For reference: THE GOVERNMENT SOCIALIST REPUBLIC OF VIET NAMIndependence - Freedom - Happiness No. 02/NQ-CP Ha Noi, January 01, 2019 RESOLUTION Continued implementation of major tasks and solutions for improving the business environment and the national competitiveness in 2019 and orientation towards 2021 THE GOVERNMENT Pursuant to the Law on Organization of the Government dated June 19, 2015; Pursuant to Resolution No. 69/2018/QH14 dated April 12, 2016 of the National Assembly on the 5-year socio-economic development plan from 2016-2020; Resolution No. 48/2017/QH14 dated November 8, 2018 of the National Assembly on the socio-economic development plan for 2019; At the proposal of the Minister of Planning and Investment, DECIDES: I. EVALUATION OF THE SITUATION Thanks to implementation of the Government's annual Resolutions No. 19 on improving the business environment and the national competitiveness, ministries, agencies and localities have become increasingly aware … [Read more...] about Resolution on continued improvement of business environment (Resolution 02)
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BUSINESS NEWS 20/12
Thanh Thanh Cong Investment acquires 35 million SBT shares, lifting ownership to 32 per cent Thanh Thanh Cong Investment JSC has purchased 35 million shares in Thanh Thanh Cong - Bien Hoa JSC (SBT), lifting its ownership in the sugar manufacturer to 158.5 million shares, an equivalent of 32 per cent of SBT’s capital. The number fell short of its total registered purchase of 45 million shares. Shares in SBT were trading at around VND20,000-22,000 (US$0.90) on the Ho Chi Minh Stock Exchange during the purchasing time from November 16 to December 14, putting the deal value at more than VND750 billion ($32 million). Earlier in November, chairwoman of Thanh Thanh Cong Investment JSC Dang Huynh Uc My completed the purchase of 20 million shares of SBT, raising her stake to 10.6 per cent. The two shareholders have a combined stake of 42.6 per cent of the outstanding shares of SBT. In October, the company approved a plan to allow My and her affiliates to increase … [Read more...] about BUSINESS NEWS 20/12
BUSINESS NEWS IN BRIEF 27/11
Enterprise Rent-A-Car to enter Vietnamese market The US’s biggest car rental company, Enterprise Rent-A-Car, will officially offer its services in Viet Nam starting on November 29. The company’s website enterprise.vn is now opening for rental services, with vehicles of five to 29 seats. The prices range from VND800,000 (US$34.19) a day for a Suzuki Vitara to VND2.6 million per day for a Samco bus. Enterprise’s car rental services in Viet Nam (and Asia) are licensed to MP Executives – a subsidiary of MP Group – which has more than 23 years of experience in the logistics industry in Viet Nam. Viet Nam is the first country in Asia to use Enterprise’s car rental service. In addition to providing services in the US, Enterprise is available in 84 other countries. Vingroup opens three technology firms Vingroup’s goal in the next 10 years is to become a world-class technology-industry-service corporation in which technology plays a major role. — … [Read more...] about BUSINESS NEWS IN BRIEF 27/11
High-schooler offered scholarships by 11 US universities
A pupil in HCM City has been offered various scholarships by 11 universities which are ranked by US News and World Report as among the 100 best colleges and universities in the US. Nguyen Phan Tat Thanh started the Heart of the Youth project for disabled children affected by the Agent Orange Nguyen Phan Tat Thanh is studying at the High School for the Gifted, under Vietnam National University in Ho Chi Minh City. Based on the achievements, Thanh was offered the highest merit-based scholarships. All 11 universities offered Thanh scholarships that are 50% to 90% discounts on tuition fees for four years. For example, the University of Denver offered USD104,000 in scholarships while the State University of New York - University at Buffalo offered a USD37,000 subsidy. He would still be liable to pay living costs. Thanh said he had been thinking about studying overseas for a long time but was unsure about his financial capability. However, his dream was realised after Heart of the Youth … [Read more...] about High-schooler offered scholarships by 11 US universities
Breakfast @ Tuoi Tre News – February 6
Here are the news stories you should not miss today, February 6: Politics -- A total of 12 cooperation documents were signed during the 40th meeting of the Vietnam-Laos Inter-Governmental Committee in Vientiane on Monday, which was co-chaired by Vietnamese Prime Minister Nguyen Xuan Phuc and his Laotian counterpart Thongloun Sisoulith. Society -- Due to the effect of a cold spell, temperatures in southern Vietnam dropped to 18 to 21 degrees Celsius on Tuesday morning. -- The Hanoi People’s Court on Monday sentenced Trinh Xuan Thanh, former chairman of a subsidiary of the state-run oil and gas group PetroVietnam (PVN), to life in prison for the embezzlement of VND14 billion (US$616,502) at PetroVietnam Power Land Joint-Stock Company (PVP Land). Thanh had already been given a life sentence for his violations in another case. -- During a meeting on Monday, the Party Committee in the central city of Da Nang reprimanded five high-ranking officials, including the … [Read more...] about Breakfast @ Tuoi Tre News – February 6