Conference seeks to raise business competitivenessAdministrative reform, integration and business competitiveness drew the attention of associations and enterprises at a conference in Ho Chi Minh City on June 29. Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc, who is also deputy head of the Prime Minister’s Advisory Council for Administrative Procedure Reform, highlighted Resolution 35 dated May 16, 2016 on supporting and developing enterprises to 2020 as the Government’s first long-term policy on business development. The resolution affirms the important role played by private firms in the country’s industrialisation and modernisation, and improving the national economy’s competitiveness, he said. Under the document, Vietnam aims to have about 1 million enterprises which are competitive and run in a sustainable manner. Of the total, more than 30 percent will be innovators. Private firms are expected to make up half of national GDP. … [Read more...] about BUSINESS IN BRIEF 1/7
B s in mechanical engineering
BUSINESS IN BRIEF 27/6
Agricultural businesses set to increase by 10% each year To realise the target, the Ministry of Agriculture and Rural Development (MARD) has issued an action plan for the implementation of the Government's Resolution 19-2016/NQ-CP on missions and measures to improve the business environment and national competitiveness for 2016-2017 with a vision to 2020 and Resolution 35/NQ-CP, which aims to assist enterprises until 2020. Under the action plan, the MARD will improve the agricultural business environment while developing mechanisms and policies on assisting, attracting investment and improving competitiveness for agricultural businesses. Solutions include the restructuring of the agricultural sector in terms of production planning and State-owned enterprises as well as drawing social engagement in providing public services. The ministry will assist enterprises in accessing resources and markets, and protect the domestic market from the adverse impacts of the integration … [Read more...] about BUSINESS IN BRIEF 27/6
BUSINESS IN BRIEF 16/5
Garment firms trying on locals for size Local sources are to meet local textile garment firms’ material needs. Dinh Vu polyester fibre plant in northern Haiphong city’s Dinh Vu Industrial Park, developed by Petrochemical and Textile Fibre Joint Stock Company (PVTEX), is one local firm to cash in as it made its first batches of polyester synthetic fibre, the first of its kind made in Vietnam, in late 2011. Though still in the test run period, from December 2011 PVTEX has sold over 20,000 tonnes of fibres and yarns through competitive pricing. Though the Dinh Vu plant was not officially up and running, some businesses under Vinatex began to use the plant products, according to Vinatex’s deputy general director Le Tien Truong. As scheduled, in 2012 the Dinh Vu plant will turn out 150,000-175,000 tonnes of fibres meeting 40 per cent of the garment textile sector demand. In 2011, local supply sources could fill just 30 per cent of local demand for fibre, tantamount … [Read more...] about BUSINESS IN BRIEF 16/5
BUSINESS IN BRIEF 17/1
Real estate sector eyes recovery The domestic property market was expected to recover this year with the addition of more investment from home and abroad, as well as a looser credit policy, experts said. The Ministry of Construction said the market would recover earlier if the Government offered a flexible credit policy in combination with flexible banking interest rates and high liquidity in capital flows to this market segment. "The Government will loosen the credit policy for the real estate sector for the long term," said Dao Manh Hung, Head of Investment Department at the Savills Viet Nam Ltd Company, a foreign real estate consulting firm in Viet Nam, during a conference on development of the Ha Noi real estate market in the last quarter of 2011. "In the short term, the real estate market needs foreign and domestic investment to reduce the capital shortage in banks which are the major source for capital in the local property market." "Savills Viet Nam has promoted … [Read more...] about BUSINESS IN BRIEF 17/1
GOVERNMENT IN BRIEF 17/10
Vietnam , Laos armies promote cooperation The army delegations of Vietnam and Laos held talks in capital Vientiane on October 17 to strengthen bilateral ties. The Vietnamese delegation was led by Lieutenant General Ngo Xuan Lich, head of the General Department of Politics under the Vietnam People's Army (VPA). Lt. Gen. Lich visited Star Telecom (Unitel) company in Laos. (Photo: QDND) The Lao delegation was led by Lieutenant General Senguon Saynhalat, head of the General Department of Politics under the Laos People's Army (LPA). Lt. Gen. Saynhalat briefed his guests on Laos' socio-economic development in 2009-2010 and the results of cooperation programs between the two General Departments in recent years. He valued the implementation of a protocol between the two countries' Ministries of National Defence on the exchange of delegations and provision of medical care services. He noted with satisfaction the close coordination between the two armies in searching and … [Read more...] about GOVERNMENT IN BRIEF 17/10