Bringing Siemens tech to healthcare, source: Siemens Healthineers With a system of 1,400 hospitals and 180,000 beds nationwide, Vietnam served more than 10 million patients in 2018. The country’s healthcare system has made tremendous progress in recent years, but the reality remains that the system still faces overcrowded hospitals, shortage of qualified medical experts and staff, lack of sufficient equipment and facilities, and financial shortages for service upgrades. The sustainable development of the country’s healthcare system requires a much larger investment than that of the national budget, thus the public–private partnership (PPP) model has received great attention from government and policymakers, as well as many other healthcare organisations and providers, as one of the key pillars of momentum for healthcare system development in the near future. According to Pham Le Tuan, former Deputy Minister of Health, … [Read more...] about Bringing Siemens tech to healthcare
Guarantees to reduce risk
Sebastian Eckardt, lead economist of the World Bank in Vietnam, has recommended the State Bank of Vietnam (SBV) to remove the credit growth quota set for each year and let the market determine the credit demand in the economy on its own, as the capital adequacy ratio (CAR) is not deemed sufficient. He advocated the abrogation of administrative measures limiting banks’ credit growth and supported the idea of controlling such growth by a safety ratio instead. However, he also warned about the high credit-to-GDP ratio in Vietnam. According to the ‘Taking stock: An update on Vietnam’s recent economic developments’ report released by the World Bank in December 2018, although local monetary policies remain accommodative, credit conditions have been tightened. The SBV trimmed its credit growth target to 17 per cent in 2018 from the 18 per cent set in the previous year. The monetary authority has also reinstated its view on controlling lending to high-risk sectors, … [Read more...] about Is it time to wave good bye to the credit growth ceiling?
Koos Neefjes, climate change expert and director of Climate Sense Co., Ltd In 2015, Vietnam issued its Nationally Determined Contribution (NDC) to the Paris Agreement on climate change. This contains the country’s pledges to reduce greenhouse gas (GHG) emissions and to adapt to the effects of climate change over the period towards 2030. Vietnam’s GHG emission mitigation target is an 8 per cent reduction by 2030 compared with “business as usual” levels by using its own means; and 25 per cent reduction if it receives international financial and technological support. For climate change adaptation, the government estimated that the national budget would carry “one third of the financial needs” and “international support and private sector investment for the remainder”. Most of the very substantial investment that is required for responding to climate change would have to come from official development assistance (ODA) and the … [Read more...] about Sourcing the capital to meet Vietnamese climate pledges
The EU has published the much anticipated draft agreement text. In the 585 page-long document The European Commission set out details of provisions in the deal to avoid a hard border on the island of Ireland. Both the UK and EU will "use their best endeavours" to achieve a future trade agreement by July 2020 - six months before the end of the post-Brexit transition period, said the Commission. Should this not be possible, the UK and EU could jointly agree to extend the transition period. Alternatively, they could introduce a "backstop" arrangement from January 2021, establishing a "single EU-UK customs territory" to apply until a new trade deal is implemented, covering all goods except fishery and aquaculture products. Northern Ireland would remain part of the same customs territory as the rest of the UK and the entire area would be subject to "level playing field" commitments requiring Britain to follow EU rules in areas like animal welfare, environmental and workplace protections. … [Read more...] about Brexit draft agreement: What has been agreed on Northern Ireland to avoid a hard border
This feature is part of The Local's award-winning Sweden in Focus series, taking an in-depth look at the issues that make this country tick. Click here to read more articles. Forming a government is typically a speedy process in Sweden, particularly compared to its European neighbours. A system of negative parliamentarism means proposed governments do not, technically, need a single vote in favour – all that is required for their survival is for a majority of MPs not to vote against them. On Wednesday, parliament will vote on a government led by centre-right leader Ulf Kristersson. Unless any of Sweden's parties have a major change of heart at the last second, he will become the first PM candidate to lose such a vote. "In a way, what's really surprising is the amount of time that's passed since the election and the fact that the parties are still in the same locked positions as they were before," Johan Hellström, a senior politics lecturer at Umeå University, … [Read more...] about Sweden in Focus: How did the political situation get to where it is today?