Business

NA scrutinises State corporations

The country’s 90 State-owned groups and corporations contributed 40 percent of the national GDP from 2006-08, but inefficient management of capital and State assets has reduced their productive potential.
Business

Vietnam exerts efforts to raise competitiveness

Vietnam attaches importance to improving the quality of growth and competitiveness of its economy.

The country has been exerting efforts to improve investment climate and competitiveness, including infrastructure and human resource development, administrative reform and corruption combat.
Business

Top economists talk growth, development

Growth theory and economic development were the main topics of a seminar co-hosted by the Ministry for Foreign Affairs and the Party Central Committee’s Theory Council in Hanoi on August 17.

Prof. Jomo Kwame Sundaram, UN Assistant Secretary General for Economic Development in the UN Department of Social and Economic Affairs, and Prof. James Riedel from the US’s Johns Hopkins University, participated in the event.
Business

Bank equitisation delayed yet again

The Bank for Investment and Development of Vietnam will not undergo equitisation this year as previously scheduled, pursuant to a new directive issued by the Government Office.
Business

Lending against securities up

Outstanding loans against collateral in the form of securities or real estate in the first half of the year sharply increased over last year, according to a report from the State bank of Vietnam.
Business

Gov’t measures fuelling rise in investment capital

The country’s total sources of investment capital in the first half of this year is estimated to have reached 322.6 trillion VND, a year-on-year increase of 18.1 percent, said the Ministry of Planning and Investment (MPI).
Business

Businesses on rise despite economic decline

The Ministry of Planning and Investment (MPI) has reported that 40,000 more businesses registered for establishment in the first six months of this year, representing a rise of 14 percent year on year despite declining production and consumption demand.
Business

State-owned enterprises to meet restructuring deadline

Prime Minister Nguyen Tan Dung has requested the transformation of wholly State-owned enterprises be speeded up to ensure all of them start operating as joint stock or limited liability companies by July 1 next year in accordance with the deadline set by the Enterprise Law.