PM approves programme to boost productivity Society

PM approves programme to boost productivity

Prime Minister Nguyen Xuan Phuc has approved a national programme on supporting enterprises to improve productivity and the quality of products and commodities in the next 10 years.
PetroVietnam in need of investment capital Business

PetroVietnam in need of investment capital

Demand for investment capital at the Vietnam Oil and Gas Group (PetroVietnam) and its member units for 2018-20 is estimated to reach 620 trillion VND (26.7 billion USD), PetroVietnam Securities Inc (PSI) recently announced.
Hanoi invests big in developing ethnic areas Society

Hanoi invests big in developing ethnic areas

Hanoi has consistently implemented the policy of allocating large amount of resources to the development of mountainous and ethnic minority areas in the city towards narrowing the gap between those areas and other localities, it was reported at a conference on October 3.
PM urges greater efforts to complete yearly targets Politics

PM urges greater efforts to complete yearly targets

Prime Minister Nguyen Xuan Phuc on October 2 called for greater efforts in the last three months of 2019 to complete the yearly targets, thus creating the premise for 2020 when Party congresses at all levels will be organised, towards the 13th National Party Congress.
Foreign investment in banking sector to surge Business

Foreign investment in banking sector to surge

The improved business performance of Vietnamese banks and a Government regulation to require local banks to meet stricter capital regulations as part of Basel II standards is spelling the start of a wave of foreign investment into the country’s finance and banking sector in 2019, experts said.
Vietnamese enterprises to boost digital transformation Sci-Tech

Vietnamese enterprises to boost digital transformation

Increasing profit a few hundred percent, saving billions of dollars in technology costs, operating complex data systems in real time, transforming appropriate business models, improving operational efficiency and personalising customer experience on large-scale digital platforms at fast speed were the benefits of digital transformation, said Dr. Phuong Tram, FPT head consultant on digital transformation and former DuPont CIO at a seminar in Hanoi this week.
Orientations taken to accelerate economic restructuring Business

Orientations taken to accelerate economic restructuring

Orientations aimed at speeding up the restructuring process of Vietnam’s economy amidst the Fourth Industrial Revolution was the focus of a workshop held by the National Centre for Socio-economic Information and Forecast (NCIF) and the Ministry of Planning and Investment in Hanoi on November 22.
Restructuring helps form agricultural product categories Business

Restructuring helps form agricultural product categories

One of the main achievements of Vietnam’s agricultural restructuring plan over the last five years is the formation of three product categories – national key products, local key products and those under the programme “one village, one product”.
Agricultural restructuring a success Business

Agricultural restructuring a success

Efficient restructuring of the agricultural sector has brought good results in production and business in the last few months, so the sector expects to gain stronger growth in production and business this year and beyond, said experts.
Vietnam strives to reduce cash payment proportion Business

Vietnam strives to reduce cash payment proportion

The Vietnamese Government plans to reduce the cash payment proportion to less than 10 percent by 2020 and 8 percent by 2025, which can be done by expanding the network of automatic teller machines (ATMs) and points of sale (POS) nationwide.
Banks hope to lure foreign investors Business

Banks hope to lure foreign investors

Despite the current increasing foreign investment inflows, merged and acquired banks will consider selling stakes to foreign investors after completing the restructuring to up the attractiveness of sales, bank officials said.