This is the second national business conference chaired by PM Nguyen Xuan Phuc since he took office in 2016 in a bid to seek ways to further improve the country's business environment. The conference is also attended by leaders of 63 local authorities and representatives of 200 foreign-funded enterprises. In the afternoon, the Government will convene meeting with leaders of ministries and localities to consider businesses' recommendations presented at the conference. At 7: 30am, PM Phuc started the conference which is scheduled to last until 13pm. He called on business leaders and other delegates to contribute frank ideas and recommendations on how the Government will create best conditions for the operation of businesses. The PM strssed that despite achievements, there remained many things that we have to address to remove difficulties against business. At 7.45': Minister of Planning and Investment Nguyen Chi Dung presented a report on one-year implementation of the Government's … [Read more...] about Live: National Business Conference, EUROCHAM suggests ways to create new wave of investment inflows
New credit reporting laws 2017
April 17-23: Vietnam unveils new 4G service
Viettel officially rolls out 4G services The telecom giant Viettel formally launched its 4G network on April 18, becoming the first carrier in Vietnam to do so. The launch came only six months after the company was granted a licence to provide the service, which Viettel says is the fastest response in the world’s history of 4G roll-out. The company adds that it is the only carrier in the world to provide nationwide coverage at the time of launch with 36,000 4G stations already installed, covering 95% of the population. Viettel will offer a broad range of 4G plans with costs cheaper than 3G by 40-60% and pledges to ensure a download speed of 30-50 Mbps, up to 10 times faster than the current 3G speed. The company is also planning to offer 4G-enabled mobile devices with prices as low as VND1.3 million (US$57) with the aim of ensuring that no one is left behind when technology advances, as per its slogan. Deputy PM and Foreign Minister Pham Binh Minh visits the US, China Deputy … [Read more...] about April 17-23: Vietnam unveils new 4G service
New policies take effect in April DTiNews
A string of new policies on trade reconciliation, energy labeling, cash collection and expenditure, and financial management mechanisms for Electricity of Vietnam (EVN) will come into effect in April, according to the Government e-Portal.Trade reconciliation From April 15, Decree No.22/2017/ND stipulating the principles, policies, requirements, sequence, and procedures for resolving disputes through trade reconciliation shall take effect. The settlement of disputes via trade reconciliation must ensure the principle of voluntarism and equality in terms of rights and duties between parties to disputes who participate in reconciliation activities. Information relating to the reconciliation case must be kept confidential, except in the case of a written agreement between the parties or other regulations of the law. The contents of the reconciliation agreement must not violate the law, go against social norms, seek to evade obligations, or infringe upon the rights of a third party. A … [Read more...] about New policies take effect in April DTiNews
Justice Ministry announces top ten prominent events in 2017
NDO – The Ministry of Justice has announced ten outstanding events in the justice sector in 2017 as followed:1. The important finalised competence of the justice sector: the revised Law on Legal Aid takes the legitimate rights and interests of the beneficiaries at the centre; while the revised Law on State Compensation Responsibility has been expanded to enhance responsibility for the performance of public duties. 2. Bilateral cooperation in the legal and judicial field has grown to new heights with a marked breakthrough in relations with neighbouring countries.In 2017, the judicial sector has actively enhanced the effectiveness of international law cooperation with practical bilateral cooperation activities with neighbouring countries, including Laos, Cambodia and China. 3. The law enforcement has witnessed positive changes: the documents detailing the implementation of laws and ordinances under the authority of the Government and the Prime Minister have been finished, while … [Read more...] about Justice Ministry announces top ten prominent events in 2017
VNA selects 10 outstanding economic events in 2017
Việt Nam News Agency (VNA) has selected what it considers to be the 10 most outstanding economic events of Việt Nam in 2017. 1. All 13 socio-economic targets fulfilled For the first time in years, Việt Nam completed and surpassed all 13 socio-economic targets set by the National Assembly. The macro-economy was stable, inflation was under control, while the State budget collection and major economic indicators met requirements. The country’s gross domestic product (GDP) expanded by 6.81 per cent – the highest level since 2011, while its export revenue reached US$213.77 billion, up 21.1 per cent from the previous year. Việt Nam attracted almost $36 billion in foreign direct investment (FDI), welcomed around 13 million international tourists and opened more than 120,000 new businesses. 2. APEC 2017 promoted regional co-operation and enhanced Việt Nam’s position With the theme “Creating new dynamism, fostering a shared … [Read more...] about VNA selects 10 outstanding economic events in 2017