business

PM Nguyen Xuan Phuc (centre) at the roundtable with Vietnamese and Danish businesses. (Photo: VNA) Copenhagen, (VNA) – Prime Minister Nguyen Xuan Phuc has called on Danish businesses to be more active in contributing ideas to policy-making in Vietnam, while promoting their role in fostering the partnership between Vietnam and Denmark. He made the call at a high-level roundtable with Vietnamese and Danish enterprises in the fields of green growth, seaport, logistics and high technology, which was held in Copenhagen on October 20 as part of the PM's ongoing visit to Denmark.   The Vietnamese Government leader briefed the Danish firms on the potential and advantages of Vietnam such as young labour force, rapid IT and telecommunications development, and high GDP growth, as well as the country's intensive international integration as seen in its engagement in 16 new-generation free trade agreements. He noted that currently Vietnam is hosting more than 130 Danish enterprises, … [Read more...] about PM calls for Danish businesses’ engagement in Vietnam’s policy-making

Illustrative image (Source: internet) Moscow (VNA) - The implementation of the Free Trade Agreement (FTA) between the Eurasia Economic Union (EAEU) and Vietnam over the last two years was reviewed at a workshop in Moscow, Russia on October 19. Jointly held by the Vietnamese Embassy in Russia and the Institute of Economics at the Russian Academy of Sciences, the event brought together over 60 delegates who are officials, experts, scholars and researchers from many ministries and agencies of Russia and Vietnam. In his opening remarks, Ambassador Ngo Duc Manh said after two years implementing the FTA, the trade turnover between Vietnam and member counties of the EAEU has recorded strong growth, from 3.04 billion USD in 2016 to 3.9 billion USD in 2017. Participants to the workshop examined the impact of the agreement’s implementation on trade ties between Vietnam and EAEU member nations in general and with Russia in particular; and looked into difficulties and challenges … [Read more...] about Workshop highlights untapped potential of Vietnam-EAEU FTA

They were guided to register and use the online tax payment service 24 per seven. The project of paying taxes online through banks belongs to one of major projects of the General Department of Vietnam Customs to facilitate tax payment, reduce customs clearance time and save storage cost for businesses. By THI HONG – Translated by Hai Mien … [Read more...] about 500 businesses trained for online tax payment

The bank is expected to sell 10 percent shares worth VND360 million to foreign investors. Of the total, 53.9 million shares will be sold to Japanese Mizuho Bank to ensure ownership ratio of 15 percent. About 305.8 million shares will be sold to other foreign investors. Selling price will not be lower than the level valued by valuation organizations and according to market price. Vietcombank share price was VND57,700 a share at the trading session on October 19. In case of selling at that price, the bank will earn VND20,800 billion (US$900 million). The share offer for sale aims to increase Vietcombank's chartered capital by nearly VND3.6 trillion.By NHUNG NGUYEN – Translated by Hai Mien Tags: Vietcombank share sale foreign investors … [Read more...] about Vietcombank to sell 10 percent shares to foreign investors

The Vietnamese Government and the European Commission (EC) have pledged to carry out the EVFTA and the IPA in a timely and effective manner (Source: VNA) Brussels (VNA) – The Vietnamese Government and the European Commission (EC) have pledged to carry out the Europe-Vietnam Free Trade Agreement (EVFTA) and the Investment Protection Agreement (IPA) in a timely and effective manner. The commitment is expressed in a joint statement issued by Vietnam’s Minister of Industry and Trade Tran Tuan Anh and European Commissioner for Trade Cecilia Cecilia Malmström following their meeting on October 19 in Brussels on the sidelines of the 12th Asia-Europe Meeting Summit (ASEM 12). The statement said the Vietnamese Government is preparing plans to fulfill obligations under the free trade agreements while the EC stands ready to support the necessary reforms and adjustments through technical assistance. Both sides acknowledged the relevance of the trade and sustainable development … [Read more...] about Vietnam, EU reiterate commitment to trade, investment deals