Vietnam, Cambodia’s central banks look to foster partnership Business

Vietnam, Cambodia’s central banks look to foster partnership

Leaders of the State Bank of Vietnam (SBV) and the National Bank of Cambodia (NBC) met in Phnom Penh on September 16 at an annual conference to share experience in macro-economy management, especially in finance-banking, and seek ways to strengthen cooperation in personnel training.
Industry 4.0 to boost Vietnam’s GDP to 16 percent Business

Industry 4.0 to boost Vietnam’s GDP to 16 percent

The Fourth Industrial Revolution, also known as the Industry 4.0, has the potential to bolster Vietnam’s economic output by a further 28.5-62.1 billion USD, equivalent to the GDP growth of 7-16 percent by 2030, according to a report by the Central Institute for Economic Management (CIEM).
Lao economy grows robustly, but with public debt risk: WB World

Lao economy grows robustly, but with public debt risk: WB

Economic growth in Laos has seen robust expansion compared to regional peers but the country is still at risk due to high public debt, with growth in the share of debt on less concessional terms, according to a report of the World Bank (WB).
PM urges action on excessive business rules Business

PM urges action on excessive business rules

Prime Minister Nguyen Xuan Phuc has demanded that all corresponding government departments, agencies and institutions to adjust policies as part of an “action-minded” government, to unburden Vietnamese firms of unnecessary business regulations, namely redundant business permits and categorisation.
Vietnam improves ease of business Business

Vietnam improves ease of business

Vietnam moved up nine notches in the World Bank’s Doing Business 2017 report. The country climbed to 82nd position from 91st position last year, in the list covering over 190 economies.
Business

Hanoi businesses explore pros and cons of US market

Business opportunities in the US alongside potential challenges were the main focus of a workshop in Hanoi on March 9 which aimed to get Hanoi businesses prepared for the Trans-Pacific Partnership (TPP) agreement.
World Bank calls for more reforms Business

World Bank calls for more reforms

Vietnam has made considerable progress in the business regulatory environment over the past year but there is still a lot more room for improvement, said a World Bank official.
Doing Business: Vietnam cuts taxes, facilitates int’l trade Business

Doing Business: Vietnam cuts taxes, facilitates int’l trade

Vietnam cut business taxes in 2008-2009, joining many other economies in East Asia and the Pacific in strengthening business regulations to help increase opportunities for local firms, according to a report.

Vietnam cut the corporate income tax rate from 28 percent to 25 percent and eliminated the surtax on income from the transfer of land, according to Doing Business 2010, the seventh in a series of annual reports by the World Bank (WB) and the International Financial Corporation (IFC).