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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

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

Prime Minister Pham Minh Chinh (R) presents a souvenir to Ambassador Dang Hoang Giang, head of the Permanent Delegation of Vietnam to the United Nations. (Photo: VNA) He made the request during a working meeting visit with the Permanent Delegation of Vietnam to the United Nations (UN) as part of his trip to the US. These above-mentioned issues require a global approach, calling for the cooperation of countries and multilateralism, of which the most important mechanism is the UN, the PM said. At the same time, the mission should strictly follow the foreign policy of independence, for peace, friendship, cooperation and development, multilateralisation and diversification of external relations. According to the PM, it is essential to have deep knowledge on the role of the UN and the role of Vietnam in the UN. He asked the delegation to continue to further review the country’s experience during the two tenures serving as a non-permanent member in the UN Security Council. He also … [Read more...] about PM meets Permanent Delegation of Vietnam to UN

Modern medical equipment in Vietnam National Cancer Hospital helps to improve disease treatment quality MoH informed that the demands on medical equipment of healthcare institutes in Vietnam lately have gone up significantly, while the investment from state budget, the Official Development Assistance (ODA) loan, the financial support, and the fund for operational development of each unit are all limited. Therefore, healthcare institutes have borrowed medical machines and devices from auction winners for medical supplies and chemicals to answer these needs. On April 12, 2018, the Health Ministry sent formal Dispatch No.2009/BYT-KHTC to Vietnam Social Security (VSS) regarding health insurance payment for technical services related to these borrowed machines. On October 2, 2018, the two units agreed on payment details for this form in Announcement No.1039/TB-BYT-BHXH. It clearly states that VSS continues to use health insurance to pay for technical services of patients using … [Read more...] about Health insurance payment for services using borrowed machines show inconsistency

Ekkasit Lakkananithiphan, president of Dow Vietnam As one of the prominent companies focusing on green technology, how has Dow Vietnam contributed to the country’s sustainability goals? As a global materials science company, we have primary sustainability goals. The first is to protect the climate, in which we implement and advance technologies to manufacture our products using fewer resources for carbon neutrality by 2050. And to tackle the plastics pollution, our goal is also to stop the waste and focus on investments in key technologies and infrastructure to significantly increase global recycling. By 2030, we aim to have one million metric tons of plastic collected, reused, or recycled globally through direct actions and partnerships. The next goal is to close the plastics loop by enabling all Dow products sold in reusable or recyclable packaging applications by 2035. In Vietnam, our focus is to educate people to change behaviours and segregate waste at its source … [Read more...] about Dow Vietnam committed to Vietnam’s sustainability

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