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Public-Private-Partnership model fails to draw investors

July 2, 2022 by www.sggpnews.org.vn

The Saigon 2 Bridge (left) is built in the form of PPP. (Photo: SGGP) However, ever since the PPP Law took effect, this model has not attracted enough investors, although there is a lot of room for mobilizing social resources to invest in public projects. Rights not defined Under the PPP model the State and private investors jointly sign a contract to share benefits, risks, and responsibilities of construction of works or provision of public services. Both these entities are equal partners under the civil law in the project contract. However, the PPP Law does not clearly define the rights and obligations of each of these two entities. According to the PPP Law, the competent agencies specified in Clause 1 in Article 5 are the Ministry, the provincial People's Committee, and the agency established by the Government or the Prime Minister. These are state management agencies, but when they appear as partners, the mode of operation bears the imprint of public authority, leading … [Read more...] about Public-Private-Partnership model fails to draw investors

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Vietnam issues new template passports for citizens from July 1

July 1, 2022 by hanoitimes.vn

The new template passports aim to prevent the creation of fake passports. The Ministry of Public Security (MPS) started issuing new template passports for Vietnamese citizens today [July 1], according to the Immigration Department of Vietnam. The move is aimed at implementing Circular 73/2021/TT-BCA of the MPS on passport specimens. Each page of the new passport will be printed with renowned Vietnamese scenery and cultural heritage, namely Ha Long Bay, Hung King Temple, Hue Imperial Citadel, Hoi An Ancient Town, My Son Sanctuary, Nha Rong Habour, Lung Cu Flag Tower, and among others. This helps promote the image of Vietnam and uphold the country’s tradition, history, geography, and culture. The new passport is expected to ensure technical safety and prevent counterfeiting. Photo: VGP Moreover, the passport with the new template is expected to ensure technical safety and prevent passport forging. Vietnamese citizens can access public administration … [Read more...] about Vietnam issues new template passports for citizens from July 1

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Vietnam’s National Assembly to legalize commitments at COP26

July 1, 2022 by hanoitimes.vn

Vietnam’s commitments at the COP26 showcase its strong political will in the fight against climate change and transitioning to a green economy. Vietnam’s National Assembly (NA) would step up its legislative role to ensure the country’s successful realization of commitments at COP26, including their legalization into the legal framework, and allocate funds for green growth. NA Chairman Vuong Dinh Hue and UK Cabinet Minister and President-Designate of COP26 Alok Sharma. Source: quochoi.vn “The NA would continue supervising the Government in implementing national plans and potential adjustment toward green growth.” NA Chairman Vuong Dinh Hue gave the remarks during a meeting with the UK Cabinet Minister and President-Designate of COP26 Alok Sharma on June 30. At the meeting, the UK minister said the climate change issue has now become an urgent matter, and expressed his impression of Vietnam’s determination in transitioning to renewables. Sharma also … [Read more...] about Vietnam’s National Assembly to legalize commitments at COP26

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Hanoi eyes cooperation with UK to develop clean energy

July 1, 2022 by hanoitimes.vn

Vietnam and the UK have achieved impressive cooperation results in the fields of politics, diplomacy, economy, culture, and tourism in recent years. Hanoi hopes the UK will strengthen cooperation and share its experiences in the use of clean energy, said Secretary of Hanoi Party Committee Dinh Tien Dung in the meeting with British Ambassador to Vietnam Gareth Ward, who came to say goodbye before ending his tenure in Vietnam, in the capital city on July 1. Hanoi Party Secretary Dinh Tien Dung and officials receive British Ambassador to Vietnam Gareth Ward. Photo: kinhtedothi Dung said the city is planning to promote the use of clean energy, which is seen as an effective solution for protecting the environment and combating climate change. He highly appreciated the relationship between Vietnam and the UK in recent years. Despite being heavily affected by the Covid-19 pandemic, the two sides have still achieved impressive cooperation results in the fields of … [Read more...] about Hanoi eyes cooperation with UK to develop clean energy

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HCM City calls for E.U. investment in nearly 200 projects

July 1, 2022 by en.qdnd.vn

Dao Minh Chanh, Deputy Director of the municipal Department of Planning and Investment, said E.U. countries are investing in 2,724 projects in HCM City, mostly in the fields of manufacturing and processing, retail and wholesale, motor and automobile repair and maintenance, and information and communications. Worth a total of 7.69 billion USD, they account for 10.27% of FDI in the city, he said. HCM City has constantly improved its business climate and adopted various incentives to encourage more FDI, he said, adding that most notably among the incentives include reductions in corporate income tax, import-export duties and land lease. Vo Van Hoan, Vice Chairman of the municipal People’s Committee, highlighted the importance of the E.U.-Vietnam Free Trade Agreement (EVFTA) which has entered into force, saying it has brought great and balanced benefits to both sides and there is a huge opportunity for Vietnam and the E.U. to step up bilateral economic cooperation. With the E.U.’s … [Read more...] about HCM City calls for E.U. investment in nearly 200 projects

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Vietnam seeks stronger trade, education ties with U.K.

July 1, 2022 by en.qdnd.vn

At a meeting in London on June 30 with Kenneth Atkinson, head of the British Business Group in Vietnam (Britcham), and representatives of British groups and investment funds operating in Vietnam, Hue affirmed that the relationship between Vietnam and the U.K. is at an all-time high. He believed the U.K. will continue to elevate its role and position in terms of economy, trade and investment in Asia-Pacific, including the Association of Southeast Asian Nations (ASEAN) and Vietnam. The N.A. Chairman said two-way trade has reached 6-7 billion USD per year, but there remains huge room for the countries to boost trade. Hue expressed his hope that Britcham will further affirm its role in attracting and guiding British businesses in Vietnam, while intensifying its consultation and policy support for these firms. The Vietnamese legislature, government, ministries, agencies and localities are willing to work to improve the investment and business environment for both domestic and … [Read more...] about Vietnam seeks stronger trade, education ties with U.K.

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