Hai said that it is necessary to further improve the logistics legal framework in accordance with Vietnam’s actual development demand in order to improve competitiveness and enable the industry to make the most of the opportunities offered by the EVFTA. Further promoting administrative simplification, application of the National Single Window (NSW), ASEAN Single Window (ASW), electronic customs and commerce are also important to help foreign trade and logistics enterprises minimize costs. It is necessary to promote state management of logistics by the national committee on ASEAN Single Window and National Single Window, and Trade Facilitation (Steering Committee 1899), develop and implement logistics development strategies and policies, and consistently improve logistics infrastructure. The Vietnam Logistics Business Association should strengthen connectivity between businesses in the industry, helping them reduce costs and improve competitiveness. … [Read more...] about EVFTA offers opportunities for logistics business
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The ministry said that by the start of this month, a few Nepalese importers agreed to sign an application for re-export. However, in order to bring all the goods back as expected, Vietnamese businesses need to coordinate closely with State management agencies and must actively persuade their partners to sign the application for re-export. … [Read more...] about MoIT seeks way to help businesses re-export pepper stuck in Nepal
Hanoi (VNA) - The PetroVietnam Gas Corporation (PV Gas), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), has been named among the top 50 best performing listed companies in Vietnam in 2019 (Top 50) by the “Nhip Cau Dau Tu” (Investment Bridge) magazine and the Thien Viet Securities JSC. The rankings were developed based on international standards used by famous global publications and with consultancy from economists and business experts from the Harvard Business School in the US. PV GAS posted dual growth, in revenue and profit. Its return on equity (ROE) ratio and earnings per share (EPS) ratio grew every year during the 2017-2019 period. It also saw effective business operations, contributing significantly to protecting the environment and the country’s energy development. Collectively, the Top 50 businesses generated more than 60.5 billion USD in revenue (up 17 percent) and 7.1 billion USD in net profit (up 30 percent) in fields such as services, … [Read more...] about PV GAS ranked among Vietnam’s 50 best performing listed companies
The epidemic has made US businesses realize that they need to choose production locations which not only allow them to optimize production costs, but also have the capability to resist shocks and risks. The figure is expected to create a positive effect on decisions by American investors to expand their production and business to non-China markets. … [Read more...] about Will US investors head for Vietnam after leaving China?
The Asia-Africa Market Department under the Ministry of Industry and Trade (MoIT) stated that the Vietnamese side also held a series of online meetings with their counterparts in Nepal in an effort to devise solutions aimed at resolving challenges faced by Vietnamese firms.If Nepal is unable to import pepper, then it is deemed necessary to create conditions in which Vietnamese enterprises can re-export their consignment. … [Read more...] about VN Trade Ministry rescues 58 containers of pepper stuck in Nepal