NA debate amendments to Enterprise Law Politics

NA debate amendments to Enterprise Law

National Assembly deputies on May 25 examined the draft amendments to the Enterprise Law, a proposal asking for NA approval of the State budget balance for 2011 and some other issues.
Vietnam enjoys import export surge Business

Vietnam enjoys import export surge

The latest figures released by the Vietnam General Customs Department showed the country’s total import-export volume from January 1 to April 15 hit 69.75 billion USD, up 19.7 percent over the same period last year.

Dong Nai moves to clear hindrances for investors

Authorities of southern Dong Nai province, one of Vietnam’s main manufacturing centers, have vowed to create necessary supportive policies for foreign direct investment (FDI) enterprises in the locality for their stable operation.

Government’s document supports investors

Deputy Prime Minister Hoang Trung Hai has asked the Ministry of Planning and Investment to issue a list of fields and localities which should receive preferential investment.

State Bank to monitor FDI loan reports

The State Bank of Vietnam (SBV) has instructed credit institutions and branches of foreign banks to report their lending to foreign direct investment (FDI) businesses before March 16.

Losses still high in FDI business

Deputy Minister of Finance Do Hoang Anh Tuan asked HCM City to reduce the number of foreign direct investment (FDI) enterprises declaring losses from 48 to 40 percent this year.

Trade deficit 9.5bln USD, lowest in 10 year

Vietnam 's trade deficit this year was the lowest in the past 10 years, reaching just over 9.5 billion USD, a year-on-year decrease of nearly 23 percent and equivalent to 9.9 percent of the total export value – half of the Government's target of 18 percent for the whole financial year, the General Statistics Office (GSO) reported.

Exports were valued at nearly 96.26 billion USD this year, a year-on-year increase of 33.3 percent – the highest level since 1995 and tripling the National Assembly's target of 10 percent.

Regional ties necessitate customs reform to streamline integration

Experts are calling for Vietnam and other ASEAN countries to modernise customs procedure and policy, which would speed up integration as the 2015 deadline for the bloc to reach full connectivity draws near.

According to the World Economic Forum's report on Enabling Trade in the Greater ASEAN Region (2010), non-tariff measures are considered one of the most significant obstacles to expanding intra-ASEAN trade and pursuing further economic integration.


FDI fails to meet quality target

Foreign direct investment (FDI) has undoubtedly played a major role in the country's economic growth but it is a mixed blessing, according to economists.

Investors return to garment biz

More foreign direct investment in the garment and textile industry in recent months is a positive sign for the economy, but it poses challenges for domestic producers, experts have said.

In the first four months of the year, Vietnam granted investment certificates to 18 FDI projects, valued at a total of 20 million USD, in the garment and textile sector.
Awards presented to top FDI businesses Business

Awards presented to top FDI businesses

Deputy Prime Minister Nguyen Thien Nhan on Sept. 20 presented the “Vietnam Golden FDI” Awards to 85 FDI businesses and 15 entrepreneurs that have attained the most outstanding production and business performances in and out of the country.

Vietnam honours FDI businesses with awards

For the first time ever Vietnam will honour the FDI enterprises and entrepreneurs that have recorded the most outstanding production and business performances so far, at a ceremony in Hanoi on September 20.