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Kenya human rights commission

Private firms offer help with stock market overloads

Chairman of leading tech group FPT, Truong Gia Binh, proposed Saturday that private companies be allowed to deal with overloads on the Ho Chi Minh Stock Exchange (HoSE). The frequent overloads on the nation's main bourse has bothered investors and administrators in recent months. "The government needs to trust the private sector and create favorable conditions for it to develop," he said at a meeting between government officials and representatives of the private sector. Echoing him, CEO of budget airline Vietjet Nguyen Thi Phuong Thao said Vietnam needs stock markets on an international scale and their issues should be resolved with the help of private companies. Prime Minister Nguyen Xuan Phuc said he has tasked authorities with reviewing FPT’s request and ordered that the issues be fixed without the use of state funds. The PM also said Vietnam needs big companies capable of competing regionally and globally and an excellent human resource pool to achieve great tasks. "We … [Read more...] about Private firms offer help with stock market overloads

Vietnam’s economy breaks into moderately free category for first time

In the Index, released by the Heritage Foundation, the country’s overall score has increased by 2.9 points, primarily because of an improvement in fiscal health. Vietnam is ranked 17th among the 40 countries in Asia Pacific, and its overall score is above the regional and world averages. The country’s economy broke into the moderately free category this year for the first time. Its ranking could increase further if the government took additional action to liberalise investment rules and the financial sector, according to the Foundation. Three of the top 10 finishers – Singapore (1st), Ireland (5th), and China's Taiwan (6th) – recorded score increases this year. Launched in 1995, the Index evaluates countries in four broad policy areas that affect economic freedom: rule of law; government size; regulatory efficiency; and open markets. There are 12 specific categories, namely property rights, judicial effectiveness, government integrity, tax burden, government spending, fiscal … [Read more...] about Vietnam’s economy breaks into moderately free category for first time

Another road for Covid-19 vaccines

Western nations have the capacity in terms of economic potential and the legal and moral aspects to promote access to vaccines on a global scale. The outlook for the Covid-19 vaccine today can be partly seen from the tragic picture of the AIDS pandemic in the late 1990s and early 2000s, when pharmaceutical firms developed effective diagnostic and treatment tools that could save the lives of millions in poor countries, but were unwilling to share them. India begins a nationwide campaign for Covid-19 vaccination. The movement to enable access to AIDS drugs in countries like Brazil, South Africa, India, and Thailand through mandatory patent sharing with multinational corporation helped antiviral drugs reach accessible levels, falling in price from more than $10,000 per year to over $300, saving the lives of tens of millions of people and repelling the spread of AIDS. Ethical conduct The current global vaccine crisis comes from supply scarcity. Markets and … [Read more...] about Another road for Covid-19 vaccines

Stability sought for Thu Duc City prices

The just-established Thu Duc City is already witnessing skyrocketing property prices, with hikes of around 30 per cent reminding local authorities of the need for special policies to manage the market. Property prices have been spiralling out of control since the establishment of Thu Duc City. Photo: Le Toan/ VIR Nguyen Minh Tuan, a resident in Phuoc Long Commune of the former District 9, was interested in a land plot in Dong Tang Long New Residential Area. However, this plot’s price has increased by more than 40 per cent compared to mid-2019 when Thu Duc City was yet in the pipeline. “The prices in this area have increased a lot; however, local landlords still predict that the prices will even further increase towards the end of the year. That is why buyers will certainly make a profit if they buy land plots right now,” Tuan told VIR. Prices in the area could sit anywhere at VND30-40 million ($1,300-1,750) per square metre depending on the location in 2019, but are … [Read more...] about Stability sought for Thu Duc City prices

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