Net promoter score rankings

Vietnam has 13 preferential trade agreements in force, significantly liberalising trade According to the index, Vietnam’s economic freedom score is 61.7, making it the 90th freest on the index. Its overall score has increased by 2.9 points, primarily because of an improvement in fiscal health. Vietnam scored 82.8 in fiscal health, higher than the world average of 74.2. The score is up 24.8 against last year and is the highest growth rate over the last four years. Vietnam ranks 17th among 40 countries in the Asia-Pacific, and its overall score is above the regional and world averages. Vietnam’s economy broke into the moderately free category this year for the first time. According to the Heritage Foundation, Vietnam’s ranking could increase further if the government took additional action to liberalise investment rules and the financial sector. Business freedom has declined slightly in comparison to other countries. However, Vietnam’s new 2019 labour code has added flexibility to labour contracts. The government funds a variety of subsidies for fuel, energy and water utilities, food, natural resources, and pharmaceuticals. Vietnam has 13 preferential trade agreements in force. The trade-weighted average tariff rate is 5.5 per cent, and 83 non-tariff measures are in effect. The overall investment framework continues to improve, and several amendments related to foreign direct investment have been adopted. However, there are ownership limits in various sectors. The state remains involved in the financial sector, and only about 30 per cent of adult Vietnamese use formal banking services. The Heritage Foundation measures these indicators based on data from 184 economies. This is the 27th year in a row the organisation has conducted this survey. The ranking is based on rule of law (property rights , judicial effectiveness , government integrity), government size (tax burden , government spending, fiscal health), regulatory efficiency (business …

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Vietnam striving to promote sustainable marine aquaculture development Vietnam striving to promote sustainable marine aquaculture development hinh anh 1 A shrimp farming area in Phu Yen province Vietnam is to have 280,000 ha of marine aquaculture area and 10.5 million cubic metres of farming cages by 2025, according to the Ministry of Agriculture and Rural Development (MARD). Annual marine aquaculture output and export turnover are expected to reach 850,000 tonnes and between 800 million and 1 billion USD, the ministry said. The MARD has taken a series of measures to promote sustainable marine aquaculture in coastal areas nationwide, towards turning the sector into a key part of the country’s maritime economy by 2045. Deputy Minister of Agriculture and Rural Development Phung Duc Tien said agencies have coordinated with coastal localities to review and build a plan for aquaculture development in Vietnam to 2030 with a vision to 2045. The plan will focus on improving the output, quality, and economic efficiency of marine aquaculture, protecting the environment and adapting to climate change, restructuring production activities, and building value chains for each group of products, with industrial marine aquaculture to play a key role. Incentive policies will be available to offshore industrial aquaculture enterprises, to encourage them to invest. Attention will be paid to creating business communities in offshore aquaculture in major coastal cities and provinces, including Quang Ninh, Hai Phong, Binh Dinh, Phu Yen, Khanh Hoa, Ninh Thuan, Binh Thuan, Ba Ria - Vung Tau, Ca Mau, and Kien Giang, as well as others with substantial potential. Marine aquaculture and aquatic processing centres, logistics services, and fisheries infrastructure will be developed in north-central and central coastal localities from Thanh Hoa to Binh Thuan. Priority will be given to developing models of multi-species farming and in supporting establishments …

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Prime Minister meets with outstanding Vietnamese entrepreneurs The sustainable development of the business community is an important foundation contributing to the nation’s prosperity, Prime Minister Nguyen Xuan Phuc shared at a meeting with outstanding Vietnamese entrepreneurs and intellectuals with the theme of “Dialogue 2045” in Ho Chi Minh City on March 6. In his opening remarks, PM Phuc affirmed that entrepreneurs and intellectuals have made great contributions to the nation’s development. To stand shoulder to shoulder with powers around the world, Vietnam must have strong businesses and competitive brands at the regional and global levels, and competent human resources who can undertake the great jobs of the country, he stressed. To that end, it is necessary to free all resources and potential of and mobilise the strength of nearly 100 million Vietnamese people, including overseas Vietnamese, and at the same time attract and bring into full play the international resources from integration and globalisation and from both direct and indirect investments, the PM stated. Informal ASEAN Ministerial Meeting: Vietnam and ASEAN cooperate to drive back pandemic Deputy Prime Minister and Foreign Minister Pham Binh Minh. Deputy Prime Minister and Foreign Minister Pham Binh Minh on March 2 led a Vietnamese delegation to attend a virtual Informal ASEAN Ministerial Meeting, during which he affirmed that Vietnam, as an active and responsible member of the ASEAN Community, is committed to working with other member states of the bloc in fighting the COVID-19 pandemic. Vietnam will back and help the ASEAN Chair in 2021 to fulfil its tasks and speed up the building of the Community, he stated, stressing that boosting relations with partners and maintaining dialogues and cooperation bear important significance for the building process. Deputy PM Minh noted that escalating violence and tensions, which have caused human losses in Myanmar in recent days, …

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