According to the draft, private placement corporate bond issuers must meet the following conditions: profitable business results in the previous year; total outstanding debt of bonds does not exceed three times of equity; having collateral if the total outstanding debt exceeds the equity. “Many people say that the corporate bond market poses risks and needs to be tightened. However, perfecting the legal system does not mean tightening it. Instead, it is necessary to ensure that information reaches the market in an open, transparent, and accurate manner," lawyer Truong Thanh Duc, Director of Law ANVI Firm, said. According to him, it is important now to focus on perfecting the credit rating regulations. In the immediate future, it is possible to follow regulations in a trade-off way. For example, a business with credit rating results will not need, or will need one or two more conditions for issuance because credit rating has covered many audit conditions. If there is no credit rating, … [Read more...] about Tight regulations for corporate bond market must not cause market collapse
To take care of yourself
Vietnam, Canada red cross societies eye long-term cooperation
At the talks between the two red cross societies (Photo: redcross.org.vn) Hanoi (VNA) - The Vietnam Red Cross Society (VRCS) and its Canadian counterpart have agreed to support each other in humanitarian activities and look towards a long-term cooperation agreement in the time ahead. Vice President and Secretary General of the VRCS Nguyen Hai Anh told visiting President and CEO of the Canadian Red Cross (CRC) Conrad Sauvé during their talks in Hanoi on May 21 that he is delighted at the fruitful cooperation between the two countries and the associations. Anh spoke highly of the Canadian government and the CRC for their support to Vietnam, both material and spiritual, and in international activities. The VRCS will further back the CRC to engage in the executive councils of the International Red Cross and the Red Crescent Movement, and support its Canadian counterpart in movements. Sauvé said both Vietnam and Canada face such challenges as climate change and natural … [Read more...] about Vietnam, Canada red cross societies eye long-term cooperation
Man growing cannabis plants in his flat gets 7 months in jail
Shedko Dmitrii testifies that he often suffered pain due to his injured arm, so he uses cannabis to relieve pain On the morning of May 23, the People's Court of Binh Thuan province opened the first-instance trial against defendant 33-year-old Shedko Dmitrii for possessing narcotics illegally. According to the indictment, on the evening of December 24, 2021, police officers in Ham Tien Ward suddenly raided a house rented by foreigners in the area. During the inspection, the police force discovered Shedko Dmitrii planted 27 cannabis plants about 1-2m high in the bedroom. At the scene, the functional force discovered that while taking care of cannabis in the bedroom, Shedko used an irrigation system, and electric lights to light and regulate the temperature of the plants. In addition, police officers also seized 3kg of dried cannabis that was prepared and many related exhibits in his bedroom. At the trial, Shedko Dmitrii testified that he often suffered pain due to his … [Read more...] about Man growing cannabis plants in his flat gets 7 months in jail
Gia Lai seeks partnerships with Japan in agriculture, renewable energy, tourism
The Gia Lai Department for External Relations and the Japan - Vietnam Exchange Centre sign a cooperation deal at the workshop on May 22. (Photo: VNA) Gia Lai (VNA) – The Central Highlands province of Gia Lai held a workshop on May 22 to introduce its potential and seek chances for investment cooperation with Japan in agriculture, processing, renewable energy, and tourism. Ho Phuoc Thanh, Vice Chairman of the provincial People’s Committee, said Gia Lai is inviting investment to hi-tech agriculture, agricultural services, intensive processing, renewable energy, and tourism, which are among the pillars identified in its socio-economic development strategy for 2021 - 2030. Although most of local enterprises are of small or medium size, many are turning out products meeting European standards such as the Vinh Hiep Co. Ltd and the Dong Giao Foodstuff Export JSC, which were also the first of Vietnam to export to Europe under the EU - Vietnam Free Trade Agreement (EVFTA), he … [Read more...] about Gia Lai seeks partnerships with Japan in agriculture, renewable energy, tourism
More favourable rule system urged for healthcare PPPs
Speakers at last week’s conference noted that dozens upon dozens of multinationals are interested in the healthcare PPP model in Vietnam. Photo: Chi Cuong At last week’s conference on the issue, hosted by VIR , Deputy Minister of Planning and Investment Tran Duy Dong said that Vietnam’s healthcare sector is facing a number of big issues, including rising infectious and non-communicable disease figures, hospital overload, and an ageing population. The pandemic has also revealed some weaknesses in the sector. “To further improve healthcare service quality and meet demand, mobilising financial resources for new development of infrastructure and medical equipment is a key requirement,” he noted. For the past five years, the government has looked to strengthen the implementation of a model for public-private partnerships (PPPs) for the public sector, including in healthcare services. However, according to VIR’s editor-in-chief Le Trong Minh, the picture of such investment in … [Read more...] about More favourable rule system urged for healthcare PPPs
Bayer enhancing sustainable alliances
A signing ceremony with the Medical Service Administration underlined joint efforts to raise public awareness on stroke prevention Speaking at last week’s conference hosted by VIR on public-private partnerships (PPPs) in the healthcare sector, Dr. Tran Thi Lan Huong, medical director of the Pharmaceuticals Division at Bayer Vietnam, acknowledged that PPPs have become a hot topic in Vietnam’s healthcare sector. “Bayer has led different initiatives to form partnerships with external parties,” Huong said. “We would like to highlight the value of innovation as well as the importance of collaborations and partnerships from both public and private sectors to better control diseases and improve healthcare services in the community.” The ongoing pandemic has triggered even much higher demands for health services and, in response, Vietnam has made efforts to urgently increase its capacity to test, trace, and treat patients while also maintaining essential health services. A wide … [Read more...] about Bayer enhancing sustainable alliances