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No need for stimulus package, but farmers could use support

VietNamNet Bridge – The Government should offer farmers a support package, deputy director of the National Centre for Socio-economic Information and Forecasting Ta Dinh Xuyen told Nong thon Ngay nay (Countryside Today).

Government determines to sharpen up their staff

VietNamNet Bridge – According to the new draft circular that was built by the Ministry of Interior, 100,000 state officers will be dismissed from 2014 to 2020. VND8 trillion will be used for paying pensions and allowances for these officers.

Regulation aims to speed up equitisation process in SOEs

 VietNamNet Bridge – The Government is set to allow shares of State-owned enterprises (SOEs) to be sold at below book value in order to hasten their equitisation.

Gov't vows to reform State subsidies

 VietNamNet Bridge – Prime Minister Nguyen Tan Dung said on Wednesday (Jan 22) that the Government is determined to make "positive" changes in pricing management and the equitisation of State-owned enterprises this year.

Justice Ministry authorized to tackle int’l investment disputes

 VietNamNet Bridge – The Ministry of Justice (MoJ) is the legal representative of the Government in dealing with international investment disputes as said in the Prime Minister's Decision No. 4/2014/QĐ-TTg.

Government to boost non-core divestment

VietNamNet Bridge – The Government will release a resolution stipulating some special measures to help State-owned groups and corporations to quickly withdraw their investments from non-core sectors,

Vietnam targets 5.8 percent GDP growth for 2014

 VietNamNet Bridge – The government has proposed major solutions for realising major socio-economic targets for 2014, aiming to achieve a GDP growth rate of 5.8% and keeping inflation at 7%.

Government seeks to stop ethnic nomads

VietNamNet Bridge – The Government's policy to support sedentary farming has been mostly successful, but thousands of people from several ethnic minority communities continue to lead a nomadic lifestyle,

PM unveils government performance priorities in 2014

 VietNamNet Bridge – The government will carry out its fiscal and monetary policies consistently and effectively to support business production, control inflation, and stabilise the macro economy in immediate and medium periods.

US$12mil a prerequisite for starting higher education institute

 VietNamNet Bridge – The government has set a mandatory prerequisite of VND250 billion (US$11.9 million) to set up a higher education institute.

Government plans series of policy reforms

 VietNamNet Bridge – The next few years will see several ambitious policy reforms, according to Decision No1987/QD-TTg issued by the Prime Minister last week.

Gov't to curtail currency lending

VietNamNet Bridge – Foreign currency lending is likely to end sooner than the Government's original schedule because the central bank's efforts to limit its use in the economy have proven effective,

Government sets ambitious GDP goal: economist

 VietNamNet Bridge – It will be very difficult for Vietnam to achieve a per capita GDP of 2,300 USD by 2015 as targeted, veteran economist Le Dang Doanh told Nong thon Ngay nay (Countryside Today) newspaper.

Bribes remain rife amongst nation's firms

VietNamNet Bridge – Businesses in Viet Nam were often the victims or perpetrators of corruption, a workshop on commercial integrity heard in Ha Noi on Oct 30.

Government orders probe into 3G fee hike

 VietNamNet Bridge – The Ministry of Industry and Trade has been asked to instruct the Competition Management Department to investigate the 3G fee hike by mobile service providers Viettel, MobiFone and VinaPhone starting from October 16.

Deputy PM: Gov't wants to sell unprofitable SOEs instantly

 VietNamNet Bridge – What should the State do – selling unprofitable state owned enterprises (SOEs) which cannot bring profits any more, or selling profitable SOEs which keep laying golden eggs?

National Assembly focuses on economic growth

VietNamNet Bridge – Lawmakers on October 24 focused on economic growth while discussing three topics: the socio-economic situation this year, the results of the first three-year implementation of the five-year plan 2011-15,

ODA supports VN's development course

 VietNamNet Bridge – Since a roundtable conference on the provision of official development assistance (ODA) for Viet Nam in Paris, France on November 8, 1993, international donors have accompanied Viet Nam

Government proposes budget deficit rise

VietNamNet Bridge – The Government has proposed the National Assembly raise the 2013-14 budget deficits to 5.3% of GDP to meet development investment requirements and pay debts.

BUSINESS IN BRIEF 19/10

 VN30 shares rise above domestic market growth; FDI wood exporters outstrip lagging domestic companies; Import tariff lines enjoy duty cuts; HCM City banks' bad debts still high