Mr. Truong Gia Binh (Photo: Duong Giang)
On August 26, FPT shares rose by 1.2% to reach a price of VND 100,000 per share, with over 5.8 million shares matched. FPT’s market capitalization increased to more than VND 170 trillion.
FPT shares hit the VND 100,000 per share mark after news that Prime Minister Pham Minh Chinh had assigned Mr. Truong Gia Binh, along with the Research Group for Private Economic Development (Group IV), to study the establishment of a fund for private economic development.
To further enhance the role of the private sector, the Prime Minister has tasked Group IV, Mr. Truong Gia Binh – Chairman of FPT, and Mr. Don Lam – founder of VinaCapital, with studying the establishment of the aforementioned fund. Group IV is to report to the Prime Minister within August.
In parallel, the Prime Minister has instructed Group IV to coordinate closely with the Ministry of Finance to implement the “Panorama of Vietnam’s Private Economy” program. The program needs to clearly define its themes, goals, tools, and organization methods to ensure success and mobilize collective strength.
The Prime Minister has also assigned Group IV to research and identify exemplary models of efficient production and business practices, as well as to deploy communication campaigns to honor and encourage learning from these models. The media is also requested to coordinate in this endeavor. The honoring process must be deserving, fair, and transparent, with thorough scrutiny and evaluation to avoid formality.
Another task assigned by the Prime Minister is the development of an index to evaluate the implementation of Resolution 68 and the business environment. The Ministry of Finance is responsible for creating this index to measure, monitor, and assess the development of enterprises and business households.
Meanwhile, Group IV is tasked with constructing an index to monitor, evaluate, and determine the level of Vietnam’s business environment freedom, identify obstacles and limitations faced by enterprises, and ensure independence and objectivity. These tasks are to be considered and reported to the Prime Minister within August.
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