In 2014, the Government took the initiative to speed up restructuring of
State-owned enterprises, but it also needs to strengthen its focus on
another pillar of the economy, the private sector, which is key to the
nation's future sucesss, says Wendy Jo Werner, the World Bank Group's
Practice Group Manager on Trade and Competitiveness for the East Asia
and Pacific region.
A new circular that takes effect in April this year will force credit
institutions to apply international standards in classifying and
assessing bad debts, but the problem still requires a different approach
and understanding, Nguyen Quoc Hung. Chairman of the Viet Nam Asset
Management Company (VAMC), tells local media.
The Vietnamese National Assembly (NA) has approved many targets for the
country's socio-economic development in 2015, including for the GDP and
CPI growth. Deputy Director of the Hanoi Institute for Socio-economic
Development Studies Nguyen Thanh Binh speaks to Outlook about the
country's potential to reach these targets.
The State Bank of Viet Nam will continue to allow credit institutions to
give loans in foreign currencies to export companies and petrol
wholesalers till the end of 2015.
Director o the Ministry ofPlanning and Investment's Foreign Investment Agency Do Nhat Hoang spoke to Dau Tu (Investment) newspaper about how the new national information system for foreign investment would benefit investors.
The Minister of Planning and Investment, Bui Quang Vinh, spoke to
reporters about changes made to the amended Law on Enterprise and Law on
Investment, both recently approved at the eighth session of the 13th
This year, Viet Nam ranked 78th among 189 countries in the world for
ease of doing business, lower than its 72nd rank in 2013, said the World
Bank's recent report.
Siam Cement Group, a leading regional conglomerate in production of
building materials, has installed a waste heat recovery (WHR) system to
reduce electricity consumption at each of its manufacturing sites. Viet
Nam News spoke with Surapon Oonchuen, Manager of Operations and
Maintenance at SCG Cement and Building Materials, about WHR technology.
Wim Vanhaverbeke, a professor of innovation management and strategy at
Hasselt University in Belgium who is also a visiting professor at the
ESADE Business School and National University of Singapore, spoke on how
to manage the new trend in invention on the sidelines of an
international workshop themed Successful innovation management models –
lessons for Vietnamese leadership that took place in Ha Noi recently.
Viet Nam should take further steps to equitise State-owned enterprises
(SOEs) and create ideal conditions for the private sector to flourish,
according to Vivek Pathak, the International Finance Corporation's
director for East Asia and the Pacific who visited Ha Noi last week.
Pathak said the private sector was the engine that will get the country
back on track towards robust economic growth.