Suggestions to improve work environment

Panasonic Life Solutions Viet Nam in Viet Nam - Singapore Industrial Park, Binh Duong Province. Viet Nam would adjust investment policies to adapt to the global minimum tax rate and remain an attractive destination for investment. — VNA/VNS Photo Vu Sinh Viet Nam will adjust investment policies to adapt to the global minimum tax rate and remain an attractive destination for investment. The move comes amid concerns that this measure might undermine the competitive advantage of developing countries in attracting foreign investment through offering tax incentives. The global minimum tax was Pillar Two of the Organisation for Economic Co-operation Development (OECD)’s base erosion and profit-shifting (BEPS) framework. To date, the solution drew the participation of over 140 countries and jurisdictions, including Viet Nam, which aimed to reform international taxation rules and ensure that multinational enterprises pay a fair share of tax wherever they operate through the … [Read more...] about VN to develop policies to adapt to global minimum tax

Hanoi is facing an increasingly tight space for breeding, as the city has the highest livestock density in the country. Hanoi possesses all the necessary elements to promote public-private cooperation in developing the livestock industry. Safe livestock production in Soc Son District. Photo: Tung Nguyen Nguyen Xuan Dung, Chairman of the Animal Husbandry Association of Vietnam (AHAV), made the remarks on March 16 at a conference on public-private partnership (PPP) in animal husbandry. Dung added Hanoi boasts abundant resources in terms of human capital, materials, knowledge, ambition, businesses, institutions, and educational establishments, which are potential players in such a partnership. Data from the Hanoi Department of Agriculture and Rural Development suggested the total number of buffaloes in Hanoi had increased by 4.1% to 28,700 heads by February 2023, while the cow herd decreased by 0.1% to 128,400 heads. The pig herd had increased by 3.7% to 1.4 … [Read more...] about Hanoi promotes public-private partnership to boost livestock production

Vietnam's foreign partners, such as AmCham and EuroCham, expect to further penetrate the domestic clean energy industry. Vietnam’s renewable energy sector remains attractive to international businesses, officials said on March 19 as they urged the Government to finalize the regulatory system soon. A wind power farm in the southern central province of Binh Thuan. Photo: The Hanoi Times According to Gregory Testerman, Chairman of the Board of Governors of the American Chamber of Commerce in Vietnam, US companies are looking for solutions in renewable development, especially gas-fired power, and offshore wind projects. Gregory said that Vietnam needs to prioritize sustainable energy sources at reasonable prices, adding that the nation will need technical and financial assistance to transition energy. AmCham Vietnam hopes to reach an agreement with the Vietnamese Government on power trade to cut carbon emissions and bring the economy into a state of … [Read more...] about International partners keen on Vietnam’s renewable energy sector

The Vietnamese Government commits to creating all possible conditions for businesses to growth further, Prime Minister Pham Minh Chinh affirmed at the Vietnam Business Forum 2023 (VBF 2023) in Hanoi on March 19. PM Pham Minh Chinh speaks at the forum (Photo: VNA) Reviewing the country’s socio-economic recovery and development achievements in 2022, the PM said the macro economy remained stable, major economic balances were ensured, and notably the domestic investment and business environment was improved significantly. During the post-COVID-19 period, the foreign investment disbursement went up 13.5% as compared with 2021, which reflected Vietnam’s attractiveness in the regional and global investment maps, he said. Chinh stressed that the Vietnamese Party and State advocate green growth in order to ensure rapid, effective and sustainable economic development, contributing to implementing the 2021-2030 socio-economic development strategy. However, green … [Read more...] about PM pledges to further support enterprises at Vietnam Business Forum 2023

Reviewing the country’s socio-economic recovery and development achievements in 2022, the PM said the macro economy remained stable, major economic balances were ensured, and notably the domestic investment and business environment was improved significantly. During the post-COVID-19 period, the foreign investment disbursement went up 13.5% as compared with 2021, which reflected Vietnam’s attractiveness in the regional and global investment maps, he said. Pham Minh Chinh stressed that the Vietnamese Party and State advocate green growth in order to ensure rapid, effective and sustainable economic development, contributing to implementing the 2021-2030 socio-economic development strategy. However, green growth needs a suitable roadmap, with conditions and capacity of each region, locality and business taken into consideration, he noted, encouraging the engagement of all, particularly businesses and people, in this regard. The Government will work to consolidate institutions, … [Read more...] about Prime Minister pledges to further support enterprises at Vietnam Business Forum 2023