled students who have international foreign language certificates. (Photo: Vietnam Plus) Hanoi (VNA) – University leaders have suggested students spend more time learning foreign languages to get good jobs after graduation. Foreign language certificate - a criterion in enrolment More and more universities have priortised or enrolled students who have international foreign language certificates, especially English, for the 2021-2022 academic year. The universities, both public and private, have set English as an admission criterion. Universities in the public security sector, for example, will for the first time admit new students based on their high school performance and English competency. Accordingly, applicants eligible for the universities’ enrolment plans must have IELTS Academic or TOEFL iBT or HSK certificates. The Hanoi Medical University said it will also include English as one of the criteria in its … [Read more...] about Universities’ foreign language requirements: a boost to foreign language teaching, learning ​