The Ministry of Planning and Investment proposed recognising business households in the Law on Enterprises, affording them the same level of rights and protection as other forms of business. Should business households become enterprises? Source: quochoi.vn More accurate positioning of business households At the meeting with the National Assembly’s Economic Committee about amendments to the Law on Enterprises, Deputy Minister of Planning and Investment Vu Dai Thang argued that it will position business households more accurately. To prove his point, the deputy minister pointed out some shortcomings in the current regulations on business households, such as their unclear legal status and civil responsibilities, and supervision reaching no farther than district level. He also thought it an undue restriction that households are only allowed to have a maximum of 10 employees and that they cannot open branches or representative offices. Deputy Minister of Planning and … [Read more...] about Should business households become enterprises?
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Processing, packaging exhibition opens in Ho Chi Minh City The ProPak Vietnam 2019 attracts 540 exhibitors. (Photo: thegioitiepthi.vn) The 14th International Processing and Packaging Exhibition and Conference (ProPak Vietnam 2019) kicked off at the Saigon Exhibition and Convention Centre in Ho Chi Minh City on March 19. The three-day event attracts the participation of 540 exhibitors from 31 countries and territories, including first-timers such as Vietnam’s Dai Chinh Quang and Thien An Loc companies, China’s Beijing Omori Packing Machinery , and Sidel India. BT Tee, General Manager of UBM VES – the exhibition’s organiser, stated that the processing and packaging sector is facing several difficulties, including the overuse of plastics in production and the lack of orientations on environmental protection. Therefore, Propak 2019 wants to introduce new technologies that can solve these challenges. Paolo Lemma, Italian Trade Counselor in Vietnam, said that Propak … [Read more...] about BUSINESS NEWS IN BRIEF 20/3
Vietnam’s agricultural sector records progress Over the past years, Vietnam’s agricultural sector has reaped marked achievements, helping ensure national food security. Vietnamese staples such as coffee, rice, rubber, cashew nuts, pepper, fruit, seafood, wood and timber products have gained firm foothold in the global market. Statistics show that the sector’s gross domestic product (GDP) grows about 2.5 percent while its production value expands by 2.73 percent each year. During the 2013-2017 period, the sector’s total export turnover reached 153 billion USD, with 36.2 billion USD earned in 2017. Seven out of the 10 major products saw export turnover exceeding 1 billion USD. To create impressive changes in agricultural production, the Vietnam Farmers’ Union (VFU) has signed a cooperation programme with the Ministry of Science and Technology, under which the two sides join hands in implementing scientific and technological tasks … [Read more...] about BUSINESS NEWS IN BRIEF 12/12
Samsung concludes third training course for Vietnamese consultants Samsung Vietnam and the Ministry of Industry and Trade (MoIT) rounded off its third training course for Vietnamese consultants in the supporting industry with a ceremony in Ho Chi Minh City on October 19. Speaking at the ceremony, Truong Thanh Hoai, Director of the MoIT’s Heavy Industries Department, pointed out some of the industry’s weak points in terms of competitiveness and spare parts materials, attributing them to the limited management and investment capacity of local companies. He said the Government and other relevant ministries have issued many policies to support the growth of the sector, adding that Samsung’s courses are an important part of such efforts. Eight courses of this kind are scheduled to take place in 2018 and 2019, each lasting for three months, aiming to train 200 consultants in total. They are part of a memorandum of understanding (MoU) between the MoIT and Samsung … [Read more...] about BUSINESS NEWS IN BRIEF 21/10
Norwegian solar companies seek cooperation opportunity in Vietnam A group of Norway’s leading solar companies attended a Norwegian Solar Seminar in Hanoi on October 15 to look for cooperation opportunities with local partners in the solar energy sector. The event is co-organized by Royal Norwegian Embassy and Power Engineering Consulting Joint Stock Company 1 (PECC1), under the Electricity of Vietnam (EVN) with the attendance of Norweiginan Ambassador designate, Ms Grete Lochen, Commercial Counsellor Mr Harald Naevdal, General Director of EVN PECC1 Mr Pham Nguyen Hung, representatives from the Ministry of Industry and Trade, and over 70 participants from the EVN and its subsidiaries, independent power plant owners, construction companies, private investors from Vietnam and Laos, suppliers and consultants and other stakeholders. At the seminar, an energy consultant of the World Bank presents an overview of Vietnam’s solar energy, highlighting the achievements of … [Read more...] about BUSINESS NEWS IN BRIEF 19/10