Vietnamplus

Experts are again issuing a warning to local enterprises to pay attention to intellectual property (IP) rights when doing business overseas.

The Sai Gon Hi-tech Park and industrial parks and economic zones in the southern provinces of Long An, Binh Duong, Dong Nai and Ba Ria-Vung Tau will work together to develop supporting industries under an agreement clinched on October 28.

Prime Minister Nguyen Xuan Phuc has signed a resolution to promote the development of support industries with the aim of having 2,000 enterprises capable of directly supplying parts for multinational corporations in ten years.

Textile and electronics have been the two export-oriented sectors mostly impacted by the COVID-19 pandemic.

Vietnam faces increasing tax evasion and avoidance as policies have not kept up with reality, according to a report by the Vietnam Institute for Economic and Policy Research (VEPR) and Oxfam.

Vinh Phuc province recently held a seminar in Potsdam city of Germany’s Brandenburg state to introduce investment opportunities in this northern locality of Vietnam.

Vietnam is a silver lining in the Asian region amid trade tensions, according to the latest report from the United Overseas Bank Limited (UOB).

Socially responsible practices in the wood and seafood processing industries were under the spotlight at a workshop held in Ho Chi Minh City on June 27 as part of the Responsible Supply Chains in Asia project (RSCA).

Only about 300 of the over 1,800 businesses working in supporting industries in Vietnam have joined production chains of multinational enterprises, a figure described by analysts as too modest.

The General Department of Taxation’s plan of taxing business households with annual revenue from 100 million VND (4,300 USD) is causing controversy.

With the resolve of the whole political system and the will of the people, Vietnam is ready to overcome any challenges ahead, moving forward to grasp opportunities presented by the Fourth Industrial Revolution, said Prime Minister Nguyen Xuan Phuc.

Innovation was critical for the growth of factory productivity, but Vietnamese firms spent less on research and development (R&D) than in most other Southeast Asian countries.

Minister of Education and Training Phung Xuan Nha clarified various issues of voters’ concern, including measures to enhance education and training quality at the November 16 NA hearing.

Vietnam must build a creative and sustainable eco-system for the Internet of Things (IoT) in order to take part in the international IoT supply chain and achieve a turnover of 10 billion USD by 2020.