Rural urban migration effects on rural areas

Le Minh Sang, health specialist at World Bank Vietnam Healthcare public-private partnerships (PPPs) can be classified into five types (see Figure 1) depending on the roles and responsibilities that the private sector takes. Each type has certain advantages and disadvantages. A managed equipment service PPP enables major equipment suppliers to own and manage all equipment required for health facility operations. Under an operation and management services PPP, a private partner is contracted to operate and manage a hospital, health facility, or health network in exchange for a management fee. Specialised services PPPs involve a government contract with a private partner to deliver specific services (dialysis, radiotherapy, laboratory testing) at public healthcare facilities. In a health facility PPP, the government retains control of clinical services, but the private sector provides some combination of the detailed design, construction, and refurbishment of infrastructure. And … [Read more...] about Narrowing the gap for PPPs in health

Hanoi-headquartered Techcombank recorded another year of stellar financial performance and growth in 2021, while continuing to support its customers, employees and communities in Vietnam, especially those impacted by the Covid-19 pandemic. In 2021, the bank recorded VND37.1 trillion (over $1.6 billion) in its total operating income, up 35.4 percent year-on-year. The bank’s profit before tax (PBT) rose to VND23.2 trillion. The company has achieved double-digit PBT growth for five consecutive years, at a compound average growth rate (CAGR) of 50 percent between 2016 and 2021. The bank’s performance remained resilient despite Covid-19 casting its shadow on the local markets and causing disruption to businesses and people’s lives. Techcombank grew its total assets by 29.4 percent, to VND568.7 trillion, and delivered an "industry-leading" return on its assets of 3.7 percent, according to the bank. It has also been able to maintain an impressive current account and savings account … [Read more...] about Digital, data and human excellence key components in Techcombank’s transformational journey

Prime Ministe Pham Minh Chinh addresses the Centre for Strategic and International Studies ( CSIS ) in Washington D.C. (Photo: VNA) Washington D.C. (VNA) – Prime Ministe Pham Minh Chinh has delivered a speech at the Centre for Strategic and International Studies (CSIS) in Washington D.C. during his ongoing working trip to US. The following is the full text of the speech. “SINCERITY, TRUST AND RESPONSIBILITY FOR A BETTER WORLD” Dear Dr. John Hamre, President and CEO of the Center for Strategic and International Studies, Ladies and gentlemen, I am very happy to visit the Center for Strategic and International Studies for the first time today, though this is far from the first time I hear of the CSIS, a top American think tank in the field of foreign strategies and policies and international issues. Seventy-seven years ago, President Ho Chi Minh, the national hero of Vietnam and great man of culture, prefaced the Declaration of Independence establishing the … [Read more...] about Remarks by PM Pham Minh Chinh at CSIS in Washington D.C

Public-private partnership (PPP) is a mechanism and common practice to mobilise and encourage investment in areas promoted by governments. The main characteristic of such projects is that both private investors and public authorities share the risks and responsibilities in construction and operation. The public sector typically contributes only a small portion to these projects, with the private sector still in charge of construction and operation. The risks of these projects typically involve the phases of selection, approval, design, construction, financing, operation, and management phases. Over the years, Vietnam issued several decrees before the new Law on Public-Private Partnership Investment was promulgated in 2020 and took effect from January 2021. The law and accompanying decree guiding the implementation of the law have overcome and limited barriers to investment in the form of PPP, creating favourable conditions for such investment. PPP investment in health is one of … [Read more...] about Navigating legal challenges in healthcare partnerships

Prime Minister Phạm Minh Chính received CEO of Warburg Pincus Charles Kay in New York on May 15 (US time) in New York. — VNA/VNS Photo Dương Giang NEW YORK — Prime Minister Phạm Minh Chính received executives of Warburg Pincus and Glenfarne Group in New York on May 15 (US time), as part of his working visit to the US and the UN. Meeting with CEO of Warburg Pincus Charles Kaye, PM Chính noted that it is necessary to improve the effectiveness of funding and focus on the key areas that can boost other fields. He stressed Việt Nam is investing in developing strategic infrastructure, including digital and transport infrastructure, digital transformation, climate change fight, the capital market, calling on the private equity firm to promote sources of investment in Việt Nam in these areas. Clarifying the issues of Warburg Pincus’s concern like the cooperation capability of Vietnamese companies, macro-economic stability, infrastructure, and logistics, the PM affirmed that the … [Read more...] about Vietnamese PM receives leaders of Warburg Pincus, Glenfarne Group

Downpours are in the forecast across southern Vietnam over the next days due to the influence of a southwest monsoon. Due to the effect of the southwest monsoon, medium to heavy rains are expected to hit large areas across the region from Monday to Wednesday, according to the southern hydro-meteorological forecasting. The average rainfall will be 50 to 120 millimeters in southeast localities, including Ho Chi Minh City, and 50 to 130 millimeters in the Mekong Delta. The downpours will be accompanied by occasional thunderstorms, gusts, and hail. The weather condition will pose a high risk of flooding in low-lying areas. As of Monday morning, clouds had already formed and caused rains in many locations throughout southern Vietnam. Meanwhile, rains in northern provinces were forecast to decrease in intensity starting Monday. The weather condition in the region had been affected by a cold spell over the past days. North-central and central localities will also record a … [Read more...] about Monsoon to cause downpours across southern Vietnam