Hoàng Trung Hải, Secretary of the Hà Nội Party Committee, talks to Vietnam News Agency about the city’s achievements in 2017 and plans for 2018. Can you share with us some of your thoughts on Hà Nội’s socio-economic achievements in 2017? I have to say that I have mixed feelings about the achievements, challenges and limitations of the city’s policymakers in the year 2017. Throughout the year, all members of the Hà Nôi Party Committee have pulled their efforts to bring the 16th Congress of the municipal Party Committee to life. As a result, in 2017, all 20 targets laid down by the City Party Committee were fulfilled, and seven targets were surpassed. When you became Hà Nội’s Commander in Chief, which issues captured your attention most? I should say all fields have their own challenges. But Hà Nội is the capital city, and has its own characteristics requiring us to have a deep … [Read more...] about Hà Nội is to be on par with other cities in the world
What is human capital
A number of key players in Vietnam’s economy talked about what is needed for the country to continue on its path towards development and prosperity. 2017 will also be a difficult, unstable, and hard-to-predict year. Vietnam’s roadmap for development is still driven by a spirit of constructive government and the entrepreneurial spirit of its citizens. The biggest resource for economic growth comes from its people. To fully utilize that resource, the government must earn their trust and be constructive. It will have to ensure it carries out two key tasks: restructuring the economy and conducting institutional reforms in the most aggressive manner possible towards becoming a market economy. We have high hopes for 2017, however, because last year’s forecast was lower and the economy exhibited good signs. This year we hope that the new government will become even more constructive and be a driver of economic growth. I believe problems regarding monetary and … [Read more...] about What it takes
The Hanoitimes - On May 24 afternoon, President Obama met with the business community in Vietnam at the headquarter of the Dreamplex Co-Working Space at the Miss Ao Dai Building in District 1, Ho Chi Minh City. After leaving Hanoi, the US President Barack Obama arrived in Ho Chi Minh City. After visiting the Ngoc Hoang (Jade) Pagoda in Ho Chi Minh City, the US President Barack Obama met with young Vietnamese entrepreneurs and delivered his remarks on entrepreneurship and opportunity for the Vietnamese people. The top US leader was impressed by dynamic young Vietnamese entrepreneurs who are believed to have a wealth of opportunities to do great things. President Obama said he would support Vietnam in startup activities and English language teaching while expressing his confidence in the development of entrepreneurship in the country. "What makes start-ups successful is good ideas and human capital. Investors and infrastructure are important but most is people. If look at Vietnam … [Read more...] about President Obama: Trading is not easy whether in the US or Vietnam
VietNamNet Bridge - Brokerage and consultancy services have helped improve the business performance of small-scale securities companies. A report shows that the total pretax profit of 30 securities companies with total assets of less than VND230 billion (G30) was VND50.3 billion in the first six months of the year. The figures were equal to 3 percent of total profit and 4.5 percent of total revenue of securities companies.The 30 companies now account for 8.5 percent of the balance and 4.8 percent of total assets of all the 78 members. Only 13 of them made profit and 12 reported profit growth. Meanwhile, 18 companies reported making profit in the first half of 2014. Though company revenue from brokerage service in the first six months of the year increased by 26.4 percent compared with 2014’s same period, the higher number of unprofitable companies showed big difficulties securities companies are facing. The CEO of a securities company in G30 said a small scale securities company … [Read more...] about What is the future for VN securities companies?
Foreign investment shift means new measures to utilise capital (15-08-2007) Minister of Planning and Investment Vo Hong Phuc spoke with Tuoi Tre (Youth) newspaper about how foreign investment in Viet Nam can be utilised to benefit the nation and investors alike. What is the foreign investment situation in Viet Nam? Viet Nam has attracted several large-scale foreign-investment projects, especially after becoming a member of the WTO. Many investors are from Middle Eastern countries including Kuwait, Qatar, Oman and the United Arab Emirates who plan to eventually invest billions of dollars in Viet Nam. We foresee a strong strategic partnership with them in the near future. How do we utilise such substantial capital while the country's administrative procedures are complicated, infrastructure is still developing and human resources are lacking? The administration and processing of investments has been decentralised. However, investors have been suffering the inconveniences and … [Read more...] about Foreign investment shift means new measures to utilise capital