Viet Nam News HÀ NỘI – The amendments to the Law on Enterprise and Law on Investment must include stronger solutions to thoroughly and comprehensively reform State-owned enterprises (SOEs) and enhance their efficiency, according to the Việt Nam Association of Financial Investors (VAFI). In a recent document sent to the Government about VAFI’s recommendations regarding amendments to the enterprise and investment laws, the association pointed out that there was a shortage of effective solutions to tackle the weak management at SOEs, which was hindering the country’s socio-economic development. “It is necessary to have drastic measures to reform SOEs with efficiency,” VAFI said. VAFI said that the amended laws should include a new definition for SOEs – those with the State holding a controlling stake, listed on stock exchanges and operating in sectors requiring a controlling State stake. The association also said that the amended … [Read more...] about Amendmends to enterprise, investment laws must promote SOE efficiency
New era debt solutions
M&A makes up majority of foreign capital inflows Some US$6 billion out of US$7.63 billion in foreign investment capital pledged to HCMC last year came from capital contributions, share acquisitions and purchases of stakes from domestic businesses. HCMC vice chairman Le Thanh Liem said at a conference in Binh Duong Province on February 14 that the pledged investment capital from foreign investors for HCMC last year picked up by 15.59% against the previous year. Of these, there were 1,060 new projects, with total registered capital of US$811.68 million, and 244 projects with additional capital of over US$835 million. Last year also saw 3,283 cases in which foreign investors received approval to contribute capital, buy shares and contribute capital to domestic firms, with registered capital totalling US$5.99 billion. With these results, HCMC received around 60% of foreign capital. According to Liem, the 2014 investment law has provided a favorable legal corridor for foreign investors … [Read more...] about BUSINESS NEWS IN BRIEF 19/2
Ritu Sehgal Detroit Free Press Published 8:05 AM EST Feb 13, 2019 Michigan Gov. Gretchen Whitmer is expected to give her first State of the State address in Lansing tonight. In it, she is expected to preview her plans to "build a better Michigan." Below is a a text of her prepared remarks. More: Five key takeaways from Whitmer's State of the State Acknowledgments Lieutenant Governor Gilchrist; Speaker Chatfield; House Democratic Leader Greig; Senate Majority Leader Shirkey; Senate Democratic Leader Ananich; members of the cabinet; my daughters, Sherry and Sydney; my husband, Marc; and my fellow Michiganders: Good evening. I am grateful for the opportunity to speak tonight about the growing challenges we face in Michigan, the steps we are going to take to address them, and my priorities for the next year and beyond. As you can imagine, over the past few weeks, I’ve gotten a lot of unsolicited input about what I should say tonight, and what I should focus on as … [Read more...] about Michigan Gov. Gretchen Whitmer’s State of the State: Full speech
The central bank’s Deputy Governor Nguyen Kim Anh Can you share with us the main goals of Decision 986? How will this new strategy impact the Vietnamese banking sector? The State Bank of Vietnam (SBV) has closely observed the development of the Vietnamese financial sector in the past two decades, realising the opportunities and challenges that financial institutions may encounter in the next ten years. With this in mind, Decision 986 is divided into two levels: First, the SBV will be modernised with a rational organisation model and synchronous, effective, and efficient operation mechanisms in line with the country’s socialist-oriented market mechanism. Our priority objective is to control inflation, contribute to Vietnam’s macroeconomic stability, and promote sustainable growth, while ensuring the safety and soundness of the credit institution network and performing our key role in ensuring financial stability. We will also continue our supervisory role for the … [Read more...] about The central bank’s new strategy to sustain credit market in 4.0 era
Rick Kelleher is a big, white-haired, crisply presented man who looks very much the way you’d expect a Boston Irish power broker to look. If you found yourself sitting next to him on a plane, you might notice how he kept the conversation flowing naturally and emphasized his points with the physicality of a great salesman, dramatically raising his eyebrows and cocking his head. On this morning, Kelleher is seated at a back table in the lobby restaurant of the elegant Boston Harbor Hotel, where the server knows exactly how he likes his house-smoked salmon. He carries himself as if he owns the place, and, in a way, he does. Related Links New England’s smallest colleges are struggling Former Mount Ida students sue, accusing college leaders of fraud The college debt crisis is even worse than you think Sitting across the table is a man who is also in his late 60s but who cuts a very different figure. Kumble Subbaswamy — unassuming, of slight build, with … [Read more...] about ‘ZooMass’ no more. Is turning UMass Amherst into an elite university needed?