Viet Nam still needs to make more reforms to achieve sustainability in economic growth, five years after implementing Government Resolution 19 on improving the business environment and enhancing national competitiveness. Phan Duc Hieu, deputy director of the Central Institute for Economic Management (CIEM) spoke to Vietnam News Agency about this issue. How do you review the implementation of Government Resolution 19 on improving the national business environment and competition? Resolution 19 started to be implemented from 2014. Since then, the quality of the national business environment has begun to improve according to World Bank (WB) indicators. There are some very good indicators such as the getting electricity indicator at the top 30 at present from around 150th-160th and the indicator of protecting minority investors up to 80th position from being unlisted before. However, Viet Nam has not gained the Government’s goal of becoming among the top four nations in terms of … [Read more...] about VN needs business environment reform breakthrough
What does business management do
Competition challenges local business culture General director of Vien Dong Joint Stock Assurance Company, Nguyen Tien, talked with Thoi bao Kinh te Sai Gon (Saigon Economic Times) about the importance of business culture. (19-04-2006) What does business culture mean to enterprises? The success of an enterprise comes from all individuals' efforts, thus business culture plays a key role in making the relationship of the individual's interest and the collective's harmonious. We can not always use money as the motivation for the cooperation and hard work of a company's employees.The business culture will push the staff to work without thinking about bonuses or personal gain. So what is business culture, in fact? Do you think that a staff who only thinks of money will not contribute to the business culture? At the moment, the biggest issue for enterprises is what the business culture is and how to create a better business culture. In my opinion, business culture comes from the values built … [Read more...] about Competition challenges local business culture
The World Meteorological Organization reported that globally, 2010 was the hottest year on record. Nine of the ten hottest years ever recorded were in the first decade of this century. A foreign tourist wades down a flooded street in the tourist town of Hoi An in the central province of Quang Nam in 2009. … [Read more...] about Climate change – what does it mean for Vietnam?
Leading experts and business executives gaze into their crystal ball in this two-part prognosis. Consumers at Lotte Mart in Ho Chi Minh City's District 7. Businesses depending on exports will find it difficult to survive in 2009 but those depending on the local market will remain in good shape, experts said. … [Read more...] about What does 2009 hold for economy and businesses?
Vietnamese firms have come through the global economic crisis well and can achieve more with support from the government, economist Pham Chi Lan said. Lan, a former member of the Prime Minister’s Research Commission, told Tuoi Tre that though the number of businesses in the country rose 12.5 times from 40,000 to 500,000 between 1990 and 1999, the change in political and social perception about their roles only started five years ago, five years after the Enterprise Law too effect. What is the contribution of Vietnamese entrepreneurs? Since October 13 has been chosen as the national day for them and not for business in general, it is clear that Vietnam has started to recognize their contributions. The number of businesses, at around six per 1,000 population, is still small compared to other countries where the average rate is 19 per 1,000 people in low-income nations and 29 per 1,000 in middle-income countries. The fact that more than 1 million jobs have been created, mainly … [Read more...] about Businesses can do more with support: economist