Vietnam aims to become a developed country by 2045 and achieve net zero emissions by 2050. It is considered an ambitious goal but also a challenge for a developing country like Vietnam.
A delegation from the southern province of Binh Duong led by Nguyen Hoang Thao, permanent deputy secretary of the provincial Party Committee, paid a working visit to India from September 24 to 25.
Da Nang city has granted investment registration certificates and investment policy decisions to 27 projects with total capital of some 5.6 bln USD. It also offers many preferential policies to attract domestic and foreign investors. Issues relating to policies, incentives, and transport infrastructure will also be addressed to attract investment and contribute to socio-economic development.
The Government have issued a host of preferential policies for businesses operating in supporting industries over the past time. However, their beneficiaries have said it is difficult for them to access incentives and support from these policies.
The People’s Committee of Soc Trang province has adopted several measures to reduce poverty this year, including developing rural agriculture, creating more jobs and support policies for poor people.
The northern province of Thai Binh has employed a wide range of preferential policies for foreign investors, including those from Germany, said Secretary of the provincial Party Committee and Chairman of the provincial People’s Council Nguyen Hong Dien.
Removing bottlenecks of businesses will be prioritised in the northern province of Bac Giang to lure more foreign direct investments (FDI) in the coming time.
Vietnamese Ambassador to Russia Ngo Duc Manh on July 26 had a working session with First Governor of Russia’s Far Eastern region of Primorye Vera Shcherbina, discussing measures to promote collaboration in economy-trade between the Russian locality and Vietnamese businesses.
Prime Minister Nguyen Xuan Phuc expressed his hope that war invalids will remain bright examples in moving forwards while meeting with 500 outstanding heavily wounded war veterans in Hanoi on July 25.
Ho Chi Minh City will begin implementing preferential policies from July 15 to attract and retain talented people who can contribute to the city’s economic, social and cultural development.
Ho Chi Minh City's preferential policies for the supporting industries in recent years has helped companies expand and secure contracts as suppliers with foreign-invested companies.
Indian-based Hindustan Computers Limited (HCL) has plan to establish an information and technology (IT) centre in Ho Chi Minh City, which will provide training and recruite some 10,000 IT engineers in the next five years, said HCL Executive Vice President Sanja Gupta.
Vietnam’s garment and textile sector is set to expand its market share globally, taking advantage of free trade agreements (FTAs) to become “a manufacturer of the world's established brands”, a trade and investment official has said.
Preferential policies should be applied selectively, targeting FDI businesses with effective operation rather than the scale of investment, Deputy Prime Minister Vuong Dinh Hue said at a working session with the Ministry of Finance in Hanoi on February 28.
The government should offer preferential policies for property firms which develop green urban areas, said Do Viet Chien, General Secretary of the Vietnam Real Estate Association.
Vietnamese automobile firms can gain a competitive edge over their rivals in ASEAN if the domestic supporting industry uses more locally-produced parts, heard a conference recently held in Hanoi by the Central Institute for Economic Management (CIEM).
Hanoi stands ready to aid European investors and will offer them more preferential policies, said Chairman of the municipal People’s Committee Nguyen Duc Chung.
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