The limited earmarked state finances should be used effectively to catalyse large investments from the private sector that can be blended with other sources of public finance. The government should also accelerate the introduction of innovative finance schemes such as green bonds and carbon trading schemes so that SMEs can tap into this new finance channel. It is important to have transparent and robust operational guidelines and criteria to gain confidence of SMEs for accessing the fund, as well as to co-invest in potential projects and leverage other credit sources. VIR … [Read more...] about Caution urged for SME fund processes
Slow economic growth
Vietnam to grow 6.8 pct a year in the next five years
Phan Duc Hieu, deputy head of the Central Institute for Economic Management (CIEM), said that the government should throw out a second support package that prioritizes strong businesses that have survived the pandemic, while those that are weak should withdraw as that is the nature of a market economy. … [Read more...] about Vietnam to grow 6.8 pct a year in the next five years
Foreign experts herald Vietnam’s enhanced stature
In an interview recently granted to Vietnam News Agency correspondents based in Prague ahead of the upcoming 13th National Congress of the Communist Party of Vietnam, Dr. Takashi Hosoda, an expert on the Asia-Pacific from Charles University in the Czech Republic, noted that over the past years, Vietnam has achieved important successes in external affairs, especially establishing bilateral and multilateral cooperation mechanisms to connect with the world, contributing to creating an environment of peace for national construction and defence. Amid the complicated developments in the world, especially the COVID-19 pandemic that deeply affected international relations, Vietnam was honoured for successfully performing the role of ASEAN Chair 2020, which improved the stature of ASEAN and Vietnam in particular in their relationship with partners as well as contributed to international community’s common efforts to seek multilateral solutions to issues related to peace, security and … [Read more...] about Foreign experts herald Vietnam’s enhanced stature
Thu Duc City Council elects key posts
A bird’s eye view of Thu Duc City. The Thu Duc City People’s Council today, January 22, held its first meeting to vote for some key posts of the municipal Council – PHOTO: LDO HCMC – The Thu Duc City People’s Council today, January 22, held its first meeting to vote for some key posts of the municipal Council, including chairman, vice chairman and heads of divisions. … [Read more...] about Thu Duc City Council elects key posts
Labor shortage hampers business attempts to put foot forward
Attempts to recruit labor are encountering difficulties since former workers have moved to other work or returned home to the countryside. Some enterprises have had to temporarily extend work shifts in order to make up the shortfall. In the long run, some businesses may move out of the cities to take advantage of available local labor resources. … [Read more...] about Labor shortage hampers business attempts to put foot forward
