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SOEs must complete the sale of shares within four months, photo Le Toan State-owned lender Agribank has been stuck for years with divestment efforts because its real estate assets could not be approved by the Ministry of Finance due to their large size and complex procedures. “At the end of last year, the Ministry of Finance also made a comprehensive assessment on the equitisation goal of state-owned enterprises. Specifically, only about 28 per cent of enterprises were equitised, which means that nearly three-quarters did not meet the plan. The main issue is that many large corporations’ land use rights remain unclear, as can be seen in the cases of VNPT and Agribank,” explained Chu Manh Hung, deputy head of the Equitisation Department at Agribank. “Since the equitisation plan during 2016-2020 has not been completed yet, Agribank will continue carrying out this task for the 2021-2025 period,” he added. “However, there are still major roadblocks hampering the process, … [Read more...] about Divestment slow off the blocks for banks

Vietnam's newly-appointed Minister of Agriculture and Rural Development Le Minh Hoan is determined to boost sustainable development in the Mekong Delta, improve the lives of the region’s farmers, and market its products under an internationally recognized global brand. In a recent discussion with Tuoi Tre (Youth) newspaper, Minister Hoan, who was ratified by the National Assembly on April 8, shared that his goal is to create “responsible agriculture” in Vietnam’s Mekong Delta. According to Hoan, the expansion of the country’s agriculture sector may not be a strong indicator of income growth and quality-of-life improvements for Vietnamese farmers. “Can we truly understand the lives of famers and their financial situations simply by looking at what the agriculture industry has achieved?” Hoan questioned. Sustainable farming During his tenure, Hoan hopes to create a balance between agricultural growth and the quality of life for famers while simultaneously managing the … [Read more...] about Vietnamese agriculture minister dreams of creating world-famous Mekong Delta brand

The launch of the 2020 PAPI report in Hanoi on April 14 (Photo: baotainguyenmoitruong.vn) Hanoi (VNA) – The control of corruption in the public sector last year showed the best performance in a decade, since the Vietnam Provincial Governance and Public Administration Performance Index (PAPI) survey was first conducted. The 2020 PAPI report, released on April 14, indicated that in 2020, the percentages of respondents seeing bribes as necessary for jobs in state agencies, health-care services at district-level public hospitals, land use right certificates, fair treatment by primary school teachers, and the granting of construction permits continued declining since 2016, the first year of the 2016-2021 government term. As many as 18 provinces and cities made significant progress in the control of corruption in the public sector last year compared to 2019. Out of the 16 best performers, seven are from the south, four from the central region, and three from the north. As … [Read more...] about Vietnam shows best corruption control in public sector in 10 years

The record-breaking movie Old Dad (Bố Già) (Photo courtesy of the film) According to experts, the film industry in Vietnam can only develop to new heights when supported by State policies that ensure a balance between the needs of filmmakers and concerns of society. Experts at the conference believe that suitable government policies are essential for the film industry to reach new heights by balancing the market’s demands and filmmakers’ requirements. The currently applicable Cinematography Law of 2006 was built on the basis that cinema is an art field, which is a dated concept since cinema has long developed into an industry as well, said Chairwoman of the Vietnam Association of Film Promotion and Development (VFDA) Dr. Ngo Phuong Lan. While the old law only regulates aspects of the industry like screenwriting, issuing, and distributing film products, experts believe it should be amended to take into account the management of this special product that can provide a unique … [Read more...] about Legal corridor considered for Vietnamese film industry

Roughly 20-30 per cent of the COVID-related shift to digital globally is expected to be permanent, according to a fresh report from Mastercard Put another way: in 2020, e-commerce made up roughly $1 out of every $5 spent on retail, up from about $1 out of every $7 spent in 2019. As COVID-19 kept consumers around the world at home, nearly everything from groceries to gardening supplies was purchased online. For retailers, restaurants, and other businesses large and small, being able to sell online provided a much-needed lifeline as in-person consumer spending was disrupted. Roughly 20-30 per cent of the COVID-19-related shift to digital globally is expected to be permanent, according to Mastercard’s Recovery Insights: Commerce E-volution. Roughly 20-30 per cent of the COVID-related shift to digital globally is expected to be permanent, according to Mastercard’s Recovery Insights: Commerce E-volution. The report draws on anonymised and aggregated sales activity in … [Read more...] about New Mastercard report: E-commerce a COVID-19 lifeline for merchants