The Government will abolish administrative procedures for issuing investment registration certificates for Public-Private-Partnership (PPP) projects, according to the government’s Decree 63 (Photo: baodauthau.vn) Hanoi (VNA) - The Government will abolish administrative procedures for issuing investment registration certificates for Public-Private-Partnership (PPP) projects, according to the government’s Decree 63. This is one of the key contents of the newly-issued decree on investment under the PPP model, which is set to replace a previous one. It will come into effect on June 19 this year and is expected to simplify administrative procedures and save time for investors. Deputy Minister of Planning and Investment (MPI) Vu Dai Thang said that the PPP investment model was not new in Vietnam. It had been developed with the participation of the private sector and foreign investors at different levels. There were infrastructure projects, notably those in the transport … [Read more...] about New decree clarifies PPP projects
Media management new school
Higher PMI signals improved health of manufacturing sector: survey
The Purchasing Managers’ Index (PMI) of Vietnam rose to a four-month high of 52.5 in April (Photo: VNA) Hanoi (VNA) – The Purchasing Managers’ Index (PMI) of Vietnam rose to a four-month high of 52.5 in April from 51.9 in March, signalling a solid monthly improvement in the health of the manufacturing sector, according to a Nikkei-IHS Markit survey. In a news release on May 2, Nikkei said growth was maintained in the Vietnamese manufacturing sector during April as firms were again successful in securing new orders, which increased at a rate broadly in line with that in March. Manufacturing production rose for the seventeenth successive month. Meanwhile, purchasing activity continued to rise solidly, with the latest increase helping to support the first accumulation in pre-production inventories since January. Stocks of finished goods also expanded. New orders are predicted to increase further over the coming year, helping to boost sentiment around production … [Read more...] about Higher PMI signals improved health of manufacturing sector: survey
Deputy PM urges SBV to speed up settlement of bad debts
Transactions at Sacombank’s branch in the northern province of Lang Son (Photo: VNA) Hanoi (VNA) - The State Bank of Vietnam (SBV) needed to speed up the settlement of non-performing loans (NPLs) to bring down the bad debt ratio of the entire banking system, including both NPLs owned by credit institutions and the Vietnam Asset Management Company (VAMC), to below 3 percent by 2020. Deputy Prime Minister Vuong Dinh Hue made the request at a conference held by the SBV in Hanoi on August 28 to review the implementation of the National Assembly’s Resolution 42/2017/QH and the Prime Minister’s Decision No 1058/QD-TTg on the structure of credit institutions (CIs) system associated with dealing with bad debts in the 2016-20 period. The NPL ratio at credit institutions must be reduced to a safe level according to international rules, Hue stressed. Nguyen Van Du, the SBV’s deputy chief inspector, said that after a year of implementing the regulations, the … [Read more...] about Deputy PM urges SBV to speed up settlement of bad debts
The press urged to raise public awareness of sustainability reports
Jonas Grunder, deputy head of cooperation at the Swiss Embassy in Vietnam, speaks at the workshop in Hanoi on May 29 (Photo: VNA) Hanoi (VNA) – A workshop was held in Hanoi on May 29 to help the press learn about sustainable development issues for businesses, calling for their help in raising public awareness of corporate sustainability reports. The workshop, themed "Media and Sustainability Reporting: Awareness and Reality", was under the project "Corporate Sustainability Management and Reporting for Competitive Business", funded by the Swiss State Secretariat for Economic Affairs. Jonas Grunder, deputy head of cooperation at the Swiss Embassy in Vietnam, said: "We believe that this project is highly relevant in Vietnam given the new context of a globally integrated economy. While economic integration advances with free trade agreements strongly benefiting Vietnam, they also result in higher regulation and competition for enterprises, in particular small and medium-sized … [Read more...] about The press urged to raise public awareness of sustainability reports
85 pct of listed firms report Q3 profits
The data was published by stock market database FiinPro Platform after studying 832 listed companies on three stock exchanges which had published their financial reports as of November 1. Among the profitable firms, 15 percent had already reached their profit target for the whole year. Total net profit of the firms rose 23 percent year-on-year to over VND73.6 trillion ($3.17 billion). The top three sectors with highest profit growth were telecommunications, insurance and banking. The banking sector alone recorded VND22.8 trillion ($982.6 million) in profit, up 45 percent year-on-year, thanks mainly to a strong performance from Vietcombank. The real estate sector managed to post 20 percent profit growth to VND11 trillion ($474.13 million) despite forecasts of challenges this year. Vinhomes accounted for almost half of the profit. Without Vinhomes, the real estate industry’s profit would only have grown by 3 percent year-on-year due to tightened legal regulations on … [Read more...] about 85 pct of listed firms report Q3 profits
