In addition, HCMC People’s Committee has just issued a decision regarding the updates and adjustments of the e-government architecture of HCMC, aiming at synchronizing IT applications in state offices sited in the city in accordance with development strategies for transforming HCMC into a smart city and the e-government establishment project. … [Read more...] about HCMC to use digital transformation to completely renovate state operations
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The State spends big money to build and operate schools for the gifted, but many people think it is a waste of resources. In Vinh Phuc province, students at the schools can receive VND2.2 million to buy school supplies and personal belongings and live in dormitories for free. … [Read more...] about How much money will the state pour into schools for the gifted?
Phnom Penh (VNA) - The Office of the Council of Ministers of Cambodia has approved the draft law on control, use and management of the state assets during a closed-door Cabinet meeting chaired by Prime Minister Hun Sen, according to Khmer Times. The draft law initiated in November 2014 comprises 12 Chapters and 90 Articles. According to the draft, any companies which are allowed to do business involving state assets will only be given leases of between 15 and 50 years. Other conditions must also be strictly adhered to, failing which the lease can be revoked at any time. The draft notes that economic land concessions must also not go on beyond 50 years and the amount of the land involved must not exceed 100,000 hectares. Each person can receive economic land concession in several locations but the total amount of land must not be larger than 100,000 hectares. Chapter 10 of the draft law deals with punishments for “competent authority and concerned officials” who fail to … [Read more...] about Cambodia: Council of Ministers approves draft law on state assets
Hanoi (VNA) - The State Bank of Vietnam set the daily reference exchange rate at 23,234 VND per USD on June 19, down 5 VND from the previous day. With the current trading band of +/-3 percent, the ceiling rate applied to commercial banks during the day is 23,931 VND/USD and the floor rate 22,536 VND/USD. On the contrary, the opening hour rates at commercial banks rose. At 8:25 am, BIDV listed the buying rate at 23,120 VND/USD and the selling rate at 23,300 VND/USD, both up 10 VND from June 18. Techcombank added 15 VND to both rates, listing the buying rate at 23,105 VND/USD (buying), and 23,305 VND/USD (selling). Vietcombank listed the buying rate at 23,080 VND/USD and the selling rate at 23,290 VND/USD, unchanged from June 18. During the week from June 15 to 19, the daily reference exchange rate was adjusted up for the first two days and down on the remaining days, ending the week 5 VND lower than on Monday. The rates listed at commercial banks fluctuated but also ended the … [Read more...] about Reference exchange rate down 5 VND on June 19
In June alone, the nation shipped 110,000 tonnes of rubber abroad with a value of US$130 million, marking an increase of 46.9% in volume and 44.5% in value from the previous month, despite representing a drop of 9.8% in volume and 25% in value from June, 2019. Moreover, the average export price endured a year-on-year fall of 16.9% to US$1,182 per tonne, causing the average price during the six-month period to drop by 2.9% to US$1,330 per tonne. … [Read more...] about First half of year hit by plunging rubber exports