Improving business acumen

Deputy Prime Minister Vu Duc Dam speaks at a meeting organised by the National Council for Sustainable Development and Competitiveness Improvement held in Hanoi on December 6. (Photo: chinhphu.vn)   Hanoi (VNA) - Although Vietnam has made strides in bettering the business environment and competitiveness capacity, there’s still room for improvement, heard participants at a meeting held in Hanoi on December 6. The meeting, organised by the National Council for Sustainable Development and Competitiveness Improvement, aimed at reviewing the implementation of the government’s efforts on the issues from 2019 and assign tasks for next year. Dau Anh Tuan, Director of the Legal Department of the Vietnam Chamber of Commerce and Industry, said results of surveys on administrative procedure and tax procedure reform and business environment improvement in 63 provinces and cities showed the proportion of enterprises with positive assessment continued to increase for the third … [Read more...] about Vietnam makes progress in improving competitiveness

Lumitel, Viettel Group's mobile operator in Burundi. Viettel is among a number of Vietnamese pioneering companies investing in Africa. (Photo courtesy of Viettel)   Hanoi (VNA) - Bilateral trade between Vietnam and African economies has made significant growth in the past decade, however, there is still room for improvement. Two-way trade jumped 250 percent to 6.6 billion USD in 2018 from 2.52 billion USD in 2010, Deputy Minister of Foreign Affairs Dang Minh Khoi told a seminar on December 6. During that time, Africa became a favourite destination for Vietnamese companies that operate in telecommunications, agriculture and education such as the military-backed telecom group Viettel, he said. The two sides had also made improvements in political, social and diplomatic relations. Those facts prove the potential of bilateral co-operation between Vietnam and African nations is huge, Khoi added. Secretary General of the International Organisation … [Read more...] about Experts call for risk management to boost Vietnam-Africa trade

News Digest (13-12-2008) VN, Mongolia agree to boost trade to US$10m by 2010 HA NOI — Viet Nam and Mongolia have agreed to boost two-way trade from US$3.5 million to $10 million by 2010. Deputy Minister of Agriculture and Rural Development Ho Xuan Hung and Mongolian Minister for Food, Agriculture and Light Industry Tunjin Badoamjunai, agreed on this at the 13th session of the Viet Nam-Mongolia Inter-governmental Commission for Economic and Scientific and Technological Co-operation. At the four-day session, which opened in HCM City on Wednesday, the two sides also discussed measures to foster economic, scientific and technological co-operation for the next two years. They also agreed to create favourable conditions for business, saying that co-operation between the two banking sectors had created a trustworthy and fast payment mechanism. Nation lauds forum to promote democracy held in Indonesia HA NOI – The Vietnamese Government highly appreciated Indonesia’s … [Read more...] about VN, Mongolia agree to boost trade to US$10m by 2010

At a press conference on April 5, the MoF reported that total state budget revenue reached VND 381 trillion (over USD 16.4 billion) during the last three months, equivalent to 27 percent of the targeted figure for this year – higher than the 23 percent of annual targeted revenue achieved during the same period last year. That sum included VND 315.4 trillion gained from domestic sources, up 13.8 percent year-on-year, the ministry said, adding that 49 of the 63 provinces and centrally-run cities had revenues from domestic sources equivalent to over 24 percent of their estimates for this year. Fifty-four localities reported year-on-year increases in their Q1 revenues. Photo: baohoabinh.com.vn. Meanwhile, the state budget spending during the period surpassed VND 315 trillion, equivalent to 19.3 percent of this year’s spending estimate. The MoF said spending tasks have been performed in line with the set plans, ensuring social security. As the spending demand … [Read more...] about State budget surplus recorded in Q1: Finance Ministry