Vietnam 

Gov’t plans to equitise 93 SOEs through 2020 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    93 State-owned enterprises (SOEs), including Agribank, will be equitised from now to the end of 2020. Photo Agribank HÀ NỘI — The Government is stepping up equitisation efforts, setting to equitise 93 State-owned enterprises (SOEs) from now to the end of 2020. Under a decision signed this week by Prime Minister Nguyễn Xuân Phúc, the State aims to hold at least 65 per cent of charter capital in four SOEs, including Bank for Agriculture and Rural Development (Agribank), National Coal-Mineral Industries Holding Corporation Limited (Vinacomin), Northern Food Corporation…

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Vietnam 

Gov’t urges more work for connections to NSW – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Deputy Prime Minister Vương Đình Huệ speaks at the meeting. Photo chinhphu.vn HÀ NỘI Deputy Prime Minister Vương Đình Huệ on Wednesday asked ministries to speed up the connection of administrative procedures under their management to the national single window (NSW) as the work remains slow. During the meeting of the National Steering Committee for ASEAN Single Window, National Single Window, and Trade and Logistics Facilitation (Committee 1899) in Hà Nội, Finance Minister Đinh Tiến Dũng reported that 174 administrative procedures of 13 ministries have been connected to the national single…

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Vietnam 

Ministries, gov’t agencies fail to disclose spending details – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The ceremony introducing the MOBI 2018 Report on Tuesday, – Photo saigondautu.com.vn HÀ NỘI – Twenty of total 37 ministries and central government agencies receiving funding from the State budget disclosed no information about expenses in 2018, a report revealed on Tuesday. The report was named MOBI 2018 and developed by the Centre for Development and Integration (CDI) and the BTAP Coalition, which promotes transparency, accountability and citizen participation in state budget management, with support of the non-governmental organisation Oxfam. The ministries and central agencies studied by the report did…

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Vietnam 

Mechanical engineering industry needs more Govt support for growth, experts say – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  At a mechanical products factory. The mechanical engineering industry needs supportive policies from the Government to enhance its competitiveness during the fourth industrial revolution. — VNA/VNS Photo Xuân Hương HCM CITY — The mechanical engineering industry needs supportive policies from the Government to enhance its competitiveness during the fourth industrial revolution, officials and industry experts have said. Phạm Xuân Đà, head of the Ministry of Science and Technology’s southern affairs, said the industry plays an important role in manufacturing, which is the backbone of the economy. “Although the [Government’s]…

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Vietnam 

Business environment needs strong Gov’t actions: VBF 2019 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  An assembly line of home electronic appliances at LG Electronic Việt Nam in the port city of Hải Phòng. Experts say foreign organisations have urged the Vietnamese Government to make private firms central to the country’s economic development. — VNA/VNS Photo Lâm Khánh HÀ NỘI — The Vietnamese economy will grow faster if private companies thrive, but development should be sustained, transparent and secure, heard a meeting on Wednesday. The meeting, named Midterm Vietnam Business Forum 2019, was organised by the Ministry of Planning and Investment and the World Bank…

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Singapore 

Govt to partner Singaporeans in new ways to design policies together, says Heng Swee Keat in setting out 4G leaders’ plans, Singapore News

SINGAPORE – Deputy Prime Minister Heng Swee Keat has set out how his generation of leaders plans to take Singapore forward, saying the Government will partner Singaporeans in new ways to design and implement policies together. Beyond doing so, the Government will work with Singaporeans to create a shared future where everyone will have a part to play, he said on Saturday (June 15) at a dialogue on building the country’s future together. With Singapore in the midst of a leadership transition, Mr Heng – the leader of the ruling…

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Singapore 

HIV data leak: US jury finds Mikhy Farrera-Brochez guilty of intending to extort Singapore govt, Singapore News

LEXINGTON, Kentucky – American fraudster Mikhy Farrera-Brochez was found guilty of all three charges against him relating to stolen identification documents from Singapore by a jury in Kentucky on Tuesday (June 4). The verdict, reached at the end of a 1 ½ day trial, means he is likely to get a jail term of between 18 and 24 months, his lawyer Adele Burt Brown told reporters. The 34-year-old was convicted of intending to extort the Singapore government in two e-mails he sent on Jan 22 and Feb 18 this year,…

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Vietnam 

Gov’t urged to help local banks lure foreign capital – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The Government should help Vietnamese banks lure capital and experience from prestigious foreign banks so as to help local firms develop sustainably, experts said. Under a document sent to Governor of the State Bank of Việt Nam Lê Minh Hưng this week, the Vietnam Association of Financial Investors (VAFI) said in recent years, State-owned and private banks in Việt Nam have made progress in equitisation, listing on the stock market and bad debt reduction. However, VAFI said, in order to make…

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Vietnam 

Gov’t takes bold measures to ensure safety of finance system – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

There were 1,181 people’s credit funds operating in 57 cities and provinces by the end of June last year.—VNA/VNS Photo Viet Nam News HÀ NỘI — Poorly-performing State-owned people’s credit funds – a type of credit institution focusing on people in rural areas to help them escape poverty and avoid dependence on loan sharks – will be merged, acquired or dissolved to ensure the safety of the country’s finance and banking system. The plan was part of a directive released last week by Prime Minister Nguyễn Xuân Phúc…

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Vietnam 

Gov’t to look into unobserved economy – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — A project on unobserved economy statistics, expected to be launched next year, will serve as an important reference for the statistics sector to get up to international standards. Director General of the General Statistics Office (GSO) Nguyễn Bích Lâm announced the information at a press conference in Hà Nội on Wednesday. Lâm said the project would improve the quality of statistics to fully and correctly reflect the socio-economic situation, thus better serving sectors and localities’ planning. An unobserved economy is…

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