The Hanoitimes - The Ministry of Planning and Investment was drafting a circular on a venture capital fund to create a legal framework for promoting start-ups and make Vietnam a start-up nation. The draft, which is now being raised for public comments, would regulate the establishment, management and operation of venture capital funds for start-ups in Vietnam. The draft circular said that venture capital into start-ups was defined by investors contributing funds in a start-up or by buying stakes to launch the business or increasing equity when the business had not earned a pre-tax profit. It would take only three days to launch a venture capital fund in Vietnam, according to the draft circular. In addition, the operation of a venture capital fund would not apply regulations on the equity investment fund. A venture capital fund could raise additional capital from existing members or new members but would not be allowed to borrow money for investments. The draft circular was raised … [Read more...] about The draft to support Vietnam’s start-ups businesses
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Vietnam, Japan close 6 deals during Party chief Trong’s visit
Vietnam and Japan on Tuesday discussed measures to foster their bilateral relations and signed six cooperation agreements during the visit to Tokyo by General Secretary of the Communist Party of Vietnam Nguyen Phu Trong. Vietnam News Agency. The Vietnamese official told PM Abe that Vietnam always regards Japan as its leading and long-term partner while the host said his country treasures the Southeast Asian nation’s posture in its foreign policy for the Asia-Pacific region. PM Abe praised General Secretary Trong’s visit, saying that it will help open up a new opportunity to strengthen and deepen the strategic partnership between the two countries. The host and guest asserted their determination to promote their comprehensive relationship for the interests of their people, contributing to peace, stability, cooperation and prosperity in the Asia-Pacific region and the world. Japan will continue supporting Vietnam in achieving sustainable economic development, … [Read more...] about Vietnam, Japan close 6 deals during Party chief Trong’s visit
Vietnam, Japan agree to expand and deepen strategic partnership
PANO – Vietnam’s Party General Secretary Nguyen Phu Trong has started an official visit to Japan at the invitation of Japanese Prime Minister Shinzo Abe. On the afternoon of September 15th, a grand official reception was held in Tokyo by the host for the Vietnamese Party General Secretary. After the reception, the Vietnamese Party General Secretary and Japanese Prime Minister had talks. The host warmly welcomed the Vietnamese General Secretary saying that his official visit would open new opportunities for the two countries to foster and deepen the Vietnam-Japan relations. The Japanese Prime Minister stressed that Japan attaches importance to and gives high priority to developing its relationship with Vietnam, and that the country wishes to further expand and deepen the strategic partnership between Vietnam and Japan. In his response, the Vietnamese General Secretary expressed his joy when revisiting Japan, and thanked the Japanese Government and the Prime Minister … [Read more...] about Vietnam, Japan agree to expand and deepen strategic partnership
Vietnam, Japan lift bilateral relations to new heights
Nhan Dan Online/VNA - During their talks in Tokyo on March 18, President Truong Tan Sang, currently on a state visit to Japan, and Japanese Prime Minister Shinzo Abe agreed to establish an extensive strategic partnership between the two countries for peace and prosperity in Asia. Following is the full text of the statement on the establishment. 1) At the invitation of Japan, President of the Socialist Republic of Vietnam Truong Tan Sang and Madam Mai Thi Hanh paid a State Visit to Japan from 16 to 19 March, 2014. During the visit, Their Majesties the Emperor and Empress of Japan hosted a welcoming ceremony and a State Banquet in honour of the guests. President Truong Tan Sang expressed his sincere gratitude to Their Majesties the Emperor and Empress, the Government and the people of Japan for the warm welcome and hospitality extended to him and the Vietnamese delegation. 2) On 18 March 2014, Prime Minister of Japan Shinzo Abe and President Truong Tan Sang held a summit meeting. … [Read more...] about Vietnam, Japan lift bilateral relations to new heights
Vietnam products losing out to imports
The Hanoi Times - Carrying a South Korean-made bottle of washing liquid in one hand and a bag of New Zealand apples in the other, Nguyen Thu Ha said she usually opted for imports because the quality is better. "Who can tell me home-made products are better than imported ones?" said the 35-year-old housewife. "No one can deny it's common sense to buy foreign products." As many as 77 per cent of Vietnamese people prefer imported consumer products, according to Deputy Chairwoman of the Viet Nam Retailer Association Dinh Thi My Loan, who was quoting the latest survey conducted by a market research company. The association also conducted a survey to find out why people were making this choice. In the feedback, many people complained that it was not easy to find Vietnamese products while the market was flooded with Chinese goods. Loan said it was local retailers who were to blame for not advertising their products. "If no one knows about it, who will buy it?" she … [Read more...] about Vietnam products losing out to imports