Provincial competitiveness index pci

Logo of Vietcombank on its trading office in Tran Hung Dao Street, Ha Noi. The bank shares soared 2.25 per cent on Monday, led the market's bullish sentiment. — VNS Photo Ly Ly Cao Benchmark indices opened the week on a positive note, buoyed by the improvement of risk appetite. The VN-Index on the southern bourse Ho Chi Minh Stock Exchange (HoSE) ended Monday at 1,052.25 points, a gain of 5.46 points, or 0.52 per cent. It logged a long rising streak of five days with the market's breadth inclining to the uptrend. Meanwhile, liquidity increased slightly, of which over VND9.7 trillion (US$413.2 million) worth, equivalent to nearly 557 million shares, was traded on HoSE. The VN30-Index also advanced 5.03 points, or 0.48 per cent, to close the trading day at 1,056.45 points. Twenty of the 30 biggest stocks in market capitalisation of the VN30 basket jumped, of which one hit the ceiling price. Eight stocks declined while two stayed flat. On the Ha Noi Stock Exchange (HNX), the … [Read more...] about VN-Index extends its long winning streak

Officials from the sides poses for a group photo (Source: VNA) Ha Giang (VNA) – Four northwestern border provinces of Vietnam, namely Lao Cai, Ha Giang, Lai Chau, and Dien Bien, and China’s Yunnan province on March 27 convened the 3rd annual conference between secretaries of their provincial party committees. With Ha Giang hosting the event, Secretary of its Party Committee Dang Quoc Khanh underscored the countries’ close-knit ties and the two peoples’ long-standing traditional friendship in his opening speech. He recommended the five localities make efforts to boost mutual visits between their leaders and host exchanges between their Party units. He also suggested they maintain smooth trade at their crossings and pairs of border markets, and speed up the establishment of new border gates and upgrade existing ones. It is also important to resume their cross-border import, export, and tourism activities, he said. At the event (Photo: VNA) Informing one another about their … [Read more...] about Vietnamese, Chinese border communities beef up cooperation

Vietnamese companies prioritize environmentally friendly and sustainable practices as part of their efforts to ensure long-term growth. More than 85% of Vietnam's 500 fastest-growing companies (FAST 500) have committed or plan to comply with environmental, social, and governance (ESG) standards, according to a survey conducted by the Vietnam Report Company (Vietnam Report). Electronics production at SGK Company (Chuong My Industrial Park), a component supplier for Samsung. Photo: The Hanoi Times As the global community continues to prioritize environmentally friendly and sustainable practices, Vietnam is also placing a great deal of emphasis on achieving carbon neutrality by the year 2050. FAST500 companies are aware of the importance of ESG standards and are in the process of adopting this strategy, the report states. Specifically, 14.8% of companies surveyed had initiated and implemented some of their ESG obligations, while 37% had fully planned and … [Read more...] about Over 85% of major Vietnamese companies are committed to ESG standards

The event was organized by the Ho Chi Minh City Youth Union, the Ho Chi Minh City chapter of the Vietnam Youth Federation, and the city’s Vietnam Students’ Association, with the support of the Ho Chi Minh City Power Corporation. During the event, Tran Thu Ha, Deputy Secretary of the Ho Chi Minh City Youth Union and Chairwoman of the city’s Vietnam Students’ Association, delivered a speech in which she stated that the running contest aimed to raise awareness about the importance of a green lifestyle. The city’s young people hoped to contribute to the common efforts of saving energy, protecting the environment, and preventing climate change. In addition to the running competition, various activities were implemented by the city’s youth unions on the morning of March 25. These included organizing sports activities to encourage young people to run 10,000 steps per day, as well as an Olympic Run Day for the health of the entire  in 2023. The youth unions also organized environmental … [Read more...] about Over 1,300 people join run in Ho Chi Minh City to mark Earth Hour

It is now nearly impossible to buy a new apartment at the VND 2 billion mark. According to a report in 2022 from Rever, a Southeast Asia technology firm in real estate brokerage, for VND1.5-1.8 billion, one can buy a 30-55 square meter apartment built 6-10 years ago in Thu Duc City, on the secondary market. The average income of workers in Ho Chi Minh City (HCMC) this year is about VND148 million a year, according to property listing platform Batdongsan.com.vn. By that calculation, it will take up to 24 years to save, with no spending on anything, just to buy an apartment. The type of apartment used in this survey costs VND3.5 billion per unit. The data also shows that Vietnam ranks first in Southeast Asia in terms of the gap between house prices and average worker incomes. From 2018 to 2021, the ratio of the difference between real estate prices and the average income of Vietnamese has continuously increased, surpassing even Singapore. On the other hand, Indonesia, Malaysia and … [Read more...] about A laborer needs to save for 25 years to buy an apartment

