Administrative reforms department

He explained that depending on the strategic planning, a region may not stand at the first position, but it should be the leader in certain indices. HCMC is now focusing on trading and services while limiting simple industries with low-level laborers, it should prioritize service-related, policy-related indices and refer to PCI as a channel to understand investors rather than a ranking pressure. … [Read more...] about HCMC determines to improve trading, investment environment

He said that the General Department of Taxation would strive to collect taxes at the highest level possible, adding the watchdog would create favourable conditions for taxpayers through administrative reforms and online services as well as enhancing inspection to prevent tax evasion. … [Read more...] about Tax policies must support firms to boost revenue: official

Reforms promise benefits To successfully implement the EVFTA and to create more favourable conditions for foreign investors, government agencies are making strong and bold administrative reforms ahead of the historical deal. Pharmacy and healthcare, goods labelling requirements, tax tariffs applied to functional foods, intellectual property, and e-commerce, among others, are expected to witness a raft of new improvements. … [Read more...] about European enterprises cheer on Vietnam’s EVFTA preparations

The project with a total investment of nearly VND1 trillion (US$43 million) is set to be built in Thach Ha District’s Thach Van and Thach Tri communes. It is expected to maximise the potential of land and marine tourism in the area while improving local people’s living conditions. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES JULY 9

Pham Thanh Kien, director of the Ho Chi Minh City Department of Industry and Trade, says that some Vietnamese goods entering ASEAN which use outdated technology are only suitable for export to Laos, Cambodia, and Myanmar. While in markets that boast large purchasing power such as Thailand and Singapore, Vietnamese goods have failed to truly dominate. In an effort to boost exports to the ASEAN market, local firms must strive to scrutinise the quality of goods, he notes. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES JULY 11