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Vietnam considers selling a bank to foreigners

 VietNamNet Bridge – Eight out of the nine weak banks have finished the restructuring process, while the ninth one may be sold to foreign investors. There is no precedent for such a move in Vietnam.

Government may not fix number of deputy ministers

According to Chairman of the Government Office - Vu Duc Dam, the Government will be surveying to amend the current regulations on the fixed number of deputy ministers of four for each ministry.

Government imposes fines to improve waterway safety

 VietNamNet Bridge – Passengers on boats or ferries who refuse to put on life jackets or life-saving equipment will receive a fine of between VND100,000 (US$4.8) and VND 200,000 ($9.6).

Meeting focuses on draft laws, amendments

 VietNamNet Bridge – The Government continued with its special meeting on creating legislation yesterday (Aug 13), discussing amendments and supplements to several laws and draft laws.

Government steps in to save Vinashin with bond issue

 VietNamNet Bridge – The Viet Nam Shipbuilding Industry Group (Vinashin) has found a way of resolving its debts after the Government asked the Ministry of Finance to issue zero-coupon bonds with 12-year terms.

Government considers issuing international bonds

 VietNamNet Bridge - According to the Resolution of the cabinet meeting in July 2013, the government agreed to issue a separate resolution on the issuance of international bonds.

There must be a clear road map

 VietNamNet Bridge – The Asian Development Bank’s country director for Vietnam, Tomoyuki Kimura, talked over macroeconomic issues in Vietnam, especially the settlement of bad debts.

New regulations on asset and income transparency

 VietNamNet Bridge – The Government has promulgated a new decree on asset and income transparency, targeting nine groups of applicable subjects.  

Funds sought for ethnic projects

 VietNamNet Bridge – The Government's Committee for Ethnic Minority Affairs has recommended simplifying administrative procedures and investment management to help remote ethnic areas receive more international support for socio-economic development.

National fund for technological renewal created

 VietNamNet Bridge – The Government has recently issued regulations on organization and operation of the national fund for technological renewal.

HCM City wants to have one more Vice Chair

 VietNamNet Bridge – HCM City People's Committee has asked the Government’s permission to appoint another Deputy Chair and to increase its membership to 15 people.

PM vows to realise socio-economic development plan

 Prime Minister Nguyen Tan Dung has pledged that the Government will persist in drastically implementing set objectives, tasks and measures in an effort to fulfill the 2013 socio-economic development plan at the highest level.

BUSINESS IN BRIEF 26/6

 Vinamilk invests heavily in dairy farming; Rice price drop forecast to spur trading; Seafood exports likely to reach US$6.5 bil.; Bkav on Gartner's ‘cool vendor' list; Brokerages merge to avoid bankruptcy

Rescue the rich or the poor?

The voice of the farmers does not have a rightful place in policies. Inequality in giving the State's priority and support for the agricultural sector compared with other sectors still exists, commented VietNamNet’s readers.

Nine top provincial officials criticized

 VietNamNet Bridge - Due to accidents increased by 40-91 percent, the chairs of nine provinces were criticized by Deputy Prime Minister Nguyen Xuan Phuc.

NA deputies continue to debate amendments to Enterprise Law

 VietNamNet Bridge – A majority of the NA deputies agreed with the amendments to Clause 2 under Article 170 of the 2005 Enterprise Law proposed by the Government.

Plan to save last elephants

 VietNamNet Bridge – The Government has given the go-ahead to a plan to protect elephants from extinction and breed domesticated ones.

Government to consider proposal for non-explosion firecrackers

The Chief of the Government Office said the government will consider the proposal for the use of entertainment firecrackers in Vietnam. However, the amendment of the relevant legal documents to pave the way for it not only depends on the Government.

Gov’t asks greater efforts for stable macro-economy

 VietNamNet Bridge – Prime Minister Nguyen Tan Dung requested ministries, sectors and localities not shirking from the goals of containing inflation and stabilising the macro-economy as they are decisive preconditions for realising other goals.

Corruption, poverty and growth concern the people

VietNamNet Bridge – People from across the country have submitted over 1,700 messages expressing concern over the unsustainable growth of the national economy, corruption and the widening rich-poor gap, among other issues, to the National Assembly,