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.
The Ministry of Industry and Trade has made public for comments draft amendments to Decree No 40/2018/ND-CP about managing multi-level marketing business.
The Government’s recently-issued Decree 132/2020/ND-CP would help prevent transfer pricing and limit thin capitalisation to develop a healthy investment market, Deputy Director of the General Department of Taxation Dang Ngoc Minh said.
The Vietnam Fatherland Front Committee of Binh Duong province on November 2 sent relief worth 2.6 billion VND (113,000 USD) to 4,300 residents hit by flooding in the central provinces of Ha Tinh, Quang Binh, Quang Tri and Thua Thien-Hue.
The development of the Vietnamese “eagles” is a key task in winning the market share amid new-generation free trade agreements, heard a forum held by the Ministry of Industry and Trade (MoIT) in Hanoi on October 29.
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.
Vietnam’s robust economic performance over the past three decades has been heavily dependent on exports and foreign direct investment (FDI), with foreign invested companies accounting for 67.8 percent of the country’s total export turnover in 2019, according to the Institute of Southeast Asian Studies (ISEAS) of Singapore.
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.
Prime Minister Nguyen Xuan Phuc hosted a reception in Hanoi on June 12 for leaders of Chinese businesses which are investing in the fields of garment and textile, high-quality fibre, engine components and automobile tyres in Vietnam.
Vietnam's export value saw a year-on-year increase of 4.7 percent to an estimated 82.9 billion USD in the first four months of this year, according to the General Statistics Office (GSO).
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.
Vietnam is seeking to develop its information and communications technology industry (ICT) with a focus on domestic firms to make it a key economic sector in the next decade, according to experts.
With a record trade surplus of 9.12 billion USD over the first 11 months and year-on-year export growth of 7.8 percent, experts believe that 2019 will be the fourth straight year Vietnam will post a trade surplus.
The average tax incentive for each major enterprise is currently tens of times higher than that for other groups of businesses in the economy, an expert has said.
Exports by domestic businesses in the first nine months of 2019 grew by 16.4 percent year on year, much faster than the pace seen in the foreign invested sector, statistics show.
The Red River Delta province of Hai Duong has emerged as a new destination for real estate businesses, with numerous projects to be put up for sale in the time ahead.
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.
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