Voluntary pension plan eyed

Voluntary pension is becoming necessary in Vietnam to ensure social security as the country’s population age, participants said at a conference on April 24 in Hanoi.
PM: drastic measures to surmount difficulties Politics

PM: drastic measures to surmount difficulties

Prime Minister Nguyen Tan Dung has asked ministries, sectors and localities to promptly prioritise clearing the obstacles confronted by businesses and dealing with bad debts and inventories to create a driving force for the economy to regain growth.

Ailing property market seeks cure

Prime Minister Nguyen Tan Dung on Dec 18 advised HCM City to restructure the real estate sector towards removing weak and ineffective players and providing housing to meet real demand.

Samsung enjoys new tax incentives

Prime Minister Nguyen Tan Dung has given the nod for tax incentives to be granted to giant Samsung Electronics of the Republic of Korea, allowing the company to begin work on a factory expansion project in northern Bac Ninh province.

Tank manufacturer opens factory

RK Engineering, a wholly foreign invested company from Japan on Mar. 29 inaugurated a high-pressure resistance tank, tank top, heatproof material and equipment plant in Dinh Vu Industrial Zone in the northern city of Hai Phong .

Procedures trouble Korean firms

Customs and tax-related problems fueled a meeting between business representatives from the Republic of Korea and Vietnamese authorities held in Hanoi on June 22 by the Government Office's Department of Administrative Procedures Reform to gather opinions from the RoK business community.

Exporters urged to target Asia markets

Domestic exporters should capitalise on the rising import growth rates of Asian countries and boost exports to those markets, Deputy Minister of Industry and Trade Nguyen Thanh Bien said April 7.

Confab urges electronic payments

Experts discussed ways to encourage Vietnam to adopt the new POS (Point of Sale) plastic money system of paying for their shopping at a conference to introduce Vietnam Banking 2010.

ASEAN aims to narrow development gap

Boosting internal cooperation and expanding cooperation with developed partners around the world have been defined as the prime solutions that ASEAN should take to narrow the widening development gap among its members.

“An increasingly widening development gap is posed as the top impediment to ASEAN’s future growth,” Prime Minister Nguyen Tan Dung said, addressing the 42nd ASEAN Economic Ministerial Meeting and Related Meetings in Da Nang city on August 25.

VN remains attractive destination for Japan investors

Many Japanese investors have recently said that they will choose Vietnam as a destination for their investments within the next 1-3 years, although there remains some concerns over the quality of the workforce and the country’s infrastructure.

Car imports drop 75 percent in January

The import value of automobiles in the first month of this year reached only 45 million USD, a 76.4 percent decrease over December, according to the General Statistics Office (GSO).