Out of the World Bank’s 11 indices evaluating Vietnam’s business environment, construction industry licensing procedures were one of only two to show improvement.
(VOV) – Vietnam’s construction industry licencing procedures ranked 28th out of 185 countries examined by the World Bank in 2013, a leap of 39 places above the previous year.
The Ministry of Construction noted the number of unlicensed constructions fell by 9 percent in 2013.
It added localities are pressing officials for approval of new, more effective construction licence granting regulations.
- BUSINESS IN BRIEF 19/10
Rain leads to hike in veggie prices The prices of vegetables in southern provinces are peaking as supply dwindles because prolonged rainy weather has destroyed many crops and delayed harvesting in other. In HCM City, prices are higher than they have been in years, according to anecdotal reports from local residents. Pham... [Read more]
- Rain leads to hike in veggie prices
HCM CITY (VNS)— The prices of vegetables in southern provinces are peaking as supply dwindles because prolonged rainy weather has destroyed many crops and delayed harvesting in other. A vegetable wholesale stall in HCM City's Thu Duc District. — VNA/VNS Photo Pham Do In HCM City, prices are higher than they... [Read more]
- Vietnamese banks fascinate Japanese investors
VietNamNet Bridge - A lot of Japanese banks have bought the stakes of many Vietnamese big banks over the last three years. Others are seeking their opportunities in Vietnam. Japanese eyeing Vietnamese finance institutions Answering Bloomberg's question in Hanoi on November 14, President of HD Bank Le Thi Bang Tam said HD... [Read more]
- New Land Law improves framework
HCM CITY (VNS) - Though the new Land Law has not completely satisfied all involved parties, it ensures more transparent and equitable treatment for land users, property consultancy CBRE said in a report. "It generally helps to improve the legal framework as well as simplify complex and lengthy procedures," Pham Ngoc... [Read more]
- Social News 29/7
Khanh Hoa suffers factory pollution Residents in the central coastal province of Khanh Hoa have been suffering from high levels of pollution caused by hundreds of unregistered manufacturers operating in populated areas, according to the Lao Dong (Labour) newspaper. Reports from the Khanh Hoa Department of Environment and Natural Resources pointed out... [Read more]
- Philippines: economic growth pushes luxury goods consumption
The Philippines's strong economic growth in recent years has helped thrust domestic consumption, especially for luxury commodities. According to statistics by the World Bank (WB), the country's economic growth soared from 3.6 percent in 2011 to 7.2 percent in 2013, ranking second among Asian nations after China. The Philippines 's... [Read more]
- New 500kV transmission line launched in northern region
The National Power Transmission Corporation (EVN NPT) made a successfully test run of the Quang Ninh-Hiep Hoa 500kV transmission line on late July 26. The 139-km transmission line, which runs through three northern provinces of Quang Ninh, Hai Duong and Bac Giang, was built with a total investment of over... [Read more]
- Firms bemoan troublesome tax payment procedures
Tu Hoang Speaking at a seminar organized by the Central Institute for Economic Management (CIEM) in Hanoi City yesterday, chairwoman of the Vietnam Tax Consultants Association Nguyen Thi Cuc said filing for corporate income and value added taxes is one of the most complicated things to do. Enterprises are required... [Read more]
- Social News 23/7
Vaccinations for hepatitis B drop The number of children receiving hepatitis B vaccine within a day of being born has fallen sharply, said professor Nguyen Tran Hien, director of the Institute of Hygiene and Epidemiology. Hien warned that the low rate meant it would be difficult to control any outbreak of hepatitis... [Read more]
- Complex tax laws don't deter foreign investment
(VOV) -The complexity of Vietnam's business tax climate is not impeding the attraction of foreign investment, and oddly enough, is appealing to a corrupt element of investors using complexity and legal loopholes to their advantage. Incentives - not the key to attracting foreign investment Foreign investment helps revive housing market A... [Read more]