Economy and commerce

Vietnam ranked third most active startup ecosystem in ASEAN

Việt Nam jumped from fifth to third in the list of most active start-up ecosystems in the six largest ASEAN economies in only two years. The change was from the first half of 2017 to the corresponding period of 2019, with the country trailing only Indonesia ...

New resolution hoped to facilitate foreign investment attraction

General Secretary of the Communist Party of Vietnam Central Committee Nguyen Phu Trong has signed a resolution on orientations to perfect institutions and policies to enhance the quality and efficiency of foreign investment cooperation through 2030.The objectives of the Resolution No. 50-NQ/TW include making mechanisms ...

New chapter for the development of Vietnam’s pharmaceutical market

Permitting foreign-invested enterprises to conduct direct imports, Vietnam’s pharmaceutical policies are now more in alignment with international treaties.The change of governmental policy in the pharmaceutical field will affect significantly the local market, from both sides. As a positive, the grant for foreign-invested enterprises (FIEs) will ...

Gov’t speeds up public investment disbursement

PM Nguyen Xuan Phuc has recently signed Public telegraph 1042/CP-TTg which directs ministries, agencies, and localities to speed up disbursement rate of public investment capital in 2019. The document attributed shortcomings and weaknesses in management, regulation, and implementation including slow progress of capital allocation, bidder selection, ...

Kim Anh

Hanoi Innovation Summit 2019 to take place next week

Hanoi Innovation Summit 2019 will take place at the National Convention Centre on August 29-30.According to the organising board, this is the largest scale event covering start-up issues ever held in Hanoi, which is expected to receive more than 3,000 delegates and 100 speakers, as ...

How does yuan price reduction affect garment, footwear industries?

The sudden depreciation of Chinese yuan against the US dollar brings more difficulties to Vietnam’s yarn industry, according to Vietnam Textile and Apparel Association (VITAS).Vietnam imports cotton from the US to make yarn products for export to China. If the yuan continues to fall, Vietnam’s yarn ...

New regulations on foreign exchange management

The State Bank of Viet Nam has issued Circular No. 06/2019/TT-NHNN on foreign exchange management for foreign direct investment activities in Viet Nam.The Circular, scheduled to take effect since September 6, 2019, regulates such activities like capital contribution, opening and use of foreign currency and ...

Escalating trade war to hit Vietnam’s exports

The intensifying trade war between China and the U.S. threatens to derail Vietnam’s export growth with the weakening of the Chinese yuan. Vietnam’s exports in the first six months rose 7.2 percent year-on-year, lower than the average growth of 11.6 percent in the last five years, ...

Dat Nguyen

New association aims to untangle legal impasse

On August 7, a new association for studies and consultancy for business and investment activities in Vietnam will make its debut, expecting to bring the best benefits to businesses and contribute to law-making and enforcement.In alignment with improvements in investment policies, both domestic and foreign ...

Bich Thuy

New resilient and innovative development strategy required for next decade

The new development strategy for the next decade must be designed to help Viet Nam accommodate itself to the international context and promote the advantages of the country gained after more than three decades of Reform.  Prime Minister Nguyen Xuan Phuc stressed the point at ...

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