The Hanoitimes - Senior government officials said that electricity and gasoline are items leaving impacts on the economy and catching public attention. PM orders checking of power price hike following social outcry Vietnamese media has questioned the Ministry of Industry and Trade (MOIT) about labeling “secret” the plans for raising electricity and gasoline prices. Government April meeting with the chairmanship of Chairman Mai Tien Dung. Photo: VGP VnExpress asked the MOIT at the government’s regular meeting last weekend why it tagged the adjustment of power and gasoline prices as “state secret” and basing on what ground. In response, Deputy Minister of MOIT Do Thang Hai said that the ministry keeps the plans unrevealed before the official announcement with an aim to avoid any unexpected impacts on the society due to the crucial role of electricity and petroleum in the economy. Hai attributed the Law on Protecting State … [Read more...] about Why does Vietnam label plans on energy price hike “secret”?
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The Hanoitimes - One of the reasons making Vietnam a key partner of the US is its well-equipped army with the import of advanced weapons over the past years. Washington looks to send second aircraft carrier to Vietnam this year How Vietnam, US heal wounds of war to build up comprehensive partnership? Vietnam, US look to advance maritime security ties Vietnam, US share views on regional peace maintenance Vietnam, US discuss settlement of disputes in East Sea US Assistant Defense Secretary for Indo-Pacific Security Affairs Randall G. Schriver once affirmed that Vietnam has appeared to be a valued partner for Washington in the Indo-Pacific region. Vietnamese Defense Minister Ngo Xuan Lich and US Defense Secretary James Mattis on the sidelines of Shangri-La Dialogue 2018 in Singapore in June 2018. Photo: AP The senior official discussed the US-Vietnam strategic cooperation during a panel at the Center for Strategic and International Studies (CSIS) in … [Read more...] about Why does the US consider Vietnam an important Indo-Pacific partner?
VietNamNet Bridge - Vietnam is economically lagging behind other countries in the region and in the world. There is a big gap in GDP per capita between Vietnam and other countries, which makes it difficult for Vietnam to catch up with them. The core of the doi moi (renovation) in Vietnam is the shift from single-ownership into a multi-ownership economy, where the central planned regime no longer exists. The 1987 Law on Foreign Investment, the 1990 Corporate Law & the Law on Private Enterprises, and the 1999 Enterprise Law have encouraged the development of Vietnam’s private economic sector. One of the revolutionary viewpoints of the 1999 Enterprise Law was that ‘people can do anything that are not prohibited by the laws’, rather than ‘people can only do the things allowed by the laws’, which was one of the major reasons hindering economic development in many decades before. Soon after the Enterprise Law took effect, the then PM Phan Van Khai set … [Read more...] about Why does Vietnam lag behind?
The technical cooperation project is expected to be implemented from March 2019 to March 2021 with the aim of improving VWU’s capacity in promoting development and delivery of financial and non-financial services in response to the needs of local women. Participants at the signing ceremony Under the project, JICA and VWU will closely cooperate to provide training activities for financial service providers such as micro-finance organizations and commercial banks, and basic knowledge of gender-responsive financial inclusion and good practices from other countries. At the same time, the project will support some financial service providers for developing new products in response to the diversified needs of women at different stages of life. Lessons learnt and experiences from the project will be shared with Vietnamese policymakers as references for advocacy in promoting financial inclusion. Gender responsive financial inclusion requires the development of services … [Read more...] about Vietnam, Japan cooperate to promote financial service for women
Viet Nam News Trần Ngọc Hùng, chairman of the Việt Nam Construction Association, speaks to Việt Nam News Agency about key reasons for the delays in the renovation of old living quarters in Hà Nội. How do you evaluate the national programme to renovate old living quarters? The national programme to renovate old living quarters was launched more than 10 years ago, but its implementation has been very slow. As a consequence, its results have been limited. According to the latest report, some 25 percent of the old living quarters have been described as “very dangerous.” They could collapse at any time and the lives of people living in these building are at risk. What are the main factors preventing the programme from following its approved plan? The Government’s policy is totally right, yet specific guidelines and solutions to implement the policy have not been translated into real life. I should say the implementation of the … [Read more...] about Why does renovation of old living quarters proceed so slowly?