Reforms needed in unsc

The fifth plenum of the 12th-tenure Party Central Committee issued thematic resolutions on perfecting institutions of the socialist-oriented market economy, and on restructuring, reforming and enhancing the efficiency of State-owned enterprises. In particular, the plenum issued Resolution 10/NQ-TW (June 2017) on developing the private economic sector into an important driving force of the socialist-oriented market economy. The resolution is said to be a drastic step in renewing the thinking on the private economic sector towards creating conditions for this sector to gain equal access to all opportunities and resources, particularly capital, land and natural resources. … [Read more...] about BUSINESS NEWS HEADLINES JAN. 21

“20 investors have registered in the high-tech zone. Several institutes and universities have followed suit because they want to introduce scientific and technological advances in shrimp production to make the zone a national shrimp production hub. We hope in the future the high-tech zone and high-tech farming models will be expanded across Bac Lieu province and the Ca Mau Peninsula in general,” said Trung. … [Read more...] about BUSINESS NEWS HEADLINES JAN. 22

I hope the signing of EVFTA will take place in October this year on the occasion of the 12th ASEM Summit. The EU parliament will then begin the discussion process for approval. I expect that the two sides will have officially completed the EVFTA signing by the end of March 2019, within the current European Parliament’s term of office as the vote for the next term will take place on May, 2019. … [Read more...] about Concerns over Việt Nam-EU FTA signing

Twenty-twelve was the last year that Consultative Group Meetings took place, with the Government placing emphasis on dialogues with investors. This was also the mechanism through which foreign-invested enterprises offered their feedback, with help from chambers of commerce. However, it has not been the case for seven years due to the rise of the Vietnam Business Forum (VBF), held by the Ministry of Planning and Investment, the World Bank (WB) and the International Monetary Fund (IMF). As of 2017, VBF had been in existence for 20 years. … [Read more...] about Listen attentively to be proactive

According to Nguyen Anh Duong, Head of the General Research Department, Central Institute for Economic Management, compared with other countries in the region, Vietnam is not the most competitive environment, but the fastest competitive environment improvement, so when foreign investors invest in Vietnam, they will have advantages in the future. In terms of legal management, Vietnam currently ranks fourth in the region, on par with Thailand and only behind Singapore and Malaysia, due to the Vietnamese government's commitment to improving the business and investment environment with stable political environment. … [Read more...] about EVFTA opens up great chances for FDI attraction into Vietnam