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The state economic sector plays a key role, but how is it today? Many state-owned enterprises (SOEs) are sinking in difficulties. There are 12 poor-performing projects that are processed too slowly, making a huge waste. We have not seen any SOEs that have started any major projects in recent years. So how does this business sector play a leading role in the economy? Where does this sector generate development to contribute to growth in the coming years? … [Read more...] about To catch up with other countries, Vietnam must run quickly and steadily

The event, intended to improve the Vietnamese business environment through a structured dialogue between the government, local and foreign firms and the donor community, attracted nearly 500 investors, according to the Vietnam Business Forum Consortium, which co-hosted the event with the Ministry of Planning and Investment and the World Bank Group. … [Read more...] about Foreign investors still hurt by Vietnam’s red tape: forum

Hanoi (VNA) – ASEAN Foreign Ministers have adopted a Joint Communiqué of the 53rd ASEAN Foreign Ministers’ Meeting (AMM 53), Deputy Foreign Minister Nguyen Quoc Dung told the press on the sidelines of the AMM 53 and related meetings on September 10. The AMM 53 and related meetings are taking place in the form of video conferencing from September 9 to 12. The Deputy FM stressed that the issuance of a Joint Communiqué of the AMM 53 reflected the solidarity and high consensus as well as the resolve of ASEAN in announcing its views on internal matters, the building of the ASEAN Community and regional and world issues, adding that it is also a success of the host country – Vietnam. According to Dung, the negotiations to draft the document lasted over more than one week and consensus was reached in the morning of September 10. He said the Joint Communiqué covers many aspects, but the important thing is that it has acknowledged all the work of ASEAN in … [Read more...] about Joint Communiqué of AMM 53 acknowledges Vietnam’s initiatives, proposals in 2020

In the early stages of development, we have agreed on the efficient use of resources, reduction of recurrent expenditures, and increase of investment expenditures. We think that in the direction of development, making the GDP higher, having more powerful enterprises, and contributing more to the budget, then public debt will automatically decrease. However, there is also a view to keeping public debt and overspending at a low level without paying attention to development and GDP growth. This is a contradiction in development. … [Read more...] about There are many talented Vietnamese, but they have not become the country’s resources

Within the framework of the event, the two agencies signed a memorandum of understanding on cooperation, under which they will exchange information about policies and measures in support of Vietnamese small and medium-sized enterprises (SMEs), share experience in organising activities for SMEs, and join hands to organise workshops, exhibitions, fairs and other trade promotion activities to foster exchange and cooperation between SMEs of the two countries. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 11