The national e-Government committee debuted in Hà Nội yesterday, with the first meeting chaired by Prime Minister Nguyễn Xuân Phúc..

Việt Nam is confronting challenges in the process of restructuring the public financial sector, Deputy Minister of Finance Đỗ Hoàng Anh Tuấn said during a forum on Thursday.

Social security mechanism and regulations will have to be changed since the fourth industrial revolution and free movement of labour have led to new kinds of jobs and ways of working, Deputy Prime Minister Vũ Đức Đam has said.

The legal framework in Việt Nam on the management and handling of virtual currency and property (coding) has still been primitive. Many legal issues related to this field should be further studied, said Lê Thành Long, Minister of Justice.

There is plenty of room for further development of the digital finance industry, but experts worry that this the huge number of people without bank accounts and the slow policy-making process will stall progress.

Prime Minister Nguyễn Xuân Phúc has proposed the World Bank (WB) continue its non-refundable aid for Việt Nam in institutional reform, legal framework improvement and economic restructuring.

Soon after the National Assembly passed the Law on Foreign Investment in Việt Nam in 1987, the country started witnessing Foreign Direct Investment inflows which have made considerable contributions to the national economy. To mark the 30th year of Việt Nam’s FDI attraction, Vietnam News Agency talked to Sebastian Eckardt, lead economist at the World Bank Vietnam.

The application of a customs bond model would benefit the country, contributing to an increase of one per cent of the total import-export turnover according to comments by Minister and Chairman of the Government Office Mai Tiến Dũng.

Sudan's President Omar al-Bashir sacked the country's 31-member cabinet and appointed a new prime minister who will form a smaller government to tackle a growing economic crisis in the African country.

Vietnamese garment and textile enterprises are losing their competiveness due to high costs of logistics services for exports, experts have said.