Venture capital funds

According to the Ministry of Finance, the disbursement of the state budget capital as of the end of July stood at nearly $8.1 billion, accounting for 34.47 per cent of the yearly plan and a slight on-year reduction. Of this, one centrally-run agency and 11 localities reported disbursement at more than 50 per cent, 17 ministries and agencies have reported less than 10 per cent, and the remaining met the national average. Some major infrastructure projects are delayed and costs are only going to go up in that case, Le Toan Specifically, in Ho Chi Minh City, the disbursement of public investment in the first seven months accounted for about 15 per cent of the total allocated capital or almost $1.4 billion. This figure includes $108 million from the central budget and $1.28 billion from local funds. Many important works in the city have yet to expense anything, including one project for green traffic development, a water improvement initiative in the Tau Hu-Ben Nghe-Doi-Te … [Read more...] about Direction for disbursement tightened after mixed results

A strong business community will build an independent and highly resilient economy. Localities are expected to further create a favorable environment for business operation, especially in simplifying administrative formalities and avoiding petty corruption. Prime Minister Pham Minh Chinh at the conference. Photos: Nhat Bac Prime Minister Pham Minh Chinh stressed the view during a conference between the Government’s leader and business community on August 11, which drew the participation of 1,200 delegates from a business association and local companies. According to Chinh, more than two years since the outbreak of the Covid-19 pandemic, Vietnam has now put the situation under control and maintained positive growth. Vietnam’s GDP  during the six months expanded by 6.42%, higher than the 5.74% rate in the same period last year, and equivalent to the growth rate recorded in the pre-pandemic period 2016-2019 (6.38%). In addition, Chinh also pointed out high … [Read more...] about PM urges favorable environment for businesses

The Ministry of Finance (MoF) is working on perfecting governmental Decree No.153/2020/ND-CP which regulates privately-placed corporate bond issuances. One of the highlights of the amended decree is gearing individual professional investors’ attention to bond products of better quality, mandating enhanced conditions from service providers, and adding regulations about the rights and responsibilities of market supervisory bodies. The MoF is working on perfecting regulations on corporate bond issuance and trading Accordingly, in light of the proposed amended Decree, individual professional investors need to possess a bond value touching VND1 billion ($43,470), stock investment value reaching VND2 billion ($86,950), and an account value (not using margins) maintained at least six months. In addition, investors must clearly understand the conditions, clauses, and risks associated with the bond investment, and ensure to fully abide by regulations before engaging in … [Read more...] about Constituting a healthy corporate bond market

The capital city will give priority to young cadres or female cadres. Hanoi has made a plan to spend nearly VND90 billion (US$3.9 million) to train public servants in developed countries, according to the municipal People’s Committee. The committee said early this week that its overseas training project will focus on refreshing and enhancing professional knowledge and skills for around 500 cadres, civil servants, and public employees from the city’s six departments during the 2022-25 period. These departments need to make detailed plans for their qualified employees to take such refresher courses in Australia, Germany, France, Japan, New Zealand, Singapore, the US and among others, the committee added. It noted that the training courses are expected to upskill Hanoi’s employees, thereby strengthening their work effectiveness and contributing to the capital city’s management efficiency. A staff guides a local resident administrative documents at an office … [Read more...] about Hanoi to spend nearly $3.9ml on overseas training for public officials

At the event entitled Hanoi-Vientiane (Laos) Cooperation for Mutual Development, businesses from the two sides agreed to boost cooperation in manufacturing investment, tourism, transport, hotels, agriculture, and high-tech agriculture. Director of Hanoi Centre for Investment , Trade, and Tourism Promotion (HPA) Nguyen Anh Duong said that the centre will organise programmes in Vientiane to create opportunities for businesses from the two countries to increase investment cooperation and tourism promotion. At the conference in Hanoi on August 10 According to the Hanoi Department of Planning and Investment, in the first six months of 2022, Hanoi’s export turnover to Laos reached $74.8 million and the import value hit $98.3 million. The HPA will organise programmes in Vientiane to create opportunities for businesses from the two countries to increase investment cooperation and tourism promotion. The exhibition highlighting the solidarity and … [Read more...] about Hanoi and Vientiane seek to strengthen cooperation

Delegates discuss issues related to sustainable development at the ‘Good for Business, Good for Planet’ seminar held in HCM City on Wednesday. — VNS Photo Shifting to green growth would help businesses increase their competitiveness and catch up with trends in the domestic and foreign markets, delegates told a seminar in HCM City on Wednesday. As one of the world's most vulnerable countries to climate change, Viet Nam has made multi-dimensional efforts to drive the whole nation towards its collective goal of reaching net zero greenhouse gasses emissions targets, achieving sustainable development, and contributing to tackle the global climate change crisis, they said. Speaking at the ‘Good for Business, Good for Planet’ seminar held by Nhip Cau Dau Tu magazine, Tim Evans, CEO of HSBC Vietnam, said, “The green journey that Viet Nam has embarked on is bringing both opportunities and challenges. Those businesses who get onboard early can capture major opportunities and build a … [Read more...] about Going green gives businesses a competitive advantage