Urban administration requires decentralization
The decentralization will make obligations and responsibilities more clear for the new administration model.
The decentralization will make obligations and responsibilities more clear for the new administration model.
A government task force will inspect whether provinces and cities are fulfilling their commitments to investors.
As Vietnam has effectively controlled the Covid-19 pandemic, it witnesses the increasing number of businesses reopening in September-October, bringing the total share of fully opened businesses to 94%.
Vietnamese exporters might find it easy to meet the required rules of origin for their products as a significant portion of its production input is sourced from China and South Korea.
About 13% of households in a panel of approximately 4,000 households had applied for at least one of three new Covid-19 relief programs since February, but only 2.3% of these households received any money by July/August.
A transparent legal framework will ensure a proper risk-sharing mechanism among all parties.
The merging process of Hanoi and Ho Chi Minh City stock exchanges into the Vietnam Stock Exchange continues to be a priority in the coming time.
Close attention should be on the capacity of the Vietnamese economy to firm up its recovery from the coronavirus crisis, noted the World Bank.
Vietnam seeks the World Bank’s support in the fields of renewable energy and electrification in remote areas.
Despite high economic openness and growing global uncertainties, Vietnam’s economy still maintains its resilience and is on track for a V-shaped recovery, stated economist Nguyen Minh Phong.