The Vietnam Vegetable Oil Industry Corporation (Vocarimex) has set a target of 4.8 trillion VND (211.2 million USD) in revenue and 300 billion VND (13.2 million USD) in after-tax profit for 2018, heard the company’s shareholder meeting held on June 12.
Public investment restructuring scheme in 2017-20 will focus on core economic sectors and major projects that give impetus to socio-economic development and promote public and foreign investments.
Prime Minister Nguyen Xuan Phuc underlined the importance of building a resolution on key socio-economic tasks and solutions in 2018 at a cabinet meeting in Hanoi on December 1.
Measures to improve the efficiency of public investment were among issues mentioned by Minister of Planning and Investment Nguyen Chi Dung at the Q&A session on November 16 of the 14th National Assembly (NA)’s ongoing fourth session.
Minister of Planning and Investment Nguyen Chi Dung stressed improving the efficiency of public and foreign investment during a Q&A session at the 14th National Assembly’s third plenum on June 14.
Vietnam will continue its reform to improve business and investment environment to support enterprises and negotiate other agreement whether Donald Trump thwarts the Trans-Pacific Partnership or not.
Ministries, ministerial-level and centrally-run agencies, as well as localities, economic groups, and State-owned enterprises have been requested to build a socio-economic development plan for 2017.
Restructuring is decisive to the quality of economic growth and the level of economic development amidst new challenges posed by international integration, economists said at a seminar on Dec. 17.
Public investment restructuring is still sluggish and has not focused on measures improving investment effectiveness, many experts pointed out at a seminar in Hanoi on November 24.
Deputy Prime Minister Nguyen Xuan Phuc has urged the southern Kien Giang
provincial authorities to finalise the Phu Quoc special economic zone
master plan soon.
The revised Law on Public Investment, which took effect on January 1,
2015, is expected to provide a comprehensive legal framework for
restructuring the public investment process.
Minister of Planning
and Investment Bui Quang Vinh said the law is a step further of the
Prime Minister’s Direction 1792/CT-TTg toward optimising public
investment via a synchronous legal framework for the management of the
entire public investment process, including project approvals, capital
source verification, and the implementation, supervision and evaluation
of projects.
Dr Tran Kim Chung, Deputy Director of the Central Institute of
Economic Management, said in an interview with Nhan Dan (People)
newspaper that the effective implementation of the Law on Public
Investment would help bring public debt under control.
The Military Bank gives priority to investors interested in long-term
partnerships, an official of the bank told participants at Vietnam
Investment Forum held in HCM City on June 19.
The Vietnamese Government has issued an action programme for the
realisation of the Party Central Committee’s Resolution 22-NQ/TW on
international integration, according to the Government news portal on
May 14.
Vietnam needs stronger and more effective measures to create a
breakthrough in the complex and long-term process of economic
restructuring, according to various domestic experts.
The Vietnamese government’s
management efforts in 2013 have led to its economic restructuring
achieving initial results and increasing the economy’s efficiency, says
the Radio Voice of Vietnam.
The Government's estimate for a GDP growth rate of 5.5-5.8 percent for
2014 that was submitted to the National Assembly's ongoing year-end
session reflects a change in thinking in economics - a more solid and
feasible growth is chosen. Insights from the Vietnam Government Portal.
The State Audit Office of Vietnam (SAV) will audit 143 companies and agencies
belonging to 16 ministries, 34 provinces and cities, 25 investment
projects and five national target programmes in 2013.
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