Only about 40 per cent of Viet Nam's 95 million people have bank accounts, mostly in urban areas, while there are around 120 million mobile phone subscriptions

The Vietnam Bank for Agriculture and Rural Development (Agribank) must resolve all non-performing loans kept at the Việt Nam Asset Management Company (VAMC), said deputy PM Vương Đình Huệ.

During a discussion on the country’s current debt, NA deputies urged the Government to tighten the management of investment funds, as well as prioritise projects that help link different regions of the country and those with good return of investment.

Deputy Prime Minister Vương Đình Huệ asked the Chinese province of Jilin to share more economic development experience with Vietnamese localities while receiving Secretary of the provincial Communist Party of China Committee Bayanqolu in Hà Nội yesterday.

Prime Minister Nguyễn Xuân Phúc stressed the need to shift from pre-inspection to post-inspection, issue regulations and standards on evaluation of transparency, and reduce unnecessary conditions for enhancing production.

Deputy Prime Minister Vương Đình Huệ has urged the Government’s Steering Committee for Price Management to keep consumer price index (CPI) growth below 4 per cent in 2018. 

Vice President of Talanx AG Group Christian Hinch has proposed to the Vietnamese Government to raise the ownership ratio of foreign investors at PetroVietnam Insurance (PVI) to 49 per cent.

Official Development Assistance (ODA) should only be used for national development projects, not to cover government spending, said national leaders during a government meeting in Hà Nội on Thursday.

Deputy Prime Minister Vương Đình Huệ yesterday concluded activities at the 48th Annual Meeting of the World Economic Forum (WEF), in Davos, Switzerland, contributing to improving Việt Nam’s stature in a global forum and rallying foreign support for the country’s development.