Single-window system at the social insurance agency of Cẩm Giàng District in the northern province of Hải Dương. Promotion of cashless society and administrative reforms with a view towards higher degrees of online document and payment processing are also viewed as conducive to a more transparent and corruption-free environment. — VNA/VNS PhotoViet Nam News HÀ NỘI — After years of debate, the revision of the anti-corruption law was adopted last month with near-complete approval from the National Assembly, extending the fight against rampant corruption in the country’s private sector. The decision had been widely welcomed as showing the Vietnamese Government’s commitment to creating a fair and transparent business environment as the country strives towards deeper integration into the global economy. Trần Ngọc Liêm, deputy inspector general of the Government Inspectorate, made the statement referring to a … [Read more...] about Extending anti-corruption fight to private sector enables fair business environment
How much business insurance cost
How much more market intervention in store? (21-05-2008) by Binh Minh Customers shop at a Coopmart in An Giang. — VNA/VNS Photo Hong Ky Ha Noi — Policy makers are pondering whether to continue controlling inflation by administrative measures after June – and to what extent. June marks the expiration of a prime ministerial order for keeping a cap on the price of 10 essential goods. The order, issued in March, regulates the cost of such items as petrol, electricity, coal, water, bus tickets, cement, steel, school fees and hospital fees. It was issued following continued high monthly inflation, which reached 3.6 per cent in February and 3 per cent in March. However, the monthly Consumer Price Index growth in April stood at a relatively low 2.2 per cent. "There are some signs that the Government’s efforts to control inflation have started making impacts," Asian Development Bank country director Ayumi Konishi told Viet Nam News. However, concern has been … [Read more...] about How much more market intervention in store?
by Thuy Anh Viet Nam, an agricultural country with 70 per cent of its population living in rural areas, is taking a new step to support agricultural production with the publication of a draft of the Prime Minister's decision on farming insurance from 2011-13. The Ministry of Finance last week released the draft decision, which would be effective during an experimental three-year period. Under the plan, poor farming households will receive a subsidy of up to 100 per cent of the insurance premium. Support to other farming households will be 60 per cent. The percentage for agricultural production organisations will be 50 per cent. According to the draft document, there are three main categories of cover, including cultivated crops (rice), domestic animals (buffalo, cows, pigs and poultry) and aquaculture (tra and basa fish, black tiger shrimp and white-leg shrimp). Under the programme, rice insurance will be offered in provinces of Nam Dinh, Thai Binh, Nghe An, Ha Tinh, Binh Thuan, An … [Read more...] about PM introduces crop insurance programme
HA NOI — Electricity of Viet Nam has targeted reducing its production costs by VND1.8 trillion (US$85.7 million) this year. The cost cutting measure was included in an agreement which was sealed yesterday morning between the EVN General Director and leaders of its member enterprises. The agreement also embraces their efforts to save electricity and reduce power losses. Addressing the signing ceremony, Finance Minister Vuong Dinh Hue said this was a measure to reduce price acceleration pressures. The Government was determined to manage prices according to the market, he explained. Electricity prices would continue to rise to make up for production costs because the Government could not offer subsidies forever. A 5-per-cent rise in electricity prices would push the CPI (consumer price index) up by 0.37 per cent, he added. "With this action, EVN is sharing difficulties with the Government and the business community," he said. The primary method that EVN intends to use to decrease … [Read more...] about EVN cost-cutting to help slow rise in power prices
Restructuring agriculture sector critical: conference Restructuring the agricultural sector to improve quality and promote co-ordination between farmers and firms is critical for the sustainable development of the sector amid unpredictable movements in the global market, members of a conference said yesterday. At the Viet Nam Agriculture Outlook conference held by the Institute of Policy and Strategy for Agriculture and Rural Development (IPSARD), in collaboration with the National Assembly Office, experts said that adopting agricultural technology to improve product quality would enable the agricultural sector to confront external shocks like the impacts of climate change or exchange rate policies. This requires the engagement of firms and a link with farmers to bring forth technologies in agricultural production, thereby enabling the creation of competitive products, said institute Director Do Anh Tuan. Agricultural technologies could firstly be applied in the production of … [Read more...] about BUSINESS IN BRIEF 30/5