Visas, service quality, and technology were all part of discussions on a better-performing tourism sector Photo: Cuong Minh May’s National Assembly session is likely to help push ahead a revamp of the country’s rules on entry and exit for foreign visitors, after the Ministry of Public Security crafts amendments to the current law. The development will be an important basis for the issuance of new regulations related to the visa policy, removing difficulties for the tourism industry, and creating conditions to attract more international visitors this year, according to most observers. Dang Tuan Viet, deputy director of the Ministry of Public Secrutity’s (MoPS) Vietnam Immigration Department, said that the proposal emphasised two major areas related to unilateral visa exemption and electronic visa policy. The MoPS also proposes to expand the number of countries that can issue e-visas from 80 countries to the maximum. The MoPS will also ask to increase the temporary stay … [Read more...] about Visa upgrade at heart of fresh approach to tourism

Proposals relating to cooperation and encouraging foreign investors to join Vietnam’s innovation journey were addressed at some forums, including one at VIR’s headquarters and the annual Vietnam Business Forum (VBF) organised in Hanoi over a week back. Working groups of the Vietnam Business Forum touched on a variety of topics and recommendations for greater progress Photo: Dung Minh One particular area of discussion focused on the digital economy and tech such as blockchain. Do Tien Thinh, deputy director of the Vietnam National Innovation Centre (NIC) said at VIR’s forum on digital transformation on March 21 that the NIC is working with many big foreign technology groups to connect them with domestic enterprises to implement training courses and technical supporting programmes. Thinh said Google has implemented digital skill training courses for businesses, especially startups. In mid-2022, Google launched a certification initiative and Startup Academy Vietnam, … [Read more...] about High-tech talent pool to aid transformation

The northern mountainous province of Lang Son is working to complete a report on the addition of tourist attractions to the four sightseeing routes planned for its geopark area ahead of March 30, heard a working session on March 27. The Dong Lam meadow in Huu Lung district, Lang Son. (Photo: VNA) The session took place between the Lang Son authorities and a delegation of consultants for developing the geopark into a global one, led by Guy Martini, chairperson of the UNESCO Global Geoparks Council. Chairing the meeting, Permanent Vice Chairman of the provincial People’s Committee Duong Xuan Huyen took into account recommendations of the experts. He assigned localities involved to coordinate with the management board of the geopark to complete the report. On March 11-15, the delegation examined the current status of geological heritage, biodiversity, cultural heritage and tourism products in Lang Son city and the six districts of Loc Binh, Huu Lung, Chi … [Read more...] about Lang Son considers building four routes for panoramic geopark touring

Illustrative image (Photo source: vneconomy.vn) Hanoi - Vietnam is studying and adjusting its investment policies to adapt to the global minimum corporate income tax which is scheduled to be applied from 2024, said Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc. The global minimum corporate income tax is part of the Action Plan on Base Erosion and Profit Shifting (BEPS), which involves the participation of 141 member countries. Accordingly, large companies with annual global consolidated revenue of at least 750 million EUR (806 million USD) over at least 2 years of the preceding 4-year period will be subject to a minimum tax rate of 15 per cent. If they are currently paying a tax rate lower than 15 per cent in the country where they are investing, they will have to pay the remaining "shortfall" at a tax rate of 15 per cent to the country where they have their headquarters. According to economists, investment exporting countries’ application of the global … [Read more...] about Vietnam adjusting policies to adapt to global minimum corporate income tax: Official

Secretary of the Thua Thien - Hue provincial Party Committee Le Truong Luu. (Photo: VNA) Thua Thien-Hue (VNA) – The cooperation between the central province of Thua Thien-Hue and Attapeu province of Laos has been strengthening and generating practical results in fields, Secretary of the Thua Thien - Hue provincial Party Committee Le Truong Luu said on March 27. At a working session with a Lao delegation led by Secretary of the Attapeu Party Committee and Governor of the province Let Xaynhaphon, Luu and his guest informed each other of their local socio-economic developments, administration and Party building work, and cooperation results over the past time. They also discussed cooperation opportunities in the coming time, and affirmed the two sides will further coordinate to finalise a draft cooperation agreement for the 2023-2027 period. They will effectively implement an agreement to manage and protect the borderline, prevent and fight against all kinds of cross-border … [Read more...] about Thua Thien-Hue, Laos’ Attapeu province strengthen cooperation