More reforms needed in construction procedures Business

More reforms needed in construction procedures

More drastic reforms of construction-related administrative procedures must be carried to improve transparency and reduce costs for enterprises, heard a conference organised by the Vietnam Chamber of Commerce and Industry (VCCI), the Ministry of Construction and the Friedrich Naumann Foundation in Hanoi last week.
Half of local businesses use IFRS Business

Half of local businesses use IFRS

More than half of companies in Vietnam have been adopting international financial reporting standards to meet investors’ expectations and improve their corporate governance, a survey showed.
Foreign funds eye retail market Business

Foreign funds eye retail market

With a scale of nearly 180 billion USD and an annual two-digit growth rate, the Vietnamese consumer retail market is being squeezed by foreign investors.
Vietnam keen to develop supporting industries: Deputy PM Business

Vietnam keen to develop supporting industries: Deputy PM

Vietnam is keen to develop supporting industries and the Government has been working towards the goal of having 1,000 enterprises operating in this sector that are capable of supplying for assembling enterprises and multinational corporations in 2020, Deputy Prime Minister Vuong Dinh Hue said.
Hai Duong aims to make tourism a spearhead Travel

Hai Duong aims to make tourism a spearhead

With its beautiful landscape together with rich cultural value plus a favourable geographical location and convenient transport system, Hai Duong province aims to turn tourism into an economic spearhead by 2020.