(VOVworld)- Prime Minister Nguyen Xuan Phuc has lauded the Thailand-Vietnam Friendship Association for its contributions to the strategic partnership between Vietnam and Thailand. Meeting with Chairman of the association Prachuab Chaiyasan in Bangkok on Friday, the PM said he hopes the association will continue to work closely with the Vietnamese side in boosting people-to-people exchanges. He took the occasion to express his condolences for the passing of King Bhumibol Adulyadej. The PM was in Bangkok to pay respect to the late King of Thailand. On that day, Prime Minister Nguyen Xuan Phuc received President of Siam Cement Group (SCG) Roongrote Rangsiyopash and President of SCG Chemicals Cholanat Yanaranop. The SCG has operated in Vietnam since 1992, producing tiles, industrial packaging and PVC plastic, among other products. The company and the Petrol Vietnam are co-investing in the Long Son petrochemical complex (LSP), with total capital estimated at between 5 and 6 billion USD. … [Read more...] about The Vietnamese government pledges favorable conditions for Thai investors
The vietnamese government
A target of one million startups by 2020 is going to need some serious funding. Vietnam recently launched an ambitious plan to transform the country from an offshore manufacturing hub for foreign companies into a major player in the global digital economy. In doing so, the government has adjusted business policies to pivot around small and medium-sized companies and encouraged the startup boom. There is no question that one of the challenges facing startups is to find the capital they need to get their ideas off the ground. There have been mixed opinions about whether or not the Vietnamese government should turn itself into a venture capitalist to support early-stage startups. Some experts don’t think that putting the government in charge of deciding which business ideas get funding and which don’t is a good idea. The Becamex Technology Innovation Center (TIC) in Binh Duong Province, just north of the country’s commercial hub Ho Chi Minh City, was launched in … [Read more...] about Should the Vietnamese government invest in startups?
(VOVworld) - Deputy Prime Minister Vu Van Ninh on Thursday led a government working team to the southern province of Dong Nai to inspect the progress of support policies aiding enterprises who had their property damaged due to the recent rioting. Working with local officials and representatives from Chinese Taiwan, Japanese and Republic of Korea businesses in Dong Nai, Deputy Prime Minister hailed the timely response of the local government in stopping some extremists from taking advantage of workers' protests against China's illegal placement of its oil rig in Vietnam's waters to commit social disturbance, affecting the enterprises. He said that law-breakers have been arrested and will be put on trial openly reflecting justice. He noted that Prime Minister Nguyen Tan Dung has also directed ministries and localities to promptly give specific assistance to affected enterprises. … [Read more...] about The Vietnamese government pledges to stand aside foreign investors
(VEN) - Europe has expressed increased confidence in the Vietnamese market, according to EuroCham's survey of the Business Confidence Index (BCI) of European businesses in the first quarter of this year. As a result of increased BCI, European businesses want to increase their investment in Vietnam, marking a highlight in the Vietnamese economy. EuroCham said that the BCI of European businesses in Vietnam increased three points to 48 points in the first quarter of this year. The percentage of businesses speaking highly of the business environment increased from 26 percent in the last quarter of 2012 to 40 percent in the first quarter of this year, while 36 percent of surveyed businesses had a neutral look. Regarding business prospects in Vietnam, 42 percent of the survey businesses had a neutral look (the same as in the last quarter of 2012) while 30 percent had a positive look and 28 percent had negative assessments. The level of investment project attractiveness was stable. The … [Read more...] about Europe increases its confidence in the Vietnamese market
Over the last 60 years, the Vietnamese Government has amended and further developed its policy on war invalids, fallen combatants and other revolutionary contributors. Their communities have taken good care of them and they themselves have strived forwards. Particularly, during the renewal and international integration process, this policy has been institutionalised and reformed to take an important position in Vietnam's social security and welfare policy system. Sixty year ago on July 27, 1947, President Ho Chi Minh signed a decree on the disability pension for wounded soldiers and the widow's pension for mothers and wives of war martyrs. Since then, July 27 has become the day for the nation to commemorate and show their gratitude to the martyrs and war invalids who sacrificed their lives and contributed to the cause of national liberation and reunification led by the Communist Party of Vietnam. This demonstrates the nation's humanitarian traditions and morality and the … [Read more...] about Giving preferential treatment to revolutionary contributors – a major policy of the Vietnamese Party and State