Cambodian Prime Minister Hun Sen has announced plans to reform the nation’s economy on a large scale with a 17-point strategy, aiming to stimulate growth and save the private sector some 400 million USD per year in costs.
Vietnam and Cambodia could make their two-way trade value at 7-8 billion USD by 2020 as they have established sound cooperation across sectors and their governments have regularly taken measures to remove difficulties for businesses, Prime Minister Nguyen Xuan Phuc said.
President of the Vietnam General Confederation of Labour Bui Van Cuong has called on all trade union members and workers to stay calm and vigilant over manipulation of extremists and not to let others take advantages of their patriotism.
The National Assembly has approved a proposal of the NA Standing Committee on postponing the debate and adoption of the draft Law on Special Administrative and Economic Units of Van Don, Bac Van Phong, and Phu Quoc.
The Government and the National Assembly Standing Committee have agreed to ask the legislature to delay the adoption of the draft Law on special administrative-economic units to have more time for research and completion.
The PM agreed that the three special economic zones being planned by the Government to spearhead the country’s economic growth should enjoy special regulations and fewer limitations to woo investments
The Government has approved a plan to build three special economic zones (SEZs) to spearhead the country’s growth and tap local advantages to impel growth there.
The Ministry of Planning and Investment (MPI) is tasked to submit two
new laws to the National Assembly in 2015, a move sparked by the
requirement to speed up institutional reform to further improve the
country’s investment and business environment.
Domestic and foreign economists exchanged experience in developing
special economic zones at a seminar in Ha Long city, the northern
province of Quang Ninh on March 20.
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