(VEN) - Vietnam Economic New's Huong Lan spoke with Tran Anh Tan, the director of the Center for Environment and Cleaner Production. In order to maintain achievements by the Component of Cleaner Production in Industry (CPI), (the Component for Cleaner Production in Industry is part of the Program of Development Cooperation in the Environment between the governments of Vietnam and Denmark for 2005-2010) and contribute to the strategy on cleaner production in industry until 2020, the Center for Environment and Cleaner Production has recently been established. Why the Center for Environment and Cleaner Production is established and what are the center's functions? Obtaining vigorous growth, the industry sector has made a huge contribution to the country's economic development. However, the dark side of industrial development is adverse impacts on the environment. Thus, it is very necessary to apply environment protection methods toward cleaner production. Aware of the importance of … [Read more...] about Support Added for Businesses in Cleaner Production
Government approvals for business
Seeking Direction for Businesses
To develop a mighty business force in Vietnam when Vietnam further integrates into the world, the Vietnam Chamber of Commerce and Industry (VCCI) organised a seminar to discuss a national strategy for the development of business and entrepreneur force in Vietnam. Quality, quantity mismatch After 20 years of implementation the doi moi (renovation) policy, the Vietnamese economy has made positive progresses. The private economic sector has recently been recognised as one of the driving forces for the national economic growth. The recent institutional change encouraged the people to do business and establish a large private business area. However, according to experts, Vietnam should pay more attention to the quality development of businesses. On October 12th, 2006 in Hanoi, VCCI hosted the typical entrepreneur awarding ceremony for one hundred outstanding entrepreneurs. Their contribution for the socio-economic development of the country was recognized and honored by the society. … [Read more...] about Seeking Direction for Businesses
Trade Promotion for Businesses in Tough Periods
Recently, authorised by the Prime Minister and directed by the Standing Committee, Vietnam Chamber of Commerce and Industry has established a Vietnam- Latin America Business Council, which officially went into operation in 2013. This is one of the recognised activities of VCCI in 2013 to support Vietnamese companies in seeking investment opportunities and trading with foreign markets. In face with the difficulties of the world and Vietnamese economies, the numbers of international delegations to Vietnam and numbers of overseas field trips for Vietnamese businesses in the first months of 2013 have decreased significantly. Under these circumstances, VCCI has actively focused on the trade promotion activities in the domestic market by organising conferences and seminars to support businesses to access the new policies of the Government and ministries on foreign trade, creating opportunities for Vietnamese businesses to research foreign markets and communicate with experts, foreign … [Read more...] about Trade Promotion for Businesses in Tough Periods
Financial measures to ease difficulties for businesses in 2013
Nhan Dan - In accordance with the National Assembly's Resolution on the 2013 Socio-economic Development Plan, Resolution on the 2013 State Budget and the global and domestic economic climate, the Ministry of Finance (MOF) has recommended to the Government a number of financial measures aimed at easing difficulties for businesses and reviving the market in 2013. The MOF proposed extending the deadline for corporate income tax payments by three to six months for small and medium-sized enterprises (SME), labour-intensive enterprises operating in the fields of manufacturing, agricultural product processing, garment, textile, footwear, electronic spare parts and construction of socio-economic infrastructure. The new tax rates of between 10% and 20% will be applied to SMEs and social housing enterprises six months in advance of the scheduled date. The value added tax will continue to be reduced by 30-50% for social houses and houses with a floor area of under 70m2. The MOF also … [Read more...] about Financial measures to ease difficulties for businesses in 2013
Petroleum wholesalers seek approval for price hike
Four local petroleum wholesalers are seeking approval from the Ministry of Finance to increase retail prices, according to the Price Management Department under the ministry. Accordingly, Vietnam National Petroleum Group (Petrolimex), PetroVietnam Oil Corp (PV Oil), Saigon Petro, and Dong Thap Petroleum Trading Import Export Co (Petimex), have submitted requesting documents to the ministry. Among them, Petrolimex accounts for 55 percent of the local market share. The representative of the four enterprises said the retail fuel prices should be increased since the base price is higher than the retail price, forcing them to take losses. The firm also said in documents sent to the Ministry of Finance that it is not proposing any specific price increase range, it only suggested that the ministry consider the issue. According to Nguyen Tien Thoa, head of the department, the average price of petroleum products in the last 30 days was still as high as around $134 a barrel. As current … [Read more...] about Petroleum wholesalers seek approval for price hike