ADB says money laundering laws urgently needed (05-03-2005) HA NOI — Experts from the Asian Development Bank (ADB) have urged Viet Nam to fast track the setting up of a legal framework aimed at preventing money laundering, even though the country is not classified as a primary concern. ADB experts urged Government officials to make money laundering laws a priority at a two-day workshop in Ha Noi that ended on Thursday. They stressed that a legal system specialising in the control of money laundering is a precondition for any economy that is working towards global integration. They said that business people and investors are looking for a well-controlled financial source and lower interest rate, which results in a lower risk for their investments. The workshop was co-sponsored by the State Bank of Viet Nam (SBV) and ADB, which reported that a draft of a regulation against money laundering was submitted to the Government in November, 2004, following more than 2 years preparation. A … [Read more...] about ADB says money laundering laws urgently needed
Climate change report signals urgent need for firm solutions (14-03-2009) Director of the Viet Nam-Sweden Programme for Strengthening Environmental Management and Land Administration Truong Quang Hoc explains how Viet Nam has tackled climate change to Viet Nam News. What is your evaluation of how climate change is likely to effect Viet Nam? Climate change is a big worry not only for Viet Nam but also the world. The changing themes of World Environment Day show how the responses have become more urgent. In 2007 it was, "Melting Ice: a Hot Topic?" and last year, "CO2, Kick the Habit. Towards a Low Carbon Economy." This year it's, "The Planet Needs You - Unite to Combat Climate Change". Viet Nam is among the countries likely to be most seriously impacted by climate change and mass urbanisation is making it occur very rapidly here. Inadequate population planning and infrastructure is exacerbating the change while 60 per cent of the country's cities and provinces are on the coast where … [Read more...] about Climate change report signals urgent need for firm solutions
Many people and businesses in the province are facing hindrances when have demand to deal with documents regarding land, including the granting, change or transfer of the land use right certificates. For this great concern, Binh Duong Daily had an interview with Bui Van Hai, deputy director of provincial Department of Natural Resources and Environment (DoNRE). What measures have your department stepped up to settle an urgent need of asking for the granting, change or transfer ofthe land use right certificates? Provincial People's Committee, on August 14, promulgated Document No.2343/UBND-KTN on the instruction of granting the land use right certificates to applications that were received prior to August 1 under the old regulation. For applications received from August 1, they will be checked and reckoned up for the granting of the land use right certificates in accordance with the new regulation. If there is no guidance circular on the granting of the land use right certificate … [Read more...] about Binh Duong: Land-use right certificate, an urgent need of locals and businesses
In his statement at the official Asia-Pacific Economic Cooperation (APEC) forum trade ministers meeting on June 2nd Morning, Vice-Prime Minister Vu Khoan frankly shared the thoughts of the host country: "APEC is facing the urgent need for reforming, perfecting itself and affirming its position in the world economy" According to Vice-Prime Minister Vu Khoan, the task of the Meeting of Ministers Responsible for Trade (MRT) is to map out an action plan for implementing the Busan Roadmap toward Bogor goals that is to say "towards a dynamic community and a sustainable development" like the 2006's APEC topic. The Vice-Prime Minister also Suggests that MRT find measures to minimize and remove restrictions on foreign investment, protect the intellectual property right, intensify economic-technical cooperation, cope with new challenges threatening the development and cooperation among the economies. He hopes that MRT will be able to convey a message of the necessity to remove difficulties, … [Read more...] about APEC is facing the urgent need for reforming, perfecting itself and affirming its position: many commitments were made at the Asia-Pacific Economic Cooperation (APEC) forum trade ministers meeting.
Fundamental Strategy Urgently Needed By Hoang Xuan Huy The VN-Index exceeded 420 points in a recent trading session and market liquidity improved significantly thanks to comparatively low month-on-month inflation in February and interest rate cuts in some banks. However, what the market needs in the long term is a fundamental strategy, rather than short-term technical fixes. To a large extent, macroeconomic instability was responsible for the dismal performance of the VN-Index in 2011 and the first two months of 2012. Other diseases haunting Vietnam’s stock market include appalling liquidity, rampant stock price manipulation, and the lack of information on share quality. It seems that the woes of Vietnam’s bourses essentially arise from internal shortcomings, rather than external shocks. Stock quality: shades of grey In Vietnam’s stock market, product quality is not only woeful but, in many cases, difficult to determine. To begin with, listed firms are not subject to … [Read more...] about Fundamental Strategy Urgently Needed