Vietnamplus

Vietnam must continue to improve on its Law on Enterprises, experts and researchers said at a law conference in Hanoi on November 18.

The escalating US-China trade war has made Vietnam’s trade gap with China widen to 29.5 billion USD in the first 10 months of 2019, up 47.9 percent from the same time last year, according to insiders.

State-owned-enterprises (SoEs) are largely unprepared for the demands of the digital age despite pressing demand for change in the sector, a researcher has said.

The private sector was the main driver of growth for Vietnam in the first nine months this year, a conference held by the Central Institute for Economic Management (CIEM) heard in Hanoi on October 30.

A workshop discussing measures to remove difficulties facing enterprises in implementing regulations and procedures related to business registration, construction license, asset registration, tax and social insurance was held in Hanoi on October 28.

Despite Vietnam’s rise in the global competitiveness index, further reforms are needed to achieve economic targets set by the Government, speakers said at a workshop in Ho Chi Minh City on October 24.

Vietnam needs to issue special policies for the automobile industry to catch up with other countries in the ASEAN region, said experts at a conference held in Hanoi on October 22.

Vietnam must identify, implement and build management models for sharing economy applications in the country’s major sectors such as banking and transport to ensure a fair business playground and protect all involved parties, said economics experts at a conference on the sharing economy in Hanoi on October 10.

As State-owned enterprises (SOEs) have many functions in the local economy, they struggle to fulfil their main task of doing business, so they need solutions to improve business efficiency, according to experts.

Vietnam’s economic restructuring and growth model reform in 2016-2020 have been benefiting from positive changes in policies and achievements in the 2011-2015 period, according to economist Nguyen Dinh Cung.

Since 2016, the equitisation and divestment have been carried out at 35 out of 127 State-owned enterprises (SOEs), equivalent to 27.5 percent, while 88 out of 405 firms have completed divestment.

The Prime Minister's working group said on August 22 that ministries had drastically cut business conditions and administrative procedures in order to facilitate businesses’ activities, but more still needs to be done.

A workshop titled ‘R&D, innovation and economic growth – Korean experience and lessons for Vietnam’ took place in Hanoi on August 1.

Domestic businesses, especially small and medium-sized enterprises (SMEs) need further support from state management agencies to better compete in the context of deep global integration, said Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc.

Vietnamese enterprises are in a weak position in sharing the “revenue pie” of a digital economy, said Tran Dinh Thien, former director of the Vietnam Institute for Economics, at a conference on Vietnamese businesses and digital transition in Hanoi on July 18.

Competent authorities should give top priority to stabilising the macro-economy and applying flexible macro-economic policies to cope with disadvantageous developments of the regional and world economies, heard a seminar held by the Central Institute for Economic Management (CIEM) in Hanoi on July 12.

The ratio of cashless payments in Vietnam remains low, standing at only 11.49 percent of total means of payment, according to a recent report from the Central Institute for Economic Management (CIEM).

Vietnamese and Israeli experts, businesses, officials and researchers discussed policies on innovation for Vietnam during a conference in Hanoi on June 19.

Shortcomings in terms of institutions and laws are the main cause of the sluggish restructuring of State-owned enterprises (SOEs), which may fail to fulfill many important targets by the end of 2020, according to the Central Institute for Economic Management (CIEM).

Policies to develop the industrial sector will be the key to keeping Vietnam’s out of the middle income trap, experts said at a workshop in Hanoi on May 23.