HCMC will strongly attract private businesses to implement Smart City project, cooperate with the Ministry of Communications and Information to develop 4.0 industry and service and take the lead in Fifth-Generation (5G) telecom services, said secretary of HCMC Party Committee Nguyen Thien Nhan at the Vietnam Private Sector Economic Forum 2019 in Hanoi on May 2.
Cambodian Prime Minister Hun Sen has announced plans to reform the nation’s economy on a large scale with a 17-point strategy, aiming to stimulate growth and save the private sector some US$400 million per year in costs.
Financial market plays a key role in economic growth and macroeconomic stabilization. The fact that capital circulates smoothly from financial sector to the real economy and capital is effectively allocated to preferential fields and industries is significant for the process of restructuring the economy and supporting private sector – the main growth motivation.
In Vietnam, as in other parts of the world, the private sector has been more receptive to the much-buzzed-about rise of the Internet of Things (IoT), while the public sector and the government have been slow to adopt these technologies.
After the unusual equitization and state capital withdrawal since the end of 2013, state own Quy Nhon seaport has fallen in to the hands of a private company with the price being as low as few hundreds of billions of dong.