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Deputy PM discusses Financial Centre Development With ECB
“Permanent Deputy Prime Minister Nguyễn Hòa Bình has met with representatives of the European Central Bank (ECB) to discuss plans for the establishment of financial centres in Việt Nam, as part of his working visit to Germany – the final stop in his European tour. At the meeting, the Deputy PM commended the ECB’s role […]
Target Set For Private Sector To Contribute 70% Of GDP
“HCM CITY Việt Nam is placing significant emphasis on the pri-vate sector as a key driver of its long-term growth strategy, target-ing its contribution of 70 per cent to the country’s GDP by 2030. Speaking at a seminar yesterday in the city, Nguyễn Đình Cung, former director of the Central Institute for Economic Manage-ment, said […]
Problematic Road Signs, Traffic Lights Still Not Repaired
“HÀ NỘI The Department for Roads of Việt Nam (DRV) has urged rele-vant units to promptly complete the rectification, repair and improve-ment of traffic signals which remain problematic. The traffic light system and road signs are integral components of road safety and traffic management, Addressing any shortcomings in these systems is crucial to ensur-ing smooth […]
Amid Cost- Cutting Pressure, Banks Prepare To Negotiate Layoffs
“In recent years, many banks have embraced digital transformation as a critical strategy for cost-cutting and efficiency. The concept of “cashier-less banks” is becomming a reality, with foreign banks leading the charge and Việt Nam following suit . A senior executive at a state owned bank noted the shift from merely increasing staff enhancing digital […]
University Development Plan Places Focus On STEM
“The Vietnamese goverment has approved a master plan for the nation higher education and teacher training network for the period 2021- 30 with a vision 2050 . A key focus of this plan is the establishment of key nation universities in science, technology , engineering and mathematics (STEM), aimed at achieving regional and global prestige […]
Expressway To Promote Socio-Economic Growth
“By the end of 2024, approximately 2,000km of expressways were put into operation. However, due mostly to financial difficulties, some expressways still face limitations in terms of lane capacity and speed restrictions. The Ministry of Construction reported that some road sections in the initial investment phase have only two lanes or four limited-width lanes, while […]
State Should Simplify Tax To Foster Business Conversion
” To foster the conversion of business households into companies, experts suggest the Government should simplify how they declare their tax, along with easing accounting rules for their first three years of operating. Along with this, authorities should refrain from inspections during this initial period and offer a significantly lower tax rates to encourage smoother […]
Private Economy A Lever For A Prosperous Việt Nam
“The private economy not only helps expand production, trade and services but also plays a crucial role in improving labour productivity, promoting innovation and enhancing national competitiveness, according to Party General Secretary Tô Lâm. In a new article on the strategic role of Việt Nam’s private sector in elevating the national economy, the Party chief […]
Unsafe Mini Apartments Face Closure Under New Rules
” A series of recent tragic fires in mini apartment buildings have raised urgent concerns about the need for stricter regulations on this type of accommodation. Following these incidents, the Prime Minister issued a directive stipulating that from March 30, mini apartments, mixed-use buildings and rental houses that fail to meet fire prevention and control […]